date:May 15, 2014
before and with higher disposable incomes, are spending more on premium products than their peers in Europe and United States where consumers remain cautious after a long period of economic gloom, Yu said.
Beverage, cooking oil and personal care products provide a clearly marked path for consumers to trade up to more advanced formats or add a new step to an existing regime.
For example, consumers have moved from two-step to four-step daily dental care that includes toothbrush, toothpaste, mout