Euromonitor Podcasts: Recent Episodes
Euromonitor International
Euromonitor International talks about global market research affecting the world today with a look at the global economy, emerging markets, and consumer trends around the world.
This episode contains audio extracted from a recent webinar. For the full version, including slides and other resources, click here.
Complex and uncertain: two words that define the current outlook under Trump’s political agenda.
What’s the potential impact of Trump’s policies across industries and the macroeconomic landscape? Is a recession on the horizon? How can companies prioritise decisions or investments in this volatile economy?
Listen for insights into the real implications of US regulatory shifts on your business. Euromonitor experts share data-driven insights on four major concerns right now: tariffs, migration, deregulation and consumer demand.
You’ll leave this session with a clear view of challenges and opportunities ahead to guide your strategic planning.
What you'll learn on the impact of Trump policies:
- Outlook: Economic landscape with updated forecasts
- Tariffs: Disruptions in fashion, automotives and appliances
- Migration: Effects on tourism flows and home construction
- Deregulation: Focus on consumer health and ingredients against the backdrop of Make America Healthy Again (MAHA) proposals
- Consumer demand: Consumption shifts in alcoholic drinks and food
Introducing Opportunity Minded, a new series from Euromonitor International designed for forward-thinking business leaders like you. Each episode tackles a strategic approach or topic on corporate agendas. You’ll hear from our experts who share in
For businesses ready to adapt to significant shifts in US policies, opportunities will arise. Bookmark our Trump Policies hub at Euromonitor.com. With tools, expert advice and data-driven perspectives we’ll help you navigate the shifting trade landscape with confidence.
Disclaimer: Panel was recorded on 8 May 2025 before the US-China trade agreement on tariff rollbacks for a 90-day period was announced on 12 May 2025.
Hear this panel to unpack the impact of Trump’s tariffs on the global trade landscape. You’ll gain insights that can help you operate in today’s volatile economy as policy shifts continue at speed.
Euromonitor experts discuss the ripple effects of evolving US tariffs, review the latest economic forecasts and outline market opportunities for your organisation.
Supply chains, pricing strategies and investments face intense scrutiny amid this uncertainty. And business leaders are left with the impossible task of trying to predict what’s ahead.
Impulsive, reactive decisions could be detrimental to long-term success—especially when new exemptions or changes in tariffs are happening by the day. Case in point: just four days after we recorded this panel, the US and China announced an agreement to reduce tariffs for a 90-day period (bookmark our hub for updated analysis).
Tune in to our lively talk that addresses some of the questions we’re all asking right now.
Find answers to your business concerns:
· Are these tariffs hitting global economic projections?
· What’s the impact on companies and consumers?
· How could pricing and inventory shift in the coming months?
· Where do opportunities exist in this marketplace?
· Which tactics or tools help you mitigate risks and build resilience?
Companies can transform tariff shocks into a foundation for sustained competitive advantage with comprehensive market intelligence.
Meet the Euromonitor experts:
· Bill Carroll, manager – government & trade
· Dr. Bolutife Onaneye, senior consultant
· Lan Ha, head of insights – economies & consumers
· Matt Tripodi, senior global territory director – government & trade
· Quinton Walker, consulting project manager – financial services
· Sowmya Ramaswami, consulting practice manager – global trade & exports
Join two of our sustainability experts, Inga and Jorge, to explore this fast-changing landscape and find solutions to improve your strategic initiatives.
Businesses are under pressure to align with ambitious climate goals and ensure transparent, responsible corporate action. Europe is at the forefront of regulatory change, but companies often struggle to keep up with rapidly evolving policies and demands. And identifying the right sustainability approach to succeed in the region becomes an even bigger challenge.
In this conversation, you’ll gain strategies and insights that can help you uncover opportunities in sustainability.
To view the full video, visit our website
To learn more about our sustainability solutions, click here
Join four of our leading experts as they delve into the evolving landscape of health and wellness, focusing on its expansion from a trend to a consumer lifestyle. Key topics include the Blurring of Wellness Concepts, Women’s Health, Self-Care at Home and the Evolution of Health-Conscious Eating.
Uncover the future of health and wellness as consumers increasingly take ownership of their health through holistic, long-term solutions. Our experts discuss the drivers behind this consumer behaviour and the manifestations of the wellness lifestyle across other industries. They also discuss the unique challenges and opportunities for brands both within and outside the health and wellness industry.
A must-listen for anyone interested in the future of health and wellness.Featuring:Matthew Oster, Senior Head of Consumer Health
Irina Barbalova, Global Lead of Health and Beauty
Maria Mascaraque, Industry Manager of Food and Nurtition
Nick Stene, Senior Industry Manager of Home and Garden
Hosted by:Jessica Ridenour, Producer
Want to dive deeper into our insights, or view this panel discussion as a video? Click here.
“We started focusing purely on water, sanitation, hygiene, education, because that's the starting point, but it's the starting point to so much more. It's the starting point to better health, more safety, better education, food security, gender equality, climate action; the impacts are significant right across the board.” -Fiona Jeffery On World Water Day, join Caroline and Fiona Jeffery, the founder of Just a Drop, in this episode as they discuss the inspiration behind the charity. Fiona started Just a Drop after working in the travel and tourism industry, where she saw a lack of effort in protecting the environment and giving back to communities. Through her research, she discovered that a child was dying every 17 seconds from dirty water, leading her to create a grassroots charity that supports communities around the world with sustainable water solutions, sanitation facilities, and hygiene education. Fiona and Caroline explore the connection between sustainable travel and Just a Drop's work. They share specific examples of the charity's programs in Cambodia, Nicaragua, Kenya, and Uganda, where they have provided appropriate low-tech and sustainable solutions to meet the communities' specific needs. Just a Drop aims to make a lasting difference in communities and give people the hope and belief that they can take ownership of their futures. Since 2016, Euromonitor International has been one of Just a Drop's headline charity partners. Our involvement has helped the charity's programs and projects across Asia, Africa, and Latin America, benefiting over 20,000 people. Millions of women walk for hours every day, just to collect water. But how far would you go? For World Water Day, Just a Drop are challenging people to scroll through one woman’s 9km walk to the well and back – the longest Twitter thread ever made. Click here to take on the challenge: https://twitter.com/Just_a_Drop/status/1635366676932751392
For more info on The Walk to the Well, click here.
To learn more about how Euromonitor can help your business embrace sustainability, visit our website.
After a booming summer for socializing, things are starting to cool off. Inflation and the cost-of-living crisis are catching up with consumers who might still have some pent-up desire to go out. These conflicting desires leave consumers dangling between spend and save, while still looking for ways to continue their social lives. So what are they doing? How are people getting together when money is tight? On the tail end of the holiday season and as the popular “dry January” ends, our expersts discuss what’s next in this transitional time. Join Michael Shaefer, Spiros Malandrakis, and Zora Milenkovic as they discuss: Will financial pressures cause a decline in spending on social occasions? Or is there enough pent-up desire to outweigh the costs? Or will consumers simply find different, perhaps cheaper, ways of getting together? What opportunities exist for brands in this evolving landscape?
Want to learn more about the biggest consumer trends this year? Check out our new report Top 10 Global Consumer Trends 2023, where you'l learn about Budgeteers, Here and Now, and Young and Disrupted.
The fourth in a series exploring the impact of hybrid work on Western European industries, this episode explores the opportunities for destinations and brands in the growing "Bleisure Travel" market. Bleisure, the idea of combining business travel with leisure travel, is not new but it is booming. Instead of extending business travel to include a little leisure, hybrid workers are taking advantage of flexible work to extend their vacations by getting some work done. But what, if anything, are destinations and brands doing to cater to this growing crowd?
Euromonitor's Alexander Gorrasson and Stephen Dutton talk us through some of their findings from their recent report, Bleisure and the Future of Travel and Work. Who are Bleisure travelers? What's different about them? What are they looking for in accommodations? What are the biggest opportunities for destinations and brands? And how big IS the market for Bleisure travel?
Want to read more about Bleisure travel? Check out Stephen's recent article.
Learn more about the effect of hybrid work on fashion, food, and home in our previous episodes. And find all the latest insights on travel on our insights page.
With the holidays approaching and inflation surging, value is at top of mind for many consumers. But value is more than value for money, and the Pursuit of Value is here to stay as one of the 10 most influential megatrends identified by Euromonitor International as having far-reaching impact on industries, companies, and consumers. In this podcast, An Hodgson explains all about the Pursuit of Value – where it comes from, why businesses should pay attention, and how can they win with this megatrend.
Find even more content on our Insights Pages!
You've got 3,344 unopened emails, a To-Do list that's a mile long, and guests coming in for the weekend. The anxiety kicks in- How am I going to get everething done? Heart pounding, sweaty, hands shaking, you reach for the most logical thing- a nice cup of chamomile tea to calm you down so that you can think clearly.
Or... maybe not.
Anxiety is on the rise and yet, consumers can't get enough of their favorite stimulant: Caffeine. In this episode, Matt Barry talks us though "The Caffeine Paradox," one aspect of his recent report, in which anxious consumers counterintuitively refuse to give up their triple shot lattes despite their well understood negative side effects. Is it the ritual that keeps them coming back? Emotional attachment? Performance anxiety? A moment of self-care? The pressures of inflation? Or just trying to maintain a modicum of control in an increasingly chaotic world?
Find all of our content in one place on our insights pages, including reports, webinars, videos and podcasts.
For consumers who have spent the last few years yearning for travel, it's an exciting time. Borders are open, the threat of lock downs seems to have passed, restrictions have lifted, and there are excellent travel deals to be had. But at what cost to the planet? Many travelers are seeking ways for their "revenge travel" to have less of a negative impact on the planet.
How will the travel industry meet the demand for sustainable options? What should businesses be doing now to meet the demands of consumers and regulators? What brands are innovating in Ecotourism?
In this episode, Caroline Bremner speaks with us ahead of her appearance at the World Travel Market, where she will be publishing her latest travel innovation report. Learn all about the latest trends in Ecotourism and what brands can do to stay relevant in an industry where sustainability is increasingly vital.
As the metaverse explodes to a multi-trillion-dollar opportunity, early comers will be the ones to reap the benefits. But how exactly can businesses get into the metaverse? Listen to Euromonitor's consumer expert, Jana Rude, lay out three potential paths for businesses on a scale of "cautious" to "all in."
Metaverse, or the highly interactive three-dimensional virtual world, has emerged as a hype of 2021-2022. This movement blurs the boundaries between the physical and virtual worlds. It builds upon the consumers' strive for experiences, growing adoption of all-things-digital, and developing augmented reality (AR) and virtual reality (VR) tech capabilities.
Sound exciting? Learn more about building a metaverse strategy for your business or how the metaverse fits into our Top 10 Global Consumer Trends of 2022.
Wellness has been identified by Euromonitor International as having the furthest-reaching impact on industries and consumers in the future. In this podcast, Euromonitor's Julia Illera, Rachel He, Amulya Pandit, and Herbert Yum discuss the key findings from their recent report, Wellness: Longevity and the Quest for Healthy Ageing in Asia Pacific. Hear insights on the link between rising longevity and consumers’ search for a healthy life and learn the three key pillars to indentify the wellness opportunities in the APAC region. For a more in-depth look at these growing opportunities, check out our recent article or download the full report today.
Adeife Onwuzulike, Director of Diversity, Equity and Inclusion (DEI) at Euromonitor International, knows the true value of working in an inclusive and diverse company. She recently joined Euromonitor from The Confederation of British Industry (CBI) - where she was also Head of Diversity and Inclusion. At the CBI Adeife worked on embedding DEI into the business culture and strategy and created and managed a number of employee networks and worked with their clients on their DEI journey. She worked tirelessly to ensure that the organization was not only diverse but also a place where all employees felt like they can be their true authentic selves. After almost three years of a global pandemic and political and racial tensions increasing across the globe, issues around DEI have become even more critical for luxury and fashion businesses to address than ever before. The long list of new diversity and inclusion recruits witnessed across the luxury and fashion sector over the last 12 months shows that the needle is indeed moving. However, there is still a long way to go. In this podcast Adeife Onwuzulike shares her expertise and knowledge in this area with Marguerite LeRolland, Head of Fashion and Fflur Robert, Head of Luxury at Euromonitor International and addresses questions around what’s here now and what’s to come next.
Passport subscribers can access the full report here.
Not a Passport subscriber but still want to learn more? Contact us or check out this article on Five Trends Shaping the Global Luxury Goods Landscape.
The third in a series that explores how hybrid working has impacted several industries across Western Europe. In this episode we turn our attention to what it means for industries like consumer electronics and appliances, home improvement & gardening, toys & video games, and hygiene. Euromonitor’s Alexandre Loeur is joined by Veronika Kandusova, Per Brandberg and Miles Agbanrin. They discuss how the music and sports industry turned to gaming to engage with consumers, how people transformed their homes into workspaces, gyms or entertainment hubs and assess if these changes are here to stay.
Want to check out the other episodes in this series? Find them here:
Hybrid Working: Impact on Fashion
Hybrid Working: Impact on Food and Nutrition
Interested in what the future of work looks like? Our recent webinar can tell you more about the future of work- remote, hybrid, and beyond.
Physical spaces are evolving in the wake of the pandemic.
Drawing on their recent report, Nadejda Popova and Alex Jarman discuss the top six trends they're seeing in the hospitality industry as it responds to changing consumer lifestyles, business models and workplace alongside the influence of digital transformation.
As more companies embrace change and innovation, physical spaces can be redesigned to create unique user experiences across all touchpoints.
How are social media companies showing up in the space IRL? Where do sustainability and design come into play? And how much is consumer preference really driving these trends?
Want to learn more about the full report? Click here.
Already a Passport subscriber? You can access the report here.
With prices skyrocketing, how can brands balance the conflicting consumer desires to have heightened experiences AND simplified inexpensive options? Senior Industry Manager, Caroline Bremner, explains how Euromonitor's Megatrend "Experience More" is transforming in the current climate.
Inflationary pressures are eating into consumers’ discretionary spending, yet the desire for experiences regardless of channel – in real life or the metaverse – remains unabated. Brands are adopting a ‘less is more’ approach, with no-frills, removing filters, reducing choice and knocking down barriers to ensure that brand experiences are inclusive and appealing to all, opening up new opportunities to forge long lasting connections.
What opportunities exist for brands in this climate? How can they use this moment to build brand loyalty?
Want to experience more Experience More? Get more info about the full report here. Or head over to our Inflation Surge Page for more content and to try our Price and Availability Tracker.
Social occasions and travel have made a comeback, boosting the recovery of fragrances, colour cosmetics and sun care in Western Europe. But what about hand sanitiser? Has its hero moment come to an end?
With inflation now in the mix, consumers want their beauty products to do more. New beauty trends (hint: multifunctionality) are emerging in the region as pandemic-related changes subside. What are consumers looking for in their personal care products today and where are they buying them? Listen in to find out.
Want to know more about our full report? Click here. For more insights like these, check out our other podcasts or visit our insights page for articles, webinars, and videos.
Tackling environmental challenges are top of the sustainability agenda for governments, with countries around the world setting targets and regulations, and companies from every sector being encouraged to increase business transparency and accountability via mandatory ESG reporting. Although some companies and sectors are acting ahead of regulation, legislation has become a vital mechanism to regulate businesses’ behaviours, protect local communities, consumers, employees, and the environment. In this podcast, Shane MacGuill, Euromonitor International’s Global Lead for Nicotine & Cannabis discusses the drivers of environmental sustainability regulation in tobacco and cannabis industries, its role and implications on businesses and consumers.
Want to learn more about our report: Environmental Sustainability Regulation: A Cross-Industry View? Click here!
And for more podcasts, articles, and videos on the Tobacco and Cannabis Industries, be sure to check out our insights page.
Airlines are facing inflation, rising oil prices, and staff shortages, all while customers rush to book their "revenge travel" at a bargain cost. Some airlines are raising ticket prices to cope with rising expenses, but others are not. Euromonitor's Senior Project Manager, Nadejda Popova, joins Jessica to discuss how the aviation sector is expected to fare in these turbulent times and shed some light on why she can't find anymore cheap flights to use up her vouchers.
Inflation is everywhere! Learn more about its effect on business across all markets with these handy infographics.
To learn more about recent challenges in the Travel Industry, check out our Voice of the Industry: Travel Survey - Facing New Challenges
What's driving sustainability in the foods and drinks industries? And what are the implications on businesses and consumers? Euromonitor's Maria Mascaraque, Food Industry Manager, Howard Telford, Senior Soft Drinks Manager and Rosemarie Downey, Packaging Industry Manager give their insights.
Want to learn more about the report we mention? Click here.
The second in a series that explores the impact of hybrid working, this episode is a deep dive into how retailers in the food and nutrition space are responding to the recent change in working patterns. Euromonitor's Natasha Cazin is joined by analyst Natalia Theofilopoulou to answer the following questions- What sort of changes are food players making? How does packaging play a role? Who is innovating in response to hybrid work? And how can retailers win amongst so much change?
How are consumers with different comfort levels approaching a return to pre-pandemic life? Certain consumers are eager, whilst others are hesitant, to resume their normal activities, creating The Socialisation Paradox. Euromonitor's Rob Eveson and Kalina Doykova join Amy Rollinson to discuss how this dichotomy impacts a range of industries, from travel, food service, alcoholic drinks and home.
Want to know more about The Socialisation Paradox, or any of our other Top 10 Global Trends of 2022? Download the white paper or watch the webinar. https://bit.ly/3FIhOJkhttps://bit.ly/3FIhOJkhttps://bit.ly/3FIhOJkhttps://bit.ly/3FIhOJk
Join Caroline Bremner for the latest Travel Leaders Podcast in conversation with PATA CEO Liz Ortiguera. Liz gives us the latest update from Asia Pacific on tourism recovery, where there is cautious optimism based on pent up demand and increasing flight capacity as the region reopens. Liz outlines PATA’s work in vaccine equity to ensure a sustainable recovery. Finally, Liz shares best practice, outlining how crisis triggers the best type of innovation out of urgency as true needs are sharpened.
Join Caroline Bremner as she speaks to Chris Imbsen, Director of Sustainability at WTTC and Megan Morikawa, Global Sustainability Office Director at Iberostar. Chris walks us through the key findings of WTTC’s Roadmap to Net Zero where urgency is required to accelerate a sustainable transition for travel businesses. While Megan outlines the importance of making decarbonization a reality in destinations to the net benefit of local communities and preserving fragile coastal ecosystems.
Want to learn more? Check out Caroline's article about green tech innovation in tourism.
The marketplace in OTC drugs is going through a period of acute change, as formulators and marketers increasingly must consider factors like sustainability and digitalisation in product design and brand outreach and development. In this podcast, Stella Vatcheva and Matthew Oster discuss prominent approaches from category adjacencies in consumer goods and answer the question- How can the OTC industry incorporate these innovations moving forward? Want to learn more about innovation and consumer health? Check out our insights page.
Everyone is talking about inflation. In this episode, Lan Ha, Euromonitor's Head of Economy, Finance, and Trade, explains how business and consumers will react in tandem to the surge in inflation. How will consumers modify their spending habits? What can businesses do to adapt to growing production costs and shifting consumer behaviour?
Still have questions? Check out the article mentioned in this podcast, "Three Main Risks Facing Businesses in 2022: Omicron, Supply Chain and Inflation."
As we adapt to an increasingly digitally reliant world, this episode explores how digital innovations, shifts in target demographics, and lifestyle changes caused by the COVID-19 pandemic are drawing fashion players to explore opportunities in the metaverse. What challenges and opportunities will fashion players face while trying to capitalise on the expansion digital fashion in the metaverse?
The legalisation of the cannabis industry in California in 2016 was signaling the end of the illegal market and promising economic gains. Today leading California cannabis companies warn that they’re on the verge of collapse as most local governments have been reluctant to loosen regulatory frameworks, reduce taxes, permit wider range of product formats, and establish more attractive distribution systems for easier access. According to Euromonitor’s Global Lead for Nicotine and Cannabis Industries Shane MacGuill, uncertainty in the regulatory frameworks and lack of legal activity negatively impacts investments and social acceptance of the industry. More attractive prices, dynamism, authenticity, and easier access of the illegal propositions still remain more attractive to consumers. With more countries considering legalisation of the cannabis industry, learning from North American experience becomes critical. Euromonitor’s Shane highlights the importance of having a clear purpose for legalization that would set the basis for well-balanced regulatory frameworks and smooth transition from illegal to legal cannabis consumption.
This episode is the first in a series that explores how hybrid working has impacted several industries in Western Europe. After a year of working from home as a result of the 2020 pandemic, hybrid working came into full play by the end of the fourth quarter in 2021 in the UK, with the return of people to offices on a flexible basis. Analyst Nina Marston and consultant Natasha Cazin discuss how fashion brands and retailers are responding to this change in working patterns, in terms of product assortment and distribution, including a shift to buying clothes online.
As India begins to emerge from the third Covid-19 wave, what tips and tricks will help restaurants keep afloat amidst the dynamic rules and regulations? Euromonitor International's Food and Nutrition Insight Lead India, Shreya Sharma, takes us through the performance of the Consumer Foodservice Industry in 2021 and how it is expected to pan out in the future.
As part of Euromonitor International's Megatension series, analysts Lucas Pinto and Chloe Maarek discuss how the pandemic has aroused a range of different feelings, leading some to increased anxiety and stress, and others to a higher proactivity and “can-do” attitude. Based on these conflicting needs, products aiming to enhance focus and attention are becoming more popular at the same time as products intending to increase relaxation and calmness. Pandemic-related needs have brought this polarized trend into beverages, consumer health and cannabis, but where will it go from here?
Consumers are growing more aware of environmental issues in fashion; yet, consumers' readiness to embrace circular fashion practices differs across the world. In this podcast, we will explore consumers preferences in the market of Eastern Europe, including the Baltics region. Are Eastern European consumers ready to prioritize sustainability in their purchase decisions? Are brands making any commitments to circular fashion? What changes in consumer perceptions are expected?
Latin American economies shrunk by more than 8% on average in 2020. This reality fosters the concept of frugal innovation, given the inadequate fiscal and monetary stimulus in the region. Consumers will continue to be price sensitive and receptive to affordable products that answer their needs. Innovation, social networks, business models and flexible payments methods will be key actions that must be taken to engage with this targeted consumer.
While being a vehicle for job creation, prosperity and equality, if out of control, travel and tourism can damage precious ecosystems and biodiversity. Climate action was accelerated during the pandemic, where travel businesses took advantage of the pause to rethink their corporate strategies and supply chains to drive cost efficiencies. The intersection of climate action and green technology is a sweet spot for innovation for travel brands and destinations on the pathway to net zero.
Hot off the back of COP26, Caroline Bremner speaks to Jeremy Smith, Co-Founder of Tourism Declares a Climate Emergency in the latest Travel Leaders podcast. Hear from Jeremy about the journey that Tourism Declares has been on, culminating with the launch of the Glasgow Declaration to provide a working framework for the tourism sector to reduce its carbon emissions by 50% by 2030. Jeremy gives an insight to what happens next now that the momentum is well and truly rolling on climate action.
In this episode, Euromonitor International’s Nutrition Research Analyst Ekaterina Tretyakova discusses the main trends in the ready meals market. Consumers tend to cook less often but still perceive eating together as an important social occasion, which is driving demand for ready meals. Increased spending on ready meals and their delivery is accelerating the development of new business models, and close collaboration between retailers and foodservice operators. Within this burgeoning category there are
clearly emerging trends - health and wellness, sustainability, and the impact of technology – which are also explored in this podcast.
The COVID-19 pandemic has ushered a change in consumer transport patterns. More people have turned away from public transport due to lockdowns and strict social distancing rules in favour of cycling and private car travel, while others have reduced demand for transport due to remote work arrangements. In a post-pandemic, world transport demand is likely to return to some level of normality, though personal car travel is likely to decrease in favour of mobility-as-a-service and micro-mobility.
This month’s episode of Fashion Friday by Euromonitor International analyzes the digital resale market in North America. While the resale market has existed for decades, it is currently booming thanks to the changing needs and values of consumers, especially Millennial and Gen Z consumers. A range of new, digital-native players and initiatives by existing clothing brands have emerged to meet these needs. Who are these new players? What drives consumers to a particular resale platform? Will the trend continue? What can existing brands and retailers do to capitalize on this growing market?
In this latest episode of Travel Leaders Series, Head of Travel Research Caroline Bremner speaks to Shaon Talukder, Chief Executive Officer of Geotourist, an award-winning audio-tours platform that enables local people to share and preserve their stories.
Geotourist’s transformation in becoming a vital tool for destination management, leveraging visitor analytics, encouraging dispersal and inclusion. Tune in to hear about future opportunities for the creator economy.
In the aftermath of COVID-19 lockdowns, stark tensions and contradictions have arisen in many parts of the world. Behavioural tensions and responses range from empathy and a growing sense of community to a “me first” attitude of self-interest; from a “more is less” approach to consumption to indulgence spending and comfort clutter.
Consumer behaviours towards sustainability in fashion are characterised by a tension between opposing trends, especially in an age of overconsumption: are shoppers holding brands accountable for their ethics or are price and convenience still driving consumption? Is a 'structural shift' in the industry really happening or were these pledges mostly PR stunts in the wake of 2020’s big focus on social causes worldwide?
Hallyu (a Chinese term that translates to ‘the Korean Wave’) refers to the transcendence and increasing popularity of South Korean cultural exports such as South Korean TV dramas and pop music. Popular in Asian countries from the mid-1990s to the mid-2000s, the second wave or Hallyu 2.0 is now becoming popular in Western countries - and luxury brands are seeking out more collaborations with Korean celebrities as global brand ambassadors. Are Western consumers and Korean consumers different in terms of their expectations from the brands in which they invest? How is South Korea influencing global fashion, and is the luxury industry prepared to accurately understand consumer groups across different communities and cultures?
While the global luxury goods market is expected to recover from the pandemic in the coming years, sustainability will be an increasing focus area for luxury players to engage with consumers, with a new-normal having emerged as values were transformed by the experiences in the pandemic. Euromonitor International’s Industry Manager Fflur Roberts and Consultant Yuri Gorai discuss sustainability trends in the global luxury goods industry as well as in the important Japanese market with Taro Okamura, Senior specialist for investor relations and ESG at Valuence Holdings and Senior specialist for strategic market analysis at Valuence Japan. Learn more about Valuence Holdings at its website.
This episode is the second of our new podcast series on “Restarting Europe”, where Food and Nutrition Research Analysts Margaux Laine and Marie Breban will dig deeper into the evolution of the physical store one year and a half into the COVID-19 pandemic, as Europe is gradually re-opening.
The episode will explore two pillars shaping the future of the brick and mortar store in Europe – ‘Betting on Suburbia’ and ‘Exploring new concepts’. With e-commerce further gaining advantage during extended lockdowns, can physical stores compete by betting on community-driven initiatives? Can retailers and shops extend the role of the physical store, and where does sustainability fit into this new normal?
As the region experienced recessionary economic conditions in the past year due to the pandemic, the value of the apparel and footwear industry declined by 15%. As a result, new trends such as digitalisation, cash-on-delivery and the rise of casual wear emerged and started gaining traction. Though the pandemic caused massive disruptions to supply chains with country-wide lockdowns, port backlogs and shipping delays, many companies have turned to produce locally, which creates an advantage of having a more agile supply. In a market where agility is needed, it is in retailers' plans to support and invest in the local manufacturing industry.
In this podcast, we take a fresh look at the Experience More megatrend, where the virus put a stop to real life experiences during lockdown with consumers seeking their social, shopping and entertainment kicks online. Consumers continued to seek enhanced products, enhanced by technologies like AI and augmented reality for greater personalization. The pandemic also brought into sharp relief inequalities as seen by the continued rise in social activism, such as the Black Lives Matter movement. Facing the climate emergency, it is more essential than ever that brands create authentic engagements and leave the right lasting impression of their core values.
Hygiene has become a buzzword since the beginning of the pandemic. With the simple measures like wearing a mask, maintaining social distancing, and washing hands are being considered the best ways to prevent the spread of the virus. Given the threat of infection, hygiene beyond personal care has become relevant to consumers as they spend more and more time at home. Which has lead to domestic hygiene becoming an important part of our daily lifestyles. However, since 2020, given the evolving nature of the situation across countries, it might be a good idea to understand what domestic hygiene means today? In this podcast we speak with our Senior Analyst Anjali Jain on the same.
Latin America is expected to be the second-fastest growing region for cannabis over the next five years. Although the current regional market is undeveloped, companies need to ensure communication strategies, product development and commercial efforts are aligned with consumer values and priorities, which will impact how cannabis categories develop in the future.
In this episode, Shane MacGuill, global lead of nicotine and cannabis, joins Erwin Henriquez and Rodrigo Mattos, two of our cannabis experts based in Latin America, to discuss the current landscape, emerging trends and opportunities for cannabis in the region.
Dive deeper into the Latin American cannabis market and further explore the insights from this episode in our “Cannabis in Latin America” report.
The airline industry is coming out of the pandemic completely transformed, with fewer operators in the market, as they seek operational efficiencies, fight shrinking cash flows and declining business travel, whilst driving a wide range of cost cutting measures and substantial restructuring programmes. Sustainable transportation is set to become the real game-changer in the post-pandemic business environment for airline operators, as consumers increasingly embrace more responsible tourism.
The opening ceremony of the Olympics Games Tokyo 2020 finally took place on July 23rd 2021. Although diversity is one of the core values of the Olympics, Japan has lagged far behind other countries in terms of diversity including gender equality. According to Euromonitor International’s Economies and Consumers data, the income gap between male and female consumers in Japan was 33% in 2020. However, after the sexist comment made by the former Olympics committee chief executive was rebuked by global society, consumers in Japan became increasingly aware of the issue, and companies have started to react quickly to those consumers voices. This podcast will discuss the diversification trend that is finally starting to emerge in Japan.
The impact of COVID-19 raised awareness about the environmental consequences that consumption habits have on the planet. Companies that demonstrate purpose-driven solutions and sustainable commitments as part of the core business are increasing to remain relevant. As a result, three trends are currently standing out in Latin America namely, casualisation, sustainability and digitalisation. Due to the effects of the pandemic, consumers are increasing their interest in brands that offer a combination of technical, stretch and street attributes for a more relaxed look. Prolonged confinements diminished social occasions and the accelerated adoption of work from home is promoting the transition towards a more 'carefree' appearance of daily life.
This episode is the first of our new podcast series on “Restarting Europe” where Food and Nutrition Analyst Margaux Laine and Consultant Maria Bogdanova look at the opportunities the opening of economies brings for retail. The rates of vaccination are picking up in Europe and governments in the United Kingdom and Denmark are going as far as announcing they prepare to lift all restrictions by July and October this year. Now many of us have been homebound for an extensive period, going into our second year. But what if the role of the retail store was already called into question pre-pandemic, how has this pandemic pushed this forward?
In the latest edition of the Travel Leaders Podcast, Caroline Bremner speaks to Shannon Guihan, Chief Treadright and Sustainability Officer at The Travel Corporation and Treadright Foundation.
Shannon gives us a behind the scenes view of the challenges of implementing a sustainability strategy of 11 goals across 40 travel brands.
Shannon outlines how The Travel Corp has double-downed on its climate commitments despite the disruption caused by the pandemic, where driving resilience for their business is imperative to prepare for future threats.
Shannon finally discusses destination management challenges with ways to ‘fix’ travel and tourism, moving beyond the rhetoric to take account of yield, seasonality and building sustainable, resilient businesses.
The alcoholic drinks industry has faced massive shifts in the wake of the COVID-19 pandemic, however the non alcoholic spirits segment achieved about a 7 to 8 percent total volume growth on a global level; the exact opposite of the spirits category overall. Spiros Malandrakis, Head of Alcoholic Drinks research says in the next 3 to 5 years that he expects a level of indulgence not seen since the so-called "roaring 20s". What does this mean for the future of the low and no alcoholic drinks? The category must expand in new directions and differentiate, but also new products must keep consumers coming back for more.
Digitalisation has been a trend for fashion companies in Eastern Europe for the past few years, but the COVID-19 pandemic has forced further developments in the trend. E-commerce has been the primary way for consumers to buy clothing and footwear during the pandemic, and companies in the region have been responding to a surge in interest in e-commerce. For example, MTI TOV, a Ukrainian retailer, actively expanded its online brand portfolio in 2020 and extended access to its Intertop online platform, creating an online marketplace for dozens of partners. One of the biggest online retailers in Romania, Answear, significantly increased their online brand portfolio and they also started a new campaign called “spring Black Friday” in order to encourage online sales.
The aftermath of COVID-19 has been characterised by stark tensions and contradictions. These range from social empathy and a sense of community to a “me first” attitude of self-interest; from risk aversion to compulsive behaviour; from cautious spending and “less stuff” to indulgence spending and comfort clutter. These choices and behaviours vary from individual to individual, but we are seeing consumers engaging with both sides of the trend. They are risk averse in some aspects of their lives whilst throwing caution to the wind in others. This is particularly true of digital fatigue in an age of enforced digital reliance.
After a slump in the first quarter of 2020 due to lockdown measures, the luxury market in China rebounded much faster than expected. This was mainly due to pent-up demand for shopping, but also due to an increase in local consumption. Although China will continue to be impacted by uncertainty surrounding travel flows, Euromonitor International's latest travel data suggests that tourist spending will increase by around 80 percent in 2021, having dropped by 57 percent in 2020.
After a tough year for apparel in North America in 2020, forecasts are optimistic for 2021, especially in the categories of athleisure and sportswear. Increased time at home amid lockdowns has led consumers to dress completely differently, choosing casual and comfortable clothing over more formal or trend driven products. In fact, sportswear sales growth will outpace non-sportswear sales over the coming years due to several reasons. First, workplaces will adopt more casual dress codes amid hybrid environments as a way to attract more remote workers back into the office. Secondly, even as consumers venture out into social gatherings, these gatherings will remain smaller and casual. Third, many consumers have been leading more active lifestyles since the pandemic, with home gyms and physical outdoor activities gaining popularity. All these reasons mean that consumers will demand apparel that is versatile, comfortable and fashionable - and brands will have to tailor their product offerings to these evolving preferences.
In this co-branded podcast originally recorded for Asian Agribiz, Aileen Supriyadi, Senior Analyst at Euromonitor International discusses the trends that are encouraging the growth of the animal protein industry - despite the challenges brought on by the COVID-19 pandemic. Aileen addresses innovation, convenience, technology adoption and food safety, a behavioral reset and how consumers are moving from bricks to clicks and away from traditional markets. Finally, she explains the emphasis on wellness, health, and safety and the many ways in which producers can leverage this shift.
Caroline Bremner, Head of Travel Research at Euromonitor, welcomes Christina Beckmann in this episode of the Travel Leader's Podcast. Christina discusses Tomorrow’s Air that she co-founded after a trip to Antarctica where she grasped the magnitude of the climate emergency. Christina also addresses the sea-change in attitudes to sustainability based on her work with the Adventure Travel Trade Association, levels of consumer engagement with climate action and ways to navigate this era of transformation that we are all living through.
Businesses are inundated with information on consumer trends, but being able to decipher what these trends mean and conceptualize can be a challenge. In this episode, Stella Vatcheva, Euromonitor International's Head of Innovation, and Ali Angus, Euromonitor International's Head of Lifestyles discuss the task of quantifying megatrends, including the process used and what they discovered.
When we think about sustainability, we often think about reducing environmental impact, and the beauty and personal care industry has been mainly focused around just that. Strategies for the industry include refillable packaging, environmentally friendly packaging and reusing by-products in formulation. However, not all BPC companies are focused purely on the environmental pillar of sustainability. Companies like Gillette have also adopted the "purpose over profit" mantra by donating masks and hand sanitiser to national healthcare institutions. Additionally, Old Spice ran a campaign focused on the impact of COVID-19 on minority communities, and Bravo Sierra contributes 5 percent of their sales to community support programs for US military members and veterans.
With positive momentum growing among consumers, businesses and governments to tackle the climate emergency, going beyond sustainability to purpose is essential for rebuilding travel and tourism after the pandemic. It is vital to take a holistic view of the sector’s wide-ranging positive and negative impacts on local communities and the environment for sustainable transformation. With the volume tourism model no longer fit for purpose, destinations should look to become people-centric and climate-smart to elevate the visitor experience and find their unique competitive advantage.
The coronavirus pandemic accelerated digitalisation in the beauty and personal care market in many Sub-Saharan African countries. In South Africa in particular, many premium beauty brands created platforms for virtual assistants to guide consumers on their shopping journey. On some websites, consumers are able to try products out by uploading a picture and applying beauty products to it. Across all African countries, consumers are spending more on hygiene products, but there is also a growing interest in improving the natural texture of the skin. Women are cutting down on colour cosmetics and looking at specific products that suit their skin requirements.
There are three major trends that Euromonitor International observed in the regions of North Africa and the emerging Middle East during the coronavirus pandemic. The first trend is stockpiling, where consumers hoarded basic staple foods such as pasta and rice as well as essential products. Secondly, we saw consumers trading down to lower priced brands from more premium ones. Finally, consumers switched from going to traditional stores to e-commerce out of necessity. E-commerce has historically been weak in the region, but boomed as consumers were faced with lockdowns. In this podcast, Euromonitor explores specific industries in North Africa and the emerging Middle East that are adapting to life after COVID and gives an outlook for the next five years.
The coronavirus pandemic has brought both ghost kitchens and virtual restaurants into the forefront of the general public over the past year, but in the restaurant industry, these concepts have been growing over the last two years. Join Euromonitor International's Global Research Lead for Food and Beverage, Michael Schaefer, as he delves into the difference between ghost kitchens and virtual restaurants, explains how they align with third party delivery players, and looks forward to how the growth of these concepts will change what the industry looks like five years from now.
The Coronavirus pandemic has had a serious impact on the global luxury market. According to Euromonitor International’s latest research, the global luxury market has shrunk by 15 percent in current value terms in 2020. However, Asia Pacific has shown quick recovery, and is poised to have a strong rebound in 2021. To survive in this challenging environment, international luxury brands are increasingly focusing on engaging with affluent Asian consumers. In this podcast, Euromonitor discusses the drivers of the quick recovery of the Asian luxury market with examples of brands putting extra effort into expansion in this region.
Euromonitor International’s Senior Research Analyst Alex Esposito interviews Cindy Bryant, Chief Business Officer at Demetrix about the world of cannabinoids beyond THC and CBD. Cindy explains Demetrix’s unique approach to using fermentation to produce cannabinoids and how this differs from predominant production methods. Alex and Cindy also delve into the potential of new cannabinoids other than THC and CBD, ways they can help consumers and how we’re only just beginning to understand the promise of cannabinoids for use in health and wellness. To learn more about Demetrix, see www.demetrixbio.com and dive into their unique approach to producing cannabinoids on their blog at www.demetrixbio.com/insights.
While Euromonitor's latest travel research data showed arrivals falling by 54.5% in 2020 compared to 2019, the industry is becoming more creative and innovative in trying to keep tourism alive while staying in touch with consumers. In the latest episode of the Travel Leaders Podcast Series, Jo Ann Reddy, Regional Division Manager at Euromonitor interviews three dynamic leaders in travel and tourism, Steven Ler, President of the National Association of Travel Agents in Singapore, Maria Anthonette Velasco-Allones, the Chief Operating Officer of the Philippines Tourism Board and Mr. Nuno Guerreiro, Regional Director Partner Services at Booking.com. These three leaders shared some of the challenges they continue to face during the pandemic and what the future of travel may look like after the world recovers.
Euromonitor International’s Cities Consultant, Fransua Vytautas Razvadauskas interviews Matthew Barrie, the UK country manager at Bolt about current industry trends in the shared mobility market. Matthew speaks about the regulatory and legal challenges that mobility companies face, the competitive nature of the shared mobility market and how the company seeks to deliver greater sustainability. Finally, Mathew shares some insights about the future direction of shared mobility and urban planning.
While COVID-19 has caused double-digit declines for most apparel and footwear categories, sportswear has fared better than most. Globally, sportswear is estimated at US$ 292 Billion, and is set to grow at a compound annual growth rate of 6% to 2025, while overall apparel and footwear is expected to see a CAGR of only 4%. The pandemic has caused a 15% decline in sportswear globally, however, as consumers grew acclimated to the lockdown, sportswear and casual styles benefitted immensely from e-commerce growth as consumers sought out comfortable, multifunctional clothing to lounge around the house, exercise, run errands and work from home. Beyond sportswear and casualwear, nostalgia permeated the fashion scene largely because of the “cottagecore” trend on TikTok and Instagram which began as a result of consumers longing for an escape to simpler times.
Vitamins and dietary supplements saw a high value growth in 2015-2020 due to an increased demand from consumers looking for products related to both immunity and general health. COVID-19 left the industry in a reactive state, with many categories and ingredients limited as consumers focused on the coronavirus. E-commerce doubled in value sales over 2015-2020, mainly due to consumers not wanting to visit stores during the pandemic. This is going to change the landscape of consumer health distribution and store based retailers are experimenting with various strategies to retain customers.
In the latest edition of Travel Leaders Podcast, Caroline Bremner, Head of Travel Research speaks to Karen Simmonds, Founder of Travel Matters, a boutique travel company. Karen shares her inspiring story of how she started her business, now in its third decade, discussing the highs and lows. Karen discusses how authenticity and sustainability are part of their DNA, the importance of people and partnerships, and her hopes for COP26 to drive a green recovery. Finally, feel uplifted by Karen’s three reasons to be cheerful in 2021.
In South Africa, at the onset of the COVID-19 crisis, sales of beauty and personal care products that were deemed non-essential were banned both online and offline. Premium brands were one of the biggest losers, while personal hygiene products were resilient. As the pandemic continues, beauty and personal care products are still being bought in the country, but consumers are spending less on them. Although the beauty and personal care industry is on a recovery path in South Africa, it will take longer than just the holiday season to turn around.
Euromonitor International's Travel Industry Head Caroline Bremner speaks to Olivia Ruggles-Brise, Director at Greenview about their work in driving sustainable transformation for the world’s leading hospitality chains. Olivia discusses the importance of data and metrics to help deliver sustainability goals, where ESG reporting is increasingly called for by investors to aid transparency regarding corporate impacts. Finally, Olivia shares a helpful 4-point plan for how to start your sustainability journey, beginning with leading from the front.
In 2020, Australian consumer confidence remained low and incomes were devastated by the coronavirus pandemic. However, government stimulus packages helped Australian consumers - and some appliance segments grew as a result. Smaller appliances were boosted not only by lower unit prices, but also due to the fact that consumers spent more time at home. These trends also boosted the sales of food preparation appliances.
El COVID-19 continúa modificando los valores, prioridades y hábitos de compra de los consumidores globales y diversas tendencias se reflejan cada vez más en América Latina. Aproximadamente un tercio de los consumidores latinoamericanos hacen compras de alimentos y bebidas por medio de su smartphone habitualmente, de acuerdo con la encuesta al Consumidor Digital de Euromonitor, realizada entre marzo y abril de 2020.
Por otro lado, el e-commerce, incluyendo el de comida empacada, ha crecido a tasas de tres dígitos en países como Chile, Colombia y Argentina. Esta tendencia se ha visto reflejada tanto en páginas web y apps de retailers, como en el crecimiento del Direct to Consumer y de las aplicaciones de última milla como Rappi y Cornershop. Este ecosistema online no solo es una ventaja para el consumidor, sino que ha permitido a los retailers y a las empresas de consumo masivo apalancar sus negocios físicos que han sufrido por los cierres de tiendas en todos los países de Latinoamérica
Nicotine pouches are made of microcrystalline cellulose and most importantly, are tobacco free. They contain added nicotine, the active stimulant in the tobacco leaf, and look much like gum that the consumer puts under their lip. The nicotine is then released into the bloodstream. Since vaping has been targeted by governments across the world, many in the industry believe nicotine pouches will become the next big product, especially because they neither contain tobacco or are a vaping product, leaving them in a regulatory grey area.
2020 was a challenging year for the tobacco industry, with the onset of COVID-19, taxes on reduced-risk products, and the raising of the legal age of smoking from 18 to 21 in the US, signed in December of 2019. Increasing concerns on health and wellbeing associated with the coronavirus are likely to encourage governments to adopt new restrictions on tobacco use and expand smoke free areas to other public places. These restrictions are likely not just to impact combustible cigarettes, but reduced-risk products as well.
China will be the only major economy to grow in 2020, having suffered the economic effects of COVID-19 much earlier than many other countries. In fact, this recovery will benefit the global economy at large - for example, Germany's automotive industry is enjoying resurgent car sales in China. For the rest of the world, however, recovery is more complex. Euromonitor International tracks 48 countries as part of its Recovery Index, and all of these countries are expected to have recorded improved recovery index scores compared to the previous quarter when many countries were under strict lockdowns. A vaccine, effective containment measures and reliable national healthcare can all improve economic outlooks in a country.
Southeast Asia is the next region to watch in sustainability growth, and there is a growing awareness of sustainability among consumers in the region. Governments in the area are pushing sustainability with environmentally friendly regulations, and companies are producing more environmentally sustainable products. One of the main challenges for companies, however, is the price point of sustainable products. Although consumers in the region care about sustainability, a large majority won't pay extra for sustainable features in their products.
Even with the impact of COVID-19, the Brazilian IPO market is seeing a high number of fashion players enter the market. IPOs can bring a more assertive strengthening for Brazilian companies, especially during the pandemic period when many important exporters are not achieving the markets overseas. This wave of IPOs can possibly support a fiercer competitive landscape where companies can gain more well-defined market positionings resulting in more interesting offers to final consumers.
We're eight months into the global pandemic and shopping habits have become one of the most disrupted aspects of consumers' lives. We're seeing shorter trips to the store, but larger baskets, less browsing and avoidance of large crowds and busy stores. Contact-free shopping solutions at checkouts, virtual fitting rooms and drive-up fulfillments are also surging. Finally, we’ve seen renewed interest in subscription or membership shopping models that automate the entire shopping process and ensure continued or regular product availability.
COVID-19 has become a focusing agent for global immunity products, as consumers around the world look to support their overall health during the pandemic. Consumers in different areas are gravitating towards different ingredients. In Asia, consumers are buying products such as ginseng, reishi mushrooms and tulsi, where in the Americas consumers are buying products such as echinacea and elderberry. As we move into 2021, consumers will be looking to broaden their health goals with vitamins, diet and exercise as they seek more healthier lifestyles.
The Coronavirus has had a large impact on cities, with 90 percent of all cities analysed by Euromonitor recording negative real GDP growth in 2020. Depending on the severity and length of the pandemic, more businesses are likely to go bankrupt, people will have lower incomes and municipal governments will have their budgets cut - leading to more negative impact for cities around the world. With remote working becoming a new normal, many consumers question the cost-effectiveness of city life, however, cities will continue to play an important role in society once the pandemic is gone. There are aspects of city life that will be altered as a result of COVID-19, including the role of a central business district and the need for sustainability.
As of late October, Latin America has the largest number of active cases of the coronavirus in the world. The area is also seeing some of the worst economic impacts - according to Euromonitor’s estimates, updated in October 2020; Peru, Argentina and Mexico are seeing some of the biggest consequences in terms of yearly GDP variation in the region with projected declines of 13%, 12.5% and 10.5% for this year. Consumers have reorganized their priorities during this year and are being forced to readapt their lifestyles and consumption habits to the pandemic. Increasing hygiene and preventative health awareness combined with reduced social occasions and a new value put on time are setting the ground for a new normality that is accelerating certain key trends in Latin America.
As the holiday season fast approaches, consumers will change the things they buy and the places they buy them from to adapt to the global pandemic. Consumers were shifting towards gifting experiences such as travel and live events, but since the coronavirus has put an indefinite hold on those things, consumers will opt to spend on material goods once again. COVID-19 care items such as hand sanitizers and face masks will make popular stocking stuffers. As far as some online retailers are concerned, the holiday shopping season has already started. Amazon Prime day was earlier in October, and other retailers such as Walmart and Best Buy began their holiday sales early to compete.
Coronavirus second waves, vaccine production and the upcoming US elections are all weighing in on global economic outlooks. Currently, China is the only major economy expected to have positive growth in 2020, but that recovery experience isn't expected to be replicated in other major economies. A safe vaccine is likely to be produced in the middle of 20201, but vaccinating most of the population in effected countries will take at least two to four quarters, and its expected that even in this scenario, global real GDP will contract by almost 5 percent in 2020.
In this episode of Euromonitor's Travel Leaders podcast, Caroline Bremner speaks to Jake Haupert, Co-Founder of the Transformational Travel Council about his journey in establishing the organisation as an antidote to over-commoditisation in the industry. Jake discusses how transformative or regenerative tourism goes beyond sustainability to put consumers at the heart of the experience and encourages them to take a more active role. Finally, Jake shares his hopes that the pandemic will bring about transformative change in the traveller mindset to be more mindful about nature, culture and biodiversity for greater destination stewardship.
There is a growing divide what consumers are expecting from the travel industry post-pandemic and what the industry may actually be providing. Consumers are looking towards sustainable tourism and authentic experiences, but businesses are rolling back on their investment in sustainable products and services, widening the gap between expectation and reality. How can this gap be bridged?
COVID-19 has accelerated several trends in emerging markets, including digital payments and last-mile delivery services. Consumers in emerging markets were previously slow to adapt digital payments due to the prevalent use of cash as a primary source of payment. Most small vendors and independent stores don't take digital payments, citing high usage fees and a lack of trust. However, the pandemic is changing this mindset, and creating new opportunities for digital players. If digital services can remain safe, have a low cost, are contactless and user-friendly, consumers in emerging markets will be more likely to adopt them. Last-mile delivery services have been struggling to adapt to the fast urbanisation and challenging infrastructure of emerging cities, but as consumers demand delivery at home, companies are quick to innovate. Many delivery services are moving supply chains inside of urban areas, and utilizing dark stores as fulfillment centers.
Despite being negatively impacted by COVID-19, the fashion market in Hong Kong has shown resilience in the sportswear sector. Performance and outdoor sportswear performed especially well in spite of the pandemic, due to consumers in Hong Kong participating in more outdoor activities such as hiking and camping. Sustainable fashion has also been gaining traction in Hong Kong as consumers are reevaluating their shopping habits, turning to authenticated luxury consignment stores online.
“Proudly Local, Going Global” is a global consumer trend first identified by Euromonitor as part of its Top 10 Global Consumer Trends for 2020. Since the onset of the Coronavirus, many of these consumer trends have shifted, but the Proudly Local, Going Global trend has been made stronger by COVID-19, especially in Australia. Disruptions in the supply chain and panic buying have highlighted the importance of localised supply chains, and thereby consumers to buy local and be more self-sufficient and sustainable. Australian industries such as beauty and personal care have adapted to this trend, using native ingredients and being transparent about where they are sourced. The Proudly Local, Going Global trend is likely to continue in the long term as this shift in consumers’ approach and attitude towards consumption is here to stay. Businesses will need to get adapt in order to survive and thrive in a post-pandemic world.
In this episode of the Travel Leaders podcast series, Caroline Bremner, Head of Travel Research at Euromonitor, talks to Vicky Smith, Founder of Earth-changers.com about her motivations for launching a sustainability start-up. Vicky shares her experience about building a travel business with purpose to drive positive impacts for communities and the environment. She also discusses best practices regarding transitioning to a sustainable business model, where profit is balanced with people and place, and ultimately provides the most enjoyable travel experience.
Digital shopping trends are accelerating during the COVID-19 pandemic, including contactless payment, virtual brand engagement, curbside delivery, and checkout free experiences. All of these trends may have been prevalent before COVID-19, but the pandemic has forced retailers to move quickly into a new digital era. Experiences and trends that add an element of convenience to retailing are the ones that will likely stay post-pandemic.
Scandinavian style combines minimalism, elegance and edginess as the aesthetic. Not only are Scandinavian products stylish, but they also focus on ethical fashion, including the responsible use of resources and an emphasis on social issues. A significant amount of new, small players enter the market in Scandinavia each year, bringing innovation and new trends with them. For instance, watch company Daniel Wellington was founded in 2011 and managed to achieve the market share of Rolex in Sweden in just 5 years. Kanken backpacks is another example, which in the last three years have a market share just below Michael Kors in Sweden. Both brands represent high quality Scandinavian products, which have iconic yet minimalistic designs and were able to significantly increase brand awareness in a short time. These small brands have room for innovation and experiments, which is a key strategy for attracting consumers that desire something special and unique.
Although the coronavirus pandemic has fundamentally changed the way consumers live, work, shop and play, that doesn’t mean companies should stop focusing on innovation. Rather, FMCG industries should identify what they do well, examine their core brands and work to adapt them into new packaging demands, new formats and new growth channels. Consumers have adapted a new core set of values, including digitalisation, a focus on health, a people-first outlook and a rapid change of needs and habits. Businesses need to be aware of this new core as they continue to navigate the future.
