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October 24, 2014

Join Euromonitor and World Travel Market for a Twitter Chat

WTM-HeaderPlease join our Travel and Tourism Analysts for a Twitter Chat from 9:30 to 10:30 am CDT on Monday, November 10th as we discuss the trends outlined in the 2014 WTM Global Trends Report. You can also follow the conversation via the #WTMEMI hashtag

  • Identify key trends set to shape the travel industry in seven regions: the Americas, the UK, Europe, Middle East, Africa, Asia, India 

  • Discover the latest dynamics in travel technology

  • Gain insight into to the size and shape of travel
    and tourism

  • Learn about pressing industry issues, emerging brands, destinations, demographics, growth categories and consumer trends

Participating Twitter Handles: @euromonitor, @WTM_London, @ViolettaScolaEM, @EMI_MichelleG, @Angelo_Rossini, @PopovaNadia2

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Petfood 2.0: Pet Humanisation Moves Down the Supply Chain

JaredKoertenAnalyst Insight by Jared Koerten – Senior Research Analyst

View Jared Koerten's profile on LinkedIn

The concept of pet humanisation is not new, and its effects on pet food aisles in the US have been evident to even the most casual observer. Pet food labelled as “natural” or “grain-free” increasingly command larger portions of shelf space, and buzzwords like “superfoods”, “high protein”, or “freshly made” have migrated into pet food. Sales of premium pet food have significantly outpaced other price tiers and average unit prices have risen alongside consumer demand for higher-quality food for their pets. As consumers are increasingly concerned with eating a healthier diet as part of their own wellness regimen, they are looking to mirror these choices in the food they are choosing for their pets.

While the effects of pet humanisation have been most evident among consumers and the retail side of the market, the longevity of this trend is now making serious ripples across all levels of the pet food supply chain. This was a clear theme that emerged at the Petfood 2.0 conference in Chicago on 23-24 September 2014. A series of insightful speakers explored how various parts of the pet food supply chain are facing important new challenges in the face of pet humanisation and a consumer base that is more educated and discerning than ever before. 

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Luxury Goods in France: Key Trends and Industry Overview

Fflur_RobertsAnalyst Insight by Fflur Roberts - Luxury Goods Analyst

View Fflur Roberts's profile on LinkedIn

Despite France’s venerable position on the global luxury and fashion scene, the French luxury market has not escaped the country’s poor macroeconomic environment.

According to Euromonitor International’s latest research, luxury sales in France reached just under €18 billion in 2014, making it the third biggest market in the world, behind the US and Japan, but, with a regional value share of 21%, France comes out top, ahead of neighbouring Italy and the UK.

Much in line with comparable global figures, designer clothing and footwear accounts for the lion’s share of luxury value sales in France, at 46% in 2014. However, its growth is dwarfed by that of the second largest category, luxury accessories, which grew by 43% in value in the five years to 2014, making it the most dynamic category overall.

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October 22, 2014

Apple Earnings Review: iPhone’s Stellar Performance

Weeteck_looAnalyst Insight by Wee Tek Loo - Head of Consumer Electronics Research

View Wee Teck Loo's profile on LinkedIn

Apple Inc has announced the financial results for its fourth quarter (ending 27 September 2014), where the company posted quarterly revenue of US$42.1 billion and net profit of US$8.5 billion. Apple also provided a bullish guidance for its fiscal 2015 first quarter results.

iPhone - stellar performance amidst China’s woes

In this quarter, Apple reported that it sold 39.3 million iPhones, of which 10 million were new iPhone 6 phones, sold in the first three days of sales.  Euromonitor International expects the new iPhone 6 and iPhone 6 Plus phones to propel the company’s sales to more than 181 million units in 2015, a staggering 9% growth over 2014.

China is the world’s largest smartphone market, with close to 30% of all smartphone global sales in 2014 coming from the Middle Kingdom. Critically, China Mobile, the world’s largest telco, is selling iPhones to its 288 million mobile subscribers, of which 41 million are on the high speed 4G. That said, Apple faces an uphill battle in China with local manufacturers like Lenovo, ZTE and XiaoMi and Apple’s global foe, Samsung currently dominating. China remains a key market to help drive future growth for Apple, with sales of its iPhone range expected to exceed 20 million units in 2015 and in particular, where demand for larger screens phones is rising fast.

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October 21, 2014

Top 5 Fastest Growing Consumer Markets in 2014

An HodgsonAnalyst Insight by An Hodgson - Income and Expenditure Manager

View An Hodgson's profile on LinkedIn

A comparison of all consumer markets in terms of their expected consumer expenditure annual real growth in 2014 reveals some interesting fast-growing markets that are not among the usual major emerging markets (such as the BRICS and the MINT). Of the top five fastest growing consumer markets of 2014, Malawi and Sierra Leone are somewhat surprising entrants while Turkmenistan and Saudi Arabia are fast-growing markets with sound fundamentals that can offer significant opportunities for consumer goods companies. Mongolia is also a market with promising prospects, but its small population restricts meaningful market expansion.

