Below are the key trends highlighted in the new research.
Automotive
Globally, SUVs are the fastest growing light vehicle segment with demand increasing 5 percent each year between 2017 and 2022, outpacing the 3 percent sales growth for the overall light vehicles category.
“China and India are set to continue growing in both light vehicle production capacity and domestic demand, further challenging the United States,” says Eric Totaro, automotive analyst at Euromonitor International.
“By 2030, annual passenger car registrations in China are expected to more than double, growing from 22 million to 45 million,” continues Totaro.
Consumer Health
Consumer movement toward prevention over treatment represents the key emerging trend for consumer health, as vitamins and dietary supplements, sports nutrition and weight management products outpace over-the-counter, or OTC, from 2017 to 2022 at a compound annual growth rate (CAGR) of 3.2 percent, 6.8 percent and 2.9 percent, respectively, versus 2.1 percent for OTC products.
“Supplementation has become a cornerstone component of healthy living trends across developed and emerging economies, leading to a broader consumer interest for these products,” says Matthew Oster, head of consumer health at Euromonitor International.
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