Hometainment means taking a service or product that is traditionally consumed outside the house and recreating it inside the house. As consumers spend more time inside their homes as a result of COVID-19, hometainment is becoming an increasing trend. Whether its watching a virtual concert inside a video game or purchasing a device that replicates the experience of going to a department store makeup counter, consumers will be introduced to new experiences in the home. While these trends are certainly being accelerated by COVID-19, hometainment actually predates the pandemic, and is evident in services such as Netflix.
With consumers in Southeast Asia in lockdown and working from home, it’s not surprising that there has been a clear shift away from more formal styles in fashion towards clothing and accessories that prioritise comfort. Athleisure, which was a strong trend pre-COVID, is only going to accelerate both during and after the pandemic. Countries where outdoor activities were allowed during lockdowns saw a surge in sales of activewear, such as Singapore and Indonesia. Jogging bottoms, sweatpants and shorts that can be used both as sportswear and loungewear boosted the category. Going forward, its expected that partnerships, digitalization and service as a product will be key trends in the Southeast Asian fashion industry.
The coronavirus pandemic has raised awareness of wellbeing and self-care in Latin America, accelerating the already existing trend of preventative health. Since the outbreak, consumers have quickly turned to immune system and general health positioned products; and many regions in Latin America reported spikes in sales of vitamin C, multivitamins, paracetamol and aspirin. The increased messaging of hygiene and sanitation also led consumers to purchase liquid and bar soaps as well as hand sanitizers. As a result, companies like Natura, which primarily focuses on beauty and personal care products, shifted to produce hand sanitizers and soaps to both compensate for loss of sales in other categories and to cater to consumers’ needs.
COVID-19 has brought a new consciousness that goes far beyond compensating for a company's negative impact on people and the planet. Consumers are reassessing what they value the most, turning their backs on excess buying and demanding more from the companies they purchase from and work for. Businesses need to embed sustainability into their values, focus on diversity and inclusion and embrace digital transformation as the world moves through and beyond the pandemic. In the context of significantly reduced purchasing power, continued resource scarcity and health and economic uncertainty, companies must distill the core purpose of their existence and demonstrate why consumers and shareholders should care that they exist at all.
There have been several trends in Turkey that emerged in the midst of the COVID-19 pandemic. First is the trend of consumers turning to discounters in retailing. Discounters are very prevalent in Turkey, and since the coronavirus outbreak, have increased their product ranges in dairy, snacks, carbonated drinks, home care and personal care. Another trend witnessed in the country is the performance in domestic travel, which is doing well despite the pandemic due to numerous promotions provided by local hotels and rental car companies. It has been a difficult year in Turkey, and digital innovation is becoming increasingly important for expanding the country's supply management and reach.
In the Middle East, beauty and personal care brands that are focusing on resilient categories are the brands that are performing well. For example, Unilever Arabia heavily campaigned its Lifebouy soap brand in the past few months using the message of hygiene and hand washing during the pandemic. It also launched a series of hand sanitizers, which are in peak demand at the moment. In the long term, consumers in the Middle East will spend on their themselves after being in lockdown. Categories such as skin care will reach pre-COVID levels in 2021. Brands should keep their portfolio diversified with products focusing on health and hygiene that are available through various channels - especially online platforms.
Since the global financial crisis of the late 2000s, the middle class of many emerging and developing markets - particularly in Asia - have enjoyed rising incomes. However, the coronavirus pandemic is hitting these economies hard, indefinitely halting the expansion of the middle class there. China, for example, will see spending in the middle class rise by a negligible 0.2% year on year in real terms in 2020. Food spend will rise 16.6% this year in the country as COVID-19 sends food prices soaring and consumers eat more at home. For many middle class Chinese consumers, the pandemic has changed spending values and habits, such as a huge uptick in purchasing second-hand goods.
The fashion industry has always been characterised by several intermediaries between manufacturers and consumers. With a direct-to-consumer model, consumers pay a lower price by circumventing these intermediaries and paying for goods that are unbranded. Many manufacturers are using e-commerce to sell these goods, occupying a small area of the internet without much marketing. If branded goods companies are going to compete with this model, they have to come closer in their prices, quality and transparency.
COVID-19 is forcing more consumers to use e-commerce to do their grocery shopping, and the expectation is that this trend will continue well beyond the pandemic. Due to the recession, consumers will most likely cut costs in the restaurant space, and any shift away from consumer foodservice will naturally benefit grocery retailers as consumers eat more in their homes. Grocery stores will prioritize operational efficiency going forward, with increased pressure to find the best locations for distribution.
In this episode of Euromonitor International's Travel Leaders Podcast, Caroline Bremner, Industry Manager for Travel at Euromonitor talks to Fabrizio Orlando, Senior Manager Industry Relations – Global at TripAdvisor about the impact of COVID-19 on consumer behaviour and travel patterns. Hear how the recovery in travel is shaping up, what types of destinations and activities are increasing in popularity in the wake of Coronvirus along with the new normal protocols being implemented to help improve safety and security. Finally, Fabrizio shares his hopes for a future travel industry that integrates sustainable practices, creativity, collaboration and acts with purpose and empathy.
The term “new normal” has been used to describe how economies, businesses and consumers will have to deal with the coronavirus pandemic going forward, but what does that mean? Economies are facing the worst recession since the great depression of the 1930s. For businesses, every sector, from hospitality to education to finance are facing huge challenges navigating through disrupted supply chains and rapidly changing consumer needs and habits. Consumers are struggling to adjust to constantly changing restrictions, new daily regimes, massive unemployment and a general anxiety about the future. Yet, the massive change is also making consumers re-evaluate their life priorities – they are focusing more on family, community, health and digital solutions. These priorities are expected to last well after the COVID-19 pandemic is over.
With coronavirus and subsequent lockdowns stopping end-to-end operations in India, fashion players are facing tough times. Many companies are projected to scale down operations, since this is the only way many of them will survive. A reduced demand for fashion due to home seclusion and social distancing norms has further impacted fashion companies in the country. However, consumers are now aware that living with COVID-19 is inevitable, and are seeking ways to limit exposure. This is creating new opportunities for fashion brands through innovation in fabrics - offering masks, daily wear that is virus resistant, face shields and personal protective equipment. With global and domestic players already exploring this opportunity, the upcoming months will experience innovation that can help the recovery of fashion brands in India.
There has been an influx of new indie beauty and personal care brands in recent years, and at the same time consumer values are shifting towards meaningful consumption. These two trends have converged, with new players aiming to cater towards consumers who are seeking natural, ethical and vegan products. The demand for vegan products is being led by younger millennial and generation Z consumers, and as a result, some bigger brands are removing animal derived ingredients from their products to make them vegan. Tracking product claims has never been easier thanks to Euromonitor International’s Product Claims and Positioning tool. This easy to use system allows you to sort by specific claims including ‘no artificial ingredients’, ‘free from’ and ‘plant-based’.
There is a belief that in times of stress, people turn to cigarettes. Although consumers have had more alone time at home, there is no evidence in a significant consumption change. Instead, consumers are tightening their wallets; and tobacco users are turning toward economy cigarettes, cheaper forms of tobacco and in some cases illicit products. As consumers turn to goods and services that help with stress management, cannabis may become the choice of partner into the new normal.
Japan's population is ageing and is in decline. By 2030, nearly one-third of the population will be aged over 65, and the labor shortage in the country is causing price increases in consumer goods and services. With fear of an unstable future, consumers in Japan are becoming selective and cautious in their spending. To move forward in this challenging environment, companies are keen to create new demand and expand their consumer base - especially in the areas of men's beauty and fashion.
The wellness movement was on the cusp of a tipping point before the coronavirus pandemic hit, and as a result of the virus is set to surge. Wellness resonates with consumers at the moment, whether its medical health, mental health or consumption of healthy food and drinks. Moving forward, businesses should be aware that consumers will seek real and relevant solutions instead of overpriced gimmicks. This calls for an adoption of a no-frills approach that instills authenticity and efficacy backed up by expertise.
China accounted for almost 40 percent of manufacturing in 2019, and with coronavirus locking the country down, global supply chains and manufacturing have been impacted significantly. As the virus spreads, many manufacturers and suppliers continue to operate below normal capacity. In the long term, Euromonitor International expects a greater share of production moving from China to other Asian countries and to Europe and North America. However, in order to successfully reshore production, companies must be capable of tracking their entire supply chains.
Mobile wallets and proximity payments are gaining significant ground in Eastern Europe. The are popular in such countries as Poland, Russia, Ukraine and Czech Republic, with millions of consumers routinely utilizing them. While Apple Pay leads the region, local players such as Poland's BLIK are also emerging. BLIK allows payments as well as peer-to-peer transfers and ATM withdrawals. However, it is struggling to dent the share of larger players. In the wake of the Coronavirus pandemic, proximity payments will continue to rise, as they provide a contactless solution to payment. Euromonitor International estimates that in 2020, mobile proximity payments in Eastern Europe are going to show a very strong dynamic, exceeding a 30 percent growth rate.
In this episode of Euromonitor International’s Travel Leaders Podcast, we talk to Casey Hanisko, President of the Adventure Travel Trade Association about how the association is helping destinations and adventure tour operators navigate and rebuild after COVID-19. We discuss what the new normal will be in terms of consumer expectations and operational protocols. Finally, Casey shares her thoughts and hopes for a brighter future where travel experiences become more customer-centric with reduced impact on local communities and the environment thanks to advances in technology.
The coronavirus pandemic is hitting at a time when Millennials and Generation Z are reaching critical milestones in their lives. For Millennials, this is the second economic recession they've experienced after the global financial crisis in 2008. For Generation Z, COVID-19 will be the defining crisis of their generation as they finish their education and enter the workforce. Euromonitor International expects a rise in youth unemployment; but as the labour market tightens, we may see a rise in entrepreneurship and start-ups along with gig work and job-hopping.
Since the 2008 financial crisis, the middle-class in many developed markets has struggled to return to pre-crisis economic levels. Many middle-class consumers are simply unprepared for the economic crisis that the coronavirus will bring. In fact, the overall savings ratio in developed markets is relatively low, at just around 11% of household disposable income, compared to nearly 30% in emerging and developing Asia. Lower incomes and economic uncertainty will turn middle-class consumers away from the accumulation of material things. They will also be more cautious and selective in their purchasing decisions, and practice thriftier and even more self-sufficient lifestyles.
Overstocking, illicit trade and social unrest have been major challenges the apparel industry in Latin America over the past few years. These scenarios have changed the way consumers in the region shop, with e-commerce doubling its representation of retailing sales in general. In Latin America, online sales of apparel as a percent of total e-commerce sales went from 3% in 2010 to 10% in 2019. E-commerce is expected to be the primary way of apparel shopping during the current coronavirus pandemic, although apparel sales will most likely drop due to the discretionary nature of the industry.
Before the coronavirus pandemic, e-sports was a growing industry in terms of both popularity and value, with the prize pools for e-sports events broke the 34 million dollar mark in 2019. As consumers are starved for live events during COVID-19, e-sports can fill the entertainment gap as they can be played and watched from home. Even traditional sports leagues such as the NBA and Bundesliga are using video games as a way to interact with fans and keep interest in the leagues by having tournaments in which the league players play the video game versions of their sport. As e-sports grows in popularity during COVID-19, higher brand exposure will lead to more sales, and the audiences will expand.
There are several key themes in the retailing industry likely to accelerate during the coronavirus pandemic. The first of which is onmichannel shopping. Onmichannel is preferable during the pandemic as consumers can simply shop online and pick up their order, negating the need to enter a store at all. However, e-commerce is seen as an upper income activity in some parts of the world, highlighting the need to bring access to more consumers as this trend continues. Another accelerating trend during the pandemic is e-commerce beyond the online store. As retailers scramble to find new touch points to replace face to face interaction, things like s-commerce, live-stream shopping and partnering with delivery platforms will come to the forefront.
In this special podcast, Algison Valle, Country Manager for Singapore and Senior Sales Director for Asia Pacific sits down with four leaders in the APAC retailing space: Rangsirach Pornsutee, the Head of Investor Relations of Central Retail Corporation PLC; Mandy Mak, the Regional Marketing Director for Subway Asia Pacific, Atty Paul Santos, the Chairman of the Philippine Retailers Association and James Chang, the CEO of Lazada Singapore. As Asia Pacific continues to accelerate as an innovation hub for retailing, the coronavirus pandemic has changed the landscape of the industry both now and in the foreseeable future. These four leaders describe the opportunities and challenges poised by COVID-19. To learn more about retailing in Asia Pacific, download our whitepaper today.
Foodservice is one of the industries that's in the spotlight during the Coronavirus pandemic, with global operators either ceasing business altogether or switching to a delivery / takeaway model. This is no easy feat, as delivery is tough to adapt to even in times of economic stability. For independent, full service restaurants, things will get extremely bad, with possible closings around 40 percent in some of the hardest hit markets. Looking toward the future, we can expect eat-in traffic for most markets significantly declining. Operators who can offer multiple options including takeaway, delivery and those that have retail presence will be better positioned to survive in the near future.
Although alcoholic drinks sales recorded a slight, short term uptick due to stockpiling before worldwide lockdowns, the industry will lose a massive number of sales due to the closing of bars and restaurants along with the cancellation of a number of sports leagues, concerts and festivals. As the global economy continues to spiral, premiumisation and craft in alcoholic drinks will suffer as consumers trade either down or across in their purchases. However, it's important to remember that alcoholic drinks is a resilient industry which has survived world wars, economic downturns and prohibition. The future may look different for the industry but by no means is this the end for alcoholic drinks.
Assessing raw materials, improving manufacturing processes, and popularizing new post-purchase behaviors are just a few of the many ways that beauty and fashion brands have sought to respond to increasing consumer demand for more ethical and sustainable practices in recent years. Although the Coronavirus has understandably taken much of their attention for the time being, the sustainability movement in beauty and fashion is far from over, and just might take entirely new forms in COVID-19's wake.
While some luxury goods categories and retail channels may be less negatively affected than others, the COVID-19 pandemic is an unprecedented shock to the entire luxury goods industry. Many consumers cannot justify buying personal luxury goods such as leather goods, fashion, watches and jewellery - as many see no opportunity to use them in the foreseeable future. The impact of travel restrictions are also largely impacting the luxury space, as the Chinese are the biggest single international spenders in the world and make up over a quarter of all tourist spending on personal luxury goods. However, there are certain luxury players that are making waves in the philanthropic space, whether its donating money or shifting manufacturing lines to produce essential medical equipment or protective and hygiene products. Overall, the luxury goods market is expected to take a massive hit, given the fact that luxury is an industry that relies heavily on tourism and wealthy international shoppers. As long as tourism flows are down we will likely see a long term lull in global sales.
In this episode of Euromonitor International’s Travel Leaders Podcast, Caroline Bremner talks to Jeremy Sampson, CEO of the Travel Foundation about its work with destinations around the world to ensure that sustainability is not overshadowed in the wake of the Coronavirus crisis. Jeremy and Caroline discuss the key building blocks required for sustainable tourism development and the importance of capacity building for local communities. They also discuss the need for data measurement and monitoring impacts, along with his vision for a sustainable future as the travel industry gears up for building back better after COVID-19.
Cities are hotspots for COVID-19 outbreaks due to their high population density. In fact, between 2005-2019, population densities across the world’s cities surged 23 percent. These dense cities also tend to have large public transit networks and mobility sharing, all which make cities ideal breeding grounds for viruses like COVID-19. In the future, cities may need to respond by enforcing screening procedures, pedestrianizing streets and overhauling urban design in order to combat pandemics.
In this episode, we look at the impact of COVID-19 on the sustainability efforts of companies around the world. Over the last several years, companies have made bold sustainability commitments, but the COVID-19 pandemic changed priorities to public health. Sustainable packaging commitments have been particularly affected, with companies pausing the use of reusable containers and some governments lifting bans of single use plastic. The economics of sustainability will remain challenging during this pandemic, but the disruption won’t last forever. COVID-19 is demonstrating the impact purpose-driven businesses can have on society and could likely be a tipping point that accelerates sustainable development.
In this weekly podcast, Euromonitor International discusses theimpact of the coronavirus on industries, economies and consumers. In this episode, we look at the impact of COVID-19 on the packaged food and soft drinks industries. Like many consumer goods, there has been a huge surge in demand for both shelf-stable soft drinks and packaged food as the crisis continues. Manufacturers are stretching their supply chains as much as possible as they attempt to keep up with consumer demand. Soft drinks in particular has benefited from the direct store delivery model that some bottlers employ, allowing them to get to the store on their own trucks without having to use external logistics. One of the biggest shifts as a result of the COVID-19 outbreak is more consumers are trying out online grocery purchasing, and we may see many consumers stick with this method in the future. Whether that's going to a store to pick groceries up or having them delivered, there has been a huge uptick in the amount of online grocery purchases. Looking towards the future, it is still unknown how severe the crisis will be on foodservice chains. The soft drinks industry in particular is losing massive amounts of revenue as consumers eat more meals inside.
In this weekly podcast, Euromonitor International discusses the impact of the coronavirus on industries, economies and consumers.
In this episode, we look at the impact of COVID-19 on the tissue and disposable hygiene industry. In the short term, consumers have started to stockpile items like toilet paper and disposable wipes; which is not necessarily a good thing for established brands as consumers look towards cheaper private labels to stock up on. Direct-to-consumer brands are seeing a huge spike in demand as consumers face empty store shelves. Bidet sales have spiked in the US, as consumers look for alternatives in the current environment.
Bidet sales are just one disruptor to the industry that the outbreak is pushing. Consumers are also traveling less, meaning fewer hotel stays, fewer conventions and fewer people in airports - all meaning demand for tissue and hygiene products in those spaces is very low. These areas are likely to feel a negative impact for longer as business activities and travel will take longer to normalize compared to a more temporary impact in retail.
The Australian apparel and footwear industry has been incredibly volatile and lively over the last decade with many companies considered to be staples of the world fashion industry closing their operations within Australia and operating solely online. This is due to high operating costs which includes soaring rents and high wages. Several high-profile companies have recently discontinued their operations, namely international players such as Gap, Espree and Forever 21 and local players Bardot and Stylerunner went into voluntary administration in 2019. However, key trends have seemed to be common among businesses that are thriving in this difficult Australian market.
In this weekly podcast, Euromonitor International discusses the impact of the coronavirus on industries, economies and consumers. In this episode, we look at the impact on the airlines industry and the long-term effects this crisis will have on the aviation as a whole. A sharp decline in demand has triggered huge financial difficulties and liquidity problems for all carriers, forcing many operators to suspend thousands of flights and services. Fleets are grounded while capacity, frequency and costs are cut. The industry will need life support in the form of government bailouts, emergency financial help and loan guarantees - as well as waivers from stringent local regulatory requirements in order to avert a complete collapse.
In this episode of Euromonitor International’s Travel Leaders Podcast, Caroline Bremner, Head of Travel Research speaks to Mario Hardy, CEO of Pacific Asia Travel Association about the challenges that the travel industry is facing in reaction to the coronavirus (COVID-19).
We discuss how Asian destinations are responding, the importance of diversifying source markets and promoting domestic tourism to help mitigate the impact of falling Chinese demand and the need for trusted information and potential recovery times.
In the wake of the Greta movement, we debate whether we have reached a tipping point in terms of consumer awareness about climate change, while destinations are waking up to the need to pursue sustainable tourism development, based on actionable and measurable results.
We also talk about how technology can be used to enhance experiences in such a high touch industry and how artificial intelligence like digital assistants can help to automate business travel based on personal preferences.
Finally, Mario also shares his insights into what the future of travel may look like with the emergence of AI and the future of air transport from supersonic flights to electric aircraft.
South Korea's apparel and footwear market is a mature and stagnating, showing less than 2% growth in 2019. In this matured market, there are two trends that could soon spark growth. The first is "newtro", which is a combination of the words "new" and "retro". This is a huge pop culture trend in South Korea and can been seen across many consumer goods markets, recalling trends of the 70s, 80s and 90s. In apparel in footwear specfically, younger consumers are revisiting brands and styles they were too young to experience when they were first popular. The second trend is inclusive for all, meaning that fashion and beauty trends are becoming more inclusive to sizes, ages and genders. Again, this trend started with the younger population in South Korea, who are starting to pay less attention to makeup and personal grooming and more attention to comfort than their predecessors.
In recent years, the beauty industry has become more inclusive, with a special focus on incorporating men’s grooming needs. Listen to our latest consumer insights podcast to learn more about the state of men’s grooming markets, where to find the best opportunities and why this is such a lucrative segment within the beauty industry.
The landscape of the health and nutrition industry is vastly changing, especially within health-related technology. Join Euromonitor International's Local Product Lead, Danielle Brouwer, and Research Consultant, Amrutha Shridhar, as they discuss some of the disruptive trends they are currently seeing in the health and nutrition industry, from changing perspectives on what health is to new ways of monitoring healthy behaviour.
Experts agree that menswear is currently undergoing a shift. In fact, menswear is expanding at a faster rate than womenswear in some key markets. Social media trends such as streetwear and sportswear are changing how both luxury and fast-fashion brands approach menswear, as social media lifts taboos, changes mentalities and allows for men to explore individuality outside of the constructs of traditional masculinity. Understanding the motivations of menswear consumers is key to capitalising on this emerging opportunity.
Social media is ever pervasive and has changed the way consumers are buying products and making shopping decisions. Join our Local Product Marketing Lead, Danielle Brouwer and Research Consultant, Amrutha Shridhar, as they discuss authenticity on social media and which type of consumer is most likely to be influenced by social media marketing.
What is the plant-based movement and is it here to stay? Is the global population really eating less meat? Join Food and Nutrition Consultant, Trishna Shah and Research Consultant, Amrutha Shridhar as they answer these questions as well as discuss the driving forces within the plant-based movement and which types of consumers these products are most likely to appeal to.
Japan is a unique country where functionality and added value is a strong selling point, especially in the beauty and food industries. But quite opposite from the rest of the world, natural and organic trends are largely underdeveloped in the country. This is largely because many Japanese consumers pride themselves on purchasing products that are made in Japan, and therefore don’t question the quality or safety of those products. There has been a recent push on manufacturers by the government to begin promoting natural products, but it will take time to convince Japanese consumers that the higher price point of these products is worth it.
Global macroeconomic conditions have a huge correlation and impact on income and wealth gains of ultra-high net worth, high net worth, and affluent individuals. Businesses seeking to win the high net worth market will need to understand how global economic growth and different economic scenarios will impact this consumer segment and their wealth. This podcast explores the global wealth outlook and the impact a global downturn would have on this outlook.
Private label brands have been overlooked in the beauty and personal care space in the past. They were often perceived a cheap copy-cats, but are now growing in popularity and even challenging well-established players, not only in traditional grocery retailers but also in drugstores, beauty specialists and online platforms. Join Senior Analyst, Gabriella Beckwith and Research Consultant, Amrutha Shridhar as they talk about opportunities and trends within private label beauty products, with specific focus on premiumisation, convenience and ethical living.
With the advent of smart homes, it’s not a stretch that smart technology would be applied to disposable hygiene. Currently, smart disposable hygiene products are available for both adults and babies. For adults, these products are marketed towards healthcare providers and professional caretakers and meant to help detect early health issues. For babies and parents, smart disposable hygiene products can detect when a baby needs a change and can help monitor sleep patterns. This technology comes at a price that may turn away all but upper class parents, however.
In this Euromonitor podcast we analyse the recent sponsorship that sees Premier League giant Manchester City partner with Nestlé Professional. This partnership focuses on incorporating vegan and vegetarian options into the matchday experience for fans. Euromonitor discusses whether this deal might be a harbinger of a new area in food and beverage sponsorship in the UK and other key sports markets.
Esports is a growing multibillion dollar industry, offering multiple revenue generating platforms. Among the factors contributing to the success of Esports are technology advancement and the popularity of online and mobile gaming from earlier ages, changing consumer values and attitudes, and the rise of streaming services. As Esports segment continues on its upward trajectory, it offers more opportunities for partnerships, product development, and marketing to players across FCMG and services, including luxury brands.
As the Premier League continues to focus on growth, there’s an increased interest in creating brand campaigns based on authenticity to engage with fans on a deeper level. Recent partnerships between Premier League football clubs and grime artists have been particularly successful in this space. Join Euromonitor's Head of Sports, Alan Rownan, and Research Consultant Amrutha Shridhar as they discuss what makes this relationship between grime and the Premier League unique and how you can successfully leverage celebrity endorsements within sales and marketing campaigns.
Despite growing in value terms, the South African apparel and footwear market is decreasing in volume terms. Retailers have employed different business strategies to fuel growth in this struggling economy, including brands moving into bigger department stores and increased promotional activity. A rise in GDP and a slightly optimistic economic outlook could project growth for the apparel and footwear industry in South Africa.
Megalopolises are sets of adjacent cities that form a continued urbanized regions. Unlike megacities, megalopolises are defined by their economic size. Euromonitor identifies 20 megalopolises worldwide. Fransua Vytautas Razvadauskas, Senior City Analyst at Euromonitor, discusses where these megalopolises exist, how the economy benefits from their existence, and the outlook for the creation of new megalopolises.
Internet retailing has vastly changed the landscape of how consumers shop over the last couple of years, yet many companies still struggle to understand how internet and digital channels fit into their overall sales and marketing strategies. Join Senior Analyst Miles Agbanrin, and Research Consultant Amrutha Shridhar as they discuss how to leverage online retailing and in-store retailing platforms to their full potential.
The world of beauty is fast-paced and often difficult to keep track of – with ever-changing trends and terminology. Therefore, it’s no surprise that with the emergence of Clean Beauty products, we find companies and consumer alike asking “What is Clean Beauty and how is it different from Green Beauty?”. Join Hannah Symons and Amrutha Shridhar as they navigate the world of Clean Beauty, what this means and its potential future opportunities.
Keli Tang, Beauty and Fashion Anaylst from Euromonitor's Shanghai office, recently gave a presentation on the footwear market in China and shares her insights in this month's Fashion Friday podcast. In 2018, Asia Pacific represents the largest footwear market in the world, with retail value of over USD100 billion. Meanwhile, its relatively low spending per capita compared with other regions such as North America, means it still has much potential.
Bollywood celebrity brands, such as Being Human by Salman Khan, HRX by Hrithik Roshan and many other are continuing to gain popularity in the fashion market in India, Euromonitor International's Lifestyle Survey states that in 2019, 28 percent of respondents from India claim to have been influenced by celebrities while making a purchase decision. Consumers in India want to feel inspired, want products that tell a story, and want to buy brands that resonate with their values. Bollywood brands do all this and more for consumers, and Euromonitor expects the popularity trend of these brands to continue in the near future.
The attributes that consumers consider "healthy" vary quite a bit in the US, Mexico and Canada. For example, in the juice category, Canadians are concerned most with the actual juice content of these drinks and are drinking 100 percent juice products 6 times more than products that are between 25 and 99 percent juice. Americans are mainly drinking juice products that are less than 24 percent juice content, and in Mexico it's very similar. This podcast explores the difference and similarities between consumers in these three countries and their purchasing habits in the non-alcoholic health and wellness drinks category.
Premiumisation as a trend is being noticed in the laundry and fabric care category in India, especially in liquid detergents which are almost double the price of a regular powder detergent Manufacturers are offering products which are of superior quality in terms of the benefits they provide and the price at which they are sold. Often these premium products promise to deliver a certain experience or benefit either during the purchase journey or in the way the product is used. This podcast explores the strategy adopted by leading home care manufactures and the evolution of consumer behavior in adopting these new product types.
Erika Sirimanne, Head of Home and Garden at Euromonitor International, recently discussed cookware and bakeware trends with Penny Rosema at the US Cookwares Manufacturers Association (www.cookware.org). During this podcast Erika discusses how bakeware (i.e. ovenware) grew faster than stove top cookware in 2018 in the US, as well as how consumption patterns for cookware and bakeware differ from region to region. Erika showcases some examples of how the smart home, sustainability and urbanisation are influencing cookware product innovation, as well as how consumers cook in the US and globally.
ComplexCon is a two-day, hybrid pop culture, fashion, art and music fest put on by media platform Complex. The main feature of the show is the marketplace, where brands host pop-up shops that sell exclusive merchandise. This convention offers a unique look into the world of "hypebeasts" where exclusivity and resale values drive consumer demand.
Globally, there has been an increasing number of collaborations between beauty brands and famous personalities including ColourPop x Shayla, Inglot x Jennifer Lopez and Neutrogena x Kerry Washington. Over the last year, this trend has become popular in India with beauty brands collaborating with fashion designers and Bollywood celebrities.
In October 2018, L’Oreal Paris tied up with fashion designer Sabyasachi Mukherjee to launch L’Oreal Paris x Sabyasachi, a 21 piece limited-edition line of colour cosmetics. The curation was done keeping was done keeping in mind the eyes and the mouth, classic focus areas for colour cosmetics.
In December 2018, MyGlamm collaborated with celebrity designer Manish Malhotra to launch an exclusive cosmetic collection - Manish Malhotra Haute Couture Makeup. The collection features a 9-in-1 and 4-in-1 eye shadow palates, 12 lipstick shades and 18 nail polishes, and more.
In March 2019, MAC collaborated with Bollywood celebrity Disha Patani to launch MAC Shades of Disha Patani, a limited edition collection of lipsticks. Going forward, the trend is anticipated to strengthen with more brands roping in famous personalities to launch limited edition colour cosmetic lines.
Men’s grooming is finally taking off both in South Africa and the region as a whole. It is one of the strongest growing categories in beauty and personal care, posting a nine percent value growth in 2018. The South African market is still highly dominated by the most traditional categories, such as deodorants, shaving products and fragrances, but other non-traditional categories are poised to rise in the men's grooming market.
There is a sustainability agenda in disposable hygiene, and fulfilling that agenda will continue to put pressure on research and development departments, supply chains, and consumer education. Biodegradable claims, for example, have been appearing in an increasing number of disposable hygiene products, however many of these claims might not align with consumers' understanding of what biodegradability means. For instance, some products that are biodegradable actually need to be processed at a special facility. This distance between product claims and consumer's understanding of those claims highlights the need for more consumer education to meet the sustainability agenda.
Fertility and birth rates are declining globally, undermining baby and infant market growth potential. With around 140 million babies being born each year, the market for child-related products and services remains huge. The trends towards fewer children and smaller households are also shifting family needs, creating new demand and many opportunities for businesses. Backed by rising income, parents nowadays are willing to spend more on the fewer children that they have while seeking products and services that help them to simplify their daily lives.
Athleisure, which blurs the bounds between casual and sportswear, has been a well-known trend in the fashion world for some time. South Korea is one of the countries leading this trend, boosted by the sales of leggings. Leggings in South Korea posted a retail value of US$ 0.6 billion in 2018, ranking third below the USA and Japan. Global brands such as Nike, New Balance and Under Armour are well known in the country, but local brands such as Mulawear and Andar are actively promoting through ambassadors and supporting yoga instructors.
Air treatment products with air purifying technology have been growing in demand in recent years. The global air purifiers market registered 6 percent year on year growth, reaching 20 million units in 2018. High levels of indoor air pollution across major cities have been an important factor driving this demand. However, consumer concerns of other health risk factors that are not necessarily pollution-related, such as allergies, have been another driver of sales growth in this category.
As CBD emerges as a key ingredient for relieving inflammation and prompting relaxation, the sanitary protection market has found a potential breakthrough and an answer to the long-lived search for period alleviation. From CBD-rich suppository to CBD-infused tampons, cannabis-based fem care products respond to the growing demand for alternative health products. However, these cannabis fem care brands will face the challenges of the current legislative landscape and consumer education. The coming years will be a test of agility and creativity for these cannabis start-ups as the cannabis market continue to evolve.
Premium feminine care is on the rise, disrupting the dormant sanitary protection market. Brands such as Rael, Cora, and Blume are attending the high demand of curation and convenience from Millennial females. Often labelled as organic or natural, these premium players have proven that sanitary pads and tampons are categories that can be innovated and improved. Moreover, with their unconventional marketing tactics, these emerging brands have been demonstrating the increasing importance of omnichannel strategies.
As luxury brands struggle to stay relevant, many of these brands are now recognizing how important millennial consumers are. Young, affluent consumers are taking cues from casual street wear, demand newness, and expect brands to reflect their ideals. Rihanna's Fenty Maison marks a number of firsts for LVMH specifically, including LVMH's first original brand created by a woman. Partnering with Rihanna was a particularly smart move for the company, as she champions inclusivity in everything she does. The new brand is a natural step in the evolution of the new era of luxury.
Southeast Asia is a fast growing region, with it's population set to exceed 700 million in less than 10 years. Urbanisation and female involvement in the household in the region is leading to the purchases of consumer appliances such as automatic and semi-automatic washing machines. Southeast Asia is also experiencing a growing middle class and rising income levels; and as a result of this, consumers are looking for advanced home care devices with different functionalities. International businesses that produce these types of devices are looking on how to expand their operations into the home care space in the region.
Ikea catches up to the urban living trend with the launch of its new store and design studio in Manhattan. The move signals the growing need for homeware and home furnishing retailers to embrace an extensive business model that is omni-channel and oriented to Millennials. In an age where both digital and real-world experiences are valued, the Swedish brand is serving highly curated assortments and design-oriented customer service that should catch the attention of the busiest of New Yorkers.
Video gaming has come a long way from the humble arcades in the 1980s to the industry giant it is today. Mobile gaming is a segment that is continuing to see larger growth ever since the advent of the smartphone. Globally, mobile gaming will generate over US $33 billion in incremental sales over 2018 to 2023, supported by continued growth in mobile devices, convenience and affordability. The expanding interest in esports is also fueling growth in the category, with games such as Fortnite gaining massive popularity. Traditional toys and games keep a watchful eye on the video game category, and some traditional companies are attempting to cash in on licensing deals with mobile games.
Digital assistants have spread beyond the smartphones and smart speakers that made them mainstream. Smart watches, automobiles and even kitchen appliances are already integrating digital assistants. As digital assistants integrate into more devices, Americans will grow increasingly comfortable with them.
Healthy beverages are gaining more and more interest worldwide, and Eastern Europe is no exception. Increasing bottled water consumption in the area can be looked at as a step towards healthier drinking options. While water gives consumers a guilt-free feeling, it lacks the color and flavor of other soft drinks. Therefore, there is a demand for other options such as fortified/functional, plant based or flavored water. There is a favourable economic climate for these types of healthy beverages to thrive, and online retailing will be essential in catching the eye of the consumer.
Apparel and footwear in Japan has been continuing to struggle, and retailers have been introducing new concepts in order to gain momentum. For instance, Fast Retailing opened a concept shop GU STYLE STUDIO in 2018, where consumers can create their own avatar to try on clothes. Another company, Zozo Inc, is a disruptor in the apparel market. Its main business is Zozotown, an e-commerce site dedicated to fashion products. It started off as is a platform of numerous apparel and footwear brands, but some manufactures express concern that having their products sold through the site will taint their brand image as the discount will make it look like the brand value has been lowered.
In the Middle East, there are three trends emerging in the apparel and footwear market. First, regional retail groups are still leading in the area due to the introduction of innovative fashion concepts. Secondly, internet retailing is continuing to prevail in the region. Third, consumers are still drawn to fashion that is modest yet has an international appeal. These three trends will contribute to the competitiveness and overall growth of apparel and footwear in the region.
Apparel and footwear is an industry that is constantly evolving, changing and growing. With 17% of sales completed online last year, this $1.7 trillion industry is set for more innovations in the forthcoming years. Interestingly, Australia is a huge contributor to this growth as it is the third largest region in terms of per capita spending on apparel and footwear. Euromonitor examines the megatrends that are driving the volume and value of the apparel and footwear market and what this means for Australian consumers.
The launch of the Tampax Cup by Procter & Gamble in 2018 signals the first entry of a global disposable fem care manufacturer into the reusable products domain. While fitting with the company’s key strategic initiatives, the launch can also provide an additional boost to sales of reusable cups. However, it will require further work on the part of the company to raise product awareness, and acquire new users given the low frequency of purchases, P&G will also have to counteract any skepticism over the company’s intentions, given Tampax's leadership in disposable tampons.
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 with Money20/20 USA, taking place October 21-24, 2018 in Las Vegas. Use discount code EURO250 for a $250 discount on registration.
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 and lifestyle products once they join the labour force to show their newly acquired success and status. It’s a way to show they have arrived in life and have a better standard of living than the previous generations. Social media and celebrity culture has a major influence on purchasing patterns - especially in countries such as Nigeria and Angola.
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.
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 approach followed by manufacturers to make beauty products more natural and appealing to consumers is to reformulate them by reducing the chemical fraction, removing criticized ingredients and blending the milder synthetics mentioned earlier with ingredients which are naturally derived.
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 includes regular calendar for hockey events around the world, including China.
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 portion size, time and effort, and convenience.
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 awareness/
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. How is this trend evolving? Is it a medium, long-term, or rather a short-term trend?
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 begin to raise prices without losing competitiveness.
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 856 million.
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 vitamin and dietary supplements at least weekly; while only one-third of global consumers responded that they took vitamin and dietary supplements at least weekly.
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 the state of global infrastructure. The three key findings include emerging markets are predominantly driving infrastructure investment, digital infrastructure has been experiencing a boom with three-quarters of the global population expected to become internet users by 2030 – up from less than half today and there will be a growing focus on sustainable infrastructure with clean energy being the primary beneficiary.
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 acquisition allowed it to become the world’s number one organic player in 2017. Reckitt Benckiser’s merger with Mead Johnson Nutrition Company meant it became a prominent player among fortified and functional dairy companies. This may put pressure on Danone and Abbott Laboratories in the fortified and functional milk formula category thanks to Mead Johnson’s wide geographic footprint.
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 Thailand, have implemented sugar taxes, therefore driving consumers towards beverages that have less sugar.
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 targeted insights across professional team sports globally. To gain further insight on what we currently have on offer, visit http://www.euromonitor.com/sports-industry-research
After much speculation, we’ve finally seen the long-awaited arrival of a local platform for global internet retailing giant Amazon in Australia. But what does it all mean for Australian retailers and consumers – and even for Amazon and its major e-commerce competitors?
Polish authorities approved a decision to limit retail trade on Sundays. The ban and the restrictions will affect mainly major retailers, with certain exceptions to traditional outlets. However, the exact market reaction to these new regulations remains unclear, leaving retailers in doubt when it comes to planning their further operations.
Во время экономического кризиса в России в 2014-2016 г., индустрия предметов роскоши продемонстрировала большое падение продаж. В 2015 г., рынок роскоши сократился на 33%. Однако, уже заметно что рынок начинает восстанавливаться и ожидается, что на положительный рост в валюте рынок выйдет уже в 2017 г.
During the economic recession in Russia in 2015, the luxury goods industry faced an unprecedented breakdown. Usually - and surprisingly - luxury goods are generally resistant to economic downturns, however in 2015 the luxury goods market in Russia experienced a 33 percent decline. Euromonitor examines this crisis and examines where the market is headed today and in the future.
With increased access to higher education and more women entering the labour force,women are more empowered than before. The higher spending power of women is fueling the rise of the "She-conomy".
Beauty supplements are gaining traction in Asia, driven by the consumer craze in beauty and skin care. Asian consumers have a desire to achieve a true, authentic beauty and thus purchase items for skin enhancement, hair shining and cuticle glowing. Pharmaceutical and beauty companies are answering to this demand by launching products with antioxidant, anti-inflammatory and cleansing benefits such as amino acid, co-enzyme Q10, probiotic, and natural ingredients like coconut oil and turmeric.
A rise in the number of consumers who are avoiding eating meat is apparent in many developed markets. Beyond those adopting a strict vegetarian diet, the most noticeable shift in consumer perceptions towards meat lies in the increased adoption of meat–reducing diets such as the rise of flexitarians.
The Baked Goods category in India is dealing with changing consumer lifestyles resulting in changing demand for baked products. Western baked goods like pastries and cakes are making way into Indian snacking, and many families have started to include bread as part of their daily breakfast routine. Manufacturers are trying to address the consumer need for healthy living and creating products still address indulgence. Furthermore, consumer foodservice establishments are playing a critical role being at the forefront of the baked goods business.
There are two trends present in the ethnic hair care market in Africa. First of all, the middle class is rising in the country and women have more disposable income to allocate to beauty and personal care products. At the same time, more African women are embracing their natural hair - hair that has not been chemically treated. The mindset towards natural hair is changing, especially among the younger generation of African women. As a result, companies should consider that African consumers are not a homogeneous group and a one size fits all kind of approach can not be used.
As India gears up to host the 2017 FIFA UNDER 17 World Cup, Euromonitor international analyses the game at the domestic level, focusing specifically the Indian super league. Matchday trends, commercial partnerships and social media metrics shed light on the opportunities and challenges that have and will continue to face league stakeholders.
Euromonitor International will launch its dedicated sports and entertainment system in 2018, and in the meantime will use its team of sports analysts to produce compelling and targeted insights across professional team sports globally.
Visit http://www.euromonitor.com/sports-industry-research to learn more.
Traditional toys and games is an ever-changing category in today’s technology driven world. Gender roles are broadening and licensing is becoming a critical aspect, and the Goods and Services tax is impacting sales for both retailers and manufacturers. However, growth drivers and demographics remain strong which will contribute to a better performance of traditional toys and games.
The main goal of summer friendlies for football clubs is to prepare teams for the upcoming season. However, in the last few years summer friendlies have rapidly developed from a series of fairly meaningless training games to meticulously organised tournaments. Justas Gedvilas, Sports & Entertainment team lead talk about the main reasons for the growing appeal of summer friendly tournaments, including their appeal in the United States and Asia.
Weight management and well-being is highly driven by trends that tend to change every decade, from “magic” diets to new and innovative weight loss ingredients to experts claiming to have the ultimate formula or diet. This year a lot of the new product launches in food are focused on reformulation and processing.
As Japanese consumers struggle to find the right product in the increasingly crowded market, many take advice from experts in the industry. This has led to the increase in curation services in beauty and fashion industries, where professionals select products for the consumers or recommend certain products to purchase. Such curation services capture the delicate balance in the minds of today’s Japanese youth on expressing individual style while taking inspiration from others.
Store-based retailers have embraced digital technology not only to develop a multi-channel retail strategy, but also by using augmented reality and virtual reality, to demonstrate their products in store and in consumers’ homes. Euromonitor International analysts present three innovative examples of the blending the physical and digital in retailing.
The number of electric vehicles on the road in the United States grew fivefold between 2011 and 2015 but the number of public charging stations capable of quickly charging these vehicles remains low. According to the US Department of Energy, there are 2,200 fast charging stations in the United States; there are 168,000 gas stations. Because most automakers and the US government have yet to fund fast charging infrastructure, private businesses need to step in to establish the infrastructure needed for mass adoption of electric vehicles. Certain retail-types are best-suited to capture growing demand: those with ample parking, a variety of location types, and stable or growing in-store demand.
The Vitamins and Dietary Supplement industry is South Africa falls under the legislation covering Complementary and Alternative Medicines (CAMS), which is currently regulated under the Medicines and Related Substances Act, 1965 (Act No. 101 of 1965). Since 2013, with amendments made to the legislation, the industry has been moving towards greater regulation, similar to the way pharmaceutical products are regulated. The move towards more regulatory requirements is having important repercussions on this lucrative industry which has until now registered strong double digit growth.
According to UN Food and Agriculture organisation approximately 1.3 billion tonnes of food is wasted annually. Denmark managed to decrease its food waste by 25% in the last five years. Euromonitor discusses the initiatives that facilitated improvement in fighting food waste in Denmark and the impact it has on companies.
The Athleisure trend is still going strong in the apparel and footwear industry. As consumer continue to choose active and healthy lifestyles, their apparel reflects these choices. Fast fashion retailers are also gaining ground in emerging markets, with outlets opening in regions such as Latin America, the Middle East, and Africa.
Una nueva investigación de Euromonitor International muestra que en 2016 América Latina registró la mayor caída en el volumen de venta de cigarrillos de los últimos 15 años , decreciendo 6% en comparación con el año anterior. La investigación toma en cuenta tanto las ventas lícitas como el mercado ilícito de cigarrillos. Considerando solo los cigarrillos vendidos en forma legal, la caída fue del 9%, mientras que la venta ilegal de cigarrillos creció un 6%.
An unfavorable economy in Brazil is turning consumers there toward illicit cigarettes. Illicit cigarettes are often more than half the price of legal cigarettes, and consumers with low incomes and the unemployment are turning to these illegal products. In fact. about 41 percent of all cigarette sales in Brazil are from illicit products. Legal tobacco products are suffering as a result, and many Brazilian consumers are turning away from smoking completely as a result of a health trend that is sweeping the country.
Global travel and tourism remains on track with global inbound arrivals with a growth of 3.7 percent in 2017 declining to 3.3 percent in 2018, as uncertainty escalates in the US, the UK and Europe and the Middle East as well as a minor economic deceleration is expected in China. However, despite these facts, the fundamentals remain sound for global travel and tourism demand.
Plant-based proteins are plant based alternatives to meat and meat derived products as a protein source which includes pulses, seeds and sea plants. Across the globe we are seeing that plant based protein is gaining attention as a sustainable protein source and in many cases Australia is seen as a leader in terms of how consumers have embraced plant based protein sources within packaged food products.
Over the last few years, there has been a significant entrance of fast-fashion retailers in the Chilean market including Aeropostale, Top Shop, and Zara. These brands have quickly been able to obtain immediate success in the country due to their already well-known names. Chileans are actively looking for new products to match their fashion and budget, and these stores have filled a market gap in the country.
Frontier and emerging markets are seeing a rapid rise in household facilities, including kitchens, baths and general home infrastructure. This is creating opportunities for appliance and home goods brands. In this podcast Euromonitor discusses some of the main trends in this space and the remaining challenges.
Brazil continued to face a challenging environment in 2016, with markets expecting a negative growth of 3.7% in GDP on top of a 3.8% decline in 2015. As the economic situation continued to postpone signs of recovery, consumers' purchasing decisions became increasingly rational. Euromonitor gives an overview of the most important changes in the local food and beverage scenario during the economic crisis.
The proportion of female household heads globally is growing, as are female disposable incomes. This is creating a newly-empowered generation of female consumers in the household. Meanwhile, men are becoming more involved in the home than ever before, as gender roles blur. In this podcast, we discuss some of the primary trends surrounding gender and households.
There is an ongoing shift among Swedish consumers from traditional toys and games towards video games. Video games accounted for approximately 60 percent of total value sales on the market in 2016. The user base of smartphone games is expanding - it's no longer just younger Swedes playing games on their phones, but also people from the older age segment.
"Heat-not-burn" tobacco products work by heating, rather than burning tobacco. After some of these products were introduced in test markets such as Italy and Japan, Phillip Morris International launched an aggressive expansion strategy with its iQOS (I Quit Ordinary Smoking) device. Euromonitor estimates that the market value of heat-not-burn products will double in size in Western Europe compared to Eastern Europe in relation to cigarette sales in those regions. Although the market share of heat-not-burn products are minuscule when compared with cigarettes, they are foretasted to grow.
Product reformulation is often being used by companies intent on improving the health credentials of their brands. This can be either by increasing the proportion of ingredients seen as healthy or by reducing the amount of those unhealthy ingredients. Currently, the so-called “war on sugar” is at the forefront of manufacturers’ preoccupation with healthier recipes.
Астана готовится принять международную выставку EXPO2017. Во время подготовки к мероприятию была проделана колоссальная работа - значительно улучшена туристическая инфраструктура в стране, что положительным образом повлияло на развитие индустрии в Казахстане и дало импульс к долгосрочному развитию.
Astana, Kazakhstan is preparing to host the international exhibition EXPO2017. 2 million people will visit the exhibition, so improvements to the city's infrastructure were recently completed to make guests feel comfortable. For instance, Astana International Aarport was opened after reconstruction and lodging capacity in the city was significantly increased. This will undoubtedly affect the development of tourism in the country.
Over the next five years, the Asia-Pacific IT industry is expected to grow by 4 percent per year, which is above the global average of 3 percent. By 2025, around one third of global IT revenues will originate from the region, up from 29 percent currently. China, for instance, is set to enjoy the strongest increase, while the already large Japanese market will grow gently by 2 percent per year.
Euromonitor International has recently released new data on the alcoholic drinks industry and has uncovered several key findings in this data. The industry in 2016 avoided maturity, and while downside risks remain, opportunities remain as well. The market in Asia-Pacific improved, although China remained negative. In Eastern Europe, legislative changes are creating issues for the industry - especially beer - and the overall economy remains weak.
In the aftermath of the Brexit referendum, the value of the pound has depreciated by around 17% against the US dollar, and by 12% against the EUR. Retailers in the UK have not reacted as quickly, and UPs remained unchanged for another few months after the currency depreciation. As a result, from a global perspective, prices in the UK were lower and more appealing, which caused an influx of tourism to the UK as consumers hunted for luxury goods. Consequently, the UK has seen a significant rise in tourism spend.
The luxury goods industry overall has entered a new phase, where conspicuous consumption is giving way to more meaningful luxury experiences. We are seeing bigger footprints in areas such as luxury travel and luxury health and wellness, and more collaboration is expected between luxury fashion brands, food and lifestyle in the short term.
2017 m. gegužę alkoholiniams gėrimams Lietuvoje buvo padidintas akcizas. Šie pasikeitimai lems didesnį, negu buvo laukta, rinkos kritimą. Rinkos analitikės Julijos Poliščiuk teigimu, padidintas akcizas alkoholiniams gėrimams paskatins pirkėjus daugiau alkoholio įsigyti kaimyninėse šalyse bei padidins nelegalaus alkoholio pardavimų mastą.
In May 2017, alcoholic drinks in Lithuania were subjected to higher excise rates. These rates will force consumers to turn to contraband and counterfeit alcohol, as well as increase cross border trade. The highest amount of alcoholic drinks is forecasted to be brought from Poland.
Euromonitor's newest pet care research shows good growth is expected for 2017. Similar to previous year in constant or real terms (that is, without the impact of inflation) global value sales are expected to increase by 2%. Considering the current economic climate and increasing instability, this growth is quite good. The global marketplace is increasingly competitive with many mergers and acquisitions taking place over the past year as well as a significant shifts in terms of the retailing landscape.
Sub-Saharan African economic growth is expected to pick up in 2017 after reaching the lowest level in 22 years in 2016. Growth will be driven by a stabilisation of commodity prices and improvements in the largest economies in the region. Euromonitor looks at the outlook for the three largest African markets of Nigeria, South Africa and Angola, which accounted for 55.2% of the region’s GDP in 2016, while also examining the key risk scenarios facing South Africa using our Macro Model.
В 2016 году Украинский рынок алкоголя продолжил падение, но оно значительно замедлилось в сравнении с 2015 годом, когда объем рынка сократился на 20%. За последние два года, повышение ставок акциза, а также введение дополнительных лицензий, сертификатов соответствия и налога на розничную продажу алкоголя привели к существенному повышению цен, сокращению легальных продаж и стремительному росту черного рынка. Будущее алкогольного рынка, как и многих других FMCG индустрий, зависит от роста и стабильности экономики в стране, а также принятых мер по борьбе с нелегальной продукцией.
The way we eat today differs from the notion of three balanced meals a day of just a generation ago. There are no strict rules when, how and what one should eat or drink - however, there is a growing demand for naturally healthy, free from preservatives, reduced sugar and no sugar beverages. The snacks landscape has changed as well and will continue to evolve as consumers become more demanding about the nutritional value of their snacks.
Clean label is a term that is in a constantly evolving, malleable to the demands of the global consumer. And global brand owners are continuing to show a keen interest in not only keeping pace with front runners in terms of clean label reformulation, but also in determining what the next level of “clean” could entail in a practical sense. The more traditional clean label claims such as no artificial and all natural claims may not be enough in the years to come, but for now, these claims are flourishing in developed markets.
The third largest global consumer tissue and disposable hygiene products manufacturer and marketer, SCA Group, has recently confirmed its decision to split the company’s forestry and hygiene businesses, creating a new entity – Essity - with the focus on tissue, hygiene and recently acquired medical products business. The move appears well-judged as it will allow the company to streamline and focus its resources on building value and growth in the increasingly challenging market conditions, under mounting competitive and pricing pressures and low profitability.
The Ukrainian alcoholic drinks market continued its decline in 2016, yet the decline significantly slowed down in comparison with 2015 when sales volume dropped by 20 percent. The negative performance was fueled by increased excise duties, the weak state of the economy and the introduction of additional costs for stakeholders - leading to price spikes and the booming of the black market. However, the main shock brought by the economic crises has passed, so steep declines are not anticipated in the near future.
Sugar has been portrayed by the mainstream media as the number one demon in our food. Supporting this is an ever increasing link between sugar consumption, obesity and diet-related disease. This negative depiction of sugar has reached a point where it is compared to other harmful substances, such as alcohol, tobacco and even certain hard drugs. Sugar sweetened beverages are the greatest source of sugar among packaged foods and soft drinks in the majority of countries researched by Euromonitor International, and provide little to no nutritional benefit.
The rise of technology is impacting many parts of the fashion industry such as apparel, footwear and personal accessories. Euromonitor analyses the impact of technology on purchases of personal accessories and how brands are utilizing technology to improve business efficiencies.
