Glanbia looks to Far East market

GLANBIA, the €2billion-a- year turnover international food group, is looking towards the Far East to secure a larger slice of the growing consumer-driven nutrition market.

Hugh McGuire, chief executive of Glanbia Nutritionals for the European Union and Asia Pacific, said North America remains the biggest market in the estimated €170bn global business with Europe second.

But increasing demand for foods that benefit consumer health and well-being is being seen in other parts of the world, he told the fourth annual World Food Technology and Innovation Forum in Dublin yesterday.