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.
As more European luxury brands tap South Korean celebrities as brand ambassadors, this podcast explores the growing influence of South Korean culture in fashion and beauty. The podcast also seeks to distinguish between what European and South Korean consumers look for in the luxury brands they choose and value.
According to Euromonitor, Hong Kong recorded one of the fastest growing markets for meat-substitutes in Asia Pacific in 2020. Sabrina Sakhrani, General Manager of Euromonitor International's Hong Kong office interviewed Next Gen Foods about the company's newly established plant-based chicken TiNDLE, together with Classic Fine Foods, its distributor, on their visions, insights and disruptions in the plant-based field.
The retail industry’s traditional wholesale model has been turned on its side due to the emergence of new business models and channels such as marketplaces, subscription services and direct-to-consumer brands. E-commerce is here to stay, and it is vital to stay current with all facets of the digital retail landscape.
HONG KONG – Asia Pacific and Australasia will become an e-commerce powerhouse in 2021 and beyond, due to e-commerce sales opportunities of over $68.5 billion, according to a new report from global market research company Euromonitor International.
The meat substitutes market in Hong Kong continues to grow fast, accelerated by the entry of two leading plant-based meat providers, Beyond Meat and Impossible Meat. After the long disruption caused by the Coronavirus (COVID-19) pandemic in 2020, TiNDLE, an alternative chicken provider, is now partnering with local fine dining restaurants to establish itself in Hong Kong. With additional insight from Classic Fine Food, a premium food specialist operating across Europe, the Middle East and Asia, there is clear and significant potential for meat substitutes in the region, and long term growth.