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September 29, 2014

Why do Consumers Prefer Local Products?

Daphne KasrielAnalyst Insight by Daphne Kasriel-Alexander - Consumer Trends Consultant

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“Think globally, act locally,” long the maxim for successful politics stressing a preference for all things local, is emerging as a global trend. Consumers are looking for locally-sourced produce and are interested in regional foods and tradition. For some, the "local" label is becoming a stronger buying criterion than “organic”.

Among other things, the propensity for all things local indicates consumer anxieties. In the political arena, it expresses a local outlook seeking to return to traditional regional and ethnic communities, and in culture there is a growing revival of local music, old dialects and languages. 

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Health and Wellness: Global Performance in 2014

Health and Wellness Global Performance

2014 is a year of revived growth for the health and wellness (HW) industry, and attest to personal health and wellness goals being amongst the first to be met after a period of economic uncertainty. Global HW sales saw 6.5% growth over 2013-2014 to reach sales of US$774 billion. Emerging markets are key growth markets. Over the 2014-2019 forecast period they are expected to generate 86% of new sales.  Two big movements towards natural and functionality form the core of consumer demand.

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Highlights in Health and Wellness in 2014

New HW slides

2014 is a year of revived growth for the health and wellness industry, and attest to personal health and wellness goals being amongst the first to meet after a period of economic uncertainty. As such healthy food and beverages are once again outperforming their non-health and wellness counterparts. Two big movements towards natural and functionality form the core of consumer demand, yet it is the trusted physiological benefits such as energy boosting and specific food properties including lactose and gluten free that witness most growth.  

Download key highlights from Euromonitor’s 2014 Health and Wellness Research

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September 28, 2014

Health and Wellness: Trends in 2014

Globally, the health and wellness industry saw 6.5% growth between 2013-2014, reaching US$773 billion in total sales.  Important differences in consumer demand remain between emerging and developed markets, however.  Watch this video for more insights.

Emerging Markets Driving Income and Expenditure

In the long term, global income growth will be led by emerging markets. India, China, Nigeria, Vietnam and Indonesia will be among the top countries with the fastest income growth globally. Considering that emerging markets are home to over 85% of the global population, income growth, lessening inequality and an expanding middle class provide ample opportunities to consumer goods companies.

An HodgsonVideo features An Hodgson - Industry, Infrastructure and Enviroment Manager

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September 27, 2014

Dawn of a New Era: The Unstoppable Rise of Digital Play

Utku_TanselAnalyst Insight by Utku Tansel - Head of Toys and Games Research

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Euromonitor International attended the second World Congress of Play in San Francisco on 8-10 September 2014, which brought the world’s leading diverse play companies together. Presenting at this key industry event for the second year running, I made a “Global Trends in Play: Consumer Fundamentals Falling into Place” address, focusing on some of the key findings from Euromonitor International’s latest global research, looking into the performance of traditional toys and games, video games and digital gaming, providing data as well as commentary.

Among others, one key trend that emerged at the congress was the unstoppable rise of digital gaming in the overall play industry. In 2013, digital gaming, a combination of PC/console game downloads, online games and mobile games, was the most dynamic category in overall toys and games globally, recording over 12% growth in value terms. The increasing penetration of smartphones and tablets, an improved gaming experience on these devices, as well as new game launches, all contributed greatly to the category’s phenomenal performance. Alongside the arrival of much anticipated next-generation console launches (Xbox One and PS4), digital gaming’s dynamism was one the main facilitators helping the global video games market to record a positive performance for the first time since 2009. 

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September 26, 2014

Top Global Brewers Looking for a Consolidation Move

The SABMiller bid for HeinekenNV has reignited the possibility for major consolidations in the global beer market, which hasn't seen much movement in that direction over the last few years. This bid was a defensive action against the expected move by AB-InBev to buy SABMiller in the future. If that purchase occurs, then AB-InBev would control nearly a third of the global beer market. No matter what happens next, the next few years will be an exciting time for global beer players.

