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Following today’s (3 February 2022) release of Estee Lauders’ trading results; Nina Nowak, Senior Researcher at GlobalData, a leading data and analytics company, offers her view: “Estee Lauder’s premium image combined with limited offers has likely maximized demand during the holiday period. Indeed, according to GlobalData’s Q4 2021 consumer survey, 47% of global shoppers point […]
KP cyber-attack won’t be the last, as top consumer brands fall short when it comes to cybersecurity, says GlobalData
Following today’s news (Thursday 3 February) that KP Snacks will limit the size of orders to retailers after a ransomware attack; George Henry, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “The attack on KP Snacks is unfortunately unsurprising, given the rapid increase of cyber-attacks. We are likely to see […]
Valentine’s Day top categories to focus on indulgence and fun this year, according to GlobalData survey
Premium positioning is a common theme present in GlobalData’s top Valentine categories, namely, prepared meals and meal kits, makeup, perfume, grooming products, and confectionery, as well as adult toys. The leading data and analytics company’s latest survey reveals that 58%* of people globally prefer medium- to high-priced confectionery, while hair and skincare stand at 56% […]
Tesco is dropping deli in response to plant-based preference, says GlobalData, as 62% of people try to reduce red meat consumption
Following the announcement from Tesco that it will cut 1,600 jobs and close its meat, fish and deli counters in 317 stores; Ana Purcaroiu, Senior Consumer Analyst at GlobalData, a leading data and analytics company, offers her view: “Consumers are shifting towards plant-based products, with 62%* of people surveyed by GlobalData actively trying to reduce […]
Diageo’s sales supported by high spend on spirits and continued home-drinking trends, finds GlobalData
Following today’s news (27 January) that Diageo has posted a 16% rise in first-half sales; Carmen Bryan, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view: “The pandemic-born trend of at-home drinking isn’t likely to die down any time soon, with many people substituting nights on the town for home-made cocktails […]
Pets at Home sees record sales as 86% of UK consumers spend medium-to-high amounts on pet products, finds GlobalData
Following today’s news that Pets at Home is forecasting record sales; Ryan Whittaker, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “Pets at Home has benefitted from the ‘pet-mad’ period of COVID-19 lockdowns that saw a rise in pet ownership. In a survey by GlobalData, almost a third (32%) of […]
Unilever’s restructure reflects the challenges of engaging with COVID-concerned consumers, says GlobalData
Following the announcement that Unilever will cut 1,500 management jobs; Ramsey Baghdadi, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “Although COVID-19 restrictions have been alleviated in many countries, 45%* of consumers are still concerned about the pandemic when visiting shops, according to a survey by GlobalData. Shop visitor numbers […]
Personal hygiene products sales to skyrocket with COVID-19 third wave beginning to hit APAC, forecasts GlobalData
With the Omicron cases rising, countries across the Asia-Pacific (APAC) region are once again mulling about lockdowns and restrictions, despite the potential economic fallout and public protests. Consumers are turning more particular about personal cleanliness and sanitation, which is driving the sales of personal hygiene solutions. Subsequently, manufacturers are gearing up to roll out innovative […]
Tata’s IPL title sponsorship rights acquisition possibly launchpad for online shopping and ecommerce TataNeu app, says GlobalData
With the acquisition of the sponsorship rights for the Indian Premier League (IPL) in January 2022, Tata Group is eying for an opportunity to commercially launch the all-in-one ‘TataNeu’ app to benefit the e-commerce and online shopping consumers. The app, which includes online grocer BigBasket, is expected to appeal to all the time-constrained consumers, says […]
Reliance investment in Dunzo signifies rise and importance of q-commerce in India, says GlobalData
Reliance Retail has acquired 25.8% stake in India-based quick commerce (q-commerce) delivery firm Dunzo for $200m (INR14.88bn). The acquisition will not only enable Reliance to synergize its retail footprint with last mile connectivity but also help to improve delivery capabilities to support the growth of its retail operations, says GlobalData, a leading data and analytics […]
