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The countdown continues to 30 December 2024, when *most companies based in the EU or who supply goods to the EU must be compliant with the new EU Deforestation Regulation (EUDR). The EU Deforestation Regulation (EUDR) is the latest set of EU rules that it hopes will influence global action on climate change by addressing […]
With 34% of UK consumers saying they would not use a deposit return scheme, today’s announced delay in rolling out a UK scheme provides more time to address their concerns, says GlobalData
Following the news that the government plans to delay the rollout of a UK-wide deposit return scheme to 2027, Chris Strong, Managing Consultant and Packaging Analyst Consumer Custom Solutions at GlobalData offers his view: “We know that a majority of UK consumers are supportive of a deposit return scheme. According to GlobalData’s UK consumer survey […]
RTD iced-coffee demand driven by Millennials and Gen Z as a third say they are “high coffee spenders”, says GlobalData
Younger generation’s exposure to a wider range of flavors and tastes at an early age is boosting Millennials and Gen Z adoption of RTD speciality-iced coffee drinks Iced and speciality coffee drinks have emerged as a hot beverage trend, with interest and demand for iced coffee drinks primarily driven by Millennials and Generation Z. This […]
Innovation helping food and beverages industry reduce rigid plastics in product packaging, observes GlobalData
Packaging and consumer goods companies are accelerating their efforts to adopt new innovative materials and processes to replace plastic in product packaging to help meet their plastic reduction goals Rigid plastics are the most used packaging material globally, accounting for approximately one-third (31%) of all packaging materials used in 2019, and are expected to reach […]
“Best of British” messaging grows in popularity as Co-op and Waitrose become latest retailers to launch dedicated website sections, says GlobalData
Co-op and Waitrose join Aldi, Sainsbury’s, Morrisons, and Ocado with dedicated “Best of British” sections on their websites as over half of consumers say they will buy groceries online over the next three months In a bid to cater to a growing consumer preference for locally sourced products, especially in poultry and meats, the Co-op […]
UK night club closures reveal changing Gen Z behavior as one-fifth say they are socializing less outside the home, says GlobalData
As Gen Z spending power grows each year, with the cohort expected to account for *27% of the global workforce by 2025, it’s unsurprising that many food and beverage brands are pivoting towards the evolving needs of this generation.When nightclub owner Rekom UK announced (15 February 2024) that it had called in administrators with the […]
Five key trends in the LATAM food and beverage market emphasize the power of social media and controlled indulgence in 2024, says GlobalData
The emerging trends in Latin America’s food and beverage market offer strong growth opportunities in social shopping, catering to health-conscious consumers and providing superior quality and value The Latin American food and beverage industry looks set for continued success in 2024, following positive growth in 2023. Argentina, Brazil, Chile, Colombia, Mexico, and Peru collectively grew […]
Cash-strapped consumers are looking for quality, affordable, multifunctional dairy and dairy alternative products, says GlobalData
As consumers are looking for affordable quality dairy products in 2024, key category trends will be led by targeted health, healthy snacking, and value skepticism There is optimism that the global economic and financial conditions of high inflation and rising food and energy prices, which have all impacted consumer confidence and post-pandemic spending, will improve in […]
As the luxury market softens brands and retailers could turn to younger generations and international travelers in search of growth, says GlobalData
As sales of luxury goods soften following a pandemic-era surge, with core consumers now cutting back on their spending, luxury brands and retailers will have to work harder for growth and look for new opportunities Since the COVID-19 pandemic, the global luxury market has been booming. In 2023 the luxury market in the US alone […]
Winning more Boomers spend could be the key to recovery for John Lewis and Waitrose after announcing 11,000 jobs cuts
While Millenials and Gen Z are often viewed as the key growth segments, Boomers are still big spenders, and there are things more traditional retailers like John Lewis and Waitrose can do to keep winning their spend. Winning more Boomers spend could play a key role in the recovery of John Lewis and Waitrose after […]
