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Category: Food

Retail News Asia is committed to providing both local and global retailers with the latest Food and Food & Beverage news throughout the Asian market. This on a daily base.

  • Steggles Launches New Flavours In Tenders Range, Exclusively At Woolworths

    Steggles Launches New Flavours In Tenders Range, Exclusively At Woolworths

    Steggles, a renowned poultry brand, has announced the introduction of two unique flavours to its popular Steggles Tenders line. These new offerings will be available exclusively at Woolworths locations starting next week.

    Inventing New Flavours

    The upcoming additions to the Steggles Tenders range are Sweet & Spicy and Korean Style. Both these flavours have been carefully created using 100% chicken tenderloins. Not only are these new variants bursting with taste, but they also come with a 4-star health rating, making them a healthier choice for consumers.

    These new products uphold Steggles’ commitment to quality and health. They are free from artificial flavours and colours, and they contain no added preservatives or hormones. The new Sweet & Spicy and Korean Style Steggles Tenders will be available in 600g packs.

    Prioritising Convenience

    Steggles is not just focused on taste and health; the brand also prioritises consumer convenience. The new chicken tenders can be prepared in just 25 minutes, making them an ideal choice for individuals and families seeking quick, healthy, and tasty meal options.

    Steggles was bought by Baiada in 2009. Since then, it has continued to provide fresh, chilled, and frozen chicken and turkey products to its loyal customer base.

    Questions & Answers

    What are the new flavours introduced to the Steggles Tenders line?
    The new flavours introduced to the Steggles Tenders line are Sweet & Spicy and Korean Style.

    What is the health rating of the new Steggles Tenders flavours?
    The new Steggles Tenders flavours carry a 4-star health rating.

    What is the commitment of Steggles towards the health of its consumers?
    Steggles is committed to providing healthier food options. Their products are free from artificial colours and flavours and do not contain any added preservatives or hormones.

  • Heineken Unveils Resource-efficient Five-year Strategy Amidst Industry Challenges

    Heineken Unveils Resource-efficient Five-year Strategy Amidst Industry Challenges

    Heineken, the Dutch brewing giant, has announced an ambitious five-year strategy that aims at utilizing fewer resources to generate more growth. The strategy will concentrate on specific markets and brands to maximize organic net revenue growth. The company anticipates seeing mid-single-digit growth each year leading up to 2030.

    Changing Course Amid Uncertain Times

    In response to a rapidly evolving global landscape, Heineken is looking to fortify its future operations. The company plans to establish a more robust operating model, optimize efficiency, and enhance its adoption of artificial intelligence. This new direction comes in the wake of a series of challenges for Heineken, including the economic impact of the Covid-19 pandemic, rising inflation, and recent tensions arising from US trade policies.

    At an investor event, CEO Dolf van den Brink admitted that the company’s performance has been inconsistent. He expressed dissatisfaction with the current state of affairs and emphasized the company’s aspiration to improve and grow.

    Refocusing on Key Markets and Brands

    Heineken has identified 17 key markets, including Mexico, Malaysia, Spain, and the UK, where it aims to expand its presence. The company will target these markets for potential acquisitions and will focus on five global brands and 25 strong local labels. The markets, along with brands such as Heineken, Tiger, Amstel, Desperados, and Birra Moretti, will receive enhanced resources.

    Investors have suggested that Heineken has been lagging behind competitors, notably Anheuser-Busch InBev, which is recognized for its efficient operations. While Heineken’s shares have seen a modest increase of around 3% this year, its competitors’ shares have seen more substantial growth.

    The brewing company expects organic operating profit to outpace revenues under its revised strategy. It also anticipates earnings per share to grow commensurately or exceed that rate, and aims for over 90% free-cash conversion. The company’s profits will be bolstered by a pre-existing target of achieving up to 500 million euros (US$583 million) in annual gross savings by 2025.

    Industry-Wide Challenges and Adaptation

    Heineken shares experienced a minor slump recently, dropping almost 2% before recovering slightly. This comes after a warning from the company about a potential decrease in beer sales in 2025, following weak third-quarter sales in Brazil and Europe.

    Broadly, the brewing industry is grappling with challenging economic conditions and weak consumer confidence. Additionally, longer-term issues such as increasing health warnings, emerging competitors, and changing consumer preferences pose significant challenges.

    To adapt to evolving consumer demands, Heineken plans to expand its low- and no-alcohol offerings. The company recognizes that some consumers are reducing alcohol consumption due to health concerns and the rise of weight-loss drugs, and is taking proactive steps to accommodate this trend.

    Questions & Answers

    What is the key focus of Heineken’s new strategy?
    The primary focus of Heineken’s updated strategy is to generate more growth while utilizing fewer resources, focusing on specific brands and markets.

    How does Heineken plan to adapt to changing consumer trends?
    In response to changing consumer preferences, Heineken plans to expand its range of low- and no-alcohol products.

