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Asia Consumer Insights Q3 2019

08/01/2020

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Asia Consumer Insights Q3 2019

The Future of Convenience Stores in Taiwan and the Philippines
 
Global FMCG value share by channel indicates Convenience Stores (CVS) now account for only 4.2% with a healthy growth of 2.5%, and it’s forecasted that there will be not much change by 2025 in terms of value contribution.
 
However, we see a huge potential of growth for CVS across Asian markets. In our latest Asia Consumer Insights report we put the spotlight on Taiwan and the Philippines jointly with other topics:

  • Q3 2019 Asia FMCG Overview
    • Asia FMCG maintains a stable growth of 4.7% in Q3 2019.
    • All key sectors observe positive performance with non-food sector continuously growing ahead of total FMCG market.
  • The spotlight of the quarter
    • The difference in the development level of CVS retail format between Taiwan and the Philippines.
    • Identifying challenges and opportunities for future growth of CVS in Asia to acquire new shoppers.

Download our quarterly paper on the right side and contact us to get a full picture of the key FMCG performance indicators, consumer insights, trends and opportunities across Asia.

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Fabrice Carrasco

Managing Director, Vietnam & Philippines | Asia Strategic Projects Director

 

+84 28 3930 6631

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