Some, though not all, of the current trends are related to this epidemic. About . November 17, 2020 Elizabeth Doughman Global franchising company, FAT Brands, opened several ghost kitchen locations specializing in takeout and delivery orders throughout Texas, Pennsylvania and California this fall. China consumer spending for 2018 was $5,352.55B, a 12.81% increase from 2017. How will you drive competitive strategy in 2020, 2025, 2030 – and beyond? Facebook. By Vision Times Staff. Consumer Confidence in China averaged 110.72 points from 1991 until 2020, reaching an all time high of 126.60 points in December of 2019 and a record low of 97 points in November of 2011. Looking to 2020 and beyond, here are six emerging trends to keep an eye on: 1. Don’t miss this opportunity to stay one step ahead. Year-on-year change in trade revenue of consumer goods China by month 2015-2020 + Department store retail sales volume monthly in Great Britain 2015-2020 + … Log in. By Chuck Chiang | May 22, 2020, 6:00am With the Chinese economy now reopened – in some places almost fully - … While China’s consumer spending is expected to grow 55 percent from 2015 to 2020, consumer spending in the U.S.—the mother of all consumer cultures—will expand by 21 percent over the same period. What will drive that consumption growth? China's "Singles' Day" shopping event shows current consumer trends. By Jason Zhang Gone are the days when product adaptation was sufficient to meet the needs of Chinese consumers. arrow_forward. Figure 61: Total market value of major snack categories, China, 2014-24 Appendix – Market Segmentation. Each one features best-in-class innovation examples that collectively signal new emerging consumer expectations. Hello, 2021-2030! Although many bills are still in play in the United States, look to 2020 and beyond to see them go into effect. Given this, heritage brands should prepare for … Below, we forecast what China’s consumer market will look like in 2020, by which point China will have surpassed the U.S. as the world’s biggest economy, with an estimated gross domestic product of RMB 100 trillion (US$16 trillion). Subscribe! We bring together survey and social data from thousands of people around the world to find the biggest consumer trends for 2020. … And, in order to crack the code, it is critical to survey the landscape and evaluate what is working. Free Content. China consumer spending for 2016 was $4,344.47B, a 3.98% increase from 2015. SUSTAINABLE STEWARDS In 2020, sustainable lifestyles become the new status symbol. China has become an important global growth engine for many luxury brands but an over-dependence on this market could have catastrophic effects if the predicted consumption slowdown and modest economic growth forecasts for 2020 take hold. Hardly a day went by without news broadcasting cases of infection, jobless claims, business closures, and so on. Go to section ... Attitudes towards snacking, by consumer classification, China, November 2019 Appendix – Market Size and Forecast. This is how the world is searching. From KFC going meatless to Tesla getting into podcasting, the latest desires of the Chinese consumer are driving a number of interesting new trends in 2o2o. In September 2020, the index for consumer confidence in China ranged at 120.5 points, up from 116.4 points in August 2020. Services. China consumer spending for 2015 was $4,178.28B, a 8.66% increase from 2014. China consumer spending for 2017 was $4,744.77B, a 9.21% increase from 2016. With insight and analysis on shifting consumer trends over the next one, five and 10 years, discover how the seven consumer drivers will evolve markets like never before. Fast and frequent transformation of the consumer market in China over the next decade will pose a great challenge to companies’ talent strategies. 9 minute read. Show more. Consumer Confidence in China increased to 121.70 points in October from 120.50 points in September of 2020. Contact Us. arrow_forward. Vegan items continue to cause a stir. JD’s data and analysis of the first half of 2020 has revealed the following lasting trends, as people gradually adapt themselves to a new shopping normal in the post-COVID era: 1. Consumer Price Index CPI in China averaged 106.10 points from 2016 until 2020, reaching an all time high of 113.70 points in February of 2020 and a record low of 101.10 points in January of 2016. Every so often I get to step away from the day to day, and spend time being inspired by the world beyond our agency. 