Why the European Market Is a New Frontier Worth Investing In
Although the Chinese and ASEAN markets are large, the European market is attractive in terms of price structure and consumer behavior (CBI Ministry of Foreign Affairs, 2023) — (1) High purchasing power: consumers are willing to pay a premium price for products with quality, storytelling, and certified standards (2) Brand loyalty: a high repurchase rate once they trust the ethics and quality (3) The EU Green Deal policy: favoring environmentally friendly products.