    What are some challenges Heineken anticipates in the brewing industry?
    Heineken expects to grapple with difficult economic conditions, weak consumer confidence, health warnings, and changes in consumer behavior, along with new entrants in the market.

  • Lebron James And Hennessy Unveil Limited-edition Cognac, Amplified By Global ‘second Decision’ Campaign

    Lebron James And Hennessy Unveil Limited-edition Cognac, Amplified By Global ‘second Decision’ Campaign

    Renowned cognac producer, Hennessy, and NBA icon LeBron James have joined forces to unveil a fresh, limited-edition cognac. This collaborative effort comes in the wake of their partnership established just a year ago.

    The LeBron James-Hennessy Collaboration

    The new cognac, labelled Hennessy VSOP by LeBron James, takes its creative cues from the basketball star’s dynamic on-court style. The bottle is adorned with a striking orange design that mirrors LeBron’s energetic persona. It also embodies his signature “crowning” gesture, which holds significant personal meaning for the sports legend.

    LeBron James explained that the first collection between the two giants revolved around a mutual pursuit of excellence and pushing boundaries. He sees this latest limited edition as a continuation of that shared story. He further pointed out that the design incorporates his ‘crowning’ gesture, a symbol of celebration and connection for him.

    The Second Decision: A Global Campaign

    The cognac’s launch is being amplified by a worldwide campaign titled ‘The Second Decision.’ This campaign makes a playful reference to LeBron’s 2010 interview famously known as ‘The Decision.’ The campaign reinterprets the event in a humorous light, emphasizing LeBron’s deep involvement in this venture.

    Vincent Montalescot, the CMO at Hennessy, expressed that the collaboration with LeBron James was an intuitive choice. This was due to the shared values between the brand and the basketball superstar. He noted, “LeBron James is a cultural figure whose influence extends beyond sport. He reflects a spirit of collaboration and social connection, values that align with Hennessy’s.”

    Questions & Answers

    What is the inspiration behind the design of Hennessy VSOP by LeBron James?
    The design of Hennessy VSOP by LeBron James is inspired by the dynamic playing style of the basketball superstar. It also includes his signature “crowning” gesture, which stands for celebration and connection.

    What is the name of the global campaign supporting the launch of the new cognac?
    The global campaign bolstering the launch is titled ‘The Second Decision,’ referencing LeBron’s infamous 2010 interview, ‘The Decision.’

    Why did Hennessy choose to partner with LeBron James?
    Hennessy chose to partner with LeBron James because he embodies a spirit of collaboration and social connection, values that align with those of the brand. Furthermore, his influence extends beyond the realm of sports, making him a significant cultural figure.

  • Chagee Holdings Stands Firm On Premium Pricing Amid Falling Sales And Rising Competition

    Chagee Holdings Stands Firm On Premium Pricing Amid Falling Sales And Rising Competition

    Chinese beverage company Chagee Holdings is maintaining its focus on premium products, even in the face of falling sales and profits as customers turn to more affordable competitors. The company’s co-founder, Shang Xiangmin, stated in a recent interview, “We haven’t been fully engaged in the price wars. Price wars may be a way to compete but we want to stick to our long-term strategy to build a premium brand.”

    Unchanged Pricing Strategy Amidst Competition

    Despite the growing competition from domestic companies like Luckin Coffee and Mixue Group, who are offering subsidized, deeply discounted beverages, Chagee Holdings remains firm on its pricing strategy. These competitors have teamed up with China’s tech giants to sell drinks at a fraction of Chagee’s price.

    Chagee’s flagship store in Hong Kong is experimenting with a new selection of drinks made from premium Chinese tea leaves. These drinks are brewed in-store by specialists and are sold at prices that are on par with single-origin coffee sold at Starbucks Reserve outlets in the city, ranging from HKD40 to HKD50 (US$5.2-6.4).

    Second Quarter Sales and Future Outlook

    The company’s adherence to its pricing strategy has seen second-quarter sales growth slow to 10%, down from 35% in the previous period. Adjusted operating income has also dropped by 10%, compared to the double-digit increases seen in the first quarter. This weak performance has wiped out nearly a quarter of its market value. Despite this, the company remains optimistic and is not deterred by the decrease in competitiveness. Chagee has decided to follow a development path similar to that of American coffee giant, Starbucks.

    “We’ve always wanted to go down the same path to take tea further,” said Shang, comparing Chagee’s ambitions to those of Starbucks.

    Expansion Plans

    Chagee opened its first U.S. store in Los Angeles in May, following its debut on the Nasdaq. The company operates more than 200 international outlets as part of its network of over 7,000 stores. It reported a 70% jump in overseas sales in the second quarter, with Southeast Asia being a key target for expansion.

    Questions & Answers

    What is Chagee Holdings’ strategy in the face of competition?
    Despite falling sales and profits, Chagee Holdings is maintaining its focus on premium products and has not engaged in price wars with its competitors.

