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Nestle is reportedly mulling to sell two of its Chinese businesses – confectioner Hsu Fu Chi and porridge maker Yinlu – and, if deals are done, it will underline how multinationals are now looking at markets such as China very differently, says GlobalData, a leading data and analytics company. Dean Best, Food Editor at GlobalData, […]
India’s dairy and soy food sector poised to grow at 8.5% CAGR through 2023, says GlobalData
Large, young population base with rising disposable income is boosting the Indian dairy & soy food sector, which is forecast to grow at a compound annual growth rate (CAGR) of 8.5% from INR1,324.6bn (US$19.4bn) in 2018 to INR1,993.6bn (US$26.8bn) by 2023, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Country Profile: Dairy & […]
Long-term success of vegan fast food depends on transparency and health, says GlobalData
Quick service restaurants (QSRs) continue to find success and publicity when releasing meat alternative menu items, appealing to the growing trend towards ethical and sustainable consumption. However, these companies are not doing enough to market their production methods transparently and failing to effectively focus on the health and sustainability benefits of their products, says GlobalData, […]
Experience-driven APAC consumers willing to pay more for enhanced brand experience, says GlobalData
‘Experience Economy’ is one of the key drivers in the fast moving consumer goods (FMCG) consumption in the Asia-Pacific (APAC) region. Therefore, brands are making efforts to upscale their products and create ‘consumption experiences’ to engage new consumers, says GlobalData, a leading data and analytics company. GlobalData’s 2018 Q4 Consumer Survey reveals that 39% consumers […]
Brands relying on digital tools to simplify shopping needs of young APAC consumers, says GlobalData
Today’s consumers live in a rapidly digitizing world that is becoming seamlessly integrated into everyday life. In line with this, brands are embracing latest digital technologies and online platforms to create more engaging experiences for young consumers in Asia-Pacific (APAC), says GlobalData, a leading data and analytics company. GlobalData’s report, ‘TrendSights Overview: Smart & Connected – […]
Nippon Paper looks to challenge Visy with Orora’s fiber packaging business in Australia, says GlobalData
Following the news that Japanese Nippon Paper Industries has agreed to buy Australian packaging company Orora Limited’s Australasian fiber business for US$1.15bn, Shagun Sachdeva, Consumer Insights Analyst at GlobalData, a leading data and analytics company, offers her view: “The Australasian fiber business includes B9 Paper Mill, units of fiber converting, specialty packaging, cartons, bags, functional […]
China’s bakery and cereals industry poised to grow at a value CAGR of 8.5% over 2018–2023, says GlobalData
Fuelled by the rising disposable income of urban consumers, the bakery & cereals industry in China is expected to grow at a compound annual growth rate (CAGR) of 8.5% from C¥269.2bn (US$40.7bn) in 2018 to C¥403.8bn (US$59.6bn) by 2023, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Country Profile: Bakery & Cereals […]
Indian bakery and cereals industry is poised to grow at a high value CAGR of 9.9% over 2018–2023, says GlobalData
Growing economy and rising disposable income are driving the bakery & cereals sector in India, which is estimated to grow at a high compound annual growth rate (CAGR) of 9.9% from INR491.7bn (US$7.2bn) in 2018 to INR787.8bn (US$10.6bn) in 2023, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Country Profile: Bakery & Cereals […]
Unilever’s promise to slash plastic use will appeal to 55% of millennials worldwide, says GlobalData
Following the news that Unilever plans to cut plastic use to appeal to younger shoppers; Carmen Bryan, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view: “Unilever’s decision to cut its plastic production may seem like a contrived attempt to connect with a younger generation. However, it is a necessary move […]
Laundry environmental concerns can be addressed by waterless cleaning products, says GlobalData
‘Waterless cleaning’ is seeing consumers reducing the amount of water they use in household cleaning and laundry processes. Products addressing this need have the potential to attract environmentally concerned consumers, and developing innovative products that deliver waterless cleaning is likely to lead to a new avenue of opportunities for manufacturers, says GlobalData, a leading data […]
