NEW YORK: The U.S. toy industry will discuss strategies for expansion in Brazil and China, two of the world's most populous countries here on Sunday, according to a press release from The Toy Association.
The American toy industry association will present its latest global market research on Brazil and China during two of its Knowledge Network seminars Sunday morning at the 2019 North American International Toy Fair which opened on Saturday at the Jacob K. Javits Convention Center in New York, reports Xinhua.The seminars will provide in-depth analysis to help U.S. toy companies that are considering international expansion in these markets, said the press release.
"Brazil is the largest economy in South America with a population of more than 200 million -- 45.7 million of whom are kids 0 to 14 years old. China is the world's most populous country with nearly 1.4 billion people living there and over 236 million kids 0 to 14 years old," said Anne McConnell, the association's senior director of market research and data strategy.
"The seminars are meant to explore both countries and their specific cultural preferences, business environments, and market demographics to help growing companies gauge whether their brands and products are a good fit in these regions," said McConnell.
During the educational sessions, McConnell will provide an overview of each country's demographics and business environment.
Philippe Guinaudeau, CEO of market research firm Kidz Global, will discuss consumer preferences in Brazil and China, including relevant insights into children's daily routines and their digital activities, play trends, popular entertainment brands, pocket money trends, and others.
In an exhibition space of 41,528 square meters, over 1,000 toy companies and some 30,000 industry professionals, including more than 7,000 international buyers, have gathered in the Big Apple for the four-day deal-making and networking event.