2020 derived its extraordinary status from the Covid-19 crisis. Featuring: Consumer Snacking Trends - China - Consumer market research report - company profiles - market trends - 2020 1. Join 100,000+ future-focused professionals in 180 countries already receiving our Free Trend Updates. However, that may be the easiest challenge. The policy landscape focused on end-of-life needs for products picked up in 2019. 2020-11-23 11:35:31 GMT 2020-11-23 19:35:31(Beijing Time) Xinhua English. China's "Singles' Day" shopping event shows current consumer trends Source: Xinhuanet| 2020-11-23 19:27:19|Editor: ... (Xinhuanet) -- Consumer choices during November 11 "Singles' Day" shopping event may indicate current retail trends in China. China's post-COVID consumer trends may offer preview of B.C. Based on the impact of severe acute respiratory syndrome on China’s retail market in 2003, it’s estimated that total retail sales in the first quarter of 2020 may drop around 5 per cent. The team at Dao Insights spell out the five trends you need to know. 0. Consumer Price Index CPI in China decreased to 111.40 points in October from 111.70 points in September of 2020. Method. Menu Free Content. Understand new global and regional consumer trends and uncover innovation opportunities. Live streaming is becoming popular in the Chinese e-commerce industry. Long before then, China is predicted to become the world’s largest retail market by 2016, at a value of around US$4.2 trillion. Group Buying, Consumer-to-Manufacturer, and Other 2020 Business Trends From China. US Elections in Search 2020 See how the US - and the world - are searching for the November 3 election. Mar 10, 2020 - China consumer trends 2020 | Marketing in China. Coronavirus Search Trends COVID-19 has now spread to a number of countries. This is what you need to know when you plan to do business in China. Uptake of vegan choices and lifestyles are rising quickly, especially with increasing concern around the climate. Download Historical Data Save as Image. Sign up for our Free Trend … Consumer Trends for 2020. Five consumer trends to watch in China in 2020. by Tom Pattinson 28 September 2020. Read more. Subscribe! Foreword So much has been said about the C -word these days. In this report, we identify five forces and 10 trends that will help reshape the future of retail in the year ahead. 4. How consumer trends ignite transformation in China’s New Retail 2020 Global Consumer Insights Survey China report. Log in. 1. China Internet Watch (CIW) is a leading digital publication on China internet statistics, trends, and insights covering retail & e-commerce, consumer products, media & marketing, finance, mobile, travel, and technology industries. 28 September 2020 0 comment. In addition, China has the largest and most complete supply chains in the world, and its GDP growth rate is more than double that of the United States. CIW Dossiers View a collection of information and statistics on a general topic, application, or company. Dive in, share it around, and use this as your innovation roadmap for the year ahead. We'll assume you're ok with this, but you can opt-out if you wish. Data Source: World Bank MLA Citation: … Businesses will need to find talent with the appropriate hard skills, such as data science. In 2020, evolving consumer preferences, shifting retail models and improved technical capabilities will drive change in global retailing. 's own future. Read the report. About. arrow_forward. Discover the latest market trends and uncover sources of future market growth for the Consumer Lending industry in China with research from Euromonitor's team of in-country analysts. 26 September 2019. Alibaba's e-commerce arm Tmall has revealed seven trends in China's F&B consumer market, including small packs, diet replacements, low-sugar, international, Internet sensation, inter-industry cooperation, and cultural element revival. A big step forwards in online shopping habits COVID-19 broke out during Chinese New Year, when most shops were closed, and people immediately turned to online shopping to stockpile essentials. Overview . The day saw an increase in online sales, as well as the types of items purchased, with clothes and other products traditionally bought in retail … Introduction: 10 Trends for 2020. BEIJING, Nov. 23 (Xinhuanet) -- Consumer choices during November 11 "Singles' Day" shopping event may indicate current retail trends in China. August 21, 2020. Policymakers seek to hold producers responsible for waste. Read more. China is the largest retail market in the world with 2018 Q1 consumer goods retail sales of USD 1,436.8 billion, an increase of 9.8% from the previous year. 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