China’s dairy and soy food market set to be worth US$56bn by 2023, says GlobalData
Robust economic growth and a large population base is driving the China’s dairy and soy food sector, which is forecast to grow at a compound annual growth rate (CAGR) of 6.6% from C¥276bn (US$41.7bn) in 2018 to C¥379.2bn (US$56bn) by 2023, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Country Profile: Dairy & […]
Filter cigarettes still on the rise globally despite 57% of smokers wanting to quit, says GlobalData
Health concerns related to conventional tobacco products combined with campaigns such as the NHS’s Stoptober encouraging people to quit smoking, have led to around *57% of smokers having the desire to give up smoking. Consumers that feel they cannot stop completely are instead turning to cigarette alternatives that have reduced risk and contain fewer common […]
Confectionery brands should focus on healthy yet exciting products to re-engage with adventurous consumers
A growing number of consumers are turning towards indulgent products that offer a unique and highly flavorable experience. To cater to this demand, brands should take risks to explore new boundaries and markets in order to stand out in the competition, according to GlobalData, a leading data and analytics company. The company’s report, ‘Top Trends […]
Nestle unveils world’s largest Milo plant in Malaysia to meet growing demand across APAC, says GlobalData
Following the news that Nestle has unveiled the world’s largest Milo production unit in Malaysia with an investment of more than US$21m to cater to the growing demand in domestic and neighboring countries across the Asia-Pacific (APAC) region, Shagun Sachdeva, Consumer Insights Analyst at GlobalData, a leading data and analytics company, offers her view: “The […]
International alcohol companies taking control of their own supply chains to sell direct to consumers, says GlobalData
In late-September, Anheuser-Busch InBev’s ZX Ventures incubator division set up Beer Hawk Fresh, a concept set to distribute cold-chain beer in kegs, cans and bottles to London-based accounts on the same day they are ordered. A-B InBev-owned Goose Island, Camden Town and Birra del Borgo, as well as brands from Kirin’s Australian brewery, Little Creatures, […]
Thai cuisine Butterfly pea resurging in APAC region, says GlobalData
Butterfly Pea Flower of deep blue flowering plant, known as Clitoria ternatea, native to Asia Pacific (APAC), is gaining traction for its purported nutritive and high medicinal value in the region, catering to the evolving consumer demand for its clean-label properties. Generally known as Asian pigeonwings, this flower provides a varied opportunity to the f&b […]
Young consumers seek new and innovative variants of bakery and cereals in APAC region, says GlobalData
Large base of young consumers seeking novel and innovative products is driving the demand for Bakery & Cereals in the Asia-Pacific (APAC) region. These consumers often seek new flavors/variants and are willing to pay extra for experiencing a new taste, according to GlobalData, a leading data and analytics company. According to the company’s report, ‘Opportunities […]
Waterless cleaning products could save consumers time and money in household cleaning and laundry, says GlobalData
‘Waterless cleaning’ is seeing consumers reducing the amount of water they use in household cleaning and laundry processes. Products addressing this need have the potential to appeal to consumers on a global scale by catering to their concerns, particularly around the environment and time and money constraints. Developing innovative products that deliver waterless cleaning is […]
Change in consumer perception and product innovation fueling growth in private label space in APAC, says GlobalData
The consumer attitudes towards store brands have evolved radically to a point where they no longer suffer the stigma of perceived inferior quality products. The change in consumer mindset in Asia-Pacific (APAC) has been caused by the improvement of quality across private label offerings, says GlobalData, a leading data and analytics company. To win over […]
Brands going premiumization way in APAC region, says GlobalData
Premiumization has developed as an excellent way forward for the brands to make consumers feel valued and special in the Asia-Pacific (APAC) region as the consumers are preferring and consuming high value products, says GlobalData, a leading data and analytics company. Across the FMCG sector, be it food, or beverages, the brands are releasing new […]