Food & beverage

/Food & beverage
Food & beverage 2017-11-24T09:32:47+00:00

Asia to dominate global grocery market growth

Asia is set to dominate growth in the global grocery market for the next five years, according to a report by international research organisation IGD.

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Alibaba, Auchan, Sun Art partnership in China food foray

A new Alibaba, Auchan, Sun Art partnership will further strengthen Alibaba’s efforts to integrate online and offline, say analysts.

China’s Alibaba Group Holding, France’s Auchan Retail and Taiwan’s Ruentex Group have formed a strategic alliance to bring together their online and offline expertise to explore opportunities in China’s food-retail sector.

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CHINA’S FAST-MOVING CONSUMER GOODS SALES GROWTH REBOUNDS: REPORT

CHINESE consumer spending on fast moving consumer goods in the second quarter grew 4.6 percent from a year ago, up from 2 percent in the first quarter, according to a recent report.

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CHINA’S HUNGER FOR IMPORTED FOOD AND BEVERAGE CONTINUES TO GROW

No. 1 task facing Beijing’s leaders: feeding 1.4 billion people. China’s recent slowdown haven’t dampened China’s appetite for imported food. Rising incomes are only one of the forces stoking China’s demand for imported food.

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BY 2015, CHINA WILL BE THE WORLD’S LARGEST CONSUMER OF PROCESSED FOOD

In China, the traditional diet of vegetables, rice, noodles, and small portions of meat—a diet hailed as one of the world’s healthiest — is disappearing. Chinese people are eating more Western food, more meat, and on top of that—more packaged, on-the-go food that comes with additives, artificial flavoring and other chemicals.

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SAFER FOOD IN CHINA MEANS A HEALTHIER ECONOMY

Indeed, food safety has become a major concern of ordinary Chinese, especially in the past few years. By late last year, Pew Research’s Global Attitudes Project found that 41 per cent of urban Chinese believed food safety to be a ‘very big problem’, more than three times higher compared with 2008 and now at similar levels to other widespread concerns such as corruption and inequality.

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GROCERY MARKET IN CHINA GROWING 4.4% IN 2015

The grocery market in China is growing at 4.4 percent, one percentage point below the 2014 annual value growth and far below the 7.4 percent growth recorded in 2013, a recent report from Kantar Worldpanel reveals.

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APAC TO ACCOUNT FOR A THIRD OF GLOBAL F&B INDUSTRY IN 2014

The Asia Pacific region’s food industry is one of the fastest growing and is expected to hold a 33% market share in the global food and beverage market in 2014.

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