As 2017 unfolds, consumers aged over 50, the most vocal and youngest of whom are part of a generation known for their outspoken views, the baby boomers, are living a changed ageing narrative. This sees articulate ‘ambassadors’ and organisational advocates ‘disrupting ageing’ via louder consumption demands, shifting work practices, mature style icons and novel ageing solutions.
JAB Holding Company's purchase of Panera Bread is the latest example of market consolidation in US foodservice. In this podcast, Michael Schaefer, Global Lead - Food and Beverage, and Consumer Foodservice Analyst Stephen Dutton discuss how JAB might leverage Panera's meal-oriented menu offerings to complement its portfolio of brands and increase daypart coverage, and discuss JAB's growing influence in global foodservice and what the Panera transaction means for the future of fast casual.
Households are in a constant state of flux, with demographics, migration, new income trends and technologies constantly changing the shape of the home. Euromonitor has identified the top 8 trends that have the largest impact on households.
2016 proved to be a momentous year for the smart home, as the sector finally received his first mainstream device. Dubbed the voice speaker, the smart home hub, or the home assistant - the Amazon Echo has captured the imagination of the public and is set to revolutionize the digital household.
A growing emphasis on hydration and concerns over calorie intake on sugary drinks is being shaped by rising health concerns among consumers everywhere. Although these trends are seen globally, it is particularly evident in Europe and North America in light of the current sugar debate and sin tax legislations. It' is a growing trend that organic and ‘natural’ food claims are gaining traction, but packaging manufacturers can also be crucial in addressing these health concerns.
The Southern European states of Spain, Italy, Greece and Portugal were some of the hardest hit countries during the economic downturn of 2008-2009. Rising unemployment, falling incomes and decreased consumer confidence quenched the high pre-crisis performance of many industries — one of them being airlines. An economic recovery has been witnessed across these countries with real GDP and disposable incomes growing in 2016. Was this positive performance reflected in the airline industry as well?
Senior Beverages Analyst Howard Telford and Senior Research Analyst Mark Strobel discuss the growing global trend towards taxes on added sugar beverages. What does the uncertain impact of the Mexican IEPS tax on soft drinks mean for future efforts to impose drinks taxes in the US and UK? And what factors determine how successful a sugar tax regime might be in driving down consumption?
Consumer demand and interest for natural and organic products have grown substantially in the Nordics over the last decade. However, there is a clear lack of a single ecolabel with clear standards. As a result, multiple trade and industry association in the region is calling for legislators to address the issue and create one single holistic ecolabel, which could help green beauty products’ market to develop to its full potential.
As the largest single region by card payment value, Asia is positioned to drive global card payment trends over the forecast period. Euromonitor International’s recent report on the region looks at what is driving this growth and how payment policy has positively and negatively impacted certain markets. This podcast looks at the key findings of this report and discusses what makes an effective payment policy.
Global demand for Fresh Food increased by nearly 3 percent in volume terms in 2016 - very much in line with average growth achieved over the last five years. Our recently published Fresh Food database estimates retail sales of organic products not only by retail volume, but also by retail value. For the first time we are not only able to measure share of the stomach taken by organic products but also share of the wallet.
Business and recreational services in Asia Pacific are set to experience strong expansion over the upcoming decade. Business services in Asia Pacific are expected to be led by China, which will dominate the region. China and Philippines are also projected to dominate in recreational services. Overall, Asia Pacific is forecasted to account for the largest share of recreational services and second largest business services globally by 2025.
Euromonitor International attended the Natural Products Expo West conference in Anaheim, California last week. Expo West serves as the main showcase of natural, organic and healthy food and beverage innovation in North America. In this podcast, Howard Telford, Senior Beverages Analyst, shares his top 10 trends in terms of beverages innovation from the show.
The increasing pressure of the over-indebted Chinese corporate sector is predicted to persist in 2017. High credit growth is one of the outstanding problems for China's financial sector. Bad loans are a particular cause for concern and will most likely influence China's economy.
The competitive landscape of the eyewear industry is undergoing a string of changes. The merger of two eyewear giants, Essilor and Luxottica, will create an industry behemoth that may prove either boon or bane to smaller players. Meanwhile, there is reassessment of corporate strategy in the eyewear licensing business as luxury conglomerate LVMH follows in the footsteps of rival Kering. In this podcast, we assess the winners, losers, white spaces, and challenges created in these latest shifts.
India's Union Budget 2017 continued its focus on the rural sector and infrastructural activity striving to enhance overall competitiveness, increasing job growth through investment and boosting consumption levels. Furthermore, it focused on increasing the quality of life by empowering several segments of the society and imposing reforms to make the economy more transparent and develop the financial as well as services sector. In addition to this, there was a special focus on youth development programmes to equip a larger number of India's younger population with technical skills.
When looking at health & wellness food, we often think of food that we have traditionally considered to explicitly fall into this category, for example foods that are fortified with vitamins, reduced sugar, salt or fat products, organic products, free from gluten or free from dairy foods, and naturally healthy products such as olive oil or honey. But, what we see consumers perceiving as healthy is sometimes a much broader field.
The apparel and footwear industry as a whole has moved into a continuous stream of products. Fast fashion has disrupted traditional buying cycles, while consumer behaviour has shifted to prioritise technology and experience over consumption. Retailing strategies are increasingly being reviewed as fashion companies’ work hard to capture consumers’ attention. In this podcast Euromonitor International and WWD discuss latest retailing trends within fashion, highlight innovative concepts and touch upon the challenges retailers have to tackle.
Although India’s population is young and growing, the share of the population aged 65+ in total population is projected to rise significantly through to 2030. Population ageing in India is the result of increasing life expectancy, lower fertility and declining birth rates on the back of social changes. It puts strains on social welfare and public healthcare as well as having important implications in terms of labour productivity, consumption patterns, and private savings.
Despite the fact that the average wages in Romania are still notably smaller than in developed countries, private label’s penetration in Home Care and Tissue and Hygiene industries remains significantly low. This could be mainly explained by dominating share of multinational players that historically preserve confident leadership in this country. However, over the next five years leading retailers are going to benefit both from introduce of their products within most dynamic and less matured categories and from brands improving positioning.
Treating oneself to indulgent or greasy dishes will always have its appeal. Nevertheless, Western European consumers are increasingly health conscious. This megatrend permeates itself within foodservice on menus in the form of a growing number of low fat/salt/sugar/calorie/carbs, vegan/vegetarian, free from lactose/gluten/nuts dishes. In 2016, not only do we see an expansion in the number of brands increasing their healthy food options within casual dining and fast food, but also trial partnerships between specialist coffee shops and healthy eating brands, highlighting how even brands on the peripheries of the healthy eating trend are aware of its appeal and its potential for business growth.
The newly elected US President Donald Trump issued an executive order on 27 January to temporarily suspend refugees and immigrants travelling from Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen, from entering the US, which has led to an uproar across the globe but also triggered an immediate change of working practices for many travel operators, such as the airline players. Currently the executive order is facing legal difficulties, following a decision by a federal judge to stop the enforcement of the controversial executive order.
Click and collect has become a major trend in retailing, as operators seek to circumvent delivery costs and convert online purchases into brick-and-mortar visits. Meanwhile, restaurant chains are experimenting with maximising convenience and bringing on-demand immediacy into restaurants. In this podcast, Strategy Analyst Elizabeth Friend will interview Retailing Analyst Michelle Mallison about what operators can learn from retailers who have already found success with click and collect.
More consumers are basing purchasing decisions on wellness priorities, giving greater attention to the functional aspect of a product formulation. Probiotic-based beauty leverages this trend, exhibited in a recent wave of innovative start-ups focused on probiotics. This development, however, comes with challenges attributed to technical barriers in making probiotic-based beauty viable, and rivals claiming to use probiotics, but formulate with dead bacteria that render the product less effective.
The world is experiencing two contrasting trends - on one hand households are getting smaller in terms of spacial territory, but on the other they are also getting larger. This shift is dependent on the households' location and level of development. In the latest edition of Households Trends, we analyse where and how these changes are occurring.
From early 2017, Finland is planning two legislative changes in the alcohol and confectionery markets. The country will remove the so-called sweet tax for confectionery and ice cream, and the Finnish government is planning a wider renewal of alcohol legislation including several changes in the drinking laws. Research analyst Salla Korpivaara discusses what impact this will have on the market.
The economic crisis in Brazil directly effected the luxury industry in Brazil making even the most resilient consumers become more conservative with their purchases. As a result, the luxury industry had its weakest growth performance of the last 10 years. In the same period, many international brands that have entered the market recently shut down their stores and have left the country.
Antipollution ingredients are not just a fashion trend but are likely here to stay. In fact, pollution protection is becoming as essential as UV protection, especially in highly polluted megacities. Consumer’s needs around the world are driving the demand for urban cosmetics specially designed for city life. This opens up worldwide opportunities to market new ingredients able to clean, protect and repair our natural barrier against pollutants. However, Eastern and Western consumers demand antipollution products for different reasons and thus customization and proof of efficacy are key to capture the growth potential of the market.
Romanian retailing showed a 12% growth in current value terms in 2016, becoming the top performer not only in Eastern Europe but in Europe overall. Research analyst Cosmin Dan explains the impressive growth as well as a forecast for Romanian retailing for the upcoming five years
In September Kofola Cesko Slovensko purchased Studenac from Croatian company Podravka. With this action Kofola continues its plans to establish a strong presence in Non-Alcoholic drinks market in the Adria region of South-East Europe. Research analyst Gordan Stanic provides his opinion about the reasons behind this acquisition and its impact on the market.
The holidays are in full swing in both the Middle East and Asia Pacific, and brands and retailers have come u p with innovative and competitive ways to draw in consumers. While luxury gift giving remains stable in the Middle East, efforts in fighting corruption in Asia Pacific has brought luxury gift-giving into a downswing.
Sustainability is a narrative that transcends specific markets, regions and industries. It is a truly global movement that is driven by the ever increasing importance of corporate social responsibility, demand for transparent business structures, and the deeply concerning questions around food and water security and carbon footprint, resulting in unprecedented emphasis being placed on companies to address these core issues. In this podcast we will discuss what this means for manufacturers and the many available routes to sustainability (both in terms of environmental conservation and ensuring an ethical supply chain). Passport: Ethical Labels data will be used to provide a global snapshot of the growing role of sustainable and responsible sourcing as well as a more focused insight into what this means in the Australian market and the role that Fairtrade has played as a catalyst to this ethical revolution.
Consumers in Western Europe continue to be highly health- and appearance-conscious. Reflecting this was a health and fitness presence across many consumer goods markets, such as packaged food, consumer electronics and fashion (with the rise of athleisure in clothing and footwear). The use of specialised sports nutrition products as a means to achieve optimum health and fitness has taken the sports nutrition category well into the mainstream domain. Over the next five years, women and ageing population in Europe are expected to become more of a focus within sports nutrition as brands acknowledge the large demographic of women in taking their fitness regimes extremely seriously, and the older population want to be as fit as they were in younger years.
Sofia, Wuhan, Quito, Guayaquil and Buenos Aires are the top 5 cities with the most rapidly rising degree educated population. Cities analyst Fransua Razvadauskas discusses what implications this have on cities as well as what are the prospects and future challenges for higher education in emerging and developing countries.
Instant coffee is a growing segment of the global market, benefiting from the rapid growth of specialist coffee shops and the expansion of “coffee culture” in traditionally tea-drinking markets. Analysts Matt Barry and Virginia Lee talk about where instant coffee is consumed, the top five growth markets for instant coffee, and new product innovations that offer a premium or locally targeted coffee experience.
In a bid to reduce their dependence on the struggling carbonates segment, the three biggest players in US carbonates have recently made a number of acquisitions to expand into more premium soft drinks segments. On November 22, Dr. Pepper Snapple Group announced it was purchasing Bai Brands for US$1.7 billion. On the same day, PepsiCo stated it would be buying KeVita. These acquisitions as well as The Coca-Cola Co’s purchase of Aloe Gloe in June reflect the companies’ intentions to enter into naturally positioned soft drinks categories.
Discount brands have gained significant traction in Western Europe due to their lower price points and larger distribution networks. In addition, many brands that were previously limited to North America, such as Lululemon and Victoria's Secret, are now opening stores in Western Europe and bringing online shopping with them.
M-commerce is still relatively new, but it is a quickly growing channel. Retailers, especially those that are focused on achieving omnichannel proficiency, are looking to optimize the mobile shopping experience for their shoppers. Starbucks, a foodservice company, has been very successful in the M-commerce space. This podcast will discuss some key takeaways from the company’s success that retailers should be mindful of while building on their own mobile strategies.
한국의 남성 라이프스타일 숍이 시장 침체에서도 불구하고 플러스 성장을 보이고 있습니다. 남성 라이프스타일 숍은 패션을 비롯한 라이프스타일에 신경을 쓰는 남성들이 즐길 수 있는 생활문화 공간입니다. Euromonitor International 의 미쉘 맬리슨 (Michelle Malison) 애널리스트가 한국에서 열풍을 일으키고 있는 남성 라이프스타일 숍의 현재와 향후 동향에 대하여 살펴보겠습니다.
Less is more refers to the idea of consumers trying to limit or avoid certain ingredients in their food choices. In a way, it shows our growing desire for simplicity and naturalness. The primary drivers of this trend are health and value for money. On the manufacturing front, the concept manifests itself as “frugal innovation”, which is the idea of removing non-essential and often costly features from a product or service. More concretely, we see a surge in the launch of new food items with fewer ingredients, thinner portions and implicit health benefits, such as Oreo Thins, Nakd Bar and Chobani Simply 100.
The bottom of the pyramid – or the BOP – is gaining increasing recognition by large corporations as an important consumer group. Ever since the global financial crisis of 2008-2009, global businesses have been operating in an environment of slowing growth, weakening consumer expenditure, volatility and uncertainty. A new growth avenue beyond the much-talked-about middle class is therefore vital for the long-term survival and success of a business.
The smart home market is expanding rapidly. Major brands are entering the segment and providing cost-effective solutions to everyday household problems. However, smart home goods are still targeting a niche, tech-savvy audience. We take a look at what smart devices are actually breaking into the mainstream.
Luxury retail is a globally important industry, and the Asia Pacific region has always been one of its core engines. Reviewing the context of Dana Thomas's book, Deluxe: How Luxury Lost its Luster, provides the backdrop for China's transformation into the most important Asian country for luxury retail. Using specific examples and interesting travel data adds even more modern evidence for how important the Chinese have become.
Men-centric retail stores are on the rise in South Korea. A growing number of male consumers are becoming more conscious about their appearances and are also looking for more interesting ways to spend their leisure time. Retailers in South Korea are responding by creating men-centric lifestyle stores that cater to mostly to men in their 20s, 30s and 40s. Male consumers have high spending power and represent an under-tapped market potential, and if successfully implemented, these retail outlets are likely to continue gaining popularity over the forecast period.
Lazada recently secured Singapore-based online grocer RedMart, strengthening its position in Southeast Asia e-commerce. The buyout comes after Alibaba recently poured in US$1 billion into Lazada. With Amazon set to launch in Singapore come 2017, how will competition pan out? In this podcast, research analyst Yu Xian Lim, discusses more about the deal and what it may suggest for online retailers moving forward.
Both consumers and high profile influencers are challenging ageing in disparate spheres such as wellness, advertising and sports participation as 2016 unfolds. Ageing is central to public debate as the future for many world regions is much greyer, and mature consumers remain a huge market. We can now talk of a mature lifestyle as more people are living a busier, more satisfying and extended ‘third age’ starting from 55-65, with post-middle age consumers being more energetic, more expert, enjoying and maintaining good physical health and paying attention to mental wellbeing.
The Middle East is well adapted to Western trends, as Middle Eastern countries are very well aware of international brands and their appeal due to social media. However, the strong retail sector and the culture of heading to a shopping mall as a leisure activity are facilitating the development of the retail and personal accessories scene further.
Since the launch of the Apple Watch, smart accessories have permeated many different industries. However if each individual market is examined, the popularity of smart wearables is varied depending on the consumer perception. For instance, in South Korea, they are considered tech-savvy and as a result the male population is more receptive to wearables. However in the Philippines, where young consumers are fitness oriented, wearables can become a go-to accessory.
A common theme among soft drink companies is an effort to bring more premium products to the mass market by using familiar brands with upgraded packaging, added functional benefits and new flavours. Many soft drink companies are attempting to counteract their underperforming carbonates with premium still beverages. Both PepsiCo and Coca-Cola have been somewhat successful in this effort, especially in North America.
In order to understand the future work environment, it is necessary to understand the age demography that will comprise most of the workforce and the characteristics determining their lifestyle and subsequent preference for work environment. By 2030, millennials and generation Z will comprise most of the working population, equaling 3.4 billion in number. These workers are tech-savvy, value experience, have more options and are morally conscious.
Samsung announced this week about its decision to acquire Viv Labs founded by Siri creators, to accelerate its development in artificial intelligence. With Viv’s advantages over Apple’s Siri and other voice control assistants, Samsung will increase its global competitiveness in connected home and drive greater synergies between its electronics and appliances business.
The appeal of snacking is being marked by health concerns over calorie intake and sugar intake, especially in markets such as North America and Europe. As a result, many snack foods are releasing larger pack sizes that are meant to be shared, or smaller pack sizes meant for a quick indulgence. These new formats are meant for portion control, to lower the guilt associated with eating perceived unhealthy foods and to boost impulse purchases.
With apparel and homewares increasingly sold online, it makes sense that a number of high profile retailers have discontinued their catalogues in recent years. To many, the costs of maintaining a catalogue simply outweigh what customers are still willing to spend via catalogues. This logic may be flawed. Despite a lack of orders via mail, there is still support for catalogues as important omnichannel and marketing assets, making them more valuable than many brands might think.
Chinese tourists are visiting Australia with the intention to shop. Many of these tourists are buying luxury brands while they visit Australia, as the country has built its status as a luxury shopping destination with the arrival of many global luxury companies. National tourism campaigns are also specifically directed at Chinese tourists. According to Euromonitor data, foreign expenditure on luxury goods accounted for almost 30% of total sales in 2015, with a large proportion of these sales coming from Chinese tourists.
Online games remain popular around the world and in Australasia, with many online games adopting a "freemium" approach, which means the games are free to play but cost money to obtain in-game items or features. However, this transfer of real money to virtual money and back again has led to an unregulated surge of online gambling in these types of videogames. Government bodies in Australia have not yet identified this form of gambling in their regulations, and enforcing any laws on international companies will be difficult.
Unilever’s recent announcement of a potential deal with the Honest Company, followed by the acquisition of the Seventh Generation company, signal the company quest for products with eco-friendly positioning. The acquired portfolio, however, also includes disposable hygiene and consumer tissue products. The podcast discusses the place of the disposable products in the Unilever portfolio and potential challenges the company will be faced with as it enters the new segments.
The Brazilian market has faced many challenges this year, including an incredibly difficult operating environment and low consumer confidence in the midst of recession. Despite this, and while nearly all categories record declining value in constant terms, 100% home delivery/takeaway and the larger online ordering and delivery segment have emerged as rare centres of growth, offering operators a lifeline amidst the depressed landscape. In this podcast, Foodservice Strategy Analyst Elizabeth Friend discusses why online and delivery is a growth opportunity in Brazil and what challenges will face operators looking to get ahead in the digital space.
Euromonitor examines some of the key trends visible across our Households Country Briefings, which cover 85 significant economies. Major points include the surge in single person households through to 2030, booming mortgage markets and the rapid ageing of household heads.
Euromonitor discusses the primary takeaways from our recent Emerging Market Households strategy briefing. Focusing on newly obtained household values, urbanisation and bustling property segments, the briefing details the way consumption behaviour is changing in emerging economies.
Premium beauty and personal care is driven by the middle and upper income groups in the Middle East and Africa, but also by aspirational consumers who are looking to align themselves to premium brands and therefore status. This is especially true in the countries such as as the United Arab Eremites, where upwards of 90 percent of the population are expats who have moved for career advancements.
In August 2016, Samsung Corp announced the acquisition of Dacor Inc in consumer appliances. Both companies are compatible in terms of product offering as well as target consumers in the US. By acquiring Dacor, Samsung gains a number of advantages, namely leveraged brand and product strategy especially in large cooking appliances, shared production capacities and human resources, and expansion in retailing networks. It is expected that Samsung will look to continuously grow premium major appliances through further acquisitions.
In August 2016, the Centers for Disease Control and Prevention in the US published a study highlighting a group of people that consumed food from subsidized crops. This group was 37 percent more likely to be obese than those who consumed food from non-subsidized crops. This dialogue could lead to changes in the next Farm Bill, which has the potential for significant change in the price of food in America.
Lufthansa Airlines recently partnered with Airbnb to offer certain legs of flights through Airbnb's website. These flights are processed with the help of a representative from Lufthansa and offer around a 300 discount from other sites. By using Airbnb as an airline marketing and sales distribution channel, Lufthansa is breaking away from old-fashioned practices.
Las marcas privadas han mostrado un mayor potencial de crecimiento a lo largo de los últimos años en Chile, debido principalmente a un cambio de comportamiento de los consumidores. En este podcast, Jorge Arce, analista en Euromonitor International nos cuenta cuáles son los productos de marca propia más populares en este país, así como cuál es el potencial que presenta este mercado en los próximos años.
The fourth industrial revolution is set to increase the interconnection of machines, humans and digital systems, and expanding digitalisation is projected to impact the growing number of cyber breaches. Cyber insurance is growing as a result, with the US being the largest market for cyber insurance. It's expected that insurers that will offer financial cover will most likely add cyber insurance as part of their services over the upcoming years.
Croatia is one of the many European Union countries that was unable to meet the May 20 deadline for aligning with the EU Tobacco Products Directive. Tobacco products have been on the decline in the country for some time now, and although the tourism season is poised to boost the market, the EU sanctions will likely initiate another wave of decline.
With recent unsettling world events further undermining the consumer sense of safety, the motivation to secure control over our lives is only intensifying as 2016 progresses. The need to recover a sense of order and strength is influencing many buying decisions and disparate consumer behaviour including ‘helicopter parenting’, the interest in smart homes and where we holiday. In response, brands across all sectors are creating new products that promise to return a sense of being in control to consumers - many crowdfunded to be quick off the mark and test likely consumer interest.
The number of companies committing to sugar reduction is growing at an unprecedented rate, leading manufacturers and ingredients companies to find new alternatives to sweeten products. High-intensity sweeteners have long had a problem with consumer perception as they are artificial, so natural versions such as stevia and monk fruit are finding their way into many new products. These products, however, have issues with taste, and ingredients to mask these tastes are required in most products containing them.
There is an increase in consumption of plant-based food and beverages among consumers as they are often perceived as more natural, sustainable and healthy. Some consumers, suspicious of antibiotics and hormones, are either reducing or stopping meat consumption altogether. Health, wellness, taste, nutrition, ethical sourcing and sustainability will be the main focus of food and beverage development in the future.
Carbonates sales have been declining in many developed markets including the US, Germany, and Italy as consumers shift to healthier beverages. Yet demand for premium craft soda has been rising among millennials. The rise of premium soda has been occurring concurrently with the rise of fast casual restaurants that use higher quality ingredients. Fountain volume sales of Coca-Cola and Pepsi through foodservice have been hit hard in these markets. Seeking to replicate the success of craft sodas, a number of carbonates producers introduced premium fountain soda programmes at the May 2016 National Restaurant Association Show. This podcast discusses how changes in consumer preferences for foodservice and soft drinks is impacting the carbonates category in developed markets.
Korean beauty products are creating a boom in the beauty and personal care space, keeping up with current trends shaped by popular culture as well as meeting consumer needs on a practical level. In packaging, Korean beauty products are often more sophisticated - an example being the compact air cushion, which changed the way BB and CC cream is applied.
This year was the second annual Prime Day, and with the knowledge gained from last year, it is apparent that Amazon hopes to grow this into a shopper holiday to rival Black Friday or Single's Day. It still has a long way to go to get there but patterns are starting to be established. Listen in for a retrospective on what's new, what's familiar, and what still needs work if Amazon hopes to create a truly massive summer shopping event.
Households are becoming more connected in a digital sense than ever before. The natural progression cycle of technology means that every home has more opportunity to access services such as broadband, pay-TV and gaming networks with every single year. With tech becoming increasingly integral to household lifestyles, the household consumption economy is on its way to accelerating beyond the offline, retail market.
The home and garden market is one of the fastest growing markets within online sales in Sweden in both 2015 and at the beginning of 2016. This growth is due to a high performance of the category in general, but Swedish consumers often have larger packages delivered to their homes as well. One successful product that contributed to this growth was an online building planer launched by Byggmax. Using this tool, consumers can design building projects, obtain blueprints and take the project on themselves or hire Byggmax carpenters all through an internet-connected device. Home improvement is estimated to make up at least 8 percent of retailing internet sales at the end of the forecast period.
深入分析增速迅速的3个软饮料子市场，给您呈现近期出现的软饮料新品和包装更迭，最后会介绍一下比较成功的市场营销案例。探讨了水饮料受到消费者的青睐，咖啡饮品的新品推出和能量饮料的市场竞争格局。
In this episode of Viewpoints, Digital Consumer Manager Michelle Evans interviews Payoneer CEO Scott Galit. The New York-based company empowers global commerce by connecting businesses, professionals, countries and currencies with its cross-border payments platform. The two discuss the challenges of enabling cross-border commerce, trends in online marketplaces and the impact of the gig economy on its business.
The key challenge for the apparel industry following the Brexit vote is the cloud of uncertainty hanging over the economic conditions of both the UK and Europe. Fashion retailers are still waiting to see how the Brexit will effect them before price changes, but the cost of a weak British Pound will effect all retailers in the region. If Britian does end up leaving the EU, the prospect of custom duties and stricter controls between the UK and European countries creates concern for the fashion industry.
Retailers and payment companies continue to battle, but what about shoppers? Walmart’s tussle with Visa in Canada and Costco’s transition from American Express to Visa serve are the two most recent high-profile examples. Listen to Euromonitor’s Retailing and Consumer Finance analysts outline reasons for these conflicts and debate their potential effects.
As 2016 progresses and global instability and public debate about environmental protection continues, more younger consumers are keen on becoming "changemakers" and embracing social causes. From buying 'responsible' brands to pairing down consumption, these "changemakers" are having an impact on the economy, lifestyles and buying habits.
Consumer Foodservice outlets are launching 'mashup snacks' at a high rate - such as the recently launched "mac and cheetos" from Burger King. Foodservice operators are willing to do almost anything to get customer's attention, and are targeting the time outside of normal meal hours when launching these types of products. Additionally, operators are hoping to tap into existing customer bases by piggy-backing off of well-known brands. Finally, operators are still trying to fill a consumer demand evident by the success of the Doritos Locos Taco - one of the most successful fast food product launches of all time.
According to Euromonitor International data, small cooking appliances and food preparation devices are expected to grow robustly over the next five years. Manufacturers are using new technology in order to satisfy consumer demand; mini-versions of products being a prime example. SEB Group recently launched various sizes of its light fryers, targeting two-person households. Oster, Ninja and Vitamix have also launched various sizes of blenders, targeting active, on-the-go consumers. These current trends show manufacturers customizing appliances to fit growing demand from various lifestyles of different consumers.
Advances in IoT commerce are still in the developing stage but have significant potential for retailers and shoppers alike. The retailer that has a head start on IoT commerce is Amazon with its Dash and Echo device. Although shoppers have been slow to adopt IoT commerce habits, Amazon and others as well as key tech giants are continuing to invest in their respective programs. IoT commerce is projected to become increasingly integrated into the daily activities of shoppers and is likely where the future of retail is headed.
The digital landscape in Southeast Asia is vibrant as large countries such as India and China are almost always in focus, offering opportunities across the digital spectrum. The huge consumer base and younger population provide a fertile ground for web-based services, and thus technology companies continue to invest in the region. However, there are many remote regions in the area untouched by digital opportunities. For these areas, continued infrastructure development is key.
Businesses around the world are practicing ethical habits such as sustainability due to increasing pressure from consumer bases. In North America, beauty, personal care and apparel companies are enacting social and environmental plans as part of their core business strategies.
The computer and office machinery industry is maturing as desktops, laptops, tablets and printers are seeing their sales drop. The industry may be able to return to growth if a new perspective product is released, and 3D printers have the potential to bring the industry into positive sales again. Euromonitor forecasts the industry to grow at 5 percent over 2014-2020.
In this episode of Viewpoints, Senior Services & Payments Analyst Philip Benton interviews Fortumo CEO and Co-Founder Martin Koppel. Fortumo founded in Estonia, with five other offices worldwide, is a leading global provider of direct carrier billing. Fortumo payments cover 96 markets and connect merchants to subscribers of more than 350 mobile operators. The two discuss the evolution of direct carrier billing and how it is enabling digital companies to collect payment from the unbanked population as well as concerns over security when using this alternative payment method.
Corporate social responsibility is much more than a vanity project or cosmetic makeover. Major FMCG companies have numerous in-house initiatives to conduct responsible business and to adopt sustainable development, and in the future, more companies will have to adopt this trend to stay relevant.
Airline sales are expected to continue to be driven by healthy passenger traffic and rising demand for low cost carriers in Asia Pacific. With the aim to improve connectivity, distribution and convenience for customers, eight low cost carriers in the region, launched Value Alliance. The alliance will provide flights to more than 160 destinations with 174 aircrafts.
China is experiencing unique demographic conditions: a huge gender imbalance has been created by 40 years of its one-child policy, and there are now far more men than women. This demographic situation is troubling for China, as it has a direct impact on birth rates and consumption patterns. With a growing proportion of unmarried men, the number of single person households is rising rapidly. However, there are also positives, as dating services are booming and new markets being created.
Solving the last mile problem with online grocery is a high cost affair in the modern world. Thanks to the prevalence of free delivery, few people are willing to pay this cost. Partnerships are one way which retailers can help offset this cost. Listen to this podcast to hear examples of retailers that have minimized this cost by sharing it with branded supplier partners and while others have decided to contract it out to delivery experts.
Athleisure fashion is gaining popularity worldwide. This clothing style is designed to be worn for exercise and casual purposes. This fashion trend is being supported by consumer's aspiration to be healthy and more active lifestyles, and the trend overall has transitioned from fad to necessity in a very short time. In fact, in 2016, sportswear is expected to outpace overall apparel and footwear growth.
Western Europe is clearly the leader when comparing the built in segment in major appliances to the freestanding segment, holding the highest ratio at regional level. However, some of the trends that have historically promoted this behaviour are now being seen in younger markets, for example Latin America.
In 2016, Belgium’s Drylock Technologies announced its partnership with the US’s Parasol Company, a subscription-based marketer of baby diapers. Parasol diapers are positioned as premium eco-friendlier lifestyle diapers that combine style and performance. The partnership will provide Drylock’s fluffless technology with the footing in the US market, the second largest diaper market globally.
This week the Food and Drug Administration announced it would reconsider what is allowed to be labelled as “healthy.” The decision is a major step in the FDA catching up with what Americans already considered to be healthy. The change was prompted in large part by a Citizen’s Petition by Kind LLC, maker of popular fruit and nut bars, arguing that their product is worthy of the label despite being high in fat. The petition pointed out that regulatory guidelines prevented foods like nuts, avocados, olives, and salmon from containing the world “healthy” due to high fat content, while sugary cereals such as Kellogg’s Frosted Flakes and low-fat pop-tarts would be allowed to use the label “healthy” because they fit the FDA’s nutritional requirements. The FDA’s announcement to reconsider its definition of “healthy” has wide reaching implications: namely the increasing power of public opinion and the existing disconnect between the public’s perception of health and the government’s word.
Major soft drinks companies are releasing their first quarter earnings for 2016. For PepsiCo, most of its overall growth is being driven by its Frito Lay snack business and not so much in its carbonates. Coca-Cola is in the midst of a large restructuring of its distribution landscape, and its quite difficult to get an actual read on how the company itself is performing in terms of sales of soft drinks, but the company did report 2 percent revenue growth. At the time of recording, Dr. Pepper / Snapple had not yet released its results but Euromonitor states the company is not immune to the overall challenges of carbonates in North America but has done a fine job of making strides in investing in alternative, higher value beverage categories.
Apparel retailers have been a significant retail channel in the Scandinavian beauty and personal care market, particularly in Norway and Sweden. Through the years apparel retailers like H&M and Cubus have built extensive brand portfolios with both mass market brands and brands from leading fashion houses. Now, these retailers are moving into the beauty and personal care space. H&M, for example, released H&M Beauty with no less than 700 products in mid-2015, and other retailers such as Lindex and Ellos launched their own beauty lines as well. The impact of these retailers releasing beauty products will be notable, especially because these collections are usually affordable and will compete with existing beauty brands at low and mid-range prices. In order to stay competitive beauty specialist brands will need to differentiate themselves by highlighting multifunctional properties and advanced formulations.
The current economic situation in Latin America is stagnant. GDP is growing slowly and financial markets are unstable, Nevertheless, consumer in Latin America are empowered and demanding more from their products, Fast fashion companies understand this, and are bringing fashion forward products to Latin America without the high prices. In beauty, companies are not branding themselves as "premium", as consumers cannot afford premium prices. Therefore, companies are branding products with premium appearances without raising prices.
Urban environments made of apartments are the key to smart home markets - homes can easily connect to various services. This, paired with ease of internet access, makes a good environment for smart homes. Several countries are in a strong position to adopt this technology, including the Scandinavian countries of Sweden, Norway, and Finland.
Cold brew coffee is a method where coffee grounds are steeped in cold or room temperature water instead of hot water. The resulting drink is less acidic than regular coffee, and proponents say consumers can use less sweeteners as a result. Cold brew coffee ties into the rise of specialty coffee shops in the United States, as companies look to offer craft options to consumers.
When looking at away-from-home tissue products, developed markets do not offer much growth as many of the markets are already saturated. Manufacturers should be examining the growth of correlating industries to examine new areas for growth, especially in the consumer foodservice industry. Monitoring growth in the foodservice industry can give away-from-home tissue companies a better understanding of where consumers are spending their money and opportunities for away-from-home tissue products. In this podcast, Elizabeth Friend, Consumer Foodservice Strategy Analyst, explains how to use Euromonitor's consumer foodservice data to pinpoint growth markets for away-from-home tissue companies.
At its annual developer's conference, Facebook announced it would add Chat bots to its messenger app. These bots are designed to mimic human behaviour and some of them will be able to assist users with purchasing goods using the Facebook Messenger app. Retailers need to be aware that users cannot pay using a chat bot yet, although that functionality will likely be added soon. Currently, the bots function as search engines and are able to add interactivity but lack flexibility in regards to input. There is also the potential for bot overload - although the bots are user initiated for now, if chat bots take off, the possibility for as many bots as apps is very real, and sifting through them could become tiresome for users.
Emerging markets such as Thailand, the Philippines and Indonesia are among key targets for online grocery retailers, mainly due to their large populations. There are 200 million mobile subscribers in those countries alone, more than enough to justify the expansion of online grocery services. Happyfresh, one such service, recently expanded into the Philippines and currently targets homemakers and the younger generation. The key for Happyfresh is getting an order to a customer within one hour or less, which is a potential difficulty in the crowded streets of Manila.
Single people, or singletons as they are called, are single people who are living by themselves at home - a single person household. These households are growing faster than any other type of demographic, and therefore must be catered to by companies. Singletons tend to be very in-trend, and therefore pay attention to fashion, technology and lifestyle choices. However, singletons don't have combined spending power, and seek out certain budget items, such as food, in order to fulfill their lifestyles.
Euromonitor International recently launched new data for our Consumer Foodservice research database, and there are several key points emerging from the data. China is the fastest growing country for consumer foodservice in constant terms, with 9.5 percent growth in 2015. This reiterates China's importance to the overall consumer foodservice industry, with growth rates there only suffering compared to the country's own historical highs. The fastest growing growing foodservice category in value sales worldwide the same year was specialist coffee shops. This quickly-moving category shows how dining out culture is evolving, as more casual, limited service formats are on the rise.
In this episode of Viewpoints, Michelle Evans, Digital Consumer Manager at Euromonitor International interviews Bob Gilbreath Co-Founder and CEO at Ahalogy. Ahalogy is a Cincinnati, Ohio based social content and software-as-a-service company that builds content marketing tools to gain exposure for businesses on social network sites as a way to drive sales. Michelle and Bob discuss social network's role in driving individualized marketing and how companies can stand out using s-commerce to meet the needs of the digital consumer.
In the wake of Haier acquiring General Electric's appliance division, each company should look to respectively grow. Haier should focus on growing in areas where its premium brands would not be competitors. In fact, Haier has indicated it will bring GE brands over to China. GE should focus on Asia-Pacific and the Middle East and Africa, areas poised to grow in consumer appliances.
The Middle East, and the UAE especially, has been identified as the next big hot spot for personal accessories growth, especially luxury personal accessories. Luxury store openings in both Abu Dhabi and Dubai have been cemented by the establishment of luxury malls in the cities. This new target area is especially welcome after the decline in China for personal accessories.
The cocooning trend, where consumers stay home and consider domestic entertainment options, has been slowly gaining traction as consumers are saturated more and more with always-on internet and bigger and brighter entertainment options. The home is becoming less of a living space and more of an entertainment space. In short, consumers are finding less and less reasons to leave their home. Movies can be ordered via on-demand services and clothing can be purchased online. The cocooning trend is in part responsible for the household expenditure of US $400 billion that will be spend globally on household appliances by 2016.
Chinese appliance maker Midea recently purchased a majority share in Toshiba's home appliance division. Compared to other appliance leaders, Midea had already been collaborating with Toshiba since 1993, and the move fits in with Midea's overall corporate strategy. The acquisition gives Midea a foothold in western markets and overall global expansion, and the company will be ranked number one globally in consumer appliances after the deal is finalized.
Beer volume growth remains flat in developed markets, with Heineken an exception to this general trend. The company's two-pronged approach - premiumisation and Latin-inspired beers -helped appeal to the younger market and therefore gain sales. In fact, the premium offers of major companies helped counteract the impact from declining markets. Both Carlsberg and AB Inbev outperformed the market in China, a country which suffered noticeably this past year with a 6 percent decline.
Three new virtual reality headsets are set to enter the toys and games market in 2016, including the Occulus Rift, the HTC Vive, and the Playstation VR from Sony. Sony’s new headset is a winner is both price and the fact that users only need a Playstation and Playstation camera to use the device, but the Playstation hardware is not as fast as a brand new PC which may lead some users to experience motion sickness. All in all, its an exciting year for these new devices, which may be the next big thing in video gaming.
With the government's focus on providing cooking gas connections and electricity to rural households, low-priced electronics may see a bit of an uptick in India over the next two to four years. Real estate development is one of the main focuses of the Union budget this year, and many housing projects are expected to pop up over the next five years.
India's economy is facing challenges such as high public debt, weak private investment and struggling agriculture. In 2016's union budget, the government has made attempts to face these challenges, as it aims to reduce fiscal deficit and increase agricultural employment especially to rural areas. Finally, the relaxation of FDI restrictions will boost private investment. For businesses, the new budget will stabilize government spending and will spur economic growth in the future.
Domino's Pizza is at the forefront of mobile ordering in consumer foodservice, and the company recently announced that online orders in the UK reached nearly 80 percent of all delivery orders in the past year. Nearly half of those online orders were made using the company's mobile app. This is evidence that we have reached the tipping point in terms of mobile ordering in developed markets.
2015 marked a new record of mortgaged properties, and more than 20 percent of all homes in the world will be owned with the help of a mortgage in 2016. Consumers who have mortgages are likely to cut down on other aspects of spending. China, however, has seen its housing market slow down as developers flooded the market over the past 15 years. Supply is simply outweighing demand in housing in the country. Finally, 2016 marks a record number of households, reaching 1.4 billion.
Gender blurring is a rejection of gender stereotypes and saluting an androgynous lifestyle. This trend has manifested itself in many ways: Calvin Klein's gender-free fragrance CK2, the declassification of toys by Disney and Amazon, and even Playboy's toned-down issue in March 2016. This trend will continue to impact the media, consumer ideals, and industries in the near future.
Premium color cosmetics, men's grooming, multi-purpose products that offer convenience and natural ingredients will all play a large part in the Mexican beauty and person care industry in the years to come. Both international and Mexican brands are focusing on developing new products that offer multiple benefits for consumers, and although international categories dominate retail value sales of many products, Mexican brands are seeing higher growth than international brands.
The city of Hamburg, Germany recently banned coffee pods for use in all of its government buildings as part of a green initiative. Coffee pods are relativity large in Germany, with consumers there spending US $1.2 billion on coffee pods in 2015. Although the ban will not likely effect the overall coffee pods market, Hamburg is the first city to institute this type of ban and highlights an important trend: coffee pods are being seen as wasteful products. The possibility that other cities may follow suit is likely, especially so-called 'green cities'.
Luxury Goods in Asia Pacific have not fared well, suffering from weak economic stability. However, this has given a rise to affordable luxury goods in the country. These goods cater to consumers with lower spending power but who want to upgrade to luxury items. Large consumer markets, growing income levels, growing urban areas and a large middle class exist in many areas of Asia-Pacific and all help increase performance of affordable luxury goods.
Consumers are constantly expanding their soft drink consumption outside of carbonates. Ready-to-drinks tea, bottled water and juices are just as prevalent to consumers as soda. As a result, companies are increasingly expanding their product portfolios outside of traditional carbonates categories. Coca-Cola, for instance, acquired Culiangwang, manufacturers of a plant-based protein drink in China and Chi Limited, a juice manufacturer in Nigeria. These acquisitions are proof that companies not only need to expand their product portfolios, but also cater to local tastes and preferences.
Starbucks has recently made some changes to its rewards program and mobile app, called My Starbucks Rewards. These changes are indicative of a move that Starbucks may be trying to put its rewards app at the center of its consumers mobile commerce ecosystem. For instance, consumers can now use the app to pay at Starbucks as well as order their beverages ahead of time. Reportedly, 9 million weekly payments at Starbucks take place globally. Starbucks has also rolled out delivery options in its hometown of Seattle and has even partnered with ride-sharing company Lyft and music streaming service Spotify. These additions and changes to its loyalty program not only adds value to the already-successful app, but also may give consumers a reason to look at the app as the center of their mobile payments in the future.
Private label products are a lucrative market in Eastern Europe as many consumers switched to buying them during the economic recession and kept them a regular part of their shopping experience. Now, there is an increased number of premium private label brands entering the Eastern European market, posing an even larger threat to manufacturer brands. These premium private label products are closer in price to manufacturer brands, and manufacturers are being forced to think of new ways to continue fighting for space in consumer's shopping baskets.
The current move away from artificial colours and towards natural ones in packaged food is due to a trend in clean labeling, where consumers scrutinize ingredients, shunning products with ingredients that they are unfamiliar with or that are artificial. This trend has caused many packaged food manufacturers to rethink their ingredients, especially the use of natural colours. As more and more companies make the switch, larger, more established packaged food companies are under intense pressure to switch from artificial to natural colours. Mars, for instance, recently made an announcement that it would remove all artificial colours from their global product range, nearly a year after statements from Nestle and Hershey.
Cada vez más personas miran contenidos en sus notebooks, tablets y smartphones, y esto está afectando al mercado de televisores. En el año 2015 la mayoría de los países de Latinoamérica vieron una disminución en el volumen de venta de televisores. De acuerdo con Euromonitor International, el promedio anual de crecimiento de ventas de televisores entre 2006 y 2010 fue del 5% mientras que entre 2010 y 2015 fue de solo un 1%. Escucha este podcast para conocer más detalles sobre los factores impactando este mercado y lo que podemos esperar para el futuro.
В 2016 году на украинский кофейный рынок может повлиять договор о зоне свободной торговли между Украиной и Европейским Союзом, который предполагает снижение, а в некоторых случаях, полное обнуление таможенных пошлин. Это, вероятнее всего, приведет к обострению конкуренции между национальными и европейскими брендами. Однако, в то же время, многие украинцы сознательно покупают украинские товары, проявляя свой патриотизм. Еще одним немаловажным фактором является украинское эмбарго против России. Так как компании не смогут больше экспортировать кофе в Украину с России, возможны изменения в позициях основных игроков на рынке. Наконец, из-за роста популярности кофе молотого и в зернах и снижения доли растворимого, компаниям может понадобится пересмотреть их маркетинговые стратегии.
Consumers are demanding food from operators that are free from additives, and in the industry today its expected of operators to make an effort toward clean labeling. This action is widespread in the industry currently, but there will be a point where consumers will see chains that haven't taken steps towards clean labeling as inherently lower quality. Although there has been discussion in the industry about consumer's ideas versus industry action, the fact remains that consumers are demanding more from foodservice operators than ever before.
Fashion brands continue to seek new ways in which they can harness the power of social media. With connected consumers driving the so called "selfie-culture" yet hesitant to engage with their favorite companies and brands outside of "liking" a brand's Facebook or Twitter account, companies must expand outside of trending hashtags and create lucrative sales channels on social media. In 2016, consumers are slowly migrating purchases to social media. Emerging markets are ahead of the game, with start-ups like Grabble and Shopa pushing the boundaries of s-commerce. In markets like China and India, over 40 percent of consumers have made purchases through social media websites. In the future, the boundaries between m-commerce and s-commerce will blue even further as a new generation of shoppers born in the digital age enter the market.
Policy analysts estimate that between 500,000 and 1 million Americans will lose eligibility for participation in the Supplemental Nutrition Assistance Program (SNAP), formerly known as the Food Stamps Program, over the course of 2016. The prompt change in coverage for 2016 is due to federal implementation of a 1996 welfare law which limits childless, non-disabled Americans to three months of SNAP benefits within a 36 month period while unemployed. Food insecurity in the United States is a widespread problem, with over 15% of Americans (totaling 48 million people) in 2014 insecure at some point during the year. The January 2016 cut in SNAP benefits will surely have a detrimental effect on national rates of food security, and will deprive many Americans of nutritional assistance which they will not be able to afford were it not for SNAP.
McDonald's just released its fourth-quarter results, and the results are relatively positive considering what the industry was expecting. McDonald's is attributing these results to the all-day breakfast launch that came in October 2015. For the upcoming year, McDonald's will stick to its strategy of trimming back menu items, focusing on speed and efficiency and emphasizing value platforms. For now, solid evidence exists that the McDonald's turnaround is on the right track.
In January of 2016 Nippon Paper announced its plans to enter China’s diaper market as an original equipment manufacturer. Given China’s significant consumer base and consumer preference for quality Japanese diaper brands, the move is not without its merits. However, a number of factors need to be considered with respect to China’s future diaper demand. The change in one-child policy also comes amidst social and economic transformations that do not always work in favour of having more children. Moreover, as a latecomer into the marketplace, Nippon will be facing an intense competition from international and domestic players, with already well-established reputation.
Euromonitor recently released new data for soft drinks and the results are showing 2015 as the slowest year for global carbonates growth in all of our historic data set. Microeconomic factors are definitely to blame, but there is also a heightened global sense of health and wellness that is turning consumers away from carbonated drinks. As consumers look to lower their sugar and calorie intake and governments looking to tax these beverages, both emerging and developed markets will continue to see slow sales in carbonated soft drinks. Overall, however, soft drink sales are showing stable volume growth, boosted by sparkling water, enhanced water and other bottled water varieties.
Three key trends are impacting global hot drinks: premiumisation, growth in specialist coffee shops and tea boutiques, and a health positioning. In the podcast Euromonitor International’s Senior Beverages Analyst Virginia Lee discusses how growing consumer sophistication is leading to growth in handcrafted coffee tea drinks and premium teas in “third wave” coffee shops and tea specialists. She also discusses how coffee and malt-based hot drinks companies are now marketing health benefits to sell their products.
McDonald’s, facing increasing competition from fast-casual operators and changing consumer preferences, was able to post some positive results in the third quarter of 2014. The chain recently simplified its menu, lowering operating costs and catering to the specialist trend in fast food. Now that the chain has simplified the menu, focusing on the quality and taste of the remaining items is key. In fact, McDonald’s took consumer feedback about its Egg McMuffin and changed the product last year, going back to the original recipe. Although results are positive for now, the chain still has a long road to go to restore faith in the brand in the US, abroad and to simplify operations at the outlet level.
The crisis in the Ukraine is still negatively impacting the apparel and footwear market in the country. Since 2014, over 30 international brands have left the country, including MEXX, Espirit and Lee Cooper. However, Ukrainian consumers are turning to locally-made apparel and footwear as a wave of patriotism sweeps over the nation. The 2014 elections were the catalyst for this national pride, and since then many talented Ukrainian designers launched production of modern, fashionable apparel with many different price points. Pop-up shops, showrooms and fashion fairs have highlighted these items and word as spread on social media. Despite the push, the Ukrainian-made apparel and footwear market is relatively small, but is expected to grow by a CAGR of 2 percent during the next five years.
Skandinavia er på verdenstoppen når det gjelder forbruk av saft, med en sterkere vekst i sukkerfri saft enn i de fleste andre markeder. I Norge er det spesielt to merker som driver veksten i retning av sukkerfri saft; Fun Light og ZerOH!. Med en solid posisjonering rettet mot unge kvinner, en voksende demografisk gruppe i Norge, har disse merkene hatt betydelig vekst de siste årene.
В подкасте говориться о том, какие изменения происходят в Белорусской продовольственной рознице в 2015 году. А также, о том, как местные компании реагируют на развитие онлайн формата.
The economic slowdown in Brazil directly effected the retailing industry in Brazil. Grocery retailers are currently feeling the effects of this slowdown. However, three particular channels are showing the most promise: warehouse clubs, convenience stores and internet retailing. These channels cater to convenience, which is something that Brazilian consumers aren't interested in forgoing despite weakening consumer confidence. While non-grocery retailers continue to under-perform, these three grocery channels are expected to remain steady in the near future.
The recession in Finland means that people there are less likely to pay for entertainment or education, and museum visits are stagnating as a result. However, the Finnish Museums Association is looking to attract more visitors with the launch of the Museum Card. The card costs 54 euros, is valid for one year from the first use, and gets the card holder into over 200 different museums in Finland. The card is based on a similar, successful card launched in the Netherlands more than 30 years ago. Although income from entrance fees only accounts for a minor part of a museum's total income, the importance of getting visitors through the front doors cannot be understated as visitors generate buzz and legitimize institutions. So far, the card has succeed in making museums more glamorous to consumers, therefore it will likely be an even bigger success in the years ahead.
Scandinavian countries rank among the biggest consumers of liquid concentrates in the world, with two brands driving growth towards reduced-sugar concentrates. The brands - Fun Light and ZerOH! are owned by Norwegian companies Orkla Foods and Lerum, respectively. These brands are targeting different consumer groups than competitors; going after young; health-conscious women concerned about cutting down their sugar intakes. Much to the benefit of these brands, the population of young women in Norway is growing as well, with an increase of 10 percent since 2009. The success of these brands may indicate untapped potential in other countries where the same demographic could be targeted more effectively.
The online video streaming market is growing in several different ways. Video on-demand is the largest market, with companies like Netflix and Amazon pioneering these services. Live event streaming is also another prominent service, with music subscription services such as Spotify and even YouTube investing in streaming live concerts. Live sporting events are also prominently streamed, with Facebook streaming such events as football and boxing. Online channels are another example of the growing video market, with YouTube channels leading the way. Finally, a smaller but still important market is video game streaming, with websites such as Twitch leading the way.
In 2015, the food market in Belarus rapidly developed, changing from traditional brick and mortar stores to online retailing. Payment cards are being widely used in the country, and with cards comes the ease of online payments. Increasing penetration of mobile internet subscriptions also paved the way for this development. So far, Euroopt is the only company in Belarus providing internet food retail services, but the company has expanded into Russia where loyalty to Belarusian food products is historic. Euroopt has made a major breakthrough for other companies looking to expand in online food retail.
Brand owners are increasingly trying to enhance the experience for end consumers, and a number of different products have launched with ties to fashion, drinks, beauty and even foods that seek to achieve this. For instance, bottled water brand Evian is getting a brand revamp courtesy of New York designer Alexander Wang, and liquor brand Disaronno has partnered with Italian designer Roberto Cavalli. In food categories, confectionery brand Kit-Kat has launched a luxury version of its candy bar wrapped in a gold leaf that costs US $16. Personalisation is another way to enhance the end experience, and holiday gifts are popular items to personalise. British brand Burberry has a dedicated holiday gift page with a link to products that can be monogrammed through their online platform, and Le Labo fragrances are mixing personalised scents this year.
US-based fast casual operator Chipotle is under fire for food safety concerns as of late following outbreaks of E. Coli and norovirus linked to tainted food. Food safety scares usually follow a predictable pattern, but Chipotle has yet to identify exactly how and why their food supply was tainted. Its entirely possible that Chipotle has become too large to support its commitment to local sourcing and a fragmented supply chain. The company has built its entire identity around being ethical and healthy which is all the more reason the outbreaks may have larger effects on the business. In fact, Chipotle may have identified a weakness in its own business model - what consumers want in a fast-casual restaurant is incredibly difficult to achieve, and the chain may well have reached the point where they can no longer be both the biggest and safest and most local.
Sports drinks along with the wider hydration market are trending towards all-natural ingredients. Currently, this trend can be seen in coconut water, maple water, birch water and other plant waters. One trend coming to the forefront of this market is taking elements of products that are traditionally marketed towards performance athletes and marketing them towards the everyday consumer. As exercise habits continue to become more regimented, sports drinks and sports nutrition will become more mainstream. In these products, functionality is key, and all-natural products are on the rise. In the future, an emphasis on natural ingredient and open labels will be key for both sports nutrition items and sports drinks.
Brazil continues to be effected by the economic recession, however the category of food intolerance has increased in terms of sales and number of products launched. Food intolerance products are still considered niche in Brazil but are gaining popularity, with innovations in lactose-free yoghurt, cheese and other dairy products leading the way. Dairy manufacturers rely on this innovation to draw attention away from competition while simultaneously distributing to previously untouched rural areas. In the future, food intolerance manufacturers will have to educate consumers about the clear benefits of their products to remain competitive in Brazil.
Challenges abound for the tourism industry in Africa, with the effects of Ebola and national security still plaguing some countries. That being said, there are positive trends coming from the region. Improved travel websites, booking sites and online travel agencies are all a result of improved internet infrastructure and mobile phone penetration in the country. Many countries are also looking to diversify their travel offerings with new hotels, and airline routes are also increasing in the region. Many countries, however, have a long way to go in fully realizing the potential of domestic travel, as many locals see travel as something for the rich or foreigners. Despite this, government and industry players are changing strategies in order to cater to local travelers, although it will most likely be a slow battle.
B2B services that cater to institutional channels are will continue to consolidate in 2016, both in terms of supply-chain rationalization and simply providing a full suite of professional services. This consolidation is born out of price cutting measures - multinational companies can obviously compete on price due to their scale, and in some cases these companies have become vertically integrated to help cut prices as well. Local players may very well be consolidated into larger companies in the institutional channels space, or squeezed out of the market altogether.
On December 7th, 2015, GE announced that it terminated the agreement to sell its appliances division to Electrolux due to objections from the US Justice Department. LG, Samsung and Arçelik all expressed interest in the appliances division back in 2014, so GE may attempt to court one of these potential buyers. Arçelik could be the favorite, as it doesn't have a large foothold in North America and is least likely to attract attention from the Justice Department. Meanwhile, Electrolux may focus more on emerging markets as it only sold 12 percent of its appliances in Asia Pacific and the Middle East.
Over 2009 to 2014, the European telecommunications industry was the only region in the world that did not grow, meaning the area is badly in need of some reforms. Severe fragmentation plagues the industry in Europe as each European country has typically 3 to 4 companies. Tie this in with inconsistent regulation, and generally each telecom environment vastly varies by region. Consolidation is a key trend to follow in the industry at the moment, but only happens inside of each country's borders. Legislation changes are needed in order to approve larger M&A in the telecoms industry in Europe. It may take some time, but the efforts are visible for a unified telecommunications space in Europe.
Incepand cu 1 iunie 2015, valoarea TVA a fost redusa in Romania de la 24% la 9% pentru toate produsele alimentare, bauturile non-alcoolice, serviciile de alimentatie publica si berea la halba. Dupa scaderea TVA, consumul local a inregistrat o consolidare, preturile mai mici lasand in buzunarele cumparatorilor mai multi bani care au fost cheltuiti pe cantitati mai mari de alimente si alte produse. Comertul local per ansamblu a beneficiat si de modificarea preferintelor cumparatorilor maghiari care au inceput sa vada Romania ca destinatie pentru cumparaturi alimentare. Desi impactul pozitiv al reducerii TVA este usor de identificat in cazul magazinelor specializate in comercializarea de alimente, vanzarile magazinelor cu focus nealimentar nu au beneficiat de efectele modificarii.
Like many other tissue and hygiene companies, SCA is facing an increasingly challenging and complex marketplace. In order to remain competitive, SCA is perusing different strategies including mergers, acquisitions and portfolio realignment. In China, SCA's relationship with Vinda continues to grow, allowing for SCA to expand into rural areas and smaller towns. In November 2015, SCA announced it will expand further with Vinda into Southeast Asia, Taiwan and South Korea. In North America, SCA acquired Wausau Paper which will put SCA ahead of Kimberly-Clark in the away-from-home market. This provides SCA with a more cost-efficient way to achieve market expansion in North America, which is the largest away-from-home tissue market in the world.
On June 1, the VAT was decreased in Romania for all food products, non-alcoholic drinks, foodservice and draught beer. After the VAT was decreased, domestic consumption consolidated, and lower retail prices left more money in consumer's pockets that was spent on higher quantities of food and other products. Romania's overall economy also benefited, as Hungarians continue to come into Romania for food shopping. Although the positive impact of the VAT decrease is easy to see in grocery retailers, non-grocery retailers have not yet benefited from it.
In mid-November 2015, the FDA in the United States approved the first genetically modified animal for human consumption when a genetically modified salmon achieved regulatory status. The announcement was met with an almost immediate uproar from opponents of genetic modification. In America, genetic modification is generally concentrated within the realm of cash crops such as soybeans, corn, canola and cotton seeds. The case of salmon, however, marks a departure from the issues generally surrounding this debate, although the lasting impact of this regulation may not be lasting. Aquabounty, the company responsible for the salmon, is relatively small and cannot easily sell its technology to other producers due to constraints in the industry.
Spotřeba sladkých a slaných snacků v České republice zaostává za západoevropským průměrem, z toho důvodu lze říci, že kategorie snacků má na českém trhu růstový potenciál. Přestože obsah tuků, kalorií či soli zůstane vysoký, snacky mohou být vnímány jako zdravější potravina a to z důvodu zlepšení kvality výrobního procesu nebo ingrediencí. Je to tedy vyšší kvalita a marketing zdravější či přidané hodnoty, jenž budou stimulovat poptávku českých spotřebitelů. Druhým vysledovaným trendem je uvední nových a exotických chutí. Stále více českých zákazníků cestuje a objevuje nejrůznější chutě po celém světě. Jako poslední růstový potenciál je spatřen ve velikosti balení. V důsledku uspěchaného životního stylu spotřebitelé hledají způsob, jak efektivně a rychle nakrmit sebe a své blízké.
China has been gradually growing into a mobile retail powerhouse due to its massive population and the growing affordability of smartphones. The country has led the world in mobile subscriptions for some time now, and in 2011 China overtook the US in smartphone sales by units. Naturally, the value of the mobile retailing space in China is now the largest in the world. Many of the world's top internet retailers are now interested in the country, including Amazon - which is already in China - and eBay, for instance. In fact, the mobile market in China has not even reached maturity as many mobile subscribers don't yet have internet access on their handsets.
The e-commerce landscape in emerging Asia is extremely dynamic. The young, tech-savvy population, growing disposable income and wider internet connectivity make the region extremely attractive for any online retail business. The tech start-up scene has undergone many changes in the region, helped by a burgeoning entrepreneurial spirit and the availability of venture capital. In some markets, local online retailers dominate and global players such as Amazon and eBay have made little headway. Despite these advances, local players still face some key challenges, including online shopping being a largely urban phenomenon and a disparity in mobile internet penetration.
Sweet and savory snacks consumption is generally low in the Czech Republic when compared by Western European standards, therefore, there is potential for growth for this category in the country. Health awareness in the Czech Republic is impacting consumption of snacks that are high in fat, calories and salt, so an introduction of healthier snacks could grow the category. There is also a potential to launch new and exotic snack flavors as more consumers in the Czech Republic are travelling and acquiring new tastes. Lastly, smaller, functional pack sizes can be introduced in the country as consumers there are looking for easier, faster ways to feed themselves and their families.
In this edition of the commodities roundup, An Hodgson discusses the global energy market, metals and soft commodities. Energy Market Energy prices rose for the first time in five months in October, driven by high crude oil prices. On the other hand, natural gas and coal continue to decline in price in October. Oil prices will likely continue to rise, as the possibility of an increase Western military presence in the Middle East is almost assured in the wake of the recent terrorist attacks in Paris. Metal Market The price of metals decreased in October, reversing gains recorded in September. Iron ore prices fell the most, due to an increase in production from major iron ore producers and weak demand from Chinese steel mills. Aluminium prices also dropped, hitting a six-year low. Soft Commodities Food prices decreased in October, recording a now three-month decline because of short price decreases of meat and seafood. Beverage prices, however, rose as high prices of coffee and tea more than offset a decline in cocoa.
Omni-Channel shopping is a key word in the fashion and retailing industries, meaning that consumers no longer use a single channel to shop. Rather, consumers are likely to open a web browser to look at an item, visit a store to see it in person, and then may end up purchasing that same item on their mobile phones. Therefore, brands and retailers are increasingly investing in digital strategies in order to create touch points with consumers along their buying process. Two trends that have emerged from omni-channel shopping are showrooming and webrooming. Webrooming refers to the research of products online and then buying that product in the store, while showrooming refers to the research of products in the store and the purchase of those products online. One tactic that the fashion industry is adopting is the opening of showroom stores, which are small selling spaces with limited product selection where consumers can examine products before purchasing online.
Black Friday, the shopping day in the US after Thanksgiving, conjures up images of doorbuster deals and packed stores. In this podcast, Euromonitor explains this year's Black Friday strategies from three different perspectives: retailing, toys and games and apparel and accessories. Retailing This year, many retailers chose to release their Black Friday deals early in an effort to make things simpler for consumers. Wal-Mart, for instance, are pushing back on doorbuster deals, choosing instead to spread out deals in the entirety of the shopping season. Some retailers will not even open on Black Friday, including REI, which is encouraging consumers to go enjoy time outside with friends and family. Toys and Games Shopping for toys and games tends to always pick up during Black Friday in the US as companies encourage parents to do all their holiday shopping during this day. Video games will be steeply discounted across both hardware and software, with both Xbox One and Playstation 4 being aggressively discounted. Toys to life products will also be big this season, with lines such as Disney Infinity, Lego Dimensions and Skylanders Giants all expected to perform well. Apparel and Accessories Apparel and accessories are two massively discounted items each Black Friday. This year, department stores such as Macy's and JC Penny have already released their Black Friday ads, while apparel retailers such as Express and Gap have already started offering Black Friday type discounts. These discounts may actually be steeper this year as many retailers have a surplus of unsold inventory.
Euromonitor International and Nation’s Restaurant News identified the top 25 international foodservice operators outside North America. This list is based on system-wide sales, corporate revenue, unit metrics and market share statistics. The importance of Japanese companies in this list is striking, especially considering that three of the top 25 are Japanese convenience store chains: 7-Eleven, Lawson and Family Mart. These companies will continue to expand across the globe, especially in southeast Asia and China. One of the most interesting chains from the list is Jollibee, which is consciously gone after McDonalds, looking to mimic some of McDonald's strategies while advertising itself as a Filipino chain first and foremost.
Economic conditions in different world regions and countries will impact how consumers spend their money this holiday season. Consumers in North America, Europe and some part of the Asia-Pacific region are approaching this holiday season with a more positive outlook than consumers in Latin America. As the holiday buying season becomes continually stretched, online shopping records will most likely be broken. However, at the same time, there are interesting counter-trends as many consumers look to protect their enjoyment of seasonal holiday shopping.
Несколько новых международных ритейлеров планируют в скором времени выйти на рынок Казахстана, в том числе Auchan и Carrefour. Значительный приток иностранных инвестиций в Казахстан и политическая стабильность привлекают внимание крупных международных компаний. На данный момент рынок современной розничной торговли в Казахстане не насыщен и появление новых игроков положительно скажется на розничной торговли в целом, так как усиление конкуренции на рынке будет стимулировать компаний больше инвестировать в маркетинг и инновации.
The Kroger Company announced its intention to acquire Roundy's, a grocery retailer operating in Wisconsin and Illinois in the US. Kroger is the industry leader in supermarkets in the US with a 22.2% market share and is seeking continued growth through various strategies, one of which is mergers and acquisitions. The company purchased Harris Teeter in 2013 and by acquiring the Roundy's brand will overtake 150 supermarkets in the Illinois and Wisconsin area. The move is indicative of current consolidation trends in the US grocery market such as Albertsons and Safeway, Delhaize and Ahold and Kroger and Harris Teeter. With such intense competition in the US grocery market, mergers and acquisitions will likely continue.
Weight management generated an impressive US$13.7 billion in retail value sales in 2015. Although not as large as some other OTC categories, weight management is growing into a mainstream category in a number of countries, especially developing markets, where overweight and obesity rates are growing exponentially. In the future, sales in the weight management category will continue to grow with meal replacement slimming products leading the pack. Through 2020, the category is expected to push retail sales of US$16 billion.
Australian consumers are eager to keep up with the latest video game hardware and software trends, spending US$3.1 Billion on toys and games in 2014. The upcoming launch of the Alienware Steam Machine in Australia will likely provide some competition for Sony and Microsoft in the region. This new breed of static video game console will play a gradual but positive impact on hardware and software in the digital gaming market. Internet speed in Australia, however, remains an inhibitor of digital gaming. At current speeds, downloading games does take a significant time from any digital online gaming store.
Several multinational grocery retailers plan to enter the Kazakhstan market in the near future, including French grocery retailers Auchan and Carrefour. Kazakhstan is enjoying an inflow of foreign direct investment and political stability, which is leading to multinational retailers eyeing the country. The retailing market in Kazakhstan is not yet saturated, and in general the entrance of multinational players will have a positive effect on the development of modern grocery retailing as increased competition will stimulate existing companies to invest more in marketing and innovation.
Germany has bucked the trend of shifting manufacturing work to emerging economies like many of its developed counterparts. This is due to the fact that manufacturing work in Germany is highly technical and requires a skilled workforce,making the work difficult to transfer to low-skilled emerging markets: aerospace, automotive and quality electronics are among the main types of products made in the country. Developing markets are now seeking to cushion the transfer of jobs to emerging countries by emulating Germany's focused on high-end and skilled manufacturing. Both the UK and USA are attempting to rejuvenate their manufacturing sectors.
Falling oil prices, economic sanctions and the weakening ruble have all taken their toll on Russian's financial industry, causing profits in this sector to shrink by a staggering US$ 12 billion in 2014. While the largest banks are reeving financial support from the Central Bank, a number of smaller banks were forced to merge or terminate their operations completely. Unfortunately, Russia's economy is projected to remain sluggish over the coming years, and the level of bad loans is expected to increase. As a result, foreign banks are expected to look elsewhere for profitable markets.
This podcast covers the commodities market for the month of September. Decreased oil production in September of 2015 led to rising crude oil prices, but energy prices remain subdued for the month. Metal prices rose for the first time in four months because of higher prices of aluminum, copper and iron ore. In soft commodities, food and beverage prices both fell and agricultural inched up slightly.
Smart Cars, which are vehicles with high-speed, broadband internet connection and digital add-on features, are being regarded as the next frontier in consumer entertainment. With consumers moving away from their living rooms for entertainment, cars are becoming more connected - some new car models even have free mobile internet as an option. The issue with smart cars so far is that the automotive manufacturing cycle takes so long that by the time a car hits the market, it is already out of touch with technology. Regardless, the next wave of smart cars is coming, but it will take a bit longer for technological marvels such as the self-driving car to catch on.
The watch market has undergone a change in recent years, successfully transforming from a necessity to a fashion item marked by social status and individuality. Smart watches, which have recently come into the market, will not yet make an impact in the market – especially on watches in the high-priced range. In fact, many traditional watch companies are starting to manufacture their own smart watches to offset any sales lost to consumer electronics companies.
On October 26, 2015, the World Health Organization concluded that eating processed red meats such as ham, bacon and sausages and highly processed meats such as hot dogs raises the risk of colon cancer. The research unit now classifies processed meats as "carcinogenic to humans". Overall red meat consumption in America has been falling for decades although meat consumption in America overall has stayed relatively the same since the 1970s. However due to new diets and lifestyles, Americans are scrutinizing what they consumer now more than ever. Combined with this scrutiny, the WHO's announcement will likely result in a continuing, if slight decline in retail volume of processed red meat.
Euromonitor International recently updated its retailing data and uncovered several trends in its research. Increased penetration of mobile internet has led to an evolution of internet retailing. In developed countries, a growing familiarity with mobile devices is creating a welcoming environment for mobile shopping, and in emerging markets, some countries are skipping wired networks altogether for wireless capabilities - leading to faster mobile adoption and therefore mobile retailing. Apparel and footwear is now the largest category for internet retailing globally as there is a greater trust in buying products online.
The e-commerce market continues to grow, driven by increased global digital access. Both fixed and mobile internet penetration are rising rapidly, especially in emerging markets. In markets where e-commerce is relatively new, consumers are starting to understand the value, cost savings and speed of purchase available to them.
Omnichannel shopping, a term used to describe consumers shopping between a number of different devices and channels, is impacting shopping trends in a number of ways. Although mobile devices are part of the daily lives of many consumers, buying products on a mobile device is still limited, but is set to grow in the next few years. However, the integration of mobile technology into the shopping process goes beyond simply letting shoppers purchase items on their mobile devices. Hyperconnected consumers are interested in mobile features that they can quickly turn to while shopping, such as tracking past purchases, connecting with a loyalty rewards program or checking a store's inventory before visiting.
It's no secret that consumers habits, tastes and preferences change over time. And consumer foodservice trends have changed with those preferences throughout the years. Domino's pizza is responding to several consumer preferences in their recipe redesign, social media campaigns and franchising strategy.
Omnichannel shopping, a term used to describe consumers shopping between a number of different devices and channels, is impacting shopping trends in a number of ways. According to Euromonitor's survey results, many consumers are comfortable with completing all steps of the shopping process online, without ever seeing the product in person. One area where consumers are likely to blur the lines between physical and online retailers, however, is in showrooming. Showrooming occurs when a consumer visits a store to see and test a product and then purchases the product online. This presents a problem to brick and mortar stores who are losing out on sales to digital retailers.
Labour market flexibility or rigidity refers to employment issues such as staff wages, the ease of which companies can hire and fire employees, length of probation periods and power of unions. Flexible labour markets are characterised by things such as low minimum wage and laws that don't impede the hiring or termination of employees. These flexible markets, which favour worker's rights can lead to lower unemployment and higher labor productivity. Overall, a balance should be struck between employee and employer rights to maintain a healthy economy.
Omnichannel shopping, a term used to describe consumers shopping between a number of different devices and channels, is impacting shopping trends in a number of ways. According to Euromonitor's survey results, consumers are turning to the internet to research products even if they end up purchasing products in stores. Brick and mortar stores should ensure that customers have a seamless experience between digital and physical stores.
According to the recently released Global Startup Ecosystem Ranking 2015by Compass, the list of cities ideal for startups is dominated by North American and European cities. However, a few emerging cities cracked the list, including Sao Paulo, Moscow, and Bangalore. These cities share common traits, including well-educated, talented populations, the spread of technology and high value-added industries.
The trend of natural and organic products is creating quite a buzz in the fashion and beauty scene and has been for some time. However in emerging markets such as India, pricing remains an issue as players in these markets look to target the emerging middle class. Branding, therefore, plays an important role, and in India, spokespeople for these natural products include Bollywood stars. Although mass brands continue to dominate the beauty care market in India, premium brands are growing faster from a smaller base.
Eatsa is a new restaurant concept out of San Francisco that harkens back to the days of automats. Food is ordered through iPads in store or through an app and delivered via a cubbyhole in the restaurant's wall. Eatsa can be seen as a natural progression of trends in the US foodservice industry - technological advancements, convenience and novelty, to name a few. Consumers in the US want food fast but don’t want to sacrifice quality, and operators should look to innovate as the line between customer service and technology doesn’t exist anymore.
August was another volatile month for commodities, with falling prices for oil, metal and agricultural prices. These falling prices are good news for consumers as it boosts their purchasing power and household disposable income, but as commodity prices continue to slide, deflation may follow.
One year has passed since Alibaba's IPO offering went public on the New York Stock Exchange, and the company has challenges to overcome. Although the company hasn't performed particularly poorly, it has plenty of competition from other retailers such as JD.com and has come under pressure for its poor transition to mobile computing. Despite these challenges, Alibaba is still predicted to perform well in the future.
Drones are transforming the way the world does business today by assisting national weather service management, assisting in disaster relief and shipping goods and services. However, legislature is weak for drones in many countries, and many drone operators are simply hobbyists, meaning they have no formal training in drone flight operations. Despite these legal challenges, however, drones are creating traction in most markets.
Renaming its parents company to Alphabet is a way for Google to consolidate its growing range of activities into a new structure. As tech giants expand into new territories, branding becomes more important. In Google's case, the rename allows the company to create even more spin off brands, the names of which would be more well known in their specific segments.
Retailing in Australia experienced positive growth in 2014, despite fluctuations in consumer confidence and spending habits. In New Zealand, employment is on the rise and consumer confidence is up, but those factors aren't translating into a boost for retailers.
In July 2015, global prices of energy and metal commodities plummeted over the previous month. This reflected a sentiment of uncertainties in the global economic outlook, slowing demand from major economies, particularly China and Japan, amid excess supplies. The volatile environment in commodity prices is expected to persist for the remainder of the year. Listen to the podcast to get the full picture of the global commodity market in July 2015.
Korean culture and foodservice is gaining massive familiarity in China, boosted by the success of television shows such as “My Love from the Stars” and “The Heirs”. These shows, which are especially popular with young Chinese women, are sparking a new interest in Korean culture and creating a surge in Korean foodservice chains in China. In fact, some popular Korean television shows frequently film at coffee shops that have Chinese locations, fuelling demand. In the future, Korean foodservice and Korean-inspired menus will continue to perform well, but Chinese consumers are constantly seeking new experiences from different countries, so opportunities are wide open in the country.
Global fast fashion brands and luxury powerhouses are attracted to the Australian market, looking to do business in a stable economy with healthy inbound tourism. While some companies are building brick and mortar stores in the country, others are choosing an online store approach. More conservative brands are only shipping to Australia as a way to test the market. However, flagship and concept stores remain a vital entry point into the country due to their prominent location and branding – despite high costs.
«Сделано в Казахстане» - это успешно проведенная республиканская акция, нацеленная на рост осведомлённости потребителей об отечественных продуктах питания. Желая поддержать национальную экономику, покупатели стали все больше обращать внимание на продукты, которые производятся отечественными компаниями и были подвержены жесткой ценовой конкуренции со стороны российских аналогов. Усилив информированность покупателей о локальных брендах, акция все же оставляет отечественным производителям непростую задачу по улучшению качества продукции и ее эффективного продвижения.
Neiman Marcus recently filed for an IPO, saying that all net income will be used to pay down debt and for operations and expansion. Speculation is that Neiman Marcus may be on the verge of building an omni-channel luxury retailer and expanding overseas, two things the company may have to do to survive. Neiman Marcus is also investing in technology, giving phones to employees to use as sales tools and investing in infrastructure.
"Made in Kazakhstan" is a government campaign to raise awareness of local foods and goods and is considered a success. By focusing on national pride and the desire to support the economy, many brands that were impacted by the devaluation of the Russian ruble continue to see strong sales. However, while the campaign gave these brands exposure, it will be up to each individual brand to maintain awareness and quality.
SodaStream revealed in a recent investor call that sales were down by almost 40 percent. The company is in the midst of switching its marketing campaign from focusing on its environmentally friendly properties to the fact that its machines can carbonate water. The hope is that by plugging into consumer’s desire to drink more water, the company can recapture lost sales.
Koivunmahlavettä – koivusta uutettua nestettä, on nautittu Itä-Euroopassa ja Pohjoismaissa jo vuosikymmenten ajan, mutta vasta hiljattain terveysammattilaiset julistivat koivunmahlaveden seuraavaksi ihmetuotteeksi. Koivunmahlavesi, joka kemialliselta koostumukseltaan on verrattavissa kookosveteen, on vähäkalorinen ja sisältää runsaasti vitamiineja ja mineraaleja. Sen suosion kasvua saattavat kuitenkin hidastaa kallis tuotantoprosessi ja lyhyt säilytysaika. Tästä huolimatta koivunmahlavesituotteet voivat kasvattaa markkina-arvoaan, mikäli tuotteita pystytään markkinoimaan riittävästi.
Birch water, which is extracted from the liquid absored by birch trees, has been consumed by Eastern European and Nordic countries for decades and recently discovered by health enthusiasts who claim it as the next 'miricle product'. Similar in chemical makeup to coconut water, the drink is low in calores and cotains essential vitamins and minerals. However the extraction process is tedious and the shelf life is short. If marketed correctly, birch water could go head to head with coconut water.
In the past five years, restaurants have moved into the online space faster than originally expected due to technological saturation. Food delivery is growing exponentially and restaurants that wouldn’t normally offer delivery options can now make use of independent contractors who own their own vehicles. There are even restaurants opening with no physical storefront - the menu appears online only with food being ordered via an app or website and delivered directly to the consumer. In developed countries, having food prepared for consumers immediately is no longer for fast food chains, and we’ll see more of these online ventures moving forward.
Arcus Wine Brands in Norway is releasing several new wines that are specifically labelled "low in tannins" and "low in histamines" for consumers that suffer from red wine headaches. Communicating reduced histamines and tannins directly to the consumer is not required by EU law, thus this educational approach is a novel idea that may spread outside of Norway in the near future.
“Brew” is a new concept currently undergoing crowd funding in England that could potentially change the way consumers drink tea. Although tea is heavily consumed in the country, much of that consumption is done in-home with tea bags. Brew aims to create a pub-like environment that puts the tea front and center, looking at new methods to brew loose-leaf tea.
On a recent conference call, SCA Group announced its intention to exit the diaper market in Brazil. The move seems well judged, as the company can now focus solely on the adult incontinence products – the fastest growing category in disposable hygiene products in Brazil.
PepsiCo recently released its earnings report, showing a massive strength in its snack food brands but a difficult second quarter performance for its beverages brands. Coca-Cola, on the other hand, will release its earnings report this week and does not have a snack foods brand to fall back on if weak performance arises. However, Coke has both a stronger market share and bigger business for its beverages brands.
Super premium foodservice operators, which include coffee shops and bakery cafes, are expanding internationally and looking to Japan to take that first step. Many of these operators are creating an artisanal spin on concepts that are tried and true, and Japan is a natural step in their business plans. The country has been offering expertly crafted food and beverages at low prices for years, including noodle shops, bars, and other traditional formats. This makes premium concepts an easier sell for consumers in the country.
Once only considered for its natural resources, Africa has become an economic driver since the global financial crisis. Sub-Saharan Africa is home to a young and growing population, a vibrant consumer market, and an increasing mobile connected population. Companies considering expansion to Sub-Saharan Africa need to be mindful of distribution challenges, the evolving African market and the lower discretionary income of the average African consumer.
Amazon's "Prime Day" on July 15 will feature unprecedented deals throughout the site for Prime members and will aim to showcase Amazon Prime's ancillary features as well as maintaining and growing its customer base. With competitor sites such as Jet.com, Wal-Mart's ShippingPass and eBay's eBay+ launching later this year - all with cheaper membership fees - Prime Day could be seen as a defensive act. Amazon gets more members and convinces current subscribers not to jump to ship.
Cigarettes volume sales in India recorded a faster decline in 2014 as compared to 2013. The faster volume decline is likely to continue over the forecast period 2015-2019 as well. While the sharper decline was triggered by the two consecutive excise duty hikes in 2014, the Indian government continues to contemplate on implementing stricter measures including the ban sale of loose cigarettes.
With Greece voting “no” on July 5th, Greece now defaults on all of its debt. Although the Greek government states that the vote strengthens its position to bargain with the rest of the Eurozone, the Germans are unlikely to make further concessions. In order to keep funding their government, Greece may have to reintroduce the Drachma or some form of I.O.U.’s.
Recientemente, Amazon lanzó la versión completa de su tienda en México, lo que ha generado mucha expectativa. El retailer online ya contaba con una versión limitada de su tienda en el país pero ahora entra a irrumpir en el mercado ofreciendo su gama completa de productos. En este podcast, Ingrid Belmont, analista de investigación en Euromonitor International discute cuál será el impacto de la entrada de este gigante frente al panorama actual de Retail por internet en México, así como lo que podemos esperar para el futuro próximo.
Online influencers, whether popular vloggers or celebrities touting lifestyle brands, have massive impact on like-minded consumers buying habits. These influencers and their audience are digital natives who have no qualms using the internet to buy products from abroad that are not available in their local markets, blurring the boundaries of regional economies. Listen to the podcast for complete insights.
On Saturday 30 May, 2015, Adris Groupa officially signed over their tobacco unit to British American Tobacco in one of the largest acquisitions in Croatian history. This podcast examines the factors motivating the company to sell, the Croatian tobacco market, and the future trajectory of Adris Groupa. Listen for complete insights.
The world’s leading food giant, Nestlé, is facing a food safety scandal in India over its popular Maggi noodles. In India, the Maggi brand is synonymous with noodles, and completely dominates instant noodles with 73% value share. Will Maggi be able to regain consumer confidence and continue its domination in India? Listen to this podcast for complete Insights.
Азербайджан получил право провести первые в истории Европейские игры, открытие которых пройдут 12 июня. Европейские игры станут значимым событием не только для Азербайджана, но и в целом для всей Европы. Для Азербайджана проведение первых европейских игр это возможность показать свою страну с лучшей стороны на глобальной арене.
Azerbaijan received the right to host the first ever European games, the opening of which will take place on 12 June. European games will be a significant event not only for Azerbaijan, but also in general for all of Europe. For Azerbaijan, hosting the first European Games is an opportunity to show their best side in the global arena.
India is set to become the world’s largest population by 2025. This demographic milestone will also result in it being home to the largest female consumer market and the biggest labour force globally. In fact, the working-age population will surpass 1 billion by 2030 providing it with a huge competitive edge over other emerging markets. Yet a large urban/rural divide, skills shortages and unplanned urbanisation means its population dynamics also create challenges.
In the next five years, we expect dietary supplements to outperform vitamins in value sales as consumer emphasis on personal health and healthy habits. Producers need to focus on product positioning, advertising claims, and regulations in emerging markets. Listen to the podcast for complete insights.
The rebound in oil prices reflects increasing demand in China and the falling number of oil drilling rigs in the US, but it is too early to tell whether this rebound is temporary since there is still an oversupply of oil globally. This podcast discusses this trend as well as global events in hard metals commodities and food prices. Listen for complete insights.
African crude oil producers are facing challenges as a result of low oil prices. These countries are facing budget revisions and storage shortages, which mean that they need to look beyond Europe for strategic trading partners. This podcast discusses potential alternative actions plans and strategies. Listen for complete insights.
This podcast examines the performance and future strategies for LATAM Airlines based on the recently released Q1 results statement. Memership in the OneWorld Alliance will help the company strengthen it's international network, giving it strength beyond being the leading regional player. Additionally, updating its fleet of aircraft will help move the company into a more competitive position. Listen to the podcast for complete insights.
Visual merchandising outside of retail outlets has become increasingly important for luxury brands. In this respect, social media has provided a valuable advertising channel, particularly in emerging markets as mobile internet penetration sees rapid growth. Listen to the podcast for complete insights.
New Zealand consumers are turning away from regional and national mainstream beer brands in favor of craft and craft-positioned alternatives. Despite a flat beer market overall, craft brands both owned by major brewers and by microbreweries continue to see growth in the market. Listen to the podcast for complete insights.
Whole Foods recently announced that the company would be launching a low-cost variant of its existing brand targeted at millennial consumers. This move is in line with overall trends in the US grocery market, where discount grocers have seen rapid growth over the last few years. This podcast goes in-depth into the competitive landscape and potential strengths for this new brand. Listen for complete insights.
According to reports, Visa International is in talks to buy its subsidiary, Visa Europe. A deal would benefit both companies, with Visa Europe bringing a sizable payment network to the already vast network of Visa International, and Western Europe is a growing region for card payments in its own right. With an acquisition, Visa could finally become a global network.
In a world with more choices than ever before, effective curation is key. This podcast discusses the growing importance of curation in soft drinks. While consumers demand choice, they also seek guidance, and brands which can provide this—whether they are retailers, foodservice operators, or manufacturers—can reap significant long-term benefits.
Based on ownership statistics, radio is a declining medium. Radio possession rates dropped by a significant percentage between 2009-2014, and listening rates dropped by a third over the same period. Still, global radio ad spend has remained stable. Listen to the podcast for complete insights.
This podcast discusses which countries are the world's top internet performers, looking at internet penetration rates, digital business innovation, and mobile internet access. Looking forward, we expect markets in the Middle East to see major growth in the digital economy as the world moves away from oil dependance. Listen to the podcast for complete insights.
The "Gender Gap" is the gap between men and women in many areas including but not limited to education and income levels. This disparity impacts consumer spending power and patterns in both developed and emerging economies. This podcast discusses the specific efforts being made toward gender equality in markets across the globe.
This podcast discusses factors behind declining oil and other energy prices including falling demand and production/extraction innovations alongside other hard and soft commodities news.
On May 7, the UK elected a Conservative majority, which leaves the future of the UK's membership in the EU uncertain. This podcast discusses what could happen if the UK does withdraw from the EU in 2017 (a possibility being called a "Brexit," short for British Exit, in commenter parlance) across political, economic, and consumer goods perspectives.
The new recipe will go into effect in January 2016 with color being supplied by natural extracts from paprika, annatto and turmeric. This change is indicative of a larger trend in packaged food in the US toward natural flavours and fewer additives. Listen to the podcast for complete insights.
This podcast discusses the key pillars for a successful digital strategy in the beauty and luxury industries, the importance of consumer engagement and inspirational content, and developments in the personalisation/customisation trend. Listen for complete insights.
As digital ordering channels and in-store technology has evolved, the industry has reached a tipping point where tech in foodservice has passed the point of simply adding digital capabilities to existing services. Now, digital technology is an integral part of consumers' daily lives and consumer foodservice brands need to keep up with these innovations.
By 2019, bottled water is expected to account for half of global total packaged soft drinks volume. By its sheer ubiquity, bottled water is having a huge impact on how consumers perceive the soft drinks category. Today much new product development in other soft drinks categories are attempting to position themselves in the bottled water aisle. Listen to the podcast for complete insight.
Much of social media makes its revenue by tracking users to optimize advertizing analytics. This becomes a problem when tracking broaches regional privacy regulations. Privacy and security are also a concern governments face when deciding whether to implement online voting for elections which has been demonstrated to improve voter turnout in developed economies. Listen to the podcast for complete insights.
Distribution in emerging markets is no easy task. A multitude of factors complicate the process and the approach taken to distribution will vary depending on the product and market. From infrastructure deficits, to direct distribution and village entrepreneurs, there is a lot to take on board. Multinationals such as Cussons, Nestlé, Coca-Cola, Unilever and P&G all provide insights into different approaches.
February marked the first rise in eight months in commodities prices driven by a sharp rise in oil prices triggered by speculative activity in oil futures markets. This rise was paired with declines in soft commodities and metals prices. Listen to the podcast for complete insights.
This podcast discusses some of the key initiatives outlined in India's 2015 budget including the Monetary Policy Committee, Make In India, revitalizing infrastructure investment, and efforts to make the country more business-friendly. Listen for complete insights.
Indian GDP grew from 5% in 2013 to 5.4% in 2014 in direct response to last year's budget ruling. The government's 2015 budget hopes to maintain this growth. Disappointment with the new budget emerged primarily from the service industries where service taxes increased to 14%. This podcast discusses the impact the budget will have on these industries including foodservice, entertainment and beauty services. Listen for complete insights.
The recently passed budget has evoked mixed reactions from manufacturers operating in India based on changes in excise duties by industry. This podcast focuses in on the impact of the budget on tobacco and footwear industries and possible strategies manufactures may adopt to combat the resulting lost revenues or to take advantage of their new lowered taxes. Listen to the podcast for complete insights.
In the 2015-2016 budgets, The BJP government was true to their word in 2014. It continued to concentrate on long term developments for the country, this year as well. The move towards GST, pushing domestic products with the Make in India campaign, encouraging entrepreneurs, Swacch Bharath, the clean India campaign amongst many other reforms was met with a huge positive response. While manufacturing is going to benefit from this budget, Service and several FMCG industries have nothing to cheer about.
In this podcast, senior consumer foodservice analyst discusses how Asian flavours and concepts, snacks, value portions and viral innovation are impacting the global restaurant landscape. These trends are driving both new concept innovations and maximizing value in existing foodservice outlets. Listen for complete insights.
Global sales of wearable electronics are expected to grow more than twofold to US$20 billion in 2016. Given this projected growth, companies beyond just consumer electronics brands are expected to jump on this bandwagon, particularly luxury fashion houses. For example, Ralph Lauren is launching a smart sports top later this year with a smart bag expected to follow not long after.
El punto de vista de los consumidores acerca de que la resaca es un resultado químico que se supera con químicos ayuda a explicar la correlación entre las ventas de bebidas alcohólicas y aspirina/ibuprofeno en los 4 países incluidos este estudio. Cuando se agregan los adelgazantes a esta ecuación, se produce una cadena que llega hasta la cultura festiva dela región.
The announcement of the merger of Kraft and Heinz is big news for the industry as the merger creates one of the largest global food companies. The main goals of the merger for both Kraft and Heinz are to cut costs, develop cobranding opportunities and increase bargaining powers with retailers.
The consumer view that a hangover is a chemical process that can be solved with chemicals helps explain the correlation between sales of alcoholic drinks and aspirin/ibuprofen in the four Latin American countries included in this study. When weight management products are added to the equation, these industry verticals form a chain that reaches far into the festive consumer culture in these markets.
Qatar Airways has recently acquired a 10% stake in the International Airlines Group for which they paid US$1.7 billion. This podcast discusses possible strategy behind this partnership and its impact on the competitive landscape in Qatar Airways' service areas and the airline industry as a whole.
Surf-themed apparel has suffered a well-documented struggle in the aftermath of the 2008 financial crisis as the category’s “Big Three” brands have suffered severe subsequent financial losses. However, Euromonitor International apparel analyst Julia Illera raises the question of whether the surf apparel category is indeed “wiping out” in terms of global sales and profitability as Billabong International returns to profit for the first time in three years, Mambo sells to Saban Brands and Kelly Slater bids farewell to his long-term sponsor Quiksilver to launch a “coastal lifestyle” brand backed by Kering.
The arrival of devices like budget smartphones has allowed low-income households in developing economies has led to increasing internet penetration in those markets. In 2013, 70% of internet users were located in developing countries. Mobile internet is the driving force behind this rapid growth.
Most commodities continued on the downward trend that began back in mid-2014. Overall commodities prices fell by 12% in January over the previous month. This podcast discuses trends and driving factors behind these falling prices.
The Swatch Group Ltd is expected to launch its first smartwatch by mid-2015. This podcast discusses the impact of Swatch entering the wearables market and what it means for competitors. Will the Swatch Touch smartwatch dominate the wearables market? Can Swatch compete against technology giants like Apple and Samsung? Listen to the podcast for further insights.
W nagraniu omawiane są przyczyny, dlaczego właśnie dyskonty są najsilniejszym segmentem w spożywczym rynku handlowym, które ze sklepów oprócz dyskontów rozwijają sią najszybciej oraz rozwój internetowej sprzedaży artykułów spożywczych. Posłuchaj pełnej treści podcastu.
Apparel and footwear specialist retailers in the UAE grew by 9% in 2014 as a result of new retail locations opening and new brands entering the market. This podcast discusses strategies of successful value brands, demographic trends driving this market growth and market forecasts for value apparel brands in the UAE.
Passport: Nutrition maps the purchase of nutrients across protein, carbohydrate, sugar, fat, saturated fat, fibre and salt categories as well as total calories in in 230 product categories in 54 countries around the world. This podcast discusses some of the trends that emerge from this new research area.
This podcast discusses why discounters are the strongest performer in grocery retailing in Poland, which other store formats are gaining momentum, and the movement toward online grocery retailing.
This podcast discusses the staying potential of 3D printing, virtual reality, and drones according to practical business uses and consumer applications. 3D printing has established itself in manufacturing, but can it transition to the consumer household. Does virtual reality have mainstream potential beyond gaming? Can drones become anything more than a hobbyist fad?
Food, metal and energy commodity prices all fell this month, with energy seeing the largest drop at-15.1% over the previous month. This podcast discusses potential consequences of the low oil prices in oil exporting countries and how long we can expect oil prices to remain this low.
Energy drinks offer huge potential in Saudi Arabia. The category saw 12% growth in 2014 alone. Due to the ban on alcohol, energy drinks are viewed as a social substitute because of their high caffeine content. However, the government has placed a marketing ban on energy drinks manufacturers in the country following health impact reports. Listen to the full podcast for complete insights.
OMSignal is a leading innovator in the rapidly growing wearable technology space and a frontrunner in smart technology for clothing. Contributing Analyst Rob Walker speaks with OMSignal CEO Stephane Marceau about the company's strategy and competitive space.
Hair care appliances have a 243% penetration rate in the US market. Consumers are purchasing multiples as products are becoming more multifunctional, adding features like speed, power or moisturizing care. The biggest growth markets for haircare appliances in the next few years will be in the Middle East and Africa as western lifestyle influence and growing expat population drive consumer demand.
Southwest is among the largest low-cost airlines in the world. Over the years, Southwest has been focused on developing its domestic market, but now the company is beginning to push international expansion very aggressively. The airline is additionally expanding its positioning in the domestic market through increased capacity in major airports and trying to lure more business travellers on board. Listen to the podcast to complete insights.
Cross-functionality and inter-connectivity will drive growth in technology and consumer electronics in Latin America in 2015. Consumers expect their devices to cohabitate and collaborate with each other. For entertainment companies, multi-platform functionality is increasingly important.
Chinese parents concerned about multiple milk formula scandals and product recalls from local brands are looking to source their infants' nutrition elsewhere. This has led to rapid growth in imported brands from Australia and other nearby regional markets as well as an active grey market. Listen to the podcast for complete insights.
This podcast discussed how to determine if a country's business environment is improving, which countries are seeing improvement in 2015 and the factors motivating this change in each market. While emerging markets are the obvious choice when companies consider expansion, neither should developed markets be excluded from consideration. Listen for complete insights.
Target Corp has recently announced the closure of its stores in Canada, after less than 2 years in operation. Svetlana Uduslivaia, senior analyst at Euromonitor International, discusses reasons for the retailer's poor performance in Canada, from general macro-trends to the retailer's lack of clear strategies in a highly developed marketplace in the country.
In 2015, the world's cities will see rising urban populations, witness an economic slowdown in Asia, and be subjected to persistently weak growth in the Eurozone. In fact, in 2015, the global urban population is forecast to expand by as much as 77 million people. This podcast discuses the impact these trends will have on the world's major urban economies.
In November 2014, global food commodities prices rose for the first time in seven months while oil prices continued to fall. Listen to this podcast for insight into trends driving prices of soy, grains, salmon and other food categories as well as how fracking is motivating changes in oil prices.
We will see huge growth in mobile internet subscribers in emerging economies in 2015. Global mobile internet penetration rate will break the 1/3 barrier this year. 2015 will be a record year for communications spend in emerging economies. Additionally, the global e-commerce market will reach a total value of US$1 trillion this year. Listen to the podcast for complete insights.
世界第3位の規模を誇る日本の飲料パッケージ市場全体は、2014年僅かながらも増加しました。国内飲料パッケージ市場では飲料缶の需要が最も高いものの、飲料缶から他の飲料容器へのシフトが進んでいます。飲料パッケージ市場のトレンドにはそのほか、環境に配慮したサスティナブル容器の開発や小容量サイズへのシフトが見られました。ユーロモニターインターナショナルのリサーチアナリスト本間彩子が日本の飲料パッケージ市場のトレンドについて解説します。
Japan’s packaging volume sales of beverages are expected to rise marginally for 2014. While metal beverage cans continue to dominate the pack type within beverages, there continues to be a shift towards other pack types such as PET bottles and metal bottles. 2014 saw a variety of trends as manufacturers increased environmentally-friendly packaging as well as expanded on the variety of smaller pack sizes.
Strategies for successful variety stores in Asia Pacific vary from in-store aesthetics and pricing structure to localisation and seasonality of product offerings. Strategies differ across distinct markets and consumer bases in the region; listen to the podcast for complete insights.
The Portuguese have shown an interest in Angolan culture and music. Now, Cuca is counting on Portuguese millennial consumers' interest in craft beers to launch its Angolan lager in the country. Listen to the podcast for complete insights.
Exports of Nickel Ore were banned in Indonesia at the beginning of 2014, cutting off almost 18 percent of supply for the global market. Somewhat surprisingly, this ban actually led to a drop in nickel prices due to market preparation for the ban. Euromonitor expects prices of nickel ore to recover next year amid a proposed ban of nickel exports from The Philippines.
Norge har verdens høyeste forbruk av konjakk per innbygger. Men konjakkens vekstpotensiale påvirkes av yngre generasjoners forbruksmønstre og vekst i kategorier som whisky(ey) og øl fra mikrobryggerier. Lytt til hele podcasten her for å få den fullstendige analysen av utviklingen i denne bransjen.
Norway is the largest consumer of cognac per capita in the world. However, cognac growth is being impacted by youth consumption trends and growth in whiskey and craft beers. Listen to the full podcast for complete insights into this dynamic market.
Understanding why consumers are using paper payments is key to converting spending to alternative payment methods. This conversion boosts efficiency though cutting the cost of cash payments, increasing financial transparency. This podcast discusses the cost of shadow cash economies, the financial policy score card, financial services in emerging economies and more insights from the Converting Paper Payments report.
Chinese online shoppers spent an estimated US$9 billion on Singles Day this year. This is the single largest amount spent on any shopping holiday anywhere in the world. Though transportation is one of the fastest growing services globally, Uber is leading the crest of the technological disruption of traditional business models, forcing conflict between the sharing economy, local governments and tentative consumers. Listen to the complete podcast for full insights.
There is a strong correlation between adult literacy and income levels, which limits consumer discretionary spending. In 2013, adult literacy rates in emerging markets stood at 81.4% of the population aged 15 and over. In some markets, this remains a significant obstacle in attracting foreign direct investment.
Globally, the largest yoghurt brand is Activia, owned by Danone. This podcast discusses growth trends and strategies for Activia as well as other regional and global yoghurt brands.
Japan, the US and China are by far the largest yoghurt markets globally both because of population size and because yoghurt is already part of the diet. This podcast examines growth in these markets and others across product type innovations, affordability and consumer diet trends.
December shopping trends and forecasts vary from region to region due to differing consumer cultural and economic circumstances. Globally, though, retailers will aim to further unify their online and offline shopping experiences and take advantage of 24-hour buying dates. Listen to the full podcast for complete insights into consumer intentions in each major economic region.
In observance of Movember, our beauty and personal care research team is focusing on men's grooming this month and had the opportunity to interview executives at three influential brands in the industry: David Hildrew of Bluebeard's Revenge, Michael Dubin of The Dollar Shave Club and Will King of King of Shaves. This podcast outlines the major trends that emerged from these interviews.
In contrast to the global population growth trend are a significant number of countries, including major economies, where populations are declining. This presents challenges for the labour market, government finances and policy. The key to succeed in these markets is if companies can identify the opportunities and adapt their offerings to the demographic shifts.
Vegetable and seed oil makes up the largest segment of the Brazilian oils and fats market. This podcast discusses industry trends, new product launches, business opportunities and predictions for the market.
High fibre foods help lower cholesterol, reduce the risk of heart disease, assist in digestion and regulate weight. Fresh fruits and vegetables are natuarally high in fibre, but many recently launched packaged foods and beverages are capitalizing on this nutrition trend by adding fibre as an ingredient. Listen to the podcast for complete insights.
Social media, as a segment, is highly reliant on being on-trend with the target demographic and younger users in developed markets are gravitating toward anonymous social platforms. These platforms, while popular, struggle with revenue generation due to the anonymity they hawk to attract users. Additionally, India has emerged as a particularly attractive market for international internet companies due to its lack of a local mega-player like Alibaba is in China. Listen to the full podcast for complete insights.
Facial cleansing devices have been boosted by claims of efficacy and quality reinforced by blogger endorsement. Additionally these devices provide at-home alternatives to expensive spa treatments. This podcast discusses new product launches and product performance across key markets.
Together, the BRIC economies accounted for a combined 21% of total global GDB growth in 2013. What impact will Dilma Rousseff's re-election have on the Brazilian and global economies through 2018? Listen to this podcast for analyst insights.
Prices in nearly all commodities continued to decline in October driven by slowing global economic growth and concerns about demand. Listen to the full podcast for insights into oil, grains, grapefruit, beef, and more.
A series of food safety scandals in China began in 2008. As a result of these scares, Chinese parents lost trust in domestic infant milk formula and began purchasing imported and smuggled products instead. To combat this trend, some retailers began offering insurance on purchase to protect consumers against tainted foods and boost sales.
Consumers listen to and trust their peers more than the brands they are purchasing from. The new post-recessionary consumer is more cautious than their predecessors and will rarely make a purchase without checking out other consumers' opinions first. More brands are building up their social media presence as a tactic to connect with these online consumers directly and to collect these reviews to feature on their websites.
In this podcast, we discuss up-and-coming digital advertizing markets, digital and mobile innovations and future prospects for the the industry.
Home delivery foodservice orders saw a 4% increase in value terms in 2013, but less than 1% of grocery sales occur online in Norway. Online sales growth is driven by ease of use of technology and recipe subscription services but true growth and changing consumer behavior will take time.
Commodity prices in energy and agriculture fell in August 2014. Natural gas prices in the US fell by 3.8% for the first time in nine months as a result of supply stockpiles and mild weather. Pork prices plunged by 15.1% from the 29-year high seen in July. Falling energy and agricultural prices both lower production costs for businesses and increase purchasing power for consumers, which boost GDP in affected markets. Looking forward, we can expect the price gap between crude oil in the US and Europe to widen in the coming months.
Один из самых важных атрибутов лето - мороженое. Россияне всегда крайне положительно относились к этому продукту. По данным Euromonitor International в 2013 году средний русский потребил немногим больше чем 3 л. этой сладости. Всё таки несмотря на разнообразность предложений, Российский рынок мороженого ещё далек от насыщения а растущее количество детей в возрасте от 5-14 лет ведет к большому потенциалу этого рынка в будущем.
Russians have always been and continue to be steady consumers of ice cream, although the product remains an impulse buy in the country. In fact, 75 percent of all ice cream sales in Russia are for single portion sizes. As a result, many manufacturers of ice cream products rely on eye-catching packaging and constant updates to attract consumers. These consumers are mainly children whom companies target using cartoon characters and unique shapes.
Many consumers are aware of the health effects of a high-salt diet, and although the current health trend is to avoid sugars and fats, innovation in salt reduction is still an ongoing process. Currently most reduced salt food is implemented via stealth reduction so consumers are not aware they’re buying a product with lower sodium and therefore not aware of a difference in taste, but other methods are proving successful as well. Companies are developing apps that allow consumers to choose food items based on salt content and creating methods to enhance perceived saltiness using taste-modulating bioactive compounds, for example. Although companies and governments remain dedicated to reducing sodium consumption, there is still a long way to go to achieve a truly positive public health outcome.
n general, average income is the single most important factor that determines consumer preferences to spend on transport or to buy private vehicles. However, lower income cities such as Kuala Lumpur, Vilnius and Athens are among the top ten cities with the highest ratio of passenger car ownership in the world.
In these cities, passenger cars are a necessity due to inadequate transportation infastructure. Unfortunatley, poor quality vehicles tend to flood these cities, leading to air pollution and traffic.
Growth figures in the first quarter in the eurozone are disappointing but countries that have enacted reforms are performing better. Spain for instance enacted financial and employment reforms and growth turned positive in the third quarter of 2013. Ireland enacted reforms as well and is now one of the top performers in the eurozone with consumer confidence growing and unemployment is on a downward trend. Countries in the eurozone that have been slow to reform, such as Italy, are still paying the price. The country is in the midst of a triple dip recession with public debt reaching a new peak.
China holds the biggest social media networks by user numbers outside of Facebook, and as a result these networks have a large influence on many other industries including travel, ecommerce and banking. In fact, many retailers own their own social networks which Chinese consumers access to find discounts and deals. This blur between social media and ecommerce is more apparent in China than in the Western world.
Burger King recently announced they will purchase Tim Hortons for eleven billion dollars and move its headquarters to Canada. The new company will own about 23.5 billion in terms of annual revenue, putting them behind McDonald’s and Yum! Brands as the third largest consumer foodservice operator in the world. This merger gives Tim Hortons an opportunity to aggressively expand in new markets and gives Burger King a way to compete in the breakfast and coffee segments.
US-based burger chain Shake Shack is reportedly seeking an IPO, which would make it one of the first ‘better burger’ chains behind Five Guys to pursue a national expansion. Typically, many major restaurant trends have a well-defined boom and bust lifecycle, but the better burgers trend is extending far beyond the normal lifestyle-driven trend. Although Shake Shack is a regional chain with a long road ahead to becoming national, its design and appeal give it a good chance to come out on top among the competition.
