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April 24, 2014

UK Tea Tastes Turn Premium

Dana LaMendolaAnalyst Insight by Dana LaMendola - Beverages Analyst

Despite the UK’s declining tea sales, which decreased by 8% in retail volume terms between 2008 and 2013, retail value growth has remained steady, increasing by 1% in real growth over the same period. The inverse volume and value growth indicates that while Britons are drinking less tea, their choices are becoming more premium. In addition to the increasing popularity of tea types like green tea and fruit and herbal teas – which carry a higher price tag than traditional black standard tea, premium tea brands are also on the rise.

Shifting Tea-Type Preferences

The premiumisation of British tea culture is evident in the increasingly popularity of different tea types. Black standard tea, the most traditional and inexpensive type of tea in the UK, decreased by 9% in retail volume between 2008 and 2013, accounting for nearly the entirety of the category’s overall volume decline. In contrast, alternative tea types such as green tea, fruit/herbal tea, and other teas which include white teas, oolong tea, and rooibos, each recorded double digit volume growth over the same period. These different variants are priced much higher than standard black teas. Fruit and herbal teas, which recorded the highest absolute volume growth between 2008 and 2013, are also the most expensive type of tea, with an average unit price of nearly six times that of black standard tea.  

Retail Volume Growth by Tea Type, 2008-2013

Source: Euromonitor International

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April 23, 2014

Procter & Gamble Selling Pet Food Brands to Mars is a Win for both Companies and Consumers

 

Procter and Gamble selling its pet care brands to Mars, Inc. is a smart move for both companies. Not only has P&G faced share erosion in recent years, but it also recalled several pet food brands in 2013. Mars, on the other hand, already has strong brand identity, a history of integrating new products into its existing product portfolio and has taken their brands into emerging markets, something P&G failed to do. This move is also a win for consumers, who should benefit from added competitiveness in the pet food market.

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April 22, 2014

Catering to the “Golden Traveller” – Accessible and Respite Tourism

 

The global population is ageing, with 10 percent of the population reaching the age of 65 by 2018. To cater to this ageing population, travel and tourism companies need to take extra steps including having medical staff on a tour as a precaution and to offer peace of mind for older travelers. Need-based travel offers tremendous potential for tourism companies as it caters to groups that rarely travel at all.

Golden Travel Companies

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April 21, 2014

Euromonitor Awarded Queen's Award for Enterprise: International Trade

QueensAwardInternationalTradeWe are pleased to announce we have been awarded the Queen’s Award for Enterprise, the UK’s most prestigious business award. Euromonitor received The Queen’s Award for Enterprise: International Trade due to its substantial international sales growth of 155% over the past 6 years.

“This success is attributed to our high quality research from our 1,000 analysts around the globe, strong relationships with existing customers and committed staff in our 12 offices,” said Euromonitor Founder Robert Senior. 

The Queen’s Awards provide an opportunity to celebrate outstanding business throughout the United Kingdom.  The awards are made annually by Her Majesty Queen Elizabeth, and are only given for the highest levels of business excellence.

“In 2013, we expanded our sales into 106 countries worldwide, opened our twelfth office in Brazil, and won the HSBC/PWC’s Private Business of the Year Award,” said Senior. “I am tremendously proud of our employees and their efforts in making the company such a success.”

April 20, 2014

Status - The State of Global Automatic Dishwashing

The State of Global Dishwashing

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Automatic dishwashing consumption is very much concentrated in developed markets, where value growth has been sluggish. In emerging markets urbanisation combined with growing numbers of women in employment appear to have introduced a scenario where automatic dishwashing may be more acceptable if not affordable. While opportunity does exist tapping into these markets will be no easy task, although rewards will be great if broader acceptance can be fostered amongst this growing middle class.

 

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April 19, 2014

Dishwasher Manufacturers Must Educate to Penetrate New Markets

Jamie_KoAnalyst Insight by Jamie Ko - Head of Consumer Appliances

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Dishwashers remained the smallest category in major appliances in 2013, accounting for a mere 4.4% share of overall volume sales. It is also a category in which average unit price, at US$609, is significantly higher than in major appliances as a whole (US$444). Dishwashers are generally not perceived as an everyday necessity, but rather as a luxury item in the kitchen. So, why do appliances with similar washing and cleaning functionality but for different items enjoy such a contrasting degree of popularity? That said, over the forecast period Euromonitor International predicts a credible volume CAGR of 3.6% for dishwashers globally.

Expenditure Per Household on Dishwashers by Region and Growth, 2008-2018

Source: Euromonitor International

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China’s Rail System Drives Global Transport Growth

The global transport sector will grow by 29 percent from 2014 to 2017 with a majority of this growth coming from China’s road and rail industries as a result of a Chinese government stimulus program specifically for infrastructure improvements. In the coming years, China’s main transportation system will continue to be roads but the consistently improving rail system has higher punctuality, lower prices and comfort. By 2017, Euromonitor predicts China’s rail industry to reach sales of US$ 124 Billion and become the largest in the world.

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April 18, 2014

Role of Internet in Travel Plans of Global Online Consumers

The Role of the Internet in Travel

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An exploration of the role of the internet in travel plans of online consumers. Based on the results of Euromonitor International’s Out and About survey (2012) and Euromonitor industry research.

 

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April 17, 2014

Western European Phosphate Ban to Reward Innovative Formulations

Anaïs_MirvalAnalyst Insight by Anais Mirval - Ingredients Analyst

The 2010 phosphate ban in North America forced manufacturers of automatic dishwashing detergents to move away from sodium triphosphate, and this has not been without consequences. The performance of automatic dishwashing products has declined and the habit of using cheap automatic dishwashing powders and liquids is very much alive. Consumers are trading down while also adding automatic dishwashing additives to their shopping trolleys.

However, the impact of the 2017 phosphate ban in Western Europe could take another direction. With a wide range of new performing builders now available on the market, Western Europeans may not trade down and sales of automatic dishwashing detergents could even increase. Thus, glutamic acid diacetic acid tetrasodium salt (GLDA), methylglycine diacetic acid trisodium salt (MGDA) and trisodium citrates (TSC, TSA) are very much in line to benefit the most from the ban, even though product manufacturers remain sceptical about the potential of newly developed ingredients. 

Consumption of Automatic Dishwashing Detergents

Source: Euromonitor International

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Scenario Analysis of a Successful Modular Phone Project

MykolaGolovkoAnalyst Insight by Mykola Golovko - Senior Consumer Electronics Analyst

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On 15 April, Google Inc held its first of three planned developer conferences for Project Ara developers. The project is still in its early stages, with some of the most important issues set to be addressed in autumn 2014. The project timeline puts the phone’s launch in January 2015, but with things like regulatory and carrier certification, manufacturing and supply chain management, after market support, and OS support for a modular design still in the future, it is impossible to make any forecasts about the project’s commercial success and unit sales with any degree of certainty. What is clear is that any increase in ownership of modular phones will have an adverse effect on aggregate smartphone demand

 

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Recent Posts

UK Tea Tastes Turn Premium

Procter & Gamble Selling Pet Food Brands to Mars is a Win for both Companies and Consumers

Catering to the “Golden Traveller” – Accessible and Respite Tourism

Euromonitor Awarded Queen's Award for Enterprise: International Trade

Status - The State of Global Automatic Dishwashing

Dishwasher Manufacturers Must Educate to Penetrate New Markets

China’s Rail System Drives Global Transport Growth

Role of Internet in Travel Plans of Global Online Consumers

Western European Phosphate Ban to Reward Innovative Formulations

Scenario Analysis of a Successful Modular Phone Project