Wellness has been identified by Euromonitor International as having the furthest-reaching impact on industries and consumers in the future. This report looks at the link between rising longevity and consumers’ search for a healthy life and highlights the potential impact of the behaviour of healthier consumers on consumer goods industries in the years to come through three lenses - nutritional habits, physical wellness and internal balance - to help the reader understand the changing Asia Pacific consumer.
In light of recent challenges in the foodservice industry – from a shortage of raw materials, to inflation, and the labour crunch – strategies for the future must turn these headwinds into opportunities. This is made even more pertinent in the aftermath of the pandemic, at various stages across Asia; for instance, Southeast Asia’s recovering economies and China’s zero-COVID goal. QSRs must review their value proposition, leverage food-on-demand and revisit strategies for in-store hospitality.
Euromonitor dives into prospective tourism recovery in ASEAN, threats & opportunities, tourist attitude to sustainable travel, and business strategies.
Following the negative impact of home seclusion and strict lockdown measures in China, beauty and personal care has enjoyed a surge in sales growth, driven by demand for better skin health, products that enhance personal wellbeing, the rise of Chinese beauty, and the ineluctable momentum of e-commerce and new retail experiences.