The recent deal between Kraft and Green Mountain gives liscensing rights to distribute Kraft's brand of products in pod form for use in the Keurig machine. Kraft's brands are a large gain for Green Mountain, who's main strategy is to obtain these agreements from all large coffee players. Kraft's Maxwell House brand is the second largest coffee brand in the US, and given the success of Starbucks and Folger's pods, Kraft's larger-known brands are expected to perform well.
Scotts Miracle-Gro’s UK subsidiary, The Scott’s Company, recently purchased the Solus brands which includes Yeoman hand tools. Although Scotts is the leading garden care company in the world, it lacks a competitive hand tools brand. Yeoman will fill a gap in Scotts brand portfolio in the UK, and if this move is successful, Scotts can adapt the strategy worldwide.
Coca-Cola’s recent 16.7% acquisition of Monster Energy is a win for Monster as the company’s innovations can shine on the internationa stage, but Coca Cola benefits from the deal as well. With the acquisition, Coke gains access to Monster’s new product innovations, which are responsible for reformulating the energy drinks market in recent years. Having this inside track into product innovations can help Coke not only diversify its brand portfolio even further, but also push new products into markets such as China and India.
Phillips and Braun are on the forefront of toothbrush technology, with Braun introducing products such as the Oral-B Pro 6000 SmartSeries, which monitors brushing times and habits and sends information to a user’s smartphone via Bluetooth. Innovations in the toothpaste market include Colgate’s sugar acid neutralizing toothpaste and Unilever’s Regenerate, which claims to rebuild lost enamel. Preventative care is becoming an important facet in oral care and products that assist consumers in these goals will perform well in the next five years.
Consumers are slowly adopting pre-recession spending habits in all aspects of their lives, and vacations and holidays are no different. In 2014, consumers aren’t restricting themselves to “staycations”, although they remain budget-conscious when travelling. Many consumers are taking camping holidays, family trips and staying with friends in order to leave their dwellings but stay within their budgets.
El crecimiento de la práctica deportiva en Chile, acompañada de una fuerte actividad promocional de las principales marcas ha hecho que las ventas de ropa y calzado deportivos hayan aumentado aproximadamente 5% al año en términos de valor en los últimos 5 años según datos de la empresa de investigación de mercado, Euromonitor International. Hoy el país es uno de los de mayor consumo per cápita de estas prendas en Latinoamérica. Los deportes que más reflejan estas tendencias son el fútbol, el running, las actividades outdoor y el ciclismo.
Ichitan Group PCL, a relatively new player in the soft drinks market in Thailand, was recently listed on the Thai stock exchange which not only cements the company's future in the industry but also adds even more competition to the dynamic soft drinks market in the country. Ichitan's success is driven by its low-priced ready-to-drink tea which is the only RTD tea product in the country labelled as organic so far. If Ichitan's success continues, the soft drinks market in Thailand will become even more polarized as local brands rise up to challenge international players.
Open-loop pre-paid cards, which are network branded payment cards that do not have a limited pre-defined acceptance network, are the fastest growing card type in the world. These cards have proved their ability to replace cash and electronic transfer channels in several instances including government benefits and traveller’s cheques. Open-loop pre-paid cards can also help the unbanked and financially underserved by offering an alternative to traditional financial services and as a stepping-stone to other products and services.
The tragedies of the disappearance of Malaysia Airlines Flight 370 and the crash of Flight 17 are having a severe impact on Malaysia Airlines. Investor confidence is low, shares are plummeting and many are wondering why the airline chose a flight pattern over a conflict zone. With the airline already performing at subpar levels, the next step may be filing for bankruptcy.
Wearable devices, such as the Nike Fuel Band and the Samsung Galaxy Gear are manufacturer driven products that do not yet address any major functions better than a smartphone. So far, only fitness tracking devices are driving sales as they serve a practical and motivational purpose. Other devices such as the Galaxy Gear suffer from poor aesthetics and bulky design. Until Apple releases its highly anticipated watch, which has the potential to disrupt the industry in the same way that the iPhone did, many manufacturers of electronics and watches are adapting a wait-and-see approach.
China is a promising market for the consumer health industry, with consumer expenditure on health goods and medical services expected to grow by 56 percent between 2013 and 2018. Vitamins and dietary supplements, especially fish oils and omega fatty acids are among the strongest prospects for the country. The average adult in China consumes only one-quarter of the recommended daily intake of DHA and EPA which is found in these supplements. Although the regulatory infrastructure for dietary supplements in China is notoriously strict, proposals are in place to change the process.
Michael Kors is investing heavily in marketing its new diffusion line and as a result, consumers are associating the company as a lifestyle brand in line with Coach and Tori Birch. The company is also using social media as a way to use consumers to market its brands. It has a blog site called MK Timeless where consumers can upload pictures of their Michael Kors watches and a campaign called Watch Hunger Stop where the company donates money to the World Food Program for every hundred timepieces purchased. These marketing strategies have paid off for the company with strong brand equity.
Many countries are struggling with managing their water supplies due to various reasons including lack of rainfall, limited space for reservoirs and lack of natural water resources. Many appliance manufacturers are helping to conserve water by introducing water efficient appliances, mainly dishwashers and washing machines. The governments of many countries now rate the water efficiency of appliances along with offering incentives to buy these machines. Water conservation will continue to be an ongoing effort in many countries so these appliances will become even more efficient in the future.
Private label manufacturers need to establish various strategies when targeting different areas of the world. For example, in areas such as Western Europe and North America where private label is well established, manufacturers can add products at different price points to attract consumers. In areas where private label is less established, companies can export their private label brands or expand their chains. UK-based Waitrose has established both of these strategies, exporting its private label goods as far as Chile and Japan and expanding its physical outlets outside the UK.
Tracking a country’s consumer spending on education can shed light on the labor force and productivity and gives insight on the spending patterns and priorities of consumers in a country, both of which are important factors to consider for businesses planning expansion. A key trend in consumer education is that when the lowest 10 percent of the population of a country spends significantly on education, that country tends to have a better-trained workforce overall – an attracting factor for foreign investment.
国内ビール市場はビール人口減少、消費者の健康志向により、年々減少傾向にあります。メーカーはプレミアムビール市場への集中、特定の小売業者への限定製品の販売など、数々の取り組みを通して減少を最小限に抑え、成長につなげていく努力をしています。また規模は小さいですが、クラフトビールの発展は減少傾向にあるビール市場に、新たな刺激を与えています。
Beer in Japan has been on a steady decline in volume terms for the past ten years, and beer manufacturers in the country are working against this trend with several strategies. Focusing on the premium beer segment is one successful strategy as Japanese consumers are choosing quality over quantity. Beer manufacturers are also using convenience stores such as 7-Eleven and Lawson as test markets for different promotions and flavors. Finally, the craft beer market in Japan is small but growing, mirroring the expansion of the craft beer market in the US.
A study by the University of Cambridge in April 2014 has put fat as an ingredient back in the media spotlight. The study shows that total saturated fat has no association with heart disease. While the scientific community has criticized the study, many consumers are now focusing on limiting sugar and increasing protein in their diet rather than focusing on fat consumption. This trend is leading to small growth in foods such as butter and reduced sugar packaged food and a small decline in reduced fat packaged food.
Business taxes are a key factor for companies when planning their future investment strategies. When business taxes are low, the environment encourages foreign direct investments, creates jobs and encourages high profit margins for companies. Since the global financial crisis, many developed countries lowered their business taxes in order to relieve burdens placed on businesses by unemployment rates. Emerging markets, on the other hand, tend to have higher business tax rates to bring in more funds to the government. As a result, these countries often miss important foreign investment.
Indonesia is an often-targeted country for companies attempting to enter a new market in Asia-Pacific due to its massive population, rising purchasing power and fast growing middle class. The soft drinks market in the country is on the rise, with categories such as juices, ready-to-drink coffee and ready-to-drink tea growing in consumption and awareness. For companies attempting to break into Indonesia, product differentiation is key as consumers in the country are constantly looking for new experiences within the beverage category.
Nine out of ten of the world’s most unequal cities in terms of income were in Africa or Latin America in 2005, and governments in these cities have attempted to close the gap between the rich and the poor with varying results. Johannesburg and Cape Town in South Africa both consistently struggle with inequality created by apartheid, and the gap is increasing due to an increase in income levels for the wealthier population. In Latin America, many cities are revamping their education programs, moving more children into schools and subsequently into the labor force. As a result, the middle class is on the rise in cities such as São Paulo, Salvador, Quito, Guayaquil and Guatemala City.
37.5 percent of the global population was using the internet in 2013, and these consumers digital services for hotel booking, flight booking, travel reviews and travel discounts. Websites such as Tripadvisor, Expedia and Kayak valued in billions of dollars, and the tourism industry will benefit as the amount of the global population using the internet reaches 46.1 in 2018.
On June 5th the European Central Bank reduced its main policy interest rate by 10 basis points to 0.15 percent in response to the slow recovery and low inflation rates in the eurozone. On addition, the ECB announced the availability of 400 billion Euros for loan to help the slow credit market. The hope is banks lend more money to the private sector, particularly small and medium sized businesses who were the main victims of the credit crunch in southern Europe. The ECB’s actions should provide a small boost to the euzozone’s economy but the long-term effect will be limited.
Lakmé, a brand of colour cosmetics in India owned by Hindustan Unilever is releasing new upscale products at premium prices in order to compete with brands such as L’Oreal Paris. These products, created to specifically target urban women who prefer premium cosmetics, are also an attempt to compensate for slow volume growth of Hindustan Unilever’s other brands such as Fair & Lovely and Clinic Plus. If these premium products are a success, Unilever may the same strategy in other areas of its portfolio such as skin care.
Consumers worldwide are becoming increasingly aware of the benefits of exercise and fitness due to alarming obesity rates and the dangers of sedentary lifestyles and poor diets. For example, according to a recent Euromonitor survey of its global network of analysts, only three percent said they never exercise. With the World Cup in the global spotlight, consumers will be focusing even more on sports and spending on sports apparel and equipment, including new technology such as fitness and activity trackers.
The recent lift on the ban of online over-the-counter drug sales in Japan has led to public concern about lack of regulation, so starting on June 12 stricter laws went into place to regulate these sales. Despite the new laws, online retailers such as Amazon Japan are selling OTC drugs for cheaper than pharmacies and drug stores, leading some physical retailers to offer services such as next day delivery. Overall, internet sales of OTC drugs should perform well in the coming years due to Japan’s active and aging population.
般用医薬品のインターネット販売に関する新たな制度が6月12日に施行されました。
最高裁判所の判決による一般用医薬品のネット販売解禁を受け、新制度はネット販売の安全性を確立するものとされています。
ネット販売事業者は、新たなサービスや付加価値を提供して対応していく必要があります
Tissue manufacturers are struggling to gain sales within the middle class segments of emerging markets as consumers choose to spend their income on other products. Competition from industries such as apparel, hot drinks and consumer electronics are taking sales away from tissue products. In Mexico for example, the population consumes about 4.5 kilograms per capita of tissue products while in the United States the number is around 13.4 kilograms.
Convenience breakfast foods are on the rise, with product types such as breakfast biscuits, cereal pods, yoghurt pods and breakfast drinks all hitting store shelves as a way for consumers to have breakfast without time constraints. Currently these products are limited to developed markets in North America and the Australasia region but the potential exists for the trend to spread to other countries where single household number is high.
Sports, energy drinks and ready-to-drink tea are the strongest performing soft drinks in Australia due to consumers in the country searching for alternatives to carbonates. Companies are recognizing this trend and offering low or no sugar alternatives in their product lines. For instance, Red Bull released Red Bull Zero in Australia in 2013 which contains no sugars or carbs. In the same year, Unilever launched Lipton Iced Tea Sparkling which uses Stevia as an artificial sweetener. Carbonates companies are responding to these launches and the health concerns of consumers by launching reduced sugar versions of many soft drinks.
Kaupan omien merkkien osuus on Suomessa jatkuvassa kasvussa. Muutaman viime viikon sisällä S-ryhmä ja Kesko ovat lanseeranneet uudet merkkisarjat, joista S-ryhmän merkin nimi on Kotimaista ja Keskon K-Menu. Euromonitor Internationalin mukaan S-ryhmän ja Keskon omien merkkien sarjoissa on yhteensä jo lähes 5000 tuotetta eri päivittäistavarakategorioissa. Määrän odotetaan kasvavan jatkossakin.
After years of inactivity in the private label market, two of Finland’s largest grocery retailers are launching private label lines. S Group is launching Kotimaista, which will consist of four hundred products and Kesko is releasing a private label series called K-Menu. Private label shares are on a constant increase in Finland and these products are not seen as an economy alternative, therefore these launches are forecasted to be successes.
The hair care category weakened from 5.5 percent in 2012 to 4.9 percent in 2013 but still performed better than other categories in beauty and personal care such as skin care and colour cosmetics. This resistance to market challenges is due to hair care’s increasing penetration of emerging markets such as China, Brazil and India and new frontier markets such as Turkey, Indonesia and Iran. Brazil remains the most dynamic market, accounting for 20 percent of global hair care growth in 2013 due to an increasing competition from local players.
Tesco recently made the decision to stop selling confectionary products at checkouts in all of its UK stores. This decision is a result of pressure from both the government and consumers as well as other grocery chains - discounters such as Lidl have already stopped the practice. The removal of confectionary from Tesco’s checkouts will hamper sales of these products in the UK, although the long term effects will depend on if other grocery stores follow suit.
Income inequality, which is the gap between earnings of the rich and poor, creates a major digital divide between consumer groups worldwide. Telecommunications companies tend to develop infrastructure in areas that can afford services and price these services accordingly, alienating low-income consumers and fragmenting the telecoms markets. One solution to this digital divide is internet enabled mobile devices, which are generally cheaper in both price point and internet subscription.
The internet retailing channel in India is in a transitional phase. It is at a point where it is becoming one of the most used retail channels in the country, especially among the urban population. Both Flipkart and Myntra entered internet retailing in India in 2007 and have been able to change consumer perception of the channel. This has led to an increase in acceptance of online retailing and improved sales in this channel for many industries. Now there is speculation that these two companies are planning a merger in the next couple of months. This development would be the biggest partnership in online retail in India since its inception.
Flipkart and Myntra are two of the strongest players in internet retailing in India. Let me first introduce the companies to you. Flipkart is almost synonymous with internet retailing in India. The company came into existence in 2007 and gradually changed the face of online retail via its free shipping of books. Flipkart eventually entered other categories such as consumer electronics and appliances, beauty and personal care, personal accessories and eyewear, housewares and finally apparel and footwear. The company’s is currently valued at approximately US$1.6 billion and there is speculation that it plans to launch an IPO in the next fiscal year by offering its shares on the NASDAQ stock exchange in the US.
On May 21st 2014 Airbnb reached an agreement with the New York Attorney General to handover anonymous data on its hosts in New York City. The Attorney General has been pursuing this information to better enforce a 2010 state law that prohibits rentals in multiple dwelling buildings for less than 30 days unless the permanent occupant is present and to collect taxes on these rental transactions. The Attorney General can receive the specific details on hosts it thinks are breaking the law. Given the involvement of the Attorney General and the greater transparency surrounding the legality of peer to peer lodging in New York City, it is likely that Airbnb will experience problems with supplying apartments to rent in New York City. The agreement may also serve as a template for other cities looking to regulate the sharing economy, undermining the company’s long term growth prospects.
Licensing remains a key growth strategy for toy manufacturers to drive sales within the traditional toys and games market. In Japan, the majority of popular licenses are homegrown characters. Besides the well-known Hello Kitty character, there are many popular and long-established domestic characters such as Anpanman and Doraemon that play key roles in toy companies’ strategies. As licensing will remain a key factor driving sales in the global toy market, toy manufacturers need to understand the role of local as well as international licensing trends both in Japan and worldwide.
Several key trends are emerging in 2014 in the consumer foodservice market. For example, foodservice operators are no longer focusing on one or two key growth markets. Instead these companies are looking at smaller, up-and-coming markets such as India that may not offer immediate payback, but will be key for long term growth. Another trend is the reversal of some tried and true methods in fast food. In the past few years, fast food operators have attempted healthier options and premiumisation in an attempt to expand their consumer base. In 2014 however, many fast food operators are going back to basics, offering smaller menus at value prices.
With Starbucks expanding its handcrafted soda program to 3000 outlets and Pepsi now bottling the previously exclusive to Taco Bell Baja Blast Mountain Dew, the US is at the center of the more interesting soft drink moves in the global consumer foodservice market. While both moves can be seen as a clear profit play, there is also an indication consumer drink preferences are moving away from a single soft drink brand to a variety. These moves are designed to tap into this preference, offering consumers a range of drinks and flavors.
Metal aerosol can growth in developed markets is slowing down, but emerging markets are pushing growth of the pack type globally. This strong growth in emerging markets is due to convenience, low cost and the switch towards more modern solutions in products such as air fresheners, shaving cream and insect repellant. As emerging markets continue the trend of urbanisation and rising disposable incomes, aerosol cans are expected to continue their growth.
En 2013 el valor de la industria de retail en México alcanzó 2.835 miles de millones de pesos mexicanos y para 2018 se espera un incremento del 19% en valor constante. Dentro de esta industria cabe destacar la importancia del non-store retail (o retail sin tienda física) que hoy abarca únicamente el 7% de todo el valor de la industria, pero que, impulsado principalmente por las ventas por internet, está teniendo un crecimiento muy importante. En este podcast, Ingrid Belmont, analista de investigación en Euromonitor International nos da su opinión acerca de la importancia del retail por internet en el futuro de la industria mexicana.
Like any worldwide event, the Brazil FIFA World Cup is expected to bring tourists from across the globe to the country. Brazil currently faces infrastructure problems, political protests and security issues ahead of the World Cup. Solutions are in development, such as phone apps that help tourists navigate Brazil and explore the World Cup host cities. As the focus turns towards Brazil during the World Cup, it's important that these and other key problems be solved to increase tourism to the country during and after the event.
Despite being a relatively new airline, Vietjet Air has rapidly expanded its presence in Vietnam since its founding in 2007. The low-cost carrier recently opened its second international route from Ho Chi Minh City to Singapore in May of 2014. This rapid expansion is partly due to Vietjet's bombastic advertising and marketing activities. For instance, a parade of flight attendants and pilots rode horses through the streets of Da Lat to announce Vietjet's route from Ho Chi Minh City to Da Lat. Also, many consumers choose Vietjet to fly domestic as the rates are often cheaper than major international airlines. The success of Vietjet is shaking up competition in Vietnam, and major players have responded by expanding their fleet numbers and routes.
The most obvious similarities between China and India lie in their scale and their membership of the BRIC grouping. Differences are far more substantial however: India is younger, more rural and poorer. China is over-dependent on investment, whereas India is lacking in investment. China’s key challenge for the long-term is its ageing population, whereas for India the challenge lies in improving its business environment and infrastructure in order to attract more investment.
As internet retailing in the clothing and footwear industry continues to grow, online retailers find themselves attempting to compensate for certain trends that can only be achieved by shopping in-store. For example, as it is impossible to try on clothing before buying it online, internet retailers are making it increasingly easier to return and exchange items and are even exploring virtual fitting rooms. Also, as many clothing purchases are emotionally driven, internet retailers are using consumer reviews and social media engagement to push consumers towards certain products. In 2013, 8.3 percent of all sales of clothing and footwear came from internet retail; a number expected to grow as the online channel continues to innovate and connect with consumers.
Developed countries such as Japan, China, Germany and the US are the largest markets for medical devices, accounting for a quarter of global demand. According to Euromonitor, Asian Pacific countries are key for the future of medical devices due to their ageing populations. In the next decade, Asia Pacific’s population over the age of 65 will grow by five percent each year. In addition, the Chinese government is pouring money into healthcare programs, adding to the demand for medical devices.
Retail sales in Brazil are expected to increase as a result of the World Cup. An influx of tourists as well as increasing domestic spend are strong drivers of growth. Electronics and appliance retailers will fare particularly well as Brazilians purchase TVs to watch the event. Sales at sporting goods stores will increase as consumers buy clothing emblazoned with their team’s logo. The retailing market in Brazil already grew by three percent in 2013 and is expected to reach five percent growth in 2014 due to the impact of the World Cup.
High protein food and drinks are booming globally, with protein bars alone worth more than US$840 million in 2013. Companies are jumping on the high-protein bandwagon with products such as egg white crisps, high protein ice cream and even high protein beer. With so many innovations, the high-protein market could become oversaturated, especially since most people in developed countries already consume adequate amounts of protein. However, there are still opportunities to target consumer groups that could benefit from high-protein food and drinks, particularly the elderly.
Tras varios años de bajo desempeño, en mayo de 2013, Mabe Brasil pidió protección por bancarrota en las cortes. La empresa, que es el tercer jugador más grande de Brasil después de Electrolux y Whirlpool se vio obligada a detener su producción durante 3 meses después del anuncio y a cerrar una de sus plantas de manufactura en Sao Paulo. La empresa recientemente presentó un plan de reestructuración al gobierno brasilero, pero el tiempo para cumplir con sus obligaciones crediticias se le está acabando a Mabe y muchos de los accionistas ya se han echado para atrás. Es probable que para el final de este año Mabe sea el blanco de alguna fusión o adquisición.
The Brazilian appliance manufacturer Mabe filed for bankruptcy protection in May of 2013 after several slow years. The company, which is the third largest player in Brazil behind Electrolux and Whirlpool, was forced to halt production for three months after the announcement and shut down a manufacturing plant in Sao Paulo. The company recently submitted a restructuring plan to the Brazilian government, but time is running out for Mabe to fulfill its creditor obligations and many shareholders have already backed down. It’s likely that by the end of the year Mabe, will be the target of a merger or acquisition.
In 2013, the Hungarian government passed a bill reforming tobacco retailing with the aim of reducing underage smoking and overall smoking prevalence in the country. This law is having a major impact on grocery stores, convenience stores, supermarkets and forecourt retailers, all of which can no longer sell tobacco products. As of July 1 2013, only a limited number of shops branded as “National Tobacco Stores” are allowed to sell tobacco products at fixed prices. At the end of 2013, tobacco sales through modern grocery channels dropped a massive 24 percent, and illicit trade sales are expected to grow from 10 percent at the end of 2013 to 12 percent by 2014.
Home care companies in the United Arab Emirates are seeking new ways to position products as environmentally friendly and sustainable. Consequentially, positioning products as environmentally friendly can also mean reducing pack sizes and packaging costs. Unilever led the way for this trend releasing liquid laundry detergent concentrate in smaller pack sizes in the Middle East, and in the next several years concentrated liquids are expected to perform well across all of home care.
Pepsi recently announced the launch of “Pepsi Made With Real Sugar” for summer 2014. The launch is indicative of Pepsi’s scattered strategy as of late. In a short period of time, Pepsi has changed their logo, bottle shape, sweetener offerings and product sizes. Given consumer reaction to high fructose corn syrup, Pepsi hopes that their latest offering will be seen as a healthier option in what has become an indulgent beverage category. Carbonates have been declining in sales as in the US and other developed markets, and Pepsi’s hope is that with different products, sizes and flavours, current Pepsi drinkers will have alternative products to drink without leaving the carbonates category altogether.
The 2014 World Cup in Brazil presents a huge opportunity for sportswear companies. Although Adidas is sponsoring the FIFA tournament, Nike is sponsoring more national teams, including Brazil. Due to the presence of Nike in the country during the world cup, it is expected Brazil will surpass Japan to become Nike’s third largest market in the next year. Overall, sportswear sales in Brazil are expected to grow by a massive 67 percent over the next five years.
La crisis ha cambiado el panorama del bricolaje en España. En el pasado, la gente contrataba "manitas", albañiles y pintores para las obras en casa. Desde que comenzó la crisis, los consumidores españoles se han vuelto especialmente sensibles a los precios y una especie de fiebre del "hágalo usted mismo" recorre el país. A pesar de estos factores, el mercado del bricolaje sigue sin registrar un crecimiento positivo, aunque la caída en 2013 fue ligeramente menor que la de 2012.
La crisis ha cambiado el panorama del bricolaje en España. En el pasado, la gente contrataba "manitas", albañiles y pintores para las obras en casa. Desde que comenzó la crisis, los consumidores españoles se han vuelto especialmente sensibles a los precios y una especie de fiebre del "hágalo usted mismo" recorre el país. A pesar de estos factores, el mercado del bricolaje sigue sin registrar un crecimiento positivo, aunque la caída en 2013 fue ligeramente menor que la de 2012.
La crisis ha cambiado el panorama del bricolaje en España. En el pasado, la gente contrataba "manitas", albañiles y pintores para las obras en casa. Desde que comenzó la crisis, los consumidores españoles se han vuelto especialmente sensibles a los precios y una especie de fiebre del "hágalo usted mismo" recorre el país. A pesar de estos factores, el mercado del bricolaje sigue sin registrar un crecimiento positivo, aunque la caída en 2013 fue ligeramente menor que la de 2012.
The economic crisis has changed the landscape of the home and garden market in Spain. In the past, consumers would hire handymen, decorators and builders for their home improvement needs. Since the crisis, consumers in Spain have become increasingly price sensitive and a do-it-yourself attitude has swept the country. Despite the changing spending habits, the home and garden market has yet to see positive growth, however the declines in 2013 was slightly less than in 2012.
Six out of the top ten largest cities for household spending in 2014 are located in China. The country’s rising income levels are creating ideal conditions for spending, and businesses in these cities are likely to find growing opportunities for sales in sectors such as communication, education and health services. The top 10 cities for household spending will see their average spend expand by 5 to 10 percent in 2014, compared to a worldwide expansion of just 1.2 percent.
Income inequality is one of the greatest risks to the global economy today, and with austerity measures, tax policies and widespread corruption all leading to greater inequality, the problem is widespread. Not only can income inequality undermine business environments, but it can also lead to political instability. Euromonitor forecasts that into 2030, income inequality will widen in 70 out of 85 countries, highlighting the fact that narrowing income inequality is no easy task.
As the fiscal year closes on 2013, several surprises have occurred in the packaged food industry. Danone, for example, took a huge hit in the third quarter of 2013 due to product recalls, and Mondelez’s 2013 results were less than 1 percent growth in terms of net revenue due to the lackluster sales of the Oreo brand in key markets. These hard hit brands can look forward to 2014, as global events such as the World Cup can help packaged food bands, especially in the snack sector, regain lost revenue.
Contact lenses are growing faster than spectacles in Singapore as consumers view contacts as more stylish and convenient than spectacles. Consumers in Singapore are fashion conscious, and manufacturers can regain sales by marketing spectacles as a fashion accessory. The company Owndays has already started catering to this trend using a ‘fast-processing’ method allowing consumers to walk out the door with stylish frames and prescription-based lenses in hand. Euromonitor expects the fast-processing trend to expand to other countries in the Asia-Pacific region as consumers search for convenient, fashion-sensible spectacles.
The government clampdown on extravagance in China is impacting the luxury market, with luxury accessories, wines and men’s timepieces taking the brunt of the law’s impact. The clampdown is aimed at officials who spend government money lavishly as the new ruling party takes steps to reshape its image. Since most government officials are male, men’s luxury categories are underperforming. However, women’s luxury categories such as beauty and personal care and women’s handbags are still performing well.
The global market for nappies/diapers is on the upswing, with the category as a whole seeing 5.5 percent growth since 2008. However, when an economic crises emerges in less economically stable countries, nappies/diapers use per child decreases as consumers either look to conserve the amount of diapers per baby or switch to cloth diapers all together. Euromonitor data shows that along with the declining use of diapers there is an increase in the sales of nappy rash treatment. Manufacturers of diapers in these economically unstable countries should look to promote themselves by educating consumers against diaper rash.
The vitamins and dietary supplements market in Western Europe is stagnating due to market maturity and economic turmoil. Eastern Europe is an option to companies looking to expand sales given its proximity to Western Europe and higher-than-average sales in the vitamins and dietary supplements market. Russia is the largest market in Eastern Europe with the vitamins and dietary supplements category valued at 2 billion euros, making it an obvious choice for companies looking to enter the region.
In an attempt to curb Japan’s overwhelming debt level, consumption tax in the country will be raised from 5 percent to 8 percent in April 2014, with most companies passing the burden of the tax onto consumers and some companies raising prices of their products. For example, the price of Coca-Cola from a vending machine will be raised by 10 yen and other companies are charging the same amount for a product but are shrinking packaging size. As a result, many consumers in Japan did last-minute shopping in March to buy products before the tax hike takes effect, and many retailers offered special sales during this rush. The amount of money spent by consumers in March is expected to cover any potential losses by retailers over the next few months, but it remains to be seen how the tax will impact Japan’s economy in the long-term.
Il mercato delle vitamine e degli integratori alimentari vale 64 miliardi di euro ed è in continua crescita. Tuttavia, l’Europa occidentale comincia a mostrare segni di maturità. Al contrario, l’Europa dell’est ha visto una crescita del 5% negli ultimi quattro anni, al di sopra della media mondiale. La Russia, in particolare ha registrato una crescita media dell’ 8% tra il 2009 e il 2013 e costituisce un mercato di grande interesse per le aziende del settore, come spiegato nella presentazione di Euromonitor per il convegno Federsalus.
Nuo šių metų balandžio 1 d. Lietuvoje įsigalios alkoholinių gėrimų akcizų pakeitimai. Didindama akcizinius mokesčius, Vyriausybė siekia išlyginti apmokestinimo skirtumus tarp skirtingų alkoholinių gėrimų kategorijų. Vyresniosios rinkos analitikės Robertos Kniuipytės teigimu, naujieji akcizai paskatins pirkėjus persiorientuoti nuo silpnųjų alkoholinių gėrimų prie stipriųjų ir turės įtakos dar didesniam nelegalios alkoholio rinkos augimui šalyje.
The borders of luxury spending are being redrawn with middle class consumers joining high end consumers in living a luxurious lifestyle. Affordable luxury is becoming commonplace as consumers buy luxury items at discount outlets or second hand stores. Consumers demand luxury in their travel as well, and more budget hotels are upgrading services and design esthetic to cater to these needs. There is a downside to this trend however. According to a Korean Chamber of Commerce survey of adults aged 20 years or older who recently made luxury purchases, almost 30% of respondents were experiencing difficulties paying off their credit card debt.
Рынок спортивной одежды и обуви в России продолжает показывать двузначный рост. В 2013году в стоимостном выражение рынок вырос на 12%. По словам аналитика Марии Милашевич, одна из основных причин – растущий интерес к бегу и к марафонам, а также активная маркетинговая политика игроков рынка, которые активны в организации марафонов и продвижении бега в России.
The sportswear market in Russia increased by 12 percent in 2013 with growth driven mainly by footwear sales. The popularity of running as a hobby and as exercise is contributing to this growth, as companies such as Nike, Adidas and Mizuno sponsor marathons and other races in the country. Beyond organization and sponsorship, footwear companies are expected to take an active role in starting running clubs and training events, which will pair footwear brands and the act of running in many Russian consumers’ minds.
A revised excise tax for alcoholic drinks in Lithuania is set to begin on April 1, 2014, increasing taxes on wine by 14 percent, beer by 10 percent and spirits by 1 percent. This is good news for the spirits industry, as taxes on spirits will be raised the least, therefore making spirits more affordable to consumers. However, the flow of illicitly traded alcoholic drinks may increase in the country due to the new taxes, which are set to be revised and most likely increased again in 2015.
The situation in Ukraine is wreaking havoc on worldwide commodities markets, especially in energy and food. Ukraine is known for its high output of wheat, and prices may soar if there is continued unrest in the area. Oil prices, which are already increasing due to rising demand and slowing growth in shale oil reserves in the US, could escalate extremely if Russia withholds oil or gas from the country.
Although the eurozone contracted by 0.4 percent in 2013, the largest economies in the region showed positive growth that will continue into 2014. Germany will achieve a small economic boost in 2014 dependent on exports, meaning any external shocks could weaken the economy. France will also see positive but weak growth alongside high unemployment rates and structural reforms are imperative to revitalise the economy. Italy will finally see small positive growth after two years of economic decline, with public debt being a major concern. Although these economies are expected to grow, the economy across the region will have to considerably strengthen for unemployment to recede.
Il mercato del giardinaggio in Italia ha registrato una caduta del 4% nel 2013, a causa della congiuntura economica negativa e delle avverse condizioni ambientali nella primavera del 2013. Tuttavia, i prodotti naturali ed organici usati per il giardinaggio hanno tratto beneficio dalla crescente attenzione degli italiani per l’ambiente e per la salute. Alcune aziende del settore hanno lanciato nuovi prodotti che rispondono a queste tendenze, come spiega Cruz Del Barrio, responsabile per la ricerca nel settore “Home and Garden” in questo podcast.
The home and garden market in Italy fell by 4 percent in 2013 amidst a poor economy and an unexpected rainy season. Home and garden companies however, can leverage Italians organic and natural product preference to grow sales as consumers demonstrate increased interest in non-chemical products, recycling and environmental sustainability. Over the next five years, Euromonitor expects a myriad of products launching in the home and garden sector catering to green consumers, from energy-efficient power tools to natural pest control.
2014 will see tissue and hygiene companies investing more heavily in emerging markets and divesting in developed markets. In developing countries such as China, tissue and hygiene companies will move from higher to lower populated cities, targeting rural consumers. In developed countries, more divestments are taking place as private label products become a real threat. For example, in 2013 Kimberly Clark exited the diapers category in Western Europe and Johnson and Johnson left sanitary protection in North America.
China’s wages are increasing and the world is looking for another country able to manufacture goods at lower costs. India, Indonesia, the Philippines and Vietnam could all potentially take away manufacturing jobs from China. Investors are not only looking for countries offering low wages but also good infrastructure, and all four countries meet those requirements. Vietnam, for example, is already producing the bulk of Samsung’s electronics. India already leads the outsourcing market globally and is the second most populated country in the world. In the future, China will likely continue to lose ground in manufacturing outsourcing to other developing countries.
The periphery economies of the Eurozone, Portugal, Ireland, Greece and Spain, saw the largest falls in their respective GDPs during the economic crisis and all received bailouts. Although the four countries are performing better as of late, all have a long way to go in their economic recovery. Portugal narrowly avoided a second bailout in 2013 and is expected to return to economic growth in 2014. Ireland, through a series of austerity measures and reforms, has managed to reduce its debt to around 7 percent of its total GDP in 2013. Greece’s economy should return to growth by the end of 2014 after its sixth straight year of recession but looks like it may receive yet another bailout. Finally, Spain’s economy is expanding at the fastest rate since 2008, but unemployment still remains a problem.
The market for tablet-based laundry detergent in Italy took a sharp decline in 2013 following impressive growth in previous years. Consumers in Italy, worried about a possible economic downturn, are conserving not only their money but also their washing detergent, making sure to wash with only the necessary amount. The control that liquid detergent provides means Italians are not buying tablet-based detergent, which requires one tablet per wash. As modest growth is expected in Italy over the next few years, it is likely Italians will return to tablet based detergent.
The Networked Readiness Index (NRI) is a ranking published yearly by the World Economic Forum measuring the likelihood a country exploits opportunities in information and communications technologies and is used to benchmark the sophistication and development of a countries IT infrastructure. This measure is important for businesses looking to enter new countries as it can easily determine if a country can support a business that relies on the Internet.
Kraft and Mondelez recently released their first full year results after the historic splitting of Kraft Foods Inc. The results see Kraft recording relatively stagnant growth while Mondelez only grew slightly. However, Mondelez is better positioned to take on the global market, as its portfolio contains products growing faster in emerging markets such as confectionary and biscuits. In order for Kraft to have a similar global position, it should leverage its well-known brand names into newer, faster growing categories.
A 2010 national survey of consumers in Colombia found poor of the nutritional habits. To change these habits, the country has been airing television ads, internet campaigns and publishing health information in newspapers and magazines. One important way Colombian are addressing their issues are with an increased uptake in vitamins and supplements. While an exercise routine or dietary change may be a daunting task, taking a daily supplement is an easy adjustment, and this practice is responsible for sales of over Col$587 billion in vitamins and dietary supplements in 2013.
En una encuesta nacional que se hizo a los consumidores colombianos en 2010 se reveló que los colombianos tienen malos hábitos nutricionales. Para cambiar estos hábitos, en el país han estado saliendo al aire anuncios de televisión, campañas de internet y se ha estado publicando información acerca de temas relacionados con la salud en periódicos y revistas. Una manera importante en que los consumidores en Colombia están enfrentando este tema es con un mayor consumo de vitaminas y suplementos. Mientras que una rutina diaria de ejercicios o un cambio en la dieta puede ser una tarea muy difícil de lograr, tomar un suplemento al día es un ajuste mucho más factible y justamente esta práctica es responsable de que el mercado de vitaminas y suplementos haya visto ventas por sobre los Col$587 mil millones en 2013.
Wearable electronics, such as Google Glass and smart watches, help manufacturers explore an untapped personal electronics market. Although not all wearable electronics have caught on with consumers, devices centered on healthy living and fitness are expected to grow the most. The category as a whole is expected to expand rapidly in 2014 in Western Europe, globally by 2016 and will sell around 250 million units by 2018.
Nestlé recently launched a new coffee pod system called the Nespresso VertuoLine, capable of brewing an 8 ounce cup of coffee and a 4 ounce cup of espresso. Nespresso is a distance second in the North American coffee pod market behind Green Mountain, makers of the Keurig machine. With the VertuoLine, Nestlé hopes to gain ground on Green Mountain however pricing and limited access to the coffee pods may prevent the success of the new machine in North America.
Digital consumption, the use of products or services via the Internet by consumers, is on a constant rise as more and more consumers gain Internet access. Consumption of entertainment based services will be the number one trend in 2014, with companies such as Netflix and Apple gaining massive amounts of subscribers and expand into emerging markets. Purchasing consumer appliances via the internet is the second trend, which has been steadily gaining ground since the beginning of ecommerce. The ease of delivery makes buying appliances online attractive to consumers. The third trend is social media migration which will see more consumers, especially younger consumers, moving from well-known services such as Facebook to lesser known social media providers.
AEON, one of Japan’s largest retailers, opened its first shopping mall location in Ho Chi Minh City, Vietnam in January 2014. The mall is one of the largest in Vietnam and includes an AEON hypermarket inside the facility. Vietnam saw double digit value growth in retailing in the last five years, making it a prime target for AEON, which has similar outlets in only three other Asian countries. AEON plans a fast expansion in the country, which will heat up competition with local Vietnamese players.
El mercado mexicano de alimento para mascotas es el décimo más grande del mundo. Sin embargo más que su tamaño, el mayor interés en este mercado recae en su dinamismo, ya que viene creciendo a tasas anuales de alrededor del 13% (en valor) desde 2008. En este podcast, Beatriz Torres, Analista de Investigación en Euromonitor discute las tendencias que hay detrás de este crecimiento, así como el impacto que tendrá en la industria la reciente aprobación del IVA al alimento para mascotas que incrementará el precio al consumidor en 16%.
Mexico’s Grupo Bimbo recently announced it will purchase the Canada Bread Company, a division of Maple Leaf Foods. Grupo Bimbo is set to gain a strong portfolio of well-established Canadian brands, although the heavily saturated bakery segment in Canada will not shift dramatically. Strong competition from both George Weston, Canada’s largest food processing company, and local artisan bread companies means Grupo Bimbo will have to tap into consumer trends and remain innovative to stay competitive in Canada.
Reducing sugar intake is a hot topic for health conscious consumers, media campaigns and even the World Health Organisation. Food manufacturers that release low-sugar versions of their products often find these items simply do not sell. Consumers either complain about the taste of these low-sugar variants or do not buy them outright, especially in indulgent categories such as confectionary. The best way for companies to lower sugar content is through “stealth reduction” –changing the formula of a food without consumer’s knowledge. If consumers do not know a product has changed, they will be less likely to notice a difference in taste. In beverages, the tactic is easier as consumers have been purchasing low-sugar, sugar free and sugar substituted beverages for years.
Brazil has been relatively untapped in the last five years by major multinational apparel companies due to the many entry barriers in the country. Weak infrastructure, high taxation on imports and soaring logistical costs were enough to delay apparel companies until now. Brazil’s economic boom is drawing the likes of Gap, Forever 21 and H&M into the country in 2014, although analysts speculate the growth is starting to subside.
Fast-casual operator Chipotle is known for its sustainable practices and non-traditional advertising, but the chain is headed into new territory by launching an online TV show called “Farmed and Dangerous” premiering on Hulu.com. The show is a satirical look at the industrial farming industry in a similar vein to the company’s recent animated videos. With this show, Chipotle wants to connect to its core audience through shared values, symbolically uniting with its customers for a cause. The company is also taking a risk – Chipotle needs to strike the right balance between value sharing and transparency about its goals and advertising angle. It’s clear, however, that traditional advertising is becoming less effective and more brands will attempt to connect with consumers on a deeper level through ‘lifestyle advertising’.
Consumer appliance manufacturers want to boost profitability in both Western Europe and North America. With the market for washers already saturated in both markets, appliance manufacturers are pushing dryers in Western Europe where penetration is low. In North America, companies are innovating with new technologies such as the self-dosing washing machine. Industry Analysts Cristina Baus and Lorenza Della Santa compare consumers’ needs in Western Europe and North America to explain current failures and potential opportunities in home laundry innovation and product development.
Euromonitor International is pleased to introduce Sound Bite, a new monthly podcast series discussing food markets worldwide. In this episode, Lamine Lahouasnia, Head of Packaged Food Research and Ildiko Szalai, Senior Food Analyst discuss the Chinese dairy and baby food market. The Chinese market is the main focus for many international food producers as the country currently has no international penetration in many of its food markets. Although China has many regulations and restrictions about foreign players acquiring local brands, companies such as WhiteWave in the US have formed joint ventures as a way to enter the country.
The European Union Trilogue, which consists of the Parliament, Council and Commission, recently agreed on a final proposed draft of the revised Tobacco Products Directive with several key changes. Notably, all packs will carry a 65% graphic health warning, all flavouring, including menthol, will be banned, e-cigarettes will be regulated more as tobacco products than as medicines and there will be no ban on slim cigarettes. The text must be finally approved by the EU Parliament and Council before it becomes law. Shane MacGuill, Tobacco Research Analyst states that the law is set to be a draw between tobacco companies and regulators. Although the tobacco market in the EU can’t afford any more restrictions, the failure to ban slim cigarettes is good news for the industry.
The global commodities market saw volatility throughout December 2013 and into 2014, a trend expected to continue well into the year. Salmon saw a huge price rise in December 2013 due to poor weather in Norway, one of the world’s largest salmon exporters, and a high demand in the eurozone. These factors created a 23.5 percent rise in salmon prices. In hard commodities, a lull in industrial activity and supply buildups created low demand and low prices for metals. Coal and natural gas prices, on the other hand, are skyrocketing due to the polar vortex in the US, causing many consumers to use more of these fuels than normal to heat their homes.
Зимние Олимпийски Игры несомненно оказывают влияние на различные сферы жизни страны. В подготовку Зимних Олимпийских Игр в Сочи Россия инвестировала огромные финансовые средства, которые, по словам старшего аналитика Виталия Владыкина, вряд ли окупятся в краткосрочной перспективе. Но с другой стороны, Олимпийские Игры помогут Сочи продемонстрировать свои возможности всему миру, а успех национальной команды положительно повлияет на потребителей и экономику всего государства.
Russia invested a massive US$60 Billion into the preparation of the 2014 Winter Olympics games. The country is unlikely to see a return on its investment. However, Russia may exit the Olympics with a better international image if the games go well as incoming travelers will be greeted with up-to-date transportation, hotel accommodations and attractions. Companies such as Proctor and Gamble, Samsung and Coca-Cola have already launched massive advertising campaigns for the Olympics, bringing attention to the games and to Russia. A strong Russian Olympic team is also important as winning gold medals promotes national pride and consumer confidence, something of great importance to a country with low economic forecasts.
Who controls the consumer conversation? Once dominated by a few major brands and categories, the global soft drinks industry has seen a steady fragmentation in both consumer spending and consumer attention. With so much choice, however, comes growing demand for a guiding hand in beverage choices, a role more and more retailers and foodservice operators are happy to play.
The ‘Fragile Five’, a term coined by Morgan Stanley, are five countries expected to be hit the hardest by the US Federal Reserve taper - Brazil, India, Indonesia, South Africa and Turkey. Sarah Boumphrey, Head of Countries and Consumers research at Euromonitor, states that grouping all these economies together gives a false impression they will be similarly affected by the taper. Even though economic issues persist in the five, other emerging markets will be at risk as well although a long term emerging market crisis is unlikely.
2014 will be a defining year for the luxury goods industry, states Fflur Roberts, Head of Global Luxury Goods Research at Euromonitor. The US will lead the way in growing the luxury goods market, fueled by the fastest economic growth in two years. Middle class confidence is expected to return to the country and many consumers whom abandoned luxury goods are expected to return to the industry.
Flavored bottled water, which was historically marketed to young female consumers in Chile, is discontinuing its segmented marketing strategy and adopting a gender-neutral status. High obesity rates in Chile are giving consumers a new healthy mindset, and more men are buying flavored bottled water regardless of label colour or product name in an effort to drink healthier beverages. Therefore, companies are adjusting their bottled water products to fit this trend. Due to this healthy attitude, Euromonitor expects flavored bottled water in Chile to grow by 13 percent in volume terms in the next five years.
El agua embotellada saborizada que era comercializada a las mujeres jóvenes en Chile, está dejando de lado el marketing dirigido hacia las mujeres y adoptando una postura neutral en cuanto al género. Las altas tasas de obesidad en Chile están dándole a los consumidores una nueva mentalidad saludable y más hombres están comprando agua saborizada sin importar el color de la etiqueta o el nombre del producto con tal de beber algo más saludable. De esta manera, las empresas están ajustando sus productos de agua embotellada para satisfacer esta tendencia. Gracias a esta actitud saludable, Euromonitor espera que las ventas de agua saborizada en Chile crezcan 13% en términos de volumen en los próximos 5 años.
Many operators in the US and Europe report online sales account for between 20-40 percent of delivery transactions, therefore operators are continually seeking innovation in the digital space. For example, Pizza Hut recently reported its branded app for the Xbox 360 gaming console generated USD$1,000,000 in the four months since its launch. At the Consumer Electronics Show in Las Vegas, Domino’s Pizza announced a partnership with Ford Motor Company, introducing an app for the Ford SYNC that enables a driver to order Domino’s through voice command in the car. The success of the Pizza Hut app means other foodservice companies will be looking to establish a digital presence in smartphones, tablets and gaming devices.
Arabica green coffee beans dropped to their lowest price in seven years in 2013, states Dana LaMendola, Beverages Industry Analyst at Euromonitor. Arabica coffee beans are usually harvested in a two year cycle, with one year yielding a much larger crop than the other. Considerable progress has been made to streamline the process and in 2013 the harvest was larger than anticipated, meaning supply outweighed demand, and many coffee companies were forced to cut product prices. As a result, in 2014 Arabica beans may replace the lower-priced Robusta beans in lower-grade coffee products.
Global expenditure saw modest growth in 2013, hampered by the US sequestration, the Federal Reserve taper and the economic downturn in the eurozone. There are several initiatives in place helping consumer spending regain traction in 2014 such as Japan’s quantitative easing policy, which An Hodgson, Income and Expenditure Manager at Euromonitor, says will have a positive impact on the global economy.
In 2013, global packaging volumes in beauty and home care saw a new increase by 3%. A major driving force behind this growth is undoubtedly the rise in income levels in developing regions such as Asia Pacific and Latin America. Overall, key trends which are set to shape beauty and home packaging markets to 2018 will include consumer demand for functionality and environmental ethics; yet Karine Dussimon, Senior Packaging Analyst, says that these will not be as crucial as the need to convey value for money.
Euromonitor International’s Cities research team identified seven key global cities they consider the best markets for business expansion. These cities were chosen for their rapidly growing income levels, expanding population size, improving demographic situations and decreasing unemployment levels. Listen to the podcast to find out which seven cities are included in the list.
Doug McMillon is set to replace Mike Duke as the CEO of Walmart on February 1, 2014. McMillon has been with Walmart for over 25 years, and Raphael Moreau, Retailing Analyst at Euromonitor does not expect McMillon to make any drastic changes following the switch. The company faces numerous challenges in the upcoming months, including stagnant growth in the US market due to consumers leaving for dollar stores and neighborhood markets. Walmart also faces challenges in its foreign markets - its Asda chain in the UK has slowed in sales, and corruption scandals have surfaced in its Mexico-based stores. McMillon has to spur growth both domestically and foreign, and reassure investors that any cases of corruption will not be repeated.
Согласно данным Euromonitor International, российский косметический рынок является одним из наиболее близких к стагнации.По итогам 2012 года рост рынка в денежном выражении не превысил 6 процентов. Однако, по словам аналитика Анастасии Гончаровой на российском рынке косметики и парфюмерии видны новые тенденции. Одна из них - так называемые бьюти-блоги, где блоггеры активно делятся впечатлениями о косметике со своими подписчиками.
Beauty blogs offer people the opportunity for people to share their impressions of certain beauty products online; such blogs are gaining rabid popularity in Russia. Many Russians cannot afford to spend money on luxury beauty items only to find that they do not like the product, therefore the most popular beauty blogs focus strictly on reviews of luxury items. Manufacturers and retailers are taking an interest in these blogs, sending free samples to bloggers to review and in some cases signing contracts with bloggers who will then review exclusively for one company. Although the influence of bloggers on the Russian beauty market is short–term, beauty blogs do accelerate sales of certain brands.
American foodservice chain Buffalo Wild Wings recently switched its soft drink provider from Coca-Cola to Pepsi. This move is not just about the soft drinks available at the chain, but about gaining access to Pepsi’s diverse packaged food offerings. The possibilities for product innovation at Buffalo Wild Wings are now immense and may include items such as Dorito’s encrusted chicken wings. Michael Schaefer, Head of Foodservice and Beverages Research and Jonas Feliciano, Beverages Industry Analyst say this is a sign that large foodservice players will ask soft drink providers to both stock their soda machines and partner on product development.
The Danish government recently introduced restrictions on pack sizes for over-the-counter analgesics. Packs that used to contain as many as 300 pills are now restricted to no more than 20. The restrictions are a means to curb the suicide rate in Denmark, as overdosing on analgesics is a sadly common method amongst young women. Analgesic manufactures welcomed the restrictions, and negative press for over-the-counter medication is expected to subside. Unit volume prices are rising as a result of the smaller packs, and the total market size of analgesics in Demark are expected to increase by 18 percent in value terms in 2014.
Urbanisation is one of the most important demographic trends, states Media Eghbal, Country Insight Managing Editor at Euromonitor International. The world is experiencing the fastest urbanisation rate in history due to agricultural automation and rural consumers looking for better opportunities in large cities. Urbanisation brings challenges including pollution, traffic congestion and a strain on public services despite job creation in construction, property development and urban planning.
Euromonitor has identified a group of frontier markets rivalling the BRICs in terms of investment potential and booming luxury goods markets: Malaysia, Indonesia, Turkey, Mexico, Thailand and South Africa. Although these countries only make up around four percent of total luxury spend worldwide as of 2013, that number is expected to grow in the upcoming years.
Fast fashion retailer H&M is expanding into premium territory in an effort to compete with rival retailer Zara. Historically, Zara has been seen by consumers as a more premium brand able to charge higher prices. To advance its premium venture, H&M is partnering with world-famous fashion designers and is pushing its own design expertise during events like Paris Fashion Week. Ashma Kunde, Apparel Industry Analyst at Euromonitor, states that this is a necessary move for the H&M, but the company should strive not to alienate its core, price-conscious consumers.
The proposed plain packaging law in the UK, previously turned down, is now back in play. An academic review of plain packaging has begun, examining Australia’s success with the law. Shane MacGuill, Tobacco Industry Analyst at Euromonitor, expects a similar law to be passed in the UK before the next election in 2015. Now that plain packs are back on the agenda in the country, worldwide discussion is expected to follow which could spell bad news for tobacco companies.
La tasa de natalidad en Chile es la segunda más baja de Latinoamérica después de Cuba. En 2013, el mercado de pañales en este país será aproximadamente 3% menor en términos de volumen que lo que registró en 2012. David Mackinson, Analista en Euromonitor analiza esta particularidad del mercado apuntando hacia una premiumización y hacia el crecimiento de otro sector; los pañales para adultos.
Birth rates are slowing in Chile, and as a result the market for diapers is slowing with manufacturers of diapers finding new ways to target consumers in the country. As the population gets older, there is a greater focus on adult incontinence products typically produced by the same companies manufacturing infant diapers. Also, premiumisation is a huge trend in Chile, and companies are manufacturing premium products at higher price points. These strategies are proving successful for tissue and hygiene companies in the country thus far.
