Will Plant-based Milk Continue to Shine in China’s Beverage Market
After pricing its IPO at $17 a share, turning the Swedish plant-based milk giant into a $10 billion brand, on May 20, 2021, oat milk maker Oatly made its market debut. Oatly’s success mirrored the prosperity of the Chinese plant-based milk market. However, beneath the booming plant-based milk industry, there are some underlying challenges.
South Korea Consults on Health Functional Food Code
MFDS consulted on two drafts of the Health Functional Food Code. The drafts propose to add new precautions for the intake of eight functional ingredients and modify the testing methods.
Asia Pacific Food Regulation Dynamics | May 2021
In May 2021, China fined Abbott for the violation of adding vanillin in stage 1 infant formula. South Korea consulted on the regulation on the inspection of imported food and imported health functional food. Japan approved new countries/regions for meat import. Singapore proposed to approve the use of 2’-FL in infant formula. Thailand released National Standard for Solid Herbal Tea. Malaysia revised the MRL of propiconazole in food.
Japan Approves New Countries/Regions for Meat Import
Only meat products imported from countries, regions, or facilities designated by Japan MHLW can be sold in Japan from June 1, 2021. On May 26, 36 countries/regions newly granted meat exportation approval to Japan.
