GlobalData
GlobalData

Consumer

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 […]
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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 […]
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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 […]
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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, […]
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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 […]
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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 […]
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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 […]
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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 […]
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