    What are some of the offerings at Chagee’s flagship store in Hong Kong?
    The flagship store in Hong Kong offers drinks made from premium Chinese tea leaves, brewed in-store by specialists, and priced similarly to single-origin coffee at Starbucks Reserve outlets.

    What are Chagee’s future plans for expansion?
    Chagee plans to follow a development path similar to that of Starbucks. The company recently opened its first U.S. store in Los Angeles and is targeting Southeast Asia for further expansion.

  • El Toro Unveils Pocket Cocktails: Portable, Premium, And Playfully Packaged

    El Toro Unveils Pocket Cocktails: Portable, Premium, And Playfully Packaged

    El Toro Tequila, a revered liquor brand, has recently unveiled a new line of compact, ready-to-drink cocktails, ingeniously designed to fit conveniently into a pocket. This innovative creation, aptly named ‘Pocket Cocktails’, offers a simple, portable, and engaging option for alcohol consumers on the move.

    The Pocket Cocktails line currently encompasses two distinct flavors. The first being ‘Emergency Margarita’, which is a classic margarita mix, while the second, ‘Pocket Paloma’, marries the flavors of blanco tequila and Bickford’s grapefruit cordial into a delightful blend.

    Michael Newbold, the Senior Brand Manager at Vok Beverages, emphasized their intent to simplify the cocktail-making process for the public. He suggested unconventional yet feasible alternatives for cocktail shakers, such as ice combined with a used mason jar or protein shaker, specifically for the Emergency Margarita.

    Even though the Pocket Cocktails’ packaging may denote a fun and light-hearted approach, Newbold reiterated their commitment to quality, stressing that these beverages are created with premium ingredients and meticulous craftsmanship. He underscored the seriousness with which they approach their drinks, despite their playful appearance.

    The innovative El Toro Pocket Cocktails are retailing for an RRP of $15 each and can be found at Dan Murphy’s stores across the country and selected BWS outlets.

    Questions & Answers

    What is the concept behind El Toro’s Pocket Cocktails?
    The Pocket Cocktails are designed as a fun, easy, and portable alternative for drinkers on the go.

    What flavors are currently available in the Pocket Cocktails range?
    The range currently offers two flavors, namely ‘Emergency Margarita’, a classic margarita mix, and ‘Pocket Paloma’, a blend of blanco tequila and Bickford’s grapefruit cordial.

    How can the Emergency Margarita be prepared without a cocktail shaker?
    If a cocktail shaker is not available, alternatives such as a mason jar or protein shaker filled with ice can be used instead.

  • Papa Salt And Fever-tree Launch Citrus-forward Spritz For Warmer Climates

    Papa Salt And Fever-tree Launch Citrus-forward Spritz For Warmer Climates

    Papa Salt Coastal Gin, an Australian gin brand, has joined forces with Fever-Tree Australia to introduce a new ready-to-mix beverage, Papa Salt x Fever-Tree Blood Orange Spritz. This enticing drink marries Papa Salt’s signature gin with Fever-Tree’s Blood Orange Soda to create a citrus-centric beverage that is ideally suited for warmer climates.

    Papa Salt x Fever-Tree Blood Orange Spritz

    This innovative product will be made available to the public at the end of the month at various independent retailers and venues. The drink aims to fill a gap in the market for a citrus-forward beverage that’s perfect to enjoy in warmer weather.

    Papa Salt Coastal Gin

    Papa Salt is a gin brand that was conceptualized and brought to life by five friends from the film industry. The brand particularly emphasizes the unique and subtle flavors of native Australian botanicals, making their gin distinct and palatable.

    Fever-Tree Brand

    Fever-Tree, a UK-based brand, has been in operation since 2005. The brand’s area of expertise lies in the creation of superior carbonated mixers for alcoholic spirits. Over the years, Fever-Tree has carved out a name for itself globally, and its products are distributed in over 75 countries across the globe.

    Earlier this year, Fever-Tree initiated a manufacturing collaboration with Remedy Drinks in a Melbourne facility. The main objectives of this collaboration were to increase the efficiency of the supply chain and lessen the production time. Additionally, it aimed to support the local industry, all while ensuring and maintaining the high quality of the ingredients and flavors in its products.

    Questions & Answers

    What is the new product launched by Papa Salt and Fever-Tree?
    The new product launched is a ready-to-mix drink called Papa Salt x Fever-Tree Blood Orange Spritz. It’s a mix of Papa Salt’s gin and Fever-Tree’s Blood Orange Soda.

    Who founded Papa Salt?
    Papa Salt was founded by five friends from the film industry.

    What was the purpose of Fever-Tree’s partnership with Remedy Drinks?
    Fever-Tree partnered with Remedy Drinks to commence manufacturing in Australia. The goal was to improve supply chain efficiency, decrease production time, and support the local industry while keeping the quality of product ingredients high.

