Category: Food & Beverage
Asia Food & Beverage
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South Korea Savoury Snacks
... in their 30s and 40s are driving the popularity of savoury snacks, particularly those that pair well with alcoholic drinks. This shift in consumer group has led to the introduction of various new products by ... Read More
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Vietnam Food Service Market By Type (Dining Service (Hotels, Restaurants), PBCL (Pubs, Bars, Clubs and Lounges), QSR (Quick Service Restaurants), Cafe, and Others), By Ownership (Standalone Outlets and Chained Outlets), By Brands (Domestic and International), By Region, Competition, Forecast & Opportunities, 2019-2029F
... By Region, Competition, Forecast & Opportunities, 2019-2029F Vietnam Food Service Market was valued at USD 21.62 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 11.01% ... Read More
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China Chocolate Confectionery
... in terms of textures and tastes. First, the variety of formats of chocolate confectionery has expanded, with 2024 seeing the introduction of chocolate containing popping candy, and chocolate paired with freeze-dried yoghurt cubes for a ... Read More
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China Gum
... gum saw the same trend of decline followed by rebound. However, the upward trend in bubble gum was stronger in 2023, and this trend is expected to continue in 2024, primarily due to two reasons. ... Read More
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South Korea Wine
... industry is now speculating about the next big trend, following the strong surge for whiskies and highballs. Initially, in 2020, wine became one of the preferred choices for premium home drinking. However, its appeal began ... Read More
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The Philippines Wine
... levels. Euromonitor International's Wine in Philippines report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2019-2023), allowing you to identify ... Read More
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South Korea Beer
... 2023, beer in South Korea experienced stagnation, with declines seen across various categories, particularly craft and imported beers. High on-trade inflation, a slight reversal of off-trade gains, and swiftly changing alcohol trends presented substantial challenges. ... Read More
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The Philippines Rtds
... in on-trade outlets, bolstered by expanded distribution and the aggressive marketing efforts of players such as Asia Brewery and Emperador Distillers which sought to appeal to younger consumers. While Asia Brewery invested in above-the-line advertising ... Read More
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The Philippines Alcoholic Drinks
... on consumer spending. Indeed, the country finished with year with a GDP growth rate of 5.6%, which exceeded that of other major Asian economies, including China, Vietnam and Malaysia. Euromonitor International's Alcoholic Drinks in Philippines ... Read More
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South Korea Alcoholic Drinks
... by significant consumer cost burden due to inflation. This economic pressure curtailed the anticipated recovery of the on-trade channel, minimising growth and contributing to a challenging year overall for alcoholic drinks. Meanwhile, despite seeing another ... Read More
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China Sweet Biscuits, Snack Bars and Fruit Snacks
... in retail current value terms. This is mainly due to the overall economic slowdown in China, and consumers’ tightening budgets, resulting in a strengthened pursuit of cost-effectiveness amongst consumers. Therefore, the average unit price of ... Read More
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The Philippines Spirits
... and rum remained the most important product areas in spirits, with both seeing an improved performance, when compared to the previous year. With varieties that appeal to price-conscious consumers, as well as those looking for ... Read More
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China Ice Cream
... 2022, there were fewer days with high temperatures, resulting in fewer occasions for ice cream consumption. Also, with the lifting of the zero-COVID lockdown policy, consumers returned to their normal routines, spending less time at ... Read More
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The Philippines Beer
... The revitalisation of on-trade spending also emerged as a key driver of demand, as consumers returned to pre-pandemic patterns of behaviour, including socialising in bars and restaurants with family, colleagues and groups of friends. Euromonitor ... Read More
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China Snacks
... to slow slightly, becoming almost static, due to the impact of the weak macroeconomic environment. Euromonitor International's Snacks in China report offers in-depth knowledge of the market at a national level, providing local insight and ... Read More
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China Sugar Confectionery
... in 2024. With increasing consumer health consciousness post-pandemic, there is growing demand for sugar confectionery with health benefits. Consumers are more inclined to choose products that are low in sugar or sugar-free, made with natural ... Read More
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South Korea Rtds
... in light home drinking, and a rise in young consumers of legal drinking age, as well as female consumers. These groups are pushing the industry towards premium drinks, low alcohol or non alcoholic beverages, and ... Read More
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China Savoury Snacks
... China and increasing uncertainty about the future have driven consumers towards conservatism. The tightening budgets of Chinese consumers and their heightened focus on cost-effectiveness in commodity goods are compelling companies to reduce prices without compromising ... Read More
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South Korea Spirits
... Generation Z of legal drinking age, and Millennials, characterised by their tendency for adventurous and experiential purchases. This trend has been particularly prominent in the realm of whisky-based beverages, such as highballs, which in 2023 ... Read More
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The Philippines Cider/Perry
... beer and RTDs, which have a more established distribution, as well as a much broader consumer base. Nonetheless, a gradually improving economy, coupled with an increase in tourism, fostered a favourable environment for cider/perry, particularly ... Read More
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China Beer
... However, total volume sales were still short of the 2019 figure in 2023, reaching 93-94% of the volume sales of that year. The consumer trend of “drink less but better”, and growing health consciousness led ... Read More
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China Wine
... wine has decreased. In China, wine is mainly consumed in social settings, such as at social gatherings and business banquets. However, in recent years, consumption in social contexts has become increasingly diverse. Chinese spirits, international ... Read More
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Japan Cider/Perry
... prefectures in 2022, the return to pre-pandemic lifestyles had been gradual. However, with the reclassification of COVID-19 to a class five infectious disease in May 2023, akin to seasonal flu, and the shift in infection ... Read More
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Asia Pacific Ice Cream Market Size, Share & Trends Analysis Report By Source (Dairy & Water-based, Vegan), By Flavor, By Packaging, By Distribution Channel, By Country, And Segment Forecasts, 2024 - 2030
... Cream Market Growth & Trends The Asia Pacific ice cream market size is anticipated to reach USD 58.79 billion by 2030 and is projected to grow at a CAGR of 4.9% from 2024 to 2030, ... Read More
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Japan Alcoholic Drinks
... robust rebound as Japan began to move past the COVID-19 pandemic. In May 2023, COVID-19 was reclassified to level five by the government, the same as seasonal influenza, which significantly altered how the disease was ... Read More
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