Asia is a growth opportunity.
Asia remains an area of opportunity given the continued growth in demand for general consumer, accessible luxury and luxury goods.
Consumer consumption is a major growth driver.
This demand will continue to grow as many of the countries in the region, led by China and its current 5 year plan, are focused on maintaining harmony in their societies by reducing the inequality gap and developing consumer consumption as a major economic growth driver.
Driven by the fast growing middle income group.
Middle income consumers are at the forefront of the consumption driven growth in the accessible luxury and luxury sectors taking place across the region with private consumption set to hit US$9 trillion by 2020 in China alone.
In Indonesia, this group is approximately 40% of the population (90 million people) and projected to grow to more than 150 million over the next 4 to 10 years, matched simultaneously with rising incomes.
Unique opportunity across Asia to build brands for today and the future.
Your company has a unique opportunity to tap into both the existing burgeoning consumer market and more importantly, to establish an aspirational base with the millions who will be transitioning into this income grouping over the coming decade. China, Indonesia, Vietnam, Malaysia, Thailand and the Philippines are all at the forefront of this wave of consumer driven consumption.