Category: Consumer Goods
Asia Consumer Goods
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The Philippines Tobacco
... cigars and cigarillos enjoyed stable demand within a niche market. Meanwhile, governmental support for smokeless alternatives boosted sales heated tobacco and e-vapour products - 2023 saw more robust implementation of the Vaporized Nicotine and Non-Nicotine ... Read More
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Taiwan Contact Lenses and Solutions
... still remain lower than pre-pandemic levels in 2019. The Taiwanese have returning to “normal life”, with many people working back in the office, exercising outdoors and traveling on holiday. In Taiwanese business culture, flexible working ... Read More
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South Korea Eyewear
... affected by presbyopia, myopia, and hyperopia. The overall increase in vision problems is driven by the ageing demographic, increased screen time, and lifestyle changes. The incidence of myopia has notably surged amongst teenagers due to ... Read More
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Taiwan Eyewear
... prioritising innovation to enhance comfort and loyalty for the end user. Consumers are increasingly opting for advanced materials and technologies, such as silicone hydrogel and blue light-blocking functionality. In spectacles, rising myopia rates and the ... Read More
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The Philippines Smokeless Tobacco, E-Vapour Products and Heated Tobacco
... and sale of vapour products, e-vapour products and heated tobacco grew. RA 11900, or the Vaporized Nicotine and Non-Nicotine Products Regulation Act (the Vape Law) cemented the support of the Philippine government in regulating e-vapour ... Read More
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The Philippines Cigarettes
... generate domestic demand through retail. Beyond the inflationary problems that persisted in 2023, the volume decline of cigarettes is also partly due to the efforts of leading player Philip Morris campaigning about dreaming of a ... Read More
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Vietnam Cigars, Cigarillos and Smoking Tobacco
... of cigars being limited mostly to affluent consumers. Despite the deceleration in volume growth, 2023 still saw volume sales of cigars increase strongly. Enjoying a fine cigar is often linked to socialising, whether it be ... Read More
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Thailand Tobacco
... second consecutive year, having risen during the pandemic. This was in spite of the lifting of all COVID-19 restrictions, which meant that people were spending more time outside, increasing potential consumption occasions for tobacco products. ... Read More
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Thailand Cigars, Cigarillos and Smoking Tobacco
... in sales. In the case of cigars and cigarillos, this was due largely to the revival of international tourism, following the easing of COVID-19 imposed travel restrictions. This created a favourable environment for premium tobacco ... Read More
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The Philippines Cigars, Cigarillos and Smoking Tobacco
... a loyal consumer audience. Cigars Local consumers who gravitate towards cigars and cigarillos see these products as sophisticated and more upscale than cigarettes. Cigars and cigarillos both expanded in 2023, with cigarillos slightly outpacing cigars ... Read More
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Vietnam Cigarettes
... many people in Vietnam. Even in the face of financial challenges, people may persist in buying cigarettes due to their ingrained habits and the sense of comfort they bring. Indeed, many people experience higher levels ... Read More
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South Korea Contact Lenses and Solutions
... by the ageing population. As the demographic shift towards an older population continues, there is rising demand for vision correction solutions that address both near and distance vision issues, which multifocal lenses provide. However, this ... Read More
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South Korea Spectacles
... However, within spectacles, the three categories – readymade reading glasses, spectacle frames, and spectacle lenses – have shown varying growth patterns. The current value growth of readymade reading glasses is expected to decline notably in ... Read More
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Vietnam Tobacco
... smoking tobacco products as a way to relieve stress. Moreover, key players in tobacco products tried to keep their prices as stable as possible so as not to deter consumers who faced increasing pressure on ... Read More
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Thailand Cigarettes
... be negatively affected by the impact of excise tax adjustments, which came into force in October 2021. Cigarette packets priced up to THB72 were subject to a 25% tax levy whilst those priced above TBH72 ... Read More
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Taiwan Spectacles
... Not only are myopia rates rising across all age groups, but the onset of myopia is also occurring at younger ages. The rise of budget-friendly chain eyewear stores is equally playing a significant role in ... Read More
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Taiwan Sunglasses
... eye health is widespread in Taiwan. As a result, sales of sunglasses equipped to withstand sunlight damage are steadily increasing, like polarised sunglasses and UV-block sunglasses. Moreover, in the aftermath of the pandemic, people have ... Read More
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South Korea Sunglasses
... growth can be attributed to a variety of factors, chief amongst them being the rapidly increasing demand for products related to going on holiday and undertaking other trips and outdoor activities. As the pandemic restrictions ... Read More
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Singapore Cigarettes
... sales. Meanwhile, the economy price band saw actual volume growth, benefiting from trading down, as consumers looked for more affordable options. Meanwhile, the premium price band saw an actual volume decline, but a slight share ... Read More
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South Korea Cigars, Cigarillos and Smoking Tobacco
... main drivers behind the growth in consumption of cigars and cigarillos is a characteristic of many young Korean consumers, who are keen to explore new interests and experiences. Since cigars typically come at a higher ... Read More
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South Korea Smokeless Tobacco, E-Vapour Products and Heated Tobacco
... is intensifying. KT&G, Philip Morris Korea, and Rothmans Far East (BAT) are all vigorously engaged in product development and expansion, continuously launching new devices and dedicated stick lines tailored to each device. Euromonitor International's Smokeless ... Read More
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Malaysia Gardening
... in apartment living with limited outdoor spaces. This fuelled demand for compact and vertical gardening solutions. Aligning with this trend, brands such as Baba, Ikea, and Serbajadi, as well as many retailers, invested in innovative ... Read More
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The Philippines Homewares
... Firstly, there was a robust demand for stainless steel and aluminium products due to their durability and versatility. This demand aligned with a broader societal shift towards sustainability, as consumers are increasingly seeking reusable alternatives ... Read More
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India Eyewear
... eyewear have undergone a significant transformation, evolving from mere vision correction tools, to essential fashion accessories. This reflects a growing awareness amongst consumers regarding both the aesthetic appeal and functional benefits offered by eyewear products. ... Read More
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Taiwan Homewares
... many consumers turned their attention to the kitchen to cook and relax, which translated into a notable upturn in value sales of homewares, in particular stove top cookware, ovenware, kitchen utensils and food storage. With ... Read More
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