-
Sector Analysis
Opportunities in the Asia-Pacific Savory Snacks Sector
The global savory snacks sector was worth US$144,720.6 million in 2019 and is forecast to record a CAGR of 4.0% during 2019-2024. Asia-Pacific held a 40% value share and 42.3% volume share in the global savory snacks sector in 2019. Based on the relative performance of countries on multiple metrics, New Zealand, Taiwan, Indonesia, and Philippines are shortlisted as high-potential countries, primarily due to the large savory snacks sector size, projected high value growth rates, and projected rising per capita...
-
Company Insights
Fintech Profile: Squirrel
Squirrel is a personal financial management app aimed at those on lower incomes, offering budgeting and savings tools that help individuals to control their monthly expenses and achieve their saving goals.
-
Analyst Opinions
Retail Banking Country Snapshot: New Zealand
New Zealand has a highly concentrated market for most financial products, with ANZ, ASB, and Westpac dominating the provision of current accounts, savings accounts, and mortgages. Consumers are cautious in their choice of provider, favoring those with strong reputations and nearby branches. Mobile is now a significant channel for routine transactions, although use is heavily skewed towards younger age groups. Satisfaction with digital channels is significantly higher than for branches and call centers.
-
Sector Analysis
UK Savings: Forecasts & Future Opportunities
Retail deposits for 2016 are expected to be 6% higher than in 2015. However, market conditions over the next few years are predicted to dampen prospects for future growth. UK retail deposits will increase at a CAGR of 3.3% during 2016–20 to reach £1,606bn by the end of the forecast period. GlobalData Financial’s “UK Savings: 2016 Review, Forecasts & Future Opportunities” looks at how the personal savings market will develop up to 2020, analyzes the factors that will determine this...
-
Case Studies
Success Case Study: Three Squirrels Online Snacks – Targeting Millennials through an internet-based business model and personalization strategy
Three Squirrels achieved meteoric growth from its inception through its direct-to-consumer business model, product strategy revolving around premiumization and personalization, and branding and social media marketing strategies targeting the Millennials cohort in China. Anhui Three Squirrels Electronic Commerce Co. (Three Squirrels) was founded in 2012 as an online vendor of nuts, seeds, and dried fruit products. The company subsequently diversified its portfolio to include other savory snacks and herbal teas, and transitioned from a purely online approach to an online-to-offline...
-
Sector Analysis
Top Growth Opportunities: Savory Snacks in China
Top Growth Opportunities for Savory Snacks in China provides recommended actions and detailed analysis of how to target the best growth opportunities for Savory Snacks producers and retailers. Readers can understand what categories, channels, companies, and consumers will drive the success of Savory Snack markets in the Chinese market through GlobalData’s detailed and robust data, expert insight, and case studies. Top Growth Opportunities for Savory Snack in China provides an overview of the Savory Snack market, analyzing market data, demographic...
-
Sector Analysis
UK Savings 2019: Review, Forecasts, and Future Opportunities
The UK savings market has been characterized by a mixture of factors during 2019. Lower GDP and higher real wage growth have created a willingness and ability to save. Similarly, uncertainty over Brexit has led to a flight to safety from stocks and shares ISAs into cash ISAs. In terms of Net Promoter Score (NPS), First Direct leads the way, Nationwide has steadily fallen since 2017, and TSB collapsed in 2019. Meanwhile, new entrant Marcus by Goldman Sachs (Marcus) plans...
-
Sector Analysis
Opportunities in the Asia-Pacific Savory Snacks Sector
Asia-Pacific held a 39.3% value share and 41.7% volume share in the global savory snacks sector in 2018. The Asia-Pacific savory snacks sector was valued at US$52,559.4 million in 2018 and is forecast to reach US$73,981.4 million by 2023, registering a value CAGR of 7.1% during 2018-2023. An improving employment rate and rising income levels are fuelling the growth for savory snacks in the Asia-Pacific region. Nuts & seeds is the largest category in the Asia-Pacific, or APAC, region, with...
-
Sector Analysis
Opportunities in the Global Savory Snacks Sector
The global savory snacks sector was valued at US$137.2 billion in 2018 and is forecast to record a CAGR of 5.2% over 2018-2023 to reach US$176.8 billion by 2023. Asia-Pacific was the leading region in the global savory snacks sector with a value share of 39.2% in 2018 and also is forecast to record the fastest value growth globally at a CAGR of 7% during 2018-2023. Savory snacks with health & wellness claims accounted for 14% of the overall global...