  • Kinder Takes On Australia’s Ice Cream Market With New Chocolate Ice Cream Bar

    Kinder Takes On Australia’s Ice Cream Market With New Chocolate Ice Cream Bar

    The beloved confectionery brand Kinder has announced its expansion into the ice cream sector with the unveiling of Kinder Chocolate Ice Cream. This new addition to their product line will be accessible in leading supermarkets throughout Australia, commencing late this month.

    Introducing Kinder Chocolate Ice Cream

    The launch of Kinder Chocolate Ice Cream in Australia marks a milestone for the brand, as it is the first time the company has introduced an ice cream variant of its signature chocolate in the country. The unique frozen treat is designed to mimic the familiar Kinder chocolate bar. It is presented in a convenient, single-serve 55mL size, perfect for individual consumption.

    The ice cream bar boasts a milk-flavored ice cream core, encased in a smooth white coating, with a layer of rich milk chocolate adorning the tip. Consumers can purchase the product individually or opt for a four-pack, which is priced at $11.

    Meeting Australian Consumer Demand

    Azzurra Purricelli, a representative of Ferrero Australia, expressed the company’s enthusiasm for the launch, acknowledging Australians’ penchant for Kinder products. She said, “We understand the special affection Australians have for Kinder, and we couldn’t be more thrilled to introduce that signature taste to the ice cream aisle.”

    Purricelli goes on to describe how Kinder Chocolate Ice Cream encapsulates the fun, joy, and quality people associate with Kinder, in a form that is ideal for enjoying on warm Australian days.

    The decision to venture into the frozen dessert market follows Kinder’s recent collaboration with Paramount, resulting in the launch of a Paw Patrol-themed chocolate egg collection. This move represents part of a larger strategy to diversify Kinder’s product portfolio in Australia.

    Questions & Answers

    What is the significance of the Kinder Chocolate Ice Cream launch in Australia?
    This launch marks Kinder’s first foray into the ice cream market in Australia, marking a significant expansion of their product offerings in the country.

    What are the attributes of the new Kinder Chocolate Ice Cream?
    Kinder Chocolate Ice Cream has a milk-flavored ice cream center, a white coating, and a layer of milk chocolate at the tip. The product is available in a single-serve 55mL size and is also sold in a pack of four.

    What recent partnerships has Kinder formed to expand its product line in Australia?
    Kinder recently collaborated with Paramount to launch a range of Paw Patrol-themed chocolate eggs, indicating the brand’s broader initiative to diversify its product line in Australia.

  • Coca-cola Q3 Report: Revenue Boost Amid Challenging Market, Category & Regional Performance Explored

    Coca-cola Q3 Report: Revenue Boost Amid Challenging Market, Category & Regional Performance Explored

    In the third quarter, Coca-Cola revealed a 5% increase in net revenue, rising to $19.2 billion. Their organic revenue also observed a 6% increase during this period.

    Challenging Market Conditions

    James Quincey, the Chairman and CEO of Coca-Cola, acknowledged the challenging market conditions, yet credited the company’s impressive performance to their diverse beverage portfolio and the unique strengths of their franchise model.

    Growth Across Regions

    Unit case volume increased by 1% during the third quarter. This growth was driven by increasing sales in specific regions such as Central Asia, North Africa, Brazil and the UK.

    Category Performance

    The performance varied across the different beverage categories. Sparkling soft drink volumes remained stable, with a 1% growth in unit case volume. This growth was primarily driven by gains in Europe, the Middle East and Africa, and the Asia Pacific region.

    Coca-Cola Zero Sugar saw a considerable increase in sales, with a 14% rise across all regions. Diet Coke and Coca-Cola Light also performed well, with a 2% increase predominantly due to growth in North America and the Asia Pacific region.

    However, not all categories experienced growth. Sparkling flavours saw a 1% decline as gains in Europe, the Middle East and Africa were offset by weaker results in the Asia Pacific region. Additionally, juice, value-added dairy and plant-based beverages saw a 3% decline.

    Conversely, water saw a 3% increase across all regions, sports drinks rose 3% due to growth in North America, and coffee grew 2%, driven by the Asia Pacific and Europe, Middle East and Africa regions.

    Refranchising Strategy

    Coca-Cola also made advancements in its refranchising strategy during the quarter. Coca-Cola HBC AG agreed to obtain a controlling interest in Coca-Cola Beverages Africa, furthering the company’s shift towards a franchise-focused model. In a separate transaction, the company completed the sale of a 40% stake in Hindustan Coca-Cola to the Jubilant Bhartia Group.

    The company confirmed that its productivity programs have helped counter inflationary pressures and have supported investment in areas such as digital and omnichannel capabilities.

    Future Projections

    Coca-Cola anticipates generating a minimum of $15 billion in free cash flow for the remainder of the fiscal year and affirmed that it is on track to meet its full-year guidance. Looking further ahead, Quincey expressed confidence in the company’s ability to meet its 2025 guidance while also working towards achieving its long-term objectives.

