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Urban consumers in India are moving towards brands that can connect with them by understanding their shopping attitudes. Concepts such as transparency, simplicity and healthy lifestyles are resonating with consumers in the country. These new values are driving sales of beauty and personal care products in India....
Over the past few years a number of fintech companies have left a considerable impression on consumer payments and financial services. These companies have provided a value proposition to consumers that emphasises simplicity and transparency that has resulted in greater competitive segmentation for financial services. Additionally, fintech has been able to increase access to financial services to a wider range of consumers in both emerging and developed markets. This podcast is in partnership wi...
Both Korean and Japanese beauty trends are entering the mainstream. However, there are some contrasts between the two products. As K-Beauty products tend to have high functionality, they tend to take a shorter time from development to launch than J-Beauty products. On the other hand, J-Beauty products have a wide, regional coverage and significant market presence, while K-Beauty products are relatively narrow in both regions and categories....
The Coca-Cola Company’s US$5.1 billion acquisition of UK coffee shop chain Costa Coffee is bold departure for the company, marking an ambitious push into both hot coffee and into directly operating away-from-home brands. In this podcast, Michael Schaefer, Euromonitor International’s Global Lead for Food & Beverage, discusses Coca-Cola’s motivations, implications for the broader drinks industry, and potential future developments....
In Sub-Saharan Africa, the market for mass beauty and personal care products is bigger than the premium market and registering strong growth. A lot of international premium brands have a presence in countries such as Angola, Cameroon, Ivory Coast, Ethiopia, Nigeria and Ghana to name a few, although their product offering might be limited relative to more developed markets. Consumers in these markets - especially the younger generation of consumers - spend on beauty and personal care and fashion ...
Consumers’ need to look beautiful in the long run has led to the prominence of the megatrend ‘healthy living’ in the region of Middle East & Africa. This important shift in the search for products and brands is the result of a new consumer attitude that a holistic approach is needed to be beautiful and healthy. The catalyst for this in the region is the rise in availability or natural, organic, and free-from chemical products....
Natural ingredients are already a mainstream idea, especially when it comes to healthy diets. A more holistic approach is also being seen in beauty and personal care as a growing number of products are now containing healthy ingredients that are commonly used in the food industry. This rejection of beauty products that contain potentially harmful ingredients like sulfates, surfactants, parabens, silicones and triclosan does not mean that newer products are 100 percent natural, however. A common ...
China’s government is investing into the growth of hockey’s popularity in the country with the 2022 Beijing Olympics right around the corner. However, the stance of National Hockey League (NHL) remains uncertain in the country due to its decision not to let its players participate in the PyeongChang Olympics in 2018. Missing out on another Olympics could negatively affect the NHL’s overall appeal among Asian audiences, especially with the NHL’s recent drive to establish global interest that incl...
Across the North American beverage industry, there are a variety of similar trends between the US and Canada. However, there are also facets to each economy that result in a greater penetration of a certain category in one or the other. In this podcast, Euromonitor uncovers market drivers that are more apparent in either the US or the Canadian drinks market.
The $40 billion footwear market in Latin America has been struggling since 2014 due to economic and political turmoil in Argentina, Brazil and Venezuela. However, the market is finally starting to recover. Growth is expected to average 3 percent combined between 2018 and 2022....
The global retail packaged food market is showing steady value growth in constant terms. At the same time, consumers are becoming more cautious, savvy and skeptical. Not only is it easy to check reviews of food products online, but there is a growing health and environmental awareness surrounding food and food production. Likewise, people are busier and on-the-go more than ever. Catering to these consumer demands and trends comes in many different ways, and packaging companies are rethinking por...
Custom skin care is a strong trend that has picked up momentum in India over the last two years. With growing beauty concerns, especially among the younger and working population, consumers are no longer happy with a one-size-fits-all solution. Beauty specialist retailers and department stores are two major channels that will witness a high level of consumers wanting custom skin care products. The penetration and adoption of such products is influenced by the increasing level of consumer awarene...
Public policy makers, influencers and consumers, have putting pressure on the soft drinks industry to take responsibility for their role in public health issues and produce healthier business models for the future. The focus has largely been for brands to change their recipes, however, the industry has responded with a magnitude of strategies, which not only allows them to manage, but also prosper in these challenging times....
In 2017, the global rise of “#MeToo” campaigns on sexual harassment triggered a deeper call out culture, which has been heightening in 2018, as support spreads across many global causes. Euromonitor International in the beginning of the year revealed the Top 10 Global Consumer Trends to reign in 2018 and identified Call out Culture as one of the trends to look out for. Whether it is airing a grievance on Twitter, sharing a viral message or signing an e-petition, consumers are having their say. H...
The latest Euromonitor quarterly forecast update reveals a continuing expected positive growth trajectory for retail tissue and disposable hygiene products through 2022. One of the markets that will see an upgrade is Egypt, where the economy is improving. In contrast is South Africa, which topped the list of downgrades....
After a few years of instability, travel transportation in Eastern Europe recorded 8% value growth in 2017. Airlines led all travel transportation value sales. As the industry grows further, 2018 is projected to result in even better consumer experiences and prices....
