Home » Asia

772 posts categorized "Asia"

October 29, 2014

Ingredients Companies Must Capitalise on Indian Appetite for Sweet and Savoury Snacks

John GeorgeAnalyst Insight by John George - Ingredients Analyst

Ingredients companies should increase their presence in India to better understand local trends and capitalise on the popularity of sweet and savoury snacks. Between 2008 and 2013, sweet and savoury snacks delivered a retail value CAGR of 26%. This contributed to the volume consumption of speciality ingredients in India growing by 13%. While other packaged foods also led to this growth, ingredients companies should recognise the superior potential of sweet and savoury snacks in India and take steps to ensure they are getting the most out of sweet and savoury snacks’ success.

Speciality ingredients influenced by sweet and savoury snacks

From 2008 to 2013, volume consumption of polysaccharides and oligosaccharides in India increased by 17%, while volume consumption of flavour enhancers increased by 14%. Sweet and savoury snacks accounted for 57% and 20% of polysaccharides and oligosaccharides and flavour enhancers use respectively, in India in 2013. Between 2013 and 2018, polysaccharides and oligosaccharides and flavour enhancers are forecast to be the speciality Ingredients companies should take note of the role of sweet and savoury snacks in this growth.

Continue reading "Ingredients Companies Must Capitalise on Indian Appetite for Sweet and Savoury Snacks" »

October 28, 2014

The Demographic Transformation of Japanese Cities

Kasparas AdomaitisAnalyst Insight by Kasparas Adomaitis - Cities Analyst

With the world’s highest life expectancy and one of the lowest birth rates, Japan is facing serious challenges due to its rapidly ageing population. Japanese in major cities age even faster than the country overall. Absence of well-integrated communities in city neighbourhoods, concentration of elderly citizens in certain areas, and rising costs of healthcare are only some of the issues that are currently experienced by Tokyo, Osaka, Nagoya and other cities in Japan. Social and consumer services need to adapt to the new reality in Japanese cities.

Change in Population 65+ in Japanese Cities and Change in Total Japan Population: 2008 - 2030

Source: Euromonitor International

Continue reading "The Demographic Transformation of Japanese Cities" »

Store Visit: Paul Bakery in Singapore Exemplifies the Rise of the Modern French Bakery Concept

Paul_Pastry.JPG 

All photos by Euromonitor International

The specialist coffee shop segment has grown to become highly popular in many Asia Pacific markets, as young, urban consumers are attracted to their indulgent baked goods, hot coffee or tea, and social atmosphere. This has meant rapid growth in the region for specialist coffee shops as a category, at 14% value growth in 2013, but it has also led to fierce competition particularly in premium locations.

This competition has led to a need to differentiate, causing operators to think beyond the Starbucks-led coffee and espresso model and find different ways to pair the third-place benefits of modern coffee shops with various cuisines and concepts. One such resulting trend is the rise of the French bakery café, a niche that has gained popularity in higher-income markets such as South Korea and Singapore. These outlets pair the premium atmosphere and sleek, modern décor of a specialist coffee shop with the menu and service model of a more traditional café, offering consumers a more luxurious drinking and snacking experience that serves a wider variety of dining occasions. Paul bakery exemplifies this trend, combining a traditional French ambience with more modern amenities that appeals to high-income locals, European expats and tourists alike. Euromonitor visited an outlet in Singapore to get a better sense of the format’s key benefits and appeal:

Continue reading "Store Visit: Paul Bakery in Singapore Exemplifies the Rise of the Modern French Bakery Concept" »

October 27, 2014

BRIC Focus: Substantial Growth Potential for Consumer Expenditure on Leisure and Recreation

An HodgsonAnalyst Insight by An Hodgson - Income and Expenditure Research Manager

View An Hodgson's profile on LinkedIn

Although the consumption of recreational and leisure goods and services is relatively low and uneven across the BRIC countries of Brazil, Russia, India and China, growth potential is substantial thanks to rising disposable incomes, a surging middle class, rapid urbanisation, greater online connectivity and also population ageing. Over 2014-2030, the BRIC leisure and recreational services market will grow by 132% in real terms, with India tipped to be the fastest growing market in the BRIC.

