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August 19, 2014

Major Trends in Foodservice and Beverages in Singapore

Consumers in Singapore like to be on the forefront of new food and drink trends. In foodservice, cupcakes are currently a hot item with cupcake stores and kiosks opening all over the county. The next big trend will be juice cleansing, which fits in well with consumers in Singapore’s fast-paced yet health conscious lifestyles.

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August 16, 2014

China Dominates Boom in Emerging Market Patent Grants

Patent Trends in Emerging Markets

The increasing prioritisation of research and development in emerging markets is resulting in a sharp growth in the number of patents being registered among them. China had by far the highest number of patents granted at its national patent office of emerging markets at just under 257,000 in 2013, representing 72.4% of total developing market patent grants. Patents enable countries to benefit exclusively from their research and gain a competitive advantage over others.

 

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Travel Agencies Partnering with Bloggers in Singapore

The sales of packaged holidays in Singapore reached 2.7 billion Singapore dollars in 2013, with travel agencies introducing tour packages hosted by celebrity tour guides and local bloggers. Food and travel bloggers are extremely popular in Singapore and travel agencies are taking advantage of this trend, creating packages based on bloggers’ tastes and preferences.

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August 14, 2014

HBA Global 2014 Recap: First Aid Beauty's Success in South Korea

To successfully enter a new country, beauty companies need to be aware of the retailing and economic conditions as well as the needs of the consumers in that country. US-based skin care company First Aid Beauty (FAB) is a successful example, performing well in the ultra-competitive South Korean beauty market. FAB markets its products as medicated and safe for skin which appeals to South Korean women who purchase dermo-cosmetic brands such as Avene. FAB also promotes their products as hot-selling in the US, providing extra cachet. FAB sells its products in local Korean health and beauty retailer Olive Young, which promotes to young Korean women.

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August 12, 2014

Who Will Gain Most from Russia’s Food Import Sanctions?

  Sarah-B-Banner

Headlines abound about Russian agricultural sanctions against the EU, Norway, USA, Canada and Australia. Russia’s biggest food imports include meat and poultry, vegetables, fruits and tree nuts and dairy products all of which contain some food products covered by the sanctions. So just who will fill the gap left by the banned countries?

Russia’s Imports of Food Stuffs by 2 Digit HS Code: 2013

  SB1

Source: UN COMTRADE

Key: 01 Live animals; 02 Meat and edible meat offal; 03 Fish and crustaceans, molluscs and other aquatic invertebrates; 04 Dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified or included; 05 Products of animal origin, not elsewhere specified or included; 06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage; 07 Edible vegetables and certain roots and tubers; 08 Edible fruit and nuts; peel of citrus fruit or melons; 09 Coffee, tea, mate and spices;  10 Cereals; 11 Products of the milling industry; malt; starches; inulin; wheat gluten;  12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruit; industrial or medicinal plants; straw and fodder; 13 Lac; gums, resins and other vegetable saps and extracts;  14 Vegetable plaiting materials; vegetable products not elsewhere specified or included; 15 Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes; 16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates; 17 Sugars and sugar confectionery; 18 Cocoa and cocoa preparations; 19 Preparations of cereals, flour, starch or milk; pastry cooks' products; 20 Preparations of vegetables, fruit, nuts or other parts of plants; 21 Miscellaneous edible preparations

 

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Smaller Packs for Bigger Sales? Part One: Capturing Value in Lower-Income Demographics

James MaddockAnalyst Insight by James Maddock - Packaging Analyst

With increasingly competitive landscapes and maturity of consumption levels in much of the Western world, packaging companies are looking to alternative consumer bases in order to drive growth. One group which should prove to be particularly valuable is lower-income individuals in emerging markets.

Small Budgets but Big Potential

While emerging markets, such as the BRIC and MINT nations, yield demographic groups with the same purchasing power as Western consumers, the majority of residents in these countries operate on a far lower budget. Despite this, the sheer number of untapped households in these countries makes them a potentially valuable group. Additionally, capturing these consumers early gives manufacturers the opportunity to move them onto more valuable products as wages and disposable incomes rise in these territories. If manufacturers are able to grow these customers and move them onto more valuable pack sizes, the brand loyalty accrued through this process should make purchasers more receptive to new or unfamiliar product or pack types, providing further opportunities.

