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GlobalData
GlobalData

Consumer

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UK Retail-Restaurant partnerships set to increase as foodservice sector looks for new ways to survive energy bills crisis, says GlobalData

Retail-restaurant partnerships that see restaurants situated in retail or grocery stores are not a new thing but could increase in popularity as the foodservice sector looks for new ways to survive the UK energy bills crisis, according to GlobalData, a leading data and analytics company. In a sign of things to come, the Boparan Restaurant […]
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‘Indulgent’ food categories to be hit hard globally as consumers prioritize spending on essentials amid inflation rises, says GlobalData

The ‘indulgent’ food segment, which includes chocolate and confectionery categories as well as savory snacks and ice cream, is at ‘high risk’ to global inflationary pressure, writes GlobalData. The leading data and analytics company notes that the segment is only due to rise by 2.2% in volume CAGR 2021-2024. Chocolate and confectionery will be one […]
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PAG acquisition of Patties, Vesco in Australia saturated savory snacks market may benefit in long-term, opines GlobalData

PAG, a Hong Kong-based affiliate of the Blackstone Group, has agreed to acquire Australia-based savory snacks manufacturer Patties Foods and ready-meals manufacturer Vesco Foods for an estimated $472 million. The move adds home leading brands such as “Four’n Twenty” and “Lean Cuisine” to its portfolio. However, these acquisitions will only be beneficial for PAG in […]
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Clean beauty will be a mainstay in 2022/23 skincare trends as a result of the cost-of-living crisis, says GlobalData

With consumers returning to social life following the easing of COVID-19 restrictions, GlobalData expects skincare brands to have a surge in popularity as consumers put a greater focus on ‘clean beauty’*. Furthermore, global inflation and the cost-to-living crisis will lead to consumers purchasing fewer and healthier skin products in order to save money. According to […]
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The US foodservice profit sector sales will grow by 4.8% CAGR through 2026 with consumers returning to pre-pandemic lifestyles, says GlobalData

The US foodservice profit sector will grow at a compound annual growth rate (CAGR) of 4.8% from $909.3 billion in 2021 to $1.1 trillion in 2026 as consumers return to their pre-pandemic lifestyles, visiting cafés and restaurants to socialize and indulge in enjoyable experiences, says GlobalData. The leading data and analytics company’s latest report, ‘United States […]
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Coffee and tea shop sales in the US will increase by 10.5% by end of 2022 despite cost of living crisis, says GlobalData

Despite consumers battling against the rising cost of living, coffee and tea shops are currently the least at risk from emerging frugality trends owing to their low-value position and established habit in many consumers’ daily routines, found GlobalData. The leading data and analytics company notes that the businesses most at risk include leisure venues, pubs, […]
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Revlon’s position as a ‘traditional laggard’ is a key reason for its tumble into bankruptcy, reveals GlobalData

Companies identified as ‘Traditional Laggards’ such as Revlon will struggle to be successful moving forward as they are not investing in disruptive themes Revlon’s cosmetics rival, L’Oréal, is identified as a disruptive leader due to its involvement with corporate venture capital (CVC) deals and for filing patents in disruptive themes, and continues to report strong […]
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Reliance Retail can deliver India’s first major carbonates private label with Campa Cola relaunch, opines GlobalData

Reliance Retail Ventures, a division of Reliance Industries, has recently acquired Campa Cola, an iconic Indian carbonates brand, from Pure Drinks Group for an estimated INR220 million ($2.8 million). The retailer has now relaunched Campa Cola in the cola, orange, and lemon flavors in select stores. With this move, Reliance Retail can potentially give India […]
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Zomato switches to premium play with inter-city services to reinvigorate food delivery business in India, says GlobalData

Following the news that Zomato has launched a new inter-city food delivery service ‘Intercity Legends’; Bobby Verghese, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “To reinvigorate its food delivery business, Zomato is experimenting with new value-added services by leveraging its existing delivery fleet. The launch of a 10-minute delivery […]
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United Spirits sales freeze calling for reforms in $41.9 billion India spirits market likely to be short-lived, says GlobalData

Following the news that United Spirits has paused sales of spirits in Indian states where product prices are capped despite the rising inflation levels: Bobby Verghese, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “Diageo Plc and its Indian subsidiary, United Spirits, commanded 29% of volume share in the 3.3 […]
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COVID-19 dynamics to limit Japan OTC healthcare growth to 0.7% CAGR over 2021-2026, predicts GlobalData

The COVID-19 pandemic has catalyzed the sales of prescription drugs in Japan, leaving the over-the-counter (OTC) healthcare sector in the doldrums. However, the renewed consumer focus on holistic health and wellbeing is expected to spur the demand for health supplements in the long-term. Consequently, Japan’s OTC healthcare market will expand at a modest compound annual […]
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