Share:Asian countries are expected to exhibit the biggest growth of the consumer class among the world’s 30 biggest consumer markets. The consumer class is defined as a group of people who spend more than $11 per day. Philippines will add almost 38 million people to the consumer class by 2030, rising 7 spots to reach 13th rank in the list of the world’s biggest consumer markets. This will cause Indonesia to become the fourth biggest consumer market in the world behind the giants of the field – China, India and the United States. Everyone is familiar with consumer class growth in China and India.

Source: The Nation January 11, 2022 18:59 UTC