
Packaging Supply Chain news from the Asia Pacific
ASIA – The global dietary supplements market expects to be dominated by the Asia Pacific region for the rest of the decade, reaching US$79.1 billion by 2020.
SOUTH KOREA – South Korea is looking to almost double its halal food exports from its current US$680 million to US$1.23 billion by 2017.
ASIA – About US$770 billion in new consumer spending in the ASEAN (Association of South East Asian Nations) region is expected over the next few years, thanks to robust consumption fuelled by a rapidly growing consumer class, rising income and urbanization.
INDIA – The Indian confectionery market is expected to grow by 71% in the next four years, as the growing Indian middle-class consumes more gums and jellies and chocolate continues to be high in demand among children, according to Canadean.
INDONESIA - Slower retail sales, which started in December 2014, is expected to continue in Indonesia for at least the first quarter of this year, according to a survey from the country’s central bank, Bank Indonesia.