Key takeaways inspired by Euromonitor International's global consumer trends 2025 report
Yury Shishkin
CEO & Founder of 24TTL | Stanford SEP | Enhancing online retail through technology and AI
Key Takeaways: Top Global Consumer Trends 2025 by Euromonitor International
Hello, LinkedIn friends! Recently, I came across an interesting new report from Euromonitor International packed with valuable information and insights about emerging trends in e-commerce, retail, and consumer lifestyles.
1?? Adapt to Value-Driven Spending
- Economic challenges are reshaping priorities: 72% of consumers are concerned about rising costs, and 48% plan to save more. Yet, 50% are willing to pay more for time-saving solutions, highlighting opportunities for brands to balance affordability with efficiency.
- Private-label brands have gained market share by offering high value at competitive prices, outperforming traditional players.
2?? Capitalize on Wellness Trends
- The global market for vitamins and supplements is projected to reach USD 139.9 billion by 2025, driven by demand for preventative health solutions.
- Over 50% of consumers believe they will be healthier in five years, with 54% knowing which supplements suit their goals, presenting opportunities for targeted, innovative products.
3?? Sustainability Meets Practicality
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- 63% of consumers prioritize eco-friendly actions, yet 40% cite high costs as a barrier. Brands like Procter & Gamble’s Tide Evo—a concentrated detergent with paper packaging—show how sustainability can align with affordability and convenience.
4?? Simplify the Shopping Journey
- Consumers demand easier access to products, with 42% purchasing via livestreaming for clearer product details and 35% seeking better online navigation.
- Innovations like Amazon's AI assistant, Rufus, demonstrate the value of personalized, streamlined shopping experiences.
5?? Leverage AI with Transparency
- While 43% trust generative AI, skepticism about misinformation persists. Younger consumers, however, see potential in AI-driven personalization.
- Companies like LG are enhancing trust by integrating AI with human-centric features, such as emotion-adaptive smart devices.
Follow the link to read the full report??https://eu1.hubs.ly/H0f9jsV0
?Have you noticed any changes in your customers' preferences?
Optimizing logistics and transportation with a passion for excellence | Building Ecosystem for Logistics Industry | Analytics-driven Logistics
3 个月What are some potential implications of these trends for businesses in the e-commerce and retail industries? #consumerbehavior #futuretrends.
Experience the future of choice with choiceMaster. Empowering us to make informed choice decisions. Make a choice for the better. It pays to know | Applied Artificial Intelligence | Feature Selection & Extraction
3 个月Thanks for sharing Yury.