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The Ukraine-Russia conflict is expected to impact food sectors such as bakery and cereals severely in the coming months, notes GlobalData. The leading data and analytics company explains that prior to the conflict, the global bakery and cereal sector was forecast to grow from $625.8 billion in 2020 to $792.9 billion in 2025, representing an overall gain […]
Brands differentiating with Women’s Day themes in India, says GlobalData
Social responsibility has emerged as a mainstream theme in recent times for brands to attract consumers in India. Consumers too seem to be flocking towards those brands that are perceived to be socially responsible. To make the most out of such opportunities, companies have begun to build their marketing activities around major themes such as […]
International fast food restaurants will have more challenges than other sectors to withdraw operations in Russia, says GlobalData
Following calls from international brands to pull out of Russia due to its invasion of Ukraine; Ramsey Baghdadi, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “McDonald’s and other fast food outlets are under pressure to withdraw from the Russian market however, this is easier said than done for the […]
Russian vodka brands face pressure due to the ongoing crisis, says GlobalData
Following the Russian invasion of Ukraine, there have been calls to boycott Russian brands with the country’s most famous commodity, vodka, bearing the brunt of these boycotts, says GlobalData. Notably, the US government has put sanctions on state-run liquor stores to stop selling Russian-made vodka and distilled spirits, while many private establishments are taking the […]
Novel, unique flavors to drive Japan seasonings, dressings & sauces market growth through 2026, reveals GlobalData
Companies are focusing more on novel and unique flavors which will appeal to a larger audience, without compromising on convenience and versatility. Driven by these novelties, Japan seasonings, dressings & sauces market is projected to grow from JPY2,093.8bn ($19.9bn) in 2021 to JPY2,242.9bn ($24bn) in 2026 at a compound annual growth rate (CAGR) of 1.4%, […]
Health and wellness to drive South Korea seasonings, dressings & sauces market at 3.1% CAGR through 2026, says GlobalData
Condiments sauces, which are fermented and contain probiotics, are quite popular in South Korean market. Encouraged by this, the South Korean seasonings, dressings & sauces market is projected to grow from KRW2,115.3bn ($1.8bn) in 2021 to KRW 2,460.6bn ($2.2bn) in 2026, at a compound annual growth rate (CAGR) of 3.1% during the period, forecasts GlobalData, […]
Seasonings, dressings & sauces market in Malaysia to grow at 4.5% CAGR through 2026, finds GlobalData
Malaysia seasonings, dressings & sauces market is projected to grow from MYR2.2bn ($527.4m) in 2021 to MYR2.7bn (U$664m) by 2026 at a compound annual growth rate (CAGR) of 4.5% over the five-year period 2021–2026, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Malaysia Seasonings, Dressings & Sauces – Market Assessment and Forecasts to […]
Seasonings, dressings & sauces market of Philippines to reach $1.4bn through 2026, says GlobalData
Amid COVID-19, home-cooking has become a trend in the Philippines seasonings, dressings & sauces market in recent years. Consequently, the Filipino seasonings, dressings & sauces market is projected to grow from PHP57bn ($1.1bn) in 2021 to PHP73.9bn ($1.4bn) by 2026 at a compound annual growth rate (CAGR) of 5.3 % over the five-year period of […]
Thailand’s seasonings, dressings & sauces market to grow at 3% CAGR through 2026, says GlobalData
Thai consumers are seeking for healthier seasonings, dressings & sauces to elevate their meal and snack occasions. Consequently, the Thai seasonings, dressings & sauces market is projected to grow from THB50.6bn ($1.6bn) in 2021 to THB58.5bn ($2bn) by 2026 at a compound annual growth rate (CAGR) of 3% over the five-year period 2021–2026, says GlobalData, […]
SESH presents new opportunities for hard seltzers with inclusive, diabetic-friendly formulation, says GlobalData
The past couple of years have seen an increased number of companies breaking into the hard seltzer market with new launches, says GlobalData. However, the leading data and analytics company found that new innovations are needed to remain competitive and engage with the 53%* of US consumers who are worried about their health. Chloe Gbadero, […]
AB InBev’s investments in premium and NoLo beers drive company’s growth, says GlobalData
