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Consumer

Indonesian consumers pivot towards halal cosmetics, says GlobalData

Being home to the world’s largest Muslim population, Indonesia has emerged as a significant global destination for halal cosmetics. In their pursuit of recovery from the COVID-19 pandemic, Indonesian skincare companies are focused on promoting the acceptance of halal cosmetics. The emergence of indigenous halal cosmetics brands is instrumental in fueling the demand for such […]

Business Fundamentals

S&P 500 Index grew over $6.7 trillion in one year to January 2024, finds GlobalData

The aggregate market capitalization of the Standard and Poor’s 500 (S&P 500) index companies grew 18.5% from $36.5 trillion to $43.2 trillion between 31 January 2023 and 31 January 2024. The Information Technology (IT) sector registered the most market gains over the period, followed by communication services and consumer discretionary*, according to GlobalData, a leading […]

Business Fundamentals

EV manufacturers looking for innovative electrode active material suppliers, reveals GlobalData

General Motors (GM) recently finalized a significant battery material supply contract worth $19 billion with South Korea’s LG Chem, marking a major milestone in the electric vehicle (EV) industry. Under the agreement, LG Chem will supply cathode active materials until 2035, sufficient to power up to five million cars produced by GM. This collaboration exemplifies […]

Consumer

Health awareness and compatibility with local cuisine drive demand for Japanese sake in India, says GlobalData

Sake, a Japanese alcoholic drink, has been recording a notable rise in its demand from Indian consumers in recent years. Sake imports to India received a boost after the Food Safety and Standards Authority of India (FSSAI) simplified import procedures for the beverage in 2022. The beverage is seeing increased uptake in major urban centers […]

Business Fundamentals

High cost of living continues to be key challenge for Japanese economy, says GlobalData

Following the news that the Japanese economy contracted for the second consecutive quarter in Q4 2023; Ramnivas Mundada, Director of Companies and Economic Research at GlobalData, a leading data and analytics company, offers his view: “The Japanese economy faces significant hurdles with recent data revealing a contraction for two consecutive quarters. The contraction, mirroring subdued […]

Consumer

CPG companies brace for sales boost from Tet shopping season in Vietnam, says GlobalData

Tet Nguyen Dan (Tet) is the first day of the lunar new year in Vietnam. The Tet public holidays last a week and mark a period of celebration for Vietnamese families, wherein they reunite and honor their ancestors. The Vietnamese indulge in a great deal of shopping, starting weeks before Tet, making it one of […]

Medical Devices

MIT’s newly developed wearable device may alter ultrasound imaging landscape, says GlobalData

The Massachusetts Institute of Technology (MIT) has created an ultrasound sticker that can determine the stiffness of internal organs for early disease detection. The successful launch of a product with these capabilities has the potential to change the hierarchy of the ultrasound imaging market, which was worth $6.5 billion in 2023 and is expected to […]

Pharma

Otsuka’s new formulations to offset Abilify Maintena dual patent expiry impact, says GlobalData

Otsuka Pharmaceutical is poised for a strategic transition as it approaches the loss of market exclusivity of Abilify Maintena (Aripiprazole) in Europe and the US in October 2024. This significant development signals a forthcoming shift in the drug’s sales trajectory, highlighting Otsuka’s readiness to embrace changes with new formulations for continued growth in mental health […]

Medical Devices

World Hearing Day highlights growing hearing loss prevalence, says GlobalData

World Hearing Day is observed on March 3 every year in order to raise awareness on how to prevent deafness and hearing loss, as well as promote ear and hearing care across the globe. Hearing loss is becoming more prevalent, and unaddressed needs are causing additional costs to the healthcare system, according to GlobalData, a […]

Consumer

Luxury maisons venture into foodservice to tap experimental consumers in Asia, says GlobalData

The luxury landscape in Asia has seen a significant transformation in recent years, with renowned luxury maisons venturing into the food and beverage space as they look to entice consumers who are more “experience-driven”, says GlobalData, a leading data and analytics company. The trend is now expanding into more Asian countries given the region’s rising […]

Retail

Heightened competition to blame for The Body Shop’s downfall, says GlobalData

Following the news that The Body Shop has filed intent to appoint administrators; Tash Van Boxel, Analyst at GlobalData, a leading data and analytics company, offers her view: “Unable to keep up with its rivals, The Body Shop’s demise into administration comes as a result of increased competition in a thriving health & beauty market. […]

Consumer

APAC consumers reluctance to forego taste for fortified benefits shapes innovation in food and drinks, says GlobalData

There is an ongoing and undeniable shift in how consumers perceive the quality of a product as they attach greater value to consumption experiences, even while looking to make healthier choices when it comes to the food and drinks they buy. This highlights the need for brands to diversify flavor and texture attributes to create […]

