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GlobalData
GlobalData

Consumer

South Korea’s soups market to reach US$121.7m in 2025, says GlobalData

The South Korean soups market is projected to grow at a compound annual growth rate (CAGR) of 5.7% from KRW108.2bn (US$92.5m) in 2020 to KRW142.7bn (US$121.7m) in 2025, benefiting from busy lifestyles of consumers, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘South Korea Soups Market Assessment and Forecasts to 2025’, reveals that […]
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The Restaurant Group is well positioned to cash in on consumer visits driven by quality and convenience, says GlobalData

Following today’s news (May 25th) that The Restaurant Group’s sales have nearly reached pre-COVID levels since outdoor dining resumed in the UK; Carmen Bryan, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view: “Despite seeing a hefty 32.1% decline from £32.2bn in 2019 to a forecast-value of £21.8bn in 2020, the […]
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Clothing brands and retailers should open up about supply chains before legislative pressure kicks in

Clothing brands that remain guarded when it comes to transparency are risking their survival long term, as calls for the introduction of policy requiring firms to disclose information on supply chains continue to intensify. Companies should start taking the necessary steps to improve their sustainability performance and to track their supply chains, addressing any discrepancies, […]
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Japan’s soups market to reach US$3.6bn in 2025, forecasts GlobalData

The Japanese soups market is projected to grow at a compound annual growth rate (CAGR) of 3.5% from JPY289.1bn (US$2.7bn) in 2020 to JPY343.1bn (US$3.6bn) in 2025, driven by rising demand for quick and easy-to-prepare food options, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Japan Soups Market Assessment and Forecasts to 2025’, […]
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Compass Group’s move to go plant-based reflects massive industry shift to ‘greener’ operations, says GlobalData

Following today’s news (May 24th) that Compass Group plans to convert 40% of meals to plant-based alternatives by 2030; Carmen Bryan, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view: “News that Compass Group is planning to convert 40% of its portfolio to plant-based meals is a key industry signifier, particularly […]
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FMCG drags its feet over AI initiatives but platform revenue will reach $3.5bn by 2024, says GlobalData

With the consumer goods sector being so saturated, no company in this space can afford to forget about artificial intelligence (AI), says GlobalData, a leading data and analytics company. These companies have been slow to integrate AI into their business processes so far; pilot projects have been popular, but few companies have created comprehensive AI […]
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AB InBev results show North American boom in premium off-trade during COVID-19, says GlobalData

AB InBev announced double-digit growth in its off-trade business in Q1 of 2021. This reveals the continued viability for premiumization in developed markets, says GlobalData, a leading data and analytics company. Ryan Whittaker, Consumer Analyst at GlobalData, comments: “AB InBev’s results suggest that North America is still buying premium beers, and this is buoying regional […]
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Brands must focus on replicating meat-eating experience without the need for animal products to support sustainability, says GlobalData

42% of global shoppers say that they are unlikely to choose plant-based (vegan) alternatives to conventional red meat while 32% prefer the alternatives 27% of global consumers admit that one key reason for consuming plant-based alternatives to meat or dairy products is sustainability. Animal welfare is also on the list, at 33% To avoid alienating […]
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