The composition of Asia's food industry is changing, and moving to the south. Indonesia — with its massive, young population of upwardly mobile consumers who are choosing Western tastes en mass — is a real big deal for international food and ingredient companies. In comparison, India, through its lack of organisation, has not quite made it, while China has transformed into a sub-Asian region in its own right (just look at the number of brand headquarters that serve this single market for an example of how things have changed).
In their wake, the world has been searching for a new upstart in the Asia-Pacific, and Indonesia has filled the breech. But as editors Shane Starling and Richard Whitehead found over the three days of Fi Asia, things aren't quite so clean-cut. There was little international innovation for local companies to pick off; while its own key industry, extracts, was noticeable by the absence of a number of its key players at the show. Where did they go? Listen to find out more.
Free-to-attend Healthy Ageing Forum: October 28
Insights into the Japanese and other global healthy ageing markets will be discussed and debated in a free online forum hosted by NutraIngredients on October 28.
The discussion with leading experts will explore the actions of the food, drink and supplement brand leaders, the formulations, the science and regulatory environment in an unmissable forum that spans demographics as it does all elements of the healthy foods and supplements sectors.
Sign up here.