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September 22, 2014

Special Report: Sub-Saharan Africa’s Top 5 Economies

Sarah-B-Banner

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Sub-Saharan Africa’s five largest economies: Nigeria, South Africa, Angola, Ethiopia and Ghana accounted for 41% of the region’s population and 71% of its GDP in 2013. Four of the five, with the exception of South Africa, are forecast to experience strong economic growth in the coming years.

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September 20, 2014

Could Peruvian Pollo a la Brasa Chains be Poised For a Breakout?

ElizabethFriendAnalyst Insight by Elizabeth Friend - Senior Consumer Foodservice Analyst

Poultry is one of the most-consumed proteins on the planet, at over 12 kilograms per capita in 2013, and many dining cultures have some tradition of seasoned fried, grilled or roasted chicken. As a result, chicken fast food is highly conducive to international growth, and while the three largest players are US-owned, the top twenty chains are unusually varied in their countries of origin, including representatives from China, South Africa, Australia, Venezuela and South Korea. Many of these chains are enjoying rapid growth, but Peruvian chicken has emerged as a key niche category that’s one to watch.

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Veal: Evolving from “Cruel Meat” to Ethical Choice

Simone_BarokeAnalyst Insight by Simone Baroke - Contributing Analyst

The veal market is undergoing a slow but unstoppable revolution. There is a move away from age-old clashing viewpoints, which saw an unquestioning consumer acceptance of outdated animal rearing practices in traditional veal consuming countries on the one hand, and the outright rejection of veal as “cruel meat” in others. In line with rising animal welfare concerns, traditional veal eaters are starting to modify their expectations, while former veal rejecters are gradually getting used to the idea that veal can be produced humanely, and also that choosing veal represents a step towards sustainability.

Of crates and anaemia

Not all that long ago, from the standpoint of animal welfare watchers, eating veal was regarded just as abominable a culinary habit as the consumption of foie gras. However, unlike the latter, good-quality veal can indeed be produced without undue animal suffering. Great strides have been made in that direction over the last decade, and efforts are still ongoing.

A major milestone was achieved in 2007, when the EU finally outlawed the infamous veal crates, originally designed to restrict the animals’ movement in order to keep their muscles soft. In the US, although still legal, veal crates are used less and less, and the American Veal Association plans to phase them out by 2017.

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September 19, 2014

In Battle for Pakistani Youth, Coca-Cola Gains Share by Cultivating Local Stars

JonasFelicianoAnalyst Insight by Jonas Feliciano - Senior Beverages Analyst

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The Coca-Cola Co and PepsiCo have long battled for supremacy in cola carbonates, both in the US and abroad. While the domestic battle has reached a ceasefire amidst declining volumes for both companies, growing demand for cola carbonates in Pakistan has reignited the rivalry in this country. Marketing to younger consumers has long been a best practice in growing brands – and both Coca-Cola and Pepsi have a long history of tapping into both global and domestic artists to appeal to this demographic. But the support of grass roots artists in countries like Pakistan is becoming increasingly important as these consumers embrace Coke and Pepsi, not as Western brands, but as global brands with a local flair.

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Inside India’s High Growth Luxury Market

Fflur_RobertsAnalyst Insight by Fflur Roberts - Head of Luxury Goods

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India’s luxury goods market has been growing by more than US$255 million a year in absolute terms, on a par with the United Arab Emirates and considerably stronger than Singapore and Australia.

All luxury categories witnessed a big rise in demand with double-digit growth across the whole of the 2008-2013 review period. This was fuelled mainly by a mushrooming urban middle class with a penchant for Western brands.

Growth expectations among the world’s biggest luxury goods manufacturers are highly optimistic. This is a country, after all, where as many as one million young adults are entering the job market every month and it offers a potentially unrivalled demographic dividend.

There are, however, growing signs that the wheels are slowing on India’s hitherto unstoppable luxury goods growth surge. The combined effects of a cooling economy, rising prices and lacklustre job creation are causing middle-income consumers in particular to tighten their belts.

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Going Green Unlikely to Significantly Boost Western Europe’s Bottled Water Market

James MaddockAnalyst Insight by James Maddock - Packaging Analyst

Western Europeans love bottled water: in 2013 they drank over 45 billion litres of it. However, while it may be a valuable product to producers and packagers alike, the truth is that growth in per capita consumption rates are expected to slow over the forecast period. Packagers and/or brand owners will be hoping that breakthroughs in eco-friendly packaging will help to arrest this slowdown in demand, but successfully accelerating growth is likely to take more than this.

