Understand the cultural and socioeconomic influences that shape i...
Understand the cultural and socioeconomic influences that shape industry demand throughout Asia-Pacific, with local insight, market statistics and analysis ranging from strategic regional overview to in-depth coverage by country or city.
With the world’s lowest fertility rate, South Korea faces a steadily aging population and a projected population decline in the coming decades. As solo living grows in popularity, single-person households are now the most common, leading to rising…
Retail volume sales of sweet spreads in Singapore are projected to experience only modest growth in 2024, reflecting the category's maturity and limited potential for expansion. Consumption of sweet spreads primarily occurs during breakfast,…
The market for sauces, dips, and condiments in Singapore is set to achieve modest retail volume growth in 2024, primarily driven by the need for convenience as consumers look for ways to cut down on meal preparation time, in light of increasingly…
Convenience and affordability remain the key trends shaping the demand for meals and soups in Singapore. As local consumers lead increasingly busy lives, they actively seek quick yet nutritious options, driving an expansion in the variety of ready…
The market for edible oils in Singapore is expected to see a slowdown in retail volume growth in 2024 due to several contributing factors. Inflation and rising production costs, compounded by global conflicts such as the war in Ukraine, have…
The retail market for cooking ingredients and meals in Singapore is expected to see positive growth in current value terms in 2024, driven partly by higher average unit prices. The high cost living continues to significantly impact consumer…
Mobility in Japan saw positive growth in light vehicle sales in 2023 for the first time since 2018, driven by the end of COVID-19 restrictions. However, negative growth is anticipated from 2023 to 2028. The rise of electric and alternative fuel…
Demand for wound care products in Indonesia is set to see consistent growth in 2024, largely driven by the increasing physical activity among various demographic groups, including school communities, sports enthusiasts, and the general public, many…
The weight management and wellbeing market in Indonesia continues to grow, driven by the increasing prevalence of obesity, which remains a significant public health challenge. Nearly half of Indonesian women are classified as overweight or obese, a…
In 2024, the overall vitamins market in Indonesia is anticipated to maintain current value growth, though volume sales are projected to see a more modest increase. The surge in demand experienced during the pandemic was largely driven by consumers…
In 2024 sweet spreads in the Philippines is benefiting from sustained momentum in terms of increased mobility as people return to school and workplaces, supporting a rising snacking trend and growth in consumption of chocolate spreads and nut and…
In 2024, retail current value sales of sweet spreads in China are expected to fall, continuing the trend seen in the previous two years. This is primarily due to a general lack of consumer spending confidence, along with an increasing focus on…
In 2024, staple foods in Sri Lanka saw shifts in consumer behaviour due to economic factors like inflation and political unrest. These pressures pushed consumers towards cost-effective choices, such as bulk buying and private label brands, boosting…
Staple foods in Laos saw healthy retail volume growth during 2024. However, increases remain constrained by a strong preference for widely available and cheaper unpackaged or fresh products. In addition, still high inflation and currency depreciation…
In 2024, retail current value sales of staple foods in China are expected to grow slightly, with a projected increase in the low single digits, despite the challenging macroeconomic environment. The post-pandemic economic recovery in China has been…
Sports nutrition has gained significant traction in Indonesia since the COVID-19 pandemic, driven by a growing interest in exercise and healthy lifestyles. This shift is particularly evident in the rapid expansion of gym chains like FIT HUB, which…
In 2024, the market for sleep aids in Indonesia is projected to sustain positive growth in both retail volume and current value terms. Sleep difficulties remain widespread across several key demographic groups, including pregnant women, individuals…
Sauces, dips and condiments in the Philippines is recording solid growth in terms of retail and foodservice volume sales in 2024. While local consumers continue to return to foodservice channels, the trend for at-home cooking persists. Several sauces…
In 2023, sauces, dips and condiments in China experienced a strong retail current value decline, largely due to the end of COVID-19 lockdowns, which saw consumers return to dining out, combined with the stockpiling effect during the 2022 lockdowns.…
In 2024, rice, pasta and noodles in China is set to see low positive retail volume and current value growth rates. However, the performance is expected to be mixed across categories, reflecting changing consumer preferences and market dynamics.…
In 2024, compared with 2023, retail current value sales of processed meat, seafood and alternatives to meat are expected to experience moderate steady yet slightly slower growth in China. This is largely due to the overall slowdown in the country’s…
In 2024, retail volume and current value sales of processed fruit and vegetables in China are expected to see low single-digit growth, with shelf stable fruit continuing to overwhelmingly dominate retail sales. Beginning in early 2023, due to the…
The paediatric consumer health market in Indonesia is projected to grow faster than the overall market in 2024, despite a decline in the child population. This trend is driven by the increasing importance parents place on their offsprings’ wellness…
Despite the continued strain on finances for many people in the Philippines, meals and soups is rising in both retail current value and retail volume terms in 2024. As local consumers strive to maximise their wages and incomes while the job market…
