Mass-Market Brands Could be a Gateway to Luxury Opportunity in Emerging Markets

With more than one million millionaires, China is a core driver of growth in the global luxury goods market.  Click to tweet! Yet, Western manufacturers often fall short of their full growth potential in China because they struggle to understand the complexities of its consumption culture, and are thwarted by complicated routes to market. Paradoxically, by developing new positions in locally made mass-market brands, luxury goods manufacturers could unlock a solution to both problems. 

When luxury goods meet fast fashion

Eyebrows were raised in luxury goods circles when it was reported last month that L Capital Asia, a private equity fund backed by LVMH Moët Hennessy Louis Vuitton, the world's biggest luxury goods company, had snapped up a 10% stake in a Chinese fast fashion manufacturer called Trendy International Group, paying an estimated US$200 million.

Emerging Markets Drive Global Pet Care Retail Sales

 

 

 

 

 

 

 

 

 

 

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Euromonitor International’s Pet Care 2013 edition publishes 4 June 2012. Global pet care retail values continue to grow, with emerging markets driving sales as pet humanisation continues to spread. More mature markets like the US and Western Europe have seen milder retail gains. The troubles in the Eurozone and mounting economic uncertainty have cast a shadow on some countries. Nevertheless, global pet care remains buoyant as more consumers realize the benefits of a healthy diet for their pets. 

 

The Post Arab Spring Travel and Tourism Industry in Egypt

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.

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Hear Euromonitor Speak at WTM Vision Florence

Date: May 18, 2012
Location: Fortezza da Basso, Florence, Italy
Description: Now in its 4th year, WTM Vision Conferences continue to offer the ultimate learning experience and unrivalled networking opportunities, best practice advice and case studies for travel and tourism experts. Euromonitor International’s Travel Industry Global report, valued at £1,000 will be given free of charge when you register.
Speaker: Angelo Rossini, Travel and Tourism Analyst at Euromonitor International, will present the trends and forecasts within the travel and tourism industry globally with a focus on the region.

For more information please visit the WTM Vision Florence event website.
Register for the event here.

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Top 10 Consumer Trends for 2012: Smartphone Universe

Displacing computers worldwide, in 2012, smartphones are reaching out to the lower end of the mass market so expect apps to reflect this.

This piece is the seventh in a weekly series of consumer comments exploring each of the trends Euromonitor International identified in the recent Top 10 Trends for 2012 article.

Worldwide, smartphones are the communications accessory of choice, including in emerging markets where consumers are taking up new, more basic models as this prop moves from being a luxury item to a necessary lifestyle aid. According to Euromonitor International data, annual smartphone sales surged from US$7.9 billion to US$83.3 billion between 2005 and 2010, with China surpassing the USA as the largest national market during 2009. Real global smartphone sales are forecast to reach US$137.4 billion in 2012. For many developed market consumers, PCs and laptops are beginning to take a backseat as most smartphone owners use these convenient devices to surf the internet and watch TV anywhere from parliaments to buses. New aids such as Hive Dock, designed to assist elderly people with visual impairments to use smartphones will expand the population of smartphone users still more. 2012 will see more consumers using their smartphones to make transactions, using mobile, cashless technologies from Near Field Communication to QR codes to personal card readers.

Join Euromonitor and PwC Host Retailing Forum: Winning in China

Date: June 7, 2012
日期：2012年6月7日 

Time: 1:30 - 6 pm
时间：下午1:30-6点

Location: PwC Office, 6/F DBS Bank Towe1318 Lu Jia Zui Ring Road, Pudong
地点：上海浦东陆家嘴环路1318号星展银行6楼普华永道会议室

Registration is free, but seats are limited. To ensure your spot, please register below. You will receive an email confirming your attendance before the event.

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Ukraine's Population in Rapid Decline

With ultra-low fertility rates and high death rates, Ukraine will experience the single largest absolute population loss in Europe between 2011 and 2020. Although the resulting labour shortages will push up real wages and thus benefit consumers, lower competitiveness and output will adversely impact the country's long-term economic growth.

 

Population Growth Index in Selected Eastern European Countries: 1990-2020

Source: Euromonitor International from national statistics/UN

Premium Fragrances Outshine Other Beauty Segments

 

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Premium fragrances outshone all other premium categories, with an absolute growth contribution of 35% of total premium beauty in 2011, compared to 30% and 15% for premium skin care and premium makeup respectively. While Western Europe remains the largest spender on luxury scents, it was North America that saw the most exceptional growth, the highest on record in the last decade. Greater demand for exclusivity and unconventional fragrances were at the core of this successful performance.

 

Bulgaria Has Highest Proportion of People at Risk of Poverty in the EU

Bulgaria has the highest share of people at risk of poverty or social exclusion in the European Union (EU). Click to Tweet! The main reason for this has been rising unemployment and declining government expenditure on social security and welfare in the context of a contracting economy. The recovery of the Bulgarian economy will be highly dependent on the performance of the rest of the EU, on which it is heavily dependent for foreign investment, trade and remittances.

Persons at Risk of Poverty or Social Exclusion: 2010

Hear Euromonitor Speak at the 2012 World Perfumery Congress

Date: 12-14 June, 2012
Location: Mashantucket, Connecticut, USA

The World Perfumery Congress (WPC) is an educational and networking forum uniting fragrance industry professionals, their suppliers and marketers to address and discuss solutions to the industry's latest challenges.

Irina Barbalova, Head of Global Beauty and Personal Care Research, will present, "Reinventing Fragrances: New Global Strategies for Growth." The presentation will discuss:

• Global industry dynamics: the key growth stories and the new premium-mass paradigm
• Regional and country disparities in consumption, expenditure patterns and attitudes
• Shifts in consumer perception of quality, value and luxury
• Breaking with conventional innovation: individuality and personal engagement
• The strategic challenge of differentiation: diversification vs exclusivity
• Evolving retail patterns, the impact of non-store retail and the main channel beneficiaries
• The state of things to come: key growth opportunities and the next industry hotspots  

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