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GlobalData
GlobalData

Consumer

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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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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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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Kraft Heinz’s emphasis on e-commerce for packaged foods saw successful financial quarter, says GlobalData

Following today’s news (April 29th) that Kraft Heinz has released its Q1 2021 financials, Ramsey Baghdadi, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “The continued high-grade financial performance from Kraft Heinz in Q1 2021 was driven by its focus in e-commerce. The company’s achievement to out-perform its sales success […]
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Mondelez International will see sustained growth off the back of smart acquisitions, says GlobalData

Following today’s news (27 April) that Mondelez International has released its Q1 2021 financials; Carmen Bryan, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view: “Mondelez’s improved growth in iemerging regions this quarter was largely off the back of strategic and well-timed acquisitions, which allowed the company to foster at-home snacking […]
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