25 Aug 21 | SGT: 01:00 PM - 26 Aug 21 | SGT: 01:00 PM
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Healthy living and longevity are prized by consumers in Asia Pacific and the dietary products industry is poised for transformative growth, with a particular focus on the ageing population. The demand for nutritional solutions tailored to the unique needs of older adults has never been greater. This article examines five prospects within dietary products, each strategically aimed at addressing the health and wellness concerns of the maturing population across Asia Pacific.
Asian consumers define health in a number of different ways, spread across both physical and mental wellbeing. Some markets are more skewed towards one type than another; Thais’ top three definitions of health are mental wellbeing, emotional wellbeing, and getting enough sleep, while South Koreans define healthiness as the absence of disease, avoiding illness, and having a healthy immune system.
Chocolate confectionery in India is rapidly growing and even more so online as consumers opt for online delivery amid increasingly hectic lifestyles. Examining leading brands' SKU pricing and promotional strategies provides insight into how brands are winning online in the dynamic category as well as how consumers are reacting to changes in the market.
Cost-of-living pressures continue to challenge Australian consumers in 2023, despite recent falls in inflation and the stalling of interest rate increases by the Reserve Bank of Australia. Previous rises in the headline rate placed greater pressure on mortgage holders, with property investors hiking rents at a time of heightened demand driven by a simultaneous recovery in post-pandemic immigration. In this context, affordability remains key, but other global trends are playing an important role.
Every year the Institute for Food Technology hosts a conference and expo, showcasing the leading tech innovations in food sciences. This year's theme was “future proofing our food system”, and the top three trends were all about protein, formulation, and sustainability.
Walmart and Amazon are battling for leadership of food and beverages e-commerce in the US. Amazon’s unrivalled logistics expertise helps it to win across many shelf-stable categories, but Walmart’s lead in click-and-collect and its vast store network give it the upper hand in perishables. Using data from Euromonitor International's new E-Commerce system, this article explores this rivalry and highlights areas where DTC players and other operators are making inroads against the giants.
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