Consumer

Singapore’s race to become global alternative proteins hub to spur domestic meat substitutes sales, says GlobalData

Singapore has emerged as the leading innovation hub for alternative proteins in the Asia-Pacific, aided by government policy support. The city-state has also become one of the most promising markets for meat substitutes in the ASEAN region. As a result, Singapore’s meat substitutes sales will rise at a 7% compound annual growth rate (CAGR) over […]

Consumer

Singapore’s unique coffee culture attracting producers and café operators worldwide, says GlobalData

Singapore is a unique coffee market given that it is a major coffee bean producer and exporter, a global coffee trading hub for the Southeast Asian region, and home to a distinctive café culture. The coffee market growth has gained pace, spurred by the proliferation of coffee roasters and cafés over the last decade, and […]

Consumer

Social media throws up new challenges for hot drinks companies in India, says GlobalData

The healthy living trend has gained traction in India due to the COVID-19 pandemic, and consumers have become more choosy about what they consume. While choosing other hot drinks products such as chocolate-based hot drinks and malt-based hot drinks, consumers are looking for health claims such as “low-sugar” and “immunity-boosting” for better health. Discussions on […]

Consumer

China’s vibrant coffee market set to expand at 8.7% CAGR through 2027, forecasts GlobalData

China has emerged as one of the world’s largest and most dynamic coffee markets despite being a mostly tea-drinking nation. With authorities lifting the Zero-COVID policy, both on-premise and on-the-go consumption of coffee will surge going forward. At the same time, at-home consumption habits acquired during the COVID-19 lockdowns and quarantines will remain stable, supported […]

Consumer

China meat substitutes market at inflection point, gearing up to surge by 12.6% CAGR over 2022–27, says GlobalData

China’s meat substitutes market has reached an inflection point, spurred by the entry of domestic and multinational companies, a surge in product innovations, and favorable government policies. Moreover, health and lifestyle factors are encouraging more Millennials and Gen Z consumers to explore alternative proteins. As a result, value sales of meat substitutes in China will […]

Consumer

L’Oréal acquisition will help Australian beauty brand Aesop global expansion, says GlobalData

Following the news that L’Oréal has agreed to acquire Australian luxury skincare, haircare, and fragrance brand Aesop for $2.5 billion: Lia Neophytou, Lead Analyst of Health & Hygiene at GlobalData, offers her view: “Targeted acquisitions of emerging and established players with engaged audiences have allowed L’Oréal to stay relevant in the rapidly evolving beauty industry. […]

Consumer

Philippines hot drinks sales to rise by 7.9% CAGR through 2027 aided by hospitality sector’s revival, says GlobalData

The Philippines’ hot drinks sector is set to witness premiumization, spurred by product innovations by leading companies and the recovery of the hospitality industry. As the cost-of-living crisis subsides and the economy recovers, more Filipinos will go for specialty tea and coffee. As a result, the Philippines hot drinks sales are projected to reach PHP147.8 […]

Consumer

Indonesia hot drinks sector will expand at 7.9% CAGR through 2027, forecasts GlobalData

On-premise consumption of hot drinks is on the rise in Indonesia due to the lifting of all remaining COVID-19 restrictions on public mobility and gatherings by the end of 2022. Though high inflation will remain a concern in the immediate future, the increasing public outdoor mobility and the rebound in foreign tourist arrivals will boost […]

Consumer

Reopening of economy to spur China hot drinks sales at 6.9% CAGR through 2027, forecasts GlobalData

The resurgence in public outdoor mobility and tourist arrivals, and the proliferation of café chains will spur on-premise consumption of hot tea and coffee in the coming years. Consumer spending on hot drinks will be bolstered by new product launches and marketing campaigns by leading tea and coffee producers. As a result, the Chinese hot […]

Consumer

Vietnam hot drinks sales to surge by 9.1% CAGR through 2027 spurred by product innovation and cafe chain expansion, says GlobalData

The resurgence of social gatherings, celebrations, and tourism activities is bolstering the on-premise consumption of hot drinks in Vietnam. Besides, new product launches and marketing campaigns by leading companies and the expansion of hotel, restaurant, and café (HoReCa) chains are accelerating the recovery of the country’s hot drinks sector. As a result, Vietnam’s hot drinks […]

Consumer

Manga and anime IP nostalgia presents opportunities for Japanese consumer brands to attract young consumers in China, says GlobalData

Japanese cosmetics firm Shiseido Company Limited recently launched a limited edition of its Anessa sunscreen line in China, with packaging inspired by Doraemon, a classic Japanese manga comic character. The new launch is in line with Shiseido’s ‘WIN 2030’ strategy to emerge as the top global beauty brand by 2030 by leveraging its Japanese heritage. […]

Consumer

Bvlgari looks to capitalize on rapidly growing male fragrances market in China, says GlobalData

Bvlgari Fragrance relaunched its Bvlgari Pour Homme Cologne in China by opening a limited-time store at the Zhang Garden fairground in Shanghai. The company also launched an online campaign tagged #BvlgariFragranceMeetsAnotherMe on the popular Chinese social media platform, Weibo, with Chinese actor Yang Yang. The relaunch is timed to capture a share of the niche […]

Consumer

Reliance Consumer relaunches Campa to take on carbonate majors Coca-Cola and PepsiCo in India, says GlobalData