The supermarket price wars that have benefiting bargain-hungry shoppers in Australia for nearly a decade may be coming to an end thanks to the price of barbecue chicken. A few weeks ago, Australian supermarket Coles raised the price of barbecue chicken by one dollar in some of its regional stores, sparking major rival Woolworths to follow suit by matching Coles price rise. This move may move end the so-called price wars as supermarkets, who have been losing earnings since the wars started, may b...
Delivery is growing faster than any other dining occasion, but can it create incremental sales for foodservice overall? Cost is still a barrier for greater levels of participation, but with better technology, apps and more digital engagement than ever, food and dining is increasingly available at the push of a button. This could have an impact on delivery’s long-term potential to draw more of the consumer's meals to foodservice....
The coffee industry continues to flourish within Australia and New Zealand as consumers look to emulate a cafe experience in their own home. As a result of this, high-quality, fresh ground coffee pods remain in high demand and are experiencing strong growth with more than a third of local consumers owning a coffee pods machine. Despite the growth in coffee pods, premium instant coffee is anticipated to remain a significant driver of the cafe culture in Australia with sales expected to reach AUD ...
Southeast Asian consumers are increasingly concerned with adopting healthy cooking and clean eating habits, which is impacting both cooking appliances and packaged food. Consumers also want food and appliance products that support a spectrum of consumption methods including home cooking from scratch as well as ready-to-cook and ready-to-eat products. The challenge for companies is striking a balance between healthy and convenient kitchen solutions....
Even though the population of the Asia Pacific region is generally young, today “aging”is still on the minds of many consumers there. More people are looking into the future and making purchase decisions based on this concept. In fact, Asians are more willing to take vitamins and dietary supplements when compared to global consumers. According to Euromonitor International's Lifestyles Survey results, over half of consumers with internet access in the APAC region responded that they took vit...
Within apparel and footwear, sportswear is expected to be the fastest growing category over the next five years. In the UK, sportswear has a foretasted compound annual growth rate of 4.5% in constant value terms. The trend of athleisure, that is, clothing designed to be worn both for everyday use and for exercise, is becoming a part of everyday consumer lifestyle, leading the sports-inspired category to become the fastest growing category of sportswear over the past five years....
There is a growing realisation that investment in infrastructure should be a key priority. Ageing infrastructure in developed countries means infrastructure update is overdue. At the same time, rapid economic development, population growth and a faster pace of urbanisation in developing countries are making it imperative to develop adequate infrastructure to support the growth. Euromonitor’s recent briefing titled ‘Global Overview of Infrastructure’ as the name suggests provides an overview of t...
Healthy lifestyle habits are being normalized as concerns over obesity, food sensitivity and disease continues to rise. A more holistic approach to wellness is being adopted globally, which encompasses spiritual and mental well-being alongside physical health. This trend is creating opportunities across a variety of sectors, especially the travel industry, which is seeing more consumers travel for health reasons....
Euromonitor International recently published 2018 edition of health and wellness data inside of our Passport research database. In the health and wellness beverages market, major soft drinks companies such as Coca-Cola, PepsiCo, Nestle and Danone continue to hold prominent positions. Water giants Nestle and Danone outpaced carbonates players Coca-Cola and PepsiCo. Multinationals are chasing deals in the organic, naturally healthy and fortified and functional spaces. Danone’s WhiteWave acquisitio...
Still bottled water is emerging in Azerbaijan and Georgia. The volume CAGR for the period 2012-2017 has reached 8% for Azerbaijan and 11% for Georgia. Growth is expected to be kept within 2018-2022, so bottled water will remain a profitable area of investing within the next five years in these countries....
Technology, urbanisation and economics are reshaping the behavioral patterns of inhabitants and creating new channels of access to consumers. A new, rising middle class in emerging economies is embracing modern, urban lifestyles; technology is connecting homes to retailing ecosystems; and fewer residents per household is reshaping the way homeowners utilise their space. Learn more in our latest global briefing ....
One of the largest trends in the beverage market in Southeast Asia is hydration. This has been apparent since 2016, when sales of products like bottled water and coconut water grew strongly across the region. Consumers are becoming more conscious about their health, and as a result, seek either water or water-like options. In Southeast Asian markets, soft drinks players are tapping into this trend by launching products such as sports drinks and functional bottled water. Some countries, such as T...
Apparel and footwear will continue to see strong growth from 2017 into 2018, bolstered by brands coming out of emerging markets. Children's brands from China are seeing especially strong growth, due to the abolishment of the one-child policy. China wasn't the only country making its mark on global performance, however. Mexico and Brazil also saw strong growth and contributed to overall global sales....
As the Oakland Raiders continue to plan its move from its ancestral home of Oakland, California, to Las Vegas, Nevada, there is much to ponder. Analysing match-day trends and commercial partnerships Euromonitor sheds light on the opportunities and some of the challenges that will face franchise and league stakeholders. Euromonitor International will launch its dedicated sports and entertainment system in 2018 – and in the interim will utilise its team of sports analysts to produce compelling and...
