Trace Data Research

  The Philippines alcoholic drinks market is expanding rapidly, driven by urbanisation, evolving consumer preferences, and digitization. The market is dominated by spirits segment which accounts for 72% of the total alcohol consumption in 2024. Among the spirits brandy and gin are the top-selling categories, making Philippines the largest gin-consuming country globally. The growing premiumization is driving the demand for imported wine and high-end alcoholic beverages , with imported wine witnessing 12% year-on-year growth as of 2024. Further, online platforms are contributing to more than 20% of total alcoholic beverages sale in 2024. However, regulatory policies remain a major challenge for alcoholic drinks market in Philippines.  Emerging Growth Drivers The increasing disposable income of the middle class is driving the demand for premium alcoholic products. In 2024, per consumer average spend on alcohol has grown 15% year on year. This is leading to ...

  The Singapore executive education market is experiencing significant growth and has become premier destination attracting professionals from different industries. In 2024, country’s institutions recorded nearly 84% satisfaction rate among executive learners by providing high-quality programs. The market has become attractive for global learners, with over 45% of total enrolments in 2024 coming from international professionals. Also, many corporate companies are partnering with institutions to train and develop their employees. In 2024, more than 65% of Fortune 500 companies in Singapore adopted this trend.  Furthermore, government has launched many initiatives including SkillsFuture and Workforce Singapore (WSG) which provides funding and incentives, with up to 90% of subsidiaries on executive education programs .  Market Assessment The growing demand for hybrid and online learning is pushing institutions to offer programs that are mix of online and of...

  The Cold Chain market in South Africa is significantly growing and developing, supported by improved logistics technologies, as well as a growing demand for perishables. The market is valued approximately $9 billion as of 2024 , where this growth is supported by the expansion of sectors requiring temperature-sensitive logistics, including pharmaceutical, food, and other perishable goods. South Africa cold chain market has positioned itself as a key logistic hub in Africa, backed by its relatively advanced cold storage and transportation infrastructure compared to other regions. Trends Defining the Future The increasing adoption of technologies, such as IoT sensors, real time monitoring and GPS tracking has enhanced the efficiency of cold chain logistics in South Africa . These technologies help maintaining and monitoring temperature control ensuring reduce wastage and improving product integrity. South Africa market is investing heavily in cold s...

  The Thailand auto financing market is on its transforming journey and is growing at a steady pace despite various economic challenges. This growth is driven by the rise in electric vehicle (EV) adoption, increase demand for used vehicle financing, and advancement in financial technology which makes accessing auto loans more convenient. The Thailand auto financing market is dominated by banks and their subsidiaries due to their competitive interest rates and extensive customer base.  Who is Leading the Auto Financing Industry? The Thailand auto financing Industry is moderately fragmented with domestic banks holding majority of shares due to their extensive branch networks and customer bases. Major banks that dominate the market are Kasikornbank, Bangkok Bank, and Siam Commercial Bank, they provide financing services at competitive rates.  Non-banking financial companies (NBFCs) that manage about 6.5% of the market as of 2024, ...

  The Philippines industrial waste water treatment market has rapidly transformed in recent years. Stringent environmental regulations, industrial expansion, and the increasing adoption of sustainable water management practices are driving the market growth. The sector of waste water treatment industry is booming, as the manufacturing, pharmaceutical and electronics industries are developing rapidly. In 2024, industrial waste water accounted for over 30% of the total waste water generation and was approximately 4.2 billion cubic meters. Further, government of Philippines allocated PHP 12.3 billion for water infrastructure projects. Increasing awareness for latest waste water treatment technologies among enterprises is supporting the growth of the market. Request US Tariff Impact Analysis Trends Shaping the Market The government of Philippines has enforced strict environmental regulations. Department of Environment and Natural Resources (DENR), has registered high...