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GlobalData
GlobalData

Consumer

The applications for augmented reality in the foodservice industry are endless with the market set to reach $152 billion by 2030, says GlobalData

The adoption of augmented reality (AR) in online food delivery is long overdue, and will play an important role in the future of work across the foodservice industry. With the takeaway operator selling price expected to reach $1,195 billion by 2026, specialists have a real opportunity to improve their platforms and services with a unique […]
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Sunflower oil shortages present challenges in price hikes as more than half of UK consumers are worried about their financial situation, says GlobalData

Following the news that brands in the UK are turning to rapeseed oil to cover sunflower oil shortages; Alice Popple, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view: “The lack of availability of sunflower oil is especially worrying for savory snack brands who depend on this ingredient, as changing to […]
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Family responsibilities weigh heavily on UK parents as QUARTER of adults living with children are ‘extremely concerned’ about their mental and financial wellbeing in these uncertain times, says GlobalData

Brexit, the pandemic, the unfolding war in Ukraine, warnings of a cost of living crisis and record inflation have brought an unprecedented period of uncertainty for UK parents who are feeling extremely concerned about their mental stability and financial ability to cope with what lies ahead, according to GlobalData. The leading data and analytics company’s […]
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Kombucha may be next best Malaysian health drink with new affordable launches disrupting the segment, observes GlobalData

With competition heating up in the nascent kombucha drink market in Malaysia, a flurry of new brands and reasonable product launches are happening and reaching the retail shelves. These new product launches are addressing the pain points that have been restraining the mass market adoption of the fermented beverage. Given the positive consumer perception of […]
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Cadbury’s chocolate bar downsize could affect one in ten UK consumers who find large portions equate to value for money, says GlobalData

Following today’s (29 March 2022) news that Mondelez will reduce the size of Cadbury’s Dairy Milk sharing bar; Cloe Legrand, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view: “It was only a matter of time before fast-moving consumer goods (FMCG) producers looked at alternative ways to minimise costs given the recent […]
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Nearly half of global consumers are influenced by changes in society when purchasing products, says GlobalData

Era-defining events that shape the global economy such as the COVID-19 pandemic and the ongoing Russia-Ukraine crisis can also impact consumer sentiment, says GlobalData. According to the leading data and analytics company’s latest consumer survey, 49%* of global respondents are always or often influenced by economic, social or demographic changes in society. While this is […]
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Two years since lockdowns started: ‘Ultra-convenient’ food deliveries now indispensable to UK, says GlobalData

To mark that it has been two years since the UK first entered lockdowns, Ramsey Baghdadi, Consumer Analyst at GlobalData, a leading data and analytics company, highlights the impact of the ‘ultra-convenience’ trend now and going forwards: “In the UK, we have seen peoples’ lifestyles change from ‘on-the-go’ to ‘home-centric’ within the short span of […]
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Plant-based ice creams to gain traction as Malaysia ice cream market set to multiply at 4.7% CAGR through 2026, forecasts GlobalData

Driven by concerns about health, environmental and animal welfare, Malaysian consumers are preferring vegan ice creams lately. Ice cream manufacturers are also adopting sustainable packaging and establishing recycling systems to attract these rising eco-conscious consumers. So, the Malaysian ice cream market is anticipated to grow from MYR915.2m ($220.9m) in 2021 to MYR1,151.6m ($281.3m) in 2026, […]
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Almost half of consumers could boycott brands that do not have a firm stance on Ukraine crisis, says GlobalData

Several Western cosmetics and toiletries players have pulled out of Russia due to the ongoing conflict with Ukraine despite it being a key market, and more brands are likely to follow suit pressured by consumer expectations and faced with an increasingly challenging and uncertain environment, says GlobalData. According to the leading data and analytics company, […]
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Gen Z and millennials’ financial concerns could boost adoption of buy now, pay later schemes from airlines, says GlobalData

Millennials and Gen Z will be the two cohorts driving demand for buy now, pay later schemes as they were hit particularly hard by the pandemic, says GlobalData. The leading data and analytics company notes that airlines partnering with fintech companies to offer these schemes could attract price-sensitive millennial and Gen Z travelers looking for […]
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FSSAI health star rating in line with majority Indian respondents whose purchases are influenced by health labelling, finds GlobalData survey

The Food Safety and Standards Authority of India (FSSAI) will implement a ‘health star rating’ (HSR) system for packaged foods in 2022. Given that health labelling influences the purchasing decisions of Indian consumers, the FSSAI’s HSR will drive the consumer and retailer shift towards healthier foods with higher star ratings, says GlobalData, a leading data […]
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