Reliance Consumer Products Limited (Reliance Consumer) relaunched the iconic Indian carbonate brand Campa in March 2023, just in time for the hot Indian summer. The company is leveraging penetration pricing, high marketing expenditure, and its broad retail distribution network to bring Campa at par with the carbonate brands of multinational operators, Coca-Cola and PepsiCo, who […]

Consumer

Thailand baby food market to expand through 2028 led by strong consumer spending, says GlobalData

As Thailand’s economy recovers from the impact of the pandemic, aided by government stimulus and a revival of exports and tourism, consumer spending on baby products is set to increase in the coming years. As a result, the Thai baby food sector is forecast to reach THB30.7 billion ($998.9 million) by 2028, registering a compound […]

Consumer

Taiwan baby food sales will expand through 2028 despite falling birth rates and high inflation, says GlobalData

The decline in live births, high inflation, and government initiatives to promote breastfeeding are constraining baby food consumption in Taiwan (Province of China). However, as consumers revert to the hectic pre-pandemic lifestyles, and more women join the workforce, value sales of baby food will increase in the coming years. As a result, Taiwan’s baby food […]

Consumer

Connecting with gender equality issues can help Indian cosmetics brands win consumer loyalty, says GlobalData

Two Indian cosmetics brands, Lakmé and Sugar Cosmetics, launched distinct marketing campaigns highlighting the theme of women’s empowerment to mark International Women’s Day 2023. Through campaigns linked to relevant social causes, such as women’s rights, these brands are connecting with young Millennial and Gen Z cohorts, who will power the future growth of the $16 […]

Consumer

Philippines exporters eye growing market for healthy convenience foods in Middle East, says GlobalData

The Philippines Department of Trade and Industry promoted Filipino food through its “Outbound Business Matching Mission” in Kuwait, Qatar, and the UAE in February 2023. The trade body aims to tap the growing demand for healthy convenience foods in the Middle East. The demand in the region is spurred by strong household purchasing power despite […]

Consumer

Coles looks to capitalize on growing Thailand health food and drinks market, says GlobalData

Australian retail company Coles has recently signed an agreement with Thai retailer Central Food Retail Company (CFR) to sell 200 “Coles Own Brand” products in Thailand. The deal will unlock new opportunities for Australian farmers and producers in the dynamic Thai food and drinks market, which is set to expand by 5.7% compound annual growth […]

Consumer

Calbee eyes China, North America expansion to counter decline in Japan savory snacks market, says GlobalData

Japanese snack brands company Calbee plans to invest $1 billion over the next three years in mergers and acquisitions, equipment upgrades, and automation to boost efficiency and accelerate growth. The move forms part of the company’s plan to establish itself as a “Made in Japan” brand in China and North America, diversifying its geographic footprint […]

Consumer

Tim Hortons taps Marubeni to capitalize on booming Southeast Asia coffee culture, says GlobalData

Tim Hortons Asia-Pacific recently announced an exclusive agreement with Marubeni Growth Capital Asia (MGCA) to launch its cafes across Singapore. The two companies are also in discussions to expand their collaboration to Malaysia and Indonesia. With the partnership, Tim Hortons is gearing up to tap the post-pandemic revival of the estimated $2 billion coffee & […]

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Consumer

Singapore’s race to become global alternative proteins hub to spur domestic meat substitutes sales, says GlobalData

Singapore’s unique coffee culture attracting producers and café operators worldwide, says GlobalData

Social media throws up new challenges for hot drinks companies in India, says GlobalData

China’s vibrant coffee market set to expand at 8.7% CAGR through 2027, forecasts GlobalData

China meat substitutes market at inflection point, gearing up to surge by 12.6% CAGR over 2022–27, says GlobalData

L’Oréal acquisition will help Australian beauty brand Aesop global expansion, says GlobalData

Philippines hot drinks sales to rise by 7.9% CAGR through 2027 aided by hospitality sector’s revival, says GlobalData

Indonesia hot drinks sector will expand at 7.9% CAGR through 2027, forecasts GlobalData

Reopening of economy to spur China hot drinks sales at 6.9% CAGR through 2027, forecasts GlobalData

Vietnam hot drinks sales to surge by 9.1% CAGR through 2027 spurred by product innovation and cafe chain expansion, says GlobalData

Manga and anime IP nostalgia presents opportunities for Japanese consumer brands to attract young consumers in China, says GlobalData

Bvlgari looks to capitalize on rapidly growing male fragrances market in China, says GlobalData

Reliance Consumer relaunches Campa to take on carbonate majors Coca-Cola and PepsiCo in India, says GlobalData

Thailand baby food market to expand through 2028 led by strong consumer spending, says GlobalData

Taiwan baby food sales will expand through 2028 despite falling birth rates and high inflation, says GlobalData

Connecting with gender equality issues can help Indian cosmetics brands win consumer loyalty, says GlobalData

Philippines exporters eye growing market for healthy convenience foods in Middle East, says GlobalData

Coles looks to capitalize on growing Thailand health food and drinks market, says GlobalData

Calbee eyes China, North America expansion to counter decline in Japan savory snacks market, says GlobalData

Tim Hortons taps Marubeni to capitalize on booming Southeast Asia coffee culture, says GlobalData

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