The APAC food and beverage industry witnessed significant developments in 2024, from Nestlé’s innovative coffee products in Vietnam to Indonesia’s revised food packaging regulations and China’s tariff removal on New Zealand dairy. These stories highlight key trends, challenges, and opportunities shaping the region’s food sector.
Insights & Strategic Moves:
Nestlé’s Coffee Innovation in Vietnam: Nestlé launched ready-to-drink coffee liquid capsules, capitalizing on Vietnam’s growing demand for convenient beverages.
India’s Spice Industry Scandal: Experts called for stricter regulations and quality control measures to restore trust after contamination scandals rocked the industry.
Indonesia’s Food Packaging Reforms: New regulations aim to address public concerns over PFAS chemicals in food packaging, with a focus on protecting children and families.
APAC Food Trends: Key trends included affordable premium products, plant-based protein innovation, and the ongoing debate over the EU’s deforestation-free regulations (EUDR).
South Korea’s Label-Free Packaging: A new QR code system for bottled water aims to reduce label waste and improve recycling efficiency.
Future Outlook:The APAC region is poised for continued growth and innovation, with opportunities in sustainable dairy exports, plant-based foods, and regulatory advancements. However, challenges such as antibiotic misuse in livestock and supply chain disruptions remain critical concerns.
2024 has been a transformative year for the APAC food and beverage industry, marked by innovation, regulatory shifts, and a focus on sustainability and consumer safety.
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