Doing Business in the Halal Market: Products, Trends and Growth Opportunities

300_halalMarket-v1.0The Muslim religion is the second largest and fastest growing religion in the world, with Muslim consumers expected to reach 26 percent of the global population by 2030. Muslim consumers seek products that cater to their religious needs and comply with Islamic requirements: from halal production process to halal labelling and packaging. The lack of permissible offerings has led to a surge in demand, as Muslims grow hungry for trendy products and services adapted to their lifestyle.

Doing Business in the Halal Market: Products, Trends and Growth Opportunities examines the specific challenges and opportunities present for a variety of products, from beauty and personal care, apparel, food and beverage, to tourism applicable for key halal markets across the globe.

Download-Now

This white paper assesses the potential for businesses considering tapping into halal and Muslim consumer markets; helping them to understand halal certification and the demand for standardisation across the food industry, and identify halal market opportunities in Southeast Asia, China, Western Europe and Australasia. Each analysis will address how businesses can compete in the halal market, highlighting its development as well as potential for the future.

 

September 5, 2015

Euromonitor to Speak at New Zealand Beverage Council Annual Conference 2015

NZBC-logo

Location: Wairakei Resort, Taupo, New Zealand

Date: 15th-16th September 2015

Event Description:  The New Zealand Beverage Council Conference is the highly anticipated annual meeting for the Council’s members, who include the key players in the soft drinks and water industry in New Zealand. The 2015 event is based on the theme of ‘Today’s Vision, Tomorrow’s Reality’.

Speaker: Rehan Panditaratne, Business Development Executive, Euromonitor International

Presentation Time: 11.00-11.45am, Tuesday 15th September

Presentation Title: Innovating an industry: How brand owners can stay ahead of consumer trends in beverages

Continue reading "Euromonitor to Speak at New Zealand Beverage Council Annual Conference 2015" »

September 4, 2015

UK Tuition Hikes to Depress Future Enrolment

Matt OsterAnalyst Insight by Matt Oster - Institutional Channels Analyst

As students return to class for the 2015/2016 school year across Europe and North America, university-bound students in Britain are still trying to understand the ramifications of the Summer Budget announced in July that will raise tuition and eliminate student grants in favour of loans. At this early stage, questions remain about what this might mean for student levels going forwards, with some analysts contending that this will make the UK system less fair and result in fewer part-time students. To determine what result this policy will have in the near term, it’s instructive to examine how previous increases in higher education tuition rates affected student levels.

Though historically free, the British university system introduced tuition fees in 1998 with a cap at £1,000 per year. After Scottish devolution, tuition fees were abolished there in 2000. The rest of the UK increased rates in 2004 to a maximum of £3,000 per year, with the rate slowly rising until the 2012/2013 school year, when fees almost tripled to a maximum £9,000 a year. Each phase of tuition increases were justified as a necessary fix to persistent funding shortfalls and a way for UK universities to better compete on the global stage.

Continue reading "UK Tuition Hikes to Depress Future Enrolment" »

Commodities Roundup: August 2015

Commodoties-Podcast-Banner

Listen as MP3

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.

Continue reading "Commodities Roundup: August 2015" »

Euromonitor to Speak at INDA Hygenix 2015

Hygenix

Event Name: INDA Hygienix “The Premier Event for Absorbent Hygiene + Personal Care Markets”

Event Date: October 26-29, 2015

Location: St. Petersburg, FL

Event Description: Because we've combined the best of both INSIGHT and VISION to create a conference that's the global pinnacle of technological innovation.

Hygienix features some of the world's most notable thought leaders, from companies and organizations that are revolutionizing the absorbent hygiene and personal care industry. Meet the speakers. Collaborate with international peers. Learn about today's trends – and tomorrow's. Gain exposure to ideas that can take your products to a whole new level. You'll connect with customers and colleagues in a conference attended by the entire supply chain – and you'll leave with the knowledge and connections to transform your company and your career.

