FEATURE-Obesity worries lift health food prospects in Asia
TAIPEI, July 8 (Reuters) - It's the growing number of customers such as Bill Chung, who is on a diet after packing on 30 kilograms, that food companies hope to attract as they expand health food lines in Asia.
Affluence and sedentary lifestyles have brought health problems such as obesity and diabetes to Asia, prompting locals such as Chung to fill up their shopping carts with products such as oats, yoghurt and vitamins.
"I went to a bookstore and read about it," said Chung, 33, a self-employed Taipei resident who lost six kilograms (13 pounds) over the past two months. "I'm spending a little less and it's all healthy, so I'm on track."
Asia has lagged behind other regions in packaged health foods consumption as the overall diet is relatively healthy with vegetables a main ingredient in many local dishes.
Nevertheless, the region's recent economic success has prompted fast food chains to expand outlets across Asia and foods such as ice-cream and chocolates have become popular.
Where high calorie junk food goes, health food follows close behind, those in the industry say, predicting solid growth for health products in Asia in the next few years.
"They are emerging products," said Lyndsey Anderson, Asia food and drink head for the London-based market forecasting firm Business Monitor.
"It hasn't caught on as quickly in the developing world. People traditionally have healthier diets anyway. The need to pay for packaged health foods isn't there. The region is lagging the rest of the world in that regard," Anderson said.
"In terms of transitioning, that is completely turning around," she said, adding that she expected to see steady growth in this high-priced food sector towards the end of 2010 or in early 2011 as the regional economy improves.
Health foods already make up roughly 5 percent of food product portfolios in Asia, she said.
The market for functional foods, which range from flaxseed, wheatgerm and soy-based products to probiotic yoghurt, is worth about $20 billion in Asia, including Japan, Anderson said.
In addition to standard health foods, the supplements industry, which includes vitamins and protein mixes, was worth about $14 billion in Asia in 2006, not including Japan, according to estimates by the research firm DataMonitor.
"In Asia, as people are getting more and more affluent, the health food market is certainly on the rise," said Shirley Ivarsson, a dietician in Hong Kong.
CHICKEN SOUP
Jostling for space on supermarket shelves in cities from Shanghai to Singapore are local health products such as root powders, herbal teas and variations of chicken soup, a favourite elixir among ethnic Chinese. Continued...
