Middle classes explosion

Global middle classes are expected to double by 2030. 

The composition of the global population is changing. Over the next few decades, the number of people considered to be in the ‘global middle class’ is projected to more than double, from 430 million in 2000 to 1.2 billion in 2030 (or from 7.6% of the world’s population to over 16%).  To put this in perspective, the World Bank predicts that by 2030, 93% of the global middle class will be from developing countries.

The associated growth in consumption driven by an exploding middle class is likely to be a key investment theme of the next two decades.