Tyson foods launches plant-based products in Asia as BiH dairy producers gear up for Chinese market

ASIA – Tyson Foods, the world’s second-largest processor and marketer of chicken, beef, and pork, has launched a new line of plant-based meat alternatives across the Asia Pacific to take advantage of increased demand in the region. The launch under the company’s First Pride brand marks the first time Tyson Foods is introducing plant-based products in the region. First Pride brand is however not new to consumers in the region as Tyson has offered frozen chicken, beef, and fish products under the brand in Malaysia for nearly 15 years. According…

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Proterra Asia expands presence in dairy sector with new investments in yogurt and oat milk businesses

ASIA – Proterra Investment Partners Asia has expanded its presence in Asia’s dairy sector by investing undisclosed amounts into the high-growth oat milk and yogurt segments. The private equity’s first investment was made into Simple Love (also known as Jian Ai), a fast-growing fresh yogurt brand in China, focusing on the premium low-temperature segment. Simple Love has grown to 2 percent market share (6th largest) in China, with sales growing at a compound annual growth rate of 109 percent over the past five years based on the company’s sales data.…

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Cargill expands specialty tapioca starch offerings in Asia, to invest $25m in US soybean processing plant

US — US agricultural commodities giant Cargill is partnering with Starpro, a key food grade tapioca starch producer in Thailand, to expand its specialty tapioca starch offerings in the Asia-Pacific region. The collaboration with Starpro is the latest move by Cargill to grow its specialty starch portfolio in Asia-Pacific, after announcing the expansion of a cold-water swelling starch line at its sweetener plant in Pandaan, Indonesia, as well as the construction of a modified starch plant in Songyuan, China. According to Cargill, the agreement will cover a full range of…

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Nestlé launches dairy free Milo in Asia, commits to protect region’s forest landscapes

ASIA – Nestlé has launched its plant-based version of popular chocolate malt beverage, Milo in Asia in response to a rising tide of consumers preferring more dairy alternatives in their diet. This new version replaces the milk in the original recipe with almond and soy, but the other two core ingredients – malt and cocoa – remain the same. Its launch follows the roll out of a plant-based Milo powder in Australia in 2020, a launch that created huge excitement in the country where Milo was first introduced in 1934.…

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Nestlé’s new plant-based food processing facility in Malaysia to support alternative proteins adoption in Asia

MALAYSIA – World’s largest food company Nestlé has inaugurated a new production site for plant-based burgers, schnitzels, mince, and more in Shah Alam, Malaysia in an effort to support the current wave of alternative protein foods that is currently happening in Asia. According to Nestlé, the new facility has the capacity to produce 8,000 tons of plant-based food a year and will supply both foodservice and retail with the new Harvest Gourmet brand. Plant-based diet is now in vogue in Asia just like in many other parts of the world…

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Asia’s online food delivery expected to continue upward trajectory as Covid-19 continues to spread

GLOBAL – Lockdowns and other coronavirus-related restrictions provided a significant boost to online food delivery players in 2020. The surge in food delivery orders saw players hire more independent contractors as delivery couriers in an effort to cover more ground. In addition, cloud kitchens, which deliver straight from the kitchen to homes, also gained traction in Southeast Asia in the last one year. Food delivery platforms in all corners of the word experienced a surge in business, got higher valuations and attracted some of the largest investments in 2020. Although…

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Malaysian startup Food Market Hub raises US$4m to increase market share, expand into new markets

MALAYSIA – Food Market Hub (FMH), a Malaysia-based food and beverages (F&B) procurement and inventory management startup has announced it has secured US$4 million in Series A round of funding. FMH which raised the funds in a round co-led by Go-Ventures and US-based investment firm SIG plans to use the fresh capital to increase its market share in Malaysia. The company also has plans to later expand into markets including Indonesia, Thailand, and Vietnam. Founded in 2017 by Anthony See and Shayna Teh, the company offers a cloud-based platform that…

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Proterra partners Fidante to give European investors access to Asia’s US$4 trillion food industry

ASIA – Private equity firm Proterra Investment Partners has teamed up with global investment manager Fidante Partners to provide European investors with access to Asia’s thriving and resilient food sector which estimated to be worth US$4 trillion. Headquartered in Minneapolis, MN, USA, Proterra Partners has over US$ 3.2 billion of regulatory assets under management. Its subsidiary in Asia which is leading this partnership manages an existing portfolio footprint across Asia of over USD 1 billion and operates out of Singapore, Shanghai and Mumbai. Through the partnership with Fidante, Proterra will…

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Leading industrial silos manufacturers Symaga partners SCE Asia to open Singapore Office

ASIA – Symaga, a leading manufacturer of Industrial silos has partnered with SCE Asia to open a new office in Asia’s leading Technopolis Singapore. Symaga said that with the new office, it will be able to be closer with its customers and thus able to provide them with the services they need in the shortest period possible. Symaga’s trajectory in this market was consolidated in 2013 with its project to establish the first bulk port terminal in Indonesia. Fast forward to 2019 Symaga achieved another important milestone in Asia after…

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Coca-Cola European Partners eyes acquisition of Coca-Cola Amatil Limited

ASIA – Coca-Cola European Partners, the largest independent bottler of Coke by revenue, made a non-binding offer to acquire 69.2% shares of Coca-Cola Amatil in an effort to expand in the Asia-Pacific region. Coca-Cola Amatil (CCL), based in North Sydney, has a market value of about US$7.8 billion and is one of the largest bottlers of non-alcoholic ready-to-drink beverages in the Asia-Pacific region. The Australia based company is also one of the world’s five major Coca-Cola bottlers and its acquisition will give CCEP access to almost 300 million consumers in…

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