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Thailand’s credit and charge card payments market is on a growth trajectory and is forecast to grow by 7.1% in 2024 to reach THB2.2 trillion ($62.1 billion), supported by growing consumer preference for electronic payments and developing payment infrastructure, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that credit […]
Craft sake movement gains momentum in Japan, says GlobalData
A dynamic craft sake movement is sweeping across Japan, driven by a new wave of brewers who are infusing this traditional beverage with fresh and unconventional flavors. From fizzy sparkling sakes to bold and funky varieties, the craft sake revolution is not only transforming Japan’s sake industry but also gaining traction in neighboring markets such […]
South Korea credit card payments market to surpass $770 billion in 2024, forecasts GlobalData
The South Korean credit card payments market is forecast to grow by 6.3% in 2024 to reach KRW1,017.1 trillion ($778.9 billion), supported by high consumer preference for electronic payments, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that credit card payment value in South Korea registered a growth of […]
ARS Pharmaceuticals’ Neffy poised to disrupt epinephrine market as first needle-free nasal spray, says GlobalData
ARS Pharmaceuticals’ Neffy, the first needle-free epinephrine nasal spray, is poised to significantly impact the treatment of life-threatening allergic reactions like anaphylaxis following FDA approval in August 2024. With ease of use paired with a strong patient-assistance program, Neffy is set to disrupt the epinephrine market, according to GlobalData, a leading data and analytics company. […]
Edible oil import duty increase likely to have wide-ranging effects on food sector in India, says GlobalData
The Indian government has recently imposed a 20% basic customs duty on various edible oils to support domestic farmers. The duty increase on crude edible oils, such as sunflower, soybean, and palm oil, is expected to have wide-ranging effects across the food sector, says GlobalData, a leading data and analytics company. Shravani Mali, Consumer Analyst […]
Frasers must prioritize rejuvenating Mulberry’s offering to reclaim its luxury status if acquisition happens, says GlobalData
Following today’s news that Frasers Group has made an £83m offer to buy Mulberry: Alice Price, Associate Apparel Analyst at GlobalData, a leading data and analytics company, offers her view: “Fraser’s £83m bid for Mulberry – which would see its 37% stake rise to 100% – comes after the heritage brand has suffered with dwindling […]
Innovative product offerings to drive Thai dairy alternatives and meat substitutes market growth, says GlobalData
The surge in health-related issues is the key factor driving consumer preference for plant-based substitutes for dairy, meat, eggs, and seafood. In Thailand, the alternative protein market is experiencing significant growth as manufacturers respond to diverse consumer demands and challenges through innovative product development. The entry of more multinational companies and innovative startups is anticipated […]
Healthcare and technology industries at forefront of nanotechnology innovation with rapid commercialization, says GlobalData
The possible applications of nanotechnology are boundless. Propelled by the growing demand for sustainable materials, environmental remediation, faster electronics, and innovative therapies, nanotechnology could transform numerous industries. With the potential impact of nanotechnology expected to vary significantly across different sectors, the healthcare and technology sectors are currently at the forefront of innovation witnessing rapid commercialization, […]
2024 Tour de France generates estimated $70.06 million in sponsorship revenue, reveals GlobalData
As the world’s most prestigious annual men’s multiple-stage bicycle race, the Tour de France attracted several major companies as key sponsors. The largest sponsorship deal in terms of annual value for the 2024 Tour de France was its partnership with LCL. The five-year deal, which covers the 2024-2028 period, sees LCL sponsor the Tour de […]
Battery as a service and battery swapping emerge as key topics in companies’ discussions, reveals GlobalData
Governments worldwide have been making continuous efforts to make transportation more sustainable and environment friendly to boost the adoption of electric vehicles (EVs). However, high costs associated with battery, lower range, and charging infrastructure pose major challenges for widespread EV adoption. Against this backdrop, battery as a service (BaaS) and battery swapping have emerged as […]
GlobalData poll reveals microbiome’s essential role in health
Healthcare professionals widely recognize the microbiome’s vital contributions to digestion, immune function, and overall well-being. The majority of surveyed respondents view a balanced microbiome as essential to sustain health and prevent various diseases, underscoring its crucial role of in maintaining human health, according to a recent poll conducted by GlobalData, a leading data and analytics […]
AI-powered hair care solutions become increasingly popular in APAC, says GlobalData
Artificial intelligence (AI) is transforming various industries by providing wide range of applications that improve efficiency and data driven insights for informed decision making. In the haircare sector, AI is helping manufacturers to provide personalized solutions that analyze user data and deliver an immersive experience to its consumers. Moreover, increasing hair loss concerns and growing […]
AstraZeneca’s FluMist approval for self-administration could increase flu vaccine uptake, says GlobalData
The US Food and Drug Administration (FDA) has approved the first self-administered seasonal influenza vaccine – AstraZeneca’s FluMist. FluMist has been available in the US since 2003, but beginning next year, the nasal spray vaccine will also be available for self-administration. This approval increases the accessibility of seasonal influenza vaccines, and has the potential to […]
China to spearhead global VAM capacity additions through 2028, says GlobalData
China is set to witness most of the vinyl acetate monomer (VAM) capacity additions globally by 2028, contributing about 78% of the total capacity additions from six upcoming projects, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Vinyl Acetate Monomer (VAM) Industry Capacity and Capital Expenditure Forecasts with Details of All Active […]
Indian startups raise $7.5 billion in VC funding during January-August 2024, reveals GlobalData
A total of 780 venture capital (VC) deals with disclosed funding value worth $7.5 billion were announced in India during January to August 2024, marking a year-on-year (YoY) improvement of 5.1% in terms of volume and a significant 53.1% increase in funding value compared to the same period in previous year, according to GlobalData, a […]
UK data WAN market remains hyper-competitive as GenAI explosion leads to surge in demand, says GlobalData
The data WAN (wide area network) market remains hyper-competitive in the UK and a sudden increase in demand has sprung up as GenAI applications and proofs of concept were rolled out last year, according to an analysis of data WAN service providers to enterprise customers in the country conducted by GlobalData, a leading data and […]
Oral beauty trend gains traction in Asian markets, says GlobalData
Dental health is becoming a top priority for Asian consumers given the increasing oral issues such as gum diseases, dental cavities, and oral cancers. Consumers are seeking new oral care products with innovative ingredients and technological integration to support their needs. Consequently, the concept of oral beauty or oral care skinification, which involves the combination […]
Australia digital health market to grow at 8% CAGR through 2033, forecasts GlobalData
Australia’s healthcare sector is facing rising demand for digital health solutions, driven by an aging population burdened with an array of chronic and mental health disorders. This surge in healthcare needs has made digital platforms, such as telehealth and remote monitoring, essential to provide more efficient and accessible care for improved overall patient outcomes. Against […]
Japan life insurance industry to surpass $371 billion in 2029, forecasts GlobalData
The Japanese life insurance industry is set to grow at a compound annual growth rate (CAGR) of 4.7% from JPY39.7 trillion ($275.8 billion) in 2024 to JPY50.0 trillion ($371.2 billion) in 2029, in terms of direct written premiums (DWP), according to GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that the life […]
Singapore alcoholic beverages industry digitization to help consumers make informed purchase decisions, says GlobalData
The alcoholic beverages industry in Singapore is witnessing a broader trend of digitization, where traditional practices are evolving to incorporate technology for greater consumer awareness and responsibility. By offering essential information in a convenient digital format, the alcoholic drinks industry is catering to a tech-savvy audience and responding to the growing demand for accessible product […]