August 27, 2014

Strategy Briefing: Opportunities and Challenges in Global Participatory Sport

250_particSport-v1.1According to our new report, health and vanity have been the two largest influencers on consumer exercise.  Obesity has been identified largely as a public health issue due to excessive amounts of media coverage. Therefore, governments around the world have started many initiatives to encourage consumers to exercise more.  Some have even increased funding for public sports facilities or provided tax incentives. 

Download-Now-finalDescarga-Ahora

 

 

 

Physical attractiveness has also been an important aspect of exercise, as mass media applies much pressure on the consumer to appear perfect, with many ads featuring airbrushed models.  This aspirational perfectionism has not only fuelled interest in exercise but has also increased body disorders, which have also risen over the past decade.

Some of the latest popular exercises include extreme sports such as rock climbing and adventure sports such as triathlons. Many health clubs continued to see growth in developed countries as well, even in spite of the recession.

The increased participation in exercise has led to marketing opportunities and product success in many industries, particularly apparel.  Sportswear sales have consistently outperformed the wide apparel market over recent years, with outdoor clothing becoming popular. 

“There are many market opportunities within apparel, health and supplements, sports and energy drinks, and electronics to cater to the exercise and health conscious consumer,” says Editorial Director, Gina Westbrook.  “Our report really highlights opportunities and challenges globally within exercise and sports consumption.”

Continue reading "Strategy Briefing: Opportunities and Challenges in Global Participatory Sport" »

Lessons Learned from the Mobile Innovation Summit

Michelle EvansAnalyst Insight by Michelle Evans - Senior Consumer Finance Analyst

View Michelle Evans's profile on LinkedIn

The CONNECT: Mobile Innovation Summit took place in mid-August in Chicago. The emergence of the connected mobile consumer was the conference’s overall theme. Throughout the event, speakers talked about the impact of mobility on various aspects of the commerce experience, including payments, marketing, loyalty, security and privacy. The conference explored many of the opportunities that retailers and restaurants have for leveraging mobile and digital channels to build their brands, increase sales and improve customer engagement.

CONNECT_logo_square_final - small.jpg 

 

 

 

 

Continue reading "Lessons Learned from the Mobile Innovation Summit" »

August 26, 2014

Fresh Food Producer Bodies Need to Get More Involved in Children’s Education

Simone_BarokeAnalyst Insight by Simone Baroke

Children know less and less about food. Urbanisation and the demise of smallholder farming are the key culprits. The classroom has to take over from educational summers spent at grandparents’ farms. And, although the industry is already making a rash of commendable efforts, more could be done to move fresh foods to the forefront of children’s minds, by making it, for example, an integral part of history, social science, languages and, of course, science subjects.

Animal, Vegetable, Mineral?

Surveys highlighting schoolchildren’s woeful lack of knowledge in the area of food provenance surface at regular intervals. The British Nutrition Foundation (BNF), a multi-stakeholder, partly industry-funded, not-for-profit organisation that disseminates nutrition information to health professionals and the general public, conducts one of these annually, and its May 2014 findings were pretty much in line with those of previous years: one quarter of 5-8-year-olds believed that bread came from animals and cheese from plants. In older children, such misconceptions, although less prevalent, were still surprisingly common. Also, 17% of primary school children in the BNF survey thought that fish fingers were made from chicken, while one in 10 believed bacon to be derived from sheep.

Continue reading "Fresh Food Producer Bodies Need to Get More Involved in Children’s Education" »

Shake Shack IPO Rumors and the Better Burgers Trend

6a01310f54565d970c01b8d05c9866970c-800wiWith Elizabeth Friend - Consumer Foodservice Analyst

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.

Download as an MP3

Plant Resistance Breakthrough Could Have Implications for Western European Gardening Market

Damian ShoreAnalyst Insight by Damian Shore - Contributing Analyst

View Damian Shore's profile on LinkedIn

Dutch researchers have found a way to identify plant genes that are involved in resistance to certain insects. While this development has some potential to undermine pest control sales, it may boost the horticulture segment if consumers can be convinced to pay more for pest-resistant seeds.

In Search of the Right Stuff

Researchers at Wageningen University in the Netherlands have developed a video tracking system that is capable of following the paths taken by insects around plant samples under standardised conditions. These paths can then be analysed to provide a measure of the attraction or aversion of these insects to each plant sample. Researcher Dr Maarten Jongsma said, "We can very quickly test a large number of plants for possible resistance … our goal [is] to make the method suitable for many specific insect-plant combinations.”

Continue reading "Plant Resistance Breakthrough Could Have Implications for Western European Gardening Market" »

August 25, 2014

Ireland's Thriving Pharmaceutical Industry

Ireland is a global leader in research, development and innovation, and with government investment and support, is likely to remain a leader for some time. The success of the pharmaceutical industry in Ireland is a result of these investments, with pharmaceutical exports from Ireland reaching US$39 billion in 2013. Ireland’s young workforce, favorable tax environment and experience working with multinational companies means the pharmaceutical industry is poised for success in the future as well.

