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GlobalData
GlobalData

Consumer

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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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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