Marubeni Corporation (hereinafter, “Marubeni”), through its wholly-owned Singapore-based subsidiary Marubeni Growth Capital Asia Pte. Ltd. (hereinafter, “MGCA”), has invested in AIG Asia Ingredients Corporation (hereinafter, “AIG”), a leading supplier and manufacturer of food ingredients and packaged food products in Vietnam.

The food sector in Southeast Asia has witnessed significant growth, driven by economic development, population growth, urbanization, and the expansion of the middle class. Notably, Vietnam’s food market is one of the fastest growing markets with an annual growth rate of approximately 8% supported by the country’s emerging economy,  which is projected to become the second largest in Southeast Asia by 2036.

Food and functional ingredients play a critical role in supporting the rapid growth of the food market and meeting new aspects of demand that are linked to changing consumer trends and lifestyles. In recent years, with busier lifestyles and growing health consciousness, there is a rising demand for convenient and healthier foods, which has led to a need for more diverse, globally-sourced, and sophisticated base inputs, organic ingredients, and nutritional additives. Food ingredients are also important to ensure food security for countries in Southeast Asia.

AIG is a leading distributor of food and functional ingredients in Vietnam and also owns extensive manufacturing facilities and an in-house laboratory for product development, which positions it as a unique integrated food solutions provider. This has enabled AIG to formulate food ingredient solutions tailored to its clients’ needs and to extend its capabilities beyond distribution through the manufacture and sales of branded packaged food products. This makes AIG a trusted partner to its customer base and helps it leverage insights on consumer trends to develop and innovate high-value nutritional ingredients and high-quality food products that cater to emerging consumer needs. Marubeni, as a strategic business partner, is committed to supporting AIG’s strategic business transformation and further expansion.

Marubeni established the Next Generation Corporate Development Division in 2022 to capture the growth of consumer businesses in Southeast Asia and the US, aiming to build a new consumer platform to help drive Marubeni’s growth in 2030 and beyond. The investment in AIG is the second investment in the food and beverage sector by MGCA after its master-franchise partnership with Tim Hortons®, a leading coffee chain from Canada, allowing MGCA to bring the company’s products to three countries in Southeast Asia. 

MGCA continues to focus on the food products and food & beverage sector in Southeast Asia because of its particularly high growth potential driven by key underlying consumer trends and remains committed to creating value with its investee companies within the sector.

MGCA Overview
Head Office:	8 Marina View, #14-03 Asia Square Tower 1, Singapore 018960
Representative:	Bharat Sarma
Website:	https://www.marubenigrowthcapital.com
Business description:	Investment in consumer related businesses in Southeast Asia focused on next generation consumers
AIG Overview
Head Office:	Lot TH-1B, Road No.7, South Economic Area, Tan Thuan Export Processing Zone, Tan Thuan Dong Ward, District 7, Ho Chi Minh City, Vietnam
Representative:	Nguyen Thien Truc
Website:	https://www.asiagroup-vn.com/en-US/Default.aspx
Business Description:	Supplying and Manufacturing Food Ingredients and Packaged Food Products