December 13, 2014

Frozen Products Boost Stagnant Dress-Up Category

Damian ShoreAnalyst Insight by Damian Shore - Contributing Analyst

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“Elsa” dresses seem to be the must-have present for many little girls this Christmas, helping to boost value sales in the dressing-up and role play category – particularly in North America.

More than three million costumes sold in less than a year

Released in US cinemas during late November 2013, The Walt Disney Co’s animated children’s film Frozen has snowballed into a phenomenon among tweens, becoming the fifth-highest-grossing film in history after taking US$1.3 billion at the global box office. Frozen dolls are very popular, particularly Princess Snow Glow Elsa, more than 800 books are currently in print worldwide and The Disney Karaoke: Frozen App has reached number one in the iPad Entertainment Downloads category in over 100 countries, but it is in dressing-up and role-play in traditional toys and games where the brand is perhaps having the greatest resonance.

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December 12, 2014

Holiday Shopping: The Impact on Tech Trends

Pavel_MarceuxAnalyst Insight by Pavel Marceux - Technology, Communications and Media Analyst

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The launch of the festive winter season is a major shopping occasion around the world, but it is also a major testing period for the adoption of new technologies and online platforms. The Christmas and New Year’s period of 2014 is expected to see some consumer trends entrenched, such as social shopping, geo-targeting and digital wallets, while retailers will rely more than ever on the web to attract consumers. More consumers will also buy from handheld digital devices, such as smartphones and tablets, as opposed to conventional computers. However, as the busy festive season kicks off, businesses must be ready to deal with challenges such as web traffic spikes and stronger competition.

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Converting Paper Payments: The Impact of Moving from Cash to Alternatives

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Understanding why consumers are using paper payments is key to converting spending to alternative payment methods. This conversion boosts efficiency though cutting the cost of cash payments, increasing financial transparency. This podcast discusses the cost of shadow cash economies, the financial policy score card, financial services in emerging economies and more insights from the Converting Paper Payments report. 

Download as MP3 (right click on the player and select save audio as)

Kendrick SandsPodcast features Kedrick Sands - Consumer Finance Analyst

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Get more insights in our free mobile payments white paper

 

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Global Energy Consumption – 5 Key Facts

Global primary energy consumption increased by 11.0% between 2008-2013. Watch the complete video for insights into regional and industrial energy trends.

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December 11, 2014

Consumer Electronics Wish List for 2015

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To gauge which devices consumers would buy if they were given US$1000 to spend on electronics, Passport Survey reached out to Euromonitor International’s global network of analysts from 80+ countries.

Overview

Electronic devices such as smartphones, tablets and laptops have become must-have items on holiday wish lists around the world. With so many gadgets in the marketplace – and new ones hitting the shelves every day – deciding which device to put at the top of the list can be a challenge. In order to understand which consumer electronic devices are the most sought after, Passport Survey reached out via Analyst Pulse survey to Euromonitor analysts in over 80 countries with a simple question: what device would you buy if you had an extra US$1000?

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Microwaves and Food Preparation Appliances Booming in India

Thidathip TawichaiAnalyst Insight by Thidathip Tawichai - Consumer Appliances Analyst

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Microwaves and food preparation appliances in India experienced volume CAGRs of 9% and 7%, respectively, over 2009-2014. The absolute volume growth rates of both categories over the last five years posted the second largest volume gains in Asia Pacific after China. There are a few reasons why these food-related appliances are becoming popular in India. The main reasons are driven by the influence of Western food, which is the latest trend, persuading Indian consumers to cook Western food at home. Additionally, Indians like to cook from scratch, driving them to purchase combination microwaves and food preparation appliances to cook more easily using raw ingredients. Moreover, efforts by multinationals, which continue to launch new localised products with the latest technology, also boosted the sales of these products to local consumers. Prospect-wise, it is also expected that these food-related appliances will continue to grow over the next five years due to the faster pace of living among Indian consumers, driven by an increase in double-income families in India in addition to stronger demand among Indians to stay healthy by cooking food at home.

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Is Islamic Fashion Apparel a Missed Opportunity?

Karen Van DiesenAnalyst Insight by Karen Van Diesen

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The Muslim world represents a key consumer base, with underserved needs and rising spending power. There are approximately two billion Muslims in the world, accounting for nearly 30% of the global population. This share of the general population is set to grow even higher, as the number of Muslims is expected to increase at a pace of 1.4% per year globally. Alongside a thriving Islamic economy, there is growing demand for Islamic fashion apparel. In 2013, the 57 countries that belong to the Organisation of Islamic Cooperation accounted for 7% of total value sales of apparel and footwear. By 2018, this figure is forecasted by Euromonitor International to rise to over 9%.

Muslim fashion apparel is a key area that companies should explore. One reason for this is that there has been a change in mind set over the years. Muslims increasingly see clothing as a way of expressing their fashion sense, along with their religious and cultural values. Unfortunately, Islamic fashion apparel offerings have been limited, and there is no single Islamic brand catering to the fashion needs of the Muslim population globally. Thus, there is an opportunity for modern Islamic fashion brands to be showcased.

IslamicFashionv2

Source: Citra Style

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December 10, 2014

5 Key Findings in Consumer Appliances

The latest findings from Euromonitor International’s consumer appliance research team highlights trends in both major and small appliances as well as insights for trade statistics including production, imports and exports.

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10 Facts about Russia

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Russia is never out of the headlines at the moment as a result of the situation in Ukraine and its parlous economic condition. Behind these headlines there lies a huge market of sharp contrasts – Russia is home to Europe’s largest number of high-earning young people, but is also a hugely unequal society. A small proportion of consumers’ budgets is devoted to housing, but consumer expenditure on tobacco has increased sharply. Russia has a huge land mass but a woefully inadequate road network.

 

Here are some key facts about this US$1,038 billion market:

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Multicultural Beauty: Eryca Freemantle on Women of Colour

Oru_MohiuddinAnalyst Insight by Oru Mohiuddin - Senior Beauty and Personal Care Analyst

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Euromonitor International is pleased to present an interview with Eryca Freemantle, a global industry intelligence expert, a TV producer and presenter, and an award-winning international celebrity make-up artist, specialising in corrective make-up. Eryca sits on the board of Panel of Experts at the London College of Fashion and is an advocate for multicultural beauty, actively engaged in organising expos and trade fairs. She also serves as a consultant for multinational brands looking to enter the beauty market in Africa. She regularly appears on leading television channels, including Bloomberg and CNN speaking about the expanse of multicultural beauty.

Eryca Freemantle

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