Continue reading "Smaller Packs for Bigger Sales? Part One: Capturing Value in Lower-Income Demographics" »

August 9, 2014

Thailand and Philippines: New Hotspots for M-Commerce

M-commerce-header

Southeast Asia is the new prime spot for m-commerce, given the massive online retail market driven by the burgeoning smartphone and internet penetration rates. While developed markets like Singapore have the highest rates of smartphone penetration, developing markets like the Philippines and Thailand are, in fact, leading the region in terms of m-commerce retail value. With a youthful population base that is increasingly digitally connected, along with better payment options, these markets are poised to dominate internet retailing within the region.

Source: Euromonitor International 

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Natural Gas – A Cleaner Energy Alternative for China

China is by far the largest country for coal consumption, accounting for roughly half of global demand. However, the country’s long reliance on the resource is creating health and environmental issues, , so alternative energy sources are attracting more and more attention. Natural gas may be the answer for China, as foreign supply increases and the country hosts the world’s largest technically recoverable shale gas reserves, which are largely untapped.  Although coal will remain China’s number one energy source in the foreseeable future, the country’s desire to solve its pollution problems greatly benefit natural gas companies both foreign and local.

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White Rice Exacerbates Diabetes Threat in Asia Pacific

Simone_BarokeAnalyst Insight by Simone Baroke - Contributing Analyst

According to an eminent diabetes expert, white rice is one of the root causes of Malaysia’s rocketing obesity figures, which are fuelling the country’s diabetes crisis. The trouble is that healthier alternatives, such as brown rice and low-carb noodles, are not catching on just yet in Malaysia, and nor are they, for that matter, in other Asia Pacific countries. Public health needs do not automatically translate into consumer demand, and a push from the industry will be needed to open up these markets to healthier alternatives and curb the virtually exclusive reign of white rice.

Malaysia is Asia Pacific’s “Fattest” Country

In May 2014, the prestigious British medical journal The Lancet published a new systematic analysis on overweight and obesity involving 188 countries, which identified Malaysia as the most “obese country” in the Asia Pacific region. According to the new data, 48.6% of Malaysian women and 43.8% of men are either overweight or obese. For comparison, in neighbouring Indonesia, the incidence is 30.6% and 21.4%, respectively, whilst it is 39.7% and 32.1% in Thailand. 

Excess body weight is the number one predisposing factor for type 2 diabetes, and Malaysia’s prevalence is high: 11.5% of the population aged 20-79 years has type 2 diabetes, compared to a global average of 8.4%, which roughly coincides with the incidence in Asia Pacific overall. In fact, only Singaporeans have higher diabetes rates than Malaysians in Asia Pacific. Incidentally, the US, which continues to lead global overweight/obesity charts, is slightly behind Malaysia, with a diabetes incidence rate of 11.0%.  

Continue reading "White Rice Exacerbates Diabetes Threat in Asia Pacific" »

August 8, 2014

The State of Air Travel in the Wake of Tragedy

 

Consumers are on a heightened alert for air travel given the tragedies of the disappearance of Malaysia Airlines Flight 370 and the crash of Flight 17. Although airport security is stricter and flights are avoiding conflict zones, the impact of these tragedies on Malaysia airlines and Malaysia’s tourism industry could be severe. Consumers travelling to Malaysia may choose to fly with different carriers, and travelers in Malaysia may opt for other forms of transportation.  A restructuring or rebranding of Malaysia airlines is imminent, along with a cutback of unprofitable routes.

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Recent Posts

Major Trends in Foodservice and Beverages in Singapore

China Dominates Boom in Emerging Market Patent Grants

Travel Agencies Partnering with Bloggers in Singapore

HBA Global 2014 Recap: First Aid Beauty's Success in South Korea

Who Will Gain Most from Russia’s Food Import Sanctions?

Smaller Packs for Bigger Sales? Part One: Capturing Value in Lower-Income Demographics

Thailand and Philippines: New Hotspots for M-Commerce

Natural Gas – A Cleaner Energy Alternative for China

White Rice Exacerbates Diabetes Threat in Asia Pacific

The State of Air Travel in the Wake of Tragedy