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August 11, 2014

Strengths and Opportunities within the Markets of the Future

Euromonitor's Markets of the Future reports highlight 20 countries with the most promising economies in Africa, the Middle East, Asia and Latin America. The reports help you find viable targets for future investment, providing a wealth of insights into markets where research is hard to find.

Watch the video to see some of the highlights of these market's strengths and opportunities. 

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July 24, 2014

Internationalisation and Global Markets Prospects for Vitamins and Dietary Supplements

Federsalus-Sample-Slide

Euromonitor International was present at the Annual FederSalus Convention in Milan on 26th June 2014, when Filippo Battaini, Retail Analyst, delivered a presentation entitled ‘Global Opportunities and Prospects: Countries, Products and Channels’, focused on an overview of the geographical markets  that show the most opportunities and that Euromonitor International sees as the best performing for vitamins and dietary supplements, including South East Asian middle economies, China, Russia and United Arabs Emirates. The presentation also includes an analysis of the main distribution channels in these regions and the opportunities that multichannel retailing, online retailing and direct selling can offer, with concrete examples of how companies have entered and operates in these markets. The presentation was delivered to an audience of about 100 representatives of leading pharmaceutical companies. Speakers at the event included delegates  from the Italian Ministry for Economic Development, consultancy firms KPMG and Bain & Company, law firms and the Milan Chamber of Commerce.

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July 23, 2014

White Paper: China Overtakes the USA as the World's Largest Economy

250_chinaVsUS-v1.0An economic milestone is expected to occur in 2014 with China likely to overtake the USA to become the world’s largest economy in Purchasing Power Parity or PPP terms.

Download-Now-final

China and the USA may be economic rivals but beyond the headlines divergent trends in both countries are apparent. Everything from living standards, consumption patterns, the business environment, productivity, retail and travel markets differ in China from the USA.  Similarities are there with income inequality an issue in both countries and both are leaders in the development of renewable energy technologies, manufacturing production and, less auspiciously, pollution.

Our analysts have identified the key weaknesses and strengths of the two superpowers across a wide range of industry sectors and in terms of economics, demographics, consumer trends and the business environment.

 

 

 

Key Facts:

  • As the world’s two largest manufacturers, China and the USA lead in global energy consumption and pollution, with China overtaking the USA in 2010 to become the world’s biggest energy consumer.
  • China is set to overtake the USA in 2014 in terms of international travel and knock Germany off the top spot in 2017 to become the largest outbound source market with 105 million outbound trips.
  • By 2018, USA’s beauty per capita spending is expected to increase to US$240, approximately five times higher than China’s projected per capita spending of US$50. The success of local beauty and personal care players in China has led to brands such as Garnier and Revlon pulling out of the country.
  • In 2002, China overtook the USA to become the leading beer market in terms of volume sales. However, China still has some way to go before it can claim to be the world’s biggest beer market by value.

 

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China Overtakes the US as the World's Largest Economy

China is set to overtake the US as the world's largest economy in 2014, with a significant impact on consumers and industries. Learn which industries will be the most affected and why by watching this video and downloading Euromonitor's latest whitepaper.

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July 18, 2014

The Evolution of Loyalty Programmes in the Travel Industry

Travel Loyalty

The travel industry continues to leverage loyalty programmes to develop deeper relationships with travellers and ultimately revenue.  While all travel industry loyalty programmes continue to evolve, the US legacy airlines are in the midst of a radical transformation to reward their most lucrative travellers. Hotels are also enhancing their elite benefits to lock down loyalty. This brief looks at the changes happening within airline and hotel loyalty programmes with an eye to what the future holds.

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July 15, 2014

New Survey Results Illustrate Global Beauty and Personal Grooming Habits

250_personalAppearances-v1.1Consumers worldwide spend a considerable amount of time, effort, and money on improving their external appearance. According to our data, global sales of the skin care market totaled over US $107 billion in 2013 and the hair care market totaled US $77 billion.  We expect both industries to grow over 20% between 2014 and 2018, which fuels the argument that consumers are willing to pay for products that help them look their best.

The grooming habits and style of each consumer have a huge impact on the range of beauty and personal care products, apparel and accessories they choose to buy.  Therefore, it is important for companies and retailers in those respective industries to understand the attitudes and grooming preferences motivating customers when they visit the shopping mall, drugstore or online retailers.

Earlier this year, our Survey team polled over 6,600 consumers in over 16 different countries, asking respondents a range of questions related to their attitudes towards style and appearance, grooming habits, purchase frequency and responsibility, and approach to the buying process.   Understanding these consumer preferences and behaviours helps companies and brands better identify trends and target key consumer segments, whether determined by gender, region, or even level of effort put into external appearance.

For example, China represents the only market in which respondents favored stylish over practical clothing, according to the survey results.  Chinese online consumers are also more likely to shop at luxury boutiques than at discount stores and prefer to wear brand-name clothing and shoes. 

“Understanding consumers’ style and their beauty and personal care routines enables companies to develop enticing products that better fulfill buyers’ needs,” explains Survey Manager, Eileen Bevis, “This latest survey also helps companies and brands better understand a customer’s path to purchase, offering opportunities to create strategic marketing plans.”

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July 9, 2014

The Contemporary Landscape for Dishwashers and Detergents

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Although both dishwashers and automatic dishwashing remain very limited to the most developed markets of North America and Western Europe, there is evidence that these categories are showing some signs of spreading their wings and moving into new territories – namely developing markets. While the Turkish market suggests the future success of the ADW market perhaps rests on the ability of appliance and detergent manufacturers to act in unison rather than unilaterally.

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July 8, 2014

Soft Drinks New Product Development in 2013/2014: Proliferation of Choice

Soft-Drinks-NPD-Sample-Slide

New product development has never been more important to the soft drinks industry, with manufacturers seeking to reignite stagnant categories in developed markets while introducing new, on-trend products for emerging market consumers. This brief profiles examples of important global new product development across five beverage categories, examining the key consumer trends driving successful new packaged beverage products.

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Suntory Holdings Ltd (Beam Suntory) in Spirits

Suntory-Sample-Slide

Suntory’s surprise takeover of Beam in April 2014 has created the world’s sixth biggest spirits company. Although not currently showing in Euromonitor International data, this profile will look at Suntory’s new spirits division, Beam Suntory (as it will be known throughout the profile), and as it has inherited Beam’s strengths and weaknesses the profile will examine how well placed the new company is to grow.

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July 3, 2014

Corporate Strategies in Consumer Foodservice: A Year Of Change

Foodservice-GB-Sample-Slide

After years of consistency in the central trends driving growth in foodservice, 2013 saw some changes. Consumer preferences changed in many key markets, with the global growth story shifting to new areas of focus, categories evolving in new directions, and operators being forced to take a new look at their positioning and expansion plans, and adapt accordingly.

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Recent Posts

Strengths and Opportunities within the Markets of the Future

Internationalisation and Global Markets Prospects for Vitamins and Dietary Supplements

White Paper: China Overtakes the USA as the World's Largest Economy

China Overtakes the US as the World's Largest Economy

The Evolution of Loyalty Programmes in the Travel Industry

New Survey Results Illustrate Global Beauty and Personal Grooming Habits

The Contemporary Landscape for Dishwashers and Detergents

Soft Drinks New Product Development in 2013/2014: Proliferation of Choice

Suntory Holdings Ltd (Beam Suntory) in Spirits

Corporate Strategies in Consumer Foodservice: A Year Of Change