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With the clean beauty concept starting to open up in the Asia-Pacific (APAC) region lately, multinationals within the cosmetics & toiletries (C&T) industry are revamping their product portfolio with precisely tailored sensory properties and indulgent benefits. Against this backdrop, 35% consumers in APAC are actively looking for products with ‘cruelty-free’ claim while purchasing beauty/grooming products, […]
Foreign companies eyeing opportunities in Japan’s offshore wind market, says GlobalData
Japan has been witnessing an upsurge in the number of companies showing interest in its fledgling offshore wind sector, says GlobalData, a leading data and analytics company. GlobalData’s research reveals that the Japanese offshore market presently stands at a miniscule 68 megawatt (MW). However, 770 MW of capacity is in the pipeline across four projects, […]
39% APAC consumers looking for natural and clean ingredients in beauty products, says GlobalData
Rejecting the idea of incorporation of toxic chemicals, consumers are now looking for natural, unique and clean ingredients in beauty and grooming products. In the Asia-Pacific (APAC) region, 39% consumers proactively seek products that contain only natural ingredients, says GlobalData, a leading data and analytics company. According to GlobalData Consumer Survey Q3 2019, out of […]
Aeon partners with Ocado to challenge Seiyu and Amazon in Japan’s online grocery market, says GlobalData
Following the news that Japanese supermarket group Aeon Co. Ltd. partnered with British online grocer Ocado to develop its e-commerce capabilities; Shagun Sachdeva, Consumer Insights Analyst at GlobalData, a leading data and analytics company, offers her view: “With Japan emerging as an international leader in e-commerce and boasting one of the fastest growing and most […]
Farm-to-fork strategy helped Licious to raise revenues by over 300% in Indian meat industry, says GlobalData
Adoption of ‘product-first’ and farm-to-fork strategy has helped India-based gourmet meat startup Licious to raise its revenues by over 300% and grow daily orders six-fold in the four years since its inception in 2015, says GlobalData, a leading data and analytics company. According to GlobalData’s report, ‘Success Case Study: Licious Meat and Seafood’, Licious capitalized […]
Aging consumers in APAC try authentic and heritage brands, says GlobalData
Strong economic growth in emerging markets in Asia-Pacific (APAC) has empowered older consumers to spend more on new experiences. As a result, brands are targeting aging consumers with new flavors, ingredients, formulations and formats as they are curious to try authentic and heritage products, says GlobalData, a leading data and analytics company. GlobalData’s Consumer 2018 […]
China to account for 27% of global petrochemical capacity additions by 2030, says GlobalData
China is expected to lead the global petrochemical industry capacity growth from planned and announced projects between 2019 and 2030 with 27% share, according to GlobalData, a leading data and analytics company. The company’s report ‘H2 2019 Global Petrochemicals Capacity and Capital Expenditure Outlook – China Leads Global Petrochemical Capacity Additions’ reveals that the total […]
Thailand construction industry set to reach US$27.9bn in 2023, says GlobalData
The Thailand construction industry’s output value in real terms is expected to rise from US$23.5bn in 2018 to US$27.9bn in 2023, measured at constant 2017 US dollar exchange rates, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Construction in Thailand – Key Trends and Opportunities to 2023’ reveals that Thailand had gained the […]
Asia set to drive global phenol capacity growth by 2023, says GlobalData
Asia is expected to drive the global phenol capacity growth from planned and announced projects between 2019 and 2023, contributing around 91% of the global capacity additions by 2023, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Phenol Industry Outlook to 2023 – Capacity and Capital Expenditure Forecasts with Details of […]
Top clean-beauty trends of APAC beauty industry, according to GlobalData
With consumers exploring the latest clean-beauty trends, the beauty industry has seen explosive growth and undergone a significant transformation over the past decade. Against this backdrop, brands in Asia-Pacific (APAC) are trying to diversify and retool their product offerings to boost their ethical product standards and sustain in the evolving landscape, says GlobalData, a leading […]
