While food security has been a long-standing pressure globally, the Coronavirus (COVID-19) pandemic has thrown existing issues into stark focus. Many countries and consumers now consider food security an imperative consideration and priority.
Businesses need to evolve as quickly as consumer behaviour is changing. Be the first to put the 2022 trends into action. Register today for early access to the new report on January 18, 2022!
The ongoing situation of COVID-19 has disrupted industries globally. This has resulted in people continuing to remain home, isolated in the Asia Pacific region throughout the year, due to sudden changes in COVID-19 cases. This anxiety has forced countries to limit international travel, slowing down recovery. Personal accessories and eyewear have been directly impacted by this.
PET bottles account for the bulk of soft drinks by volume sales and forecast growth in Southeast Asia. The sheer volume of PET bottles in beverage packaging makes finding sustainable alternatives a key priority among beverage players in Southeast Asia.
Consumers are increasingly sensitive to health claims, particularly when it comes to the diet and health of young children. By analysing pricing trends alongside the prevalence of key product attributes, businesses can identify where the biggest opportunities lie for innovation, product development and ultimately, growth.
Radhika Singal, Consultant of Euromonitor International explains 5 current and future themes that are driving consumer markets in the Asia Pacific region. Knowing these trends and the strategies businesses should invest in the post-pandemic world is important in order to stay relevant and to create future resilience.
E-commerce is dominant in Asia Pacific and Australasia, with the region expected to account for more than 45% of global absolute value growth between 2020-2025. Emily Leung, Senior Analyst, discussed the trends in retailing and future e-commerce opportunities at Retail Asia Conference & Expo 2021.
The Asia Pacific economy is expected to rebound in 2021 with real GDP growth of 7.1%, fastest of all regions. The report explores five key themes transforming consumer behaviour in Asia Pacific in the post-pandemic world, and the strategies businesses should invest in to stay relevant and to create future resilience.
The Coronavirus (COVID-19) pandemic has caused massive disruption to lifestyles, industries and the type of sustainability priorities for companies both globally and in Southeast Asia. In the immediate period, beverage companies have prioritised social issues such as employee wellbeing and community support ahead of the usual environmental issues such as sustainable packaging. This trend could continue for some time, before a gradual shift back to environmental priorities, as company continue working towards their longer-term sustainability goals.