    Questions & Answers

    Does Coca-Cola expect to meet its full-year guidance?

    Yes, Coca-Cola confirmed that it expects to meet its full-year guidance.

    Which regions contributed to the growth of Coca-Cola?

    The growth in the third quarter was largely driven by increasing sales in regions such as Central Asia, North Africa, Brazil and the UK.

    What was the result of Coca-Cola’s refranchising strategy in the third quarter?

    During the third quarter, Coca-Cola HBC AG agreed to obtain a controlling interest in Coca-Cola Beverages Africa, furthering the company’s shift towards a franchise-focused model. Additionally, the company completed the sale of a 40% stake in Hindustan Coca-Cola to the Jubilant Bhartia Group.

  • Cafe Amazon Accelerates Global Expansion, Sidesteps Vietnamese Market Amid Investor Exit

    Cafe Amazon Accelerates Global Expansion, Sidesteps Vietnamese Market Amid Investor Exit

    Cafe Amazon, a coffee chain operated by PTT Oil and Retail Business (OR), is accelerating its global expansion plans. Notably absent from its target locations, however, is Vietnam. This strategic decision follows the withdrawal of a Thai investor from Cafe Amazon’s joint venture in the Southeast Asian country.

    Global Expansion Focus

    As Cafe Amazon navigates its global growth strategy, it is centering its attention on several key markets. These include Laos, the Philippines, Japan, Oman, and Bahrain. The company is implementing a franchise model in these regions with a keen focus on ensuring consistent brand standards. This encompasses all aspects from design to quality and service.

    Growth Trajectory

    Cafe Amazon has seen rapid growth over the past ten years, expanding to over 5000 outlets worldwide. This impressive global presence has positioned the company as one of Asia’s largest coffee chains. Notably, in the second quarter of the fiscal year 2025, Cafe Amazon reported sales of over 107 million cups of coffee. This represents a nearly 5 per cent increase from the same time the previous year.

    Vietnamese Market Shift

    The exit of a key investor marks a significant change in Cafe Amazon’s approach to the Vietnamese market. In recent years, this market has seen increasing competition from both local and international coffee chains. While the specifics of the company’s restructuring have not been disclosed, Cafe Amazon has indicated that it intends to focus on markets with a higher potential for growth.

    Questions & Answers

    Why is Cafe Amazon not focusing on expansion in Vietnam?
    The company has decided to shift its focus following the exit of a Thai investor from its joint venture in Vietnam.

    Which markets is Cafe Amazon focusing on for its expansion?
    Cafe Amazon is turning its attention to Laos, the Philippines, Japan, Oman, and Bahrain for its global expansion.

    How is Cafe Amazon performing globally?
    Cafe Amazon has over 5,000 outlets worldwide, making it one of Asia’s largest coffee chains. In the second quarter of the fiscal year 2025, the company sold over 107 million cups of coffee, indicating a nearly 5 per cent increase from the previous year.

  • Muscle Nation, Raw C launch coconut pineapple protein water

    Muscle Nation, Raw C launch coconut pineapple protein water

    Muscle Nation, a renowned fitness brand, has joined forces with Raw C, a prominent coconut water company, to introduce a new product: Coconut Pineapple Protein Water. This innovative beverage is designed with health-conscious consumers in mind.

    A Unique, Nutritious Blend

    Coconut Pineapple Protein Water combines the unique flavor of Raw C’s coconut water with the protein-packed formulation of Muscle Nation. Each serving delivers 22 grams of protein, zero sugars, and a mere 101 calories. The beverage is naturally sweetened with monkfruit and stevia, ensuring it contains no artificial colors, flavors, or preservatives.

    The protein water uses a specially-formulated blend of hydrolyzed collagen and whey protein isolate. This combination is enriched with electrolytes, Vitamins such as Vitamin C, and branched-chain amino acids (BCAAs) to aid in hydration and muscle recovery. For added electrolytes, Muscle Nation suggests pairing the protein water with Raw C’s Pure Natural Coconut Water.

    Refreshing, Light, and Performance-Oriented

    Chris Anastasi, the founder of Muscle Nation, shared his enthusiasm about the new product and its potential. He said, “We loved the idea of transforming recovery into something more exciting. Coconut water has become synonymous with health and fitness in Australia, which made it the perfect base for our protein water. The result is refreshing, light, and designed to enhance performance.”

    Availability

    The Coconut Pineapple Protein water, a collaboration between Muscle Nation and Raw C, is available for purchase at Muscle Nation’s online store. It will also be stocked in Woolworths supermarkets across the country.

    In addition to this, last month, Raw C announced another exciting collaboration. They teamed up with Pistachio Papi to launch a limited-edition beverage, Pure Coconut Water infused with Natural Pistachio and White Chocolate.

