HONG KONG, Sept 13 (Bernama-BUSINESS WIRE) -- Asia Pacific and Australasia will become an e-commerce powerhouse in 2021 and beyond, due to e-commerce sales opportunities of over $68.5 billion, according to a new report from global market research company Euromonitor International.
In the report, “Retail in Transition: Future E-commerce Opportunities in Asia Pacific and Australasia,” exploring digital trends and opportunities in the region, Euromonitor estimates that Asia Pacific and Australasia’s online sales expansion will account for more than 45% of global e-commerce growth from 2020 to 2025.“Mobile shopping and digital commerce have become new common practices for consumers who are healthier, more fitness centric and value experiences over tangible goods,” says Emily Leung, senior analyst at Euromonitor International.
Food and drinks online sales, in Asia Pacific and Australasia, will nearly double, reaching $172.8 billion by 2025, with fresh food, alcoholic drinks and packaged food products set to represent more than 57% of total unmet e-commerce opportunities, and driving further growth in the region.
“The role of the brick-and-mortar store is also shifting from a point of purchase into an experiential centre,” Leung adds.
More than 80% of professionals working at retailers and consumer goods brands reported their companies are exploring alternative ways of doing business, according to Euromonitor’s Voice of the Industry: Digital Survey 2020. Retailers must rethink the fundamental purpose of a channel and their go-to-market strategies to cater to the digital shift.
Download the free report to discover emerging e-commerce trends and opportunities in Asia Pacific and Australasia.
About Euromonitor International
Euromonitor International is the world’s leading provider for global business intelligence, market analysis and consumer insights. From local to global and tactical to strategic, our research solutions support decisions on how, where and when to grow your business. Find the right report, database or custom solution to validate priorities, redirect assumptions and uncover new opportunities. With offices around the world, analysts in over 100 countries, the latest data science techniques and market research on every key trend and driver, we help you make sense of global markets.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210912005019/en/
Contact
Louise Pang
Senior Communications Executive - Euromonitor International
Tel: +852 3461 3137 ext. 3142
Louise.Pang@euromonitor.com
Source : Euromonitor International
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