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Consumer

EU Parliament’s proposed deforestation law sparks interest in lab-grown alternatives to palm oil, says GlobalData

The EU Parliament’s proposed deforestation legislation mandates the prevention of the sale of products linked to forest destruction inside the EU bloc. This move is expected to significantly impact imports of several commodities, including palm oil. Moreover, the EU’s renewable energy directive which requires palm oil-based fuels to be phased out by 2030 will further […]
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Japan’s kaintenzushi restaurant chains eye overseas expansion to offset falling demand in home market, says GlobalData

Japanese kaintenzushi restaurant chains are focusing on geographical diversification to sustain growth and improve profitability. With demand falling in the domestic market due to rising prices and other adverse economic conditions, leading sushi chains aim to capitalize on the popularity of sushi in overseas markets, says GlobalData, a leading data and analytics company. Suneera Joseph, […]
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Singapore’s mandatory ‘Nutri-Grade’ labeling requirements to spur beverage innovation, says GlobalData

Singapore’s Ministry of Health introduced mandatory ‘Nutri-Grade’ labeling regulations and advertising prohibitions for prepackaged beverages and automatic beverage dispensers, effective from December 30, 2022. The move is aimed at encouraging consumers to make informed choices by helping them in identifying less healthy beverages containing high sugar and saturated fat content. In addition to redesigning labels […]
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Dabur India’s distribution network can amplify domestic and export base for Badshah Masala’s spices, says GlobalData

Indian consumer packaged goods (CPG) company Dabur India Limited acquired a 51% equity stake in Badshah Masala Private Limited, a leading domestic producer, marketer, and exporter of powdered spices and seasonings, in January 2023. With this deal worth INR5,875.2 million ($71.2 million), Dabur India gains a foothold in the $1.5 billion* Indian packaged herbs, spices […]
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Reliance eyes to strengthen beverage portfolio with Sosyo Hajoori in India, says GlobalData

Reliance Consumer Products (Reliance), the subsidiary of Reliance Retail Ventures, has agreed to acquire 50% stake in Gujarat-based Sosyo Hajoori Beverages (Sosyo). The acquisition will strengthen Reliance’s beverage portfolio, owing to Sosyo’s expertise in different flavor formulations and homegrown flavors appealing to Indian consumers. On the other hand, Reliance’s strong distribution network and expertise will […]
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Innovative product launches to propel South Korea meat substitute market to register 6.2% CAGR through 2026, says GlobalData

The demand for meat substitutes in South Korea is set to expand at a healthy pace in the coming years, stimulated by growing health, ethical, environmental, and financial concerns among consumers. New product launches customized for local palates are also catalyzing the demand for meat alternatives. Against this backdrop, the South Korean meat substitute market […]
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Competition heats up in Indian packaged food market with arrival of Reliance’s Independence brand, says GlobalData

Reliance Consumer Products, a subsidiary of Reliance Retail Ventures, announced the pilot launch of its new consumer packaged goods (CPG) brand “Independence” in the Indian state of Gujarat in December 2022. The company plans a nationwide retail rollout in the coming years through its own online and offline retail store network, and local independent stores. […]
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Endometriosis market set to reach $2.72 billion across 7MM in 2030 driven by new gonadotropin-releasing hormone receptor antagonists, says GlobalData

As a result of new gonadotropin-releasing hormone (GnRH) receptor antagonists being introduced to the endometriosis market, its value is expected to increase from $1.05 billion in 2020 to $2.72 billion in 2030 across the seven major markets (7MM*) at a compound annual growth rate (CAGR) of 10%, according to GlobalData, a leading data and analytics company. Amy Murray, Healthcare […]
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China make-up market to surge at 7.4% CAGR through 2026, says GlobalData

The Chinese make-up market will expand to CNY74.6 billion ($11.7 billion) by 2026, registering a compound annual growth rate (CAGR) of 7.4% over 2021–26, even as the sporadic Omicron outbreaks continue disrupting retail operations, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘China Make-Up Market – Assessment and Forecasts to 2026,’ reveals that […]
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Australia make-up market will accelerate by 4.6% CAGR through 2026, forecasts GlobalData

With Australia lifting most of the COVID-19 pandemic control measures, consumers have begun leaving their homes more often, thereby stimulating demand for color cosmetics. Against this backdrop, the Australian make-up market is set to register a compound annual growth rate (CAGR) of 4.6% during 2021-26, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, […]
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