    Questions & Answers

    What is unique about the new Coconut Pineapple Protein Water?
    It combines the delicious flavor of Raw C’s coconut water with Muscle Nation’s protein-packed formulation. It’s also naturally sweetened and contains no artificial additives.

    What ingredients does the protein water contain to support fitness recovery?
    It contains a blend of hydrolyzed collagen and whey protein isolate, electrolytes, Vitamin C, and branched-chain amino acids (BCAAs).

    Where can consumers purchase the Coconut Pineapple Protein Water?
    It’s available through Muscle Nation’s online store and stocked in Woolworths supermarkets nationwide.

  • Vietnam’s Soybean Imports From U.s. Surge Amid Aquaculture Sector Growth

    Vietnam’s Soybean Imports From U.s. Surge Amid Aquaculture Sector Growth

    In the first three quarters of 2025, Vietnam saw a 9% year-on-year increase in its imports of U.S. soybeans, reaching a total value of $300 million. This surge has been attributed to ongoing efforts to incorporate these soybeans into the country’s aquaculture sector.

    U.S. Soybean Imports Rise

    Customs data indicates that the U.S. supplied 670,000 tons of soybeans to Vietnam, marking an almost 30% increase compared to the previous year. These imports accounted for roughly 33-34% of Vietnam’s total soybean imports, which is a slight increase from the previous year.

    Vietnam’s Growing Soybean Market

    According to the U.S. Soybean Export Council, Vietnam ranks as the third largest buyer of U.S. soybeans within Southeast Asia and maintains a strong position in the global market. The country’s rapidly evolving food and animal feed sectors, combined with an increasing consumer preference for plant-based products, are expected to stimulate further demand for soybeans.

    To further bolster the use of U.S. soybeans in Vietnamese aquafeed, the U.S. Soybean Export Council recently entered into a three-year memorandum of cooperation with the Vietnam Fisheries Association.

    Vietnam’s Aquaculture Industry

    Vietnam is among the top five global fisheries producers, with its aquaculture sector contributing 4-5% to the country’s GDP. In June, Do Duc Duy, the Minister of Agriculture and Environment, led a delegation of nearly 50 agricultural businesses and associations on a trip to the U.S. to participate in business dialogues aimed at fostering balanced and sustainable trade. During the visit, approximately 20 memorandums of understanding were signed, amounting to $3 billion in agricultural trade, including soybeans.

    Questions & Answers

    What accounted for the rise in Vietnam’s imports of U.S. soybeans?
    This increase is largely attributed to efforts to incorporate more U.S. soybeans into Vietnam’s aquaculture sector.

    What position does Vietnam hold in the global soybeans market?
    Vietnam is the third largest buyer of U.S. soybeans in Southeast Asia and is considered one of the most robust markets for soybeans globally.

    What measures have been taken to promote the use of U.S. soybeans in Vietnam?
    Recently, the U.S. Soybean Export Council and the Vietnam Fisheries Association entered into a three-year memorandum of cooperation to promote the use of U.S. soybeans in Vietnamese aquafeed.

  • Blue Sky Drinks Acquires Top Shelf International Assets, Ushering In New Era For Australian Beverage Industry

    Blue Sky Drinks Acquires Top Shelf International Assets, Ushering In New Era For Australian Beverage Industry

    Blue Sky Drinks has recently expanded its portfolio by purchasing the assets of Top Shelf International Holdings. These acquisitions include local spirits such as Ned Australian Whisky and Grainshaker, as well as the ready-to-drink (RTD) firm, Gravity Drinks Co.

    Background of Gravity Drinks Co

    Established in 2022, Gravity Drinks Co owes its success to the combined efforts of Mick Spencer, Liam Battye, and a team of professional athletes. The company has effectively penetrated the domestic market, establishing a solid customer base with support from key industry partners including Endeavour Group, Coles Liquor, and various independent venues.

    Changes in Leadership

    The acquisition comes with a leadership reshuffle. Mick Spencer will now serve as the executive chair of Blue Sky, while Greg Mitchell will take on the roles of CFO and COO. Other key appointments include David Ward as GM of sales and marketing, and Liam Battye as head of operations.

    Additionally, Ray Noble, a seasoned executive with leadership experience at Beam Suntory and a past MD role at Sazerac Australia, will join the board as a non-executive director.

    A New Chapter for Blue Sky Drinks

    Reflecting on this latest acquisition, Mick Spencer expressed optimism. He said, “By merging Gravity with some of Australia’s leading spirits and RTD brands, we are creating a different type of beverage company. One that is proudly Australian-owned and -made, and is poised for a bright future.”

    He added that the company now has stronger financial support, more ambitious goals, and a renewed commitment to prioritizing customers, suppliers, and the continued success of its brands.

    Continued Partnerships

    Blue Sky Drinks plans to retain its manufacturing partnership with beverage producer IDL. The company will also continue distributing its products through its extensive network of over 5,000 independent retailers, venues, and partners, including Endeavour Group and Coles Liquor.

