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Dated: 1 August 2008
According to RNCOS’ new report "Indonesian Food, Beverages and Tobacco Market Forecast till 2011", the country’s consumer expenditure on food, beverages and tobacco had grown at a CAGR of about 12% from 2003 to 2006.
The compound annual growth rate (CAGR) is forecasted at 7.7% for the period spanning from 2007 to 2011.
With the growing demand for health and energy drinks (that are included in soft drinks segment), sales of soft drinks in Indonesia is forecasted to grow at a CAGR of over 7% during 2007 to 2011.
The sale of bottled water in Indonesia had grown at a CAGR of 17% during 2001 to 2006.
Enhanced consumer awareness of fortified or healthy foods, rising affluence and uptake of western lifestyle has been fueling growth in demand for organic, processed and packaged foods and beverages.
The health food supplements market in Indonesia is expected to grow between 13% and 18% per year.
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(1 November 2008)
The surf is up for consumers to dictate market trends. Mintel predicts consumers will be in control of their spending in the light of economic uncertainty. ''People around the wor...
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(21 October 2008)
The latest RNCOS research report Emerging Organic Food Markets'' states that the organic food market is gaining a strong foothold in global food markets as the global population is...
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(20 October 2008)
In its latest report, Euromonitor International examines key opportunities for weight management ingredients in foods and beverages. Ingredients such as fiber, green tea extract an...
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(2 October 2008)
A consumer survey conducted by AFIC in five Asian countries shows that consumers are ready to accept benefits from biotechnology-derived foods. Genetically modified foods will most...
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(1 October 2008)
My friends in the industry have been excited lately about expanding their businesses in India. I share their sentiment. Despite the economic uncertainly worldwide, India shines as...
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(26 September 2008)
Independent research and advisory firm, Manufacturing Insights Asia/Pacific, an IDC company, says legislation is currently the main driver for manufacturing companies in the region...
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(1 September 2008)
Regional trade shows such as the Food Ingredients Asia 2008 in Bangkok, Thailand this month are reasons why companies would spend months preparing themselves for. These shows are l...
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(1 September 2008)
According to estimates by Dairy India, the size of the dairy market is expected to grow by more than double reaching Rs 5,20,780 crores ($122,825 million) by 2011. New opportunitie...
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Unilever's top executives had to baracade themselves in a private dining room at the Taj Mahal hotel in Mumbai last week to prevent themselves from being shot at by terrorists. They then had to smash a window and make a dramatic escape, according to a report in The Times.
A year after unveiling its e-commerce site, Meijer will now begin offering grocery and dry good items bought in bulk from www.meijer.com. Unlike existing online grocery services that charge a delivery fee, Meijer will offer free shipping for orders of US$150 and more.
Tesco's like-for-like sales, excluding petrol, rose by just two per cent rise in the UK for the third quarter, the lowest rise in growth since 1993. However, total group sales rose 11.7 per cent
thanks to strong international performance.
Carrefour will be opening two new stores in Romania. The French retailer entered the supermarket segment in the country by acquiring the 21-store Artima chain last year for €55 million. By the end of this year, 20 Artima stores will be rebranded as Carrefour Express.
Ten Russian food retail companies have asked state banks for a total of €1.4 billion in loans to help survive the global financial crisis. The companies include X5 Retail Group, Magnit, Dixy and Seventh Continent, as well as smaller rivals Lenta, Kopeika, O'key, Holiday, Mosmart and Victoria.
The Rewe Group has been given the go-ahead to takeover 328 Plus stores from Tengelmann in Germany. The German anti-trust body, Bundeskartellamt, has unconditionally approved the acquisition by the country's second-largest food retailer.
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