manojit

Consumer

Japanese hot drinks sector is forecast to reach US$23.7bn in 2023, says GlobalData

The hot drinks sector in Japan is forecast to grow from JP¥2 trillion (US$18.4bn) in 2018 to JP¥2.5 trillion (US$23.7bn) in 2023, recording a compound annual growth rate (CAGR) of 3.7%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Japan Hot Drinks – Market Assessment and Forecasts to 2023’ reveals that the sector […]

Retail

Coronavirus to wipe US$8.3bn off APAC duty-free market in 2020, says GlobalData

According to GlobalData’s pre-crisis forecast, the Asia-Pacific (APAC) duty-free sales are forecast to reach US$43.4bn in 2020, backed by high growth in countries such as China, India and South Korea. However, the recent coronavirus scare has dramatically altered the dynamics of the APAC duty-free market. While it is difficult to forecast the full impact that […]

Consumer

India’s hot drinks sector poised to grow at 10% CAGR through 2023, says GlobalData

Propelled by the rising spending power of young adult population, the hot drinks sector in India is expected to grow at a compound annual growth rate (CAGR) of 10% from INR584bn (US$8.5bn) in 2018 to INR941.3bn (US$12.6bn) in 2023, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘India Hot Drinks – Market Assessment […]

Consumer

Bega Cheese looks to strengthen presence in spreads market with launch of reduced salt version of Vegemite in Australia, says GlobalData

Following today’s announcement of the introduction of a new product, Vegemite 40% less salt, by Australian dairy company Bega Cheese Ltd; Nabila Azmatulla, Consumer Insights Analyst at GlobalData, a leading data and analytics company, offers her view: “Australians are on the lookout for products that improve their health and consider eating healthy to be very […]

Construction

Hong Kong’s construction industry to witness another year of downswing in 2020, says GlobalData

Hong Kong’s construction industry is expected to suffer another year of contraction in 2020 by 3%, making it the fourth consecutive year of decline. However, the industry is forecast to start a recovery phase in 2021, due to the government’s efforts to stimulate economic growth, and public and private sector investments in commercial, residential and […]

Consumer

J-beauty set to become next mega trend in global cosmetics market, says GlobalData

Innovative beauty concepts originating from Asian countries are capturing the imagination of consumers the world over. Prominent among them are K- beauty (Korean), C- beauty (Chinese), T- beauty (Thai), Ayurveda (Indian) and the latest one is J- beauty (Japanese) concept, which is revolutionizing the cosmetics industry not only in the Asia-Pacific (APAC) region but also […]

Consumer

Hong Kong foodservice profit sector is forecast to be worth US$24bn by 2023, says GlobalData

Growing economy, increasing employment opportunities and high Gross Domestic Product (GDP) growth are some of the drivers behind the growing foodservice profit sector sales in Hong Kong, which is estimated to grow from HKD142.4bn (US$18.3bn) in 2018 to HKD172.5bn (US$23.7bn) by 2023, at a compound annual growth rate (CAGR) of 3.9%, says GlobalData, a leading […]

Consumer, Uncategorised

Acquisition of Be & Cheery will solidify PepsiCo’s savory snacks offerings in China, says GlobalData

Following the news that PepsiCo Inc has entered into a definitive agreement to acquire Hangzhou Haomusi Food Co Ltd, better known as Be & Cheery, for US$705m; Shagun Sachdeva, Consumer Insights Analyst at GlobalData, a leading data and analytics company, offers her view: “PepsiCo’s move to acquire Be & Cheery is in line with its […]

Retail

Convenience and experience emerge as differentiating factors in dynamic retail environment, says GlobalData

On the back of intensifying competition in the retail industry, customers have become more demanding when it comes to convenience and the shopping experience, as they know that they can always switch to another retailer for buying goods if their expectations are not met, says GlobalData, a leading data and analytics company. Retailers across the […]

Retail

Paytm’s local focus via MyStore provides a key advantage in India’s digital commerce expansion, says GlobalData

Paytm announced its entry into social commerce in Feb 2020 with its MyStore functionality, after carrying out beta version of the app for a while. MyStore is Paytm’s second vertical into digital commerce after its Paytm Mall, an ecommerce platform available to Paytm users. With MyStore, Paytm aims to have early movers advantage in the […]

Consumer

Mengniu Dairy looks to expand across Asia-Pacific with Lion Dairy & Drinks acquisition, says GlobalData

Following the news that the Australian Competition & Consumer Commission (ACCC) has given the nod to China Mengniu Dairy Company Ltd (Mengniu) for the proposed acquisition of Lion Dairy & Drinks Pty Ltd (Lion D&D); Shagun Sachdeva, Consumer Insights Analyst at GlobalData, a leading data and analytics company, offers her view: “Mengniu Dairy was already […]

Consumer

Changing consumer preferences shaping the APAC savory snacks market, says GlobalData

Evolving consumer lifestyles and changing dietary preferences are increasingly influencing consumers’ snacking choices in the Asia-Pacific (APAC) region. Time-starved Asian consumers are seeking on-the-go products in new flavors/variants, and are willing to pay extra for better quality and new taste experiences, according to GlobalData, a leading data and analytics company. GlobalData’s report ‘Opportunities in the […]

