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Global automakers earmark nearly US$600bn for EVs over next decade, finds GlobalData

Aggressive emission and carbon neutrality targets set by regulators worldwide entails a faster transition from traditional automakers to next-gen electric vehicle (EV) manufacturers. Therefore, automakers are committing operational investments of nearly US$600bn to secure their position in the future automotive market, says GlobalData, a leading data and analytics company. Broadly, the investments announced focus on […]
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Skittles Pride Pack can earn Australian millennials loyalty for endorsing LGBTQIA+ community inclusiveness, observes GlobalData

To connect itself with LGBTQIA+ community and express support, global confectionery giant Mars Wrigley Skittles has recently unveiled a ‘Pride Pack’ in Australia. More consumer packaged goods companies are aligning their brands with social causes such as gender quality, besides LGBTQIA+ inclusiveness, to gain the patronage of the increasingly conscious consumers, particularly millennials, says GlobalData, […]
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India to lead Asia’s transmission pipelines projects through 2026, finds GlobalData

India is likely to remain as one of the major countries to drive Asia’s new-build trunk/transmission pipeline additions, contributing about 37% of the region’s oil and gas pipelines projects count by 2026, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘New Build Trunk-Transmission Pipelines Projects Analytics and Forecast by Project Type, Regions, […]
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Kombucha may be next best Malaysian health drink with new affordable launches disrupting the segment, observes GlobalData

With competition heating up in the nascent kombucha drink market in Malaysia, a flurry of new brands and reasonable product launches are happening and reaching the retail shelves. These new product launches are addressing the pain points that have been restraining the mass market adoption of the fermented beverage. Given the positive consumer perception of […]
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New ICMR-DHR policy to boost domestic medical device market in India, observes GlobalData

The new Indian Council of Medical Research (ICMR)- Department of Health Research (DHR) policy on biomedical innovation and entrepreneurship is expected to boost the domestic Indian medical devices market by endorsing the government’s initiatives such as Make-in-India, Start-Up-India and Atmanirbhar Bharat, says GlobalData, a leading data and analytics company. GlobalData’s research reveals that the Indian […]
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New product development to drive South Korea aesthetic injectables market growth through 2030, predicts GlobalData

South Korea is expected to be the fastest growing country in the Asia-Pacific (APAC) region for aesthetic injectables market with a compound annual growth rate (CAGR) of around 9% between 2021-2030, driven by continuous product development, desire for appealing looks coupled with the availability of non-invasive/minimally invasive aesthetic techniques, forecasts GlobalData, a leading data and […]
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Expansion from food aggregation to booming e-grocery vertical logical step for Zomato, says GlobalData

Indian food aggregator Zomato announced merger with e-grocer Blinkit, (formerly Grofers India Pvt. Ltd.), subject to approval from the Competition Commission of India, in March 2022. The development, which signals its entry into the nascent online grocery market in India, which eclipses and outpaces the foodservice takeaway market in sheer value sales*, is certainly a […]
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Plant-based ice creams to gain traction as Malaysia ice cream market set to multiply at 4.7% CAGR through 2026, forecasts GlobalData

Driven by concerns about health, environmental and animal welfare, Malaysian consumers are preferring vegan ice creams lately. Ice cream manufacturers are also adopting sustainable packaging and establishing recycling systems to attract these rising eco-conscious consumers. So, the Malaysian ice cream market is anticipated to grow from MYR915.2m ($220.9m) in 2021 to MYR1,151.6m ($281.3m) in 2026, […]
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Amid Chinese invasion threat, Taiwan’s defense expenditure hits 12% CAGR in 2022, finds GlobalData

The rapid modernization of the People’s Liberation Army (PLA) of China, invasive drills and Taiwan’s aging equipment has forced the Taiwanese government to increase its defense expenditure besides enhancing its defense capabilities. Consequently, the total defense expenditure hit a robust compound annual growth rate (CAGR) of 12.0% to record $16.9bn in 2022 and will continue […]
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FSSAI health star rating in line with majority Indian respondents whose purchases are influenced by health labelling, finds GlobalData survey

The Food Safety and Standards Authority of India (FSSAI) will implement a ‘health star rating’ (HSR) system for packaged foods in 2022. Given that health labelling influences the purchasing decisions of Indian consumers, the FSSAI’s HSR will drive the consumer and retailer shift towards healthier foods with higher star ratings, says GlobalData, a leading data […]
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