In 2024, retail current value sales of meals and soups are expected to see a slight decline in China. This is primarily due to the fading pandemic-driven boost for categories such as dried ready meals and quick recipe kits, coupled with broader…
Herbal and traditional products remain a popular mainstay in Indonesia, even for analgesics. For instance, Binahong leaves are gaining traction due to their rich content of flavonoids, oleanolic acid, protein, ascorbic acid, and saponins, which are…
The eye care market in Indonesia is projected to maintain steady retail volume and current value growth in 2024, albeit at a slower pace than in previous years. Eye care products are seen as essential, with consumers prioritising eye health as a…
Edible oils in the Philippines continues to see rising demand in 2024, despite inflation’s impact on food prices. Growth is largely thanks to the efforts of players such as Nutri-Asia Inc and San Pablo Mfg Corp – these companies have been investing…
Retail current value sales of edible oils are expected to stabilise in China in 2024, after experiencing a significant decline in 2023 as consumers returned to dining out after the pandemic. Apart from a continued noticeable drop in sales of olive…
The market for digestive remedies in Indonesia is projected to maintain its positive growth trajectory in current value terms throughout 2024. Diarrhoea continues to be a prevalent issue, particularly in rural areas. Water quality - especially in…
In 2024, Indonesia's dietary supplement market is anticipated to continue experiencing positive current value growth, fuelled largely by changing consumer behaviours stemming from the COVID-19 pandemic. Many Indonesians, particularly in urban areas,…
The dermatologicals market in Indonesia is set for continued growth in current value terms in 2024, with nappy (diaper) rash treatments leading the way. Millions of babies in Indonesia suffer from nappy rash, boosting demand for these remedies.…
The growing market for cough, cold, and allergy remedies in Indonesia is closely linked to the phenomenon known as "pancaroba", which refers to the transitional period between the dry and rainy seasons. During this time, characterised by…
While inflationary pressures continue in Philippines in 2024, cooking ingredients and meals overall is seeing sustained growth in both retail and foodservice. Products within edible oils and sauces maintain relevance as key ingredients that Filipino…
In 2024, cooking ingredients and meals in Laos continued to be hampered by high inflationary pressure on fuel and product prices as well as an urban-centric demand. Nonetheless, growth opportunities were derived from population increases,…
In 2023, cooking ingredients and meals in China experienced a retail current value decline; this was primarily due to the lifting of COVID-19 lockdown policies, which resulted in consumers returning to dining out, therefore having a negative impact…
In 2024, Cambodia sees increased local production of sauces, edible oils, and sweet spreads, driven by government initiatives like tax incentives and training programmes aimed at reducing import reliance. Urbanisation and changing lifestyles are…
Consumer Health in Indonesia is set to enjoy robust growth in current value terns in 2024, supported by heightened awareness of preventative health, a burgeoning middle class, and urbanisation. At the same time, increased accessibility to health…
In 2024, breakfast cereals in China is expected to maintain retail volume and current value growth, primarily driven by increasing consumer health awareness, urbanisation, and changing lifestyles. Hot cereals has been gaining popularity, and this is…
Baked goods in China is projected to maintain low single-digit growth in retail volume and current value terms in 2024, which is a marginal deceleration compared with the gains seen in 2023 and prior to the pandemic. This slowdown is largely…
The market for analgesics in Indonesia is poised for continued healthy growth in current value terms in 2024, as these medications remain a popular choice for everyday health issues like fever and minor aches. A key factor driving the accessibility…
Overall, sweet spreads in Azerbaijan is expected to register healthy current value and volume growth in 2024. Jams and preserves continue to be the most popular sweet spread by far and is also expected to register the highest volume growth. Among the…
Staple foods in South Korea is set to experience little movement across most categories in 2024, due to the impact of rising raw materials prices stemming from climate change and supply chain issues. Elevated inflation rates are expected to result in…
In 2024, retail volume sales of staple foods in Hong Kong continue to fall, while value sales are only recording marginal growth. The shift in consumer behaviour towards dining out and travelling abroad continues to negatively impact demand.…
Overall, sauces, dips and condiments in Azerbaijan is expected to register muted volumed growth in 2024, in what is a mature product area. Pickled products continue to be by far the most important product in terms of value sales, though volume growth…
Rice, pasta and noodles in South Korea is set to see fairly stable retail volume sales in 2024, while retail current value sales are expected to continue to rise. Retail volume sales of instant noodles are also expected to remain flat in 2024,…
Retail volume sales of rice, pasta and noodles in Hong Kong continue to marginally decline, taking them below pre-pandemic levels in 2024. As an increasing number of consumers choose to eat out in restaurants rather than preparing meals at home, the…
In 2024, total volume sales of processed meat, seafood and alternatives to meat in Hong Kong continue to grow, primarily driven by the dominant foodservice channel. Demand for processed meat, seafood and alternatives to meat through the latter has…
Overall processed meat, seafood and alternatives to meat in South Korea is expected to see minimal growth in retail volume terms, and a stronger increase in retail current value terms in 2024. However, growth is not expected across all categories.…
Processed fruit and vegetables in South Korea is expected to see negligible retail volume growth and slightly stronger current value growth in 2024. However, performances are set to vary across categories. Due to macroeconomic factors such as…