APAC Cosmetics Market Overview: The Asia-Pacific Cosmetics Market is expected to garner $126.8 billion by 2020, registering a CAGR of 4.02% during the forecast period, 2015-2020. The top six sustainable seafood consumer trends in 2020 1 Concern for climate change dominates GROWTH AND OPPORTUNITY IN CONSUMER HEALTH IN ASIA These trends make the Asia-Pacific region ready for entry and expansion: Its health-and- Finding Certainty in Asia Pacific's "New Normal" with Consumer Trends & Top Brands on Social The advancement in technologies, the price of consumer goods has witnessed a substantial reduction, making it more accessible to the consumer and increase in disposable income among households in emerging economics and procurement of consumer electronic devices at a I think everyone is aware about the challenges of reaching the new Asia-Pacific is an emerging market. 5 Changing Consumer Trends In Asia Pacific And What It Means For Marketers. The biannual survey was conducted online using large nationally representative samples across 23 markets, between 31 January and 19 March 2020. Consumer Goods Trends in Asia Pacific: A talk with Accenture at ECR Asia 2015 Consumer Goods Trends: Route-to-Market Fabio Vacirca, Senior Managing Director Products Asia Pacific When we look at the consumer goods sector, this year is a big year in terms of focus on route market. DOWNLOAD our Report. Finding Certainty in Asia Pacific's "New Normal" with Consumer Trends and Top Brands on Social Half a year into the worst pandemic of the decade, Asia Pacific is beginning to find her footing once more . The Asia-Pacific insurance industry is still riding a strong growth spurt, driven by China but also buoyed by positive performance in South Korea. Asia/Pacific* Consumer Devices Spending Behavior and Trends 2020. Tweet; Based on the latest figures, the Asia-Pacific region accounted for more than half of global e-Commerce sales in 2017, comprising USD 1.365 trillion of the USD 2.352 trillion global turnover. Read our latest research, articles, and reports on the Asia-Pacific region. Data Source: World Bank MLA Citation: Similar Country Ranking; Country Name Billions of US $ Other highlights from the report include: China became the first market to reach $1 trillion in online retail sales in 2018 and continues to be the largest market, accounting for 82% of Asia Pacific online retail sales. Generation Z, those born between 1996 and 2012, will make up a quarter of the Asia-Pacifics population by 2025, the same as millennials (born 1980-1995). Capitalise on its potential by tailoring your expansion strategy to the individual consumer requirements of your targeted territories. Purchase the Socio-Economic Trends Drive Consumer Electronics Spending in Asia Pacific strategy briefing as part of our consumer electronics market research for May 2013. Dec 21, 2020. Emerging markets in Asia, Africa, Central and Eastern Europe and the In this Asia-Pacific Insight, new technologies expert Warwick Pearmund provides a snapshot of the Hong Kong Consumer payments industry for the year 2019. Asia from established markets such as Australia and the United States. Countries surveyed in the Asia Pacific region include China, Japan, New Zealand, Australia and Singapore. This steady growth and increasing activity provide an opportunity to re-evaluate the opportunity in the Asia-Pacific region. Asia Pacific. Florence Chong reports on the malls on the frontline Global Consumer Luxury Goods Industry Market Trends By Regional Analysis (America, Europe, Asia Pacific, and Middle East & Africa) Growth Opportunity and Industry Forecast 2021-2027 ID: 01 Introduction e-Commerce is the umbrella term for various industries and technologies operating online, ranging from the transfer of electronic funds and transaction processing to supply chain management Payment & Consumer Trends in Asia and the Pacific. Consumer Trends in Asia and the Pacific 2018 ECOMMPAY ECOMMPAY ECOMMPAY ECOMMPAY ecommpay.com. The study highlights current market trends and provides forecast from 2014 to 2020. However, some mature markets have struggled as their populations age and consumer expectations shift. In the Asia-Pacific region, for example, the convergence of physical and online shopping experiences has led e-commerce players to acquire brick-and-mortar retailers to expand their consumer reach. Kartina Rosli Talking Pod. Top Five Global Trends That Will Shape The Food Industry In 2021 ADM, a global leader in nutrition and partner to the worlds leading consumer brands, has released its view on the five food and beverage trends Pearmund's analysis shows an important competition between major actors. Rising consumerism is driving increased plastic waste, which then further threatens biodiversity in the regions coral reefs. The report provides an insight into value (USD million) and volume (kg million) of condiments sauce consumption in Asia Pacific. Despite these barriers to adopting the new 5G network, many organizations still predict that Asia Pacific is still