China continues to expand influence in infrastructure across emerging Asia, says GlobalData
China’s involvement in infrastructure developments in emerging markets across Asia continues to expand, says GlobalData, a leading data and analytics company. According to GlobalData’s report, ‘China’s Involvement In Global Infrastructure’, the total value of infrastructure projects in which Chinese contractors are at least partially involved stands at US$235bn while in South Asia the project values […]
Asia set to drive global acetone capacity additions by 2023, says GlobalData
Asia is set to lead by contributing around 92% of the global acetone capacity growth from planned and announced projects between 2019 and 2023, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Acetone Industry Outlook to 2023 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’, […]
APAC security offerings market revenue to reach US$54.1bn by 2023, says GlobalData
With enterprises of different industry verticals facing information security concerns, the organizations in the Asia-Pacific (APAC) region will continue to invest aggressively to further strengthen their existing security infrastructure. As a result, the APAC security offerings market is expected to grow at a compound annual growth rate (CAGR) of 9.5% between 2018 and 2023 to […]
Managed security services to reach US$20.2bn in APAC by 2023, says GlobalData
In the current age of digitalization, enterprises continue to focus on the critical data assets’ protection against breaches and intrusions. The market of data and security management services, known as managed security services (MSS), is expected to reach US$20.2bn in the Asia-Pacific (APAC) region by 2023 year-end, says GlobalData, a leading data and analytics company. […]
Asia set to contribute 72% of global purified terephthalic acid capacity additions by 2023, says GlobalData
Asia is set to contribute around 72% of the global purified terephthalic acid (PTA) capacity growth from planned and announced projects between 2019 and 2023, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Purified Terephthalic Acid (PTA) Industry Outlook to 2023 – Capacity and Capital Expenditure Forecasts with Details of All […]
Public cloud services to drive cloud computing revenue during 2018-23 in APAC, says GlobalData
With technologies contributing immensely to the strategic business innovation initiatives and cost-efficiency synergies amongst the enterprises, public cloud services are expected to be the major revenue generator of cloud computing in the Asia-Pacific (APAC) region during 2018-2023, says GlobalData, a leading data and analytics company. According to GlobalData’s Market Opportunity Forecasts Model, the public and […]
Cloud computing market revenue to exceed US$250bn in APAC by 2023, says GlobalData
Cloud computing continues to be the catalyst for growth of IT vendors globally. Being one of the most scalable and best supporting technologies, the cloud computing market revenue in the Asia-Pacific (APAC) region is expected to reach US$256bn during the outlook period 2018-2023, says GlobalData, a leading data and analytics company. According to GlobalData’s Market […]
Amazon’s partnership with BookMyShow in India will bring it one step closer to becoming super app, says GlobalData
Following the news that US-based e-commerce giant Amazon has tied-up with online ticket booking platform BookMyShow in India to allow its customers buy movie tickets from within its own app, Shagun Sachdeva, Consumer Insights Analyst at GlobalData, a leading data and analytics company, offers her view: “The strategic move alludes to Amazon’s bigger plan of […]
Out-of-home space in APAC presents opportunities for brands to target time-pressed consumers, says GlobalData
Majority of the consumers across the Asia-Pacific (APAC) region prefer to visit out-of-home destinations on a regular basis. As a result, the region presents opportunities for brands to target busier and time-starved consumers, says GlobalData, a leading data and analytics company. GlobalData’s 2019 Q3 Consumer Survey reveals that 63% consumers in APAC actively buy products […]
India’s dairy and soy food sector poised to grow at 8.5% CAGR through 2023, says GlobalData
Large, young population base with rising disposable income is boosting the Indian dairy & soy food sector, which is forecast to grow at a compound annual growth rate (CAGR) of 8.5% from INR1,324.6bn (US$19.4bn) in 2018 to INR1,993.6bn (US$26.8bn) by 2023, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Country Profile: Dairy & […]