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Purchasing power news, articles and videos from leading business publications from around the world. Find the latest news on purchasing power and other financial topics related to it.
In an economic development that speaks volumes about inflational stability, Germany's Harmonized Index of Consumer Prices (HICP) for December 2024 has remained unchanged at 2.8%, mirroring the same rate recorded in December 2023.The data, updated on January 16, 2025, suggests a consistent inflation rate in Germany when assessing a year-over-year comparison. While many anticipated shifts in consumer prices amid economic fluctuations, this consistent figure underscores a potentially stable economic environment heading into 2025.As businesses and consumers alike keep a close watch on inflation metrics that could affect purchasing power and economic planning, this stagnation at 2.8% may indicate an absence of significant upward pressure on prices for goods and services for now. Economists and policy makers may interpret this steadiness as a sign to uphold current monetary strategies, maintaining a balance between encouraging economic growth and keeping inflation in check.The material has been provided by InstaForex Company - www.instaforex.com
Specialty Food Ingredients Market to Surpass USD 240.9 Billion by 2028, Led by Industry Giants ADM (US), DSM (Netherlands), and International Flavors & Fragrances Inc. IFF (US)Delray Beach, FL, Jan. 23, 2025 (GLOBE NEWSWIRE) -- The global specialty food ingredients market is poised for significant growth, projected to reach a staggering USD 240.9 billion by 2028, soaring from USD 179.8 billion in 2023, exhibiting a robust compound annual growth rate (CAGR) of 6.0% during the forecast period. This dynamic expansion is fueled by a confluence of factors, primarily driven by the escalating consumer demand for healthier, more nutritious, and diverse food options. Download PDF Brochure Now Unveiling Specialty Food Ingredients: A Deeper Dive Specialty food ingredients encompass a diverse spectrum of components, including: Food Flavorings Market: Enhancing the taste profiles of food and beverages.Food Additives Market: Improving the texture, shelf life, and appearance of food products.Food Preservatives Market: Extending the product lifespan and ensuring food safety.Food Colorings Market: Enhancing the visual appeal of food and beverages.Functional Food Ingredients Market: Delivering specific health benefits beyond basic nutrition, such as: Probiotics Market: Promoting gut health and immune function.Prebiotics Market: Nourishing beneficial gut bacteria.Antioxidants Market: Combating oxidative stress and supporting overall health.Omega-3 Fatty Acids Market: Supporting brain health, heart health, and cognitive function. Make an Inquiry Now Driving Forces Shaping the Market Population Growth: The burgeoning global population, with approximately 250,000 individuals added daily, necessitates a commensurate increase in food production. This burgeoning demand fuels the market for innovative and value-added solutions, including specialty food ingredients that cater to diverse dietary needs and preferences.Globalization of Dietary Habits: As consumers become increasingly exposed to global cuisines, the demand for exotic and ethnic ingredients, such as spices, herbs, and flavor enhancers, has surged. This global culinary exchange fosters a dynamic market for these specialty food components.Health and Wellness Consciousness: The growing emphasis on preventive healthcare and the rise of health-conscious consumers are driving the demand for functional foods and ingredients that offer a range of health benefits beyond basic nutrition. Key Market Insights U.S. Market Dominance: The United States is anticipated to retain its position as the largest market for specialty food ingredients, driven by a diverse consumer base with significant purchasing power and a strong inclination towards culinary experimentation and new product exploration.Food Flavorings: A Flavorful Frontier: The food flavorings market is currently the dominant segment in North America, propelled by the continuous pursuit of unique and distinctive flavor profiles to cater to evolving consumer tastes.Functional Food Ingredients: The Future of Nutrition: The functional food ingredients segment is projected to exhibit the most significant growth during the forecast period, driven by the increasing consumer demand for products that offer tangible health benefits. Leading Players Shaping the Specialty Food Ingredients Industry ADM (US)DSM (Netherlands)International Flavors & Fragrances Inc. IFF (US)Kerry Group plc. (Ireland)Givaudan (Switzerland)Cargill, Incorporated (US)Sensient Technologies Corporation (US)Ingredion. (US)Chr. Hansen Holding A/S (Denmark)Tate & Lyle (UK)Amano Enzyme Inc. (Japan) Conclusion The specialty food ingredients market is a dynamic and rapidly evolving landscape, driven by a confluence of factors, including evolving consumer preferences, global dietary trends, and the increasing demand for innovative and health-conscious food products. As consumers continue to prioritize health, convenience, and culinary exploration, the market for specialty food ingredients is poised to maintain its upward trajectory in the years to come. CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan Salgarkar MarketsandMarkets Inc. 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445 USA: 1-888-600-6441 UK: +44-800-368-9399 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com/
