Purchasing patterns: Packaged foods lead Chinese consumer spending in 2022
The China Shopper Report 2023, written by Kantar Worldpanel and Bain & Company, highlighted that 2022 was a year of massive growth for the packaged foods industry in China which displayed a strong 6.3% growth throughout the year, the highest increase seen over the past four years.“Growth was driven by both volume increases (3%) and
Low protein, significant nutritional differences noted in plant-based beverages – China study
They have also pointed to significant differences in nutritional value across products and have urged consumers to carefully check labels.There has been an increasing prevalence of plant-based consumption in China due to health and environmental reasons, so researchers at Tsinghua University, China, wanted to investigate the nutritional composition, fortification, and additives of plant protein beverages.Between
‘Large brand, small awareness’: Nestle China banks on consumer confidence and core capabilities to overcome major dairy challenges
Although Nestle is one of the largest food and beverage companies in the world with one of the most extensive product portfolios, the firm is still facing significant challenges in the vast China market when it comes to its dairy business.“Nestle faces two major challenges in China, the first being market penetration,” Nestle Greater China
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Leveraging luxury: Diageo sees rising demand for premiumisation as key APAC alcohol market growth driver
Diageo is the owner of many renowned alcoholic brands such as Johnnie Walker whiskey, Tanqueray gin and Guinness beer worldwide, and with its global outlook has now zeroed in on the Asia Pacific market as a key one for growth opportunities.According to Diageo President, Asia and Global Travel John O’Keeffe, APAC makes up some 20%
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