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Consumer

Australia’s wine market to reach US$8.7bn in 2024, says GlobalData

The Australian wine sector is projected to grow from A$11.3bn (US$7.9bn) in 2019 to A$12.7bn (US$8.7bn) in 2024, with a compound annual growth rate (CAGR) of 2.4%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Australia Wine – Market Assessment and Forecasts to 2024’, reveals that the sector is majorly driven by growth […]
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China’s wine market to reach US$137.3bn in 2024, says GlobalData

The Chinese wine sector is projected to grow from C¥464.2bn (US$68.1bn) in 2019 to C¥922.7bn (US$137.3bn) in 2024, with a compound annual growth rate (CAGR) of 14.7%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘China Wine – Market Assessment and Forecasts to 2024’ reveals that the sector is majorly driven by growth […]
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Carbon-neutral snack foods will appeal to post-pandemic consumers, says GlobalData

Large snack food companies must double down on carbon emissions at every level if they want green credibility. Especially during the COVID-19 pandemic, sustainability and reducing environmental impact are becoming ever more critical to consumers’ perceptions of brands. Leading data and analytics company GlobalData’s most recent consumer survey reports that 41%* of European consumers consider […]
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APAC confectionery sector set to reach US$54.1bn in 2024, says GlobalData

The Asia-Pacific (APAC) confectionery sector is the second fastest growing globally that is expected to reach US$54.1bn in 2024, growing at a value compound annual growth rate (CAGR) of 3.5% during 2019-2024. Rising disposable income and health consciousness among the consumers are spurring the demand for premium confectionery products in the region, says GlobalData, a […]
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APAC make-up sector to reach US$26.1bn in 2024, says GlobalData

The Asia-Pacific (APAC) make-up sector is the second largest globally and is expected to reach US$26.1bn in 2024, growing at a compound annual growth rate (CAGR) of 6.9% during 2019-2024. Rising disposable income and burgeoning middle class are spurring the demand for the sector in the region, says GlobalData, a leading data and analytics company. […]
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‘Too Good to Go’ app grants new opportunity for retailers to align with 44% of Europeans over food waste

Spar, International and BrewDog have entered deals with the firm behind the successful ‘Too Good to Go’ app, which gives users access to local discounted food that would otherwise go to waste. Association with apps like this can only benefit a brand, and, by providing a shared platform that ties together ethical, environmental and local concerns, both businesses and consumers can benefit, writes GlobalData, a leading data and analytics […]
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Sports drinks brands should partner with fitness apps like Strava to help offset COVID-19 losses

Strava, a digital fitness and exercise platform, has approximately two million app registrations per month as of 16 December, reflecting a remarkable consumer shift to self-managed digital fitness, and a promising opportunity for the suffering sports drinks market, writes GlobalData, a leading data and analytics company. Ryan Whittaker, Consumer Analyst at GlobalData, comments: “COVID-19 and lockdowns have closed many of the UK’s gyms […]
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Lab lobster is Shiok Meats’ hope for capitalizing on $92.6bn Asian fish and seafood sector

Shiok Meats is banking on its new cell-based cultured lobster and shrimp meat to help commercialize cultured crustacean by 2022. Leading data and analytics company GlobalData notes that cultured lobster should appeal to Asian shellfish consumers and break into the profits of the Asian fish and seafood sector, which is expected to value $92.6bn in 2020. Ryan Whittaker, Consumer Analyst at GlobalData, comments: “Luxury seafood such as lobster and shrimp can damage the environment as much as lamb and beef, so more options like this need […]
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India’s packaging market to reach 422.3 billion units at 6.5% CAGR in 2024

Changing lifestyle of consumers along with rising demand for products that offer an ease of convenience are the key attributes prompting the demand for portable packaging solutions. The packaging sector in India is expected to increase from 307.8 billion units in 2019 to 422.3 billion units in 2024, at a compound annual growth rate (CAGR) of 6.5% during 2019-2024, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘India Packaging Industry – Trends and Opportunities’, reveals that the sector is majorly driven […]
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Danone’s hiring on continuous decline as it adapts to increasing at-home consumption

Danone’s job postings jumped in Q2 during COVID-19 lockdowns, rising from 536 in January to reach a high of 1,141 in May. However, this was followed by a reorganization in Q3, which led to reduced positions, finds GlobalData, a leading data and analytics company. Ajay Thalluri, Business Fundamental Analyst at GlobalData, says: “Danone adapted to the COVID-19 market environment as job postings resonated with […]
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‘Who Gives A Crap’ set to capitalise on $62.6bn global household paper products market

‘Who Gives A Crap‘, the premium online-only toilet paper brand that spends 50% of its profits on providing toilets to those in need, is launching a limited-edition gift package in time for Christmas. The 48-roll A–to-Z edition will allow people to play Scrabble with the rolls in their bathroom, and taps into this year’s toilet paper boom, which saw the global household paper products value leap by 17.1%, from US$62.5bn in 2019, to US$73.2bn in 2020 driven by COVID-19 stimulus; toilet paper, notably, accounts for a 66% segment value […]
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Campbell Soup’s sales buoyed by strong demand for straightforward meals during COVID-19 lockdowns

Following today’s news that Campbell Soup has announced net sales growth of 7.2% to US$2.34bn; Ryan Whittaker, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “Campbell Soup’s strong sales in 2020 relative to 2019 testify to the increased demand for simple, nutritious and lower-calorie food items during lockdowns, furloughs and working from home. It appears that the brand is still growing, buoyed by strong demand for straightforward meals, albeit at a […]
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