August 15th, 2002
Growth in the global wine market continues to be driven by increased consumption of New World wines, whilst traditional producing countries struggle with declining exports. As the international market becomes increasingly consolidated and brand focused, it is established multinationals that are reaping ever higher dividends.
August 14th, 2002
Euromonitor is pleased to announce the publication of World Economic Prospects (3rd Edition). This book is a guide to market conditions in 52 countries world-wide. It examines the current of a market, the outlook for short-term growth, political stability and risk, and Euromonitor’s overall evaluation of a country’s market prospects. It is an important reference for analysts who must make decisions about tomorrow’s economy today.
August 7th, 2002
Although in 2001 value sales of beer continued to fall manufacturers were able to take solace in the fact that overall volume sales were up by 2%, thanks largely to the influence of the domestic economy segment. Happoshu the low malt, low priced quasi beer had succeeded in raising overall consumption by offering reasonable tasting and more importantly a cheaper alternative to standard beers.
July 29th, 2002
America’s largest confectionery company is up for sale and speculation is rife over which of its competitors might acquire it for an estimated US$10 billion. Nestlé, Kraft and Cadbury Schweppes have all been touted as potential suitors, with Mars almost definitely ruled out by anti-trust legislation. The move is likely to affect Pfizer’s sale of Adams, which might sell for less than the expected US$4 billion if there is less competition to purchase it, and might encourage Mars to acquire smaller confectionery interests to bolster its share of the US market.
July 29th, 2002
Today sees the publication of a brand new book World Consumer Lifestyles Databook: Key Trends from market research and business publisher, Euromonitor. It has a huge range of valuable, but hard to find lifestyle data for 70 countries, including eating and drinking habits, spending patterns and lifestyle choices.
July 26th, 2002
The recent announcement by Novartis of its intention to sell off its health and functional food operations and focus on its core healthcare business has sparked interest across the food and beverage industry. The divestment of brands “whose growth can be accelerated in companies where there is a good strategic fit”, has resulted in a slew of potential suitors keen to snap up one or more brands for their own portfolios.
July 10th, 2002
From its marginal presence even as late as the 1960s, lager has become the mainstay of the British beer drinker, accounting for 65% of the market in 2001 and being the only sector to report positive growth. Paradoxically, the very popularity of foreign lager in the UK has led to a large proportion of it being brewed domestically as opposed to being imported.
July 2nd, 2002
Cadbury Schweppes announced on Friday the acquisition of the branded chewing gum business of Dandy A/S for €310 million. Danish company Dandy, wholly owned by the Bagger-Sørensen family, boasts core brands Stimorol, Dirol and V6, which together accounted for almost 4% of global sales of chewing gum in 2001
June 24th, 2002
With sales amounting to US$11.2bn in 2001, the Asia-Pacific region scoops the lion’s share of skin care sales globally, accounting for over 37% of the overall market. Following the economic repercussions of the Asian financial crisis of 1997-1998, the region’s sales of all personal hygiene and cosmetic articles have made a strong recovery, although suffered a 3.5% decline last year due to economic recession in Japan.
June 24th, 2002
The Japanese market for pets and associated products is estimated to exceed the ¥800 billion level in 2002 with pet food products accounting for almost half this sum. 2002 however stands as a watershed year for the Japanese pet food industry as year-on-year sales increases fuelled by the decade long ‘pet boom’ of the 1990’s quickly subsided.