The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
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Learn moreFeb 2020
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While traditional store-based retailing, led by optical shops, is expected to retain significant influence over sales of eyewear, traditional channels will face rising pressure from the growing sophistication of internet retailing in sales of sunglasses, contact lenses and spectacle frames. Additionally, merger and acquisition activity at the highest levels of eyewear manufacturing and retailing will see the independent sector increasingly under pressure.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
Growth in the global pet care market remains strong following rising incomes. Pet care spending is closely related to income, as consumers that earn more are able to devote more disposable income to their pets. Millennials or Generation Z continue to become more prominent as pet parents and are reshaping the pet care market in several important ways.
North America and Western Europe remain the epicentre of pet care as pet humanisation and premiumisation trends are well established. Having said that, emerging markets in Asia Pacific and Latin America show great potential for growth within the pet care market.
Store-based retailing still dominates the retailing landscape within the pet care market; however the industry is undergoing a significant transformation due to the rise of internet retailing. Pet shops and superstores are expected to be under the most pressure given the changes in the retailing landscape. However, to become more resilient, pet shops and superstores will continue to offer professional advice and value-added services to keep pet parents coming back.
The big selling point for e-commerce is the convenience of shopping online on your own time. The ease of product comparisons and instant reviews also fuel growth within the pet care industry.
Pet humanisation significantly influenced the pet healthcare industry by driving research and development in this segment. This in turn helped increase sales through veterinary channels, boosting this important distribution channel for pet care.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.