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Robust economic growth and a large population base is driving the China’s dairy and soy food sector, which is forecast to grow at a compound annual growth rate (CAGR) of 6.6% from C¥276bn (US$41.7bn) in 2018 to C¥379.2bn (US$56bn) by 2023, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Country Profile: Dairy & […]
Asia to account for over 50% of global EDC capacity additions between 2019 and 2023, says GlobalData
Asia is set to lead the capacity growth in the global ethylene dichloride (EDC) industry from planned and announced projects, contributing around 53% of the global growth between 2019 and 2023, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Ethylene Dichloride (EDC) Industry Outlook to 2023 – Capacity and Capital Expenditure […]
Miniso partners Amazon and Flipkart to boost festive sales in India, says GlobalData
Following the news that Japanese retailer Miniso and e-commerce majors Amazon India and Flipkart have entered into a strategic partnership just ahead of their annual ‘Great India Festival’ sale and ‘Big Billion Days’, respectively to leverage the reach of e-commerce giants, Shagun Sachdeva, Consumer Insights Analyst at GlobalData, a leading data and analytics company, offers […]
China to contribute 46% to global phthalic anhydride capacity in 2019, says GlobalData
China is set to lead with the largest active capacity contribution in the global phthalic anhydride industry, contributing around 46% of the global capacity in 2019, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Phthalic Anhydride Industry Outlook to 2023 – Capacity and Capital Expenditure Forecasts with Details of All Active […]
Nestle unveils world’s largest Milo plant in Malaysia to meet growing demand across APAC, says GlobalData
Following the news that Nestle has unveiled the world’s largest Milo production unit in Malaysia with an investment of more than US$21m to cater to the growing demand in domestic and neighboring countries across the Asia-Pacific (APAC) region, Shagun Sachdeva, Consumer Insights Analyst at GlobalData, a leading data and analytics company, offers her view: “The […]
Thai cuisine Butterfly pea resurging in APAC region, says GlobalData
Butterfly Pea Flower of deep blue flowering plant, known as Clitoria ternatea, native to Asia Pacific (APAC), is gaining traction for its purported nutritive and high medicinal value in the region, catering to the evolving consumer demand for its clean-label properties. Generally known as Asian pigeonwings, this flower provides a varied opportunity to the f&b […]
Young consumers seek new and innovative variants of bakery and cereals in APAC region, says GlobalData
Large base of young consumers seeking novel and innovative products is driving the demand for Bakery & Cereals in the Asia-Pacific (APAC) region. These consumers often seek new flavors/variants and are willing to pay extra for experiencing a new taste, according to GlobalData, a leading data and analytics company. According to the company’s report, ‘Opportunities […]
Change in consumer perception and product innovation fueling growth in private label space in APAC, says GlobalData
The consumer attitudes towards store brands have evolved radically to a point where they no longer suffer the stigma of perceived inferior quality products. The change in consumer mindset in Asia-Pacific (APAC) has been caused by the improvement of quality across private label offerings, says GlobalData, a leading data and analytics company. To win over […]
Asia and Middle East to drive entire global expandable polystyrene capacity growth by 2023, says GlobalData
Asia and the Middle East are expected to drive the entire capacity growth in the global expandable polystyrene (EPS) industry from expansion projects (planned and announced projects) between 2019 and 2023, according to GlobalData, a leading data and analytics company. The company’s report, ‘Global Expandable Polystyrene (EPS) Industry Outlook to 2023 – Capacity and Capital […]