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India’s ice cream market, one of the fastest growing markets in the Asia Pacific (APAC) region, is forecast to grow from INR121.4bn (US$1.8bn) in 2018 to INR213.6bn (US$2.9bn) in 2023, registering a compound annual growth rate (CAGR) of 12%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘India Ice Cream – Market Assessment […]
Malaysian seasonings, dressings & sauces sector to reach US$588m in 2024, says GlobalData
The Malaysian seasonings, dressings & sauces sector is expected to grow from RM1,958.6m (US$468.6m) in 2019 to RM2,478.9m (US$588m) by 2024, at a compound annual growth rate (CAGR) of 4.8%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Malaysia Seasonings, Dressings & Sauces – Market Assessment and Forecasts to 2024’ reveals that dressings […]
Indonesian hot drinks sector expected to grow at 7.7% value CAGR through 2023, says GlobalData
The Indonesian hot drinks sector, which includes coffee, tea and other hot drinks, is forecast to grow from Rp30.1 trillion (US$2.1bn) in 2018 to reach Rp43.7 trillion (US$2.9bn) by 2023, recording a compound annual growth rate (CAGR) of 7.7%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Indonesia Hot Drinks – Market Assessment […]
Indian seasonings, dressings & sauces sector is forecast to register a CAGR of 7.7% during 2019–2024, says GlobalData
The Indian seasonings, dressings & sauces (SDS) sector is expected to grow from INR186.3bn (US$2.6bn) in 2019 to INR270.3bn (US$3.5bn) by 2024, recording a compound annual growth rate (CAGR) of 7.7%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘India Seasonings, Dressings & Sauces – Market Assessment and Forecasts to 2024’ reveals that […]
South Korean hot drinks sector expected to reach US$2.3bn by 2023, says GlobalData
The South Korean hot drinks sector, which includes coffee, tea and other hot drinks, is forecast to grow from US$1.8bn in 2018 to US$2.3bn by 2023, registering a compound annual growth rate (CAGR) of 5.4%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘South Korea Hot Drinks – Market Assessment and Forecasts to […]
Australian seasonings, dressings & sauces sector expected to reach US$2.6bn by 2024, says GlobalData
The Australian seasonings, dressings & sauces (SDS) sector is expected to grow from A$3,065.6m (US$2.1bn) in 2019 to A$3,781.5m (US$2.6bn) by 2024, recording a compound annual growth rate (CAGR) of 4.3%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Australia Seasonings, Dressings & Sauces – Market Assessment and Forecasts to 2024’ reveals that […]
COVID-19 to change the future of snacking in APAC, says GlobalData
Product choices prior to COVID-19 were often shaped by the demand of ‘on-the-go’ lifestyles, which is no longer applicable as consumers are in lockdown. With self-isolation changing the dynamics of snacks for the consumers, brands are on the constant look-out for new ways to meet the personalized health consumer demands, says GlobalData, a leading data […]
India’s emerging ready meals trend disrupted by COVID-19 lockdown, says GlobalData
India has witnessed growth in the prepared (on-the-go) meals and lunch-time deal offerings in the recent past. However, due to the COVID-19 outbreak and the subsequent extension of countrywide lockdown, consumers have gone back to the traditional home cooking trends, says GlobalData, a leading data and analytics company. GlobalData found that only 23% of surveyed […]
Foodservice profit sector in Philippines to be worth US$15.9bn in 2023, forecasts GlobalData
Robust GDP growth, high consumer confidence and rising urbanization are some of the major factors that are set to drive foodservice profit sector sales in the Philippines at a compound annual growth rate (CAGR) of 5.3% from PHP666.4bn (US$12.6bn) in 2018 to PHP861.8bn (US$15.9bn) in 2023, says GlobalData, a leading data and analytics company. GlobalData’s […]
Japanese seasonings, dressings & sauces sector expected to reach US$21bn by 2024, says GlobalData
The Japanese seasonings, dressings and sauces sector is expected to grow from J¥1,755.5bn (US$16.2bn) in 2019 to J¥2,004.8bn (US$21bn) by 2024, at a compounded annual growth rate (CAGR) of 2.7%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Japan Seasonings, Dressings & Sauces – Market Assessment and Forecasts to 2024’ reveals that ‘condiment […]
