Asia is tipped to be the largest region for plant-based food consumption in the $21bn global finished product market by 2025 on the back of consumers’ ethical, health and environmental concerns, plus extensive product innovation.
The Asia-Pacific infant formula market size was valued at $11.4 billion in 2017, and is projected to reach $26.8 billion by 2026, with China, India and emerging South East Asian markets particular hotpots.
Many dairy companies and cooperatives have turned to R&D to improve profits, going beyond milk, yogurt and cheese, looking to create functional ingredients that can be added to a wide range of products.
Asia-Pacific’s active and sports nutrition was valued at $1.4bn in 2019, and is forecast to hit $2.3bn by 2023 as consumers increasingly prioritise health, wellness and fitness.
Asia continues to battle the double-burden of malnutrition and obesity, leading to projections that the reformulation market will rocket from $65bn today to $110bn by 2025 and the fortification sector will surge from $70bn to $125bn by 2030.
How can food brands deal with the challenge of meeting increased demand among consumers for products deemed ‘natural’ and that come with ‘cleaner’, ‘shorter’ labels, whilst also providing products with a full nutritional profile?
The APAC probiotics market is predicted to grow from $17.5bn in 2018 to more than $25bn by 2025, while the prebiotic market is set to enjoy almost double-digit CAGR over the period, as benefits far beyond digestive health are more widely understood.
By 2050 there will be 1.3 billion people over the age of 60 in APAC, up from around 650 million today, with vast gains predicted for products that help boost immunity, bone, joint, muscle, cognitive, heart, skin, eye and digestive health.
Salt reduction offers an important opportunity to improve population health. So what is the industry doing to combat our addiction and prove it is worth its salt?
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A panel of experts will join FoodNavigator to discuss the tests that plant-based proteins now face. Among them are the challenges manufacturers face to provide consumers with better products, with improved taste and texture, to see repeat buying from...
No doubt, plant proteins are here to stay. The plant-based categories are growing at an incredible fast pace, driven by consumers highly conscious of the impact of their diet on their health and environment. However, expectations are high and consumers...
Foods featuring plant-based proteins have seen recent growth that most categories can only wish for. Consumers around the world are clamouring for such products and for good reason – they have the potential to be sustainable, ethical, and healthy. Join...
The plant-based food market is hugely dynamic and changing rapidly as consumers needs and attitudes towards plant-based foods evolve. Whether you are looking to get started or looking to grow further, consumer needs must lead and drive your product development...
