After 10 years of investing in New Zealand dairy through a third-party processor, Olam Food Ingredients (ofi) has now set up its own dairy ingredients supply and manufacturing operations in the APAC country’s dairy heartland.
DairyReporter recently visited the biennial tradeshow that took place in Cologne, Germany. Here, we bring you the first of a series of articles dedicated to the trends we spotted, starting with functional dairy.
The company is pivoting its dairy-derived early life nutrition ingredients into a portfolio designed to enhance the nutritional value of products aimed at children aged 3 and up.
The ingredients specialist hails ‘milestone moment’ that will strengthen its regional presence and allow it to further focus on high-growth categories such as RTD beverages, premixes and blending lines.
The New Zealand co-op forecasted improved margins across consumer and foodservice channels for FY24 and said there were indications that demand for milk powders will begin to return from early 2024.