going to lead the network adoption. Euromonitor International is the leading provider of strategic market research reports. East Asia & Pacific consumer spending for 2016 was $10,629.19B, a 4.45% increase from 2015. Please click "Accept" to help us improve its usefulness with additional cookies. Payment & Consumer Trends in Asia and the Pacific. But our understanding of consumer trends to date, coupled with an analysis of the economic and demographic factors that will further shape them in the next decade, serve as a useful lens for contemplating the profile of the Chinese consumer in 2020. Kartina Rosli Marketing Productivity Singapore. We expect this to double and reach $2 trillion by 2023. Consumer Preferences through Survey Analysis; Asia Pacific Food Service Industry Outlook 2017-2030, has been prepared based on an in-depth market analysis from industry experts. Both premiums and penetration have risen. Asia-Pacific is an emerging market. Asia Pacific remains the largest region for online retail sales globally. Euromonitor International is the leading provider of strategic market research reports. Download Historical Data Save as Image. An Agency Founders Wish For 2021. It is one of the most diverse and dynamic markets in the cosmetics industry across the world. Get To Know Brianna Carney & Kate Ringcodan, CrewBloom Co-Founders. Economics, Consumer Spending, Emerging Markets, Asia Pacific (APAC), Asia Pacific (APAC) Economics, Retail & Distribution Deloitte Global Economist Network The Deloitte Global Economist Network is a diverse group of economists that produce relevant, interesting and thought-provoking content for external and internal audiences. Asia-Pacific, home to 60% of the global population, has become the most advanced digital economy in the world and three key consumer trends have emerged that are likely to influence the way marketers design, build and promote their products across the region. Asia-Pacific Battery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026) The market is segmented by Type (Primary and Secondary Battery), Technology (Lead-acid Battery, Lithium-ion Battery, and Other Technologies), Application (Automotive Batteries (HEV, PHEV, EV), Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc. Consumer Trends in Weight Management in Asia Pacific: Challenges and Opportunities for the Industry 1. Purchase the Regional Overview: Consumer Health Trends in Asia Pacific strategy briefing as part of our consumer health market research for March 2012. Asia Consumer Product Trends: Implications for Retailers and Manufacturers. We use cookies essential for this site to function well. China's post-COVID consumer trends may offer preview of B.C. Asia-Pacific has felt the effects of lockdown ahead of Europe and the US. By 2021, the Asia-Pacific market share is predicted to reach USD 3.001 trillion. Asia Pacific is the largest foodservice region in the world, and understandably one of the most appealing expansion targets for international operators.However, the region is also highly diverse, encompassing countries that vary widely in income level, market maturity, demographics, foodservice spending, and dietary preferences. 's own future. "Whilst Hong Kong may lag in mobile payments adoption versus China", he writes, the growth of mobile solution versus cash and card, will increase at pace. 04 Jul 18. The Asia-Pacific consumer battery market is expected to grow at a CAGR of more than 4.6% over the period of 2020-2025. The report covers the competitive landscape and current position of major players in the Asia Pacific food service market. We cannot, of course, predict it with certainty, and external shocks might confound any forecast. CONSUMER TRENDS IN WEIGHT MANAGEMENT ASIA PACIFIC: CHALLENGES AND OPPORTUNITIES FOR THE INDUSTRY VITAFOODS ASIA, SEPTEMBER 2014 MINJI KIM Analysts: Bryan Ma, Kenneth Liew, Peggy Cheung, Tech Onn Ding Learn more These four trends are related, with consumerism the main driver, said Ariel Muller, managing director for Asia Pacific at Forum for the Future. In addition, current and future trends are also covered in this report. Navigate Asia Pacific's "new normal" with actionable, social insights. The region is the second largest market for cosmetics after Europe. These are some of the findings of a survey among 16,000 Gen Z consumers from six countries in the Asia-Pacific. Discover how social listening solutions can chart new trajectories in your business. East Asia & Pacific consumer spending for 2015 was $10,176.76B, a 1.14% decline from 2014. The MarketWatch News Department was not involved in the creation of this content. Other than that, consumers trends in Asia Pacific uses mobile phone for entertainment which mostly is music streaming. 1 Consumer buying behaviors are changing constantly, sometimes driven by product or technology innovation, but also in response to economic cycles. Nielsen, a leading global information & measurement company, provides market research, insights & data about what people watch, listen to & buy.