Watch on Youtube

The Death of Sweet? Making a Case For A More Refreshing, More Varied Beverage Menu

ElizabethFriendAnalyst Insight by Elizabeth Friend - Consumer Foodservice Analyst

A slow shift has been happening in the world of beverages, the culmination of years of smaller trends that together have helped guide the evolution of global consumer preferences. The tyranny of sweet once spearheaded by carbonates has given way to a more democratic landscape populated by a diverse range of more nuanced, more refreshing, and more complex flavour profiles.

While this trend has been evident in foodservice for a while, especially among taste-making independents, it has manifested particularly clearly in off-trade soft drinks consumption. A look at what types and flavours of beverages have been seeing the most growth across all channels can offer valuable insight to foodservice operators who are looking for ways to fine-tune their specialty beverage offerings, helping them to craft a more varied, higher-value beverage menu that maximises appeal.

2013 Soft Drinks Growth by Major Category (Total Volume)

Source: Euromonitor International

Continue reading "The Death of Sweet? Making a Case For A More Refreshing, More Varied Beverage Menu" »

Booming Internet Retailing in India, with Some Expected Challenges

Thidathip TawichaiAnalyst Insight by Thidathip Tawichai - Consumer Appliances Analyst

View Thidathip Tawichai's profile on LinkedIn

The Indian Government recently eased the restriction for foreign e-commerce in India so that global online retailers such as Amazon and E-bay, as well as other foreign manufacturers, are encouraged to sell their own products online as long as the products are sourced and produced within the country.  This will definitely be beneficial to consumer appliance manufacturers in India. Manufacturers such as Samsung Corp, LG Corp and Panasonic Corp have opened e-stores in India to gain further revenue.  However, internet retailing of appliances in India faces some challenges, such as inefficient infrastructures and cannibalising sales between store-based and online retailers.

 

Technology and Societal Trends Drive Growth

According to Euromonitor International, internet users in India increased from 51 million users in 2008 to 176 million users in 2013 – growth of 248%.  Moreover, volume sales of smart phones in India rose by a CAGR of 69% over the same period. The increasing rate of internet and smartphone usage has fuelled internet retailing in India.   Not only that, the so-called “showrooming” trend has become extremely popular. Consumers can visit a store-based retail outlet to see, touch and feel the products they are considering purchasing before returning home to purchase them online at the lowest possible price, according to Euromonitor International’s Category Briefing on Internet Retailing in India.

Internet Users and Smartphones in India: 2008-2018

Smartphoneandinternetretailing_

Source: Euromonitor International

Continue reading "Booming Internet Retailing in India, with Some Expected Challenges" »

The Scottish Referendum: Better Together or Divided We Stand?

Sarah-B-Banner

View Sarah Boumphrey's profile on LinkedIn

EMI_consumerExpenditure-v1.0

How would an independent Scotland look, in comparison with a UK without Scotland? In terms of total consumer market size, the UK without Scotland would not see a drop in its position in global rankings. An independent Scotland would become the world’s 45th largest consumer market, finding itself placed in-between Finland and Peru. In terms of average household spend, the average household in the UK without Scotland would be higher than its Scottish equivalent in all categories with the exception of alcoholic drinks and tobacco, and clothing and footwear.

 

By Sarah Boumphrey

 

Have a question or a thought to add? Leave us a comment below.

August 24, 2014

Beauty and Healthcare in the Convergence Zone

Nicholas MicallefAnalyst Insight by Nicholas Micallef - Beauty and Personal Care Analyst

View Nicholas Micallef's profile on LinkedIn

Against a backdrop of consumers looking to improve their general wellness and appearance, the beauty industry is gradually transforming to become more health orientated. As a result, cosmetics companies are increasingly focusing their innovation efforts in this new direction.

In responding to these demands, new product development is steadily becoming ever more concentrated on the capability of addressing topical health conditions experienced by consumers. This requires sophisticated technology to offer efficacy as well as to combine beauty with therapeutic solutions. Most commonly, these products are known as cosmeceuticals, and are generally prevalent in the areas of hair and skin care.

Continue reading "Beauty and Healthcare in the Convergence Zone" »

Subscribe

 RSS Feed

Receive New Posts via Email:

 

Join us on...


View our YouTube Channel Follow Euromonitor on Twitter Become a Fan on Facebook Connect with Euromonitor on LinkedIn




Filter by Category

Filter by Geography

Filter by Industry

Recent Posts

Strategy Briefing: Opportunities and Challenges in Global Participatory Sport

Lessons Learned from the Mobile Innovation Summit

Fresh Food Producer Bodies Need to Get More Involved in Children’s Education

Shake Shack IPO Rumors and the Better Burgers Trend

Plant Resistance Breakthrough Could Have Implications for Western European Gardening Market

Ireland's Thriving Pharmaceutical Industry

The Death of Sweet? Making a Case For A More Refreshing, More Varied Beverage Menu

Booming Internet Retailing in India, with Some Expected Challenges

The Scottish Referendum: Better Together or Divided We Stand?

Beauty and Healthcare in the Convergence Zone