…Rwanda is still poorer than most African countries due to being less urbanized than most African nations (Rwanda is 82% rural compared to Sub Saharan Africa’s 57% average). Rwanda’s donor aid adds up to ~75% of Rwanda’s government spending, which is roughly $1B. The average Rwandan makes $1K a year ($3300 at purchasing power parity). At purchasing power parity, […]
In a promising turn for the French economy, the consumer price index (CPI) has experienced a significant decrease in February, according to the latest data available as of 28 February 2025. The CPI has fallen to 0.8%, a noteworthy slump from January’s figure of 1.7%. This annual comparison indicates a substantial cooling of inflationary pressures in France as February's rate reflects the change from the same month a year ago.The sharp decline aligns with broader economic trends and could be interpreted as a response to recent monetary policies aimed at stabilizing prices and enhancing consumer spending power. Economists and policymakers will be closely monitoring these figures as lower inflation can suggest more purchasing power for consumers, potentially driving economic growth.As this data develops, the positive news might provide some relief to French households which have been balancing the effects of economic uncertainties and varying price levels. It represents a hopeful indicator for a more stable economic environment in the upcoming months. The continued stabilization of inflation rates could lead to more consumer confidence and healthier spending patterns, potentially bolstering overall economic health.The material has been provided by InstaForex Company - www.instaforex.com
As of February 2025, Brazil's IPC-Fipe Inflation Index, which measures the general price changes in São Paulo city, experienced a significant rise, reaching 0.51%. This is a noticeable increase from January's rate of 0.24%, according to the latest data updated on March 6, 2025. This month-over-month comparison reflects a more than double growth rate in consumer prices within the city's economy.This hike marks an essential shift in the inflationary trend, indicating increased prices of goods and services compared to the previous month. Economic analysts are keenly observing these indexes as the early months of 2025 unfold, trying to assess the underlying factors contributing to this uptick. This development could have implications for policymakers and economists who track inflation to gauge the economic health of the region and inform monetary policy.The market will be closely monitored for further shifts, as investors and citizens anticipate potential impacts on purchasing power and cost of living. The increased IPC-Fipe rate highlights the ongoing volatility in urban consumer prices, which may affect financial forecasting and budgeting for both businesses and households in the months to come.The material has been provided by InstaForex Company - www.instaforex.com
Hungary's retail sector has shown a robust recovery, with retail sales climbing by 4.7% in January 2025, according to the latest data released on March 6, 2025. This marks a notable increase from December 2024 when the growth was stagnant at 0.0%. The current rise highlights a year-over-year comparison from January 2024, demonstrating a significant upturn in consumer spending.The January figures reflect a strong rebound in consumer confidence and spending power, a crucial component of Hungary’s economic strength. The positive change suggests an increase in domestic consumption, which may continue to drive economic growth in the coming months.The improvement in retail sales is a promising sign for Hungary's economy as it indicates better purchasing power among consumers and could suggest that other sectors may also begin to experience growth. Analysts suggest this change may be attributed to a combination of factors including economic policies, consumer incentives, or broader economic conditions improving over the past year. Further analysis will be necessary to understand the drivers behind this positive performance fully.The material has been provided by InstaForex Company - www.instaforex.com
In comparing the GDP size of countries, I use the purchasing power parity (PPP) values, not current values for two reasons. One is that PPP adjusts prices of a comparable basket of commodities that reflect varying standards of living in various nations, each of which has its own currency. And two, PPP values are consistent […]