Ralf Schäffer, executive director at Sollich, gives his opinion on which ingredients and consumer demands will continue to be popular this year.

No longer considered a niche segment, the global Islamic economy is estimated to be at US$1.9 trillion, according to Thomson Reuters. Halal food and beverages were worth US$1.2 trillion and is predicted to rise to US$1.9 trillion by 2021, representing a significant portion of Muslim consumer spending.

Growing at an annual rate of almost 24 percent since 2011, the functional drinks market in China was worth over US$9.1 billion in 2015 when compared to US$3.9 billion in 2011, according to a report by Research & Markets.

Global UHT milk market is predicted to grow with a compound annual growth rate of 14 percent, with Asia-Pacific witnessing the fastest growth at compound annual growth rate of 20.6 percent until 2020.

Value-conscious German consumers are still on the lookout for the best deals in bakery and cereals. To avoid price wars and encourage consumers to trade-up, manufacturers need to more effectively meet consumers’ desire to treat themselves.

APFI About Us

Asia Pacific Food Industry (APFI) is Asia’s leading trade magazine for the food and beverage industry. Established in 1985, APFI is the first BPA-audited magazine and the publication of choice for professionals throughout the industry with its editorial coverage on the latest research, innovative technologies, health and nutrition trends, and market reports.

Asia Pacific Food Industry is published by Eastern Trade Media Pte Ltd. The company owns numerous trade and consumer titles, including Asia Pacific Metalworking Equipment News and Industrial Automation Asia.


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