Global Yoghurt - What Next for Functionality?

Functional yoghurt is seeing mixed retail prospects for 2010-2015 according to Euromonitor’s latest research on the global dairy industry.

Growth prospects in Western Europe and North America remain greatly constrained thanks largely to tighter regulations on marketing claims and recent legal action in the USA. However, opportunities remain significant in Latin America, Eastern Europe and Middle East/Africa as consumer demand for health and wellness gains traction and continues to expand.

Global Packaged Food Industry - Is Baby Food Recession-proof?

Global baby food retail values should remain fairly robust in 2010, despite continued economic uncertainty throughout much of the world, increasing more than 4% from 2009.

That said, Euromonitor’s forthcoming update to its global baby food research indicates a mixed picture at national level, with many developed markets struggling while the category becomes increasing reliant on key emerging markets like Brazil, Russia, China and Argentina. Will these markets be able to sustain continued growth?

Global Packaged Food - Are consumers trading up to frozen and chilled food?

While 2009 saw a fillip for canned/preserved and frozen processed food at the expense of chilled items, as consumers worldwide grappled with economic uncertainty and sought out more cost-effective meal solutions, Euromonitor’s soon-to-be updated packaged food research indicates 2010 has seen a swift return to trading back up, either from canned to frozen or from frozen to chilled food.

Datagraphic: Chocolate Confectionery Retail Growth - 2009-2010

Global Pet Care Retail Market Continues Growth

by the Euromonitor Editorial Team.

Euromonitor International’s Pet Care 2011 edition publishes 1 June 2010. Global pet care retail value sales continued to grow in 2009 despite the continued uncertainty in the global economic environment. Major markets like the US, Japan and most of Western Europe maintained respectable retail value gains as pet food reinforced itself as an essential item for consumers. Pet humanisation – and with it premiumisation and health and wellness trends - continue to spread to developing markets.

Mature markets still vital to future chained consumer foodservice growth

by the Euromonitor Editorial Team.

Euromonitor International’s Consumer Foodservice 2010 data is now live in our market research database, Passport.

The economic downturn has hit global foodservice sales hard, with continued expansion in the Asia Pacific region and the Middle East overshadowed by contracting overall demand in the mature markets of North America and Western Europe.

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While emerging markets are expected to dominate growth going forward, with close to 90% of total consumer foodservice value growth to 2014 coming from Asia Pacific and Latin America, the near-term outlook is more complicated for chained players—North America and Western Europe are still projected to account for more than 40% of chained foodservice sales growth over the next five years, necessitating a balanced strategy that combines steady expansion in fast-growing emerging markets with continued innovation in still-crucial developed regions.

2010 Consumer Electronics is Now Live in Our Passport Market Research Database

by the Euromonitor Editorial Team.

Euromonitor International is pleased to announce the publication of the new Consumer Electronics 2010 system, now live on Passport. The global recession crippled economic growth of many countries and dented consumers’ spending in 2009.

Consumer electronics was relatively unscathed as retailers and manufacturers pulled out all stops to arrest the decline.

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World Cigarette Consumption Growth

by the Euromonitor Editorial Team.

Enclosed text:

In 2009, World cigarette sales fell for the first time--by 0.2%. Growth in China fails to shore up world sales in the face of massive tax-driven volume fall of 9% in the world's second-largest volume market, the US.

How can cigarette volumes be so robust when prevalence is falling almost everywhere? Answer: people power. World population growth, particularly in Asia, means that smoking populations rise even where prevalence falls.

Interesting things are coming out of the recession: UK cigarette volumes actually rose in 2009 after a decade of decline because more Brits stayed at home and didn't buy cigarettes abroad--causing a serious volume fall in Spain. British smokers also started buying bulk cigarette multi-packs from supermarkets to save money, though ended up smoking them, thus propelling sales by default.

New Health and Wellness Sales Fuelled by Developing Markets of China, Mexico, and Brazil

by the Euromonitor Editorial Team.

Euromonitor International’s latest Health and Wellness research publishes on 12 April 2010, with insight on key issues like increased regulatory scrutiny and growth opportunities for functional ingredients. Health and wellness has continued to grow in 2009, with minimal impact from the global economic downturn, thanks to sustained consumer demand for healthier eating. Developing markets are also expanding, with China, Mexico and Brazil adding more than US$10 billion each between 2009 and 2014.

 

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• Euromonitor International latest estimates indicate that from 2009 to 2014, consumers around the world will spend an additional US$130 billion on health and wellness food and beverages, roughly equivalent to global projections for total off-trade spending on wine for the year 2014.
• Moreover, Health and Wellness is truly becoming a global consumer phenomenon. While the US will be the single largest contributor to global retail value between 2009 and 2014--adding more than US$27 billion in sales--China, Mexico and Brazil will each add an additional US$10 billion or more.
• Just as the recent global economic downturn proved unable to derail the health and wellness trend, the current hangover will likely only minimally impact sales prospects. Indeed, the spectre of tighter regulations in Europe, the US and elsewhere will have more of an impact on sales performance.

Fresh Food - Developing markets are the primary engine of growth

by the Euromonitor Editorial Team.

Global Fresh Food volumes continued to grow in 2009, with minimal impact from the recent global recession. The developing markets of Asia Pacific and Latin America were the main growth drivers, with particularly strong performances from India, China and Brazil. In the future, these markets will continue to grow in importance, contributing significantly to volume growth through to 2014.

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• Economic growth to boost consumption
  Continued economic and population growth will boost global retail volume gains for fresh food, particularly in the emerging BRIC markets, with India leading the way. With rising disposable income, more and more consumer can afford to buy a wider variety of food, including imported fruits and vegetables.

• Western eating habits limit consumption
  Fresh food is expected to perform the worst in developed markets, particularly in Europe, due to entrenched consumer eating habits towards convenience food. However, growing consumer awareness of the health and wellness attributes of fresh produce will drive fresh fruits and vegetables to grow faster than other fresh food categories.