Growth in demand to slow in Western Europe

In 2013, Western Europe had the highest per capita bottled water consumption of any region, with only North America coming close. This high level of average annual consumption, which stood at approximately 93 litres in 2013, drives demand in the region, a sharp contrast with Asia Pacific. Asia represents a bigger overall market, but demand comes from a far greater number of individuals consuming at about one fifth of the levels that their Western European equivalents do. The bad news for packagers and producers alike is that growth in per capita consumption is expected to slow over 2013-2018, with North America set to overtake Western Europe as the region with the highest consumption rate by the end of the forecast period.

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September 18, 2014

Top 5 Manufacturing Economies: What Challenges Are They Facing?

An HodgsonAnalyst Insight by An Hodgson - Income and Expenditure Manager

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Four of the top five countries in terms of total manufacturing production are developed economies, with the exception of China whose impressive manufacturing might was built upon a pool of low-cost labour. Altogether the top five manufacturing countries accounted for 66.0% of global manufacturing output in 2013. Despite their dominance, each of the top five manufacturing powerhouses is facing a set of unique challenges that could change the future global manufacturing landscape. Understanding the challenges facing these top manufacturing economies can help businesses plan strategically as well as identifying long-term opportunities.

Top 5 Countries in Total Manufacturing Production: 2013

Source: Euromonitor International from national statistics/UN/OECD

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The Top Three Trends in Video Games

Rob-PorterAnalyst Insight by Robert Porter - Toys and Games Analyst

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The video games industry is forecast to post sales growth of over US$23 billion globally over the 2013-2018 period. With a 6% CAGR over the forecast period, video games is expected to be far more dynamic than traditional toys and games, which is expected to record a CAGR of 3% over the same period. Many factors will contribute to this exciting growth, including new product development, key company competition and innovative payment models.

Global market size for video games hardware, software and digital gaming, 2013-2018

Source: Euromonitor International

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Latin America Shows Growth in the Traditional Café Segment

ElizabethFriendAnalyst Insight by Elizabeth Friend - Senior Consumer Foodservice Analyst

The evolution of global drinking culture can be easily summarized: Over the past decade, drinking habits have been steadily transitioning from the traditional to the modern, led by the spread of specialist coffee shop culture and a wider variety of format options for beverage-focused social occasions. However, in 2013, cafés in Latin America still performed very well, even despite similarly strong growth in specialist coffee shops. In fact, Latin America saw the fastest value sales growth rate of any world region in both categories, with growth in each of 18%. These figures speak to divergent dynamics in the region’s cafés and coffee shops landscape, as well as to the potential for long-term opportunities for chained cafes and other tangential concepts. Latin American consumers have shown that despite economic conditions, they’re still willing to spend at cafés, and this paired with strong growth across multiple format types makes the market a very attractive target.

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September 17, 2014

The Rise of Cycling Cities in Europe

Kasparas AdomaitisAnalyst Insight by Kasparas Adomaitis - Cities Analyst

In some Western European cities, private vehicle ownership rates are surprisingly low. This does not mean that the population living there cannot afford their own vehicle, but rather that commuting takes different forms in some of these cities: the spread of cycling seems to be one of the most important contemporary trends changing cities’ vibes and local lifestyles. In particular, cities in the Netherlands and Denmark are undisputed leaders in terms of share of cyclists as these countries have long cycling traditions and the relevant infrastructure. However, a number of other metropolises, as well as second-tier cities in Western Europe, are rapidly improving their cyclability.

Western European Cities with the Lowest Rates Of Passenger Car Ownership, 2013

Source: Euromonitor International

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Recent Posts

Special Report: Sub-Saharan Africa’s Top 5 Economies

Could Peruvian Pollo a la Brasa Chains be Poised For a Breakout?

Veal: Evolving from “Cruel Meat” to Ethical Choice

In Battle for Pakistani Youth, Coca-Cola Gains Share by Cultivating Local Stars

Inside India’s High Growth Luxury Market

Going Green Unlikely to Significantly Boost Western Europe’s Bottled Water Market

Top 5 Manufacturing Economies: What Challenges Are They Facing?

The Top Three Trends in Video Games

Latin America Shows Growth in the Traditional Café Segment

The Rise of Cycling Cities in Europe