Continue reading "Euromonitor to Speak at INDA Hygenix 2015" »

September 3, 2015

General Mills sells Green Giant to B&G Foods

Green-giantInitial Comments by Emily Balsamo - Research Analyst

B&G Foods signed a deal on Thursday to acquire Green Giant and canned vegetable brand Le Sueur from General Mills for $765 million in cash. Prior to the acquisition, B&G did not own any brands of frozen foods, with Green Giant marking the company’s foray into the freezer aisle. Green Giant, which produces frozen vegetables, hummus and, vegetable side dishes, has seen declining sales in previous years. General Mills explained the sale of the company in terms of their vision for their portfolio, focusing on fast moving, less commoditized products such as cereals, yoghurt, and snacks.

General Mills said the sale was in line with its effort to reshape its portfolio to focus on brands, categories and geographic markets that have the greatest future growth opportunities. General Mills posted sales of $18.7 billion in fiscal year 2015. New York Times

The two companies have struck a deal allowing General Mills to continue to operate Green Giant under license in Europe and some other export markets. In a news release announcing the acquisition, Robert C. Cantwell, the B&G Foods president and chief executive, hinted at the future of Green Giant:

“For over 100 years, Green Giant and Le Sueur have been providing consumers with great tasting, nutritious vegetables picked at the peak of perfection. We look forward to building on that rich history by offering new and innovative products that will respond to the needs of today’s health conscious consumer.” -B&G Foods

An eye towards innovation may be what Green Giant needs to rebound sales. The transaction is targeted to close by the year’s end.

Pinar HosafciFurther Comments by Pinar Hosafci - Packaged Food Analyst
Added 9/4/15 10:00am CST

View Pinar Hosafci's profile on LinkedIn

The disposal of Green Giant has been a long time coming. Speculations around the sale of Green Giant have already surfaced in March 2015, following General Mills announcement to trim its number of divisions from seven to five. Under this new restructuring plan, frozen food, which accounts for the majority of Green Giant revenue, was integrated into other divisions. 2014 was one the worst year’s in General Mills recent history with net sales growing by less than 1% - their slowest pace since 2010. This has to a large extent to do with General Mills strong reliance on slow growing staple foods such as cereals and processed vegetables. As General Mills controls a wide range of brands in diverse categories, it faces challenges in achieving group synergies. While Green Giant is General Mills’ second largest brand following Yoplait, it has few potential synergies with the group’s core focus areas, which include yoghurt, cereals and snacks. The importance of Green Giant in General Mills’ overall portfolio has also been eroding: While in 2009 Green Giant accounted for 12% of General Mill’s packaged food sales, in 2014 the brand’s share fell to 8%. The US canned processed vegetable business accounted for the majority of this share decline, with sales crashing by over US$50 million over the course of the last five years. As a result, the company has taken a more active approach in streamlining its portfolio towards premium, higher margin products and divesting away from low growth, low profit brands such as Green Giant. This strategy to focus on high margin brands was also illustrated by the group’s recent acquisition of Annie’s Naturals, a manufacturer of premium frozen and ambient snacks. The sale of Green Giant, General Mill’s second biggest cash generator, could free up resources help the company make more acquisitions in the premium healthy food area and accelerate growth in emerging markets, in particular in China, where the group recently opened a research and development centre, the first major one outside the US.

 

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

Consumer Electronics in 2020

Emi_2016Launch-v1.0

Retailers’ and manufacturers’ prayers for the next big thing have been answered, as sales of autonomous wearable electronics are projected to enjoy a whopping 55% CAGR in the forecast period. The ascendency of wearable electronics provides a much-needed boost as dynamic growth of sales of tablets (the previous next big thing) comes to a grinding halt.

 

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

It’s Time to Go Back to School in the UK – but Not for Ribena

Lauren BandyAnalyst Insight by Lauren Bandy - Senior Nutrition Analyst

View Lauren Bandy's profile on LinkedIn

It’s that time of the year again when parents take to the high street, kids in tow, to stock up on those school essentials and begin to rack their brains for creative food ideas for their children’s lunchboxes. This year however, Ribena isn’t likely to feature so heavily around the school canteen tables as leading UK retailer Tesco has announced that lunchbox-sized sugar-sweetened drinks will be dropped from its shelves; bad news then for Ribena, Capri-Sun and Rubicon, which all produce 200ml cartons and pouches designed exactly for that.

