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GlobalData
GlobalData

Consumer

Policy support and health concerns to drive Chinese meat substitutes market to grow at 7.7% CAGR through 2026, forecasts GlobalData

COVID-19 induced health awareness and favorable government policies are accelerating the sales of meat alternatives in China, the world’s biggest meat market. An increase in the availability of innovative and customized products is also incentivizing consumers to substitute meat with plant-based meat and other meat alternatives. As a result, China’s meat substitutes market is set […]
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Estée Lauder, the second largest global beauty company*, will reap the benefits of acquiring Tom Ford in the long run, says GlobalData

Following the news that Estée Lauder will acquire designer fashion house Tom Ford for $2.8 billion; Lia Neophytou, Senior Health & Beauty Analyst at GlobalData, a leading data and analytics company, offers her view: “Estée Lauder, which was the second largest company in the global beauty* market last year according to GlobalData, has improved its […]
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Medium-sized packaging hit hardest by inflation as customers turn to bulk buying or premiumization to get more bang for their buck, says GlobalData

Products with medium-sized packaging will be hit the hardest by changes to consumer shopping amid rising inflation, says GlobalData, as the leading data and analytics company notes an emerging polarization in the market. Inflation pressures trigger both trading down and premiumization Brands will need to find new ways to increase value for money when it […]
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LMVH looks to evolve from luxury goods brand to lifestyle brand with The Hall by Louis Vuitton restaurant in China, opines GlobalData

Following the news that LVMH Moët Hennessy Louis Vuitton (LMVH) opened its first restaurant “The Hall by Louis Vuitton” in Chengdu, a city in Southwest China: Bobby Verghese, Consumer Analyst at GlobalData, offers his view: “LVMH has recently opened ‘The Hall by Louis Vuitton’ restaurant at the iconic Sino-Ocean Taikoo Li mall located in Chengdu, […]
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Digitalization in the packaging industry will be more influential than sustainability, says GlobalData

Sustainability has been an important focus for the packaging industry for the past few years, but digitalization could now take over as the key driver as supply chain efficiencies and pro-active cost-reductions are required for companies to ride out current inflationary pressures, writes GlobalData. As the leading data and analytics company explains, the global consumer […]
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Aldi takes fourth place in UK grocery market in 2022 as 3.1 million shoppers switch to the discounter, says GlobalData

Discounters are benefitting the most from the cost-of-living crisis, with their low cost and quality credentials appealing to consumers who are shifting their shopping habits to help cope with inflation, says GlobalData. According to the leading data and analytics company, Aldi’s UK grocery market share is forecast to grow 0.3ppts to 7.1% in 2022 meaning […]
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Australian wine market to surge by 4.1% CAGR between 2021–2026 as COVID-19 severity abates, says GlobalData

With the severity of COVID-19 dissipating, consumers have started dining out and socializing more often, and we are now witnessing a resurgence in tourism activity. However, pandemic-induced habits will continue to influence the product choices of Australian wine consumers. Against this backdrop, the Australian wine market will grow from AUD9.8 billion ($7.4billion) in 2021 to […]
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On-premise consumption resurgence to propel Japan wine market to $10.2 billion in 2026, forecasts GlobalData

Even as the COVID-19-induced cocooning behavior and fiscal prudence continue to spur at-home consumption of wine in Japan, on-premise demand for wine is also witnessing a rebound as foodservice and tourism venues resume normal operations, and more cultural and sports events, weddings, and parties are organized. Against this background, the Japanese wine market will grow […]
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Breakfast menus will boost struggling restaurants, as 44% of Americans report high spending in coffee and tea shops, says GlobalData

Restaurants in the US that are struggling to stay afloat should consider selling breakfasts, according to GlobalData, which notes that the breakfast category is the only one not seeing decline. The leading data and analytics company found that 43% of Americans now report eating out less frequently*, but could be tempted to grab a breakfast if it was convenient and affordable. Breakfast sales benefit from 44% of US customers returning to office work According to a consumer survey by GlobalData, 44%* of US […]
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