Lucrative market: Vietnamese group Minh Tien prepares plans for growing coffee culture in Middle East
Coffee cultivation in the Middle East has caught the attention of the Minh Tien Group, a Vietnam-based coffee bean producer and exporter looking to expand into the Gulf region.
Established in 2000, the coffee of the Minh Tien group has been exported to Europe, the United States and Japan. Coffee conglomerates such as Neuman, Marubeni and Mitsui source their raw coffee from the Minh Tien group.
According to Nguyen Thi Hong Minh, president of the Minh Tien group, the company now plans to expand to the United Arab Emirates and Kuwait in 2023, cited as nations with high demand for coffee and a diverse and vibrant coffee culture.
“We confidently assess the Middle East as a lucrative market. Between 2018 and 2019, the number of coffee imports to the UAE increased by almost 22%, while the rest of the Gulf countries experienced an average growth of 5%.
Private label opportunity: Chinese online grocery company Dingdong to develop more products as sales take off
Chinese on-demand grocery e-commerce company Dingdong has announced plans to significantly increase the number of private labels it offers in grocery and fresh food products.
In the third quarter of 2021, the gross merchandise value (GMV) contribution of its private label products was 5.8%, with the company hoping to increase it to 30% in the long run.
Dingdong first launched its own brands in 2020, such as Boxing Crayfish and more recently the Damanguan fondue soup brand.
‘Back to normal’: Local brands are all the rage in Indian alcohol business, but mid-range drinks are under pressure
Locally produced wines, beers and spirits are currently booming in the Indian alcohol industry, with millennial consumers especially preferring them over international brands – but drinks that are not in the high price categories. or downs continue to face a crisis that is not expected to resume anytime soon.
India’s alcohol industry has been hit particularly hard by the COVID-19 pandemic over the past two years, as the government has been forced to impose various restrictions, including alcohol bans and food service closures for an extended period, in addition to being hit by several waves of the virus resulting in a record number of cases and deaths – but according to an industry expert, things are on track to “get back to normal”.
“Consumers are coming back to markets to buy alcohol and get supplies, some companies are getting supplies as well – things are getting back to normal, despite the many changes we have seen at the height of the pandemic,”Siddharth Banerji, Managing Director of one of India’s largest liquor companies, Kyndal Group, said FoodNavigator-Asia.
Reformulation for the region: Coca-Cola, Nissin, Kirin and Hoow Foods weigh on the reduction of sugar, salt and fat in APAC
Major brands in the region continue to double their reformulation efforts in reducing sugar, salt and fat after COVID-19 led to rapid increase in consumer awareness and demand for healthier products .
In this edition of the FNA Deep Dive, we’ll take a closer look at what APAC agribusiness companies large and small are doing when it comes to reformulating healthier products, and learn more about the priorities and drivers. keys to the industry.
Reducing sugar in sugary drinks has been one of the most important areas for reformulation even before COVID-19 hit the region, and the pandemic has further accelerated this trend. This is especially the case in the APAC region, where experts expect to experience the fastest rate of growth thanks to increased investment, growing consumer awareness, and increased income and business power. purchase.
Beverage companies such as Coca-Cola are well aware of this trend and have taken the initiative to focus their efforts on developing low-sugar or sugar-free products to appeal to consumers in the region, for example by working to improve the recipe for his Coca-Cola. Zero Sugar to be as close as possible to the classic version without sugar in it.
50 Million Decisions: GCC Consumers Need Realistic Guidelines to Move Towards Plant-Based Diets – Report
A sustainable, plant-based diet is key to mitigating climate change, boosting food security and improving the health of GCC residents, but the guidelines must be based on realism, says a new report.
He adds that there is an urgent need for concrete and simple dietary guidelines for the people of the GCC, which take into account local food sources, cultural habits and existing meat consumption.
It was written by Jacek Plewa, co-founder of Meatless Sundays and Future Food Holding, and Mira El Ghaziri, health and nutrition policy consultant and CEO of HealthyPath.
“As consumers, 50 million of us in the GCC, we can make 50 million positive decisions resulting in better personal health while saving our planet“Said Plewa FoodNavigator-Asia.