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Consumer

International beauty and personal care brands likely to drive cosmetics and toiletries growth in Indonesia, says GlobalData

Rising dominance of various international beauty and personal care brands is likely to drive the cosmetics and toiletries industry in Indonesia to US$7.6bn in 2024, at a compounded annual growth rate (CAGR) of 8.1% over the forecast period 2019-2024, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Indonesia Cosmetics & Toiletries – Market […]
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Nestle growth likely due to COVID-19-related increases in pet ownership and concerns over health

Following the news that Nestle beat Q3 expectations with 4.9% growth; Ryan Whittaker, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “GlobalData’s recent consumer survey (21 September), found that over half of global consumers consider themselves to be extremely or quite concerned about their health, while only 15% consider themselves not concerned.* Therefore, that one of Nestle’s strongest growth drivers was health products isn’t a […]
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VR and robotics are vital solutions in FMCG to boost consumer trust during COVID-19

Manufacturers should explore new smart and connected solutions for purchasing, packaging and delivery to keep up engagement with the third of consumers worldwide (32%) that claim digital advancement often/always influences their product choices during lockdown, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “COVID-19 Case Study: Technology Solutions”, notes that some retailers are implementing virtual reality (VR) solutions to offer a more engaging visual e-commerce/v-commerce experience for shoppers. These offer a more familiar and visually appealing […]
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Conscious consumers demand data-backed green clothing claims

The COVID-19 pandemic has made it clear that data is fast becoming a prerequisite for green claims by fashion brands and retailers, writes GlobalData, a leading data and analytics company. GlobalData’s Consumer Sentiment Tracker, shows that between September 2019 and September 2020, 25% more people said retailers that place a greater emphasis on sustainability appealed the most to […]
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Alpro’s zero-waste goals likely to strike a chord with concerned consumers, says GlobalData

Alpro’s strong sustainability goals such as zero carbon, zero water and zero waste, as well as health-focused pledges to promote plant-based eating, are likely to strike a chord with concerned consumers, says GlobalData, a leading data and analytics company. Ryan Whittaker, Consumer Analyst at GlobalData, comments: “Much of the growth in vegan, vegetarian, flexitarian and other plant-based diets in recent years has been tied into concerns over health and the environment. This has been a double-edged sword, as plant-based products and packaging have inevitably […]
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China’s growing urbanization shifting consumer inclination towards cosmetics with anti-pollution features, says GlobalData

Growing urban population in China has significantly shifted consumer inclination towards cosmetics with anti-pollution characteristics. As a result, the cosmetics and toiletries industry is expected to grow from C¥494.6bn (US$72.6bn) in 2019 to C¥658bn (US$97.9bn) in 2024, recording a compounded annual growth rate (CAGR) of 5.9%, says GlobalData, a leading data and analytics company. GlobalData’s […]
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Japan’s cosmetics and toiletries industry to reach US$45.5bn in 2024, says GlobalData

The Japanese cosmetics and toiletries industry is expected to grow from J¥3.96 trillion (US$36.5bn) in 2019 to J¥4.33trillion (US$45.5bn) in 2024, recording a compound annual growth rate (CAGR) of 1.8%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Japan Cosmetics & Toiletries – Market Assessment and Forecasts to 2024’, reveals that the industry […]
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Chinese beauty industry betting big on localization to enhance customer engagement, says GlobalData

While the Chinese beauty (C-beauty) industry is dominated by global brands, local brands are quick to introduce suitable products in line with the evolving consumers’ preferences. Similar to J-beauty, C-beauty is steeped in local tradition and heritage, including ingredients and rituals from traditional Chinese medicine. Brands are banking heavily on eye-catching product claims, trendy ingredients, […]
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Retail will pick up some lost alcohol sales as Marston’s reports 30% drop in annual sales

Retail will pick up some lost alcohol sales as Marston’s reports 30% drop in annual sales, says GlobalData Following today’s news (Thursday 15 October) that pub operator Marston’s announced job cuts due to the latest round of COVID-19 restrictions and a 30% drop in annual sales; Ryan Whittaker, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “The introduction of further restrictions will force consumers in Tier 3 areas to switch channel from pubs and clubs, such as those […]
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UK cigarettes set for a heightened loss of US$1.9bn in 2020 as COVID-19 hammers health awareness and economic uncertainty

UK cigarettes set for a heightened loss of US$1.9bn in 2020 as COVID-19 hammers health awareness and economic uncertainty, says GlobalData In the UK, cigarettes are expected to see a 15% drop on sales volumes and a 13% drop on value in 2019-2020 compared to pre-COVID projections. Sales volumes are now expected to fall from 25.7bn pieces to 21.9bn pieces, rather than 24.3bn pieces as had been previously projected, according to GlobalData, a leading data and analytics company. Ryan Whittaker, Consumer Analyst at GlobalData, comments: “The UK Government has had a health-focused anti-smoking agenda for several years […]
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2020 is the year of e-commerce and Prime Day will see the largest interest ever – especially for personal care and beauty sector

Consumers are purchasing more products online during the COVID-19 pandemic, and Amazon’s Prime Day promotion on October 13–14 is perfectly positioned to capitalize on this—likely seeing its largest sales ever. Convenience and savings are a high priority in personal care and beauty, and this sector will see substantial e-commerce traction on Prime Day, says GlobalData, a leading data and analytics company. Ryan Whittaker, Consumer Analyst at GlobalData explains: “As consumers have been furloughed or working from home, there has naturally been a huge drop in brick-and-mortar store […]
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Organic additives products expected to drive Australia’s cosmetics & toiletries industry, says GlobalData

The ongoing trend of using organic additives in cosmetics and personal care products is expected to drive the Australian cosmetics & toiletries industry from A$8.09bn (US$5.63bn) in 2019 to A$9.87bn (US$6.73bn) in 2024, at a compound annual growth rate (CAGR) of 4.0%, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Australia Cosmetics […]
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