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December 17, 2014

FOSHU Gives Hint of Life to Japan’s Soft Drinks Market

Hope.LeeAnalyst Insight by Hope Lee - Senior Beverages Analyst

Many soft drinks companies in Japan face gloomy prospects as most categories are expected to continue to decline over the next few years. Despite various economy stimuli, one thing no politician or economist can change is the nation’s ageing population. As staples, soft drinks products require a sizeable consumer base and periodic sales peaks, for example during spells of warm weather, to maintain volume sales. In this highly saturated market the shrinking population is causing volume sales to decline and is a challenge to manufacturers seeking to sustain their businesses. However, the concept of FOSHU beverages has given manufacturers a glimpse of hope in recent years.

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December 14, 2014

Asia Pacific Recap: Key Events that Shaped the Region in 2014

Euromonitor analysts discuss the key events impacting foreign investment, population, tourism, tax rates, social media, politics, consumer confidence and other factors impacting consumer spending trends in Asia Pacific countries moving into 2015. Watch the video for complete insights.

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December 8, 2014

Retail Asia-Pacific Top 500 Awards Ceremony and Gala Recap

On November 10, 2014, Retail Asia honored the largest and most outstanding retailers in the Asia-Pacific region at the Retail Asia Top 500 Awards. Euromonitor's Head of Retailing Research, Daniel Latev was present at the event and talked to some of the high-profile guests about what the main challenges are for retailers in the Asia Pacific region for 2015.

Daniel LatevVideo features Daniel Latev, Head of Retailing Research

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Life in Asia Pacific in 2015

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Life in Asia Pacific in 2015

In 2015, Asia Pacific will be home to more than half of the world’s population. It will represent a combined market of US$11,085 billion, with per capita spending ranging from US$28,849 in Hong Kong to US$617 in Nepal. 4 of the world’s 10 largest economies will be in this region and it will be responsible for 43% of global economic growth next year. But how do ordinary consumers live their lives?

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December 4, 2014

Global Trends in Anti-Agers

Global anti-agers were worth US$25 billion with a value sales growth of 4% in 2013. In this presentation, we can see the performance of premium and mass anti-agers at both a global and Asia Pacific context. Looking at global anti-agers trends, some focus areas of this presentation are the adoption of anti-agers among younger consumers; the development of anti-aging elements beyond skin care products to other sectors such as hair care; and rising presence of anti-agers for men.

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December 3, 2014

Global Trends in Beauty and Personal Care: Opportunities for Future

Beauty and personal care reached US$454 billion in 2013 globally, with Asia Pacific region demonstrating highest value sales. This presentation focuses on performance across categories, and highlights some key beauty and personal care concepts currently prevalent across these countries, including the growth of multi-benefits products, at-home beauty experiences, as well as the dominance of "selfie" trend, and the rise of fashion beauty.

 

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December 2, 2014

Beauty and Personal Care Trends Presented at In-Cosmetics Asia

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Euromonitor Analyst Pei Ying Loh recently had the opportunity to speak at an international trade fair for personal care ingredients, In-Cosmetics Asia 2014 in Bangkok, discussing the latest trends in beauty and personal care, and specifically anti-agers.

The two presentations, entitled Global Trends in Beauty and Personal Care: Opportunities for The Future, and Global Trends in Anti-Agers, highlighted some key trends and how beauty and personal care has evolved globally and in Asia Pacific specifically over the past five years, focusing on consumer preferences and how technology has become a main focus for manufacturers.

Beauty and personal care trends:  Global and Asia Pacific contexts

According to Euromonitor International data, global beauty and personal care was worth US$454 billion in 2013. Within this, 28% is represented by Asia Pacific, achieving the highest value sales, at US$128 billion in 2013.

Anti-agers grew by 4% in 2013, to reach US$25 billion globally, which represents 23% of global skincare sales. In Asia Pacific, anti-agers accounts for the largest share within global anti-agers, with value sales of US$11 billion, and the highest value growth - 76% from 2008 to 2013.  Furthermore, according to Euromonitor International, mass anti-agers have outperformed premium anti-agers in the Asia Pacific region since 2011.

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December 1, 2014

10 Facts about India

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India is a diverse country of sharp contrasts. With the election of Narendra Modi as Prime Minister, business confidence – both domestically and abroad – has returned to India. As China continues its slowdown, India looks set to emerge from its recent spell in the economic doldrums. This reversal of fortunes and increased optimism has seen India move back to the spotlight, with renewed interest in what is set to be the world’s fourth largest consumer market by 2030.

Here are some key facts about this US$1.2 trillion market:

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November 25, 2014

India Planning Outright Ban on E-Cigarette Products

Shane_MacGuillAnalyst Insight by Shane Mac Guill - Senior Tobacco Analyst

An unfortunate trend to the radical regulation of e-cigarettes progressed further today as Reuters reports that the Indian government is considering a total ban on the products. We have written recently on the WHO’s flawed policy stance on e-cigarettes, which fed into a policy position from the 6th Conference of the Parties to the FCTC in Moscow in mid-October, leaving open the option of bans for the products. It is in this prohibitionist context that the proposed measures in India need to be viewed. 

Eon.pngWhile smoking prevalence in India, because of the pervasive use of smokeless tobacco products is relatively low at 6.5%, the sheer size of the population means that there are 52 Indian million smokers, the 3rd largest global smoking population behind China and Indonesia. In total there are some 275 million tobacco consumers in India and the Indian government has been proactively seeking to control all forms of tobacco consumption in the country.

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November 24, 2014

Top 3 Challenges in Reaching the Chinese Consumer

An HodgsonAnalyst Insight by An Hodgson - Income and Expenditure Manager

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With decades of economic growth, rising incomes, over 1.3 billion consumers and a surging middle class with an insatiable appetite for Western brands, the allure of the Chinese consumer market – the world’s second largest – is obvious. But, as many consumer goods companies have recognised at their own cost, China is a tough market to enter, compete and survive in, let alone prosper. Yet, in the face of moderating growth and rising costs, the challenges facing international consumer goods businesses in China will not get easier in the long term.

Annual Real GDP Growth and Household Annual Disposable Income Growth in China: 2008-2020

Source: Euromonitor International from national statistics/Eurostat/OECD/UN/International Monetary Fund (IMF), World Economic Outlook (WEO)

Note: Data for 2014-2020 are forecasts. 

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Recent Posts

FOSHU Gives Hint of Life to Japan’s Soft Drinks Market

Asia Pacific Recap: Key Events that Shaped the Region in 2014

Retail Asia-Pacific Top 500 Awards Ceremony and Gala Recap

Life in Asia Pacific in 2015

Global Trends in Anti-Agers

Global Trends in Beauty and Personal Care: Opportunities for Future

Beauty and Personal Care Trends Presented at In-Cosmetics Asia

10 Facts about India

India Planning Outright Ban on E-Cigarette Products

Top 3 Challenges in Reaching the Chinese Consumer