Amin AlkhatibVideo Features Amin Alkhatib - Alcoholic Drinks Analyst

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September 20, 2014

Veal: Evolving from “Cruel Meat” to Ethical Choice

Simone_BarokeAnalyst Insight by Simone Baroke - Contributing Analyst

The veal market is undergoing a slow but unstoppable revolution. There is a move away from age-old clashing viewpoints, which saw an unquestioning consumer acceptance of outdated animal rearing practices in traditional veal consuming countries on the one hand, and the outright rejection of veal as “cruel meat” in others. In line with rising animal welfare concerns, traditional veal eaters are starting to modify their expectations, while former veal rejecters are gradually getting used to the idea that veal can be produced humanely, and also that choosing veal represents a step towards sustainability.

Of crates and anaemia

Not all that long ago, from the standpoint of animal welfare watchers, eating veal was regarded just as abominable a culinary habit as the consumption of foie gras. However, unlike the latter, good-quality veal can indeed be produced without undue animal suffering. Great strides have been made in that direction over the last decade, and efforts are still ongoing.

A major milestone was achieved in 2007, when the EU finally outlawed the infamous veal crates, originally designed to restrict the animals’ movement in order to keep their muscles soft. In the US, although still legal, veal crates are used less and less, and the American Veal Association plans to phase them out by 2017.

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September 19, 2014

Going Green Unlikely to Significantly Boost Western Europe’s Bottled Water Market

James MaddockAnalyst Insight by James Maddock - Packaging Analyst

Western Europeans love bottled water: in 2013 they drank over 45 billion litres of it. However, while it may be a valuable product to producers and packagers alike, the truth is that growth in per capita consumption rates are expected to slow over the forecast period. Packagers and/or brand owners will be hoping that breakthroughs in eco-friendly packaging will help to arrest this slowdown in demand, but successfully accelerating growth is likely to take more than this.

Growth in demand to slow in Western Europe

In 2013, Western Europe had the highest per capita bottled water consumption of any region, with only North America coming close. This high level of average annual consumption, which stood at approximately 93 litres in 2013, drives demand in the region, a sharp contrast with Asia Pacific. Asia represents a bigger overall market, but demand comes from a far greater number of individuals consuming at about one fifth of the levels that their Western European equivalents do. The bad news for packagers and producers alike is that growth in per capita consumption is expected to slow over 2013-2018, with North America set to overtake Western Europe as the region with the highest consumption rate by the end of the forecast period.

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September 18, 2014

Top 5 Manufacturing Economies: What Challenges Are They Facing?

An HodgsonAnalyst Insight by An Hodgson - Income and Expenditure Manager

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Four of the top five countries in terms of total manufacturing production are developed economies, with the exception of China whose impressive manufacturing might was built upon a pool of low-cost labour. Altogether the top five manufacturing countries accounted for 66.0% of global manufacturing output in 2013. Despite their dominance, each of the top five manufacturing powerhouses is facing a set of unique challenges that could change the future global manufacturing landscape. Understanding the challenges facing these top manufacturing economies can help businesses plan strategically as well as identifying long-term opportunities.

Top 5 Countries in Total Manufacturing Production: 2013

Source: Euromonitor International from national statistics/UN/OECD

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Recent Posts

Why do Consumers Prefer Local Products?

Health and Wellness: Global Performance in 2014

Highlights in Health and Wellness in 2014

Health and Wellness: Trends in 2014

Emerging Markets Driving Income and Expenditure

Dawn of a New Era: The Unstoppable Rise of Digital Play

Top Global Brewers Looking for a Consolidation Move

Veal: Evolving from “Cruel Meat” to Ethical Choice

Going Green Unlikely to Significantly Boost Western Europe’s Bottled Water Market

Top 5 Manufacturing Economies: What Challenges Are They Facing?