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GlobalData
GlobalData

Consumer

Increasing disposable income, strong tea culture to steer APAC hot drinks sector growth through 2025, forecasts GlobalData

Strong tea culture and increasing disposable income are set to drive the Asia-Pacific (APAC) hot drinks sector at a compound annual growth rate (CAGR) of 7.5% from US$83.3bn in 2020 to US$119.4bn in 2025, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, ‘Opportunities in Asia Pacific Hot Drinks Sector’, reveals that the ‘hot […]
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Nestlé’s job postings for Purina PetCare increased by 251% between Q1 2020 and Q2 2021, finds GlobalData

In November 2020, GlobalData revealed that Nestlé SA was shifting its business strategy towards its Purina PetCare segment (Purina PetCare drives new job postings at Nestle) and Nestlé’s annual report published in February 2021 reported that its Purina PetCare product category was indeed the largest contributor to growth, lending credibility to GlobalData’s study. In fact, […]
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‘Move on from COVID-19’: Distraction, digitalization and direct engagement will be the core strategy for Olympic 2021 marketing, says GlobalData

As we edge closer to the Olympic Games, leading data and analytics company GlobalData notes that brands will need to be creative with their Olympic marketing strategies, both finding topics that move away from talking about COVID-19 and towards areas that resonate with customers such as social responsibility, and using a digital strategy for increased […]
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Demand of haircare products in South Korea surged in 2020 due to ‘at-home’ treatments rise during COVID-19, says GlobalData

The South Korean haircare market is projected to grow from ₩1,372.9bn (US$1.2bn) in 2020 to ₩1,504.4bn (US$1.3bn) by 2025 at a compound annual growth rate (CAGR) of 1.8% over the 5-year period. Despite the COVID-19 outbreak and lockdown restrictions, the demand of haircare products increased in 2020 due to the rise in ‘at-home’ alternatives to […]
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Indonesia’s haircare market to reach US$1.5bn by 2025, says GlobalData

The Indonesian haircare market is projected to grow from Rp17.7bn (US$1.2bn) in 2020 to Rp22.9bn (US$1.5bn) by 2025 at a compound annual growth rate (CAGR) of 5.3% over the 5-year period, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Indonesia Haircare Market Assessment and Forecasts to 2025’ reveals that the market is majorly […]
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China’s haircare market to reach US$12.9bn in 2025, says GlobalData

The Chinese haircare market is projected to grow from CNY80.2bn (US$11.6bn) to CNY88.2bn (US$12.9bn), at a compound annual growth rate (CAGR) of 1.9% between 2020 and 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘China Haircare – Market Assessment and Forecasts to 2025’, reveals that the market is majorly driven by growth […]
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UK grocery sales fall, but foodservice and personal care brands to reap the summer benefits, says GlobalData

Following today’s news (18 June) that UK retail sales fell as consumers returned to dining out, Ryan Whittaker, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “Hospitality and foodservice are benefiting from the relaxation of pandemic-related restrictions, which has provided opportunities for thousands of people to eat out of the […]
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Constellation Brands cashes in on novel and premium alcohol shift with celebrity-owned mezcal brand investment, says GlobalData

Following Constellation Brands’ announcement that it has invested a minor stake in Dos Hombres, Aaron Paul and Bryan Cranston’s mezcal brand; Holly Inglis, Beverages Analyst at GlobalData, a leading data and analytics company, offers her view: “The strategic move by Constellation Brands emphasises the brand’s attempt to grow its own image and be affiliated alongside […]
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