GlobalData
GlobalData

Consumer

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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Australian haircare sector to reach US$932.2m by 2024, says GlobalData

The haircare sector in Australia is forecast to grow from A$1,130.3m (US$786.2m) in 2019 to A$1,367.4m (US$932.2m) by 2024, recording a compound annual growth rate (CAGR) of 3.9%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Australia Haircare – Market Assessment and Forecasts to 2024’, reveals that the shampoo category led the sector […]
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Indian skincare market to reach US$3.8bn by 2024, says GlobalData

The Indian skincare sector is expected to grow from INR178.8bn (US$2.5bn) in 2019 to INR294bn (US$3.8bn) by 2024, at a compound annual growth rate (CAGR) of 10.5%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘India Skincare – Market Assessment and Forecasts to 2024’, reveals that the sector is majorly driven by growth […]
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Chinese haircare sector to reach US$14.2bn by 2024, says GlobalData

The haircare sector in China is forecast to grow from C¥77.9bn (US$11.4bn) in 2019 to C¥95.6bn (US$14.2bn) by 2024, recording a compound annual growth rate (CAGR) of 4.2%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘China Haircare – Market Assessment and Forecasts to 2024’, reveals that the shampoo category led the sector […]
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Beverage manufacturers exploring ready-to-drink category in India amid COVID-19, says GlobalData

Amidst the COVID-19 pandemic, the beverage industry has witnessed a significant shift in the purchasing preferences of consumers in India, with steady rise and strong inclination towards ready-to-drink (RTD) beverages. This shift has encouraged the beverage manufacturers to re-evaluate their innovation strategies and explore options to diversify their portfolios, says GlobalData, a leading data and […]
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Uncertainty during COVID-19 drives demand for immunity-boosting dietary supplements, says GlobalData

Ongoing research around protective immunity against COVID-19 has not yet helped to define ways of how the public can protect themselves from the illness, minimize the symptoms, and avoid re-infection. Consumers feel overwhelmed by the contradictive information on vaccines, testing and antibodies, leading to increased demand for products with immunity-boosting claims, says GlobalData, a leading […]
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Wellness has taken new meaning amidst COVID-19 pandemic, says GlobalData

With people across the world staying at home for protracted periods in a bid to contain the COVID-19 pandemic, at-home wellness trends are gaining traction. Hence, brands need to communicate efficacy, make evidence-based claims, enhance convenience and establish trust in this uncertain times, says GlobalData, a leading data and analytics company. Sumit Chopra, Consumer Research […]
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