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Pet Care in ItalyDate:
Pet care was one of the few industries which managed to grow and show dynamism in Italy during the second half of the review period. This growth came in spite of the economic turmoil which has been affecting almost the whole of Europe since late 2008. Indeed, manufacturers remained quite active throughout the recession, challenging consumers with new and expensive premium products featuring higher levels of premium ingredients and value-added benefits. Despite the less favourable performance of...
Packaged Food in Sweden
Current value sales of packaged food in Sweden will increase by almost 2% in 2012, reaching sales of SEK110.8 billion. Despite the financial turmoil in the Eurozone, the Swedish economy has performed better than expected and consumers continued to increase their spending on food and drinks, while they cut down on other, more expensive, items, such as cars and furniture. Low inflation, low interest rates and higher disposable income for those at work, also contribute to this development
Packaged Food in Poland
The packaged food environment in Poland enjoys positive development despite the toughening economic climate and decreasing purchasing power. Demand for basic foodstuffs continues to be strong as Poles are more inclined to diminish their spending on non-basic goods and services that are not prime necessities. Nevertheless, a certain shift towards cheaper brands and private label products is being noted, particularly amongst price-sensitive consumers who dispose of limited financial resources
Packaged Food in Mexico
During 2011, overall healthy growth rate sustained most of the packaged food market
Home Care in Switzerland
Home care performed well in 2011. The positive value growth is attributed to strong price competition between private label producers and branded manufacturers mainly consisting of big global players. Almost all categories of home care were able to register growth with the exception of bleach, which declined in both value and volume terms due to its negative image. Surface care and dishwashing recorded volume decline, suffering from the trend towards sustainable and more convenient products,...
Functionality, Naturalness and Stevia Key to Developing Beverages to Fit Today’s trends
Low calorie content is key to healthy beverages, but consumers are demanding more. Innovation is driven by naturally healthy and functional beverages. Consumers are turning away from artificial ingredients to more natural products, and demand for products which offer added value is increasing. As education about efficacious ingredients rises, claims should be harnessed for greater opportunities. This report looks at the potential for success of healthy drinks, and where further prospects may lie...
Financial Cards and Payments in the United Kingdom
Payment cards continues to increase its share of the overall UK payment market, as cash but also other payment instruments such as cheques are losing ground. Debit cards were the big winner in 2012, following an unstable economic environment which continues with little prospect of improving in the near future. The value of debit card transactions reported double-digit growth in 2012, while credit cards showed stagnant growth as consumers focused on reducing debts and not taking on new ones. In...
Financial Cards and Payments in Norway
Low unemployment and inflation rates distinguish the Norwegian economy from others in the Eurozone and Norwegian consumers continued to enjoy high salaries in 2012. Despite fluctuating economic performance during the review period, there was no downturn in financial card payments and transactions. High living standards are reflected by increasing consumer expenditure, which continues to be strongly linked to consumer finances. Financial cards and payments recorded positive growth in 2012
Consumer Lending in Israel
Although the lending market in Israel is unstable, with both fixed and flexible interest levels dropping since 2009 with the exception of a slight rebound in 2011, the consumer lending market continued to grow in 2012. In 2011, interest rates started to climb again and boosted value growth. However, this was one of the major reasons behind social based protests in the second half of 2011. After reaching a peak of 3.25% in August 2011, the simple nominal interest rate of the BOI (Bank of Israel)...
Consumer Lending in Australia
Fears of worsening economic conditions abroad coupled with media speculation regarding the emergence of a 2-speed economy persuaded consumers to continue to insulate themselves through efforts to deleverage and accumulate wealth. Consumers remained cautious of debt, choosing fixed over variable interest housing loans, making mortgage payments above those required and switching to debit cards from credit cards in 2012.
Consumer Foodservice in Norway
Consumer foodservice in Norway grew significantly in retail value terms in 2011 in comparison to 2010. The economic downturn in Europe in 2011 affects somewhat the economy but did not have a negative impact on the Norwegian economy because Norway was less exposed to the crisis. Norwegians continued to enjoy a good economy due the rapid increase in oil prices in recent years which drove the strong growth of Norwegians’ incomes. Consequently, this situation positively influenced consumer...
Consumer Electronics in Taiwan
With the mobile Internet becoming increasingly prevalent in Taiwan, more and more consumers are benefiting from the convenience provided by portable computing devices such as smartphones and tablets. Such devices allow consumers to e-mail, connect with friends via social networking websites and search for information at any time, thereby increasing the quality and convenience of their daily lives. As Taiwanese consumers became increasingly reliant on mobile Internet access at the end of the...
Consumer Electronics in Hong Kong, China
In 2011 consumers shifted their attention to electronic products with multiple functions. Compared with products which serve a single function, multifunctional products are more convenient and take up less space. The multiple functions of in-home entertainment products can save space in the small apartments in Hong Kong. This led to increasing sales of televisions with integrated internet connectivity. Moreover, consumers in Hong Kong prefer integrated products; multifunctional portable...
Consumer Lifestyles in Poland
Polish consumers have enjoyed the benefits of their country’s ‘economic miracle’ over the past several years and they did their part to contribute to growth through robust domestic spending. Consumers were also not shy about borrowing to fund their household expenditure. However, growth has recently slowed and the job market has tightened, leading to a feeling of hesitancy amongst many consumers that may affect spending and spur savings in the coming short term.
Consumer Lifestyles in Algeriav
Surrounded by Arab Spring turmoil, Algeria’s consumers have turned instead to the government for help in bettering their economic circumstances. The government has responded with high levels of public spending. Disposable income and consumer spending continue to increase and this is expected to continue as the government seeks to enhance opportunities in the job market, particularly for the young and for women, generating significant growth in demand for a wide range of products and services.
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