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Trends > Emerging Markets

Emerging Markets

Emerging Markets

Manufacturers in their swarms are flurrying to emerging markets like Brazil, Russia, China and India to cash in on booming populations that have money to spend. But it isn't a simple 'shift' of business model. Companies must work hard to carefully tailor products and marketing to very different and varied consumer groups.

Taiwan

Supplier fined heavily in midst of Taiwan’s 780t recycled oil scandal

A Taiwanese food company has been handed a severe fine for selling lard made from cooking oil that had been recycled from kitchen waste and grease from leather processing plants.

India

New committee meets in bid to reform 'wasteful' food corporation

A high-level committee has met for the first time to investigate a restructure of the often-beleaguered Food Corporation of India (FCI) as the food-grains authority looks to strengthen and integrate...

Kellogg’s interest in Egyptian snack maker BiscoMisr ‘makes sense’

Kellogg has bid for a 51% stake in Egyptian biscuit and breakfast cereal firm BiscoMisr, according to a filing in Egypt’s stock exchange – a move which would makes sense,...

India

PepsiCo to double investment in Indian snacks

PepsiCo chairman Indra Nooyi has pledged to double the company’s investment in its Indian food processing operation to add to the sizeable sums it has already spent in the country....

Mooncake Festival 2014: The biggest event in Asia’s cake calendar

The annual Mooncake Festival celebrated in China and Vietnam is by far the biggest event for cake manufacturers in the region, says an analyst.

China’s bakery boom: How to have your cake and eat it

China will become the world’s second most valuable bakery and cereals market by 2018, and understanding lifestyles will be key to capitalizing on this growth, says Canadean.

New Zealand

Taura claims its fruit pieces are the world's smallest

Kiwi fruit products company Taura Natural Ingredients has introduced what it claims is possibly the world’s smallest real fruit pieces.

Russian all-natural snack start-up: 'We’re catching the wave, not chasing it'

The Marc Bakery aims to transform its $1m Russian snack business into $45m in just three years – a possible goal in a country where all-natural remains nascent, its founder says.

Additives and carb backlash stumps bread innovation, says Mintel

Packaged bread innovation has been complicated by a consumer backlash on additives and carbohydrates, but manufacturers can still generate interest with healthy, artisan ingredients, says Mintel.

Philippine food major buys New Zealand snack firm Griffin’s

Universal Robina Corporation (URC) has snapped up New Zealand snack giant Griffin’s Foods for NZ$700m ($606.6m) in a move it says should bolster its presence in the Asian snack sector....

DIGGING INTO INNOVATION AND NPD WITH DATAMONITOR CONSUMER

What do women want (from bread)?

Manufacturers should look to develop breads tailored to women’s nutritional needs, according to a Datamonitor researcher.

Grupo Bimbo acquires Ecuadorian firm Supan

Mexican bakery giant Grupo Bimbo is set to acquire Ecuadorian company Supan – its first buy in the region.

Half of new product sales in gluten-free are from snacks, but are we close to saturation point?

US retail sales of gluten-free products surged 47% in 2013, with a significant chunk of the growth coming from snacks, according to flour milling giant Ardent Mills.

Andean Grain gears up for chia cheer after EU approval

Andean Grain Products has received a positive draft novel food opinion from the UK’s Food Standards Agency (FSA) for its chia seeds – deeming them sufficiently ‘equivalent’ to those already...

China

General Mills spends big on Asian product development

In a move to channel more investment into its growing Chinese market, food major General Mills has opened its first major technical centre outside of its Minneapolis headquarters. 

‘Stand-still’ cereal segment should consider milk-less snack bags: Canadean

Cereal makers should consider moving NPD away from the breakfast table and introducing milk-free snack bags to be eaten like crisps, according to Canadean.

AAK acquires Colombian bakery fats firm FANAGRA

Swedish-Danish oils and fats giant AarhusKarlshamn (AAK) has acquired Colombian company Fabrica Nacional de Grasas (FANAGRA), which specializes in vegetable oils and fats for the bakery segment.

Fazer closes 2 factories in industrial to in-store shift

Finnish firm Fazer has announced the closure of two of its bakeries – a move it said was unavoidable considering a market shift from pre-packed bread to in-store baked. 

Warburtons’ offsets difficulties to secure growth

Sales of wraps, sandwich thins and gluten-free products have helped Warburtons offset “difficult” trading conditions to increase turnover and operating profit in the 52 weeks to September 28 2013.

Dispatches from IFT 2014: 8-minute insight from Mintel innovation directors

Crunch time: Is breakfast cereal doomed to sink?

The global breakfast cereal market faces increasing competition as consumers turn to convenient alternatives, so how can manufacturers step up to compete and stimulate often dwindling sales?

PepsiCo to drive ‘better-for-you’ NPD with Mexico baking innovation center

PepsiCo has inaugurated its first R&D facility in Mexico – a baking innovation center that will be dedicated to strengthening its better-for-you portfolio across brands like Quaker, Lay’s and Sabritas....

Granola: A sophisticated breakfast win in Japan

Granola has boomed in Japan because of its health promise and versatility and Western cereal firms could cash in further by playing up the trendy aspect, says a Datamonitor Consumer...

Developing western snacks with an ‘Arabic’ spin on them

tna sees Middle East as fastest growing market

The Middle East is the fastest growing market, in terms of business growth for tna, according to Michael Green, managing director, tna Australia.

Digging into innovation & NPD with Datamonitor consumer

Black cereal: How to make a splash in China

Black ingredients are considered healthier in China and black breakfast cereals are making a debut splash in the market; a trend Western companies should take note of, says a Datamonitor...

Warburtons guns for UK gluten-free supremacy

UK bakery business Warburtons has ambitions to boost the gluten-free category and grow its market share as it rolls out gluten-free thins.

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