Oil & Gas

India to spearhead global ammonia capacity additions by 2024, says GlobalData

India is set to lead the capacity additions in the global ammonia industry from planned and announced projects between 2020 and 2024, contributing around 18% of the global growth by 2024, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Ammonia Industry Outlook to 2024 – Capacity and Capital Expenditure Forecasts with […]

Power

Taiwan marching towards record installation of 20GW solar PV by 2025, says GlobalData

Taiwan, which joined the gigawatt (GW) solar PV market club in 2019, is well set to ramp up its solar PV deployment exceeding 2GW annually in coming years to march towards the goal of 20GW in 2025, says GlobalData, a leading data and analytics company. The country installed 1.6GW of new Solar PV capacity to […]

Power

Coronavirus outbreak to impact India’s Sterling and Wilson power business and revenue, says GlobalData

Sterling and Wilson, one of the leading India-based engineering, procurement and construction (EPC) players in the power sector, recently issued a statement that the spread of coronavirus in China will have an impact on its business in the short-term. Some of the company’s critical suppliers have stopped production, which is expected to commence only by […]

Oil & Gas, Uncategorised

China to lead Asian refinery crude distillation unit capacity additions through 2024, says GlobalData

China is expected to lead Asian refinery crude distillation units (CDUs) capacity additions by 2024, accounting for about 46% of the total capacity additions from planned and announced (new-build) projects, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Refinery Crude Distillation Units (CDU) Outlook to 2024 – Capacity and Capital Expenditure […]

Consumer

Australian dairy and soy food sector set to reach US$9.8bn by 2023, says GlobalData

Driven by drinkable yogurt category, the Australian dairy & soy food sector is forecast to grow from A$10.8bn (US$8.14bn) in 2018 to A$13.2bn (US$9.77bn) by 2023, at a compound annual growth rate (CAGR) of 4.0%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Country Profile: Dairy & Soy Food in Australia’, reveals that […]

Consumer

APAC prepared meals market is forecast to be worth US$38.4bn by 2023, says GlobalData

Driven by rising urbanization and busy lifestyle of consumers, the Asia-Pacific (APAC) prepared meals sector is forecast to reach US$38.4bn by 2023. The APAC region is expected to record the fastest growth in both value and volume terms at compound annual growth rates (CAGRs) of 5.4% and 3.7% respectively, during 2018–2023, says GlobalData, a leading […]

Consumer

Food Revolution Group set to meet growing demand of hand sanitizers amidst coronavirus outbreak, says GlobalData

Following the news that The Food Revolution Group looks increase the production of hand sanitizer to meet the mounting demand in the Asia-pacific (APAC) region in the wake of growing public concerns amidst the coronavirus outbreak; Shagun Sachdeva, Consumer Insights Analyst at GlobalData, a leading data and analytics company, offers her view: “Australia-based consumer good […]

Consumer

Majority of APAC consumers are more inclined towards traditional flavors of alcoholic beverages, says GlobalData

Nearly 53% of consumers in the Asia-Pacific (APAC) region like to stick to traditional flavors of alcoholic beverages, whereas 22% and 21% of them prefer unusual and new flavors, respectively. With the traditional and familiar flavors remaining the most preferred choices by the APAC consumers, it is lucrative for the already-popular brands, says GlobalData, a […]

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Japanese hot drinks sector is forecast to reach US$23.7bn in 2023, says GlobalData

Coronavirus to wipe US$8.3bn off APAC duty-free market in 2020, says GlobalData

India’s hot drinks sector poised to grow at 10% CAGR through 2023, says GlobalData

Bega Cheese looks to strengthen presence in spreads market with launch of reduced salt version of Vegemite in Australia, says GlobalData

Hong Kong’s construction industry to witness another year of downswing in 2020, says GlobalData

J-beauty set to become next mega trend in global cosmetics market, says GlobalData

Hong Kong foodservice profit sector is forecast to be worth US$24bn by 2023, says GlobalData

Acquisition of Be & Cheery will solidify PepsiCo’s savory snacks offerings in China, says GlobalData

Convenience and experience emerge as differentiating factors in dynamic retail environment, says GlobalData

Paytm’s local focus via MyStore provides a key advantage in India’s digital commerce expansion, says GlobalData

Mengniu Dairy looks to expand across Asia-Pacific with Lion Dairy & Drinks acquisition, says GlobalData

Changing consumer preferences shaping the APAC savory snacks market, says GlobalData

India to spearhead global ammonia capacity additions by 2024, says GlobalData

Taiwan marching towards record installation of 20GW solar PV by 2025, says GlobalData

Coronavirus outbreak to impact India’s Sterling and Wilson power business and revenue, says GlobalData

China to lead Asian refinery crude distillation unit capacity additions through 2024, says GlobalData

Australian dairy and soy food sector set to reach US$9.8bn by 2023, says GlobalData

APAC prepared meals market is forecast to be worth US$38.4bn by 2023, says GlobalData

Food Revolution Group set to meet growing demand of hand sanitizers amidst coronavirus outbreak, says GlobalData

Majority of APAC consumers are more inclined towards traditional flavors of alcoholic beverages, says GlobalData

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