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Rising domestic consumption backed by strong economy has contributed to the growth of the Japanese dairy & soy food sector, which is forecast to grow from JPY2,084.8bn (US$18.7bn) in 2018 to JPY2,396.6bn (US$23.1bn) by 2023, at a compound annual growth rate (CAGR) of 2.8%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Japan […]
GlobalData reveals top ten beauty influencers on Twitter in Q4 2019
The GlobalData’s Beauty Influencer Platform, which tracks more than 250 leading global beauty experts and their discussions pertaining to the emerging trends, pain areas, new fields of innovation and other popular areas on Twitter, has revealed Dave Lackie, Editor & Founder at Beauty Departure magazine, as the top influencer during the fourth quarter (Q4) of […]
Valentine’s Day: Innovative trends helping drive lucrative chocolate market to hit £5.9bn by 2022, says GlobalData
The UK chocolate market is expected to reach a value of £5.9 billion by 2022, growing at a CAGR of 4.1% from £5.3 billion in 2019, suggesting a lucrative market for new innovations and trends. Ahead of Valentine’s Day, Arian Bassari, Consumer Analyst at GlobalData takes a look at how the UK’s chocolate market has […]
Efficiency and convenience are two most prominent factors driving APAC consumers to purchase products, says GlobalData
The Asia-Pacific (APAC) consumers have shifted their preference towards hyper-convenient, technologically advanced and environmental-friendly products across the fast-moving consumer goods (FMCG) range. This shift has upsurged to such an extent in the last few years that more than 63% of the consumers from the region are seeking for products that save their time and effort, […]
India’s Union Budget 2020 may give glimmer of hope to FMCG players, says GlobalData
Amidst the prolonged slowdown of the economy, Indian finance minister Nirmala Sitharaman announced the Union Budget 2020 with a slew of measures to strengthen the twin engines of economic growth, consumption and investment, and put back India on growth trajectory towards a US$5 trillion economy. To boost the growth of fast moving consumer goods (FMCG) […]
APAC household market set to reach US$84.6bn by 2024, says GlobalData
The Asia-Pacific (APAC) household market is set to grow at a compound annual growth rate (CAGR) of 5.14% from US$62.2bn in 2018 to US$84.6bn in 2024. Out of this, the general purpose household cleaners’ category is projected to reach US$5.5bn in 2024 from US$4.3bn in 2018, says GlobalData, a leading data and analytics company. Enhanced […]
Unilever considers selling tea line as UK hot tea market set to decline to 7.8 billion liters in 2019 at a CAGR of -0.6%, says GlobalData
Following on from the recent news (30th Jan 2020) of Unilever looking to sell their PG Tips and Lipton brands; Arian Bassari, Consumer Analyst at GlobalData, a leading data analytics company, offers his view on these developments; “Unilever selling its PG Tips brand would not be a surprise given that UK hot tea sales are […]
South Korea baby milk market expected to reach US$381m by 2023, says GlobalData
The South Korean infant milk market, which was US$354m in 2018, is expected to reach US$381m by 2023 at a compound annual growth rate (CAGR) of 2.7%, says GlobalData, a leading data and analytics company. Among the Asian countries, South Korea holds third position in terms of percentage of premium baby milk in the […]
Bira91 leads craft beer market in India, says GlobalData
The India Craft Beer market is projected to have reached 43 million litres in 2019 from 0.15 million litres in 2014. It has grown a staggering compound annual growth rate (CAGR) of 304% during the period 2014 and 2018, says GlobalData, a leading data and analytics company. According to GlobalData 2018 Q4 consumer survey, 55% […]
Quorn’s carbon footprint tracker set to strengthen the brand’s appeal to 60% of consumers who prefer products with a low carbon footprint
Quorn, the world’s largest meat alternative brand, is the first major brand of its kind to develop and launch a carbon footprint tracker to highlight the quantity of carbon released when transporting the product ‘from farm to shop’, writes GlobalData, a leading data and analytics company. Aaron Bryson, Consumer Analyst at GlobalData, comments: “Quorn’s carbon […]
Zomato enhances food delivery services by acquiring Uber Eats, says GlobalData