    Commenting on the company’s future prospects, Ray Noble said, “The Blue Sky portfolio of Ned, Grainshaker, Act of Treason, Golden Bickie and Gravity combines local craftsmanship with fresh, modern energy that is ready to be harnessed.”

    He added that the new team possesses the expertise, passion, and entrepreneurial spirit needed to elevate these brands to greater heights, expressing his excitement to be part of this journey.

    The completion of the transaction is projected to take place in four weeks. During this period, suppliers and customers seeking additional information should contact Blue Sky Drinks Co or the administrators of Top Shelf International, McGrathNicol.

    Questions & Answers

    Who are the new leaders at Blue Sky Drinks following the acquisition?
    Mick Spencer is the new executive chair, Greg Mitchell is the CFO and COO, David Ward is the GM of sales and marketing, Liam Battye is the head of operations, and Ray Noble is joining the board as a non-executive director.

    What assets has Blue Sky Drinks acquired from Top Shelf International Holdings?
    Blue Sky Drinks has acquired local spirit brands Ned Australian Whisky and Grainshaker, as well as the RTD company, Gravity Drinks Co.

    What are Blue Sky Drinks’ plans post-acquisition?
    Blue Sky Drinks will continue production with beverage manufacturer IDL and maintain distribution through more than 5000 independent retailers, venues, and partners. The company also aims to take its brands to the next level with the new team’s expertise, passion, and entrepreneurial spirit.

  • Budget bakery boom as Koreans turn to convenience store bread

    Budget bakery boom as Koreans turn to convenience store bread

    In response to escalating prices in bakery franchises, that can exceed 10,000 won for just a few items, South Korean consumers are progressively seeking out more affordable private label (PB) bread. These are readily available in convenience stores and large retailers. As a consequence, the rise in sales of PB bread has prompted industry insiders to refer to the phenomenon as a ‘budget bakery boom’.

    The Surge of Private Label Bread

    Major convenience store chains report that PB bread now constitutes over 20 percent of all bakery sales. The market share of CU’s PB products has more than doubled from 9.4 percent in 2023 to 21 percent between January and September 2025. Similarly, GS25 experienced a rise from 21.1 percent to 24.9 percent, and 7-Eleven increased its PB ratio from 15 to 20 percent within the same timeframe.

    Due to this growing trend, retailers have been quick to introduce new in-house bakery brands. CU’s ‘Bakehouse 405’ launched in August 2023 and currently offers around 30 products. GS25 operates two PB lines, ‘Breadyque’ and ‘Seongsu’, which were launched in 2021 and 2024 respectively. These lines have sold 70 million and 3 million units to date. The ‘Seven Select’ range offered by 7-Eleven features approximately 40 varieties, and Emart24’s ‘Bakery of the Day’ (BOTD) was introduced in June with an initial selection of seven products.

    Price Versus Quality

    The primary attraction for consumers is the price tag. Items from CU’s Bakehouse 405, such as a sweet pastry, are priced at just 1600 won. Similarly, GS25’s bun is priced at 2100 won, and 7-Eleven’s honey hotteok is a mere 1500 won. Even on the higher end of the price scale, Emart24’s apple pie retails for 2400 won, which is less than a third of the price of similar pastries in high-end bakeries.

    In addition to the cost savings, the stores have also expanded their product ranges. Their selections now include a wide variety of items such as bagels, cream buns, baguettes, roll cakes, and even pizza rolls. Retailers stress that PB bread is not only affordable, but also of high quality. This is attributed to their partnerships with small manufacturers, which help to cut out middleman costs and marketing expenses.

    Supermarkets Join the Trend

    Large supermarkets are also following the trend. Homeplus runs ‘Mont Blagé’ bakery corners in over 120 stores nationally, offering traditional red bean, custard, and soboro buns for around 2000 won each. Lotte Mart’s ‘Poongmiso’, which was launched in 2022, is also growing its reach. Meanwhile, Emart has been selling imported ready-made cakes and dough under its ‘No Brand’ and ‘Peacock’ ranges since 2024, highlighting the advantages of affordability and convenience.

    Industry pundits believe that the popularity of PB bread highlights a shift in consumer thinking, driven by continuous inflation. Consumers are prioritising practicality and taste over brand prestige.

    Questions & Answers

    What is causing the ‘budget bakery boom’ in South Korea?
    The ‘budget bakery boom’ is due to rising prices in bakery franchises, prompting South Korean consumers to seek out more affordable private label bread from convenience stores and large retailers.

    How is the industry responding to the increased demand for private label bread?
    The industry is responding by introducing new in-house bakery brands. These brands offer a wide variety of products at a fraction of the cost of high-end bakeries.

    What are the advantages of buying private label bread?
    The main advantages of buying private label bread are affordability and quality. These breads are more inexpensive due to partnerships with small manufacturers that reduce costs. The quality of the bread also remains high, providing consumers with a cost-effective alternative to higher-priced branded products.

