Insights Focus: Market Research

Asia’s demand for Air Purifiers increases as air quality worsens

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.

APAC Silver Tsunami: Ageing Market worth US$4.56 trillion by 2025

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.

Asian Flavours gain popularity

Valued at US$15.44 billion in 2020, the global seasoning and spices market growth is expected to reach US$22.46 billion within the next seven years.

Modest wear – The fashion world wakes up to modesty

According to Pinterest UK, in early 2018, searches for ‘modest fashion’ increased by 500% , around the time of London’s first Modest Fashion Week. Modest fashion has gained tremendous public attention. Many popular magazines, such as Vogue and Forbes, have invested in the modest fashion market. According to the Los Angeles Times, the global apparel market is valued at USD3 trillion and according to the report of State of the Global Islamic Economy by Thomson Reuters, Muslim consumers are expected to spend more than USD368 billion on fashion by 2021. How far will the modest wear trend go?

Gaming in Asia - Sizing opportunities in the region

Gaming in Asia – Sizing opportunities in the region

Asia’s gaming market is evolving and becoming extremely volatile and competitive. In recent years, the Southeast Asian gaming industry has attracted the attention of investors, developers and analysts from Australia, China, India and elsewhere. Asian mobile gaming generated USD36 billion in revenue in 2017, where 97 per cent of the revenue was generated from the Philippines, Indonesia, Malaysia, Thailand, Vietnam and Singapore . How bright is the future of Asia’s gaming market?

Plant-based protein-An alternative approach to food

Plant-based protein-An alternative approach to food

Plant-based protein holds the same position in the food industry that Tesla does in the automotive industry. With an expected growth of USD10 billion by 2022 , it will potentially constitute one-third of the global food market by 2050 . The fourth Industrial Revolution is underway and plant-protein is at the forefront of this much-needed transformation in agriculture . Can plant-based food systems ensure global sustainability?

The Philippines – Asia’s next economic powerhouse?

The Philippines is emerging as one of Asia’s most dynamic economies, with a forecasted growth rate of 6.9 per cent in 2018 driven by investment and private consumption. The economy recorded growth of over 6 per cent in 2017, for the sixth straight year, thanks to buoyant government spending, exports and a recovery in the agricultural sector. Will this Southeast Asian tiger be able to maintain its momentum?