Asia Pacific

Ice cream is expected to register moderate constant value growth and modest volume growth in 2023. The extent of volume growth will also be dependent on high temperatures are during the summer. Inflation is expected to still be an issue, though its…

While gum is expected to register a slight increase in constant value sales, in spite of high inflation, volume sales are expected to fall. Gum is gradually losing popularity and it increasingly gets bad press. It is seen as being bad for the…

Chocolate confectionery is expected to register healthy volume and constant value growth in 2023, despite continuing economic uncertainty. Azerbaijan’s high energy export revenue should protect the economy to an extent. That being said, inflation is…

Skin care packaging continued to record a healthy unit volume sales increase in Vietnam in 2022, with its leading pack type – squeezable plastic tubes – also continuing to grow. This pack type is popular thanks to being lightweight, durable and…

In addition to being a staple at large social gatherings such as weddings and parties, wine is traditionally among the alcoholic drinks most commonly consumed when Azerbaijanis come together with friends and family in smaller numbers in private…

Cigarettes still dominate the tobacco category in Uzbekistan, with 2022 achieving a more positive trend in retail volume sales compared to the previous year. This was fuelled by organic population growth, with the number of adults of legal smoking…

In January 2023, the Legislative Yuan passed the third reading of the most anticipated amendment of the Tobacco Hazard Prevention Act. The amendment includes raising the smoking age to 20 years of age, increasing the proportion of warning pictures…

Vodka continues to be the dominant product area in overall spirits, still accounting for close to 90% of spirits sales in total volume terms in 2022. This means that the dynamics in vodka generally determine the performance of overall spirits, with…

In 2023, snacks sales completely recovered from the impact of COVID-19 pandemic but faced a new set of challenges, namely inflation. Global inflation and currency depreciation caused prices to skyrocket. With prices of gas, electricity, raw…

E-vapour products made a strong rebound in 2022 following the negative impact of the COVID-19 pandemic. Supply issues were common in 2020 leading to shortages and, consequently, price rises. This led to consumers searching for cheaper options.…

RTDs continues to be among the smallest alcoholic drinks categories in Azerbaijan, with young adult consumers as its main target audience. Traditionally, the category has been perceived as an affordable way to drink and, in 2022, it received a new…

Although the tax burden is reducing, the Philippines remains ‘mostly unfree’ for economic freedom and geopolitical tensions are growing. Solid remittances helped the economy to outperform peers and infrastructure upgrades could support output…

Cigars and cigarillos are considered niche products in Uzbekistan as they are not as widely consumed as regular cigarettes. They are typically sought out by those seeking luxurious and prestigious items, with many purchased as gifts or for special…

Cigars and cigarillos have achieved steady growth as consumers increasingly choose to consume more sophisticated products. While cigarillos face lower taxes than cigarettes, they are the same price as cigarettes making them an attractive option to…

Following a period of decline, retail volume sales of cigarettes showed a more positive trend in 2022. This was supported in part by a rise in the Uzbek population as well as a rise in immigrants from Russia. The war in Ukraine led to the…

The Taiwanese authorities continue to be active in discouraging the usage of tobacco products via both health campaigns and enforceable restrictions that limit consumers’ smoking occasions. Moreover, under new laws the legal smoking age will be…

Cider/perry posted only marginally positive growth in 2022 as its recovery after the steep decline seen in sales in 2020 seemed to run out of steam. Following the double-digit decline in 2020, cider/perry showed a modest rebound in volume sales terms…

Ageing, urbanisation and generational shifts shape China's demographic landscape. The number of seniors is projected to witness a substantial increase by 2040 while life expectancy grows and birth rates remain at all-time lows. Being the largest…

In 2022, beer showed a positive trend, with total volume sales recording a modest increase, driven by a strong performance in the on-trade. The recovery of the market due to the restoration of tourist flows as well as a generally more stable…

As society fully reopened with the lifting of COVID-19 restrictions, beauty and personal care packaging unit volume sales increased in the Philippines in 2022 after its performances in the previous two years had been negatively impacted by the…