The Chinese government is prioritising research and development, granting double the amount of patents over the 2007 to 2012 period. The country has the highest number of science graduates in the world, a title it has held since 2004. With the economy in the US still recovering and the crisis in the eurozone, the possibility exists for China to become the world’s next innovation hub.
Hilary Walsh, Economy, Finance and Trade Manager at Euromonitor responds to former Goldman Sachs economist Jim O'Neill’s new list of emerging economies, dubbed MINT. This acronym stands for Mexico, Indonesia, Nigeria and Turkey. In this podcast, Walsh gives her opinion on whether the MINT economies will become important to the global economy over the next few years or if other countries offer better economic prospects.
A transition in the Swedish milk market took place in late 2011 when the dairy giant Arla acquired Milko, reaching an almost monopolistic state. The Swedish Competition Authority required Arla to sell one of its recently acquired dairy plants, purchased from the country’s largest grocery retailer Coop. The company pledged to use the plant to sell its own private label milk for 5 percent lower than competitors, starting a private label milk frenzy with companies trying to outdo each other in price points. Due to this competition, Euromonitor expects private label milk sales to increase by 20 percent by the end of 2013.
As both McDonald’s and Panera prepare to take their restaurant brands to the coffee aisle in US grocery stores, Euromonitor Beverages Analyst Jonas Feliciano discusses whether chained foodservice players have any advantage in this fast growing category and the impact that these moves will have on the beverages industry as a whole.
Even more consumers will be shopping online on computers or their mobile devices this year with nearly half of consumers planning to buy gifts online, according to a Google consumer survey. Shopping is starting earlier than ever; Black Friday and Cyber Monday in the US are mainstays in the holiday shopping season and in China the online shopping day known as “single’s day” took place on November 11. Daphne Kasriel, Consumers Editor at Euromonitor, explores shopping trends by region in this podcast.
2013 marked the third year of El Buen Fin, Mexico’s answer to Black Friday in the US. The event takes place over the long weekend leading up to Revolution Day which was November 15-18 in 2013. El Buen Fin started in 2011 as a joint initiative between the Mexican government and ANTAD, the country’s major retailing association. Final figures are not yet available but estimates indicate that sales for 2013 are 10 percent higher than 2012. Bethany Gomez, Research Analyst for Mexico at Euromonitor explains the rocky past of El Buen Fin and explains the difference between the event and Black Friday.
Lauren Bandy, Ingredients Analyst at Euromonitor, recaps her presentation at Food Ingredients Europe. Even though volume sales of food and beverages in Europe are shrinking, retail value is growing, pointing to manufactures adding value to products with ingredients. Bandy ranks the top five of these added value ingredients in terms of forecasted growth and explains why each of these ingredients are growing in use.
September 2013 saw the sixth straight quarter of a global decline in personal computer sales, mainly due to the rise of mobile devices such as the smartphone and tablet. Pavel Marceux, Contributing Analyst for Technology, Communications and Media at Euromonitor states that in developed markets, consumers are not upgrading their PCs. In emerging markets, consumers are choosing handheld devices as their first computing platform and are circumventing the PC altogether. Marceux states that the PC industry will have to adapt by targeting businesses rather than individual consumers.
Fluctuation in prices was the main story in soft commodities in October. Wheat prices rose sharply as concerns arose due to the smaller than usual crop in Argentina. Prices fell once rumors spread India would cut its flour price for wheat exports. A fire in a Brazilian port engulfed around 150,000 pounds of sugar in mid-October, temporarily raising sugar prices. Francisco Redruello, Senior Foods Analyst at Euromonitor, also discusses cocoa and skim milk powder in this monthly roundup of soft commodities.
El mercado mexicano de ropa presenta gran dinamismo, en 2012 las ventas alcanzaron 185.600 millones de pesos mexicanos (US$14.100 millones). Según la analista de Euromonitor, Beatriz Torres, el buen desempeño se debe a tres razones, el incremento en el ingreso disponible, el acceso al crédito y la migración hacia canales formales de distribución. Por otra parte la llegada de muchas marcas multinacionales como Gap, American Eagle y H&M -que abrió su segunda tienda más grande del mundo en Ciudad de México- es uno de los eventos más importantes de la industria en los últimos años.
While American fast food chains can be found in nearly every corner of the globe, there is still a whole world of American cuisine which only recently began appearing outside US borders. In this podcast, Michael Schaefer, Head of Beverages and Foodservice research, discusses the possibility of regional American cuisines becoming the next big thing in global foodservice. These cuisines might be particularly popular in Western Europe, where a combination of bold flavours and simple, rustic authenticity is proving to be a powerful draw.
Older consumers are attracting the attention of companies due to both the rising number of elderly people and their growing incomes. By 2020, the purchasing power of the global population aged 65 and older will be 54 percent larger than the total GDP of Latin America. The key to success when tapping into an older consumer market is to engage consumers on both high and low income levels, as a Euromonitor Survey showed that the propensity to save by older consumers in all income levels is low.
With laundry care on the rise and more consumers buying washing machines, companies are attempting to maintain sustainability practices in both developing and emerging markets. Ian Bell, Head of Home Care Research at Euromonitor, states that many manufacturers are tapping into their value chains to educate consumers about sustainable washing practices. Consumers may get information about cold water washing at a retail store, for example. To read more about how companies are implementing sustainable business practices for long term growth, download a copy of “Sustainability and the New Normal for Natural Resources.”
Domestic products in Slovakia are disappearing on store shelves in the country. Only 44 percent of all products in Slovakia were produced domestically in 2013, compared to 70 percent in countries such as Poland and Hungary. In response to this, the Ministry of Agriculture of the Slovak Republic passed a law aiming to educate consumers about domestic products when they step into a store. Information about Slovakian products must be displayed on store fronts and on store websites. Some retailers say the new law will bring administration and maintenance costs.
Tylenol sales have fallen drastically from 2007 to 2012 due to product recalls and production shutdowns. Now, Johnson and Johnson, which owns the brand, is promoting a re-launch of Tylenol with a new advertising campaign focusing on what pain relief enables, rather than the hindrance of pain. Chris Schmidt, Consumer Health Industry Analyst at Euromonitor, states that although sales of Tylenol in the US fell by almost one billion US dollars since 2007, the brand image hardly suffered at all and Tylenol should be able to climb back to the top three analgesic brands by 2017.
The apparel and footwear market in Romania has developed tremendously over the past two years, thanks to retailers such as H&M moving into the country. In fact, in the first half of 2013, H&M almost doubled its 2012 sales in Romania. Sales of apparel and footwear in Romania are expected to grow even more in the upcoming years with the country’s economic recovery rising consumer incomes.
The European Union passed several tobacco regulations on October 8, 2013 banning menthol cigarettes and the use of words such as “light” and “organic” to describe cigarettes and requiring larger warnings on cigarette packaging. Shane MacGuill, Tobacco Industry Analyst at Euromonitor, describes the regulations in full, explaining whether the decisions are a win or loss for the tobacco industry.
Japan and Hong Kong/China have the oldest average populations in the Asia Pacific region, and each country is doing more to help older consumers as their spending power increases. In Japan, which has the highest average age in the world, the government is looking to end inflation which affects older consumers the most. Sarah Boumphrey, Head of Countries and Consumers Research at Euromonitor, states that older consumers enjoy experiencing new things just as much as younger consumers. Therefore the key to marketing to older consumers is to serve them without patronizing them.
The Nordic Council of Ministers recently published a new edition of the Nordic Nutrition Recommendations, serving as a guideline for foodservice outlets, packaged food manufactures and health and wellness manufacturers in the region. Changes to the old edition included a slight increase in the recommended amount of daily energy intake and an increase in the recommended daily vitamin D intake. The new recommendations will be a focus for manufacturers and will affect new product launches in the region immediately.
Wheat and corn had very different futures in September: wheat futures went up by 5% due to Egypt returning to the market and buying, and corn futures decreased by 7% as a result of the drop in price of soy beans. Since soy beans can be used as a corn substitute in cattle feed, soy beans are being purchased instead of corn. Francisco Redruello, Senior Food Analyst at Euromonitor, also discusses sugar, cocoa and skim milk powder in his monthly roundup of soft commodities.
Sports nutrition is a fast growing market in the United States and Gatorade quickly released several products to capitalize on the trend. Energy chews and recovery shakes from the company are readily available but have not sold well since their release. Jonas Feliciano, Beverages Industry Analyst at Euromonitor, states that Gatorade’s core audience is not specifically interested in sports nutrition. As average athletes, or they look for a refreshing beverage on a hot day. Gatorade has since started offering deals on their traditional drinks in convenience stores and have seen a rebound in sales.
Traditional toy stores are on the decline worldwide, facing competition from toy sales in grocery retailing. The convenience of buying toys while grocery shopping is enticing to parents, and grocery stores have the benefit of offering cheaper products as well. However, there are some manufacturers pulling their products from grocery stores because of less than profitable margins and if this trend continues globally, there may be a revival in traditional toy stores.
EBay has partnered with UK store and catalogue chain Argos for a “click-and-collect” trial allowing selected purchases from eBay to be picked up from 150 different Argos stores. Antonia Branston, Senior Retailing Analyst at Euromonitor, states this trial recognizes that in today’s multichannel retailing environment, no player can be purely in-store or online. Branston also considers other retailers who should expand their operations to multichannel environments.
There seems to be an app for everything, making it hard to believe the Apple App Store launched only in 2008. Daphne Kasriel, Consumers Editor at Euromonitor, explains current app trends including photo sharing, green consumers, life management and shopping. Although there are millions of apps available, there is still room for growth as consumers demand apps for new areas such as home automation and personal assistance.
Early last month, Alsea, the operator of Starbucks and Burger King outlets in Mexico, announced the purchase of Walmex’s restaurant division for US$630 million (Mx$8.2 billion), giving it full control of the popular Vips chain of family restaurants, among others. The move was a first for the company, which had previously focused on operating licenced global brands. It also came on the heels of the July 2013 purchase of a 25% stake in Grupo Axo, a marketer of brands like Tommy Hifilger, Guess, and Sephora in Mexico. In this podcast, Michael Schaefer, Head of Beverages and Foodservice, discusses what the rise of “super-franchisees” like Alsea in Latin America or MH Alshaya Group in the Middle East means for the evolution of global foodservice, while also commenting on the continuing convergence of foodservice and retail.
Baby food is a niche product in Russia with consumers preferring to serve baby juice to their infants. Dominated by local players, Russia’s baby juice market is almost completely produced inside the country with high sales attributed not only to babies, but even older children and adults. The product is seen as safer and more natural due to the country’s strict production requirements. The ongoing baby boom in Russia will continue driving innovation for the category.
The economic impact of the current US government shutdown is directly proportional to the amount of time it continues, says Sarah Boumphrey, Head of Countries and Consumers Research at Euromonitor. The longer the shutdown, the more GDP and consumer confidence will decline. The more frightening situation is the looming negotiations regarding the debt ceiling. Considering the shutdown, many analysts believe the US government may not reach an agreement on the debt ceiling in time. Boumphrey states that a non-agreement would be catastrophic and damaging to both the US and global economies.
What’s more important to the success of an energy drink – the functionality and flavour of the beverage or the marketing strategy? Jonas Feliciano, Beverages Industry Analyst at Euromonitor, argues the two go hand in hand and Red Bull’s rise to prominence is a perfect example. The association of energy drinks with extreme sports and edgy lifestyle can be pinpointed to Red Bull’s marketing strategy including purchasing the Jaguar Formula 1 team and publishing the lifestyle magazine “Red Bulletin” with other energy drinks following suit. Monster’s sponsorship of extreme sports athletes and Rockstar’s rock festivals are reverberations of Red Bull’s campaigns. Red Bull, however, continues to pave new ground outside the young male demographic with events such as Flugtag and the Stratos space jump.
In almost every country in Europe, the youth unemployment rate exceeds the total unemployment rate. These high rates are having a negative impact on the consumer goods industry, as unemployed young people lack spending power. Speculation is mounting that higher education is no longer worth the cost, and some institutes in Europe are reporting falling rates of attendance. However, Carrie Lennard, Government, Labour and Education Manager at Euromonitor states that those who have a lower education are less likely to be unemployed.
Angela Merkel was reelected in Germany’s national elections on Sunday, September 22, somewhat of a rarity in the eurozone with leaders supporting austerity measures facing election challenges. Carrie Lennard, Government, Labour and Education manager at Euromonitor states that Merkel’s reelection will positively impact the eurozone, with the region in need of strong, decisive leaders. Germany is the largest and most powerful economy in the eurozone, and Merkel is likely to continue the effort to stabilize weaker economies in the region.
New telecommunications technologies, such as fiber optic lines and 4G wireless networks, are helping consumers around the world connect to the internet and with each other at increasingly faster rates. Businesses that use landline driven connections, such as fiber options, benefit due to faster and more stable connectivity. Consumers, who tend to lean towards mobile telecommunications, also benefit from new technologies. However, some consumers have access to these technologies but can’t afford them; therefore, companies need to be careful where they invest in new infrastructure.
Los consumidores chilenos están experimentando estilos de vida donde el trabajo consume gran parte de su tiempo, por lo que tienen menos tiempo para hacer sus compras. Los canales de venta enfocados en la conveniencia, como las tiendas de conveniencia, tiendas de estaciones de servicio e internet se benefician de esta tendencia. En este podcast, Fernando Cruz, analista de investigación en Euromonitor nos da su perspectiva de cómo el consumidor chileno se está moviendo hacia la conveniencia en sus compras de alimentos.
Michael Schaefer, Head of Beverages and Foodservice, discusses the growing importance of locally-developed concepts serving foreign items tailored to local consumers. Commonplace in developed markets like the UK and US, where chains like PF Chang’s or Wagamama offer modernised, localised takes on foreign cuisines, such concepts are also beginning to appear in markets like China or the UAE, reflecting a growing assertiveness among consumers in these markets.
On the surface, wheat prices seemed to be stagnant in August. However, the USDA called for high crop prospects in Spain, France and Germany which lowered wheat prices. Freezing temperatures in Argentina and the subsequent crop loss raised prices and wheat futures leveled out going into September. Francisco Redruello, Senior Food Analyst at Euromonitor, also discusses corn, sugar, cocoa and skim milk powder in his monthly roundup of soft commodities.
China is set to overtake the US to become the largest market for food and beverage ingredients in 2014. China will consume 87 million tonnes of food and beverage ingredients in the next five years, and three quarters of that is expected to come from commodity ingredients alone - meat and grains for instance. Value added ingredients such as flavours and artificial sweeteners are also projected to perform well in China, especially health focused ingredients.
After years of emphasis on premiumisation, brand repositioning and outlet remodelling, American fast food is firmly revisiting its value core. Consumers have demonstrated their commitment to the lowest value tier, leaving operators with the difficult task of promoting low-margin items without losing out on profitability. In this podcast, Euromonitor International’s Global Foodservice Analyst Elizabeth Friend talks about new menu strategies and how operators are planning to squeeze incremental sales out of a price-conscious customer base.
Africa’s gross domestic product expanded by 229% between 2000-2012, well above the global average, with no signs of slowing production. Between the country’s abundant natural resources and demand from Asia Pacific, Africa is set to continue growing labour productivity and exports.
Sales of metal beverage cans recently have declined but new innovations are expected to increase sales. For example, Budweiser released a bow-tie shaped can in the US market as a brand awareness initiative. Coca-Cola released a can in Singapore that twists into two separate cans for sharing. This continuing innovation could help bring the metal can back to prevalence.
Coca-Cola Life, Coke’s first product sweetened with stevia, recently launched in Argentina. Coke’s launch plan is not random; Argentina’s health and wellness market has grown by 20 percent or more every year since 2003. In the soft drinks category, Coca-Cola Life is challenging the popular flavored waters category that combines low-calorie content with vitamins or antioxidants. Stevia, which is sweeter than sugar and has no caloric content, could be the key ingredient Coke needs to compete.
Emirates Airlines is the leading regional airline in the Middle East and North Africa with more than 11% of the airline market. It reaches 133 destinations as of June 2013 and plans to expand aggressively; especially in North America where talks with American Airlines are underway. Although several low cost carriers have opened recently in the region, these airlines are not expected to take away from Emirates as it has a strong customer base and luxury positioning.
The Belgian retailer Delhaize recently exited the Hungarian market due to a new tax in the country. This “special retail tax” impacts foreign retailers only, and combined with increasing competition in the retailing market, forced Delhaize’s three brands, Cora, Math and Profi, to sell their property to other retailers. The exit comes at a good time for retailers in Hungary seeking to expand their network as growth has been limited due to Hungary’s “Plaza Act” – a law passed in 2012 restricting the building of new outlets larger than 300 square meters.
Sarah Boumphrey, Head of Countries and Consumers at Euromonitor, discusses the reasons behind the world’s fastest and slowest growing economies of 2013. The fastest growing economies are all African and the slowest growing economies are located in Europe – all of which will end 2013 with smaller economies than they started with. Sarah also explores the largest and smallest countries in terms of discretionary spending, internet usage and business environments.
The founder of EasyJet, Sir Stelios Haji-Ioannou, is launching a low-cost food store to rival the likes of Lidl and Aldi in the United Kingdom. EasyFoodstore will focus on a limited range of basic, no name brand foods at bargain prices. Euromonitor Retail Analysts Antonia Brandston and Raphael Moreau state that the market is large for discounters; however, it will be hard to make this particular business model profitable with the low quantity of items that easyFoodstore will sell.
Smart Homes are homes that feature highly automated functionality – not just computers, audio/visual elements and security, but also temperature, window and door operation and lighting control. These elements can be controlled via systems that many consumers already have: wifi and smartphones. Daphne Kasriel, Consumers Editor at Euromonitor, walks through the benefits and potential risks of owning an interconnected home and explores the future of home automation.
Собственные торговые марки активно развиваются на российском рынке продуктов питания. Объем их продаж вырос на 22% в 2012 в стоимостном выражении. По словам аналитика Марии Милашевич, основным импульсом к такому развитию стал экономический кризис. Потребитель стал еще более чувствителен к цене и рационален в выборе, что способствует развитию собственных торговых марок на сегодняшнем рынке. Кроме того, активно развивающиеся продуктовые сети сами заинтересованы в запуске и продвижении собственных торговых марок.
Private label in packaged food is expanding in Russia due to price conscious shopping since the global recession. New retail chains are expanding their own private label offerings to entice Russian consumers, especially in categories where brand loyalty is low, such as milk and cereal. However, private label manufacturers will still face challenges, including the preconceived notion that private label products are of a lower quality.
China is the largest global market for consumer appliances and its retailing landscape has a huge influence on sales and competition. In the past, domestic manufacturers were seen as a lower alternative to foreign manufacturers, however domestic brands are shifting to energy efficient and high tech products in order to compete with other foreign companies. With high internet penetration in China, online sales of appliances are likely to grow quickly in the next five years.
Gross domestic product (GDP) and Gross national income (GNI) are two of the most commonly used expressions in macroeconomic analysis and are often used interchangeably. Hilary Walsh, Economy, Finance and Trade Manager at Euromonitor explains the difference between the two terms and their application in understanding different economic aspects of a country.
Tesco announced on August 9th, 2013 that China Resources Enterprises will take an 80% stake in all of Tesco’s Chinese operations. Tesco has seen its rankings in the country steadily decline from 20th in 2007 to 26th in 2012, despite expanding its store network in recent years. Rising rent has already forced some Tesco outlets to close, and if the trend continues, more stores will be forced to shut down. This move marks another withdrawal for Tesco after the company announced it will exit the US and Japan.
Consumers in Chile routinely add mayonnaise to their French fries but also many other foods - including hamburgers, potatoes, sweet corn and hot dogs. An estimated 2.28 Kilograms of Mayonnaise will be consumed per person in the country in 2013 and the premiumisation of the mayonnaise category is driving up market values. Brands such as Hellman’s Premium and Kraft are the fastest growing in the category - although they carry a price that is nearly twice that of the more economical brands.
Los chilenos añaden rutinariamente mayonesa a las papas fritas pero también a muchas otras comidas que incluyen hamburguesas, papas, maíz y hot dogs. Alrededor de 2,28 kgs de mayonesa serán consumidos por persona en el país en 2013 y la premiumización está empujando el aspecto de valor del mercado aún más arriba. Marcas como Hellman’s Premium y Kraft son las de más rápido crecimiento en el mercado aunque cuestan casi el doble que las marcas más económicas.
China, a global leader in food and beverage production, has a strong presence in the manufacturing of pastas, starches and animal feed. However, tight natural resources and land shortages threaten this production. Viktorija Korsakiene, Industrial Manager at Euromonitor International, explains China’s opportunities and threats in the production of foods and beverages.
Good weather is leading to a larger than expected corn crop in 2013 leaving global stockpiles high and prices low. Wheat on the other hand is a winner amongst grains – demand for wheat is high, and stores are low - leading to high prices. Francisco Redruello, Senior Food Analyst at Euromonitor, also discusses sugar, cocoa and skim milk powder in his monthly roundup of soft commodities.
In 2012, more than 43 industries in Brazil recorded negative productivity. Lifting and handling equipment, electrical lamps and production of basic nonferrous metals performed the worst. The poor performance came directly after 123 industries recorded positive growth over 2008-2012. Brazil’s lack of investments in machinery, tight bureaucracy and poor education system are hindering the country from competing in the global industrial environment.
En este podcast Tomas Leal, Analista de Investigación en Euromonitor International nos presenta una tendencia muy importante en la industria de bebidas alcohólicas en Chile. Los consumidores están cambiando sus preferencias y el segmento premium del mercado está aumentando. Los factores detrás de este fenómeno son varios, desde una mejor situación económica hasta influencias psicosociales y en este panorama existen grandes oportunidades para las empresas del sector.
今年はアジア地域を中心に大気汚染が広がっています。一方で、世界の空気清浄機市場をリードする日系メーカーにとっては、追い風となっています。
世界の空気清浄機の販売トレンドについて、ユーロモニター・インターナショナルのリサーチアナリスト玉置佳太が解説します。
City affordability, the pure cost of living in a particular city, has a significant impact on residents’ purchasing power. Housing and transport expenditure are two major categories impacting city affordability. Ugne Saltenyte, City Analyst at Euromonitor, discusses which cities in the world have the highest and lowest city affordability.
The birth of the royal baby alone won’t have any long term effects on the UK’s childrenswear market, but the Duchess of Cambridge’s status as a style icon – and what she chooses to dress her baby in – will impact the brands she selects. Already, a growing number of parents are choosing premium clothing for their children, as delayed marriage and pregnancy are making it possible to afford higher end products. The birth of the royal baby could provide the motivation that many women’s luxury brands need to expand into childrenswear.
2012 and 2013 have seen a well-publicised slowdown in the BRIC markets with growth well below pre-financial crisis levels. Yet this is not to say that these four economies, which in 2013 are expected to account for one in every six US$ spent globally, are has-beens. Smaller frontier markets are seeing stronger growth in consumer spending, but larger, more stable markets such as the BRICs, Indonesia, Peru and Mexico offer more opportunities for consumer goods players.
Internet retailing is growing at an unprecedented rate in Asia Pacific, growing by 188% between 2007 and 2012, which was the largest increase globally during that time. Asia Pacific’s internet retailing market is second only to North America. In highly populated countries such as China and India, consumers are increasingly gaining access to broadband internet, which is driving up the previously underdeveloped retailing segment. Asia Pacific’s internet retailing market is expected to overtake North America due to its large population size, rising incomes and growing familiarity with technology.
Consumer interest in naturally high protein products has been growing rapidly in Finland, bolstered by mainstream media attention. Sales, especially in the dairy category, have posted significant gains within the past few years. For example, sales of dairy products fromage frais and quark doubled in retail volume terms from 2009-2011. Protein-fortified foods are launching on the back of this trend, and private label products with added protein are expected to be the next big thing in this category.
Rising oil costs, changing weather patterns and new government policies have caused food prices to rise recently. In addition, global demand for food has increased. When demand increases, prices increase as well. Deborah Cross, Food Industry Analyst at Euromonitor, discusses these factors in more detail, highlighting why price increases could bring positive changes in consumer behavior. For example, consumers may begin growing their own food to combat the rising costs.
Consumers in emerging and developed markets are often considered different in terms of their consumption habits. However, due to factors such as urbanisation, rising incomes and the internationalisation of retailing these two consumer groups are becoming more alike. Ian Bell, Head of Home Care and Tissue and Hygiene Research at Euromonitor, explains how consumers in both emerging and developed markets are similar in terms of packaging preferences and their desire for multifunctional home care products.
In this follow up podcast, Carrie Lennard, Government, Labour and Education manager at Euromonitor, discusses ways to understand a country’s health and competitiveness by analysing its government revenue and expenditure and government reserve assets. Lennard discusses the relationship between government spending and the country’s economic health. In addition, she shares how companies can predict tax hikes by analysing government expenditure.
The big story for agricultural commodities this month was corn prices, plummeting by US $5,500 per contract in the Chicago Mercantile Exchange. The US Department of Agriculture predicts this season’s crop to be 200 million tonnes larger than the last crop, creating a bulk supply and, inevitably, lower prices. In this podcast, Francisco Redruello, Senior Food Analyst at Euromonitor, discusses this story as well as wheat, sugar, cocoa and skimmed milk powder.
The global internet advertising industry is projected to reach US $100 billion by 2017, driven by the United States, which is the largest country for internet advertising. However, the most prominent country for growth in the internet advertising industry will be China. China generated sales of more than US $8.9 billion in 2012, and Euromonitor predicts China will become the second most profitable country for internet advertising by 2017. This growth will be driven by the massive number of internet users in China. More than half a billion people currently use the internet in the country, and that number is expected to grow by another 200 million by 2017.
BSH Bosch & Siemens recently acquired Zelmer SA, the largest manufacturer of appliances in Poland. The acquisition not only makes Bosch the largest player in the Polish market, but it also gives Bosch an advantage in manufacturing since Zelmer has factories in key locations throughout the country. Bosch stated it will not lay off any Zelmer employees and will keep Zelmer’s brands and product portfolio.
Antonia Branston, Senior Retailing Analyst at Euromonitor, says social networking has changed today’s consumer, leading to a what she calls “the walkaway consumer”. In social interactions through Facebook or Twitter, people can end conversations with brands relatively easily, especially if they feel targeted by aggressive selling. Consumers want to feel the same control they have online in brick and mortar stores. In response, retailers are developing ways to determine whether or not consumers want to be approached by sales associates. For example, Clinique developed wristbands consumers can wear if they want to be approached.
The Danish government is working to abolish the tax on soft drinks and beer. The abolition is similar to Denmark’s previous “fat tax”, which was imposed on foods with saturated fat content over 2.3 percent. The “fat tax” was imposed to promote healthy eating habits, but it was eliminated in late 2012. Danish consumers avoided the tax by going across the border to Germany for cheaper products. Similarly, consumers are cross-border shopping for soft drinks, so the Danish government will lift the soft drinks and beer tax in order to boost local sales.
中間所得層の増大により、成長が著しいインドネシア市場。人口の約9割がイスラム教徒であり、特有の消費傾向が、食糧品業界や化粧品業界をはじめとした消費財業界で見られます。現在、インドネシア人はイスラム教への回帰傾向を見せており、今後、インドネシア市場においては、イスラム教がさらに重要なファクターになると考えられます。
インドネシア市場のトレンドについて、イスラム教という観点から、ユーロモニター・インターナショナルのリサーチアナリスト竹村真理子が解説します。
The last few months have been characterised by a wave of social unrest, most notably in Turkey and Brazil. The scale and nature of the protests have varied, but there have been some common threads including high youth unemployment. It’s impossible to generalise the economic impact of social unrest, as it depends on the structure of the economy, the length of time the unrest continues and its depth and breadth. The outcome for any country experiencing prolonged unrest and political instability is complicated by the current weak external environment.
Emirates Airways recently announced it would open a new route between Dubai and Stockholm in September of 2013. Although some Middle Eastern destinations are popular with Scandinavian tourists, such as Dubai and Doha, many destinations are used as connections for Scandinavians travelling to Asia or Australia. This means the largest competition for Middle Eastern airlines comes from Asian and Australian airlines with direct flights to Scandinavia. There are still many untapped cities in the Middle East for new routes to Scandinavia, states Pasi Hannonen, Senior Research Analyst at Euromonitor.
Despite the global recession, appliance manufacturing has continued to grow, and manufacturing output reached 600 million units for the first time in 2012. Refrigeration is the world’s largest and fastest growing category in major consumer appliances and China is the largest producer of refrigeration appliances. Five out of every 10 fridges sold globally are produced in China, and 30 percent of fridges manufactured in China are shipped abroad.
Spending on consumer health is increasing globally, with a focus on preventive measures and wellness campaigns. Demographics and consumer lifestyles are two forces shaping the industry. For instance, the aging global population is leading to more elderly consumers with specific health needs. Urbanization is also a force; as consumers become busier, self-medication becomes a popular alternative to doctor visits. Stephanie Prymas, Consumer Health Research Analyst at Euromonitor, gives a detailed overview of the consumer health industry in this podcast.
The personal wipes category in the US is fairly stagnated, with women being the main purchasers of these products. In order to reinvigorate the category, companies are launching products marketed strictly for men. For example, “Dude Wipes” targets young, active male consumers who may not have time for a shower between work, the gym and social events. With rising product awareness, Euromonitor expects more manufacturers to launch similar products.
Medical Tourism, which is the act of travelling to another country for a medical procedure, is one of the fastest growing categories in travel in Eastern Europe. Many Europeans prefer to travel to Eastern Europe over other medical tourism destinations such as Singapore and India due to cheaper travel costs, the closer proximity of Eastern Europe and the cultural similarities. Dental treatment and cosmetic surgery are some of the more popular reasons for visiting the area, and Euromonitor predicts medical tourism value growth will increase by 24 percent in the next five years.
Wheat futures dropped by two percent in May and was a frantic month for traders. During the first three weeks of the month, production output was upgraded and wheat prices were lowered. However, a strain of genetically modified wheat was discovered on farms in Oregon in the US, and several Asian countries withheld wheat orders as a result. The ensuing confusion caused prices to rise. Francisco Redruello, senior foods analyst at Euromonitor, also discusses corn, sugar, cocoa and skimmed milk powder in this monthly roundup.
The patterns of how consumers purchase hygiene products are changing as technology progresses. For instance, internet retailing of nappies / diapers has risen sharply in recent years. In fact, 40 percent of all diapers sold in South Korea are via online transactions. Ian Bell, Head of Tissue and Hygiene Research at Euromonitor, explains future opportunities for selling models, including thoughts on a contract based diaper service.
As women delay having children and the overall age of first time parents continues to rise, kids are still coming first in the family despite the lingering effects of a global recession. However, there is a price to pay for this, as parents are working longer hours and more jobs to keep their children well clothed and fed. Daphne Kasriel, Consumers Editor at Euromonitor, dives into this trend and many other global parenting trends in this podcast.
Michael Kors exceeded Coach in absolute sales growth for the first time ever in 2012, sparked by a 67% increase in North American sales. Part of the success of the Michael Kors brand is due its evolution into other accessories such as watches. Competition between these brands will remain fierce in the upcoming years, with Coach expected to combat Michael Kors by introducing new products that target middle aged consumers.
The home care market in Japan caters to its aging population by recognizing not only that these consumers have the most money to spend on products, but they are also increasingly physically restricted. For instance, Kao Corporation released the Attack Sheet in 1999, a laundry detergent in a sheet format, which is a lighter alternative than a heavy container. Kao has recently released a highly concentrated detergent, which is easier for older consumers to purchase and move.
Fresh Market, a grocery store owned by Ipsun in Belarus, is set to expand to Lithuania in 2013, expanding into residential areas and offering fresh items such as fruit, meat and fish. The grocery market in Lithuania is already highly concentrated, but Fresh Market hopes to gain a competitive advantage by tapping into a smaller, convenience store-type format. Fresh Market's long term performance will likely depend on product diversity.
The balance of payments (BOP) refers to a county's international transactions and judges how a country interacts with the rest of the world. Daniel Tarling-Hunter, Economist at Euromonitor, explains how the BOP is divided into current, capital and financial accounts, analyzing several countries through their balance of payments.
Consumers in India are pulling back on spending, especially in the categories of food and drink, leisure and apparel. Changing consumer attitudes are responsible for this pullback - consumers are weighing options and comparing features and prices before they buy. The economy in India has an enormous consumer base with increasing disposable income and the overall impact of the slowdown is not expected to be large. The entry of multinational retailers such as Ikea, H&M and Prada demonstrates companies are still interested in the Indian market despite inflation concerns.
Rising futures was the theme for April, with Chicago wheat futures rising by eight percent due to weak exports from Russia. London Cocoa futures also rose in April, up five percent due to supply concerns from Indonesia, where rain is delaying the ongoing harvest. In a large surge, Fonterra skim milk powder increased by 27 percent.. Dry weather in New Zealand is forcing farmers to turn to expensive grain to feed cattle as opposed to grass, driving prices up.
It is expected that in the Queen's Speech 2013, the plain packaging law for tobacco that was proposed in the UK will not be introduced. Shane MacGuill, Tobacco Industry Analyst, confirms the news in this podcast and discusses the significance of the decision for the tobacco industry. Abandoning the law may influence other governments looking to pass similar laws to abandon their efforts. This news comes as a relief for Imperial Tobacco, who is now relying on packaging innovation to grow volume sales.
Euromonitor's annual survey of online respondents in Brazil, China, France, Germany, India, Japan, the UK and the US revealed interesting traits about mothers on a global scale. In honor of Mother's Day, Eileen Bevis, Survey Manager at Euromonitor, compares mothers today to mothers fifty years ago, defines the role of the internet in mothers’ lives and compares the roles of mothers to fathers.
The H7N9 virus - or Bird Flu as it is commonly called - is again spreading in China with 126 known infections as of May 1. Serena Jian, Senior Research Analyst for Home Care, Tissue and Hygiene at Euromonitor, says that previous outbreaks in China led to a boom in the home care industry, with concerned consumers rushing to stores to purchase items such as bleach, household antiseptics and disinfectants. News coverage and education about the bird flu and its prevention will also likely add to home care sales.
Trends in government finance directly impact businesses and consumers and are a reliable way to judge the overall economic health of a country. Analyzing economic health can indicate if a business should enter a country. Carrie Lenard, Government, Labour and Education Manager, discusses how to interpret and use government net lending and borrow data in the first part of this podcast series.
The homewares market performed well in Eastern Europe in 2012, with stove top cookware taking the top spot in category sales. In homewares retailing, IKEA showed strong growth as a result of diversified product lines at affordable prices. Counterfeit items, created to look like popular brands, pose a threat; however, homewares will continue modest growth and reach pre-crisis levels by 2016-2017.
Procter and Gamble recently launched a pod-type delivery system using its Ariel laundry detergent in parts of Europe. The launch followed a similar release, Persil Bio Gel Caps by Henkel. These new products mimic pod-based innovations seen in the automatic dishwashing segment. In both industries, pod-based delivery creates multi-functionality and adds value for money. For instance, laundry pods might claim usage as a detergent, stain remover and brightener. However, it may be an uphill battle for companies using pods because consumers are still leery of pods’ functionality.
In Asia, the shape of the contact lens market is changing due to demand for specific types of lenses. One such segment is circle lenses, a type of lens that covers an area larger than the iris, giving the appearance of a larger eye. Users wear these lenses to create a childlike, doe-eyed appearance similar to that of a Japanese anime character. This trend is very popular in Asia, but will probably not expand much beyond the area due to strict regulations on contact lenses in other countries.
Kimberly Clark has exited the nappies / diapers business in Western Europe, but it is still developing its wipes offering in the area. Although baby hygiene products haven't performed specifically well in the past couple years, consumers have taken to buying baby wipes for other uses, such as makeup removal, and then flushing the wipes instead of throwing them away. Kimberly Clark plans to venture into the market with flushable wipes which will not clog up plumbing systems.
The categories of confectionary, sweet and savory snacks and biscuits / cookies all grew throughout the economic crisis and are still growing due to the changes in unit volume sizes in each category. Consumers looking to save money will often purchase a smaller pack size. This trend is especially prevalent in North America, where growing health concerns are taking sales away from these indulgent categories.
Alcoholic drink sales are on the rise in the UAE, driven mainly by consumers going out to more hotels, bars, and restaurants. Sales are also getting a boost from tourists, who are spending more time and money in the UAE's nightlife scene. Vodka, which is popular among younger consumers in the country, is a key growth category. The trend of cocktail drinks is not just pushing sales of regular vodka, but flavored vodka as well.
Kimberly Clark recently announced its exit from the open nappies / diapers industry in Western Europe, focusing solely on wipes and pants offerings. While Kimberly Clark most likely won't gain many opportunities in a lower end category such as wipes, they are the market leader in disposable pants and will likely look to expand their market share in that segment.
El vino ha sido, históricamente, una bebida de nicho en Chile, ya que las generaciones jóvenes prefieren cerveza o destilados antes que vino. Sin embargo, el espumante es la excepción con un aumento de 35% en sus ventas totales en volumen en 2012. El atractivo del espumante para los jóvenes ha ayudado a impulsar este crecimiento – especialmente entre las mujeres jóvenes profesionales, que han entrado al mercado en cifras récord y buscan un trago con más glamour. Los productores por su parte han hecho cambios en los estilos de packaging y mejoras en la calidad del vino para ganar participación de mercado en este segmento.
Wine has long been a niche alcoholic beverage in Chile, as younger generations prefer beer or spirits over wine. Sparkling wine is the exception with total volume sales increasing by 35% in 2012. The appeal of sparkling wine to younger generations helped spur this growth - especially young, professional women entering the workforce at record numbers and looking for a more glamorous drink. Manufactures are also gaining market share in the segment by changing packaging styles and improving the quality of the wine.
Strong imports from Middle Eastern countries and demand for corn-based ethanol drove up wheat prices and corn prices in March. In this podcast, Francisco Redruello, senior foods analyst at Euromonitor, gives his monthly roundup of agricultural commodities, including cocoa, sugar and skim milk powder.
Multigenerational lifestyles are becoming more commonplace at home and in the workplace with three or more generations interacting on a daily basis as a result of the global economy. Many children are remaining in the family home after adulthood, and many parents are also caring for their ageing parents as well. These lifestyles are shifting buying habits and behaviors. For instance, in travel and tourism, the number of family members vacationing now averages at six, and companies are catering to the increase in groups.
The home and garden market in Poland is fragmented and competitive, with earnings spread out among many small and medium sized companies. Many of these companies specialize in only one product group, such as Black White Red in furniture manufacturing. Furthermore, domestic operators are performing better than international companies in many segments, including garden care and home improvement.
More food and drink products that include the natural sweetener stevia hit the stores in 2013, including a reformulated version of Sprite in the UK and in France. The new stevia sweetened Sprite lowers the calorie content, but the reformulated version will not yet reach the US, where consumers are not as quick to accept stevia based products due to its slightly bitter aftertaste. Although new drink products seem to benefit the most from stevia, food releases such as yogurt and jam are also beginning to use the sweetener.
Sales of stain removers in the UK have stagnated, and companies are trying to kick-start the category with innovative new products. For instance, both Procter & Gamble and Reckitt Benckiser have recently introduced monodose stain removers, albeit both products work in different ways. Both companies have released these products in a market that is now in a triple dip recession, so it will be interesting to see if either will come out on top.
In 2013, five of the world's ten largest economies will be emerging markets, so the importance of these countries and their spending power will shape the world's economic structure in the near future. Challenges for success remain in these emerging markets - retailing outlets are typically smaller, communication technology can be limited, and in many smaller economies, transportation infrastructure is not always connected. To learn more about success in emerging markets, sign up for Euromonitor's free webinar.
With desk jobs and hectic lifestyles, many consumers find it hard to eat right and exercise. The demand for healthier, low fat food is pushing the consumer appliance industry to create products that address these weight management problems, such as low fat fryers and refrigeration systems that can keep fresh fruit and vegetables frost-free.
The shipbuilding industry in Russia has outdated facilities, limited capacity, and a focus on military ships. The Russian government hopes to change these problems with an investment in a long term commercial shipbuilding program. This program, which will run until 2030, focuses on heavy shipbuilding in already established port towns and promotes research and development. However, the program's success is dependent on several factors - including the number of orders for ships and an aging labour force.
Western Europe is usually ahead of the rest of the world in mobile communication network strength and speed. 4G, or the 'fourth generation' of mobile broadband communications, has been around for several years but Western Europe has yet to widely adopt the technology. Consumers are still using 3G phones even though 4G is available - this is due to the fact that 4G capable phones and the service itself are expensive.
Euromonitor expects China to overtake Japan as the world's largest consumer market in 2013. The increase in consumer expenditure is y due to two factors - the rising middle class in China and government policies to boost domestic consumption. An Hodgson, Income and Expenditure Manager at Euromonitor, explains the impact of these two factors.
The US Department of Agriculture upgraded Brazilian corn production futures by 1.5 million tonnes in February – resulting in a drop of corn prices in the commodities market. Wheat, which is in constant competition with corn, also dropped in price. This is good news for industries using these commodities. Francisco Redruello, Senior Foods Analyst at Euromonitor International, offers trends and predictions for other soft commodities such as cocoa, sugar and milk powder.
日本のクレジットカード市場は、家電量販店等の加盟店の拡大、オンラインショッピングの拡大を背景に、近年増加傾向にあります。一方、アジアでは、銀行口座保有率が上昇して、カード決済人口が広がっています。特にインドネシアのクレジットカード市場では、今後5年間で二桁成長が見込まれている有望な市場で、日本企業の進出を後押しています。 日本のクレジットカード市場と海外進出の可能性について、ユーロモニター・インターナショナルのリサーチアナリスト玉置佳太が解説します。
Coca-Cola recently increased its stake in UK smoothie brand Innocent. This move was seen by some journalists as Innocent "selling out"; an attitude reflective of the fear Innocent's reputation as a healthy fruit juice company will be spoiled by Coke. Jonas Feliciano, Beverages Industry Analyst at Euromonitor explains that the acquisition of brands such as Green & Black and Ben & Jerry's did not affect their ethical practices, so this fear is likely unfounded.
Euromonitor identified Turkey as one of the world's next big emerging markets. Part of the "Future Seven," Turkey largely avoided the effects of the global financial crisis due to strong domestic demand and private investments within the country. Currently, Turkey is experiencing strong export demand to the Middle East, especially since the opening of imports into Iraq. Demand for Turkish supplies will continue to grow in the Middle East in the coming years.
El Congreso chileno recientemente modificó la legislación de tabaco en el país, agregando la prohibición de fumar en todos los espacios públicos cerrados así como la venta de cigarrillos mentolados. Se espera que la prohibición de fumar en espacios cerrados reduzca las “señales sociales”, que son las situaciones sociales donde aumenta la posibilidad de fumar. De acuerdo con la Organización Mundial de la Salud, el 41% de los chilenos fuma, por lo que el gobierno espera que estas medidas ayuden a bajar en número de ciudadanos fumadores y por lo tanto a disminuir los costos asociados a la salud.
The congress in Chile recently modified tobacco legislation in the country, prohibiting smoking in all enclosed public places and banning all menthol cigarettes. The government anticipates that banning smoking in enclosed areas will cut down on 'social cues' - that is, social situations where smoking is more likely. According to the World Health Organization, 41% of all Chileans smoke, and it is the governments hope that these new measures will help cut down on the number of smoking citizens, and therefore cut down on health costs.
Sportswear sales in the Middle East are benefiting from strong media coverage on body image and obesity, driving consumers to spend on sportswear. However, consumers are not only using sportswear to exercise, but also wearing it casually on a daily basis. There are some challenges in the region for sportswear sales, particularly the hot temperatures in the region and cultural constraints for women exercising outside of the home.
Returnable packaging presents benefits and disadvantages for consumers, brands and packaging manufacturers. Consumers are the most impartial party - although many consumers are growing more aware of the environmental impact of returning a reusable bottle, many find returning heavy glass bottles to a retailer as a problem. The list of pros and cons for brands is much longer - the cost of using returnable bottles is considerably lower than buying new bottles, for instance. However, subsequent trips to and from a retailer can damage bottles, and putting less than perfect bottles back on the shelf can impact sales. Also discussed in this podcast are the advantages and disadvantages of returnable packaging for manufacturers.
*Returnable packaging is defined by Euromonitor as glass or PET bottles that are returned to the retailer, and subsequently returned to the filler for cleaning and refilling.
The global population is getting progressively older, supported by slower birth rates and advancements in nutrition and medicine. Euromonitor predicts that one billion people will be over the age of 60 by 2017. Governments need to bolster health systems to handle the increasing number of elderly in need of care, and should also look to reform pension and welfare systems. Some governments, in order to combat a potential workforce shortage, have started encouraging their populations to have children.
Euromonitor recently conducted a quick pulse survey, asking consumers if their hand sanitizing and surface care routine changed following the H1N1 (swine flu) scare. Consumers responded that although their hand washing and sanitizing had become more frequent, surface care habits had not changed. Ian Bell, Head of Home Care research at Euromonitor, states that this is a missed opportunity for home care companies, and that more product promotion and education can help home care companies achieve a much needed sales boost.
Sportswear in Eastern Europe recorded positive growth in 2012, driven by large sporting events such as UFEA EURO 2012 and the Summer Olympics in London. Both events helped boost sales of sportswear in the region and helped major brands that sponsor athletes, such as Adidas. Eastern European consumers are also trying out nontraditional sports for the first time, such as snowboarding and mountain biking, helping drive growth.
Euromonitor predicts a slow economic recovery for the second half of 2013, especially if the Eurozone crisis continues to sluggishly diminish. Currently, rising bank deposits and an increase of private per capita flows are lessening the effects of the crisis; however, rampant unemployment and weak competitiveness are still issues for the area. Consumers are starting to spend more on convenience and niche offerings, which will help lessen economic problems. The recovery will be long, but it is on the horizon and will start during the second half of the year.
Mars remained the largest pet care company in the world in 2012, edging out Nestlé in the global rankings. Mars has proven strong in emerging markets, where it is quick to introduce a product, convince consumers to buy it, and then diversify. Nestlé remains the stronger presence in North America, however, where it has doubled its share in cat and dog treats since 2007. Globally, the pet care market remains dynamic, with countries such as Russia and Brazil expected to be the next battleground countries.
The US justice department recently blocked Anheuser-Busch Inbev from buying Groupo Modelo. AB-Inbev already controls 40.3% of alcoholic drink company shares in the US, and the justice department is seeking to keep healthy competition in the market by filing an anti-trust lawsuit. AB-Inbev will fight the lawsuit, but if the company wants to seal the purchase it may have to divest some of its US brands.
Innovation is key for ingredient manufacturers wishing to prosper in the future, states John Madden, Global Head of Ingredients Research at Euromonitor. However, innovation is an increasingly difficult aspiration due to the recession, regulatory obstacles, and media and consumer attention towards certain ingredients in beauty and personal care. The use of natural ingredients, therefore, will continue to grow in 2013, driven by consumer demand.
Procter & Gamble has historically lagged behind Unilever in terms of sales in the Southeast Asian market, mainly due to trade bans between Vietnam and the US following the war. Those bans expired in the 1900s, and P&G is creating innovate ways to boost sales in the area. P&G is now pushing its Ambi Pur deodorizer to the Vietnamese motor biking community. Motorcycles are a primary use of transportation in Vietnam, and due to the tropical climate, sweat is a problem for helmet wearing motorists. P&G has set up "spray stations" in front of shopping centers to demonstrate the power of Ambi Pur in hopes that motorbikers will use it to deodorize their helmets.
Рынок косметики в России в целом растет, показывая стабильно положительную динамику за 2012 год. В подкасте старший аналитик компании Euromonitor International Анастасия Гончарова подчеркивает, что российский потребитель после кризиса рационален и сдержан в своих приобретениях. Растет лояльность к недорогой продукции местного производства и производства соседних стран, которая удовлетворяет и по цене, и по уровню качества.
In South Africa, Grocery stores drive growth in retailing with business coming from the large number of households with four or more people. Convenience stores are performing particularly well as these smaller shops are easier to get to than modern grocery stores and have longer hours. Private label will be the next big attraction in the region as retailers look for ways to appeal to consumers across the economic spectrum. Ronal Tinashe Mapiye, Retail analyst at Euromonitor, delves deep into the retailing landscape of South Africa in this podcast.
The big news this month is sugar prices, which dropped in the intercontinental exchange since the beginning of the year. Output projections from the US Department of Agriculture are higher than normal, especially from Brazil, which is expected to produce 5 million more tonnes than last year. Francisco Redruello, Senior Foods Analyst at Euromonitor, also discusses wheat, corn, cocoa, and skim milk powder prices in this podcast.
Francisco Redruello is speaking at the 3rd Annual European Food Manufacturing & Safety Summit, 2013.
On January 16th, 2013, an All Nippon Airways Boeing 787 flight made an emergency landing due to a battery alarm. Taking into account prior incidents with the "Dreamliners", authorities grounded all 787s as investigators work around the clock to pinpoint problems in the airplane's electrical systems. Nadejda Popova, Senior Research Analyst for the Travel and Tourism industry, states that many airplanes have growing pains - the Airbus A380 had wing cracks and electrical issues, for instance. Regardless, investors will be watching Boeing's handling of these issues carefully. If the problem isn't fixed quickly, financial disaster could ensue for a company projected to retain momentum.
Alors qu’ailleurs en Europe ce concept reste marginal, les géants de la distribution en France sont de plus en plus enclins à développer les drives. Raphael Moreau, Analyste Distribution au sein d’Euromonitor International, revient sur ce phénomène est nous livre ses analyses sur les grandes enseignes qui, non en plus de tirer leur épingle du jeu, en tire des bénéfices qui confortent leur positions de leaders.
The US is currently experiencing a flu epidemic with flu shot supplies running low, emergency rooms overcrowded, and a public health emergency declared in Boston. Coming off a year of recalls, analgesics were expected to rise in 2013, but could now receive an even larger push due to this severe flu season.
Nestle's plan to introduce a new coffee product made entirely of beans from the Pu'er region of China speaks to an often ignored layer of coffee differentiation - bean origin. Nestle has been investing in the region since the 80s, and their support of local has paid off with a unique coffee flavor. More importantly, by creating a coffee brand with local roots, Nestle will continue dominating the coffee market in China.
The biggest topic in payments today is the rise of the mobile phone as a global payment device. In emerging markets, the mobile phone is an affordable device used to reach the unbanked population. There are also ongoing shifts in payment preferences, as many new banked consumers shift from paper to plastic - i.e. credit and debit card. Michelle Evans, Consumer Finance Industry Analyst at Euromonitor, discusses other trends in payments expected to rise to prevalence in the coming year.
Cross border shopping has always been a problem for Canadian retailers, especially during the holidays with Canadian consumers flock to the US for Black Friday deals. In 2012, cross border shopping increased due to the raise of exemptions for duty free goods brought back into Canada from the US. In an effort to keep shoppers country-side in 2102, many Canadian branches of US retailers such as Wal-Mart and Best Buy offered deals as well on Black Friday. While the concept managed to keep some consumers from crossing the border, the extent of promotions was not enough to have a significant impact.
In developed markets, many consumers purchase pet food and pet care products from grocery stores, which provide convenience shopping in one location and at all hours of the day. In emerging markets, pet owners purchase their supplies from pet shops and pet superstores. Many emerging market consumers are first time pet owners, and these channels offer employees supplying knowledge about the benefits of commercialized pet food to emerging market consumers.
En los últimos años el panorama de la moda en Chile ha evolucionado. Las grandes tiendas de departamento como Falabella y Paris han desplegado colecciones de ropa más atrevidas con orientaciones high-fashion. Zara ha casi triplicado sus ventas en Chile desde 2006. H&M (Hennes and Mauritz) abrirá sus puertas en el país a principios de 2013. Euromonitor predice que a diferencia de lo que ocurre en otros países, su principal competidor en Chile no será Zara, sino las tiendas de departamento.
The fashion in Chile has evolved in recent years. Large department stores like Falabella and Paris have created clothing collections with a high-fashion orientation, and Zara has almost tripled its sales in Chile since 2006. H&M (Hennes and Mauritz) will open operations in the country in early 2013, and Euromonitor predicts that its main competitor in Chile will not be Zara, as is typical in other countries, but large department stores.
The Rule of Law measures the extent a country's citizens abide by its rules. Therefore, a country with a high rule of law can attract businesses and foreign direct investment. Carrie Lennard, Government, Labour and Education Manager at Euromonitor, explains how rule of law is calculated and discusses countries with the highest and lowest examples.
Home care companies such as Henkel, Procter & Gamble, and SC Johnson have recently moved into Eastern Europe, bringing with them innovative products for toilet care and cleaning. With this movement, Eastern European consumers are driving growth in the category, spending over 5.5 US dollars per cleaning item in 2012. Euromonitor expects that toilet care systems -- which are considered a failure in the US market -- will be brought to Eastern Europe to expand volumes.
