APPLE REGAINS WORLD'S MOST VALUABLE BRAND STATUS
SINGAPORE,June 15,2022 -- Apple sits on top of theKantar BrandZMost Valuable Global Brands 2022 ranking and is on track to become the first trillion-dollar brand. With a brand value of $947.1bn,Apple stands out for its high degree of differentiation and continued diversificationacross its hardware,software and services portfolio. Google moves up to second place and is one of the fastest risers in the ranking,increasing its brand value by 79% to $819.6bn. Google's suite of work and productivity apps have made it an essential part of consumers' lives worldwide.
The combined value of the world's Top 100 most valuable brands has increased by 23% to $8.7 trillion over the past year,highlighting the importance of brand strength in navigating anunsettled global economy.
Thirty-seven brands improved their ranking this year. In 2022,over three quarters of brand value originated from US companies. Media & Entertainment,Business Solutions & Technology Providers and Retail categories account for over half of the total value of the Top 100 ranking.
Kantar BrandZ Top 10 Most Valuable Global Brands 2022
Rank 2022
Rank change
Brand
Country of Origin
Brand Value 2022 ($M)
Brand Value 2021 ($M)
% Brand Value Change 2022 vs 2021
1
1
Apple
US
947,062
611,997
55%
2
1
Google
US
819,573
457,998
79%
3
-2
Amazon
US
705,646
683,852
3%
4
Microsoft
US
611,460
410,271
49%
5
Tencent
China
214,023
240,931
-11%
6
3
McDonald's
US
196,526
154,921
27%
7
1
Visa
US
191,032
191,285
0%
8
-2
Facebook
US
186,421
226,744
-18%
9
-2
Alibaba
China
169,966
196,912
-14%
10
11
Louis Vuitton
France
124,273
75,730
64%
Key trends highlighted in Kantar BrandZ'sglobal study include:
MICROSOFT,ZARA AND IBM lead the way in the new Kantar Sustainability BrandZ Index,which shows sustainability already accounts for 3% of brand equity and is expected to rise.
TESLAis one of this year's biggest success stories shifting to No.29 from No.47 mirroring the world-wide sales trend of electric vehicles more than doubling in 2021.
LOUIS VUITTON (No.10; $124.3bn)is the first luxury brand to reach the global Top 10 reflecting the growth of the luxury market worldwide and in China in particular. Louis Vuittonexperienced 64% growth in brand value this yearand is the first European brand to reach the global Top 10 since 2010.
NEWCOMERS in 2022's ranking emerge from a range of categories. Aramco,one of the world's largest integrated energy and chemicals companies debuted highest at No.16. India's IT services and consultancy Infosys arrived at No.64. Latin America's largest online commerce and payments ecosystem,Mercado Libre entered at No.71.
CHINESEbrands hold strong,despite facing unique pandemic challenges,placing twice in the global Top 10 with Tencent at No.5 and Alibaba at No.9. China is also the only market rivalling the USA's dominance in the Media & Entertainment category with WeChat at No.5 and TikTok at No.9.
Sector leaders come from a mix of industry sectors
Technology and Luxury brands grew the fastest; 46% for Consumer Technology and 45% for Luxury.Bank and Automotive brands also demonstrated impressive growth; Automotive by 34% and Banks by +30%. This compares to growth across sectors such as Apparel (20%) and Personal Care (17%). At a category level,Wells Fargo was the only new No.1 brand,moving from second to first place in the Banking category and replacing China's ICBC.
