Asia Pacific

With the world’s lowest fertility rate, South Korea faces a steadily aging population and a projected population decline in the coming decades. As solo living grows in popularity, single-person households are now the most common, leading to rising…

Retail volume sales of sweet spreads in Singapore are projected to experience only modest growth in 2024, reflecting the category's maturity and limited potential for expansion. Consumption of sweet spreads primarily occurs during breakfast,…

The market for sauces, dips, and condiments in Singapore is set to achieve modest retail volume growth in 2024, primarily driven by the need for convenience as consumers look for ways to cut down on meal preparation time, in light of increasingly…

Convenience and affordability remain the key trends shaping the demand for meals and soups in Singapore. As local consumers lead increasingly busy lives, they actively seek quick yet nutritious options, driving an expansion in the variety of ready…

The market for edible oils in Singapore is expected to see a slowdown in retail volume growth in 2024 due to several contributing factors. Inflation and rising production costs, compounded by global conflicts such as the war in Ukraine, have…

The retail market for cooking ingredients and meals in Singapore is expected to see positive growth in current value terms in 2024, driven partly by higher average unit prices. The high cost living continues to significantly impact consumer…

Mobility in Japan saw positive growth in light vehicle sales in 2023 for the first time since 2018, driven by the end of COVID-19 restrictions. However, negative growth is anticipated from 2023 to 2028. The rise of electric and alternative fuel…

Demand for wound care products in Indonesia is set to see consistent growth in 2024, largely driven by the increasing physical activity among various demographic groups, including school communities, sports enthusiasts, and the general public, many…

The weight management and wellbeing market in Indonesia continues to grow, driven by the increasing prevalence of obesity, which remains a significant public health challenge. Nearly half of Indonesian women are classified as overweight or obese, a…

In 2024, the overall vitamins market in Indonesia is anticipated to maintain current value growth, though volume sales are projected to see a more modest increase. The surge in demand experienced during the pandemic was largely driven by consumers…

In 2024 sweet spreads in the Philippines is benefiting from sustained momentum in terms of increased mobility as people return to school and workplaces, supporting a rising snacking trend and growth in consumption of chocolate spreads and nut and…

In 2024, retail current value sales of sweet spreads in China are expected to fall, continuing the trend seen in the previous two years. This is primarily due to a general lack of consumer spending confidence, along with an increasing focus on…

In 2024, staple foods in Sri Lanka saw shifts in consumer behaviour due to economic factors like inflation and political unrest. These pressures pushed consumers towards cost-effective choices, such as bulk buying and private label brands, boosting…

Staple foods in Laos saw healthy retail volume growth during 2024. However, increases remain constrained by a strong preference for widely available and cheaper unpackaged or fresh products. In addition, still high inflation and currency depreciation…

In 2024, retail current value sales of staple foods in China are expected to grow slightly, with a projected increase in the low single digits, despite the challenging macroeconomic environment. The post-pandemic economic recovery in China has been…

Sports nutrition has gained significant traction in Indonesia since the COVID-19 pandemic, driven by a growing interest in exercise and healthy lifestyles. This shift is particularly evident in the rapid expansion of gym chains like FIT HUB, which…

In 2024, the market for sleep aids in Indonesia is projected to sustain positive growth in both retail volume and current value terms. Sleep difficulties remain widespread across several key demographic groups, including pregnant women, individuals…

Sauces, dips and condiments in the Philippines is recording solid growth in terms of retail and foodservice volume sales in 2024. While local consumers continue to return to foodservice channels, the trend for at-home cooking persists. Several sauces…

In 2023, sauces, dips and condiments in China experienced a strong retail current value decline, largely due to the end of COVID-19 lockdowns, which saw consumers return to dining out, combined with the stockpiling effect during the 2022 lockdowns.…

In 2024, rice, pasta and noodles in China is set to see low positive retail volume and current value growth rates. However, the performance is expected to be mixed across categories, reflecting changing consumer preferences and market dynamics.…