Indonesia’s seasonings, dressings & sauces sector to reach US$4.8bn by 2024, says GlobalData
The seasonings, dressings & sauces sector in Indonesia is forecast to grow from Rp48.2 trillion (US$3.4bn) in 2019 to Rp70.5 trillion (US$4.8bn) by 2024, at a compound annual growth rate (CAGR) of 7.9%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Indonesia Seasonings, Dressings & Sauces – Market Assessment and Forecasts to 2024’ […]
Foodservice profit sector in Singapore forecast to reach US$13.4bn by 2023, says GlobalData
Singapore’s foodservice sector is set to grow at a compound annual growth rate (CAGR) of 4.1% from SGD13.6bn in 2018 to SGD16.6bn in 2023, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Singapore – The Future of Foodservice to 2023’, reveals that quick service restaurant (QSR) was by far the largest foodservice profit […]
More than 70% of consumers see Aloe Vera as the healthiest ingredient in all but one region
Aloe Vera is seen as having a positive effect on the body by more than seven out of 10 consumers, thereby claiming the top spot out of 50 ingredients globally in every region but the Middle East and Africa, where ginger took first place, with support from 78% of consumers in the region, according to GlobalData, […]
New Zealand’s foodservice profit sector to be worth US$9.3bn in 2023, forecasts GlobalData
New Zealand’s foodservice profit sector is poised to grow at a compound annual growth rate (CAGR) of 1.1% from NZ$11.4bn (US$8.4bn) in 2018 to NZ$12.1bn (US$9.3bn) in 2023, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘New Zealand – The Future of Foodservice to 2023’, reveals that full service restaurant (FSR) was […]
Philippines seasonings, dressings & sauces market to grow at CAGR of 4.7% through 2019–24, says GlobalData
The Philippines seasonings, dressings & sauces sector is expected to grow at a compound annual growth rate (CAGR) of 4.7% from PHP34.5bn (US$661.8m) in 2019 to PP43.6bn (US$811.2m) in 2024, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Philippines Seasonings, Dressings & Sauces – Market Assessment and Forecasts to 2024’, reveals that ‘condiment […]
South Korea’s seasonings, dressings & sauces market to reach US$1.9bn by 2024, says GlobalData
The seasonings, dressings & sauces market in South Korea is expected to reach US$1.9bn by 2024 with a compounded annual growth rate (CAGR) of 2.5% over the forecast period of 2019-2024, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘South Korea Seasonings, Dressings & Sauces – Market Assessment and Forecasts to 2024’ reveals […]
Nestle’s nesQino to give personalized beverage experience to consumers in China amid COVID-19 outbreak, says GlobalData
Nestle has recently launched a smart ‘Q-cup’ machine nesQino in China. The product allows consumers to create up to 21 superfood drinks at home by mixing ingredient sachets with water. The move is in line with the current growing trend of making healthy superfood drinks at home due to COVID-19 outbreak, says GlobalData, a leading […]
Thailand’s seasonings, dressings & sauces market to reach 305.3 million kgs at a CAGR of 1.1% by 2024, says GlobalData
The seasonings, dressings & sauces market in Thailand is expected to reach 305.3 million kgs by 2024 at a compounded annual growth rate (CAGR) of 1.1% between 2019 and 2024, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Thailand Seasonings, Dressings & Sauces – Market Assessment and Forecasts to 2024’ reveals that ‘Dressings’ […]
Despite COVID-19, APAC provides opportunity for soup manufacturers, says GlobalData
Amidst the coronavirus (COVID-19) outbreak, soup segment has been witnessing growth in the Asia-Pacific (APAC) region due to its long-shelved life, offering an opportunity for manufacturers to capitalize on the trend, says GlobalData, a leading data and analytics company. GlobalData forecasts the APAC soup sector to record a compound annual growth rate (CAGR) of 4.74% […]
Ocado should expect further shift towards bulk and value-positioned products going forward
Following today’s news (May 06 2020) that Ocado reported a 40.4% rise in revenue since April 2019; Ryan Whittaker, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view on what this means for the UK’s grocery market: “By placing itself as the quintessential online-only UK grocery retailer, Ocado was well-positioned for […]