Designer apparel and footwear leads all categories in sales, accounting for 39 percent of all global luxury sales. Jewelry and timepieces was one of the fastest growing luxury categories but has since dwindled.
Online marketplaces are on the rise globally, with companies expanding their cross-border businesses. With e-commerce growing globally, marketplaces are expected to continue growing, and cross-border commerce is expected to grow with it.
Global diets are becoming more plant-based than ever before, with vegetables and heritage grains as the focus. Breads, pastas and cereals, which were once losing ground in the market are once again being consumed thanks to the focus on heritage grains.
Economic integration of the Asia-Pacific region has seen a rise in free trade agreement negotiations, such as the Association of Southeast Asian Nations (ASEAN) Regional Comprehensive Economic Partnership and the Trans-Pacific Partnership (TPP).
Euromonitor International's research team discusses the retailing industry across Asia, including Thailand, Singapore, Indonesia, India and Japan. Which retailers and brands are making the most money in the Asia-Pacific region?
Service Industries are on the rise in emerging markets - often at the expense of primary industries. Services industries often attract higher salaries than primary industries and offer more opportunities for consumers in emerging regions to trade up to discretionary goods.
Health and Wellness producers are often advised to target consumers who already live healthy and sustainable lifestyles, but by examining the health and wellness market using megatrends, several other aspects emerge.
In 2015, Asia Pacific became the global leader in online and mobile commerce. This video outlines which companies and retailing formats thrive in Asian markets and discusses consumer trends driving this growth. Watch for complete insights.