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.