GlobalData
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See below for the Latest GlobalData News, Analysis, Profit Results, Share Price Information, and Commentary.
Why trust in AI crucial for F&B industry transformation
Why trust in AI crucial for F&B industry transformation
																					
							Some brands are now turning to innovative AI techniques in food creation.
						
					
					
				Three strategies the luxury sector should focus on to boost sales
																					
							Gen Zs and tourist shoppers will be crucial for the sector.
						
					
					
				3 in 5 Asians are influenced by health benefits when buying food or drinks
																					
							62% of Asians are more influenced by the health benefits of products.
						
					
					
				Brands leverage Indian consumers’ individualism for Valentine’s Day marketing
																					
							Around 3 in 10 consumers buy food and drinks aligned with their personality.
						
					
					
				Around 3 in 5 APAC consumers consider health, well-being impacts in food purchase
																					
							As a result, functional food products are seeing increasing demand.
						
					
					
				How AI reshapes Asia’s foodservice sector
																					
							Operational efficiency due to AI use boosts companies’ bottom line.
						
					
					
				Why FMGC specialists need loyalty schemes to succeed
																					
							Around 55.3% cite loyalty schemes as an influence in purchasing food and grocery.
						
					
					
				Plant-based products to lead meat substitutes market in India: GlobalData
																					
							Nearly two in five of Indians see plant-based items as vital to their religious practice.
						
					
					
				Alcoholic beverage brands earn $147.26m from sports sponsorships in APAC
																					
							Soccer is the biggest market for sports sponsorships.
						
					
					
				Soft drinks industry uses AI for new flavours
																					
							AI is also used to optimise the operations of the industry.
						
					
					
				Global e-commerce market to reach $9.3t by 2027
																					
							E-commerce transactions already hit $5.9t in 2022.
						
					
					
				When nostalgia hits: APAC F&B brands bank on ‘throwback marketing’
																					
							About 3 in 5 consumers are influenced by how familiar products and services feel.
						
					
					
				Alternative payment dominates India’s e-commerce market
																					
							The method accounts for almost 60% of the country’s e-commerce transactions.
						
					
					
				Shein’s market share rise to 2.2% due to high sales in the UK
																					
							It is the 14th largest apparel retailer in 2022, with a 1.7% market share.
						
					
					
				Asian food makers expand functional offerings to bakery and savoury snacks
																					
							The bakery and cereals market is valued at US$2.4b.
						
					
					
				Wearable tech sector revenue to grow $290b by 2030: GlobalData
																					
							The industry is set to expand at a compound annual growth rate (CAGR) of 14.3%.
						
					
					
				Payment cards lead e-commerce payments in UAE
																					
							Alternative payments are the second most preferred payment method.