  • Haiver Spirits introduces two brewed hard teas

    Haiver Spirits introduces two brewed hard teas

    Haiver Spirits, a renowned vodka brand, has broken new ground in the beverage market, venturing into the ready-to-drink category with the introduction of its first-ever brewed hard teas. This innovative offering marks a significant expansion for the brand, which is well-known for its vodka.

    The Inspiration behind the Brewed Hard Teas

    Matthew Anastassiou, the founder of Haiver Spirits, explained that the motivation behind the creation of these brewed hard teas was his enduring love for iced tea. He had a vision to craft a spirited variation of the classic drink that retained its refreshing essence, while adding a unique twist.

    The drinks are lightly carbonated, a feature that Anastassiou says helps to retain the original flavor of the drink, just as he intended.

    Production and Unique Features

    The hard tea range is produced in Victoria, utilizing Haiver Spirits’ proprietary vacuum distillation techniques. A key characteristic of the range is its infusion with fresh fruits, which lends an element of vibrancy to the two debut flavors – ‘Summer Peach’ and ‘Tropical’.

    In a departure from the traditional blending of tea with spirits, Anastassiou took an innovative approach for the hard tea range. He brewed the beverages on a beer base, a strategic move aimed at giving the product a smooth, full-bodied mouthfeel that closely resembled real iced tea. He described the end product as “crisp and refreshing”.

    Product Availability

    With an alcohol content of 4.5 per cent ABV, the hard tea range is conveniently packaged in 330ml cans. The retail price commences at $26 for a four-pack.

    Questions & Answers

    What inspired the creation of Haiver Spirits’ hard tea range?
    Matthew Anastassiou, the founder of Haiver Spirits, was inspired by his love for iced tea. He wanted to create a boozy version that retained the refreshing quality of classic iced tea while adding a unique edge.

    How does Haiver Spirits’ hard tea range differ from traditional tea-infused spirits?
    Rather than blending tea with spirits, Anastassiou chose to brew the beverages on a beer base. This innovative approach gives the product a smooth, full-bodied mouthfeel that closely resembles real iced tea.

    What is the alcohol content and packaging of the hard tea range?
    The hard tea range has an alcohol content of 4.5 per cent ABV and is available in 330ml cans.

  • Melbourne Startup Jim Revolutionizes Fitness Drinks With Protein-packed, Prebiotic Soda

    Melbourne Startup Jim Revolutionizes Fitness Drinks With Protein-packed, Prebiotic Soda

    Melbourne-based start-up, Jim, has recently introduced a novel functional soda into the market. This unique beverage combines proteins and prebiotics, targeting both health-conscious consumers and those seeking high-quality fitness recovery options.

    The Details

    The innovative soda line comes in three distinct flavours: Golden Pash, Lem’n’Ade and Rarr-Berry. According to the company, each 330ml soda can is packed with 5 grams of protein, organic prebiotics, branched-chain amino acids (BCAAs), and L-glutamine. Additionally, these soda variants are free from added sugars and caffeine.

    Jim’s founders, Aimee Tawhai, a former elite athlete turned entrepreneur, and her companion Jono, envisioned a fitness recovery drink that would be both beneficial and enjoyable. They aimed to move past the conventional ‘gym bro’ beverage market, with a drink that appeals to a broader consumer base.

    Breaking Away from the Norm

    Aimee Tawhai, co-founder of Jim, shed light on the brand’s unique approach. “Fitness recovery drinks have been primarily targeted towards the ‘gym bro’ culture for quite some time. These drinks often have intimidating labels, excessively sweet and artificial tastes, and ingredients that offer no real benefits. Our intention was to cater to the everyday consumer, the ones who value their health and appreciate effective recovery drinks but don’t necessarily identify with the ‘gym bro’ culture. We wanted to create a beverage that I would personally drink, something I could confidently offer to my mother, a drink that delivers on promises and also tastes great.”

    Currently, Jim’s health-focused sodas are available in over 100 wellness centres, health food shops, and recovery hubs across the country. They can also be found through Kelly’s Distributors in Queensland. Plans are in place to expand online availability via Healthylife, the official health and wellness partner of Woolworths, in the near future.

    Questions & Answers

    What is the unique selling point of Jim’s new functional soda?
    The soda combines protein and prebiotics, targeting both health-conscious consumers and those seeking high-quality fitness recovery options. It also avoids added sugars and caffeine.

    Who are the founders of Jim?
    Jim was founded by Aimee Tawhai, a former elite athlete turned entrepreneur, and her companion Jono.

    Where can consumers purchase Jim’s functional sodas?
    Jim’s sodas are available in over 100 wellness centres, health food shops, and recovery hubs nationwide, and through Kelly’s Distributors in Queensland. There are plans to expand online availability via Healthylife, Woolworths’ official health and wellness partner.