Valued at US$4.41 billion in 2019, the global face mask market is expected to grow at about 24% a year to reach over US$31.8 billion by 2027.
Decades of rapid industrialisation in Asia as well as a rising prevalence of air-borne diseases across the globe has fuelled the global Air Purifier market. Valued at US$10.6 billion in 2020, it is projected to reach US$20.82 billion by 2026, growing at an annual rate of 14.1% between 2019 and 2026.
Asia Pacific’s ageing market hit US$3.2 trillion in 2020, and is expected to expand rapidly by 43% in a short span of 5 years. By 2030, 32% of the APAC population will be over 50 years old, and projected to contribute 52% of the total consumer expenditure.
In TechnoBusiness, Spire consultant Eka Rivia Sakti shares his views on the latest digital banking trends in Indonesia, alongside the arising risks and opportunities. Despite promising developments in Indonesia’s adoption of digital financial solutions, much work is needed to develop supervisory frameworks to mitigate the privacy risks that come with increased digitisation.
Southeast Asia is home to the world’s most prosperous Food and Beverage industry, worth US$300 billion. In the latest Spire Webinar, Spire Deputy CEO Japnit Singh, Upgrown Farming’s Lionel Wong and Thinking Forks’ Rinka Banerjee discuss how rising affluence and COVID-19 accelerated the shift in consumer tastes and preferences.