Food and Beverage

Increasing disposable income, fast-changing consumption patterns, and tighter government regulations across Asia are ushering in a new era for the food and beverage industry.

Asia represents a huge and increasingly influential market in the food and beverage (F&B) industry – it is set to become the largest consumer of food and beverages worldwide by 2030.

The development of new product strategies, the increased penetration of modern retailing, and rapid urbanization are few of the factors that have led to the growth of numerous F&B categories across the region.

The investment landscape in Asia is highly competitive, characterized by its distinct cultures, customs, and culinary preferences – demographics play a key role in determining market trends for the industry.

Industry entrants should note certain key factors for improved success in this market.

How we can help companies succeed within the food and beverage industry:

Authorities in most markets are increasing oversight of this industry from end-to-end – making regulatory compliance a core business process for firms in this industry.

From changing food safety laws to regulations governing packaging and plastic usage, a thorough due diligence and business intelligence report can help companies overcome the challenges of this industry.

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Most Asian countries have procedures in place to ensure quality of produce from different countries is consistent with local norms and requirements. Companies may need to acquire various licenses and certifications, e.g. a Certificate of Inspection and Quarantine for Entry Goods, through complex application processes.

Sanctions for non-compliance may include a life ban from food-related activities. Companies would do well to ensure conformity to local laws.

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Asia’s F&B market is constantly developing with supply chain innovations and changing production technology, as well as the growth of food e-commerce.

Businesses need to ensure they keep on top of consumer trends in this fast-evolving industry segment. Consult our IT department to understand the technological needs that may arise in the food and beverage industry.

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Dezan Shira and Associates helps businesses explore opportunities in Asia’s F&B industry, manage their investment, setup compliant operations, and keep them updated with latest trends and regulations. Our services include providing expert advice on assessing new market opportunities, international trade, tax, audit, and more.

Dezan Shira & Associates has helped companies in the F&B industry across Asia define and maintain competitive business strategies in this dynamic and growing market.

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