The hard cider market in the US is growing rapidly, coming from a relatively weak market share in alcoholic drinks, to strong growth in just three years. Cider is a gluten free drink that not only appeals to the health conscious US market but also appeals to female consumers - something many bottled alcoholic drinks do not. Euromonitor predicts strong cider growth in the US during the next five years.
Despite the ongoing economic problems in the Eurozone and fiscal cliff fears in the US, Euromonitor predicts the global economy will start to recover in the second half of 2013. Developing economies will drive growth, with Asia Pacific leading the world with a 5.9% real GDP forecast.
Large pharmaceutical companies such as Pfizer and Sanofi are investing in the supplement category, a potential growth opportunity for pharmaceuticals. This category, once ignored by pharmaceutical companies, is almost as large as over-the-counter medication in terms of global retail sales. Chris Schmidt, Consumer Health Company Analyst at Euromonitor, cites several key areas of M&A activity in consumer health.
Japanese appliance companies such as Panasonic and Sharp have been powerhouses since the 1980s, but face slow sales due to the economic downturn and competition from Chinese companies. In order to compete with other Asian manufacturers such as Haier and LG, Japanese appliance companies should look to overseas markets and identify niches in smaller, personal appliances, states Jamie Ko, Head of Consumer Appliances Research at Euromonitor.
Laundry care has evaded slow sales in the wake of the economic downturn, making it the one of the most dynamic home care categories. New detergent formats such as Tide PODS have helped spark detergent sales, and efficient machines have boosted appliance sales. Ian Bell, Head of Home Care research at Euromonitor, states that if a home care product saves consumers both time and money, it's likely to be an international best seller.
アジアのオーガニック食品市場は、2011年時点で960億円。日本を除くと、その市場規模は、243億円に過ぎません。しかしながら、この市場は、今後5年間で1.8倍成長すると見込まれています。
今後、特に大きな成長が見込まれる国は、中国。そして、大きな成長が見込まれる分野は、オーガニック緑茶。
アジアのオーガニック食品市場の現状と今後の展望について、ユーロモニター・インターナショナルのリサーチアナリスト竹村真理子が解説します。
Yum! Brands recently announced negative expectations for comparable store sales growth in China in its fourth quarter 2012, causing shares of the brand to drop 10%. While the negative growth is partly due to country-wide issues, Elizabeth Friend, Consumer Foodservice Research Analyst at Euromonitor, states that Yum! should look to expand to new, smaller markets in China.
Corn is the big story in the soft commodities market this month, with futures in the Chicago mercantile up 4%. Plenty of rain in Argentina means that the supply of cheap corn will weaken, and traders are quickly buying up the cheap corn supply now. Many of the other commodities remain unaffected in December due to traders holding out for more news regarding the "fiscal cliff" issue in the US.
Brazil, Russia, India and China, commonly known as the BRICs, have been staples of emerging market growth. However, in 2012 growth slowed, states Daniel Tarling-Hunter, Economist at Euromonitor. In 2013, India and Brazil are expected to grow, with China and Russia economies slowing. Tarling-Hunter expands on several new emerging countries predicted to pick up growth where the BRICs will leave off.
Tesco recently announced a review of its struggling US venture Fresh and Easy, with Tesco's CEO stating the chain will likely exit the US. Raphael Moreau, Retailing Industry Analyst at Euromonitor, discusses if Tesco should leave the US, and potential buyers for the chain.
Online shopping continues dominate retailing during the holiday season. Traditional retailers are attempting to lure consumers back into the store with a variety of smartphone apps in an attempt to enhance the in store shopping experience. Daphne Kasriel, Consumers Editor at Euromonitor International, shares results of the Analyst Pulse survey, highlighting opinions and habits of Euromonitor International’s in-country analysts around the world.
Earlier this week, Burger King announced its re-entry into the French market, producing considerable excitement among French burger fans—17 years after pulling out of France, Burger King has acquired a certain mystique, combining flame-grilled indulgence with American authenticity. In this new podcast, Head of Foodservice Michael Schaefer notes this perception is not unique to France, with the Whopper burger in particular possessing a singular international appeal, one which the chain has only begun to tap.
Internet usage across the globe continues to expand at an extremely fast rate; 96.7% over the 2006-2011 period. But what is driving this growth? Technological development is first and foremost - the faster technology grows in a country, the more people access the internet. The growing youth population is another important driver, as the most technologically savvy, and their demands shape internet development itself. An Hodgson, Income and Expenditure Manager at Euromonitor, explores further drivers of the internet in this podcast, offering a forecast for global internet growth.
The artificial sweetener Stevia launched many significant products in 2012, including Tropicana's Trop50 in the US and a re-launched version of Sprite in France and Ireland. Stevia's position as a naturally sourced sweetener means it can continue to target the growing better-for-you and naturally healthy soft drinks market, where the ingredient is forecasted to grow 30% from 2011-2016. According to Euromonitor International Ingredients Analyst Lauren Bandy, we can finally call Stevia a "mainstream ingredient".
Tissue and hygiene sales in developing markets were especially strong in 2012, with this positive performance directly associated with the changing role of women in these economies. With more women in the workplace, hygiene products catering to on the go female consumers are receiving a sales boost. Nappies and diapers are receiving the largest boost - with more women on the go, diapers are a convenient and time efficient product.
Exports are essential to the Canadian economy, with Canada relying on exports more than any other country in North America. In this podcast, Euromonitor examines some of the larger exports of Canada, including cars and crude oil, and suggests alternate export destinations to keep the country competitive in the global marketplace.
Brasile, India, Cina e Russia contribuiscono in modo crescente al mercato del turismo in Europa e in Italia. I turisti provenienti dai BRIC decidono di passare le loro vacanze nel Vecchio Continente per visitare città d’arte e dedicarsi allo shopping, con una particolare attenzione per I beni di lusso. Anche l’Italia ha beneficiato di questo trend, con una crescita del 39% degli arrivi dal Brasile, del 24% dalla Russia e del 75% dalla Cina lo scorso anno. Sempre più realtà turistiche stanno cavalcando questa opportunità, assumendo personale multilingue e facilitando il pagamento per I turisti provenienti da questi paesi. In questo podcast, Angelo Rossini, analista per il turismo presso Euromonitor International, spiega in che misura I BRIC contribuiscono al turismo in Europa e in Italia ed individua i maggiori fattori di crescita per il futuro di questa industria nel Bel Paese.
According to a recent Euromonitor survey, most consumers in emerging and developed markets see automatic dishwashing as less favorable than hand washing in terms of price and environmental impact. The automatic dishwashing market is at a lull in developed markets, and these survey results highlight financially conservative consumers are most likely hand washing on a regular basis, and consumers in developed markets will delay purchases of dishwashers.
U Jędrusia, a Polish manufacturer of frozen and chilled ready meals, recently announced its plans to expand to the Baltic States by way of Lithuania. The frozen ready meal market is quite mature in Lithuania, but U Jędrusia plans to compete in the chilled ready meals space instead, which is underdeveloped in the Baltic States. The manufacturer has also announced plans to partner with the leading retail chain Maxima, giving it broader distribution throughout the Baltic States.
Group buying and daily deal sites, such as Groupon and LivingSocial are under scrutiny. In theory they sound like a win-win situation with retailers guaranteed some level of new customers, and consumers finding a cheaper deal. However, evidence suggests group buying does not create brand loyalty and in fact many group buyers never return to a business after they've used a voucher. Furthermore, it seems shoppers are tiring of daily deals, with many consumers saying they've been treated poorly by staff upon redemption.
The US is the only country that allows advertising of both over the counter (OTC) and prescription medication. However, OTC medication is not required to issue a balance of risks and benefits when being advertised. Research has shown that OTC advertising rarely has a balance, and often includes more benefits than risks. Stephanie Prymas, Consumer Health Research Analyst at Euromonitor, discusses whether OTC advertising should follow the same guidelines as prescription only medication.
Google is choosing to release its new smartphone, the Nexus 4, exclusively in developed countries such as the US, UK, and Australia. The phone will be sold at cost, meaning revenue will come only through content sales such as music and video services. Content providers, however, have been reluctant to release digital content in developed countries due to piracy fears. Therefore, Nexus 4 sales are not expected to impact sales of major manufacturers such as Samsung and Nokia.
McDonald's monthly sales have fallen for the first time in almost a decade, and Michael Schaefer, Head of Consumer Food Service Research at Euromonitor, proposes that that it's no fault of McDonald's. Competitors such as Burger King and Taco Bell have taken strides to regain sales following the economic downturn, and many of these strategies are copies of pioneering tactics by McDonald's, including menu expansion and better quality outlets.
Although global meat consumption grew by 2% in 2011, growth was divided. Emerging regions such as Latin America, the Middle East and Africa, and Asia Pacific showed growth, while North America registered a decline in meat consumption. This decline was driven by health concerns and a growing awareness of environmental implications. Despite the decline in North America, global consumption is expected to grow by 13% between 2011 and 2016.
While locally-relevant menu items have long been a vital component of McDonald’s global menu strategy, the chain’s European operations have taken this strategy a step further, combining effective localization with a focus on indulgent, affordable snacks, often featuring a spicy kick. In this new podcast, Head of Consumer Foodservice Michael Schaefer discusses the impact of these initiatives as well as the implications for global operators.
Corn prices in North America continued to rise in October. Pressure remains for the region to lower prices to compete with Eastern Europe and South America. Sugar futures are down in October, due to predecitions that Brazilian and Indonesian sugar production will continue to grow. Cocoa, soy beans, skim milk and grains are also covered in this podcast.
Due to the effects of the recession and the Eurozone crisis, more consumers are spending time at home rather than going out. Furniture and home furnishings are reaping the benefits of this trend, with indoor furniture sales perfuming particularly well. The Middle East and African home and garden market is taking advantage of the region's booming real estate market and high GDP growth, driving sales of luxury furniture and homewares.
日本では、東北震災の影響で、電力供給が不安定になりましたが、日本の冷凍食品売上は２０１１年穏やかに上昇しました。
一方でアジア太平洋地域では、目覚ましい成長率が観測され、アジア全体での冷凍食品市場は年々増加傾向にあります。
アジア太平洋地域の冷凍食品市場の現状と今後の展望、そして日本企業のシェア拡大について、ユーロモニター・インターナショナルのリサーチアナリスト廣田初美が解説します。
Due to the lingering effects of the recession, two key demographics have emerged in the fast food playing field. First, those who want a better, premium experience, and second, those who are sensitive to price but still looking to indulge. Fast food operators looking to succeed in current economic conditions will fulfill both of these demographics. McDonald's is an example of a player who created a multi-tiered structure based on these two demographics. On the premium end, McDonald's has its Angus burgers, and its value menu provides many cheaper options for those looking to save, but indulge.
There is speculation the largest online retailer, Amazon, is eyeing an acquisition of online apparel retailer Asos. By acquiring both Zappos and Shopbop.com, Amazon has capitalized on the growing trend of online apparel retailing. However, neither of those companies have the global reach that Asos does. Asos appeals to style-savvy 20-somethings, and has become a destination for fashion-forward individuals. This puts Amazon in prime position to combine its huge online presence and superior technology with Asos' rabid fan base.
Contactless payment cards use near field communication instead of traditional swiping methods. Contactless payments in Finland are in their infancy but gradually are being accepted by the public. The Lounaskortti voucher, a benefit for employees used to buy meals, will re-launch at the end of 2012 in a contactless card format and banks such as OP-Pohjola Group are shipping new debit cards with contactless technology. Although many terminals in Finland do not accept contactless cards, forecasts predict 200,000 terminals will handle the cards by 2015.
With automobile sales up and down in recent years, manufacturers of car air fresheners began developing new innovations seeking out growth. Most recently, innovation centered on licensing with brands such as Hello Kitty, Jelly Belly and Wallace and Grommet licensing their brands for automotive air fresheners. Convincing consumers to spend a little more on air fresheners could jumpstart the market with possible celebrity endorsements and partnering with luxury brands on the horizon.
Superfruit juices - juices that contain fruits such as acai or pomegranate - have been slower to take off in Latin America, according to Sergio Hidalgo, research analyst at Euromonitor. This is a surprise given production costs are low and restrictions on claims are minimal. Most superfruit juices are exported to countries with higher consumer spending power, such as the United States, and many Latin American consumers buy the same superfruit fresh rather than in juice form on a local basis.
Jugos de súper frutas – que contienen frutas como el acaí o la granada – aún no despegan en Latinoamérica, según Sergio Hidalgo, analista de investigación en Euromonitor. Esto sorprende dados los bajos costos de producción y las bajas restricciones en cuanto a claims en la región. La mayoría de los jugos de súper fruits son exportados a países con un mayor poder adquisitivo, como EEUU, y los consumidores latinoamericanos en general prefieren consumir localmente las súper frutas frescas en vez de en jugo.
A country’s corruption level directly affects potential investments by businesses, states Carrie Lenard, Government, Labour, and Education Manager at Euromonitor. The Eurozone crisis has increased corruption perception in some of the member countries, most notably Greece and Italy. Both countries have high public debt, which has exposed a prevalence of tax evasion. Since this perceived corruption will hamper investments in these countries, governments will have to take action against corruption before growth can take place, according to Lenard.
Euromonitor recently conducted a quick pulse survey regarding embarrassment associated with buying certain products in stores. Incontinence products took the top spot, says Ian Bell, Global Head of Tissue and Hygiene Research at Euromonitor. Manufacturers are looking to soften the embarrassment factor for these types of products in several different ways. For example, Kimberly Clark recently produced television commercials with NFL players and famous actresses for its Depends brand. Bell states that sanitary protection ranked third on the survey, meaning manufacturers of these products still have some work to go in avoiding embarrassment.
The luxury industry is growing at an extremely fast pace due to India's expanding number of high net worth individuals, states Manjunath Reddy, Research Analyst at Euromonitor. Indian consumers are already aware of luxury watch brands such as Rolex and Rado because of their appearance in Bollywood films, so the current challenge to luxury goods manufacturers is awareness of apparel, beauty, and personal accessories. Brands like Louis Vuitton and Gucci have already entered the Indian market. Overall, the Indian market for luxury goods is expected to grow by 22% in value sales between 2012 and 2017.
The home furnishings market had a very tough time during the recession, states Cruz del Barrio, Global Head of Home and Garden Research at Euromonitor. However, in recent years it recovered, lead by emerging markets such as China and Indonesia where urban populations, generally wealthier and willing to spend on home furnishings, continue to grow.
Tide Pods have paved the way for the monodose format in laundry care in North America, states Ian Bell, Head of Home Care Research at Euromonitor. The introduction of Tide Pods was a timely one in the laundry market, with flat sales in recent years. However, it will take more than novelty to get consumers to switch from liquid or powder detergent, as those detergent formats are well established in North America.
Corn continues to be the subject of the soft commodities market this month, with a decline of 6 percent in the Chicago Mercantile Exchange. Francisco Redruello, Senior Food Analyst at Euromonitor, states that rain in late September has helped prospects in the United States, but other countries have seen the unproductive year in the US as a chance to undercut prices and sell their own stock. Redruello also focuses on prices and future prospects for cocoa, sugar, and grain.
The United States' economy, the largest in terms of total GDP measures by purchasing power, suffered an economic recession during 2008-2009 like much of the world. However, consumer spending in the US has not been robust enough for a strong recovery. Consumers do not have the resources to spend, even with low interest rates, economic bailouts, and tax cuts. However, consumers spent more in July 2012 than previous months, leading to a hopeful yet reserved outlook for the rest of the year.
In the aftermath of the H1N1 scare, surface cleaning became a top priority to consumers, states Ian Bell, Head of Home Care, Tissue and Hygiene Research at Euromonitor. One of the most innovative products to rise out of this need was robotic cleaning devices such as the iRobot vacuum. Bell states that much like Dyson Ltd revolutionized bagless vacuum technology; the robotic cleaning system is revolutionizing the way consumer clean. Newer robots have been developed to do tasks such as mop floors, which can especially help the world's aging population.
Microbreweries, which produce handcrafted beer in limited quantity, only appeared in India in the last two years. Sunitha Barlota, Research Analyst at Euromonitor, states that there are 11 microbreweries in the country, attracting middle class consumers. The success of these microbreweries is due to the open-mindedness of young Indian consumers, as well as their desire to eat out. The beer market in India is growing as well, and imported beer is starting to make a splash in the country. These factors are contributing to the growth of microbreweries and creating opportunities for this niche segment.
In an effort to expand appliance sales outside of its native China, Haier bid to purchase Fisher & Paykel. Haier has attempted to boost sales globally, but has yet to overcome a stigma of the poor quality of Chinese products, states Jamie Ko, Head of Global Appliance Research at Euromonitor. With this recent purchase, Haier hopes to use the strength of Fisher and Paykel's known product quality and innovation to expand within Europe and North America.
The severity of the Eurozone crisis is spreading to Eastern Europe, states Daniel Tarling-Hunter, Economist at Euromonitor, with Eastern Europe impacted in three ways. First, the area is financially tied to the Eurozone; therefore the slowdown of Western financial output is hampering growth in the east as well. Exports are also being affected, as the European Union is a massive exporting sector for Eastern Europe. Finally, consumer confidence is fading in Eastern Europe as a result of spreading fears throughout the entire continent.
Heat and drought continue to be the story for commodities in late summer. According to Euromonitor's Senior Food Analyst, Francisco Redruello, the lackluster corn crop is the root of high prices for grain and powdered milk, High corn prices due to a small harvest means farmers will turn to low grade wheat for feed and ethanol will use sugar cane instead of corn. This, in turn, drives prices for grain and sugar cane up.
The luxury goods market is expected to continue to perform positively in 2013, states Fflur Roberts, Head of Luxury Goods Research at Euromonitor. Much of this growth comes from the introduction of affordable luxury, which has been designed in response to the economic downturn. These goods can also be sold on the internet, which is a retail sector luxury often cannot utilize, as much of the experience of buying high end goods comes from the stores themselves.
There are many faces to the pet humanization trend, states Paula Flores, Head of Global Petcare Research at Euromonitor. The trend, which observes that more pets are being treated as members of the family, has manifested itself in the growth of products such as premium pet food. However, owners are taking the trends to other levels, with products such as dog houses that are miniature versions of owner's houses, and the first television channel for dogs.
Sportswear is growing more quickly in major European markets than anywhere else in the world, states Magdalena Kondej, head of apparel research at Euromonitor. Russia’s growth has been especially dynamic with major sportswear retailers looking to enter the country as growth continues. Adidas has planned over 1,200 shops to open in Russia through 2015, and Nike plans to enter the country as well. Brand oriented rivalry in Russian youth culture makes expansion particularly important for sportswear retailers.
Remittances, or the transfer of money by a foreign worker to his/her home country, are driving the consumer foodservice industry, mainly driven by remittances to countries like Mexico and the Philippines. Michael Schaefer, head of consumer foodservice research at Euromonitor, states that the importance of remittances, as opposed to other forms of foreign direct investment, is that much of it is spent on consumption. Foodservice, he explains, is a large part of that consumption. Schaefer gives several examples of foodservice chains that have been directly affected by remittance flow.
The Australian High Court has upheld the plain packaging law that states that all tobacco packaging must be removed of logos and branding, except for the brand name, and requires graphic health warnings on the packs. Shane MacGuill, tobacco industry analyst at Euromonitor, states that other countries, such as New Zealand, Canada, France, and the UK are watching Australia and may introduce plain packaging laws based on the results of Australia's law.
It's no secret that society today is obsessed with weight and body image. Daphne Kasriel, countries and consumer editor at Euromonitor, explains why weight is such a hot topic, why consumers are getting heavier, and how policy makers are combating the obesity epidemic.
液体タイプが大きく伸び、粉末タイプの市場規模を上回った日本の衣料用洗剤市場。その一方で、アジア太平洋地域（注）では、洗濯機の普及率が5割程度に過ぎず、依然として洗濯石鹸が一定の支持を得てます。しかしながら、現在、消費者の購買力向上に伴い、アジア太平洋地域の衣料用洗剤市場は変遷期に突入しています。
アジア太平洋地域の衣料用洗剤市場の現状と今後の展望、そして日本企業のシェア拡大について、ユーロモニター・インターナショナルのリサーチアナリスト竹村真理子が解説します。
（注）日本、オーストラリア、ニュージーランドを除く、アジア太平洋の45ヶ国（地域）を含む
The heat wave in the Midwestern United States continued to take a toll on the corn crop, causing prices to continually rise. Euromonitor International's senior food analyst, Francisco Redruello, gives his monthly soft commodities roundup, looking at wheat, grains, and other markets and ends with a prediction for August 2012.
In his recent videocast, Lamine Lahouasnia, retailing analyst at Euromonitor, stated retailer John Lewis would be the 'gold medal' winner in terms of sales. John Lewis has recently released sales data for the first week of the games, and the department store has seen 22% sales growth during that period. Other retailers in London have not been so lucky - many tourists are avoiding the town all together in fear of high traffic and congestion.
Sony has purchased Gaikai, a cloud based gaming service allowing users to play PC and console games via the cloud. Giedrius Daujotas, toys and games industry analyst at Euromonitor, believes Sony will take advantage of Gaikai by putting it to use via the Playstation console, allowing gamers to download trial versions of certain video games. Other applications include television hardware, where Gaikai could provide streaming content directly to a television set.
Packaging sustainability is a key concept for this year's Olympic games. Coca-Cola is aiming for all of its PET bottled soft drinks to be recycled at the Olympic Games this year, in an effort to increase awareness of sustainable packaging. Rosemarie Downey, head of packaging research at Euromonitor, states that this is one of several initiatives by companies surrounding the games. The London Organizing Committee for the Olympic Games, has stated that all non-recyclable Olympic packages must be either combustible or incinerated for energy generation, as part of an effort to send no waste to landfills during the games.
Peugeot S.A., or PSA, the manufactures of Peugeot and Citroen vehicles, recently announced that it would be cutting over 8,000 jobs and closing down a plant near Paris in 2014. Neil King, automotive industry analyst at Euromonitor, states that the Eurozone debt crisis is mostly to blame for PSA's plans, but other car manufactures are also encroaching on PSA's territory, giving consumers alternate choices when buying automobiles. King states that PSA may want to consider entering global markets, as many of its competitors have done.
Mass market consumers will no doubt be inspired by watching Olympic athletes at the top of their game. The health and wellness industry must take advantage of this. Ewa Hudson, head of health and wellness research at Euromonitor, states that the games are a perfect opportunity for health and wellness companies to advertise products, in spite of the fact that the largest Olympic sponsors are sugary soft drinks and greasy fast food brands.
The two main trends shaping food and drink products in former Yugoslavian countries are convenience and health and wellness, states Milan Cakic, research analyst at Euromonitor International. The convenience trend is being reflected in the rise in sales of ready meals. Health and Wellness demands are shaping the introduction of low sugar, probiotic, and natural products into the market.
Regardless of the final numbers for the London 2012 Games, it remains important for the UK tourism industry to maintain a positive image in visitor's minds for potential future trips. Caroline Bremner, head of travel and tourism research, states that the real winners in the tourism industry could be the small boroughs. As international tourists arrive to Stratford International station, it's up to businesses and hoteliers to keep investing in that area so that they can help put East London on the map.
Despite reaching market saturation in Germany, their country of origin, discounters such as Aldi are experiencing growth in such developed markets as Australia and the United States. Raphael Moreau, retailing analyst at Euromonitor International, explains that due to the low price point of products, cost-conscious consumers are choosing discounters over regular grocery outlets. In fact, Aldi is opening 80-100 outlets annually in the United States. Moreau goes on to give a detailed analysis of the discounters channel worldwide.
Visa is one of the main sponsors of the Olympic Games, and is aspiring to make it the first "contactless games", states Michelle Evans, consumer finance industry analyst at Euromonitor. London first saw contactless payment options in 2003, when the Oyster Prepay card was introduced to the transit system. Now, tourists can use their Visa or Mastercard at the some terminals to pay for transit fares while traveling around London.
Consumers are practicing a concept called 'showrooming', where they interact with a product in a store, then purchase the same product online - often from a competitor. Lamine Lahouasnia, retailing analyst at Euromonitor, states that showrooming is becoming more of a problem in the advent of smartphones, which give consumers mobile internet access, and thus the ability to research competitor prices without leaving the store. Lahouasnia also explains several methods that retailers are implementing to compete with this practice.
Since the global financial crisis, business trips to countries that requested financial aid - especially Portugal, Ireland, and Greece - have decreased. Elvio Andrade, senior research analyst at Euromonitor International, states that unstable local economies are affecting business travel, and travel can only increase if the economies stabilize.
The Eurozone debt crisis continued to hamper growth in the soft commodities market in June 2012, states Euromonitor International's senior food analyst, Francisco Redruello. Paired with extreme heat conditions in the Midwestern United states, Western Europe, and the Baltic region, soft commodities saw a decline as investors sought out more stable markets. In this discussion, Redruello gives a detailed analysis of each soft commodity, including grain, corn, and cocoa.
Reality culture - including reality TV - is influencing consumer habits worldwide. Daphne Kasriel, countries and consumers editor at Euromonitor, explains that reality culture is an update on the classic rags-to-riches tale. In terms of popularity, some surveys show that the population ranks celebrities slightly higher than political figures. With reality TV at the top of ratings, advertisers are increasingly putting not-so-subtle messages into these programs, and consumers are emulating what they watch.
Pet food in Germany is benefiting from the pet humanization trend, states Euromonitor research analyst Clarissa Nicklaus. Humanization means that pets are being seen as family members and are, therefore, treated to care that is above or at the same level as their human counterparts. As a result of this trend, demand for natural, functional food for pets is shaping the pet food market in Germany. Organic pet food, however, is performing rather flat due to strong demand for functional food.
Western European countries facing the most economic difficulty in recent months - Greece, Italy, Portugal, and Spain – are also showing declines in wine consumption. Wine producers are combating an oversaturated market in Western Europe, explains Katharina Oldenkotte, senior research analyst at Euromonitor. Therefore, new trends, such as environmentally-friendly and organic wine, are seen as ways to break the negative growth of wine in Western Europe.
The tourism industry in Azerbaijan was recently in the spotlight for hosting the Eurovision music event. However, in the coming months it will most likely remain as an unusual travel destination chosen by more experienced travelers, according to Mantas Kaluina, senior research analyst at Euromonitor. To draw in more tourists, Azerbaijan must market its main attractions and keep its tourism industry educated and well-managed.
Although cider and perry are fairly common in Western Europe, these drinks have not yet gained popularity in Eastern Europe. Milan Stabel, research analyst Milan Stabel at Euromonitor, says that many Eastern European countries are largely beer consumers. Eastern European consumers are either unfamiliar with cider or confuse it with cheap apple-based wine. Educating these consumers can help bring a successful introduction of cider in Eastern Europe.
La crise économique et les mesures d’austérité instaurées en 2011 en France frappent l’ensemble des secteurs d’activités et la consommation s’en ressent. Pour préserver la recherche du plaisir, les consommateurs français favorisent les prix et la simplicité des produits. Johanna Kolerski-Bezerra, Analyste d’Etudes de Marché a Euromonitor International explique quelles sont les catégories et les nouvelles tendances qui ont réussies, malgré la crise, à contribuer à la croissance du secteur de l’hygiène-beauté en France.
Organic traits are no longer reserved for food and beverages, states Diana Cowland, health and wellness research analyst at Euromonitor. Organic properties are moving into other industries, including tissue and hygiene, vitamins and supplements, and apparel. Beauty and personal care is the largest industry outside of food and drink with organic products. Shoppers are taking an interest in natural ingredients, especially when the products require application to skin.
Consumers in Norway have a strong confidence in their county's economy. As a result of this, Norwegians are actually trading up to premium products instead of shifting towards private label products. Nicklas Nilsson, research analyst at Euromonitor International, states that consumer confidence is so high in Norway that consumers are convinced that their economy won't be affected by the downturn. Norwegian manufactures have taken advantage of this mindset and are releasing products with multiple benefits.
The region of Southeast Asia - Indonesia, Malaysia, Singapore, Vietnam and Thailand - is sometimes overlooked by consumer foodservice operators, but shouldn't be ignored due to its location. These countries sit in between China and India, two of the most populated areas of the world, accounting for combined foodservice sales of US$100 billion. Foodservice operators can focus on several untapped markets in Southeast Asia by catering to rural areas and expanding on snack offerings.
The soft commodities market continued its negative tone in May mostly due to the bleak global economic outlook. The US dollar index continued its rise, and consumer confidence remained low. Francisco Redruello, senior food analyst at Euromonitor, gives his explanation for current drops in markets such as corn, sugar and cocoa beans, and offers an outlook for June as well.
Public debt continues to burden many countries, especially in Japan where the government has put money toward bailing out banks, designing spending programs and repairing damage from the 2011 tsunami disaster. Euromonitor’s government, labor and education research manager, Carrie Lennard, explains that in order to raise money, Japan will raise its consumption tax. This tax increase will have a negative effect on consumer spending. The United States is also struggling with high public debt due to spending on wars in Iraq and Afghanistan, and the automotive industry bailout. Lennard also gives several examples of countries where public debt is being reduced.
Globally, stand up plastic pouches sold about 40 billion units in 2011, making the pack type one of the most dynamic in terms of growth. Karine Dussimon, senior packaging analyst at Euromonitor, states that pouches are most prominent in food, but can also be found in the pet food, beverages, and home and personal care categories. There are opportunities for pouches in emerging markets such as Latin America and Asia Pacific where the pouch is still a relatively unconsidered alternative to rigid plastic containers.
The government of India is attempting to deliver financial services to all its citizens for three main reasons, states Shabori Das, research analyst at Euromonitor. First, to maintain its current growth rate India wants more citizens to be able to have a bank account, take out loans and send money easily. Second, these services will help close the gap between the rich and poor and the rural and urban. Third, the Indian government hopes to change the mindset of the rural population that still use cash for almost all transactions.
Coty recently withdrew its bid for Avon, leaving questions in the beauty and personal care industry about what’s next for the company. Oru Mohiuddin, company analyst for beauty and personal care at Euromonitor, states that other acquisition targets could be sought out by Coty. Revlon and Natura, the other potential targets, are not as well-positioned as Avon, which would have provided Coty an entry into the Latin American market and a presence in colour cosmetics. Mohiuddin states that the withdrawal may be an attempt to coerce Avon into accepting the bid.
Mergers and Acquisitions were the story for many beauty and personal care companies in 2011. With Unilever acquiring Alberto Culver, Kalina, and Sara Lee’s personal care division along with Colgate’s acquisition of Sanex, it's clear that companies are engaging in M&A activity to regain confidence in the global economy. Oru Mohiuddin, company analyst for beauty and personal care at Euromonitor, states that mergers and acquisitions can help a company expand its portfolio, grow into regional markets, expand distribution coverage, or develop greater internal digital media expertise.
The waves of the Arab Spring are still being felt in almost every industry throughout the Middle East. Egypt is no exception - visitors to the country in 2011 dropped almost 37 percent from 2010. Mariam Jarrar, market research consultant at Euromonitor, states that despite all its negative effects, the revolution in Egypt helped many travel agencies stay in business, especially those focused on outbound tourism. Jarrar states that to draw visitors back to the country, landmarks from the revolution can be positioned as tourist destinations for the post Arab Spring era.
Oil prices have been on the rise since 2001, and have recently reached levels achieved during the global economic crisis. Daniel Tarling-Hunter, economist at Euromonitor International, states that while market speculation is certainly a reason behind high oil prices, global demand for oil and crises in the Middle East are more to blame. Emerging markets are also using more oil than ever before, and as a result, the world is potentially moving towards a period of oil scarcity.
Aerosol cans are mainly used in the home care and beauty and personal care industries, with applications in deodorant, insecticides, air fresheners and styling agents. Deodorants lead the way in growth opportunities, with global sales expected to increase by 4 percent in 2012. In fact, 46 percent of all unit volume sales of aerosol cans are expected to come from deodorants between 2011 and 2015.
The economic environment is having a negative impact on the soft commodities market. Francisco Redruello, senior foods analyst at Euromonitor International, explains that China's economic slowdown and the UK's double dip recession fears have led to declines in futures for most commodities. Cocoa, however, is a bright spot due to a surplus from 2011.
Cigarette pricing is an important aspect of the tobacco industry because price is an effective way to reduce global smoking prevalence, according to the Framework Convention on Tobacco Control (FCTC). Don Hedley, research analyst at Euromonitor International, explains that there is an ongoing argument between tobacco companies and the FCTC regarding cigarette pricing. While the FCTC says that lower prices will reduce smokers worldwide, tobacco companies say that higher prices will increase illicit trade in the global tobacco industry. Governments can also weigh in on the issue, as taxes on tobacco products generally benefit governments. Governments can also insist that manufacturers raise prices to generate more revenue.
Il 2011 è stato un anno difficile per l’economia italiana. Anche la ristorazione è stata colpita duramente dalla crisi. Gli italiani hanno ridotto la frequenza dei consumi fuori casa cosi come la quantità e qualità dei pasti extradomestici. Tuttavia alcune categorie hanno tratto vantaggio da questo momento di difficoltà economica. In questo podcast Mara Magro, analista per l’Italia presso Euromonitor International, presenta tendenze e prospettive future per il settore della ristorazione in Italia.
Consumers are increasingly using tools such as the Internet and social media to express opinions on brands and products. Daphne Kasriel, consumers research editor at Euromonitor International, explains how social networking has put consumer demands and complaints in the spotlight. Social networking has given consumers direct access to brands, and the scale and speed of reactions are bigger and faster than ever before. Brands need to be cautious on responding to consumers. Instead of responding to negative comments with blanket apologies, crowdsourcing initiatives can be implemented to take consumer opinions into consideration.
The natural resources landscape is evolving under new challenges with increasing demand from a growing population and a rising middle class. Sarah Boumphrey, global head of countries and consumers research at Euromonitor, explains that natural resources are faced with supply anxieties and mounting environmental concerns. The dynamics between supply and demand generally affect prices for consumer goods. Boumphrey adds that companies can help themselves by focusing on sustainability.
Tissue and Hygiene and Home Care companies are relying on digital media as a way to cut marketing costs and gain access to new markets. Lee Peart, research analyst at Euromonitor, discusses Proctor and Gamble's investment in digital marketing and their pledge to gain one billion new customers by 2015. Examples of P&G using digital marketing include the company setting up six brand stores on Facebook in 2011, and being one of the first companies to use sponsored tweets on Twitter.
Liquid carton sales rose by 6 percent in 2011, with the bulk of sales coming from cartons used in food and soft drinks. Regina Maiseviciute, packaging research analyst at Euromonitor, explains that China had a large role in the growth and is set to consume 35.6 billion units between 2011 and 2015. Western Europe also helped boost sales of liquid cartons, particularly in the pet food market. Maiseviciute also discusses future prospects for liquid cartons.
The humanisation trend in pet care means that owners feel inclined to feed pets with better food then they eat, states Paula Flores, senior research analyst at Euromonitor International. Examples of wellness in the pet food industry can be seen in new pet food product launches that feature portion control. Organic food choices are also now available by some brands. Health and wellness is set to grow in the coming years, so prospects are good for healthy human and pet alike.
The Australian government recently passed a plain packaging law stating that aside from a graphic health warning the only colour on a pack of cigarettes will be an olive green text baring the name and product of the cigarette. Don Hedley, research analyst at Euromonitor, discusses the implications of this law and how tobacco companies are attempting to fight it. Phillip Morris, British American Tobacco, Imperial and Japan Tobacco International are suing the Australian government on grounds that the law violates the Australian constitution. Hedley also gives his opinion on whether plain packaging actually reduces smoking rates.
With high oil prices looming over the commodities market, futures looked bleak in March 2012. Francisco Redruello, senior food analyst at Euromonitor, discusses the commodities market in March 2012 including wheat, corn, cocoa beans, sugars and coffee. Redruello gives an overview of each commodity and discusses the markets in the upcoming months.
Although competition from other retailers is strong in South Africa, Shoprite's profits are up. Cedric Bra, retailing analyst at Euromonitor International, explains how Shoprite stood strong among competition, slow consumer spending and rising prices in South Africa:
- Shoprite is keeping prices low, and consumer perception is that prices are lower than competitors.
- Modernising its supply chain has increased profit margins for Shoprite.
- The company operates 20 different brands in South Africa.
Bra expands to talk about Shoprite's foreign operations and the challenges in years to come.
The number of mobile phone subscribers is expanding rapidly across the globe. An Hodgson, technology, communications and media manager at Euromonitor International discusses the implications of a connected population worldwide. The greatest potential for mobile markets are in emerging economies, such as China, India, and Indonesia, where consumers are targeted with affordable handsets and pre-paid subscriptions. However, developed markets should not be ignored, as new mobile technology is constantly being developed to make networks faster. Euromonitor International forecasts 7.6 billion mobile phone subscribers worldwide by 2020, up from 5.5 billion in 2011.
Suite a son intervention au sommet/conference Invest in Morocco 2012 a Casablanca, Aziz Khyari, consultant regional chez Euromonitor, partage ses analyses au sujet des dernieres tendances regionales du tourisme au sein de la Zone MENA, en mettant en avant les differents impacts qu’a eu le printemps arabe sur les industries du tourisme en Afrique du Nord, et les differents shifts qui s’y sont operes.
Retailers such as Wal-Mart are moving into Africa and the Middle East. Cedric Bra, retailing analyst at Euromonitor International, discusses the reasons Africa and the Middle East make such an attractive destination for foreign investors. The region recovered quickly from the global recession, and sales growth for the Middle East and Africa reached 4% in 2011, making it the fastest growing region for retailing in the world. Bra states that for any global retailer, setting up a strategy in the region will be the key to long-term growth.
Financial cards continue to gain momentum worldwide, particularly in emerging markets. Michelle Evans, consumer finance industry analyst at Euromonitor International, states that Vietnam, Turkey, and the Philippines are projected to be the three fastest growing markets for card payment volume in 2012. Card functions like debit and pre-paid continue in their popularity, and debit has grown extensively due to efforts by both public and private sectors to reach the unbanked population of the world.
It's been over a year since the initial uprisings that spurred the Arab spring. Hilary Walsh, economy, finance and trade manager at Euromonitor International, takes a look at the economic outcomes of the protests. With losses from travel and tourism in many countries, there is a struggle to gain GDP growth through oil exports. Economic outlooks vary from country to country, but for most areas balance needs to be maintained in short-term spending and long-term policies.
Following his presentation at Gulfood 2012, Michael Schaefer, global head of consumer foodservice research at Euromonitor International, discusses how consumer foodservice operators are expanding their consumer reach and offerings to meet the needs of consumers in mature and emerging markets. In mature markets, outlets are reaching out to expand their daypart service, meeting consumers’ needs at all times of the day. In emerging markets, outlets are looking to expand their offerings to be more affordable, thus increasing traffic to lower income consumers.
In the past, Australian online retail sales have been notoriously low but changes are coming. In this podcast, Bettina Kurnik, research analyst at Euromonitor, explains the rise of internet retailing in Australia. In 2008, Germany, France, the US and the UK saw about 5-6% of apparel online sales, while Australia saw only 2%. In 2011, Australia was up to 5%. Why the rise in online retailing? Kurnik explains why consumers in Australia are more internet savvy than ever before.
In this podcast, Ray Li, research analyst at Euromonitor International, discusses the consumer appliances market in China. Due to a subsidy program set in place by the Chinese government, appliance sales in rural areas have grown significantly. Appliances like washing machines and refrigerators showed moderate growth, but it was air conditioners that benefitted the most. Rural consumers who couldn't previously afford non-essential appliances now could under the subsidy program.
In this episode of Globalcast, Francisco Redruello, senior foods analyst at Euromonitor International, gives his monthly roundup of the soft commodities market. In February, the largest commodities story was the crisis in Iran, which impacted oil prices, but surprisingly, did not affect corn futures. Redruello also covers cocoa beans, sugar, coffee, and skim milk powder, with key projections for the coming months.
Beauty and Personal Care sales grew stronger in 2010, but economic recovery remained fragile in mature markets, states Serena Jian, senior company analyst for beauty and personal care at Euromonitor International. Beauty and personal care companies with a diverse international presence will fare well during economic recovery because of slow growth in mature markets. However, companies should not focus mainly on emerging markets. Although emerging markets' sales are stronger, mature markets still account for most revenue in larger beauty and personal care companies.
Following his presentation at Gulfood 2012, Lee Linthicum, head of food research at Euromonitor International, discusses how packaged food manufacturers can thrive in an increasingly difficult global environment. In this episode of Globalcast, Linthicum reviews the four key elements that consumers are looking for from their food products. These include:
- Taste
- Indulgence
- Health & wellness attributes
- Convenience and easy preparation
If food products can have these four elements, they have a better chance of succeeding in the global marketplace.
Ian Bell, head of home care research at Euromonitor, explains how the single-use format of laundry detergent, or monodose format, has been on the forefront of laundry technology. In North America, Purex Complete 3-in-1 sheets, which combine detergent, softener, and an antistatic in dryer sheets, are an example of the simplicity that the monodose format offers. With the release of Tide PODS in the US, more monodose options are likely on their way.
Greece is receiving another bailout because the country does not have the means to pay 14.5 billion euros to its bondholders. Hillary Walsh, economic, finance and trade manager at Euromonitor International, explains that this particular bailout is very important to Greece, which has been in recession for five years. This new bailout requires that the Greek government fire 150,000 public sector workers by 2015, cut minimum wage by 22%, and lower pensions of more than 1,300 euros by 12%. In return for meeting these conditions Greece has arranged a debt swap for private bondholders. Based on the terms of the bailout, the European Union, the International Monetary Fund and the European Central Bank hope there will be no negative financial repercussions for the rest of the Eurozone.
Carrefour's annual results for 2011 confirmed the company is having difficulties turning around its French operations. Raphel Moreau, research analyst at Euromonitor International, discusses Carrefour's plan for the upcoming year. With a new CEO in place, Carrefour hopes to add flexibility to its stores based on their locations. For instance, smaller discounting stores were tested in emerging markets with the hopes to bring more stores to smaller economies.
Apparel retailers will feel increased pressure to recover margins following strong discounting in 2011. Magdalena Kondej, head of apparel research at Euromonitor, says most stores will focus on strengthening margins in 2012, which will most likely lead to increased prices. From the consumer perspective, this doesn’t seem like a good proposition, so apparel brands which did the best in 2011 and won’t have to raise prices as much are set to gain the most shares in 2012.
Marketers in Sweden are targeting women with new product launches in the energy drink segment, states Euromonitor International research analyst George Fulep. Femme Natural Boost is the first energy drink in Sweden created specifically for women and is sold in a slim, pink can. Sweden also saw the launch of Natural Magic Energy, which is free of taurine, artificial sweeteners, and preservatives. The worldwide energy drink market is expected to grow by about 27% in value terms annually until 2016, so unique product designs and concepts are welcome in the market.
Francisco Redruello, Euromonitor International's senior food analyst, gives his monthly wrap up on commodities. In this episode, Redruello focuses on January 2012, a month that saw more cash flowing for investments in commodities, Brent oil futures declining, and strong market fundamentals. Redruello concludes the episode with an outlook of February and March 2012.
IPO activity in the GCC region - which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates – saw a spike in the last year. Ali Abbas, senior regional consultant for Turkey and the Middle East and Africa, explains some of the larger IPOs and looks towards economic activity for the region in 2012. The largest IPO for 2011 was UAE's Eshraq Properties Company, with a total offering of US$229.1 million. The rise of real estate activity paired with government spending is likely to trigger more economic activity in the region in 2012.
On January 19, 2012, President Obama signed an executive order allowing a task force to create a national tourism strategy in the US. Michelle Grant, travel and tourism industry research manager at Euromonitor, explains the strategy that will be set forth by this bill. The task force will promote national parks, speed up the visa process, and market the US as a destination abroad. Grant discusses the positive effects that the bill has, and the steps that need to be taken for the US to promote itself as an international tourism destination.
Ian Bell, head of home care and tissue and hygiene research at Euromonitor International, discusses Procter & Gamble's launch of Tide Pods in the United States. The pods are a quick dissolve detergent meant to be dropped into one load of laundry as a liquid soap alternative. Tide Pods have been delayed since summer 2011, and Bell discusses if wary US consumers are ready for a premium laundry product post-recession. Laundry tablets never really gained a foothold in the US, mainly due to dissolvability issues stemming from certain washing cycles in US laundry appliances. Tide Pods claim to solve these issues. Bell discusses the possibility of Tide Pods gaining a position in the US laundry market.
In this episode of Globalcast, Spiros Malandrakis, alcoholic drinks industry analyst, and Jeremy Cunnington, alcoholic drinks senior company analyst, discuss strategies for alcoholic drinks companies in the upcoming years.
Learn about:
- How the landscape of the alcoholic drinks industry has changed since 2008
- What 2012 will bring for alcoholic drinks companies
- Strategies that alcoholic drinks companies should take for expanding in emerging markets
In this episode of Globalcast, Paula Flores, senior research analyst at Euromonitor, discusses sun care market performance in 2011, with a look at the challenges and opportunities for manufacturers in the upcoming years.
Hear about:
· Sun care industry performance in recent years
· Developments and trends in sun care and sun protection
· New product developments, such as spray-on sun protection
· The challenges and opportunities for sun care heading into 2012
In this episode of Globalcast, Giedrius Doujotas, Toys and Games research analyst at Euromonitor, discusses what's hot in toys and games for this holiday season.
Hear about:
- What children and young adults are wishing for this holiday season
- The video game hardware debate - should you upgrade next year or buy cheap this year?
- The reasons behind the optimism in retailing for emerging markets
In this episode of Globalcast, Francisco Redruello, senior foods analyst at Euromonitor, gives a summary of the soft commodities market in November 2011 including a look back at the year as a whole.
Hear about:
- The effects of the increase in the price of the US dollar
- The decline in grain prices and what this means for the commodities market overall
- The reasons behind the mini-crash in corn futures
- The summary of the commodities market in 2011 and a glance into 2012
In this episode of Globalcast, Euromonitor’s government, education, and labour research manager Carrie Lennard, discusses the changing global picture of women in the workforce. Lennard examines the economic prospects for countries with high female employment rates.
Learn about:
How and why female employment is changing globally
Why high female employment rates are a positive thing for economies
Which countries have the highest and lowest rates of female employment, and why
Why female employment matters in consumer goods
What the outlook is for female employment worldwide
In this episode of Globalcast, Ivan Uzunov, Senior Research Analyst at Euromonitor International discusses the impact of the European Union’s recent approval of the natural sweetener Stevia. Uzunov focuses on how the soft drinks market in Europe is using Stevia since the approval.
Learn about:
- The history of the approval of Stevia by the European Union
- The advantages of Stevia for soft drink manufacturers
- Which soft drink companies are using Stevia
- The disadvantages of using Stevia
Following her webinar, “Global Challenges into 2012”, Media Eghbal, Country Insight Manager at Euromonitor International, discusses the global economic prospects for 2012.
Learn about:
- The global economic outlook for 2012
- If recession will hit advanced economies next year
- The outlook for emerging markets
- The potential for consumer spending
In this episode of Globalcast, Ewa Hudson, Head of Health and Wellness at Euromonitor International, discusses her findings from the SupplySide West Pro-biotic Workshop.
Ewa discusses:
The most interesting trends that came from her presentation
Which markets might reach saturation in the upcoming years
Opportunities for mergers and acquisitions in health and wellness
The next big thing in probiotics
In this episode of Globalcast, Michael Schaefer, Head of Consumer Foodservice Research at Euromonitor, discusses the latest acquisition by Jollibee, the Philippines-based fast-food burger chain, and what global operators can take away from its strategy.
Learn about:
- Jolibee's latest acquisition
- The consumer food service market in the Philippines
- Examples of acquisition strategies worldwide similar to Jolibee
- Key takeaways for global operators
In this episode of Globalcast, Daphne Kasriel, Countries and Consumers Research Editor at Euromonitor, discusses global consumer spending attitudes during the holiday season in 2011. With global economic turmoil still looming, Kasriel explains marketing tactics used by retailers to attract consumer activity.
Hear about:
The reasons behind retailers offering holiday discounts so early this year
If retailers will see declining consumer spending due to economic uncertainty
New trends for the holidays
The forecast for this year's sales season
In this episode of Globalcast, Emily Woon, Head of Pet Care Research, discusses the pet healthcare market and the challenges faced by the pet healthcare industry.
Hear about:
- The overall performance of Pet Care in recent years
- The largest markets for Pet Healthcare products
- Challenges to Pet Healthcare manufactures, including educating pet owners on preventive healthcare
In this episode of Globalcast, Francisco Redruello, Senior Foods Analyst at Euromonitor International, discusses the soft commodity market in October 2011 and gives an outlook for the remainder of the year.
Learn about:
- How depreciation of the US dollar has impacted the commodities market
- What is behind the reversal of grain fortunes
- The role of emerging economies in hectic cocoa and sugar trading
- The strong output expectations for milk and its role in recent auctions
In this episode of Globalcast, Euromonitor’s Ingredients Industry Analysts, Yariella Coello and Diana Cowland discuss flavour and fragrance trends across soft drinks, snacks, dairy, ice cream, bath and shower products, hair care and home care.
Learn about:
- How flavour and fragrances are being used to present natural and health-related trends
- Examples of how manufactures are incorporating these trends into products
- How different countries and cultures use aromas in their products
- The future of flavours and fragrances
In this episode of Globalcast, Nadejda Popova, Travel and Tourism Analyst at Euromonitor discusses global hotel market performance in 2010 and future trends for the tourism industry.
Learn about:
- The overall performance of hotels in 2010
- Which regions offer the most opportunities and developments for the hotel industry
- How social media influences major market players such as Starwood
In this episode of Globalcast, Sakina Balde, Senior Research Analyst for Africa at Euromonitor International, discusses how the economic downturn has impacted South Africa's spending habits.
Hear about:
- The rising GDP in South Africa and how it relates to consumption
- What South African manufactures and retailers are doing to encourage consumer spending
- If the consumer boom is over for South Africa
In this episode of Globalcast, Francisco Redruello, Senior Foods Analyst at Euromonitor International, discusses the soft commodity market in September 2011 in light of stock market panic and an increase in 3 percentage points in the US dollar index.
Learn about:
- Grain losing its 'safe haven' status among traders
- The effect of declining wheat futures
- Low global corn stocks and what that means for ethanol prices
- The reasons behind the drop in sugar futures
In this episode of Globalcast, Senior Research Analyst Pasi Hannonen discusses Finnish cross-border shopping with the reputation of Finland being an expensive country.
Hear about:
Countries Finns visit to shop and why
Products Finns buy when they travel
How cross-border shopping effects retailing in Finland
The future of shopping tourism for neighboring countries of Finland
In this episode of Globalcast, Regina Maiseviciute, Packaging Industry Analyst at Euromonitor, discusses the tobacco market in Eastern Europe and how packaging is playing an important role in cigarette consumption.
Hear about:
- The reasons behind the decline of cigarette consumption in Eastern Europe
- The emergence of premium brands in cigarettes
- Changes and shifts in packaging sizes
- The market outlook for tobacco in Eastern Europe
In this episode of Globalcast, Richard Haffner, Head of Beverages Research at Euromonitor International, discusses new product developments in hot and soft drinks, and what is driving these developments across different regions and cultures.
Hear about:
- How new product developments differ between hot and soft drinks
- New product health claims, and how these claims vary regionally
- Trends in product developments in developing markets
In this episode of Globalcast, Antonia Branston, Senior Retail Analyst at Euromonitor International, gives a detailed overview of the non-grocery retail channel in the United Kingdom.
Hear about:
- Prospects in the U.K. for non-grocery retailing, specifically in the shadow of economic recession
- The impact of the riots for retailing
- The hard-hit sectors in non-grocery retailing
- Opportunities for larger retailers
In this episode of Globalcast, Marlous Kuiper, Head of Alcoholic Drinks Research at Euromonitor, gives an overview of the global beer market, including prospects for future growth.
Hear about:
- The reasons for slow growth in the market in 2010
- China's impact on the market overall
- The strong performance of the lager segment
- Future prospects for the beer industry
Incentivar las llegadas de turistas gay y convertirse en un destino de congresos son ejes centrales de la nueva estrategia de la ciudad
En 2010, la Ciudad de México recibió un total de 19,6 millones de turistas, un aumento del 15% en relación al 2009. El fuerte crecimiento se debió a la recuperación económica del país después de un mal año en 2009, pero también a iniciativas públicas y privadas.
En este podcast, escucha a Michelle Grant, analista de turismo de Euromonitor, para conocer las últimas novedades de la industria en la ciudad de México y cómo se prepara para tener un sitial de nivel mundial.
Visita la página de podcast en nuestro blog y mantente al día de las últimas tendencias de consumo y estado de la industria.
In this episode of Globalcast, Magdalena Kondej, Head of Apparel Research at Euromonitor, discusses the trends in the global jeans market.
Learn about:
- The economy's impact on the jeans market
- The up and coming innovations in jeans
- The largest threats to growth
- The opportunities for jeans
In this episode of Globalcast, Francisco Redruello, Senior Foods Analyst at Euromonitor International, discusses the soft commodity market in August 2011.