Oil & Gas

North America to account for 44% of global ammonia capacity additions by 2028, reveals GlobalData

North America is set to lead the global ammonia industry capacity additions with a share of 44% by 2028, by gaining capacities from new-build and expansion projects between 2024 and 2028, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Ammonia Industry Capacity and Capital Expenditure Forecasts with Details of Active and […]

Insurance

Chinese property insurance industry to surpass $67 billion by 2028, forecasts GlobalData

The Chinese property insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 12.1% over 2024–28, from CNY271 billion ($40.5 billion) in 2024 to CNY428.3 billion ($67.7 billion) in 2028, in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that […]

Consumer

Brands step up digital marketing as social media dominates consumer motivations in APAC, says GlobalData

Digital platforms make consumption experiences more convenient and exciting, especially for young consumers who are often more influenced by technology and social media when making purchase decisions. This is in line with 43% of Asians who revealed that they are very/quite likely to purchase a product based on recommendations or endorsements based on social media […]

Business Fundamentals

Surgical AR/VR poised for widespread adoption with Apple’s Vision Pro launch, predicts GlobalData

Apple recently made its foray into the extended reality (XR) market with the introduction of its spatial computing product, Vision Pro. Early adopters have responded positively to the launch, and the product’s impact on the widespread adoption of XR hardware and software is evident, with over 600 applications now available on the Vision OS marketplace. […]

Pharma

AI may automate diagnosis of lupus nephritis, says GlobalData

Systemic lupus erythematosus (SLE) is a chronic autoimmune that can affect multiple major organ systems in the body. One of its most severe manifestations is renal (kidney) involvement, known as lupus nephritis (LN). Although LN can be detected via blood or urine tests, a kidney biopsy is considered the most precise diagnostic approach. However, there […]

Consumer

Heightened health and wellness concerns spur demand for dietary supplements in APAC, says GlobalData

The onset of winter results in a rise in the number of community outbreaks in Asia-Pacific (APAC), fuelling the demand for immunity-boosting nutritional supplements in the region. In addition, elevated health awareness in the aftermath of COVID-19 has also spurred the need for supplements, especially for vitamins C and D. Against this backdrop, manufacturers are […]

Business Fundamentals

AI, social media, and cloud trending themes in hiring in 2023 amid declining job postings, reveals GlobalData

Global job postings experienced a 23.6% fall in 2023 compared to the previous year Companies were hiring in areas such as AI, social media, and cloud with healthtech and customer loyalty being other noteworthy themes Cargill, Tesla, CDM Smith, Marriott International, and Accenture were among the top recruiters 2023 saw many companies across the globe […]

Consumer

Modified atmosphere packaging solutions will be game changer for fresh produce, says GlobalData

StePacPPC launched modified atmosphere packaging (MAP) films, which is expected to significantly reduce the wastage and transportation cost of fresh mushrooms. As concerns regarding the wastage of fresh vegetables and fruits remain high due to a lack of proper packaging solutions, modified atmosphere packaging solutions will be a game changer for the global fresh food […]

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Indonesian consumers pivot towards halal cosmetics, says GlobalData

S&P 500 Index grew over $6.7 trillion in one year to January 2024, finds GlobalData

EV manufacturers looking for innovative electrode active material suppliers, reveals GlobalData

Health awareness and compatibility with local cuisine drive demand for Japanese sake in India, says GlobalData

High cost of living continues to be key challenge for Japanese economy, says GlobalData

CPG companies brace for sales boost from Tet shopping season in Vietnam, says GlobalData

MIT’s newly developed wearable device may alter ultrasound imaging landscape, says GlobalData

Otsuka’s new formulations to offset Abilify Maintena dual patent expiry impact, says GlobalData

World Hearing Day highlights growing hearing loss prevalence, says GlobalData

Luxury maisons venture into foodservice to tap experimental consumers in Asia, says GlobalData

Heightened competition to blame for The Body Shop’s downfall, says GlobalData

APAC consumers reluctance to forego taste for fortified benefits shapes innovation in food and drinks, says GlobalData

North America to account for 44% of global ammonia capacity additions by 2028, reveals GlobalData

Chinese property insurance industry to surpass $67 billion by 2028, forecasts GlobalData

Brands step up digital marketing as social media dominates consumer motivations in APAC, says GlobalData

Surgical AR/VR poised for widespread adoption with Apple’s Vision Pro launch, predicts GlobalData

AI may automate diagnosis of lupus nephritis, says GlobalData

Heightened health and wellness concerns spur demand for dietary supplements in APAC, says GlobalData

AI, social media, and cloud trending themes in hiring in 2023 amid declining job postings, reveals GlobalData

Modified atmosphere packaging solutions will be game changer for fresh produce, says GlobalData

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