The rise of the “hermit consumer” continues to stall foodservice recovery in 2024, says GlobalData
A new type of consumer has emerged from the post-pandemic recovery. Referred to as the “hermit consumer”, they are staying in more and going out less with continued implications for foodservice. As we begin 2024 there are several reasons to believe that, generally speaking, economic conditions will become more favorable. Global inflation is set to […]
DTC brands turn to a hybrid distribution model to drive future growth post-pandemic, says GlobalData study
New study explores the post-pandemic direct-to-consumer (DTC) era where brands are moving into wholesale distribution by partnering with established retailers. After reaching new heights during the COVID-19 pandemic, with many crashing down soon after, direct-to-consumer (DTC) specialists are entering a new era, according to leading data and analytics company Globaldata. After being forced to shop […]
Virgin Atlantic’s sustainable fuel flight hailed major step forward as demand for SAF set to reach 194 million tonnes by 2050, says GlobalData
Following the news that Virgin Atlantic has completed the first transatlantic flight using 100% sustainable jet fuels (SAF);Caroline Midgley, Director of Biofuels and Chemicals Research at GlobalData, a leading data and analytics company, offers her view on the current status of this new technology:“This is a major step forward for both the company and the […]
Mexico’s premiumization trend offers brand growth opportunities despite economic pressures, says GlobalData
As high inflation leads Mexican consumers to switch to mainstream and discount products Nestle and Preferred Popcorn show there is still a premium opportunity Premiumization has provided the competitive Savory Snacks and Hot Drinks market in Mexico, collectively worth $238.5 million in 2022, representing a CAGR of 4.8%, from 2018 to 2022, with strong opportunities for […]
As retail theft forces shop merchandising back to the 1920s, is the modern store concept under threat? asks GlobalData
Retailers need a multifaceted approach to overcome theft and shrinkage and ensure a secure and enjoyable shopping experience for all. Theft and shrinkage of goods is one of the enduring problems faced by retailers globally. However, recent months have seen a spate of news stories about more eye-catching crimes, including daytime flash mob robberies, observes […]
‘The Great Volatility’ Macro Supercycle: Impacts and insights for the beverage industry in a new age of global economic instability
A new GlobalData whitepaper, ‘The Great Volatility’ Macro Supercycle explores the instability in the current macro environment and the risks and opportunities this will bring for the beverage industry over the next few years.GlobalData Consumer Custom Solutions, one of the leading providers of consultancy services to the Retail, Food, Beverage and Packaging industries, has released a new whitepaper exploring […]
FMCG leaders strive to reduce virgin plastic as consumer pressure grows, says GlobalData
Major FMCG players are making virgin plastic reduction a key target as 75% of consumers indicate a preference for environmentally friendly packaging, according to GlobalData a leading data and analytics company. UN Secretary General António Guterres declared at a recent press conference that, “the era of global warming has ended, and the era of global […]
Medicare’s planned negotiation on US drug prices will offer relief for patients but is of concern to industry, says GlobalData
With rising inflation and a cost-of-living crunch in the US, the passing of the $740 billion Inflation Reduction Act of 2022, which aims to control and lower prescription drug costs, will be welcome news for patients on a budget. However, although its full effects will not be felt until 2026, few pharma companies will be […]
US/China tension must be seen in the context of Taiwan’s TSMC’s critical role in the global semiconductor supply chain, says GlobalData
Following the news of raising tension between the US and China as a result of US House Speaker Nancy Pelosi recent visit to Taiwan; Josep Bori, Research Director in the Thematic team at GlobalData, a leading data and analytics company, offers his view: “While the US House Speaker’s visit to Taiwan adds to geopolitical tension, […]
New EU digital regulations to hit Big Tech hard with business models upended and threat of eye-watering fines, says GlobalData
Following the news of the EU Parliament’s adoption of the Digital Services Act (DSA) and a Digital Markets Act (DMA);Emma Mohr-McClune, Technology Service Director at GlobalData, a leading data and analytics company, comments: “This is one of the most significant pieces of digital regulation in history – and the larger the company, the harder the […]