Top Five Fastest Growing Consumer Markets: 2014

Source: Euromonitor International from national statistics/Eurostat/UN/OECD

Note: Data are forecasts 

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Key Takeaways from SupplySide West 2014

ChrisSchmidtAnalyst Insight by Chris Schmidt - Consumer Health Analyst

View Chris Schmidt's profile on LinkedIn

During the week of 6 October 2014 Euromonitor presented at SupplySide West, one of the nutrition industry’s most important global gatherings. This year’s exposition brought together more than 1,700 of the health ingredient industry’s leading companies, including formulators, manufacturers, laboratory experts and finished product producers. Euromonitor’s Consumer Health Analyst Chris Schmidt and Head of Health and Wellness Ewa Hudson delivered insights into sports nutrition and energy drinks, respectively. As in years past, SupplySide West provided a comprehensive overview of the industry’s most important trends and developments, including the product and market developments, new technologies and regulatory changes that are likely to drive the industry moving forward.

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October 20, 2014

WTM Global Trends Report by Euromonitor Predicts Future Trends

Blog_wtm-v1.0

The WTM Global Trends Report, produced by Euromonitor International in exclusive for WTM, has been at the forefront of accurately predicting major travel trends around the world since its launch in 2006, looking at how the travel industry is developing in a rapidly changing landscape.

 

The WTM Global Trends Report 2014 by Euromonitor International will be launched at London’s Excel Centre during a press conference on Monday 3rd November at 13:00 in the Platinum Suite 5&6. A session for WTM attendees will be held on Tuesday 4th November at 15:30 in Platinum Suite 1. 

Pre-register to receive the WTM Global Trends Report 2014 today!

 

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

Emerging Markets are not Shorthand for Doom or Boon

Sarah-B-Banner

View Sarah Boumphrey's profile on LinkedIn

It’s dangerous to group all emerging markets into one convenient basket, even within a region their prospects vary dramatically. Not all are suffering from a slump, but equally not all are dynamic, fast-growing economies. In a time of heightened geopolitical tensions, and with risks to the global economy seeming to increase on a daily basis, the devil is in the detail.

Economy

Bright stars include smaller emerging markets such as Turkmenistan, Laos, Rwanda and Cambodia. India is also seeing something of a turnaround with growth expected to come in at 5.4% in 2014 and 6.7% in 2015 supported by an upturn in business confidence following the general election, lower commodity prices and policy reform. Bangladesh and Nigeria are also expected to put in strong performances.

Real GDP Growth in Selected Emerging Markets: 2014-2030

SB1

Source: Euromonitor International from national statistics/Eurostat/OECD/UN/IMF

Continue reading "Emerging Markets are not Shorthand for Doom or Boon" »

October 19, 2014

Euromonitor International Interview Series: Kelly McGuire, Ph.D. Executive Director, Hospitality and Travel Global Practice for SAS

Michelle GrantInterview conducted by Michelle Grant - Travel and Tourism Research Manager

View Michelle Grant's profile on LinkedIn

Euromonitor International is pleased to present an interview examining the impact that user generated content has on hotel purchasing decisions for both business and leisure travellers. Euromonitor International Travel and Tourism Research Manager Michelle Grant spoke with Kelly McGuire, Ph.D. Executive Director, Hospitality and Travel Global Practice for SAS.

Can you please explain your role?

I run the hospitality and travel global practice at SAS.  My role is to drive the strategic direction for the practice at SAS.  My team provides domain expertise to our sales teams, ensures that SAS’s products meet the needs of the market by working with SAS R&D, and evangelizes the value of analytics to the hospitality and travel industries. 

Continue reading "Euromonitor International Interview Series: Kelly McGuire, Ph.D. Executive Director, Hospitality and Travel Global Practice for SAS" »

October 18, 2014

Pet Humanisation: The trend and its Strategic Impact on Global Pet Care Markets

GinaWestbrookAnalyst Insight by Gina Westbrook - Director of Strategy Briefings

Pet owners are increasingly treating their cats, dogs and even small mammals like members of their family. The opportunity to commercialise this trend into a vast range of goods and services – from dog beer to cat counselling, from pet weddings to “social petworking” – is staggering for the company that can position itself to gain credibility among this growing demographic. Our new Strategy Briefing looks at the impact on pet care markets worldwide.  There are three main types of pet owner who are keen to spend heavily on their pets; they have different, albeit overlapping, priorities and interests.

crowned dog.jpg1. The mainstream humanising pet owner

This group likes brands that feel safe and reliable, that they believe to be credible and that they trust with their pet’s welfare. In many cases, especially at the higher spending end of this group, this can mean a focus on small businesses with an ethical business practice, and a distrust of large corporations.

 For services, local businesses with a good track record may be preferred over a more clinical, large-scale contenders, while products, especially food, with a cottage industry feel tend to perform well.

Continue reading "Pet Humanisation: The trend and its Strategic Impact on Global Pet Care Markets" »

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