This webinar introduces the Global Consumption Database, a freely available online tool providing market data on consumer spending patterns in developing countries. The database aims to help businesses better understand opportunities in emerging markets by offering detailed spending data across various levels, from the country level to specific product and service categories. It covers 92 emerging markets and provides insights into a $5 trillion annual market at the "base of the pyramid" level. Feedback is welcomed to further refine the database.
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
Discover BOP Market Insights with the Global Consumption Database
1. Data insights into
the BOP market
size
Webinar
June 24, 2014
4:00 to 5:00 p.m. Geneva time
2. Welcome to this webinar
• WBCSD focus: scale up action, develop skills, gain greater insights,
and overcome both internal & external barriers to scaling up inclusive
business ventures in emerging markets around the world
• One of the key barriers: data to inform business strategy is often
difficult to find – key input for early-stage research and analysis of
opportunities
• Today’s webinar: share key takeaways about the Global
Consumption Database, a freely available resource recently launched
by IFC, a member of the World Bank Group
• Valuable market data platform providing insights on consumer
spending patterns in developing countries – How much do
households living at the BOP spend on food? water? energy?
housing? etc.
3. 1. Introduce the Global Consumption
Database & how to use it
2. Open up for questions, comments,
feedback
3. Wrap-up
What are we going to do during this hour?
4. WBCSD
Filippo Veglio
Director, Social Impact
IFC Inclusive Business Model Group
Eriko Ishikawa
Global Program Manager
Sabine Hertveldt
Senior Operations Officer
Kathy Gaertner
Associate Operations Officer
Who is on the line?
6. Agenda
Introducing the Global Consumption Database 6
Challenges with market data
What is the Global Consumption Database?
Key data points
Next steps
Exploring the database
7. Barriers include:
Businesses face challenges obtaining data on
emerging markets consumers
Introducing the Global Consumption Database 7
A lack of market data for many emerging markets and for
lower consumption segments
Customized market research often costly for
exploratory phase
Existing data often too high level and not available for
custom analysis
8. Global Consumption Database:
Database offers comprehensive dataset on
consumer spending in emerging markets
Introducing the Global Consumption Database 8
Online tool designed for wide variety of potential users,
especially for those formulating business strategies
Includes spending data for all consumption segments,
from lowest to higher
Data freely available for download and custom
analysis, including product/service level data
9. Country 92 emerging markets
Database enables companies to do detailed
market analysis on a variety of levels
Introducing the Global Consumption Database 9
Location
Consumption
segment
Sector
Category
Specific products
& services
Rural and urban areas
Lowest, low, middle, higher segments
Food & beverage, housing, clothing & footwear, energy, transport,
health, ICT, education, personal care, water utility, financial services
15 sub-sector level categories: including dairy, grains, meat and fish,
and fruits and vegetables within the food and beverage sector
107 detailed sub-category items: including fresh milk, preserved milk,
eggs, butter, and cheese within the dairy category
10. Helps companies expand to new markets, new
consumer segments
Introducing the Global Consumption Database 10
“…We have a new, up-to-date, and authoritative source of intelligence about the size
of the current BoP market, how the majority of humanity prioritizes spending, and
where companies might effectively focus their attention in exploring new business
opportunities among the world's underserved… [the] new data base will soon become
an indispensable tool for any entrepreneur or company serious about inclusive
business.”
~ Stu Hart, S. C. Johnson Chair Emeritus in Sustainable Global Enterprise, Cornell
University and co-author (with C.K. Prahalad) of "The Fortune at the Bottom of the Pyramid."
Lowers upfront cost to explore business opportunities
Size up existing demand and willingness to pay in particular product
and service categories
Identify sectors and categories where demand may be latent
Clarify needs for where more in-depth market research is needed to
evaluate specific opportunities
11. Introducing the Global Consumption Database 11
* In 2005 purchasing power parity terms
The base of the pyramid (BOP) is a large
global market
Base
of the
Pyramid
Lowest
Consumption
Segment
Low
Consumption
Segment
4.5 billion people
Already $5 trillion* market
12. Introducing the Global Consumption Database 12
* Figures in 2005 purchasing power parity terms
Points of Note:
• Food & beverage spending share
decreases as total spending rises
• Transportation’s spending share
increases the most of any sector as
spending rises
• BOP spends more in aggregate than
the higher consumption segments
combined in food and beverages,
energy
Majority of BOP spending goes to food &
beverages
$77B
13. The “BOP” itself is a very diverse group
Introducing the Global Consumption Database 13
* In 2005 purchasing power parity terms
Spending: “BOP” encompasses 3 billion people spending less
than $3/day* and 1.5 billion people who spend up to
3x that amount
Location: 1.7 billion in urban environments 2.8
billion in rural areas
Age: 44% under age 20; 61% under age 30
Illustrative data points:
Requires different types of products, distribution
channels, pricing and payment options
14. Next Steps for the database
Introducing the Global Consumption Database 14
Add new survey data, as available
Possibly add staff projections for market size in
2020
Refine database site based on user feedback
Please let us know which data you are using
and what you would like to see!
inclusive business@ifc.org
http://datatopics.worldbank.org/consumption/
15. Exploring the Global Consumption Database
Introducing the Global Consumption Database 15
16. Country Level Data: Country Dashboards
Introducing the Global Consumption Database 16
17. Sector Level Data: Sector dashboards
Introducing the Global Consumption Database 17
18. Detailed product/service data: Dairy example
Introducing the Global Consumption Database 18
Food &
Beverage
Dairy
Cheese Fresh Milk
Preserved
milk
Eggs Butter
Grains
Meat &
Fish
Fruit &
Vegetables
…
Sector Level
Category Level
Product Level
19. Technical Notes: Important points for analysis
Introducing the Global Consumption Database 19
Links to actual survey:
Full list of sectors, categories, product/services:
Step 3: Mapping commodities to the ICP/COICOP classification
“Detailed description of sectors, categories, and products and services”
List of items mapped to each product/service, by country:
Step 3: Mapping commodities to the ICP/COICOP classification
“Summary table indicating the number of items mapped to each COICOP product/service”
Sample size by country: