LONDON, UK – Market research company Euromonitor International’s Global Economic Forecast in Q2 2023 has released its Global Risk Index, citing possible stagnation in economic activity combined with high inflation as the main dangers facing the UK, US and Eurozone economies for the rest of 2023 and early 2024.
Consumers are increasingly aware of the negative effects of sugar, salt and fat on health, driving investment in healthier snacks across Western Europe. However, with obesity levels remaining high, government regulation stands to have a sudden, radical impact on the industry, notably with the prospective implementation of HFSS legislation in England in October 2022.
According to Euromonitor’s latest research on alcoholic drinks, the UK is showing a clear trend towards domestic products with a distinctive, modern heritage and premium cachet. Anna Ward explores this burgeoning trend, and asks how sustainable it is, given the cost of living crisis and rising inflation.
As cost of living concerns rise, value creation has become a defining feature of beauty in the UK, while digital engagement offers brands unique ways in which to connect with target consumers. Demand for sustainability remains high, with regulation leading change, while heightened awareness of mental wellbeing promotes products with ties to emotional wellness.
With the recent announcement from Louis Vuitton on future price increases, Euromonitor explores the future of how we access luxury goods with COCOON founder Ceanne Fernandes -Wong, exploring luxury goods, the circular economy and insights on luxury handbag rental trends.
The Coronavirus pandemic has dramatically altered consumer eating habits and lifestyles. Foodservice outlets located in city centres were particularly hard hit by the lack of footfall during home seclusion. As flexible working arrangements are likely to remain long term, CFS operators need to rethink their location strategies in order to thrive.
The British Government’s anti-obesity regulation on products high in fat, sugar and salt (HFSS) is likely to impact packaged food and soft drinks, both in terms of brands and consumers. Although the new legislation might come as a hindrance for some categories, it might also offer an opportunity for others.
No-Deal Brexit has been avoided. On Christmas Eve, the UK and the EU struck a last-minute trade agreement to avoid disruptions threatening to prolong the current economic downturn affecting both the EU and the UK. This accomplishment means the…
Earlier this week, the European Union (EU) granted the UK a Brexit “flextension” to 31 January 2020 inclusive, with the option to leave earlier if the new Brexit deal is ratified by the House of Commons. This is the third time that the Brexit date…