Consumer trend
Sources:
Here are some key consumer trends discussed by experts across various podcasts:
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Clean Movement:
- The shift towards natural and clean ingredients in products like beauty, deodorants, and supplements is driven by Millennials and Gen Z consumers who expect organic and non-toxic options 1.
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Sustainable Practices:
- Consumers are increasingly valuing sustainability, with a notable rise in demand for eco-friendly products and practices. This trend has particularly accelerated post-pandemic, with many focusing on minimalism and reducing clutter 2.
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Digital and Online Shopping:
- The transition to online shopping has surged, including online grocery shopping and curbside pickups, a trend vastly accelerated by the pandemic. This shift is expected to remain significant even as stores reopen 3.
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Experience Economy:
- There is growing emphasis on experiences over ownership. Consumers prioritize experiences and joy-inducing purchases over accumulating material goods. This marks a shift towards a more mindful consumption pattern across all industries 2.
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Underserved Segments:
- Brands targeting underserved demographics, such as men's grooming products and Gen Z-specific products, are rapidly growing. Customization and close consumer engagement through social media are critical in these segments 1.
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Live Streaming:
- Live streaming is emerging as a significant trend, blending online and offline experiences. It creates new ways for customers to interact with brands and products 4.
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Health and Wellness:
- Products aligning with health and wellness trends, such as low-calorie beverages like hard seltzers, are seeing sustained growth. Innovations that cater to long-term health trends tend to have more lasting power compared to short-lived fads 5.
These trends reflect a broader change in consumer priorities, driven by technology, sustainability, and a desire for meaningful experiences.
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