Bayer’s nutritional business declined for the past year due to a weaker market environment in China and South East Asia, the company said in its FY23 financial results.
Kao Corporation has entered into an agreement with Kirin Beverage Company Limited for the transfer of Healthya, a functional tea-catechin beverage brand, to focus its resources on other business areas to achieve its targets for FY2027.
Aussie brand Savvy Beverage has called out what it believes is the prevalence of highly priced functional beverages that contain inadequate beneficial ingredients, imploring greater honesty and transparency among companies to advance the emerging category.
The Chinese government’s new draft regulations governing the labelling of pre-packaged foods and beverages contains stricter guidelines, including mandating manufacturers to include clearer information on compound ingredients as well as more country of origin detail.
Japanese food and beverage giant Kirin Holdings has announced that it is implementing a fourth round of price hikes within the past 12 months in order to cope with current ‘difficult’ conditions, including production cost increases.