Cynics would argue that these brands are simply victims of Tesco’s strategy to reduce the number of brands on its shelves by 30%, and that the core decision to delist these products has nothing to do with childhood obesity. Others would argue that this is a great demonstration of how business strategy and corporate public health policy can be married together; a win-win situation. Tesco represents around a fifth of retail value grocery sales, which is significant, but for this decision to have any true public health impact, other retailers are going to need to follow suit.

Continue reading "It’s Time to Go Back to School in the UK – but Not for Ribena" »

September 2, 2015

Euromonitor to Speak at Tissue World New Orleans 2016

TWNO-390x173

Event Details:

CONFERENCE: March 14 - 17, 2016
TRADE SHOW: March 15 - 17, 2016
New Orleans Ernest N. Morial Convention Center (Hall G)

The Meeting Point for the Tissue Industry in North America

Join us in 2016 in New Orleans where Tissue World once again opens its doors to leading tissue industry professionals providing global players a highly valuable platform to network and do business!

Here’s what you can expect at Tissue World New Orleans 2016:

  • Understand, network and do business with the web of tissue professionals, suppliers and distributors from across North America

  • Keep pace with pressures from customers, regulators and advocacy groups by joining the discussion on the hot topics debated at the Tissue World conference and gather actionable insight on the North American market

  • Take advantage of our extensive online and offline marketing campaign focusing on content, print and social media to boost exposure and stay connected

Website: www.tissueworld.com/twneworleans

September 1, 2015

How Should Crayola Respond to the Growing Fad of Using Colouring Pencils as Eyeliner?

Rob WalkerAnalyst Insight by Rob Walker - Contributing Analyst

View Rob Walker's profile on LinkedIn

Sometimes, a new consumer fad comes out of nowhere that reshapes the way people identify with a brand. This is becoming more common as the quirky world of social media and the blogosphere grows in power.

Consider the case of Crayola, the best-selling brand in the world in retail value terms. Thanks to some left-field thinking by popular young beauty bloggers, a new trend has emerged whereby growing numbers of teenage girls are using Crayola pencils as a low-cost substitute for eyeliner.

Global retail sales of Crayola colouring pencils have been growing at less than 1% a year since 2010 (at fixed US dollar prices), so the brand could benefit from a new injection of vitality. Is this unsolicited online advertising just what the doctor ordered, or is it potentially damaging to the brand’s image?

Crayola-chart

Source: Euromonitor International

Continue reading "How Should Crayola Respond to the Growing Fad of Using Colouring Pencils as Eyeliner?" »

Euromonitor to Speak at Cosmetics 360

Logo-rose

Date: 15-16 October, 2015

Location: Caroussel du Louvre - Paris, France

About the conference

The two-day programme at Cosmetic 360 will offer professionals some turnkey solutions from the most innovative companies, with thematic pathways, a cycle of talks on future trends, open innovation spaces for business meetings with the industry’s decision-makers, and two prizes for innovation. The fair will be designed as a meeting place for players in innovation and industry professionals from every sphere: technical, R&D, general and marketing, trade and purchasing, and academic research.

Continue reading "Euromonitor to Speak at Cosmetics 360" »

Subscribe

 RSS Feed

Receive New Posts via Email:

 

Join us on...

Filter by Category

Filter by Geography

Filter by Industry

Recent Posts

Euromonitor to Speak at New Zealand Beverage Council Annual Conference 2015

UK Tuition Hikes to Depress Future Enrolment

Commodities Roundup: August 2015

Euromonitor to Speak at INDA Hygenix 2015

General Mills sells Green Giant to B&G Foods

Consumer Electronics in 2020

It’s Time to Go Back to School in the UK – but Not for Ribena

Euromonitor to Speak at Tissue World New Orleans 2016

How Should Crayola Respond to the Growing Fad of Using Colouring Pencils as Eyeliner?

Euromonitor to Speak at Cosmetics 360