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.
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.