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Five Key Growth Trends for Asia Retailing
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Head of Retailing Michelle Grant presented this session at APRCE 2017 in Kuala Lumpur.
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Five Key Growth Trends for Asia Retailing
1.
FIVE KEY GROWTH
TRENDS FOR ASIA RETAILING MICHELLE GRANT HEAD OF RETAILING APRCE 2017, Kuala Lumpur
2.
© Euromonitor International 2 Euromonitor
International FIVE KEY GROWTH TRENDS FOR ASIA RETAILING
3.
CONSUMERS IN 2021 CHINA
AND INDIA MODERNISATION OF GROCERY FASHION’S TRANSFORMATION RISE OF DIGITAL COMMERCE KEY TAKEAWAYS
4.
© Euromonitor International 4 Asian
consumers are changing FIVE KEY GROWTH TRENDS FOR ASIA RETAILING Urbanisation Households Ageing Income
5.
© Euromonitor International 5 Asia
will continue its rapid urbanisation FIVE KEY GROWTH TRENDS FOR ASIA RETAILING 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 2016 2017 2018 2019 2020 2021 People Urban Population by Country China India Indonesia Others
6.
© Euromonitor International 6 Single
households will grow the fastest FIVE KEY GROWTH TRENDS FOR ASIA RETAILING Other Couple w/ children Single parent Couple w/out children Single person
7.
© Euromonitor International 7 Emerging
markets will experience strong income growth FIVE KEY GROWTH TRENDS FOR ASIA RETAILING 0 5 10 15 20 25 30 35 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 %Growth2016-2021 Median Household Income, US$ The Growth of Median Household Income Vietnam Thailand Malaysia China Indonesia Taiwan South Korea Japan Hong Kong Singapore India Philippines
8.
CONSUMERS IN 2021 CHINA
AND INDIA MODERNISATION OF GROCERY FASHION’S TRANSFORMATION RISE OF DIGITAL COMMERCE KEY TAKEAWAYS
9.
60% of Asia Pacific
retail sales growth will come from China and India in the next five years
10.
© Euromonitor International 10 Fastest
growing channels FIVE KEY GROWTH TRENDS FOR ASIA RETAILING China Digital Commerce Supermarkets Home and Garden Specialists India Digital Commerce Traditional Grocers Jewellery and Watch Specialists
11.
CONSUMERS IN 2021 CHINA
AND INDIA MODERNISATION OF GROCERY FASHION’S TRANSFORMATION RISE OF DIGITAL COMMERCE KEY TAKEAWAYS
12.
© Euromonitor International 12 Modern
grocery channels growing quickly in emerging markets FIVE KEY GROWTH TRENDS FOR ASIA RETAILING 0 1 2 3 4 5 6 7 8 9 10 2017 2018 2019 2020 2021 %Growth Y-o-Y Growth by Channel, Asia Pacific Convenience Stores Hypermarkets Supermarkets Traditional Grocers
13.
© Euromonitor International 13 India
still relies heavily on traditional grocery FIVE KEY GROWTH TRENDS FOR ASIA RETAILING Traditional Grocery Location Daily Inexpensive Relationships
14.
© Euromonitor International 14 Supermarkets
and hypermarkets appeal to shoppers FIVE KEY GROWTH TRENDS FOR ASIA RETAILING Assortment Price Quality Modern environments
15.
© Euromonitor International 15 Convenience
stores bring modernity to traditional shopping FIVE KEY GROWTH TRENDS FOR ASIA RETAILING Operations Franchises Longer operating hours Better locations Experience Modern environments Social places Assortment
16.
CONSUMERS IN 2021 CHINA
AND INDIA MODERNISATION OF GROCERY FASHION’S TRANSFORMATION RISE OF DIGITAL COMMERCE KEY TAKEAWAYS
17.
© Euromonitor International 17 Fast
fashion outpaces specialists growth FIVE KEY GROWTH TRENDS FOR ASIA RETAILING 0 2 4 6 8 10 12 14 16 18 2012 2013 2014 2015 2016 %Growth Fast Fashion Growth Compared to Specialists Fast Fashion Apparel Specialists
18.
© Euromonitor International 18 Sports
good stores benefit from rise in sportswear FIVE KEY GROWTH TRENDS FOR ASIA RETAILING 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 China India Japan South Korea Hong Kong, China Thailand Taiwan Indonesia Malaysia Philippines Vietnam Singapore US$ millions 2011-2016 Absolute Growth in Sportswear, Asia Pacific
19.
CONSUMERS IN 2025 CHINA
AND INDIA MODERNISATION OF GROCERY FASHION’S TRANSFORMATION RISE OF DIGITAL COMMERCE KEY TAKEAWAYS
20.
9%In-store sales growth 80%E-commerce
sales growth 103%M-commerce sales growth
21.
© Euromonitor International 21 Digital
commerce development varies by country FIVE KEY GROWTH TRENDS FOR ASIA RETAILING 0 10 20 30 40 50 60 70 80 90 100 South Korea China Taiwan India Japan Indonesia Pakistan Thailand Vietnam Philippines % Share Retail Sales by Channel, 2021 In-Store E-Commerce M-Commerce
22.
CONSUMERS IN 2025 CHINA
AND INDIA MODERNISATION OF GROCERY FASHION’S TRANSFORMATION RISE OF DIGITAL COMMERCE KEY TAKEAWAYS
23.
© Euromonitor International 23
Changing consumers require different tactics China and India are the strongest growth markets Emerging markets are embracing modern grocery Fashion retail is transforming The power of digital is undeniable Key takeaways FIVE KEY GROWTH TRENDS FOR ASIA RETAILING
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THANK YOU FOR
LISTENING Michelle Grant | Head of Retailing Michelle.grant@euromonitor.com @EMI_MichelleG www.linkedin.com/in/migrant1
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