India's online grocery segment will see strong growth to 2021 as food and non-alcoholic drinks spending increases and consumers further embrace e-Commerce in their shopping habits. Alibaba is the latest company entering India's booming e-commerce grocery market through its investment in India's largest online grocer, Big Basket.
Luxury and premium goods consumption in China is forecast to grow strongly on the back of rising affluence levels, with this extending to artisanal coffee drinks. Starbucks is looking to capitalize on the rising consumer spending by opening its upscale coffee store, Reserve Roastery, in Shanghai, in order to tap into this growing demand.
Growing consumer spending on food and non-alcoholic drinks, an urbanising population and the majority of households falling in the low-income bracket will benefit the development of the formal Mass Grocery Retail (MGR) market in the Philippines, notably price-competitive hypermarkets and supermarkets. While online grocery services will emerge over the medium term (2017-2021), we believe it will...
Expansion opportunities overseas and growing consumer preference for authentic and unique food choices globally, has led to conveyor-belt sushi chains, Genki Sushi and Akindo Sushiro, merging as they plan to go global. Slow projected spending on restaurants and foodservices and low wage growth in Japan has further prompted the sushi chains to look beyond the domestic market for growth.
Japan Tobacco's drop in revenue and cigarette volume sales in H117 has pushed the company to expand into emerging Asian markets, like the Philippines and Indonesia. Indonesia has long been our top pick for tobacco sales growth and believe that it will continue to witness high growth in tobacco spending between 2017 and 2021. We believe there are further opportunities for tobacco uptake in...
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Thanks, BMI Research