Learn about:
- The financial and economic background to August short-term trading
- The ‘haven status’ of corn and wheat in the face of falling stocks
- The unexpected rise of cocoa prices and the rising trend of cocoa powder ratios
- The impact of China on sugar demand
- The rise of rice futures in August and its causes
- The unlikely collapse of skimmed milk powder in September
- The rise of palm futures during the Ramadan month
- Outlook for soft commodity prices in September/October
In this episode of Globalcast, Daphne Kasriel, Consumers Editor for Euromonitor International, discusses the impact of celebrities on consumer trends, lifestyles and buying habits.
Learn about:
- The relationship between celebrities and consumer trends
- How consumer aspiration for the celebrity lifestyle impacts buying habits and lifestyles
- The influence of "celebrity worship" on emerging markets
- Ageing in celebrity culture and how it applies to consumers
In part two of a podcast series on natural, organic and sustainable beauty care, Carrie Lenard, Beauty and Personal Care Analyst at Euromonitor International, discusses the effect of natural and organic beauty products to the global market.
Hear about:
- How natural and organic products are changing the beauty industry
- The key channels that these products are distributed in
- The diversification of price points in the industry due to these new products
- The regulations regarding natural and organic beauty products
In part one of a two part podcast on natural, organic and sustainable beauty care, Irina Barbalova, Head of Beauty and Personal Care Research at Euromonitor, explains how the beauty industry is embracing sustainability and the trends behind the recent sustainability push in beauty products.
Learn about:
- How the beauty industry perceives sustainability
- The drivers behind these trends
- The goals beauty companies are aiming towards
- If sustainability will stay high on the agenda of beauty companies
According to Euromonitor International research, production of major appliances in Poland is expected to grow by 23% in volume terms in 2011. In this episode of Globalcast, Raffaella Traverso, Consumer Appliances Research Analyst, explains the large growth in production and the key reasons behind Poland's booming appliance production.
Learn about:
- The reasons behind multinational companies relocating production to Poland
- The future development of appliances expected for Poland
- The consequences of investments made by Korean companies in Poland
In this episode of Globalcast, Jason Honeybone, Research Analyst at Euromonitor International, discusses the proposed carbon tax in Australia and its possible effects on the economy and retail environment there.
Learn about:
- What the carbon tax is and why it's being introduced
- What the effects of the tax will be
- How the tax might impact the economy
- How the tax might affect the retail environment in Australia
Ildiko Szalai, Senior Company Analyst at Euromonitor International, investigates Kraft’s announcement that it will split operations into two publicly traded companies.
Hear about:
- The reasons behind the Kraft split
- The possible sale of one of the new divisions
In this episode of Globalcast, Francisco Redruello, Senior Foods Analyst at Euromonitor International, discussions the commodities market in July 2011.
Hear about:
- The latest news in agricultural commodities
- The reasons behind the drop in corn stocks
- The effect of financial instability on commodity trading
- If the drop in cocoa prices will collapse the cocoa market
- The change in rice, milk powder and palm oil
- The overall assessment of agricultural commodities in August and September
In this episode of Globalcast, Michelle Evans, Consumer Finance Industry Analyst at Euromonitor, discusses the current trends in emerging payments in the USA.
Learn about:
- The current trends for emerging payments in the US, including the 'mobile wallet' trend
- The companies that are making the biggest plays so far in the US market
- What the biggest hurdle preventing the launch of a mobile wallet in the US
- Unique companies attempting to gain a place in the payment landscape
In this episode of Globalcast, Giedrius Daujotas, Toys and Games Research Analyst at Euromonitor, reviews the videogame market and emerging trends in the industry.
Learn about:
- The history of the videogames market
- The key drivers of the industry
- The regional trends in videogames
In this episode of Globalcast, Francisco Redruello, Senior Foods Analyst at Euromonitor International, gives a summary of the commodities market in June 2011.
Hear about:
- The unexpected drop of prices in the grain market
- The role of the global economy on commodities
- The rally of sugar and cocoa prices
- The decline of rice prices
- The July and August outlook for commodities
In this episode of Globalcast, Mickael Dominguez, Health and Wellness Analyst at Euromonitor, explains the latest developments in the European Union regarding Stevia.
Hear about:
- The latest development in the EU regarding Stevia
- Where Stevia is legal
- What products on the market include Stevia
- Why Stevia is so appealing to the food industry
In this episode of Globalcast, Daniel Latev, Head of Non-Store Retailing Research at Euromonitor, discusses the internet retailing market and the impact of the Consumer Rights Directive on cross boarder internet sales.
Learn about:
- What the state of internet retailing in the European Union is
- What the development is for cross boarder internet sales in the EU
- What the prospects are for cross boarder sales
- What the implications are for retailers following the Consumer Rights Directive
In this episode of Globalcast, Ian Bell, Head of Homecare Research at Euromonitor, analyses international consumer trends in homecare in Europe.
Learn about:
- The consumer trends in homecare in Europe
- The spread of trends to other regions
- How the 'cocooning' trend relates to the homecare industry
In this episode of Globalcast, Francisco Redruello, Senior Foods Research Analyst at Euromonitor International, discusses the outcome of the latest OPEC meeting on June 8, 2011.
Hear about:
- The reaction to the Saudi Arabia's Oil Minister's claims that this meeting was "one of the worst"
- Why OPEC quotes will stay where they are
- The implications for the prices of wheat, soy beans, and corn
In this episode of Globalcast, Daphnie Kasriel, Countries and Consumers Research Editor at Euromonitor discusses the term "glocal" and how it relates to multilayered consumer buying preferences.
Learn about:
- What 'glocal' means
- What is moving consumers to favour local consumption?
- What kinds of local purchasing choices are consumers making in 2011?
- Why it is important for brands to recognise global consumption
- Which type of consumption appeals to emerging markets?
In this episode of Globalcast, Milan Stabel, Research Analyst at Euromonitor International, discusses the development of private label brands in Eastern Europe.
Hear about:
- The performance of private label products in Eastern Europe
- The effect of private label on different sectors
- What retailers in Eastern Europe can do in order to develop successful private label strategies
- The most popular industries for private label
- The future outlook for private label brands in Eastern Europe
In this episode of Globalcast, Samantha Chmelik, Head of Global Consumer Health Research at Euromonitor, discusses her recent presentation and experience at the OTC/HBA national conference.
Learn about:
- The hot topics at the 2011 OTC (over-the-counter) National Conference
- How the conference goers reacted to the news of the Johnson & Johnson recalls
- A review of Scott Melville’s- new President and CEO of the Consumer Healthcare Products Association - assessment of the OTC retail environment
In this episode of Globalcast, Michael Schaefer, Head of Consumer Foodservice Research, discusses issues, implications and trends in the Consumer Foodservice Industry in 2011.
Hear about:
- Big issues facing consumer foodservice operators in 2011
- How the post-recession economy will affect the consumer food service industry
- Trends for the industry in 2011
In this episode of Globalcast, Yariella Coello, Ingredients Analyst at Euromonitor, explains the current state of the Beauty and Personal Care market in North Africa, discussing the implications for surfactants.
Hear about:
- Trends in beauty and personal care in North Africa
- Opportunities for categories besides the beauty and personal care basics in the region
- The development of surfactants in the region
- Niche category development in North Africa
In this episode of Globalcast, Ian Bell, head of homecare, tissue and hygiene research at Euromonitor International, discusses the economic outlook for the homecare market in 2010 and consumer trends in both developing and developed countries.
Hear about:
- The economic outlook for the homecare industry in 2010
- The definition of developing and developed countries
- If consumers are looking for value during current economic conditions
- They key trends for homecare in developing markets
- The future outlook for the homecare industry
In this episode of Globalcast, Mickael Dominguez, Health and Wellness Analyst at Euromonitor International, discusses the reasons behind the growing offer of better for you (BFY) reduced salt food products, examining the global performance of the category.
Learn about:
- The health opinions behind sodium - is it really bad for you?
- Who is pushing the manufacturers to offer products with less salt?
- If we will see more reduced-salt products in the supermarkets
- The forecast for BFY reduced salt packaged foods
In this episode of Globalcast, Manushi Jain, Economist at Euromonitor International, explains the economic challenges facing Japan following the natural disasters in March.
Learn about:
- How Japan's earthquake and tsunami have impacted the country financially
- How the disasters worsened the challenges facing Japan
- What the global implications of the disaster are
In this episode of Globalcast, Don Hedley, Tobacco Analyst at Euromonitor International, discusses the opportunities for tobacco in the Middle East and Africa regions.
Hear about:
- The global context of the tobacco industry in The Middle East and Africa
- If smoking is less prevalent in the Middle East and Africa than other regions
- The countries that consume the most cigarettes
- If the Middle East and Africa has been affected by anti-tobacco legislation
- The markets in the area that international companies are most interested in
In this episode of Globalcast, Daphne Kasriel, Countries & Consumers Research Editor at Euromonitor International, examines additional consumer trends from 2011 including older trends that are standing the test of time.
Hear about:
- Older consumer trends still prevalent in 2011
- How experience matters when purchasing a product
- How culture can be a consumer trend
In this episode of Globalcast, Daphne Kasriel, Countries & Consumers Research Editor at Euromonitor International, gives an overview of consumers in 2011 with a look at some surprising trends.
Learn about:
- What the consumer looks like in 2011
- The importance of consumer trends
- This year's surprise and emerging market consumer trend
- Today's 'green' consumer
In this episode of Globalcast, Fransico Redruello, Senior Food Analyst at Euromonitor International, discusses the recent policital unrest in the Middle East and Africa and its effects on commodity prices.
Hear about:
- How the turmoil in Ivory Coast is affecting coca prices
- The prices of wheat in the Middle East and Africa
- The differences between moderate and extreme political unrest
- Other factors that are affecting commodity prices
- If food prices will rise in the supermarkets
In this episode of Globalcast, Richard Haffner, Euromonitor's Head of Beverages Research, discusses recent trends in the soft drinks industry and gives projections for the future.
Learn about:
- The economic recovery of the soft drink industry
- The fastest recovering category in soft drinks
- How concentrates benefited from the recession
- The biggest driver of the recovering trends
In this episode of Globalcast, Emily Woon, Head of Pet Care Research, discusses the pet obesity issue and how this trend presents opportunites for the pet care market.
Hear about:
- The obesity problem in pets and how it relates to the obesity problem in humans
- The reasons behind the obesity problem in pets, including the "pet humanization trend"
- The health consequences for pets who have obesity problems
- The introduction of weight management products for pets
- The future opportunity for weight management products
In this episode of Globalcast, Spiros Malandrakis, Alcoholic Drinks Analyst at Euromonitor Interntational, discusses the state of the cider sector around the world.
Hear about:
- The drivers that make cider a resilient category
- The geographical spread and key markets of cider
- The opportunities in cider for brewers active in mature markets
- The global prospects of cider
In this episode of Globalcast, Euromonitor International's Consumer Lifestyles Manager, Jennifer Elster, discusses Euromonitor's consumer lifestyles reports.
Learn about:
- The key features of Euromonitor's consumer lifestyles reports
- The unique aspects that set the consumer lifestyles reports apart from other reports
- Some of the specific topics covered by the reports
In this episode of Globalcast, Euromonitor International’s industry analyst, Lorenza Della-Santa, gives an overview of the consumer appliance industry with a focus on Eastern Europe.
Learn about:
- The current state of Eastern Europe’s consumer appliance industry
- The opportunities for consumer appliances in the region
- Eastern Europe’s potential as a promising region for growth
In questa serie di Globalcast composta da 2 episodi, Lorenza Della Santa, analista del settore elettrodomestici per Euromonitor International analizza lo stato del mercato degli elettrodomestici nei paesi dell’ Europa del Est e valuta il potenziale offerto dalla regione per gli attori del settore.
Conoscere:
- ltre la Russia, tra le economie emergenti nel Europa dell’Est, l’Ucraina offre un forte potenziale di crescita per il settore degli elettromoestici.
- Le possibilita’ offerte dai nuovi paesi membri dell’Unione Europea: Polonia e Republica Ceca vs Romania ed Ungheria
- La capacita’ del mercato est europeo di compensare il calo del settore degli elettromestici nei mercati piu’ maturi come quelli dell’Europa Occidentale
In questa serie di Globalcast composta da 2 episodi, Lorenza Della Santa, analista del settore elettrodomestici per Euromonitor International analizza lo stato del mercato degli elettrodomestici nei paesi dell’ Europa del Est e valuta il potenziale offerto dalla regione per gli attori del settore.
Conoscere:
- In Europa dell’ Est la ripresa del mercato degli elettrodomestici e’ a due velocita’: i mercati dei nuovi paesi membri dell’Unione Europea vs i mercati emergenti
- Il potenziale mitigato del mercato Russo
In this episode of Globalcast, Media Eghbal, Euromonitor International's Country Research Manager, discusses the global implications of rising labour costs in China.
Learn about:
- Why labour costs are rising in China
- The impact for businesses operating in China
- How the Chinese economy will be effected
- The implications for consumers in Western Europe and North America
Dans ce nouvel épisode de Globalcast, Karine Dussimon, Analyste Emballage chez Euromonitor International, expose les points clés de la présentation qu’elle a donné lors du Salon Emballages 2010, Paris, a propos de l’emballage pour biens de grande consommation liquides. Dans cet entretien, Karine analyse les principales tendances 2010 et offre une vision du future de ce secteur.
Sachez en plus sur:
- Ce qui caractérise l’emballage pour produits liquides
- L’impacte de la crise économique sur l’emballage pour produits liquides
- Les principales tendances 2010 dans l’emballage des boissons
- Les principales tendances 2010 dans l’emballage des produits ménagers et des soins du corps
- La demande croissante pour plus de commodité et de confort et son effet sur le secteur de l’emballage
- Les prévisions du secteur de l’emballage pour produits liquides
In this episode of Globalcast, Karine Dussimon, Packaging Analyst at Euromonitor International, discusses her presentation at Emballage Paris 2010 on packaging for liquid FMCG products. Dussimon explains what marked 2010 and what to look for in the future.
Learn about:
- What characterizes packaging for liquid products
- How the fragile economic state in 2010 impacted liquid product packaging
- The main trends for beverage packaging in the past year
- The packaging trends in 2010 for home and personal care products
- How the demand for convenience effects packaging
In this episode of Globalcast, Euromonitor International's Senior Research Analyst Pasi Hannonen discusses the phenomenon of internet retailing in Sweden, with a focus on food baskets.
Hear about:
- What a “food basket” is and the pros and cons of the service
- How food baskets influence internet retailing in Sweden
- How retailers react to this phenomenon
- The prospects for door-to-door food delivery services in the Nordic region
In this Episode of Globalcast, Euromonitor International's Health and Wellness Analyst, Mickael Dominguez, discusses the regulatory impact on the food and beverage industry by the European Food Safety Authority. Since 2008, the European Food Safety Authority (EFSA) has released a number of scientific opinions related to the health claims stated on food products in the European Union. These opinions impact the European food market in a number of ways.
Dominguez explores the following:
· The first impact of EFSA’s opinions on the functional food market in the European Union
· The positive outcomes of EFSA's opinions, despite manufacturers turning back to soft claims and consumers on the verge of losing trust in functional claims.
· The outlook for food manufacturers in the European region
In this episode of Globalcast, Euromonitor International’s Beauty and Personal Care Analyst Carrie Lennard, discusses the current state of the skin care industry.
Lennard highlights the following:
- The skin care industry's performance in the past year
- A deeper look into the anti-aging category
- The best performing regions for skin care
- The masstige trend in skin care
- The outlook for the skin care market
In this episode of Euromonitor International’s Globalcast, Head of Apparel Research, Magdalena Kondej, discusses the rising price in cotton and how it affects the apparel industry.
Hear about:
- The reasons for the record-high prices of cotton
- Other factors contributing to the rise of prices in apparel
- The strategies clothing manufacturers are taking to avoid the negative impact of rising production costs
- Which companies and categories will be hit hardest by the rising costs
- Which companies announced price hikes in 2010 and 2011
- The consumer perspective of the rising prices in clothing and footwear
In this episode of Globalcast, Euromonitor International’s Head of Global Consumer Health Research, Samantha Chmelik, discusses global expansion in consumer health retailing, with a focus on unique distribution channels.
Learn about:
- Why distribution channels are expanding in the global consumer health industry
- A points-based reward system of distribution in Peru
- An all natural and organic store in Guatemala
- A "medical mall" opening in Thailand
In this episode of Globalcast, Euromonitor International’s Department Research Analyst, Jorge Martin, and Senior Research Analyst, Paula Flores, discuss the future of the specialized distribution channel for pet food in the Iberian Peninsula.
Learn about:
- The future of the specialized distribution channel for pet food in the Iberian Peninsula, with a focus on Portugal
- The forecast for the Iberian market overall
In this episode of Euromonitor’s Globalcast, Manushi Jain, Economist at Euromonitor, discusses the measurement of 'standard of living', the commonly accepted ways to measure standard of living, and explains which countries have the highest standard of living.
Learn about:
- What standard of living is and how it's defined
- The different ways to measure standard of living
- The most commonly accepted ways to measure standard of living
- Which countries have the highest standard of living
- Which measurements have shortcomings
In this episode of Globalcast, Euromonitor International’s Department Research Analyst, Jorge Martin, and Senior Research Analyst, Paula Flores, discuss the specialized distribution channel for pet food in the Iberian Peninsula.
Hear about:
- The situation in Western Europe for the specialized channel
- What the landscape is in Spain for the channel
- The situation in Portugal for the specialized channel
In this episode of Globalcast, Nadja Popova, industry analyst at Euromonitor, discusses the tourism industry in Bulgaria's capital, Sofia, and the future prospects for growth there.
Hear about:
- The focus of the recent Euromonitor report on Sofia
- The future plans to boost the development of Sofia
- The major challenges for the city
- How the economic crisis affected Sofia in particular
- The recommendations for increasing the appeal of Sofia
In this episode of Globalcast, An Hodgson, Euromonitor's Senior Strategic Analyst, discusses the global situation of internet usage including the growth of internet users in emerging markets.
Hear about:
- The overview of global internet usage
- The global picture for broadband internet
- The countries that have the strongest growth prospects for internet subscriptions
- What the implications are for broadband growth in emerging markets
In this episode of Globalcast, Eleni Grammenou, Senior Research Analyst at Euromonitor International, discusses the state of the global hygiene industry and the effect the global economy had on the industry over the last few years.
Grammenou explains:
- What impact the recession had on the global hygiene industry and how it affected manufacturers
- How the private label sector was affected
- Which area of hygiene is responsible for the majority of value sales, and why
- What the long term trends are in the hygiene sector, and what the future holds for the market
In this Episode of Globalcast, Euromonitor International's retailing analyst, Raphael Moreau, discusses how retailers are seeing a broader scope for private label brands, and the role the global economic downturn has played into the recent success of these brands.
Learn about:
- How the economic downturn has increased consumers acceptance towards value products, and how this will affect retailers’ strategies once conditions improve
- Switzerland's developed private label market, and the lessons other European countries can learn from it
- Why Swiss consumers trust private label brands
- Asia's private label strategy compared to Western Europe
- What retailers should do in order to develop a successful private label strategy
In this episode of Globalcast, Ildiko Szalai, Company Analyst for Packaged Foods at Euromonitor International, explains the goals and transitions in the confectionery industry in the wake of the Kraft/Cadbury takeover.
Szalai explains:
- Whether or not the confectionery industry has reached the end of consolidation
- What the most dominant strategic decisions in the industry have been since the takeover
- What the main reasons are for companies to expand manufacturing in emerging regions
- What the reasons are for the lack of any sizeable M&A deals in the confectionary industry
En este episodio de Globalcast, la analista de investigación de la industria de productos para la salud del consumidor, Monica Feldman analiza la reclasificación de medicamentos de venta libre e identifica algunas reclasificaciones que podrían producirse en los próximos años.
Conoce más sobre:
- Qué es reclasificación
- Qué factores aseguran la reclasificación
- Cuáles son las oportunidades y amenazas en el futuro
In this episode of Globalcast, Head of Global Consumer Health Research, Samantha Chmelik, discusses “switching” in the consumer health industry and what switches could occur in the near future.
Hear about:
- What a "switch" is in regards to the health care industry
- What factors determine if a switch is warranted
- What the opportunities and challenges are for future switches
In this episode of Globalcast, Daniel Latev, Head of Non-Store Retailing research at Euromonitor, continues his discussion of direct selling with a focus on developing regions. Latev explores direct selling across each continent, and gives a look into the future of this channel.
Latev examines:
- How direct sales are performing across each market
- What the key advantages of direct sales are versus sales through traditional channels
- What the challenges are of direct sales
- Who the star performers in direct selling are
- What the future holds for direct sales
In this episode of Globalcast, Daniel Latev, Head of Non-Store Retailing research at Euromonitor, discusses the direct sales aspect of beauty and personal care, and describes how consumers react to direct selling.
Latev highlights:
- What makes direct sales relevant to the beauty industry
- How direct sellers are performing against traditional retailers in the beauty industry
- The outlook for different types of products in direct selling
- What consumers enjoy about direct selling
In this episode of Globalcast, Euromonitor International Research Analyst Pasi Hanonnen analyzes the recent tax system changes in Finnish food and beverage markets. Hanonnen also explains the consequences of these changes on foodservice channels and reviews recent industry developments.
Hanonnen discusses:
- How Finland is known as a country of high taxes, and how that stigma shows in the value-added tax in the country
- If the value-added tax is indeed high, or if the thought is a common misjudgment
- How Finnish consumers reacted to the tax change
- The reaction from the Finnish foodservice industry on the tax change
- The trends in food and beverage industry prices after the tax change
- If Finland can expect any more tax fluctuations in the near future
In this episode of Globalcast, Regina Maiseviciute, Packaging Industry Analyst at Euromonitor International, continues the discussion of the packaging industry and how pack types are adapting to different distribution channels. Maiseviciute focuses on Eastern Europe and the recent boom in discount retailers in the region. She explains:
- How discount stores in Eastern Europe have affected packaging in discount retailers
- How pack types have changed in other retail stores
- How the packaging industry is adapting to new trends in bottled water delivery
In this episode of Globalcast, Karine Dussimon, Packaging Industry Analyst at Euromonitor International, discusses distribution channels and how packaging relates to different types of channels. Dissimon explores recent industry trends in packaging to optimize the link between distribution channels and pack types. Dissmion explains:
- How packaging is relevant to different types of distribution channels
- Key trends illustrating the link between packaging and channels
- The roles played by beverage product packaging to create more opportunities in retail
- Relevant examples of pack types relating to vending machines
In Part 2 of this two-part episode of Globalcast, Euromonitor International's Company Analyst for Packaged Foods, Ildiko Szalai, continues her discussion on companies entering the health and wellness market. In this section, Szalai focuses on how companies are shifting towards health and wellness trends by entering the market and merging with other competitors.
Hear about:
- What the key company strategies are for entering the health and wellness market
- What the potential merger and acquisition scenarios are for the health and wellness market
In this episode of Globalcast, Euromonitor International's Consumer Finance Industry Manager, Jonathon Fisher, discusses how retailers are starting to enter the financial services arena, and what that means for retail banks.
Learn about:
- Which retailers are entering the field of financial services
- The advantages that retailers have in the wake of the economic crisis
- The unique opportunities for Tesco, which is becoming the retail front-runner in financial services
- If retail banks should be worried about this current trend
In Part 1 of this two part episode of Globalcast, Euromonitor International's Company Analyst for Packaged Foods, Ildiko Szalai, explains how in recent years, food and beverage manufacturers are taking into account health and wellness factors. Szalai discusses that even during the recession, health and wellness options remained popular to consumers.
Learn about:
- Why food and beverage companies consider health and wellness a primary growth pillar
- What specific companies are focusing on in the category of health and wellness, including:
Danone
Coca Cola
PepsiCo
Kraft
Nestle
In this episode of Globalcast, Florian Heyden, Senior Research Analyst at Euromonitor discusses the recent trend of adding organic ingredients to pet food. Heyden gives a case study of the trend in Germany, and then explores the organic trend in the worldwide pet food market.
Hear about:
- How sales of organic food in Germany are impacting the pet food market
- Why the packaged food market often affects the pet food market in different countries
- How the organic trend is impacting the sales of pet food worldwide
- The future of organic pet food
In this episode of Globalcast, Ratna Sita, Research Analyst at Euromonitor International, explores the global oral care industry, with a focus on growth since the economic downturn.
Learn About:
- How the oral care industry was affected by the global economic crisis and how cushioned it was from the recession
- The key trends driving the industry
- The strengths of Colgate-Palmolive, the largest oral care company
- Which countries show the best prospects for oral care in the upcoming years
If you'd like a comprehensive guide to the size and shape of the oral care market at an international level, please visit our global report page.
In this episode of Globalcast, Paz Casal, Travel and Tourism Analyst for Euromonitor, examines the benefits and challenges that South Africa faces as it hosts the FIFA World Cup. South Africa has played host to many international sporting competitions in the past, but is it prepared to host the most widely watched sporting event in the world?
Hear about:
- South Africa’s preparation for the FIFA World Cup
- How many visitors are expected in South Africa for the games
- How the World Cup will affect the tourism industry
- The upgrades and challenges of the transit & hotel industries
- What hosting the World Cup means for South Africa in the long run
In part two of this two part episode of Globalcast, Euromonitor's Senior Retail Analyst, Antonia Branston, continues her discussion on the advancement of internet retailing in the wake of the worldwide recession.
Hear About:
- The pros and cons of using internet retailing for discount formats
- The changes in company strategies for internet retailing given the slight improvement in the worldwide economy
- The development in internet retailing in emerging markets
In part one of this two part episode, Euromonitor's Senior Retail Analyst, Antonia Branston, discusses the advancement of internet retailing in the wake of the worldwide recession.
Hear About:
- How internet retailing has changed as a result of the global credit crunch
- How the emphasis on the internet being a price-sensitive retail environment has increased
In Part two of this episode of Globalcast, Euromonitor Research Manager, Yvonne Kok, continues her discussion on the political unrest in Thailand and how it is impacting the consumer foodservice (CFS) industry there.
Learn about:
- The difference between the impact of the 2008 protests and the 2010 protests
- The future impact the riots might have on tourism and food service in Thailand
In part one of this two part episode of Globalcast, Yvonne Kok, Research Manager at Euromonitor, discusses the recent protests in Thailand and their impact on the consumer foodservice (CFS) industry there.
Hear about:
- How tourism in Thailand's major cities is being affected by the protest
- Which foodservice players are being directly influenced
- What the responses from the CFS industry are to the protests
In this Episode of Globalcast, Euromonitor's head of Countries and Consumer research, Sarah Boumphrey, discusses the progression of world demographics following the publication of Euromonitor's latest Future Demographics report. Hear About:
- Why Euromonitor has re-launched its Future Demographics reports
- Interesting demographical findings in the U.K.
- What the typical consumer from a developing country will look like in 2030
- Why demographic trends are important to research
In this Episode of Globalcast, Euromonitor's Head of Global Foods Research, Lee Linthicum, finishes his discussion on the global pet care industry and gives his insight as to where the health and wellness trend in pet food is coming from.
Hear about:
- The relationship between the pet food industry and the human packaged food industry
- What kind of work has been done for pets with food-related allergies and intolerances
- Why pet owners give their pets food of greater or equal nutritional value than their own
In this Episode of Globalcast, Euromonitor's Head of Global Consumer Health Research, Samantha Chmelik, discusses the shift from branded health care products to private label.
Learn about:
• What factors have influenced purchasing trends for consumer health products
• What's driving the growth of private label sales globally
• How branded manufacturers responding to the shift to private labels
In this Episode of Globalcast, Euromonitor's Head of Global Food Research, Lee Linthicum, continues his discussion of global trends in the pet care industry.
Learn about:
- The components that make up the health and wellness trend in petcare
- The ingredients included in functional pet food
- he trend of weight management in human and pet food
In this Episode of Globalcast, Euromonitor's Head of Global Food Research, Lee Linthicum, discusses trends in the pet care industry - including a look at the pet health and wellness fad. Hear about:
- The pet care industries' performance during and after the economic downturn
- The key factors driving the new trends of pet health and wellness
- How consumers' views have changed regarding their pets
In this episode of Globalcast, Euromonitor research analyst, Joy Huang, shares insight in current flavor trends in China's soft drinks industry and projects how consumer health concerns drive lemon flavored soft drinks.
Learn about:
• The latest soft drinks flavor trends in China
• How this lemon flavor frenzy drives the competition
• The projection of consumer’s preferences
• Manufacturers’ future responses to consumer’s flavor preference
In this episode of Globalcast, we speak with Euromonitor's Consumer Finance Analyst, Laura Flamm, about the global unbanked population and the opportunities for financial cards among them.
Learn about:
• The location of the global unbanked population
• The factors influencing the level of unbanked consumers
• The role governments play in reaching the unbanked
• How prepaid cards have begun to reach the unbanked
In part two of this two part episode of Globalcast, Euromonitor Economist, Manushi Jain, continues the discussion of the global prospects for unemployment.
Hear about:
• How the global economic crisis has impacted youth employment
• Why certain countries are experiencing high levels of unemployment
In part one of this two part episode of Globalcast, Euromonitor Economist, Manushi Jain, discusses the global prospects for unemployment.
Hear about:
• How the global economic crisis has affected unemployment
• Why unemployment is a lagging indicator
• The difference between structural and cyclical unemployment
In this episode of Globalcast, Euromonitor's Head of Beverages Research, Richard Haffner, discusses the global opportunities and trends of functional drinks.
Learn about:
• Trends driving growth of the functional drinks market
• How manufacturers can take advantage of the untapped global potential for functional drinks
• What sports drinks manufacturers are doing to improve sales
• The impact the recent acquisition of Orangina and V by Suntory has on the energy drinks market in Western Europe
In part two of this two-part edition of Globalcast, Euromonitor International’s Tobacco Industry Analyst, Don Hedley, discusses Smokeless Tobacco. In part two Don explores why the Smokeless Tobacco market is generating interest.
Hear about:
· Developments in the US & Sweden
· The “Swedish Solution”
· The challenges of marketing smokeless as less harmful then Nicotine Replacement Therapy
· Forecast growth for Smokeless Tobacco
In part one of this two-part edition of Globalcast, Euromonitor International’s Tobacco Industry Analyst, Don Hedley, discusses Smokeless Tobacco. Part one gives an overview of the market and looks at the different types of Smokeless Tobacco.
Hear about:
· What smokeless tobacco is and the various forms is takes
· Operating environments
· The size of the smokeless tobacco market
· The main markets for smokeless tobacco
In this episode of Globalcast, Euromonitor research analyst Svetlana Uduslivaia discusses efforts by the Canadian Ministry of Tourism to promote Canada and boost international visitors with the increased attention created by the Olympic Games in Vancouver.
Learn about:
· Long-term goals and outcomes for the Canadian Ministry of Tourism
· What Canada needs to do to offset declines in US visitors
· Strategies used to increase visibility of Canada with Olympic Games
· What is expected for tourism in Canada post-Olympic games
In this episode of Globalcast, Euromonitor Industry Manager Jonathan Fisher discusses the shift in consumer spending globally and the implications for financial cards in the coming years.
Learn about:
• The evolving consumer mindset
• A need for incentives to increase consumer spending
• Shift in payment preferences to pay before or pay now
• Case study: Eastern Europe
In this episode of Globalcast, Euromonitor International’s Travel and Tourism Analyst, Nadejda Popova, discusses British Airways’ third quarter results, reviewing cost strategies in 2009, the impact on staff relations and what the next few months will bring for the carrier.
Hear about:
• The main strategies British Airways adopted to improve financial performance
• The impact British Airways’ cost strategies are having on its employees
• What opportunities the merger with Iberia will bring
• What the merger with Iberia means for Madrid
In this episode of Globalcast, Euromonitor International’s Head of Travel and Tourism Research, Caroline Bremner, discusses the Top City Destination rankings. This podcast reviews which destinations have been most affected by the downturn in both negative and positive ways, and looks at what the next 12 months will bring.
Hear about:
• Performance differences between leisure and business destinations
• Which destinations benefitted from the recession and which lost out
• Why Sao Paulo is a rising star
• The future outlook for the industry
In this episode of Globalcast, Euromonitor International Research Analyst Anastasija Goncharova discusses how changing economic conditions affect the Russian hot drinks market now and how it will influence market performance in the future.
Learn about:
• How did the Russian hot drinks market change over the last few years?
• What are the main challenges facing tea and coffee?
• Are there any new packaging trends in the market?
• What are the prospects for premium products?
• How will the market develop in the near future?
In this new episode of Globalcast, Euromonitor International analyst for Portugal, Paula Flores, discusses the effect of the European Union legislation on the milk market. Paula analyses the end of the EU quotas system and the recent aid conferred to producers totaling 280 million Euros, with a special focus on the Portuguese milk market.
Learn about:
• The current situation in the European Union: the milk quotas system and its impact
• The effects of liberalisation on the milk market and the importance of private label
• The Portuguese milk market
• What are the prospects for producers?
• The leading strategies for success
In this episode of Globalcast, Euromonitor research manager Michelle Grant discusses the Freedom to Travel to Cuba Act and the impact it could have on travel should it pass in the coming years.
Learn about:
• The push to lift the travel ban for Americans
• The role of the Cuban Ministry of Tourism and its efforts to lure American travel companies and tourists to the island
• The Act's impact on Canadian and Western European travellers to Cuba
• Threats and opportunities for travel operators in Cuba and the Caribbean
In this episode of Globalcast, Euromonitor International Country Research Manager Media Eghbal reviews likely changes in the economic landscape during 2010. Media discusses the global economy and the early stages of a recovery following the sharpest contraction since the Great Depression.
Learn about:
- The global economy seems to be recovering - what are the signs?
- Which regions will struggle?
- What will be the impact on consumer spending?
- What are the risks to the recovery process and the outlook? Featuring: Euromonitor International Country Research Manager Media Eghbal
In this edition of Euromonitor International's Globalcast series, Research Analyst Daphne Kasriel explains the recession's impact on consumer spending during the European 2009 Christmas season. This analysis takes a year-over-year comparison of the retail industry, discussing the performance of major categories and predicts which sectors may experience the highest gains in 2010.
Learn About:
- Consumer thrift skills and the long-term impact Which retail sector has mitigated the effects of the downturn Similarities and differences in consumer behavior from 2008* Which retail segments can look forward to a better year from consumers
In this episode of Globalcast, Euromonitor International analyst for Alcoholic Drinks, Spiros Malandrakis, comments on the emergence of four high potential growth markets, Nigeria, Philippines, Vietnam and Turkey, in the alcoholic drinks industry. Mr. Malandrakis' discusses key drivers such as rising urban populations and westernisation trends proving necessary for success.
Learn about:
- The main characteristics of Nigeria, Philippines, Vietnam and Turkey identifying the countries as the next BRICs for Alcoholic Drinks
- Main drivers in each country
- Major challenges the industry faces
- Which companies will succeed and the role of international players
Featuring: Euromonitor International Alcoholic Drinks analyst, Spiros Malandrakis
Learn more about the topic in Euromonitor International"s global briefing: The future BRIC’s in Alcoholic Drinks http://www.euromonitor.com/The_Future_BRICs_in_Alcoholic_Drinks
In this episode of Globalcast, Euromonitor research manager Samantha Chmelik discusses the increase in multivitamin sales among urban consumers in emerging markets, the impact on lifestyle choices and how manufacturers can capture this market.
Learn about:
- Rural-to-urban consumers and their desire for multivitamins
- How to educate new consumers on supplement products
- Product segmentation for young urbanites and other groups
- Expected growth in the sector over the forecast period
Brazilian Domestic Tourism
In this episode of Globalcast, Euromonitor research analyst Lisandra Minussi discusses trends in domestic tourism in Brazil and highlights aspects of the consumer survey commissioned by the Ministry of Tourism in Brazil, including booking preferences, top city destinations and other factors impacting consumer travel choices.
Learn about:
- Events that spurred an increase in domestic tourism
- The lure of São Paulo
- Brazilian consumer travel choices
- Ways to further market domestic tourism
- Impact of Azul's introduction to air travel
In this episode of Globalcast, Euromonitor research analyst Phil Park discusses the overall global baby diapers market and the areas of growth shaping the industry including the impact of rising incomes and steady birth rates in developing markets such as China and private label in developed markets.
Learn about:
- Growth drivers in developing markets, especially China
- Private label pressuring manufacturers to respond to price sensitive consumers
- Areas for potential growth
- Consumer perception of green trends and how they impact consumer behavior
- Trends in cloth diapers and diaperless options
In this new episode of Globalcast, Euromonitor International analysts for Western Europe, Diane Bolelli and Eleni Grammenou, discuss the launch of Alli, the anti-obesity pill in Western Europe. They analyse the results and impact of this controversial launch in two very different markets, France and the UK, as well as highlight how Alli ties in to consumers' desire for a quick fix, a trend that appears to be impacting both Over the Counter Healthcare (OTC) and other industries.
Learn about:
-
What is the Alli pill and how has this product been doing globally and in Western Europe?
-
Has it been welcomed in France and in the UK?
-
What is the impact of the Alli pill's success on the OTC industry?
-
Looking at other categories, is there other evidence of consumers desire for a "quick fix”?
In dieser Globalcast Ausgabe wird sich Euromonitor International Research Manager Alice Diepenbrock mit den Analysten Florian Heyden und Roger Kuhn über die gegenwärtige Lage im europäischen Einzelhandel und Discountermarkt unterhalten. Hierbei wird auf die Lage in zwei sehr unterschiedlichen Märkten eingegangen - Deutschland und der Schweiz. Während der deutsche Markt für Discounter bereits sehr etabliert ist, sehen wir Discounter in der Schweiz noch in Kinderschuhen. Besonderes Augenmerk wird hierbei der Kundenwahrnehmung von Discountern sowie der Rolle führender Unternehmen im Hinblick auf Wachstumschancen gewidmet. Ziel ist es zu sehen, wie die Chancen für dieses Handelkonzept nach der gegenwärtigen Rezession stehen.
Erfahren Sie mehr zu den folgenden Fragen:
- Wie verhält sich die gegenwärtige Situation für den Einzelhandel in West Europa?
- Wie reagieren die führenden Discounter auf schwierige Zeiten in Deutschland?
- Warum Discounter es erst vor kurzem gewagt haben, den Schweizer Markt zu betreten.
- Wie stehen Konsumenten den Discountern gegenüber?
- Wie sind die Wachstumsaussichten für Discounter nach der Rezession?
- Welches sind die besten Strategien für weiteres Wachstum?
In this episode of Globalcast, Euromonitor International Research Analyst Nikola Košutić reviews how the economic downturn affects regional developments in ex-Yugoslavian countries, highlighting the performance of FMCG industries and consumer behaviour in the region.
Learn about:
- What is the impact of the economic downturn in ex-Yugoslavian countries?
- What difficulties do FMCG industries face?
- How does the changing economic situation affect consumer choices?
- What does the future look like?
In this episode of Globalcast, Euromonitor International's Research Analyst Laura Flamm discusses the factors that make Africa an attractive market for the prepaid industry.
Learn about…
- Why South Africa displays the highest potential for prepaid
- Concepts, challenges and opportunities
- Cultural differences that may prove difficult to overcome
In this episode of Globalcast, Euromonitor International Research Analyst Roman Shuster analyses the hair colour industry and consumer behaviour for salon visits during times of economic downturn.
In this episode of Globalcast, Euromonitor International Senior Research Analyst Regina Maiseviciute analyses Polish consumer foodservice industry and consumer behaviour during the times of economic downturn.
Learn about::
· What is the impact of economic slowdown on the Polish consumer foodservice market?
· How did consumer foodservice industry change and what are the forecasts for the next five years?
· What are the risks and opportunities for Polish consumer foodservice companies?
· What are the changes in consumer behaviour and what are their current preferences?
In this episode of Globalcast, Euromonitor International’s Asia Pacific Strategic Analyst An Hodgson will discuss how the current global economic downturn has adversely affected companies, consumers and the economies of the Asia Pacific region and compare the current global crisis to the Asian financial crisis in 1997-98.
Learn about::
· The difference between the crisis of 1997-98 and this global crisis
· The impact of the global financial crisis on countries and consumers in Asia Pacific
· The response from countries in the Asia Pacific region
· How China’s fiscal stimulus package is taking effect
· Growth prospect for the Asia Pacific in 2009 and 2010
Featuring: Euromonitor International Asia Pacific Strategic Analyst An Hodgson
In this episode of Globalcast, Euromonitor International Research Analyst Roman Shuster discusses the effects of the economic downturn on the US vitamins and dietary supplements (VDS) market, highlighting areas of opportunity.
Learn about::
· Product categories that are proving to be recession-proof
· Contributors to growth in vitamins and dietary supplements
· Consumer behavior towards prevention and self-medication and its impact on VDS
· Performance of private label products
· The next big ingredient and opportunities for manufacturers to capture market share
Featuring: Euromonitor International Research Analyst Roman Shuster
In this episode of Globalcast, Euromonitor International's Retailing Industry Manager, Jon Wright, takes us through how past economic crisis have affected both consumer shopping patterns and the retailing industry, showing that in this case, the past could forecast the future.
Learn about::
· Impact of past economic crisis on retailing
· How is the industry faring in the current recession?
· Are certain channels and/or countries affected more than others?· What are the lessons we can draw from past recessions?
· Which are the winning strategies for companies within the industry?· Internet retailing: a clear winner?
Featuring: Euromonitor International Industry Manager Jon Wright
As the effects of the global downturn continue to be felt, how has the alcoholic drinks industry been affected? In this episode of Globalcast, Euromonitor International's Alcoholic Drinks Industry Manager Marlous Kuiper discusses how beer, wine and spirits will be affected by region looking at previous periods of economic downturns as a guide.
Learn about::
· Is the alcoholic drinks industry recession proof?
· What are the lessons we can draw from past recessions?
· Are there differences in the way regional alcoholic drinks markets are affected?
· What are the lessons we can draw from past recessions?
· Which companies are performing better and why?
· Suggestions and winning strategies for industry players
Featuring: Euromonitor International Industry Manager Marlous Kuiper
Ewa Hudson explains what Nutricosmetics are and what ingredients are used. She also touches on who the target demographic is and explores whether such products have a future in a global downturn.
Find out:
· What Nutricosmetics are
· The target demographic and ingredients used in Nutricosmetics
· Whether there is a future for these products in a global downturn
In this episode of Globalcast, Euromonitor International Research Analyst, Karine Dussimon, tells us how packaging in the food industry is faring in light of the recession. The podcast looks at different food sectors and packaging types alongside geographical variations. It also touches on what impact the recession will have on the industry’s commitment to environmental concerns.
Learn about:
· How key players are responding to the recession
· Key geographic variations
· Which packaging types are vulnerable and which are benefiting from the recession
· What impact the recession will have on the environmental commitments of key global players
In this episode of Globalcast, Euromonitor International Research Manager, Zora Milenkovic, explores how the Tobacco Industry is faring in light of the recession. The podcast looks at the four major players, geographic variations and different tobacco sectors. It concludes with a look to the future and addresses whether the tobacco industry is recession proof.
Learn about:
· How key players are responding to the recession
· Key geographic variations
· Which tobacco sectors are vulnerable and which are benefiting from the recession
· Whether the Tobacco Industry is a recession proof industry
The current recession is the worst the world has faced in over 60 years and 2009 will be a year of exceptional uncertainty. Worst-affected countries are those that are export-dependent, heavily indebted and reliant on foreign capital. Consumers have shown some resilience but are focused on searching for value for money. In this episode of Globalcast, Euromonitor International research manager, Sarah Boumphrey, analyses the recession, looks at who is affected and predicts a slow recovery, led by developing markets.
Learn about:
· How this recession compares to previous ones?
· What is likely to impact consumers more: the length or depth of the crisis?
· Who are the winners and losers?
· When and how will global growth return?
In this episode of Globalcast, Euromonitor International Senior Research Analyst Brian Morgan discusses the effects of the global recession on the packaged food industry and in particular new product development.
Learn about:
· Consumer responses to the current economy and its impact on packaged foods
· How new product development is affected by the global recession
· Challenges for manufacturers in new product development for health and wellness
· Opportunities for manufacturers to extend their product portfolios
In this episode of Globalcast, Euromonitor International Research Manager Marcel Motta discusses Brazil’s current performance and the impact of the global economic downturn on this emerging economy.
Learn about:
· Brazil’s current economic standing and the effects of the middle class
· Consumer changes in spending as a result of the global recession
· Industries and sectors that are expected to do well
· Opportunities for manufacturers to develop their product portfolios and respond to changing consumer preferences
In this episode of Globalcast, Euromonitor International Global Research Manager Simon Maddrell discusses the latest ranking for Euromonitor’s Soft Drinks Billionaire’s Club and the impact of the global economic downturn on the industry.
Learn about:
· Which brands are moving up in the rankings and where their growth is coming from
· Risks that some brands are facing with changing consumer preferences
· How the economic recession is affecting certain segments of the industry and which categories are faring well
· Opportunities for manufacturers to expand the growth of their brands
Multinational retailers in China are facing challenges from the crisis just like the rest of the world. What actions have they taken during the crisis and also what opportunities are now presenting themselves? In this Chinese language episode of Globalcast, Euromonitor International Senior Research Analyst Ailsa Gu shares live China retailing market knowledge, offering practical suggestions for market players.
Learn about:
· Multinational retailers' performance in China during 2009
· Opportunities for retailers under current economic situation
· Suggestions for luxury retailers in China
Featuring: Euromonitor International Senior Research Analyst Ailsa Gu
В этом выпуске Globalcast Euromonitor International, аналитики по исследованиям потребительских рынков в России и Восточной Европе, Алексей Бакшаев и Виталий Владыкин, обсуждает то, что происходит с российской макроэкономической ситуацией и как это повлияет на розничную торговлю и крупные индустрии FMCG.
B этом выпуске Globalcast, Euromonitor обозревает:
∙ Как измениться покупательская способность российских потребителей в течение ближайших нескольких лет
∙ Какие индустрии покажут себя с хорошей стороны в периоде экономического спада и каким придётся сложнее
∙ Как финансовая стагнация повлияет на российскою розничную торговлю
En esta edición del Globalcast, la analista de investigaciones de Euromonitor International Monica Feldman habla sobre la situación económica en México y como se desempeña en la presente crisis.
Aprenda más sobre:
· Cambios en el patrón de consumo de los mexicanos con el enlentecimiento de la economía mexicana
· Los sectores que se están desempeñando bien en México y los que sufren más con el corte de gastos
· Qué pueden hacer los fabricantes para enfrentar los cambios de hábitos de consumo
The current economic crisis is affecting all industries, with consumers cutting back and trading down.
In this episode of Globalcast, Euromonitor International research manager Magdalena Kondej analyses how the global financial crisis is affecting the Household Care industry.
Learn:
- What impact the current economic situation is having on the household care industry
- Who in the household care industry is espected to benefit from the credit crunch
- What the downturn will mean for sustainable and environmentally friendly household care products
Featuring: Euromonitor International Research Manager Magdalena Kondej
In this episode of Globalcast, Euromonitor International Research Managers Caroline Bremner and Michelle Grant discuss how the global travel industry is handling the economic crisis and the impact on the industry now and in the future.
Learn about:
- How international travel destinations will benefit from the election
- The destinations losing out or benefiting from the economic crisis
- How core segments such as leisure, business, luxury, budget are fairing
- How the industry will look in 3-5 years
Featuring: Euromonitor International Research Managers Caroline Bremner and Michelle Grant
Consumers are getting thrifty - they substitute, they trade down and they bargain hunt. As consumers prioritise their spending and make cutbacks, concepts such as no frills chic and functional luxury will take hold.
In this episode of Globalcast, Euromonitor International research manager Sarah Boumphrey analyses how the global financial crisis is affecting consumer trends
Learn about:
· How are consumers reacting to the economic crisis?
· What key trends are emerging as a result?
· Who are the winners and losers?
Featuring: Euromonitor International Research Manager Sarah Boumphrey
In this episode of Globalcast, Euromonitor International’s Head of Packaged Food research Lee Linthicum, looks at the packaged food industry in the key markets of Brazil, Russia, India and China.
Learn about:
- Significant demographic changes
- Opportunities for Fish, Meat, Dairy and Confectionary manufacturers
- The potential for Health and Wellness offerings in these markets
In this episode of Globalcast, Euromonitor International’s Head of Packaged Food research Lee Linthicum, looks at the packaged food industry in the key markets of Brazil, Russia, India and China.
En esta edición del Globalcast, el analista de investigaciones de Euromonitor International Ignacio Pons explora la tendencia hacia marcas premium en el mercado de bebidas espirituosas en Argentina.
- Las categorías de bebidas con más crecimiento
- El lanzamiento de nuevos productos premium en Argentina y las marcas más populares
- El crecimiento de categorías como el whiskey
- El futuro de las marcas premium en Argentina
In this episode of Globalcast, Euromonitor International analyst Michelle Grant analyses the impact President-elect Barack Obama will have on the global travel industry
- How international travel destinations will benefit from the election
- President-elect Obama’s expected involvement with the visa waiver program
- How will inbound tourism into the US be affected?
- Regions in the US that will stand to benefit from Barack Obama’s presidency
Featuring: Euromonitor International Research Analyst Michelle Grant
In this episode of Globalcast, Euromonitor International analyst Media Eghbal analyses the global financial crisis and the impact on emerging economies and consumers.
Learn about:
- What has caused the global financial crisis 2008?
- Which economies are the most affected?
- How will the crisis impact consumers?
- What is the global outlook in the short-to-medium term?
Featuring: Euromonitor International Research Analyst Media Eghbal
Aprenda más sobre:
- Las tendencias emergentes de salud y bienestar
- Los desafíos y oportunidades de los fabricantes de alimentos y bebidas en México y Latinoamérica
- El aprovechamiento y capitalización de ingredientes nativos para el desarrollo de nuevos productos
- La educación de dietas saludables a los consumidores
In this episode of Globalcast, Euromonitor International’s Eastern Europe and Russian analyst Vitalij Vladykin analyses the changing soft drinks market in Russia, focusing on the growing consolidation trend and its impact on the market.
In this edition of Globalcast, Euromonitor reviews:
· The key trends of the Russian soft drinks market
· Increasing consumer health concerns and their impact on soft drink market development
· The Russian soft drinks competitive landscape - impact of the latest acquisitions on local manufacturers and consumers
In this episode of Globalcast, Euromonitor International analyst Florian Heyden analyzes the changing alcoholic drinks market in Germany, addressing why consumers are turning away from beer and opting for new alternatives.
In this edition of Globalcast, Euromonitor reviews:
- How Germany's smoking ban is impacting beer sales
- Why are sales of traditional beer declining in Germany?
- How sales of non-traditional beers are developing
- The categories and types of beer expected to grow in the future
According to Euromonitor International, ecotourism's potential is still largely unexplored, especially in developing markets where tourism is an important source of revenue. Ecotourism can help support indigenous populations in these communities, leading to possible integration of these groups into a broader consumer base.
In this next edition of Globalcast, Euromonitor International"s research analyst Sean Kreidler discusses the opportunities for further development and growth in Latin America through ecotourism, looking closely at Costa Rica, Guatemala and Peru.
Learn about:
- The evolving ecotourism trend in these markets
- Challenges and opportunities for distribution
- Capitalizing on natural landmarks and the visitors to these areas
- Finding a balance between growth and sustainability
In this edition of Globalcast, learn about:
- What is a discounter retailer?
- What expansion is in the works for the sector?
- How supermarket's past move towards premiumisation is hurting their bottom line in the current economy and how discounters are taking advantage…
- The outlook for the future
In this episode of Globalcast, Euromonitor International analyst Media Eghbal analyses the dramatic increase in food prices worldwide.
In this discussion, learn about:
- How bad is the situation?
- What has caused this dramatic increase?
- Who will be the most affected?
- The outlook for food prices in the future
In this episode of Globalcast, Euromonitor International analyst Elisa Dani analyses the trends driving the growth of beauty foods worldwide.
Learn about:
- What exactly are beauty foods?
- Where did the beauty food concept begin?
- Are consumers skeptical of the claims associated with this trend?
- The drivers behind consumer acceptance
Featuring: Euromonitor International Research Analyst Elisa Dani
In this edition of Globalcast, Euromonitor research analyst's Roman Shuster and Catherine Mars discuss the growing influence of Latin flavors in beer and spirits throughout the US and worldwide.
Topics in this edition of Globalcast include:
- What started the Latin trend in the US and how has it evolved?
- Faux vs. Authentic Latin flavors. What works in the US?
- Globally, how is the Latin flavor trend developing?
- What new products are out there in this category?
Trends and market drivers discovered in Euromonitor International’s new foodservice analysis. What markets are booming for foodservice worldwide. How is the industry responding to commodity prices?
Featuring: Euromonitor International Research Analyst Michael Schaefer
La gerente de investigaciones de latinoamérica de Euromonitor Internacional, Mary Tabion, analisa las últimas tendencias y cambios socioeconómicos afectando la región