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GlobalData

Consumer

Local ingredient sourcing key for plant-based proteins to attain price parity with animal meat in Malaysia, opines GlobalData

Pricing has become a major pain point for plant-based meat alternatives in light of the cost of living crisis over the past year. Localized production and ingredient sourcing are potential pathways for plant-based protein companies to rationalize product costs. Going forward, price parity will be a key factor in bolstering the growth of the Malaysian […]
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P&G taps Lazada to capitalize on growing demand for personalized haircare solutions in Southeast Asia, says GlobalData

Procter & Gamble (P&G), a multinational consumer goods company, recently announced its partnership with Lazada, one of Southeast Asia’s major e-commerce platforms, to launch #HairDNA, a haircare microsite for consumers, in the region. The initiative is aimed at tapping the growing demand from young consumers for personalized haircare solutions in Southeast Asia, according to GlobalData, […]
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Cinepolis India targets to invoke nostalgia among consumers through new beverages, says GlobalData

Cinepolis India, a movie exhibitor chain, launched three novel flavors in its summer cooler beverage assortment: Masala Magic, Mango Magic, and Kala Khatta. This initiative underlines Cinepolis’ plan to work towards enhancing the overall movie-watching experience for Indian movie patrons, mainly children. Along with children, the company also aims to invoke the nostalgia element among […]
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Lactose-intolerance to create opportunities for plant-based dairy alternatives in India, says GlobalData

Plant-based dairy alternatives remain a relatively niche market in India due to the lack of consumer awareness and the high price per liter of such products. Despite this, India remains a promising market for dairy substitutes, given the burgeoning and economically empowered middle class and increasingly eco-conscious Millennial and Gen Z consumer cohorts. Spurred by […]
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Tata Consumer Products looks to capitalize on rapidly growing iced/RTD coffee drinks market in India, says GlobalData

Tata Consumer Products, the food and beverages arm of the Indian conglomerate Tata Group, introduced Tata Coffee Gold-Cold Brew, a ready-to-drink cold coffee brand that has been launched in three flavors: classic, mocha, and hazelnut. By introducing three different flavors simultaneously, the company plans to target consumers with different tastes and reach a wider consumer […]
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Japanese restaurants accelerate overseas expansion even as domestic foodservice sector recovers, says GlobalData

Kura Sushi, a leading Japanese conveyor-belt sushi chain, opened its first outlet in Mainland China in June 2023, as part of its global expansion plans. With this, it joins the ranks of several Japanese restaurant operators who are aggressively scaling up their overseas presence. Besides targeting revenue growth in the immediate future, the diversification move […]
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Hygiene and health concerns present growth opportunities for packaged street-selling juices in India, says GlobalData

The COVID-19 pandemic elevated consumer focus on food safety and hygiene. For instance, 52%** of Indian respondents stated that hygienic feature is essential for them while making purchases. As a result, rising health and hygiene trend coupled with short shelf-life concerns are expected to present growth opportunities for packaged street-selling juices in India, where the […]
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Consumer interest in health drives growth of functional mushroom ingredients across FMCG industry, reveals GlobalData

Consumer interest in functional mushrooms is rapidly surging as people recognize their potential health benefits. This trend is driving the growth of mushroom-infused products across FMCG industry, from food and beverages to dietary supplements and beauty, as consumers increasingly seek natural and affordable options to support their well-being, reveals GlobalData, a leading data and analytics […]
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APAC health and beauty industry to expand at 4.7% CAGR over 2022–27, forecasts GlobalData

The Asia-Pacific (APAC) health & beauty market is expanding rapidly, propelled by improving macroeconomic conditions, new product launches, a rise in online shopping, and increased manufacturer investment. Moreover, the introduction of new personalized, natural/organic, and multi-functional products will spur market premiumization in the coming years. As a result, the APAC health & beauty market is […]
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Innovative product positioning to drive demand for low-/no-alcoholic drinks in Thailand, says GlobalData

Lifestyle modifications and health & wellness trends are the key factors propelling the uptake of low-/no-alcohol drinks in Thailand. The alcoholic beverages market, particularly beer, has seen notable growth in recent years in Thailand. Fueled by product innovation by leading companies and the recovery of the hospitality industry, the no-/low-alcohol beer market in Thailand will […]
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Product innovation to drive Thai dairy alternatives and meat substitutes market at 3.5% CAGR over 2022–27, says GlobalData

Growing health concerns are the primary factor fueling consumer demand for plant-based dairy, meat, eggs, and seafood alternatives. The alternative protein market in Thailand is booming as manufacturers address various consumer needs and pain points through product innovation. Spurred by the entry of more multinational companies and startups into the space, the dairy alternatives and […]
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Singapore’s Nutri-Grade system effective in promoting innovation in health beverages, says GlobalData

Singapore’s Nutri-Grade nutrient labeling system is proving to be a useful tool in stimulating competition and product innovation in the health and wellness beverages space and curbing sales of unhealthy drinks. Notably, 53% of Singaporean respondents said that health labeling (information on protein/sugar/fiber/carbohydrate content) displayed on the product packaging often or always influences their product […]
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