Our analysis of 23 consumer product goods categories in 11 Asia-Pacific markets from 2018 to 2022 shows that while insurgents have made significant inroads, many incumbents have main-tained or even increased their market share.
No single category or market factor explains the success or failure of incumbent brands. Channel dynamics seem to be more influential than category characteristics. But what matters most is how incumbents manage their categories and brands.
Successful incumbents blend their inherent strengths with insurgent strategies, leveraging scale while embracing agility and innovation.