Insect alternative protein, dairy development in China, ASEAN kombucha growth and more

Cricket challenges: Can format innovation help Asia’s insect-based snack industry go global?​​

Thai insect-based brand Cric-Co believes that there is a large potential market for insect-based snacks, both in its domestic market and in international markets, but it is essential that they are in formats that resonate with mainstream consumers.

Although entomophagy – or the eating of insects – is known to be part of many traditional diets in various Southeast Asian countries, it remains mostly limited to frying the whole insect and selling it. on roadside stalls, with little opportunity for branding or appeal to a wider, more modern public as a mainstream food product.

Interestingly, despite a longer history in this region, innovation and modernization of insect consumption has been gaining momentum somewhat faster in Western markets, gaining appeal as a more sustainable alternative source of protein than proteins of animal origin.

Grassland dairy financing: Yili and Mengniu support bid to make Inner Mongolia a major hub

The local government of Inner Mongolia Autonomous Region has allocated specific funding for the development and revitalization of the dairy industry in the region, with the aim of working with local dairy giants Yili and Mengniu to maximize its potential.

The Inner Mongolia Autonomous Region is home to big dairy names such as Yili and Mengniu, as it is mostly grassland, making it a very suitable place for establishing dairy farms.

Recently, the local government of the region decided to formalize plans to develop a dairy hub there, based on the large volume of dairy business already underway, and allocated a total of 348 million yuan ($52 million ) to do this.

“The various financial departments at all levels in the Inner Mongolia Autonomous Region have set up [these funds] to subsidize dairy farms here and promote the revitalization of the local dairy sector, especially the local government which provided 290 million yuan in subsidies,”said the Dairy Association of China (DAC) via an official statement.

Brewing with a local twist: ASEAN kombucha market primed for growth due to sanitary requirements

Southeast Asia kombucha market is poised to experience explosive growth over the next few years owing to a significant rise in consumer health awareness and demand for immunity-boosting beverages on various markets.

Singaporean kombucha company Forrest Brew says “now is the time” for kombucha to really make a name for itself in the region, where various brands have popped up but the industry is still on the verge of really coming out. to be a niche. Category.

“If you mention kombucha in places like Australia or the United States, there’s no need for further explanation and it’s pretty much everyone’s favorite brand – the industry n It’s not as mature here in Southeast Asia, but we’re definitely seeing signs that it’s picking up significantly,”Forrest Brew co-founder Clara Chan said FoodNavigator-Asia​.

Green is gold: Mondelez explains why sustainability drives economic profitability in the food industry

Global snacking giant Mondelez says sustainability in business operations is far more important for food and beverage companies to achieve economic profitability than popular opinion currently dictates, urging companies to think long-term.

Although sustainability has become a major trend and buzzword in the APAC food and beverage industry over the past few years, many start-ups and large food companies have jumped on the bandwagon to appeal to consumers. consumers based on product innovations and/or sustainable packaging, there are still many companies that have yet to embrace the movement wholeheartedly due to cost concerns, particularly in Asia.

This issue was highlighted in a high-level discussion at the recent Tax Free World Association (TFWA) APAC Live event in Singapore, and discussed in depth by Mondelez World Travel Retail Managing Director, Jaya Singh, who pointed out that it’s mostly misconceptions that hold people back.

“If you look at the economy of the world we live in, every industry is based on value creation, and although price revenue [are the most obvious] multiple in the equation, it is important to realize that this multiple – which ends up boosts stock value, enterprise value and shareholder value – also depends on several factors,”Singh said to the ground.

Innovation madness: Thailand’s Sesamilk on expanding dairy alternatives and calls for government support for SMEs

Thai company Sesamilk is planning a major expansion of its dairy alternative portfolio, while also calling on the government to provide more taxation and financial support to SMEs to accelerate growth.

When we last spoke to Sesamilk last year, the Thai company had just started exporting to markets such as China, Taiwan, Hong Kong, Japan, Macau and Vietnam from just two products. – white and black sesame milk.

Less than two years later, it has expanded its reach to several other markets such as Singapore, Malaysia and the United States, and is now working to significantly expand its product portfolio to cater to even more consumers and markets.

“We are a sesame specialist and have no plans to change that, so our new product development will be focused on a more vertical path,”Sesamilk CEO Siripen Suntornmonkongsri said FoodNavigator-Asia