ReMade in Australia will encourage consumers opt sustainable packaging for holiday gifts, says GlobalData
Australia recently unveiled a national campaign ‘ReMade in Australia’ to encourage residents to recycle more, and purchase products with more recycled content, and thereby contribute to ‘green economy’ jobs. The new initiative is timed right to prioritize recyclable packaging during the festive season, says GlobalData, a leading data and analytics company. GlobalData’s Q3 2021 consumer […]
Illicit tobacco market poses threat to success of New Zealand tobacco ban, says GlobalData
Following New Zealand’s announced tobacco ban; Ramsey Baghdadi, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “The New Zealand government has numerous challenges for the ban to be fully effective, including implementing stricter regulations on the tobacco black market and banning e-cigarettes. “Over time, tobacco prices have increased throughout New […]
Gaming and NFT digital art will add value to restaurant brands post-pandemic, says GlobalData
Ramsey Baghdadi, Consumer Analyst at GlobalData, comments: “Foodservice took a dramatic hit during the pandemic – restaurants, for example, aren’t expected to surpass their 2019 value performance until at least 2023. Engagement with target consumer groups will be key to recovery, and engaging with consumers through emerging digital platforms is one way.” Examples of such […]
Asda draught beer trial to leverage sustainable packaging while showcasing smaller brewers, says GlobalData
Asda could be onto a winner with its Craft on Draft partnership, according to GlobalData, whose survey shows almost 60%** of consumers see the use of reusable or refillable packaging as important. The leading data and analytics company notes that sustainable shopping is a way in which supermarkets such as Asda can appeal to environmentally […]
GlobalData’s breakdown of key packaging material’s environmental benefits and challenges
A survey by GlobalData* found that 69% of consumers feel the sustainable sourcing of packaging materials is important, but nearly a fifth believe that information provided by companies on packaging sustainability is unreliable – and who could blame them? The sustainability of materials is a complex issue, and the leading data and analytics company notes […]
New food safety regulations to open up market for hemp-based products in India, says GlobalData
With hemp (Cannabis Sativa) cultivation being legalized in several Indian states, and food safety authorities developing regulations for hemp products, the Indian market for hemp-based food and beverages is poised to take off, says GlobalData, a leading data and analytics company. Cannabis/marijuana has gained a positive image among the Indian Millennials (Gen Y) and Gen […]
Visa’s fee hike to affect millions of UK consumers, says GlobalData
Millions of UK consumers are likely to be affected by Visa’s fee hike, which will see mega e-retailer Amazon ban Visa credit cards from January 19, 2022 as well as put pressure on small businesses’ profit margins, writes GlobalData. The leading data and analytics company notes that the pandemic has accelerated the UKs transition to […]
No-ABV beer and cider has potential to accentuate market opportunities in the Middle East, says GlobalData
No-alcohol beer and cider are set to make a splash on the Middle East scene, says GlobalData, as the region is seeking to boost tourism. The leading data and analytics company notes that these beverages have already seen a volume growth of 20.8% between 2017 and 2020, and this is anticipated to continue. Holly Inglis, […]
UAE’s beer and cider set to recover prompted by international tourism and a change to alcohol laws, says GlobalData
The volume of beer and cider sold in the UAE saw a crushing loss in 2020, according to GlobalData, which notes that it lost out by 15% year-on-year (YoY). However, the leading data and analytics company says that this is expected to recover in the long term due to both a push for tourism and […]
Hot coffee to drive India hot drinks market at 9% CAGR through 2025, forecasts GlobalData
The Indian hot drinks market is expected to grow at a compound annual growth rate (CAGR) of 9% from INR670.6bn ($9.0bn) in 2020 to INR1,032.0bn ($12.3bn) in 2025, majorly driven by growth in the hot coffee category, observes GlobalData, a leading data and analytics company. GlobalData’s report, ‘India Hot drinks – Market Assessment and Forecasts […]