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The latest move by Uber Eats to introduce food deliveries using robots is a part of the foodservice industry’s wider response to Japan’s growing labor shortage issue, with its population shrinking and growing old. The initiative underlines the paradigm shift that is taking place in the Japanese food delivery space, according to GlobalData, a leading […]
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 […]
HELL Energy looks to tap tech-augmented experiences with AI product for expansion, says GlobalData
The global energy drinks market has presented itself as one of the most stable in recent times, registering continued growth over the past five-year period while many other drinks industries have stalled. Red Bull, Monster, and Rockstar have maintained their dominant share in the high-performing market at the global level over the past decade, resisting […]
Indonesian consumers pivot towards halal cosmetics, says GlobalData
Being home to the world’s largest Muslim population, Indonesia has emerged as a significant global destination for halal cosmetics. In their pursuit of recovery from the COVID-19 pandemic, Indonesian skincare companies are focused on promoting the acceptance of halal cosmetics. The emergence of indigenous halal cosmetics brands is instrumental in fueling the demand for such […]
Health awareness and compatibility with local cuisine drive demand for Japanese sake in India, says GlobalData
Sake, a Japanese alcoholic drink, has been recording a notable rise in its demand from Indian consumers in recent years. Sake imports to India received a boost after the Food Safety and Standards Authority of India (FSSAI) simplified import procedures for the beverage in 2022. The beverage is seeing increased uptake in major urban centers […]
CPG companies brace for sales boost from Tet shopping season in Vietnam, says GlobalData
Tet Nguyen Dan (Tet) is the first day of the lunar new year in Vietnam. The Tet public holidays last a week and mark a period of celebration for Vietnamese families, wherein they reunite and honor their ancestors. The Vietnamese indulge in a great deal of shopping, starting weeks before Tet, making it one of […]
Vietnam’s new nutritional labeling mandates reflect rising health awareness post-COVID-19, says GlobalData
Vietnam’s push for new nutritional labeling mandates underscores a growing consumer trend toward health consciousness post-COVID-19 pandemic. With majority of Vietnamese consumers influenced by health labeling, the initiative aims to align food and drink companies with international standards, boost transparency, and enhance public health. As the government drives compliance, consumers stand to benefit from informed […]
Luxury maisons venture into foodservice to tap experimental consumers in Asia, says GlobalData
The luxury landscape in Asia has seen a significant transformation in recent years, with renowned luxury maisons venturing into the food and beverage space as they look to entice consumers who are more “experience-driven”, says GlobalData, a leading data and analytics company. The trend is now expanding into more Asian countries given the region’s rising […]
APAC consumers reluctance to forego taste for fortified benefits shapes innovation in food and drinks, says GlobalData
There is an ongoing and undeniable shift in how consumers perceive the quality of a product as they attach greater value to consumption experiences, even while looking to make healthier choices when it comes to the food and drinks they buy. This highlights the need for brands to diversify flavor and texture attributes to create […]
Valentine’s Day marketing embraces individualism in India as brands defy stereotypes, finds GlobalData
As Valentine’s Day approaches, brands are leveraging the spirit of love to craft innovative and inclusive marketing strategies, resonating with India’s increasingly individualistic consumers. Embracing diversity and self-expression, companies are tapping into the desire for personalized experiences, driving sales by offering products that align with the values and interests of a youthful demographic, says GlobalData, […]
Brands step up digital marketing as social media dominates consumer motivations in APAC, says GlobalData
Digital platforms make consumption experiences more convenient and exciting, especially for young consumers who are often more influenced by technology and social media when making purchase decisions. This is in line with 43% of Asians who revealed that they are very/quite likely to purchase a product based on recommendations or endorsements based on social media […]
Heightened health and wellness concerns spur demand for dietary supplements in APAC, says GlobalData
The onset of winter results in a rise in the number of community outbreaks in Asia-Pacific (APAC), fuelling the demand for immunity-boosting nutritional supplements in the region. In addition, elevated health awareness in the aftermath of COVID-19 has also spurred the need for supplements, especially for vitamins C and D. Against this backdrop, manufacturers are […]
Malaysia hot coffee category surges with innovative flair and consumer-focused adaptability, reveals GlobalData
Fuelled by innovative products and attuned to consumer preferences across both off-trade and on-trade channels, the Malaysian hot coffee category is experiencing significant growth. The recent insights into Malaysia’s hot drinks market underscore a compound annual growth rate of 4.5% between 2022-2027 in the hot coffee category. This growth reflects the market’s flexibility in meeting […]
Modified atmosphere packaging solutions will be game changer for fresh produce, says GlobalData
StePacPPC launched modified atmosphere packaging (MAP) films, which is expected to significantly reduce the wastage and transportation cost of fresh mushrooms. As concerns regarding the wastage of fresh vegetables and fruits remain high due to a lack of proper packaging solutions, modified atmosphere packaging solutions will be a game changer for the global fresh food […]
Functional snacking will reshape APAC food industry, says GlobalData
Changing dietary preferences and increasing health awareness are the key factors propelling the demand for functional food products in Asia-Pacific (APAC). Meanwhile, the growing awareness of lifestyle-related diseases and the importance of preventive healthcare are also encouraging consumers to seek out foods that promote better health outcomes and overall well-being, which will lead to the […]
Asia foodservice landscape transforms with growing adoption of AI, says GlobalData
Technology is fast emerging as a crucial tool for the ever-changing foodservice landscape in Asia by seamlessly transforming the dining experience of customers into a futuristic affair. Players in the foodservice sector, especially quick-service restaurants (QSR), are deploying innovative artificial intelligence (AI) tools to enhance customer experiences as well as improve operational efficiencies to boost […]
Rise of ketogenic dietary preference spurs high protein launches in Asia, says GlobalData
Growing awareness of the significance of a ketogenic diet for weight loss and weight management is driving consumers to read labels and ingredient lists when shopping for food and drinks. Brands are therefore focusing on innovations to keep up with changing consumer demands for high protein products, says to GlobalData, a leading data and analytics […]
Plant-powered innovations will transform Indian meat substitutes market, says GlobalData
Despite the challenging financial situation caused by job losses and high inflation, the Indian meat substitutes market has been recording a notable rise, albeit from a small base. Driven by plant-powered innovations, the Indian meat substitutes market is projected to expand at a value compound annual growth rate (CAGR) of 6%–8% over 2022–27*, according to […]
Innovative beverage alternatives gain traction in New Zealand as health concerns rise, says GlobalData
The New Zealand beverage industry is being reshaped, with more consumers abstaining from alcoholic drinks in favor of healthy alternatives. This trend is particularly high among Gen-Z consumers, 40% of whom state that they no longer consume alcohol/never have consumed alcohol*, according to GlobalData, a leading data, and analytics company. Tim Hill, Key Account Director […]
Growing demand for clean label products drives innovations in South Korea, says GlobalData
Consumers have now become increasingly aware of the environmental impact of their choices and expect brands to make their businesses more sustainable, thanks largely to social media, environmental organizations, and activists. About 65% of South Koreans surveyed insist they would stop buying from a brand if they do not have a sustainable supply chain*. Brands […]