Following the news that Zomato has acquired the Indian operations of Uber Eats for around US$350m; Shagun Sachdeva, Consumer Insights Analyst at GlobalData, a leading data and analytics company, offers her view: “In an environment where competition among online food delivery players in the Indian market continues to intensify, Zomato has taken a calculative move […]
Scotland’s ‘national drink’ to be celebrated at fourth National Whisky Festival as alcohol moderation continues to grow, says GlobalData
Low-alcohol beers, wines and spirits are growing in popularity as brands attempt to cater to an increasingly health-conscious consumer base. A recent GlobalData survey shows that 24%1 of UK consumers are trying to actively reduce their alcohol consumption, which is in line with ongoing trends of moderation in both food and drink. Despite this, global trends […]
Fast-food companies target 1/3 of Millennials that are inclined towards social media marketing, says GlobalData
Following the news that McDonalds has launched a new scented candle that replicates the smell of its signature Quarter Pounder; Carmen Bryan, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view on the evolution of fast-food marketing campaigns: “The launch of the McDonald’s candle ties into a wider strategy that has been adopted […]
Millennials a key driver in future sustainability of foodservice, says GlobalData
Millennials a key driver in future sustainability of foodservice, says GlobalData Sustainability in foodservice channels is increasingly important, primarily driven by younger generations that are championing such causes. In 2018, 47% of Gen Z consumers stated that ethical and environmentally friendly claims often or always influence their choice of beverage*, as opposed to only 41% […]
Marmite’s smooth peanut butter in poll position to appeal to 47% of millennial UK consumers who buy products trending on social media, says GlobalData
Following Marmite’s announcement that it has followed up last years’ successful crunchy peanut butter launch with the launch of a new smooth peanut butter variant: David Utley, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view on this new consumer goods news: “I can see this appealing to the experimental consumer […]
APAC ready-to-eat market set to reach US$38.4bn by 2023, says GlobalData
The Asia-Pacific (APAC) ready-to-eat (RTE)/prepared meals market is set to record a compound annual growth rate (CAGR) of 5.4% from US$29.4bn in 2018 to US$38.4bn by 2023, says GlobalData, a leading data and analytics company. APAC is the largest ready-to-eat meals market, accounting for 32.5% share of the global market. According to GlobalData 2019 Q3 […]
L’Oreal’s Perso could be a gamechanger for two thirds of consumers looking for individually tailored beauty products, says GlobalData
Following L’Oreal’s announcement at the recent CES exhibition that its new digital beauty product Perso is set to be launched in 2021; David Utley, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view on this potentially game changing new product development: ”The direction of travel in the beauty industry supports L’Oreal’s […]
Greggs must adapt if it is to enter the arena amongst business heavyweights
Following recent news that Greggs is offering a substantial end-of-year bonus to all of its employees following a stellar year with record-breaking growth, Hakan Demirci, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “News that Greggs has offered its 19,000 employees a share of a £7m bonus pay out comes […]
Organic label under greater scrutiny, which may bring environmental impact controversies to light, says GlobalData
A recent survey has found that 49%* of consumers associate the ‘organic’ label with ‘natural’ food, which has reinforced a ‘better for you’ positioning in the public eye. However, the credibility of organic certifications may come under scrutiny in the next decade as consumers demand further transparency in farming, says GlobalData, a leading data and […]
Tobacco users likely to use regulation loopholes as 34% of global consumers still smoke regularly/occasionally, says GlobalData
Following recent news of changes in UK and US regulation surrounding cigarettes and e-cigarettes, respectively; Hakan Demirci, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view on the matter: “The UK’s restrictions of methanol and the US’s ban on flavoured vape cartridges comes as no surprise, especially following the UK’s 2017 […]