Per Household Spending on Leisure and Recreation in the BRIC: 2008 and 2013

BRICSpendingonLeisureandRecreation

Source: Euromonitor International from national statistics/Eurostat/UN/OECD
Note: Data are in constant 2013 prices, fixed exchange rates 

Continue reading "BRIC Focus: Substantial Growth Potential for Consumer Expenditure on Leisure and Recreation" »

A Local Strategy in Emerging Markets

Sarah-B-Banner

 

 

 

View Sarah Boumphrey's profile on LinkedIn

One of the key strategies for success in emerging markets is to adapt to local conditions. This could mean redesigning products and services from the ground up or merely tweaking products or packaging to meet consumers’ needs. With an ever expanding list of big-name failures in emerging markets, and tighter economic conditions in some countries, a local strategy is crucial to safeguard success.

Generalise at your peril

The importance of this can be amply seen when comparing markets which on the face of it may seem to have lots in common. For instance Bulgaria and Romania are two emerging Eastern European countries, with almost identical per capita expenditure – but the data behind this headline figure reveals some interesting differences between the two countries. The same can also be said of Colombia and Peru, and many other not-so-similar markets.

SB1

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

Continue reading "A Local Strategy in Emerging Markets" »

October 26, 2014

China's Wages set to Rise in the Near Future

China accounted for around a third of total global manufacturing output in 2013 and an increase in the cost of labour will have a direct impact on the price of end consumer goods as well as company profit margins. As a result, some manufacturers will move their production hubs to other low-cost markets such as Indonesia and Vietnam. Watch the full video for complete insights.

Carrie_LennardVideo Features Carrie Lennard - Business Environment Manager

View Carrie Lennard's profile on LinkedIn

October 22, 2014

30th Cleaning Seminar Japan 2014

Cleaning SeminarEvent Name: 30th Cleaning Seminar (In Japanese: 第30回 クリーニングに関する情報セミナー ‐世界の洗濯・クリーニング事情)

Organizer: The Japan Research Association for Textile End-Uses

First Presentation Time: Thursday 20th November, 15:00-15:50
 
Venue: Osaka (University of Osaka)

Second Presentation Time: Friday 21st November, 15:00-15:50

Venue: Tokyo (Japan Women’s University)

Website: http://homepage3.nifty.com/shohikagaku/gyoji.htm#clean

Continue reading "30th Cleaning Seminar Japan 2014" »

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 

Continue reading "Top 5 Fastest Growing Consumer Markets in 2014" »

October 20, 2014

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

Asia Pacific's Top 500 Retailers, 2014

Emi_asia500-v1.1(1)

Asia-Pacific Retail Scoreboard: Key Findings

The latest edition of Asia-Pacific Top 500 Rankings published in conjunction by Euromonitor International and Retail Asia reaffirms 7-Eleven Japan as the leading retailer in the region, despite the rise of Chinese, South Korean and Australian retailers. Seven and I, 7-Eleven parent company, maintains the widest reach with presence in nine out of the 14 markets in the study. Thailand achieved the most dynamic store growth in 2013, while Australia remains the most consolidated market with two-third of all retail sales stemming from the 57 retailers featured in the Top 500 Rankings.

Subscribe

 RSS Feed

Receive New Posts via Email:

 

Join us on...


View our YouTube Channel Follow Euromonitor on Twitter Become a Fan on Facebook Connect with Euromonitor on LinkedIn




Filter by Category

Filter by Geography

Filter by Industry

Recent Posts

Ingredients Companies Must Capitalise on Indian Appetite for Sweet and Savoury Snacks

The Demographic Transformation of Japanese Cities

Store Visit: Paul Bakery in Singapore Exemplifies the Rise of the Modern French Bakery Concept

BRIC Focus: Substantial Growth Potential for Consumer Expenditure on Leisure and Recreation

A Local Strategy in Emerging Markets

China's Wages set to Rise in the Near Future

30th Cleaning Seminar Japan 2014

Top 5 Fastest Growing Consumer Markets in 2014

Emerging Markets are not Shorthand for Doom or Boon

Asia Pacific's Top 500 Retailers, 2014