The Business Times
SUBSCRIBERS

Innovating the Kiwi way to meet changing food demands of Asia's varied markets

Published Wed, Apr 18, 2018 · 09:50 PM

ASIAN consumers are changing the way they shop, cook and eat. Rising incomes across the region translate to a willingness to spend on discretionary items including premium food and beverage products. In Singapore for example, this has resulted in the food and beverage industry now being worth over S$14 billion.

With higher disposable incomes, shopper behaviour has evolved. Cost has also become less of a deciding factor. Instead, decisions around food are now made based on provenance, quality and safety.

Health and wellness are also at the forefront of consumer concerns. Non-communicable diseases such as Type 2 Diabetes are reaching epidemic proportions across the region, including in Singapore where one in three locals are at risk of the …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Columns

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here