Following today’s (24 February) news that AB InBev reported beer and non-beer volumes growth of 3.4% and 3.8%, respectively, in Q4 2021; Peter Ramshaw, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “Premium and super-premium products continue to gain relevance globally with these segments recording 20% revenue growth in FY21 […]
Kirin divestment of Chinese JV driven by slowdown in soft drinks sales, observes GlobalData
Japanese multinational beverage firm Kirin Holdings Co. Ltd has recently agreed to divest 40% equity in China Resources Kirin Beverages (Greater China) Company Ltd., a joint venture (JV) company in China, to the Chinese fund, Plateau Consumer for JPY115bn ($994m). Given Kirin’s renewed focus on the profit margins, the divestment comes as no surprise, especially […]
Seasonings, dressings and sauces market in Australia to grow at 3.1% CAGR through 2026, forecasts GlobalData
Driven majorly by dry cooking sauces category, the Australian seasonings, dressings & sauces market is projected to expand from AUD3.9bn ($2.9bn) in 2021 to AUD4.6bn ($3.4bn) in 2026, at a compound annual growth rate (CAGR) of 3.1%, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, ‘Australia Seasonings, Dressings & Sauces – Market Assessment […]
Indonesia seasonings, dressings and sauces market to reach $5bn in 2026, forecasts GlobalData
High quality ingredients and clean label recipes are becoming prominent differentiators for seasonings, dressings & sauces products in Indonesia. Subsequently, the seasonings, dressings & sauces market is projected to grow from IDR58.3 trillion ($4bn) in 2021 to IDR78 trillion ($5bn) in 2026, at a compound annual growth rate (CAGR) of 6% over the five-year period, […]
Dietary preferences to drive China seasonings, dressings & sauces growth at 6% CAGR through 2026, forecasts GlobalData
The COVID-19 pandemic has altered consumer dietary habits and preferences, spurring more demand for seasonings, dressings & sauces. The Chinese seasonings, dressings & sauces market is projected to grow from CNY152.2bn ($22.2bn) in 2021 to CNY203.8bn ($30bn) by 2026, at a compound annual growth rate (CAGR) of 6%, forecasts GlobalData, a leading data and analytics […]
Home-cooked food to drive India’s seasonings, dressings and sauces market at 6% CAGR through 2026, forecasts GlobalData
The growing trend towards home-cooked meals amid the COVID-19 pandemic has fueled the demand for seasonings and sauces. Subsequently, India’s seasonings, dressings & sauces market is projected to grow from INR217bn ($2.9bn) in 2021 to INR290.6bn ($3.4bn) in 2026, at a compound annual growth rate (CAGR) of 6.0%, says GlobalData, a leading data and analytics […]
Heineken’s premium range flourish amid high consumer price inflation, says GlobalData
Following today’s (February 16, 2022) release of Heineken’s trading results; Ethan Elliott Maddison, Beverage Analyst at GlobalData, a leading data and analytics company, offers his view: “Heineken’s impressive growth, surpassing 2019 in many key areas, will give the optimistic message to the market that post-COVID-19 recovery is more than obtainable. The results come at a […]
PepsiCo’s ingredients and packaging innovations may reinforce brand loyalty despite price hikes, says GlobalData
Following the fourth quarter and final year announcement results from PepsiCo; Chloe Gbadero, Senior Beverage Analyst at GlobalData, a leading data and analytics company, offers her view: “PepsiCo has comfortably exceeded initial expectations in Q4, driven by effective net pricing and higher advertising and marketing expenses. “However, it’s not been smooth sailing. Rising inflation has […]
Coca-Cola shines in fourth quarter by meeting changing consumer demands, says GlobalData
Following the fourth quarter and final year announcement results from Coca-Cola; Thomas Evans, Beverage Analyst at GlobalData, a leading data and analytics company, offers his view: “Coca-Cola’s ability to adapt to evolving health and digital trends has placed it in a frontrunner position. The company continues to be a flag bearer in the industry following […]
Unilever’s price hikes may push 32% of consumers to opt for more affordable private labels, says GlobalData
Following today’s (10 February 2022) release of Unilever’s trading results; Nina Nowak, Senior Researcher at GlobalData, a leading data and analytics company, offers her view: “Unilever has performed well despite rocky conditions, as at home trends continue to fuel online shopping, as well as growth in snacking and beauty and household product categories. That being […]