March 31, 2015

Highlights from New 2015 Food Packaging Research

Rosemarie_DowneyAnalyst Insight by Rosemarie Downey - Head of Packaging Research

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Euromonitor International is very pleased to announce the publication of its latest packaging data, providing you with an up-to-date understanding of packaging demand, the trends underlying demand and prospects through to 2019, across nine consumer goods industries.  Today’s new publication follows the recent publications of our beverage packaging data, on 10 November 2014, and of beauty and personal care, home care, tissue and hygiene, dog and cat food and tobacco packaging data, on 22 December 2014. These three publications represent the culmination of the past eight months of country, regional and global research. Included here are some of the findings from the just published food packaging edition.

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March 30, 2015

5 Key Highlights from the 2015 Apparel and Footwear Research

Magdalena KondejInsight by Magdalena Kondej - Head of Apparel and Footwear Research

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Euromonitor International is pleased to announce the publication of new 2015 Apparel and Footwear edition. The updated research provides latest insights on how the apparel and footwear industry performed during 2014 and identifies key prospects through to 2019. According to the latest data, the global apparel and footwear market delivers a steady, robust performance but its fortunes are mixed. Consumers worldwide spent US$1.7 trillion on fashion in 2014, an increase of 4.5% on 2013, at fixed US dollar prices. Given the economic headwinds buffeting so many markets, it was a highly resilient performance.

 

1. China and the "new normal" of slower growth

Euromonitor’s latest data paints a mixed picture for China. In 2014, the country posted its slowest growth for over a decade. However, regardless of the slowdown, it is still predicted to take over the US as the largest apparel and footwear market in 2015. It is also expected to continue leading the future global growth contributing over US$150 billion sales by 2019. Therefore, slowing growth is not a matter of concern as such, the real challenges lie elsewhere. As consumers in China are getting accustomed to the realities of a slowing economy, they have also become increasingly price-sensitive while simultanously developing more sophisticated habits and being more demanding in terms of quality and style. Alongside shifting consumer habits, including the exponential growth of online retailing, the focus of fashion retailers now turns to preparing for long-term growth, following the initial rapid rate of investment.

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Trends in the Men's Fashion Market

With a growing emphasis on personal appearance and an average disposable income that is still 50% higher than women's globally, men are spending more on apparel and footwear than ever before. By 2019, menswear is expected to contribute close to US$40 billion in sales to the global apparel market.  Watch the video for complete insights.

10 Facts About Sub-Saharan Africa

Sarah-B-Banner

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Fears over commodity prices have failed to derail the Africa Rising narrative and the region continues to elicit strong interest from consumer goods companies. Its strength remains in its potential, with a young population and some of the world’s fastest-growing populations. Its consumer markets are seeing strong growth, driven by an increasing urban middle class.

Here are some key facts about this region:

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March 29, 2015

Unilateral Pricing Policy Sparks Debate on Future of Optical Goods Store Retailing

Chloe WuAnalyst Insight by Chloe Wu - Personal Accessories and Eyewear Analyst

In 2014, major contact lens manufacturers announced the implementation of retail price floors for leading contact lens brands, including popular brands such as Acuvue 1-Day Moist, Acuvue Oasys, Dailies AquaComfort Plus, Dailies Total 1 and Ultra. The mandate is widely criticised by consumers as a move by contact lens manufacturers to protect sales margins.

Issues of consumer health and choice closely intertwined

The more vocal eye care practitioners (ECPs) and related trade associations have voiced their support for the UPP. Contact lens online retailers, on the other hand, are doing whatever they can to obtain an injunction. Here’s the long and short of the many arguments made for and against the UPP – ECPs see the UPP as a preventative measure against showrooming, arguing that shopping around (particularly on the internet) undermines consumer health as patients would bypass regular eye checks and optical fittings. On the other hand, online retailers fear losing their cost advantage, thus protesting against what they see as a restriction of consumers’ choice. Consumers have voiced their dismay, many of whom are less likely to replace their lenses as frequently as before due to price increases, which compromises the safety of contact lens use.

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¡Euromonitor participa Seminario Internacional de Cereales que se llevará a cabo en 4 ciudades de Latinoamérica!