Category Leaders: Kantar BrandZ Most Valuable Global Brands 2022
Rank 2022
Category
Brand
Country of Origin
Brand Value 2022 ($M)
Brand Value 2021 ($M)
Brand Value Change
1
Alcohol
Moutai
China
103,380
109,330
-5%
1
Apparel
Nike
US
109,601
83,709
31%
1
Banks
Wells Fargo
US
43,052
27,995
54%
1
Business Solutions and Technology Providers
Microsoft
US
611,271
49%
1
Cars
Tesla
US
75,933
42,606
78%
1
Consumer Technology
Apple
US
947,997
55%
1
Fast Food
McDonald's
US
196,921
27%
1
Food and Beverages
Coca-Cola
US
89,985
80,484
12%
1
Luxury
Louis Vuitton
France
124,730
64%
1
Media and Entertainment
Google
US
766,779
N/A
N/A
1
Personal Care
L'Oréal Paris
France
47,480
38,309
24%
1
Retail
Amazon
US
281,695
N/A
N/A
1
Telecom Providers
Verizon
US
101,962
101,943
0%
*In Retail,the value of Amazon includes its retail businesses only; For Media & Entertainment,Google includes Google branded services and products,excluding Google Cloud.
"'Strong brand affinity underpins a customer's willingness to pay and has never been more important for organisations looking to offset spiking inflation," explains Martin Guerrieria,Head of Kantar BrandZ. "This year's results show us the value of continued investment in brand and marketing capabilities,as a means of maximising business returns,irrespective of market conditions."
Focus on brand-building,product and market diversification maximises business returns:
The pandemic has further accelerated growth of e-commerce in the retail category,hence brands with stronger connections to consumers were able to sustain their growth online and beyond.
Portfolio brands that continue to innovate and diversify their offer continue to grow,especially evident with Apple,Google and Amazon,amongst others,as their services cross technology,entertainment and payment services. Brands reliant on one category or market have the greatest risk profile,whereas brands that have diversified into multiple categories and markets showed faster brand value growth in 2022 and have a better chance of above-average growth.
To navigate a disruptive market,brands must lock down trust as a means of driving stability and safety. More than in the past,brands today must build trust on the basis of societal performance,not just product performance. Sometimes,this means a social purpose that is integrated into the entire organisation. Nike is a good example with its ongoing commitment to inspire and innovate for everyone,not just high-performance athletes,particularly girls and minority communities.
"Kantar BrandZ's 2022 global report,the 17th edition,uncovers the importance of brand-building to help survive market disruption,continues Guerrieria. Brands are typically the biggest assets businesses have,adding massive value to the balance sheet. In uncertain times,management decisions on marketing investment can be supported by proven metrics. Kantar BrandZ's brand valuations clearly show how great marketing connects to brand value in both the short and long-term."
Jane Ng,Head of Brand Guidance at Kantar in Singapore comments: "Southeast Asia is a unique region of emerging economies where world-renowned brands find themselves competing with local jewels who are looking to go global. In our region,we see the likes of Shopee,Gojek and Tokopedia enjoying strong growth and looking to expand their footprint abroad. Whether it is global brands looking to grow in Asia or local jewels going global,building powerful connections with consumers remains key to grow strong brand equity. Brands must understand how short and long-term brand equity levers can be pulled in the pursuit of sustainable business growth."
"As companies look for more growth,it will be key to connect their brands to more consumers,more categories and the sustainable world," Ng adds. "Sustainability is becoming an increasingly important differentiator in our region,with three in five Asians prepared to invest their time and money to support businesses that do good. The business case is clear for increased attention to sustainability and consumers have more incentive to partner with brands that have their houses in order around social responsibility and can make sustainable choices easy,compelling,and meaningful."
The Kantar BrandZ Most Valuable Global Brands 2022 ranking,report and extensive analysis are available now via www.kantar.com/campaigns/brandz/global
About Kantar BrandZ: Kantar BrandZ is the global currency when assessing brand value,quantifying the contribution of brands to business' financial performance. Kantar's annual global and local brand valuation rankings combine rigorously analysed financial data,with extensive brand equity research. Since 1998,BrandZ has shared brand-building insights with business leaders based on interviews with 4.1 million consumers,for 19,250 brands in 51 markets. Discover more about Kantar BrandZ here.
About Kantar: Kantar is the world's leading marketing data and analytics company. We have a complete,unique and rounded understanding of how people think,feel and act; globally and locally in over 90 markets. By combining the deep expertise of our people,our data resources and benchmarks and our innovative analytics and technology,we help our clients understand people and inspire growth.
