Dan-D Foods is Expanding to Asia
Dan-D Foods is investing in expansion projects in Hong Kong and Taiwan, opening branches in those regions in an effort to target health conscious Asian consumers.
Asia has been known to echo North American consumer trends and has been gaining more and more trust in North American brands. Big brand names are making their appearance in the Asian market and adapting their products to cater to the local consumers. “Made in Canada” seems to be the biggest selling point.
Along with ongoing ventures in China and Taiwan, the company has built a strong foundation for future success.
In Hong Kong, the company has opened a sales office that currently services retail giants such as ParknShop, Jusco, 7-Eleven and Circle K. Growth outlook in the region is forecasted to be extremely positive, especially for premium Canadian grown products such as oats and high quality cereals.
Hong Kong is not the only region that has seen dramatic growth. In China, Dan-D-Pak retails in mega chain stores such as Wal-Mart, City Super, Carrefour, RT-Mart and Lotus. In Japan, Dan-D-Pak™ products are sold in Kobe Bussan stores, one of the country’s most dominant grocery chains. They currently operate more than 500 stores across Japan.
President and CEO of Dan-D Foods, Dan On said “Asia has a growing an appetite for healthy foods from North America; the sky is the limit in terms of potential”.
Canadian products that are seeing increased demand include healthy foods such as oatmeal, North American dried fruit, muesli, granola and flaxseeds.
Dan-D Foods already has a strong presence throughout Asia with operations and strong business partnerships across the Asia-Pacific.
– Total agricultural trade represents approximately 25.6% or $581.3 million of all trade between Canada and Hong Kong, and 8.5% or $1.1 million of all trade between Canada and Macao.
– Nearly all of Hong Kong’s agricultural and agri-food needs are imported. Macao is also almost fully dependent on imported goods with its agricultural sector accounting for only 1.0% of its GDP.
– Taiwanese have a growing desire to seek healthier foods and ingredients. Currently, 70% of organic food and beverages sold in Taiwan is imported. This trend has encouraged Taiwanese farmers to switch to organic production.
– Taiwanese are large consumers of snack products, typically cooked or uncooked options from convenience stores, tea shops, and street food stalls. Working women, however, are more drawn to healthier options in ready-to-eat or ready-to-cook snacks and meals.