Emerging Markets Drive Global Pet Care Retail Sales

 

 

 

 

 

 

 

 

 

 

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Euromonitor International’s Pet Care 2013 edition publishes 4 June 2012. Global pet care retail values continue to grow, with emerging markets driving sales as pet humanisation continues to spread. More mature markets like the US and Western Europe have seen milder retail gains. The troubles in the Eurozone and mounting economic uncertainty have cast a shadow on some countries. Nevertheless, global pet care remains buoyant as more consumers realize the benefits of a healthy diet for their pets. 

 

Premium Fragrances Outshine Other Beauty Segments

 

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Premium fragrances outshone all other premium categories, with an absolute growth contribution of 35% of total premium beauty in 2011, compared to 30% and 15% for premium skin care and premium makeup respectively. While Western Europe remains the largest spender on luxury scents, it was North America that saw the most exceptional growth, the highest on record in the last decade. Greater demand for exclusivity and unconventional fragrances were at the core of this successful performance.

 

Western Europe: A General Lack of Concentration

 

 

 

 

 

 

 

 

 

 

 

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Concentrated liquids represent the most modern face of laundry care. This format dominates the US whilst in Western Europe the change from standard products to concentrates and from powder to liquids is developing apace. With compaction ratios increasing, the emergence of Tide PODs in the US in 2012 hints at a new era likely dominated by monodose multifunctional and super concentrated products, a format which to date has only taken in the somewhat idiosyncratic UK market. 

 

Datagraphic - Debt: The Developed, Developing Dichotomy

Debt (external and public) has been cited as a central factor dragging global economic growth down between 2008 and 2012. Following the 2007/2008 global financial crisis a major imbalance in debt levels between developed and developing economies emerged. High debt levels in developed economies have stifled growth as consumer expenditure, investor confidence and employment have declined, while lower levels of debt in developing economies have supported stronger growth.

Debt Levels in Selected Countries



Note: External and public debt figures for India and Brazil are equivalent.

Incontinence Drivers

 

 

 

 

 

 

 

 

 

 

 

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Incontinence is the ‘key driver’ of the hygiene industry in developed markets. A heady mix of high income levels, ageing populations and now an era of  austerity, which has seen health care expenses increasingly pushed back onto consumers, have all helped to drive lucrative retail sales. Future growth, however, will be found in the developing world, where incomes are rising and large populations see the number of elderly far in excess of what we have witnessed to date.

 

Sunscreens: Trusted Ingredients Expand Their Horizons

Consumer awareness of the potentially adverse effects of sun exposure has never been higher and there is rising demand for products that can offer protection. Sunscreen ingredients are, therefore, attracting considerable attention, not only from the sun care market but also from other personal care categories, such as skin and hair care. This report assesses global sunscreen trends, looking at market sizes and segmentation and exploring some of the drivers impacting usage and development.

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Growth in Premium Beauty Outperforms Mass

 

 

 

 

 

 

 

 

 

 

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Premium beauty continued its upward growth curve in 2011 and almost caught up with the mass market globally. While double-digit increases were maintained in the prominent markets of China and Russia, the most remarkable performance was that of the US with premium growth outperforming that of mass by a respectable margin. Traditionally strong premium markets like France showed less dynamism, while Japan continued to struggle, with sales of both premium and mass equally unappealing.

 

Gardening Grows in Popularity

Initial findings in Euromonitor International's Home and Garden system reveal that gardening proved resistant to declines in consumer spending that affected many developed economies in 2011, making it the sole growth category in several of Western Europe's home and garden markets. Ageing populations, the rising popularity of outdoor living, and trends like 'grow-your-own' all contributed to growth in the gardening market of countries where slow economic recovery continues to constrain consumer spending in homewares and home furnishings.

 

Developed Countries Remain Highest Spenders in Home and Garden Market

Euromonitor International's newest system, Passport: Home and Garden reveals while emerging markets are making up ground, developed countries remain by far the highest spenders on home and garden products. Higher levels of urbanisation and incomes, combined with greater access to a wider range of goods and services in cities, are key factors underpinning demand.

 

Tissue and Hygiene: Post Recession Private Label Development

 

 

 

 

 

 

 

 

 

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Private label was a clear winner during the financial crisis as consumers sought to cope with a new era of austerity. While private label penetration has been most evident in Western Europe, there is a growing indication that these products are on the cusp of a boom in the developing world. Perhaps the most surprising aspect of this impending growth derives from the fact that it is local retailers rather than the big multinationals which are promising a larger number of these products.