Industry News

According to SIAL, restaurants and bars in Hong Kong provide daily needs for the locals and wonderful experiences to tourists; however, due to the setbacks during the COVID-19 pandemic and the “heading north” consumption trend among Hong Kong residents in the post-pandemic era, many local restaurants and bars are facing challenges such as closures, huge revenue losses, and difficulty in recruiting.

According to China Food Exhibition, in recent years, the food industry has faced a multitude of challenges, including severe climate conditions, the global pandemic, food safety concerns, the rising cost of raw materials, and geopolitical tensions.​

SIAL Shenzhen is keen to observe that the plant-based dairy market in Malaysia is experiencing significant growth due to increasing consumer demand for healthier and more sustainable food options. The market includes a range of products such as plant-based milk, cheese, yogurt, and ice cream, which are made from ingredients like soy, almond, coconut, and oats.

Essential, vital, crucial, fundamental – these terms describe the significance of water in our lives. SIAL Shanghai 2024 believes that having access to safe and sufficient drinking water is not only critical to human health and well-being, but it is a basic human right.

Globally inspired flavors, evolving use of kitchen appliances, and a surge in breakfast foods are just some of the emerging trends SIAL found in the Future of Frozen Food 2024 report on the evolving $78 billion United States (U.S.) frozen food market in 2024.

Here are Aisa Food Exhibition’s predictions for the coming year.

According to SIAL Shenzhen 2024, although the total harvested area of vegetables and pulses decreased by 3.2% from 2021 to 2022, and fresh and processed vegetable area harvested decreased by 5.1%, the situation is expected to deteriorate in 2024.

The frozen food market remains on solid footing, building on the pandemic-era momentum of preparing and eating more foods at home.