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GlobalData
GlobalData

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Passing on VAT savings may offer lifeline to large foodservice players by offering respite to families and promoting ‘affordable luxury’, says GlobalData

Following the news that Starbucks and McDonald’s has promised price reductions after the UK Government’s announcement to cut VAT in the hospitality industry from 20% to 5%; Yamina Tsalamlal, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view: “To the quarter (23%) of UK consumers saying they are extremely concerned about […]
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Indonesia’s make-up sector to reach US$634m in 2024, says GlobalData

The make-up sector in Indonesia is forecast to grow from IDR6.84 trillion (US$482.9m) in 2019 to IDR9.38 trillion (US$634m) in 2024, recording a compound annual growth rate (CAGR) of 6.5%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Indonesia Make-Up – Market Assessment and Forecasts to 2024’, reveals that the lip make-up was […]
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Make-up sector in Japan to reach US$7.17bn in 2024, says GlobalData

The Japan’s make-up sector is forecast to grow from JPY622.9bn (US$5.73bn) in 2019 to JPY684.2bn (US$7.17bn) by 2024, recording a compound annual growth rate (CAGR) of 1.9%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Japan Make-Up – Market Assessment and Forecasts to 2024’, reveals that the ‘face make-up’ was the largest category […]
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Japan’s haircare sector to reach US$6.8bn by 2024, says GlobalData

The haircare sector in Japan is forecast to grow from J¥609.6bn (US$5.6bn) in 2019 to J¥650.8bn (US$6.8bn), recording a compound annual growth rate (CAGR) of 1.3%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Japan Haircare – Market Assessment and Forecasts to 2024’ reveals that the shampoo is the largest category in value […]
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Australian skincare sector to reach US$1.49bn registering a CAGR of 4.3% by 2024, says GlobalData

The Australian skincare sector is forecast to grow from A$1.77bn (US$1.23bn) in 2019 to A$2.2bn (US$1.49bn) by 2024, recording a compound annual growth rate (CAGR) of 4.3%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Australia Skincare – Market Assessment and Forecasts to 2024’ reveals that the ‘facial care’ was the largest category […]
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APAC beauty industry reviews inclusivity and focuses on social issues as market set to reach US$94.4bn by 2024, says GlobalData

The Asia-Pacific (APAC) beauty industry is reviewing its inclusivity and focusing on social issues in response to changing consumer attitudes influenced by recent social movements such as the Black Lives Matter (BLM), according to GlobalData, a leading data and analytics company. Asia-Pacific was the largest and fastest growing beauty market in 2019, dominated by skincare […]
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COVID-19 will redefine convenient consumption

The notion of convenience will take on new meaning at mealtimes as cocooning consumers re-evaluate their priorities. Indeed, the once-appealing notion of ‘breakfast on-the-go’ may be rendered irrelevant as consumers make more conscious efforts to stay home and slow down their hectic lifestyles, according to GlobalData, a leading data and analytics company. The company’s report, […]
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