Category: Food & Beverage
Asia Food & Beverage
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Staple Foods in Turkey
... disposable incomes. This led to price-sensitive behaviour, reducing consumption, particularly in non-essential spending categories, while essential goods—especially staple foods—remained more stable. Euromonitor International's Staple Foods in Turkey report offers in-depth knowledge of the market at ... Read More
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Coffee in the Philippines
... continues to dominate the category, driven by the convenience of instant coffee mixes, which are especially popular among consumers with busy lifestyles, such as those rushing to work or school. However, amid ongoing inflationary pressures, ... Read More
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Tea in Azerbaijan
... uphold this tradition. Azerbaijan's expanding population, particularly in the older demographic, is contributing positively to tea consumption, reinforcing the category's stability and growth. Additionally, the increase in tourism is enhancing tea sales in the foodservice ... Read More
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Breakfast Cereals in Taiwan
... Despite breakfast cereals not being a mainstream choice in Taiwan, its market importance is gradually growing as dietary habits diversify. Thus, while retail volume sales are set to continue to drop over 2024, the market ... Read More
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Coffee in Azerbaijan
... instant coffee offers, solidifying its position as a staple in Azerbaijani households. Additionally, the historical legacy of limited coffee availability during the Soviet era, when instant coffee was the most accessible option, contributes to its ... Read More
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Other Hot Drinks in Azerbaijan
... growth as economic pressures continue to influence consumer spending habits. While inflation has moderated since 2022, helping to slightly reduce price increases, the high unit cost of these drinks relative to other beverages still impacts ... Read More
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Processed Meat, Seafood and Alternatives To Meat in Turkey
... demand. Meanwhile, companies reduced their portion sizes, which added to value margins. Alongside very high inflation, this helped retail current value growth to outpace retail volume growth. Euromonitor International's Processed Meat, Seafood and Alternatives to ... Read More
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Processed Fruit and Vegetables in Turkey
... by the strong pressure on purchasing power, while high inflation spiked retail value growth. Nonetheless, demand for these options was stimulated by their long storage times, which made early or bulk purchases profitable in an ... Read More
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Rice, Pasta and Noodles in Taiwan
... Rice and noodles are perceived as staple foods, and demand remained healthy. Despite the effects of increasing competition, the performance of rice, pasta and noodles is heavily influenced by movements in commodity prices. Price changes ... Read More
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Breakfast Cereals in Turkey
... value for money has become a top priority for shoppers. Euromonitor International's Breakfast Cereals in Turkey report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In ... Read More
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Hot Drinks in China
... expected to grow modestly, with foodservice volume growth set to marginally outpace retail. The hot drinks industry is increasingly shaped by innovations in foodservice, such as bubble tea and fruit tea shops, which engage consumers ... Read More
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Baked Goods in Taiwan
... performance of baked goods is underpinned by rising raw material prices and improving consumer indices, which contribute to higher unit prices. Despite the increases in the cost of products, baked goods remain staple choices for ... Read More
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Other Hot Drinks in China
... categories, other plant-based hot drinks, and malt-based hot drinks are expected to maintain their growth trends. However, chocolate-based flavoured powder drinks is projected to decline in retail value terms, as consumers increasingly associate these products ... Read More
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Rice, Pasta and Noodles in Turkey
... help consumers during rising inflation. As a leading brand in rice, bulgur, red and green lentils, dried beans, and chickpeas, Reis has committed maintaining the price list declared on January 20, 2024, until the end ... Read More
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Processed Meat, Seafood and Alternatives To Meat in Taiwan
... in the second half of the review period, retail volume sales are expected to rise in most main categories over 2024. However, the downturn in the category with the biggest market size, tofu and derivatives, ... Read More
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Tea in China
... sales of domestic loose leaf tea have been disappointing, with the market entering a phase of strong competition. Most tea companies are under pressure, and black, green, and instant tea are expected to see retail ... Read More
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Staple Foods in Taiwan
... consumer indices have led to increased unit prices across various staple foods categories. Despite these cost pressures, demand remained steady as items like baked goods, breakfast cereals, processed meat and rice continued to be essential ... Read More
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Tea in the Philippines
... employed by key players. For example, Gilamar Enterprises Inc. highlighted the benefits of tea as a way to unwind through its sponsorship of the Patrons of the Arts: Spring Beginnings event in January 2024. Similarly, ... Read More
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Coffee in China
... is a notable trend of consumers pursuing a more professional and personalised coffee experience at home using a coffee machine. They wish to make and enjoy coffee at home, avoiding the need to go out ... Read More
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Hot Drinks in the Philippines
... previous year. While industry players have adopted various strategies to stabilise prices and stimulate consumer demand, shoppers remain cautious with their spending as they navigate persistent economic uncertainties. Euromonitor International's Hot Drinks in Philippines report ... Read More
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Baked Goods in Turkey
... growth was flat. In December 2023, the bread price tariff in Istanbul was updated, setting the price for 210 grams of bread at 8 liras. However, during the May 2024 assembly meeting of the Istanbul ... Read More
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Other Hot Drinks in the Philippines
... attributable to sustained competition from other breakfast staples. However, as Filipinos continue to prioritise convenience due to their increasingly hectic lifestyles, there is a growing demand for easy-to-consume, nutritious beverages. This trend has placed plant-based ... Read More
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Processed Fruit and Vegetables in Taiwan
... in demand of the Coronavirus (COVID-19) pandemic, as well as slightly higher rates of inflation in the second half of the review period. Consumer demand is rising slowly, with the pace of market expansion still ... Read More
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Hot Drinks in Vietnam
... crisis in the Red Sea, resulting in increased shipping and related costs. Many financial speculators are now investing in coffee, following oil and gold, which is also driving up prices. Players are therefore struggling to ... Read More
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Sports Drinks in South Korea
... in the country, and sports drinks is no exception. Traditionally, sports drinks have been formulated to provide hydration, electrolytes, and sufficient sugars to energise the body during physical activity. However, growing concerns about excessive sugar ... Read More
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