INDIA - Coca-Cola India has announced the launch of Thums Up Charged No Sugar, a new no sugar home-grown brand that the company says does not compromise on either taste or flavor. The flavor promotes moderation and offers customers a variety to choose from, that is regular, low-sugar and no-sugar options. The company said it…
INDONESIA - Azelis, specialty ingredients distributor and supplier has partnered with CP Kelco, a leading hydrocolloids producer to enhance accessibility of its diverse range of products and innovative services including carrageenan, pectin, gellan gum and xanthan gum products in Indonesia. The partnership strengthens existing agreements between the two companies in Europe, Middle East and Africa…
UK - GlaxoSmithKline plc, a a British pharmaceutical company has announced that it has reached an agreement with Novartis for the buyout of Novartis’ 36.5% stake in their Consumer Healthcare Joint Venture for US$13 billion. Norvatis, a Swiss multinational pharmaceutical company based in Basel, Switzerland said the joint venture was formed as part of the…
SINGAPORE- Singapore’s Temasek Holdings has co-led a $114-million convertible note financing round in Impossible Foods, a California-based startup that makes plant-based burger patties that taste like beef. The latest investment brings the startup’s total funding to nearly $400 million so far. Impossible Foods announced the successful closing of the investment, co-led by Shanghai- and Hong…
ASIA - PureCircle is expanding its portfolio of sweeteners made from stevia with new plant-based, non-GMO, GRAS approved range even as stevia application in the food and beverage sector continue to rise as high as 10% in 2017. The recent advances boost production to help meet demand for stevia, a sugar substitute containing many sweetener…
ASIA - The use of stevia as a substitute for sugar in snacks, juice drinks, soft drinks, dairy and confectionery has increased significantly, marked with a 10% increase in stevia leaf sweetener launches in the year 2017, report PureCircle, manufacturer of stevia sweeteners for the beverage and food industry. According to data by Mintel Group…
ASIA - According to the Foreign Agricultural Service of the USDA, rice and corn production in Thailand is predicted to reach a record 21million and 5.1million tonnes respectively in the year 2018-19. The higher figures reflect a 3% and 2-3% increase for rice and corn production from 2017-18 marketing year. Growth in production is expected…
ASIA - India’s wheat production is predicted to hit target of 100million tonnes this year given conducive climatic conditions witnessed especially during the grain ripening period. Farmers and scientists attributed the increase to favorable climatic conditions, availability of water, isolated cases of pest infestations in major wheat growing estates in the country, according to Blackseagrain…
ASIA - China’s bottle water growth is hindered by market saturation while retail volume sales continue to decline, according to the London-based market research firm, Mintel. According to the research, China’s bottled water sales volume growth fell from 5% in 2015 to 4.2% in 2017, and is predicted to fall further to 2.8% by 2021.…
ASIA - The Swiss maker of flavors and fragrances has opened a new culinary and discovery centre in Bangkok, Thailand to drive innovation creating fragrances and flavors for the world's most desirable brands. The innovation hub brings together a team of expertise from Firmenich including chefs, flavorists and food technologists, capitalizing on continued consumer demand…
