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Plant-based in Asia Pacific: What’s Next?
Emil Fazira
The hype behind plant-based food is being driven by rapid innovation, with a sharp acceleration of product launches driving consumption through curiosity and the attraction to novelty. Price, taste and texture, along with health and nutrition have been the key challenges affecting plant-based products’ success with consumers over the last few years.
What Could Weight Loss Drugs Mean for Food and Beverage?
Carl Quash III
Ozempic and Wegovy, weight loss drugs, have received lots of buzz lately as new challengers to the global obesity epidemic. With abilities to suppress appetite, the food industry is concerned about what this means for sales. Future adoption of these drugs is set to increase, as are sales of broader weight management-claimed food and beverages. And even with many unknowns, our experts believe strong worry about negative, long-term impact should be moderated and brands should take certain actions.
Where to Play in Foodservice in Mexico?
Carlos Zamora
In 2022, consumer foodservice sales in Mexico recovered to their pre-pandemic levels and growth trend. Understanding channel trends, how competitors are innovating in response, and where growth opportunities lie are all crucial elements in building a well-informed consumer foodservice strategy.
Tracking E-Commerce Prices and Sales in China’s Instant Noodle Market
Jared Conway
As global eyes turn again to China to monitor its current economic situation, understanding what is happening at the micro level can provide insights into how consumers are reacting to the current economic situation and how manufacturers and suppliers can best position their products to compete in this unprecedented environment.
Navigating the Effects of El Niño on Consumer Industries in Latin America
Jorge Zuniga
With climate change influencing all consumer sectors, integrating sustainable practices becomes paramount for risk reduction and resilience building. Amidst this, phenomena like El Niño pose additional challenges, altering consumption patterns and sparking new demands, especially in Latin America.
Key Factors Shaping Food Consumption in Latin America
Andres Chehtman
Latin America is expected to finish 2023 with GDP growth of 1.7% and an inflation rate of 15.1%. The packaged food industry in the region is expected to finish with double-digit sales growth in value terms, but close to flat volume growth. In this context, Euromonitor International has examined the main drivers for food consumers in the region, identifying seven key factors.