Vietnam is one of the countries with the highest growth potential leading up to 2050, with a population of about 98.5 million (2021) and a projected economic growth rate of around 6% from 2023 onward, according to the World Bank. In particular, the yogurt market is growing at an average[Read More…]
Finance
Yili Recorded a Total Revenue of RMB 93.9 billion over Q1–Q3 FY2022
Yili manages to maintain solid growth amid the pandemic demonstrates the dairy giant’s strong resilience. Both Yili and the industry will expect rapid growth as soon as the macroeconomic environment recovers. Yili Group recorded a total revenue of RMB 93.861 billion (USD 12.94 billion) over the first three quarters of[Read More…]
CoCo Fresh Tea & Juice Announces Expansion Throughout the United States
CoCo Fresh Tea & Juice aims to create a diverse and sustainable community for its consumers by providing visually refreshing products. Leading boba tea brand, CoCo Fresh Tea & Juice, has announced its plans to expand throughout the United States amidst growth. Since the 2011 opening of its first store in New York,[Read More…]
Kerry Group partners with Concern Worldwide to Support Kenyan Farmers
Kerry Group, the world’s leading taste and nutrition company, and Irish humanitarian organisation Concern Worldwide today announced a four-year partnership that aims to improve the lives of 46,000 Kenyans by providing access to climate-smart agricultural practices. They will collaborate to improve food security, boost household income and reduce malnutrition levels[Read More…]
Nestlé plans to acquire the Seattle’s Best Coffee brand from Starbucks.
Nestlé bolsters North American coffee business with acquisition of Seattle’s Best Coffee This transaction is part of Nestlé’s focus on driving sustained profitable growth in the coffee category and strengthens the Global Coffee Alliance by allowing both companies to focus on their core strengths. Seattle’s Best Coffee’s approachable line of[Read More…]
Brand Finance Declared Vinamilk as “The 6th Most Valuable Dairy Brand” in Vietnam
Vietnam’s leading dairy manufacturer has reached a new milestone by being ranked 6th position in the Top 10 Most Valuable Dairy Brands by Brand Finance. The US$2.8 billion valuation this year sees an impressive 18% increase as compared to 2021, reaffirms Vinamilk’s leading position. Specifically, in the dairy segment, the brand was ranked[Read More…]
Pizza Hut Partners with Beyond Meat™ to Launched Plant-Based Meat Pizza in Asia
Pizza Hut Singapore, the nation’s leading pizza restaurant, is once again breaking new ground with the launch of Cheesy 7 Beyond™ Supreme, a plant-based version of one of its best-selling creations – the Cheesy 7 Pizza. Pizza Hut partnership with Beyond Meat™, a leader in plant-based meat, the Cheesy 7 Beyond™[Read More…]
Equinom, AGT Foods collaborate to create plant-based protein ingredients
Equinom and AGT Foods reached an agreement to accelerate the development, validation and commercialization of co-branded functional ingredients produced from Equinom ultra-high protein yellow pea varieties. Equinom, the food tech company on a mission to cultivate better food from the ground up, and AGT Food and Ingredients Inc. (AGT), one[Read More…]
NewFish with Sophie’s Bionutrients to Accelerate Innovation in Microalgae
This collaboration will span global value chains, including shared research and development, co-development of microalgae strains, ingredients supply for manufacturing, and commercializing new food and alternative dairy solutions. Sophie’s Bionutrients and NewFish®, two pioneers in the field of microalgae protein fermentation, with the support of New Zealand-based marine research powerhouse, Cawthron[Read More…]
USDA provides nearly $2B funding to food banks and school meal programs
The investment is part of the Department’s broader commitment to strengthening the supply chain and making nutritious food more accessible for families. The U.S. Department of Agriculture announced that it will provide close to $2 billion in additional funding to food banks and school meal programs for purchasing American-grown foods.[Read More…]