Nueva-alimentacion

Nombre del evento: Seminario Internacional de Cereales
 
Fecha: 21 de abril, Buenos Aires, Argentina – 22 de abril, Santiago, Chile – 24 de abril, Lima, Perú – 28 de abril, Guayaquil, Ecuador

Acerca del evento:  Organizado por Granotec, el Seminario Internacional de Cereales  es un encuentro exclusivo para profesionales de la industria que valoran la información actualizada, saben del permanente cambio en los mercados y necesitan estar a la vanguardia de las nuevas exigencias de consumidores cada vez más conscientes y comunicados. Se abordarán temas como la reducción y sustitución de los ingredientes críticos, la fortificación, los desafíos de la industria y las tendencias de los alimentos saludables que transitan el camino hacia una nueva alimentación.

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Where Will the Future Growth for Bags and Luggage Come From?

Sulabh MadhwalAnalyst Insight by Sulabh Madhwal - Personal Accessories and Eyewear Analyst

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As the Eurozone crisis and austerity measures hit consumer confidence and constrain demand, growth for leading luxury bag brands such as Louis Vuitton, Gucci and Prada slowed down in 2013 and 2014. In addition, accessible luxury brands are headed towards a relatively conservative year in 2015. Looking towards 2019, we make a few predictions to help determine growth strategies for the industry.

New markets come into focus

China and the US are still expected to lead global sales in 2019. However, markets such as South Korea, India and Taiwan will further their influence on global sales and serve as ideal candidates for market entry or expansion. South Korea will overtake the entire Eastern European region and edge closer to Japan’s number three position by 2019. India is likely to be among the top ten bags and luggage markets in 2019, as it overtakes Italy and Germany on the way.

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March 28, 2015

Saudi Arabia: Migrant Workers and Mid-Income Group Drive Record Sales of Cheap Cars

Arunas-UmbrasasAnalyst Insight by Arunas Umbrasas - Industrial Analyst

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Saudi Arabia’s booming automobile market powered through the global sales slump over 2009-2013 and is set to register roaring growth over 2013-2019. Surprisingly, sales expansion is being fuelled not by sales of bespoke Rolls-Royces but by low-cost vehicles, which are increasingly popular among mid-income Saudis and foreign workers. Dynamic growth has already attracted major brands from China such as Geely, which capitalised on robust growth to expand market share by catering to low-cost vehicle buyers. As leading competitors continue to launch new models and more foreign workers arrive in the Kingdom, car sales will only grow further during the forecast period.

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Euromonitor to speak at the Personalisation Summit - 9th Ancillary Merchandising Conference

Ai_New_LogoBarcelona, 16th April 2015, 11.30 am

With IATA's New Distribution Capacity (NDC), the airlines industry is now one step closer to delivering more personalised travel. So, will 2015 be the year when "Big Data" combines with the promise of NDC to deliver the right product to the customer at the right time across any channel? Or will the drop in oil prices see the industry take its focuss off the revenues driven from ancillaries and merchandising? These issues will be addressed during the 9th Ancillary Merchandising Conference. This event will bring together industry stakeholders responsible for ancillary revenue generation to discuss the latest trends, best practices, actionable strategies and insights.

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Russia: Current Challenges and Long Term Opportunities in Retail Tissue and Hygiene

Lidia-ShuktomovaAnalyst Insight by Lidia Shuktomova - Research Analyst

With ongoing political and economic woes, 2015 is expected to be a challenging year for the Russian marketplace. Euromonitor International projects that in 2015 Russia’s real GDP will decrease by 3.8% and consumer expenditure will fall by 4.6%, in constant 2014 prices. As a result, many Russians are expected to trade down. In 2015, retail sales of tissue and hygiene in Russia are projected to see only 1% rise in constant value (US$ fixed 2014 exchange rate) to achieve US$4.4 billion. However, volume sales for many categories are expected to register stronger growth, reflective of weakened purchasing power and bargain shopping.

While challenging in the short term, Russia’s downturn creates a window of opportunity for domestic brands to capture consumer attention, build customer loyalty and drive domestic industry growth, helped by expanding local production and improved supply chain. 

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Recent Posts

Highlights from New 2015 Food Packaging Research

5 Key Highlights from the 2015 Apparel and Footwear Research

Trends in the Men's Fashion Market

10 Facts About Sub-Saharan Africa

Unilateral Pricing Policy Sparks Debate on Future of Optical Goods Store Retailing

¡Euromonitor participa Seminario Internacional de Cereales que se llevará a cabo en 4 ciudades de Latinoamérica!

Where Will the Future Growth for Bags and Luggage Come From?

Saudi Arabia: Migrant Workers and Mid-Income Group Drive Record Sales of Cheap Cars

Euromonitor to speak at the Personalisation Summit - 9th Ancillary Merchandising Conference

Russia: Current Challenges and Long Term Opportunities in Retail Tissue and Hygiene