Category: Spirethoughts

CRM booms as the world stays at home

Prior to the pandemic, Customer Relations Management (CRM) solutions were already growing at an increasing rate. In 2020, Covid-19 sparked a significant year-on-year increase, growing the CRM market by 10% to reach US$52.6 billion.

Plant- based Food : Good for the planet?

Many are turning to veganism, influenced by the health movement and environmental concerns. The Global Vegan Food market is expected to reach US$31.4 billion in 2026, growing at an annual average of 10.5%.

Asia’s demand for Air Purifiers increases as air quality worsens

Decades of rapid industrialisation in Asia as well as a rising prevalence of air-borne diseases across the globe has fuelled the global Air Purifier market. Valued at US$10.6 billion in 2020, it is projected to reach US$20.82 billion by 2026, growing at an annual rate of 14.1% between 2019 and 2026.

APAC Silver Tsunami: Ageing Market worth US$4.56 trillion by 2025

Asia Pacific’s ageing market hit US$3.2 trillion in 2020, and is expected to expand rapidly by 43% in a short span of 5 years. By 2030, 32% of the APAC population will be over 50 years old, and projected to contribute 52% of the total consumer expenditure.

Asian Flavours gain popularity

Valued at US$15.44 billion in 2020, the global seasoning and spices market growth is expected to reach US$22.46 billion within the next seven years.