The FIC establishment is a key initiative under the country’s Food Manufacturing Industry Transformation Map to steer the development and growth of the food industry in the nation.
The FIC aims to leverage the strong base of research expertise in Singapore, catalyse co-innovation amongst research institutes, MNCs and SMEs, and accelerate the development and commercialisation of new products for Asian consumers. These will be achieved through fostering an active and collaborative community among food scientists, professionals and entrepreneurs in Singapore, and through creating shared facilities and resources to facilitate such collaborations.
“A key opportunity in Singapore is the development of science-based solutions for the Asian phenotype to improve the nutritional status of our local population. Singapore is vital as a food and nutrition innovation hub for the region to address nutrition challenges that can impact economical and societal development,” said Rama Rajamanickam, vice president, Science and Innovation, DSM Asia Pacific.
With new and innovative products being introduced to the market every day, food manufacturers need to keep abreast of global food and nutrition trends.
Manufacturers need to find ways to differentiate their companies and products from the competition. To gain trust, confidence and competitive edge, food manufacturers can also leverage quality and standards. An example is to adopt a new technical reference to support innovation efforts for the development of functional food products that meet local food regulation for nutrition or health claims.
Elderly nutrition, or silver age food, is one emerging topic of interest in Asia Pacific, owing to the rapidly ageing population in countries such as Japan, Hong Kong, China, Thailand and Singapore. Seniors have specific dietary needs, with a different set of requirements in terms of texture, taste and nutrition.
To meet the needs of their customers, companies will have to build new capabilities, for example, in specialised nutrition and elderly-friendly packaging. This fast-growing and largely untapped market offers vast opportunities for the food manufacturing industry.