Manufacturers need to appeal consumer’s emotions by creating a story around their products that fit well into the lifestyle of consumers if they want to get ahead of the competition in Asia’s developed nations, according to Natasha Telles D'Costa, Frost & Sullivan, Asia pacific, director.
The world population is ageing at unprecedented rates, offering huge opportunities for savvy fast-moving consumer goods (FMCG) marketers, according to a report by market research company GlobalData.
New product launches with high protein labels across Southeast Asia grew by eight percent on average every year from 2012 to 2016, according to market intelligence agency Mintel.
The global protein ingredients market is expected to grow at a CAGR of 5.2 percent until 2025, according to a report by market intelligence company Research and Markets.
Half (49 percent) of Chinese consumers eat ice cream as a snack at home, according to a report by market intelligence agency Mintel.
The grocery retail market in the Philippines is forecast to grow at a CAGR of 9.3 percent between 2016 and 2021, according to a report by IGD, a grocery research organisation.
In an exclusive interview, Lee Kok Lam, owner of The Butcher's Kitchen in Singapore, discusses transparency and traceability in the meat industry, as well as ways to leverage on changing consumer tastes. By Farah Nazurah
The fast-melting chocolate filling has a firm texture that can be used in various chocolate applications such as pralines.
Manufacturers need to consider the wellbeing impact of their products to target sensory-seeking yet health-conscious consumers, according to market research agency GlobalData.
The market was valued at US$83.4 billion in 2016, representing a CAGR of 3.5 percent, according to market research agency GlobalData.