Asia Pacific

Technological advances in 2024 will continue to reshape consumer behaviour. This annual report explores the top five digital shopper trends that will redefine commerce the most in the year ahead. Some of the trends included in this report’s edition…

The global wheat market in 2023 has seen a recovery in supply, following tight global supply and skyrocketing wheat prices in 2022 resulting from the onset of the war in Ukraine. Increased wheat exports from Russia, readjustments of supply chains and…

In 2022, the distribution of vegetables was adversely affected by the ongoing impact of pandemic-related restrictions in China, resulting in disruptions to various purchasing channels, including foodservice and institutional establishments, and…

In 2023, the performance of sugar and sweeteners, like other fresh food categories, is being influenced by the post-pandemic scenario, leading to reduced home consumption and an increase in foodservice volumes, with the latter driving overall demand.…

In 2023, as local consumers return to more normal lifestyles, total volume sales of starchy roots are starting to recover from the previous year’s disruptions when pandemic-related restrictions in China were still in place, which negatively impacted…

In 2022, total volume sales of pulses declined due to disrupted logistics caused by the ongoing impact of the pandemic in China and shortened operating hours for physical foodservice establishments, with this channel holding considerable share of…

Overall demand for nuts in 2023 remains fairly stable and above pre-pandemic levels across all three channels. While retail drives overall demand for nuts in China, foodservice is the more dynamic performer in 2023 as it has strongly rebounded from…

In 2023, both the retail unit price and retail volume sales of meat have been experiencing declines in China. The primary reason for the decrease in retail volumes is the gradual return to normalcy in consumers' lives. The cancellation of China’s…

In 2022, fruit prices experienced significant growth, due to rising transportation costs and reduced output, while the weather was also not favourable for fruits towards the end of the review period due to cold and rainy weather in the spring and…

Following the lifting of China’s “zero Covid” policies, local consumers are gradually returning to their pre-pandemic lifestyles in 2023. As they resume their normal routines, the time spent at home is declining, resulting in retail volume drops for…

With the lifting of China’s “zero Covid” policies, local consumers have been gradually returning to their regular lifestyles. As they resume normal routines, the time spent at home is decreasing, resulting in declining retail volume sales of fish and…

Due to the easing of China’s COVID-19 lockdown policies at the end of 2022, consumer lifestyles are returning to greater levels of normality in 2023, resulting in declining retail volume sales of eggs and a rebound in foodservice volumes, although…

The vegetables category experienced positive growth in Vietnam in 2023, particularly in the institutional and foodservice sectors. With a 100% vaccination rate amongst children by the end of 2022, more parents were allowing their children to stay in…

In 2023, amidst challenging economic conditions, there was a noticeable decrease in local consumers dining out compared to the pre-COVID-19 era. However, the sugar and sweeteners industry experienced a healthy increase in volume sales, particularly…

In 2023, an increased awareness of the importance of health and wellness contributed to the rise in demand for starchy roots in Vietnam. The nutritional advantages of eating these foods, such as high-quality carbs, dietary fibre, and crucial…

Although peas and other pulses have a presence in Vietnam, availability is low and sales are still very small. The use of peas and other pulses is limited to a few dishes, and these products do not have wide consumer awareness. By contrast, beans are…

In 2023, nuts recorded a significant rate of volume growth, particularly in the foodservice sector, driven by the increasing number of tourists visiting Vietnam. The impact of inflation and a sluggish economy led to changes in people's spending…

In 2023, the meat category in Vietnam was negatively affected by inflation and an economic slowdown. Sales value and volume displayed slower growth than in the previous year. In this year, Vietnamese consumers were more focused on saving money and…

In 2023, the fruits category in Vietnam was adversely affected by inflation and an economic slowdown. Total volume sales of fruits saw slower growth than in the previous year. In the last year of the review period, Vietnamese consumers became more…

In 2023, inflation had a considerable impact on consumer behaviour and purchasing patterns, which affected the performance of the fresh food industry in Vietnam. Some categories, such as fruits and vegetables, felt the impact of inflation less than…