Nestle has committed to focus on plant-based product localisation, sustainability and affordability as key focus areas for its Asia Pacific businesses on the back of the region posting near flat-growth as a result of poor performance in China.
The firm revealed in its 2020 Full Year Results announcement that its businesses in Zone Asia, Oceania and sub-Saharan Africa (AOA) had seen overall organic growth of just 0.5%, with sales decreasing by CHF 1.4bn (US$1.6bn) to CHF 20.7bn (US$23.1bn) in 2020, from CHF22.1bn (US$24.6bn) in 2019.
“Growth numbers in APAC were mostly impacted only by China, where we faced some specific issues such as our exceptionally high exposure in that market to the Out-Of-Home category which was severely hit by COVID-19, as well as Chinese consumers not stockpiling food supplies at home in contrast to what was seen in most other markets,” Nestle CFO Francois-Xavier Roger said in response to queries from
WATCH – Colour revival: What can we expect from make-up recovery post-pandemic? By Amanda Lim In this episode of Beauty Broadcast we discuss the future of APAC’s make-up category as it recovers from the COVID-19 downturn, with expert insights from SUGAR Cosmetics and Asian Consumer Intelligence.
Just a few years ago, the make-up category was thriving in Asia Pacific, where millions of people in markets like China, Indonesia and India were picking up new skills from platforms like Instagram and YouTube and eager to try them on themselves.
When it became the norm to stay indoors and wear a protective face mask out, the need for make-up decreased dramatically and the rapid acceleration of category took a nosedive.
APAC’s cannabidiol (CBD) and hemp sector is expected to progress rapidly over the coming years, especially in India, China and Australia where they are approved for food use, although many other nations are still wary of granting the regulatory go-ahead.
This is why in this edition of the FNA Deep Dive, we take a closer look at the CBD and hemp industry from a food and nutrition perspective, and how APAC firms are producing products such as beverages, edible oils, meat alternatives, spreads and more.
The rapid growth of this industry is expected to be propelled by the growing number of vegans in the region and rising health consciousness due to hemp and CBD’s nutritional benefits, and the industry as a whole is expected to grow some 28.6% to hit US$22.9bn by 2027.
Wolfberry, also known as Goji Berry or Fructus lycii, is being touted as a credible dietary supplement for maintaining eye health, particularly in preventing or delaying common retinal diseases among the ageing population.
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Sniffing out opportunities: Aman turns attention to fragrance, skin care and supplement range amid COVID-19 travel restrictions By Guan Yu Lim Luxury hotel and resort group Aman has shifted focus to further develop its fragrance, skin care and dietary supplement range amid prolonged travel restrictions imposed by COVID-19.
Aman Fine Fragrance was its latest line launched in December 2020. It consists of five fragrances in the collection, inspired by locations such as Thailand, Indonesia, Italy, Morocco and US (New York).
The company expects to launch two scents this Spring, inspired by Aman’s destinations at Amangiri (Utah, US) and Aman Tokyo.