Category: Consumer Goods & Retailing
Asia Consumer Goods & Retailing
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Hong Kong, China Men's Grooming
... of appearance, leading to a surge in demand for men's grooming. Male consumers are now more focused on taking care of their skin and overall grooming and scent, recognising the benefits of a well-maintained appearance. ... Read More
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Hong Kong, China Fragrances
... the local market, despite the less attractive foreign exchange rate. Nevertheless, this macroeconomic change had a minimal impact on wealthy consumers, leading to substantial growth in premium fragrance sales. To welcome the return of international ... Read More
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Hong Kong, China Oral Care
... repair. Tooth sensitivity, characterised by discomfort or pain when consuming hot or cold foods, remains a common issue affecting a significant portion of the population. As a result, toothpaste formulations that offer effective relief from ... Read More
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Singapore Sunglasses
... sunglasses. With such high demand in 2023, most people who had purchased a new pair in this year are unlikely to purchase another pair in the subsequent years. Increases in average unit prices as a ... Read More
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Japan Spectacles
... for spectacles. There are three main factors behind the growth of spectacles. One is the growth of reading glasses. According to Euromonitor’s Consumers data, although the total population in Japan is decreasing, the population aged ... Read More
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Hong Kong, China Premium Beauty and Personal Care
... of tourism flows and the reopening of borders have provided a much-needed boost to the segment, resulting in dynamic, double-digit growth and value sales reaching close to pre-pandemic levels in 2023. Tourists visiting Hong Kong ... Read More
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Hong Kong, China Mass Beauty and Personal Care
... return, there is renewed demand for beauty and personal care products, boosting sales in the local market. Key private label lines in this space, such as Mannings and Watsons, along with the presence of Japanese ... Read More
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Hong Kong, China Sun Care
... Singapore were among the top 10 outbound travel destinations for Hong Kong’s citizens in 2023, according to Euromonitor International’s Travel data. In fact, nature and outdoor activities was the top five travel destination feature local ... Read More
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Hong Kong, China Skin Care
... industry has played a crucial role in revitalising demand, particularly for skin care. As inbound tourists made a notable return to Hong Kong in 2023, following the easing of the city’s border, there was greater ... Read More
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Singapore Spectacles
... to deteriorate, and this is leading to increasing demand for spectacles and other corrective eyewear in Singapore. In addition, many companies have implemented permanent hybrid working policies. This is supporting demand for spectacles, as consumers ... Read More
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Singapore Eyewear
... performances are expected across categories. The fastest current value growth is anticipated to be seen by contact lenses, due to changing usage and consumption patterns, but also because many people are leaving their homes more ... Read More
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Japan Sunglasses
... Japanese mafia (yakuza), or villains portrayed in films. Wearing sunglasses is also considered a way to hide facial features, provoking a negative image. However, it is now becoming increasingly popular and accepted by society to ... Read More
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Japan Eyewear
... correction tool, but have expanded to eye care/eye health items that protect the health of the eyes. Under this trend, products with functionality, such as sleep assist and added value claims, are increasing. Wearing sunglasses ... Read More
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Hong Kong, China Baby and Child-Specific Products
... concerns among local parents, and this trend reflects the growing awareness and emphasis on skin health and wellbeing. Children’s skin is more vulnerable, and parents understand the importance of maintaining the delicate balance of their ... Read More
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Hong Kong, China Beauty and Personal Care
... the city with a lifting of all pandemic-related restrictions. As a market that is heavily impacted by tourist spending, the resurgence in inbound tourism, especially from the key source market of mainland China, played a ... Read More
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Hong Kong, China Bath and Shower
... growing desire for a higher quality of life. Nowadays, they are focusing more on everyday body care routines. Today’s consumers are becoming increasingly knowledgeable about skin care and are extending this knowledge to their bathing ... Read More
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Hong Kong, China Deodorants
... driven by the shift towards more active lifestyles following the lifting of social restrictions at the beginning of the year. As consumers started to resume their regular activities and engage in more physical exertion, the ... Read More
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Hong Kong, China Hair Care
... products. With growing awareness of health and wellbeing, there is a shift towards more natural and clean formulations for hair care to reduce potential health risks associated with harmful chemicals. According to Euromonitor International’s Voice ... Read More
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Hong Kong, China Colour Cosmetics
... the recovery of tourist consumption had a positive impact on the category in 2023, recording both double-digit volume and value growth, although sales remained considerably lower than pre-pandemic levels. The return of social occasions among ... Read More
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China Eyewear
... see a slower but solid single-digit current value growth rate in 2024, with spectacles, contact lenses, and sunglasses all expected to show growth. On the one hand, in 2023 most of the pent-up demand due ... Read More
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Thailand Gardening
... spaces became something of a sanctuary for those confined to their homes. Despite the return of consumers to their busier post-pandemic lifestyles, they maintained a strong interest in this pastime, largely due to its known ... Read More
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Singapore Homewares
... cooking. Despite not cooking frequently at home, they exhibit a propensity for acquiring items related to cooking, such as homewares, possibly driven by a sense of preparedness, a penchant for collecting homewares, or aspirations to ... Read More
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Taiwan Video Games
... over inflation amid stagnant payment levels amongst the majority of office workers influenced demand trends. Despite underlying economic pressures, video games continued to see strong retail value (constant 2023 prices) growth. Video games continued to ... Read More
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China Contact Lenses and Solutions
... the one hand, the rapid expansion of sales in recent years has led to the increasing maturity of the category. Consequently, there has been a reduction in the influx of new consumers, resulting in a ... Read More
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Indonesia Home Improvement
... stability, which have supported various industries. In turn, this also supports the ongoing urbanisation trends alongside consumers’ strengthening financial confidence and spending power. Moreso, the Indonesian government's emphasis on infrastructure development further fuels demand for ... Read More
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