Top 10 global Consumer trends for 2021
The global consumer landscape is changing rapidly. As technology advances, cultural shifts emerge and attitudes evolve, businesses must react appropriately to remain relevant. Understanding current consumer trends enables brands to stay at the forefront of cultural conversations and marketing strategies. Explore the key global consumer trends of 2021 and how they will impact marketing strategies in the year ahead.
1- Build Back Better.
Consumers are demanding in this first trend that firms take care of revenue and do not see corporations as profit-driven organizations anymore. The new goal for Build Back Better is to protect the health and interest of society and the earth. Companies should contribute to a more sustainable re-forming of the world, from a volume-to-value economy to social inequalities and environmental degradation.
2- Craving Convenience
Consumers want the comfort of the pre-pandemic environment, they want to be made easy before everyday routines are updated. Companies under pressure must quickly modify their processes, while retaining convenience, to produce a durable client experience. Companies must keep the shopping trip across all channels quick and smooth.
3- Outdoor Oasis
Threats to health, interior and mobility constraints, and an increase of distant work make customers a recreational and recreational outside oasis. Some even want to move from heavily crowded towns to rural locations. Businesses have implemented state-of-the-art health precautions and relocated events away so that customers may interact more safely from home. Companies should focus their product development strategy on the peacefulness of rural living in urban surroundings to improve the satisfaction of urban residents.
4- Phygital Reality
Phygital Reality is a hybrid environment of physical and virtual life, with users living, working, shopping, and playing fluidly in person and online. Digital solutions enable customers to remain connected at home and to safely reenter the world when economies reopen. Businesses may combine virtual operations in their real venues to provide consumers the comfort to choose from. The provision of electronically enabled home experiences is essential for selling and gathering data on e-commerce.
5- Playing With Time
Consumers may now be both creative and motivated to do anything with their time. Companies should develop solutions that satisfy the consumer’s need to make time more flexible, especially when accessing goods and services from or close to the home.
6- Restless and Rebellious
Consumers are Restless. The norm has been mistrust in leadership. Confidence crisis is caused by ignorance and prejudice. These self-care enthusiasts are rebelling, setting their needs first, and wanting, since they have suffered, put others first and left out. Companies can provide more accurate social media and game marketing to help rebellious people, where customers can have the voice and pressure of social giants to mislead.
7- Safety Obsessed
The new wellness movement is Safety Obsessed. Infection fear and greater knowledge of health boost hygiene goods demand and lead customers to contactless exposure-preventing solutions. Enhanced safety and innovation initiatives aimed at customer reassurance should be implemented by companies.
8- Shaken and Stirred
The worldwide epidemic reshaped life, mental resilience, experiences restricted and economic shocks provoked. In the path to a more satisfied, balanced, and self-improved existence, consumers have a different perspective of themselves and their role in the world. Businesses should deliver products and services that promote mental wellness resilience and that assist shaken and rocked clients cope with unfavorable conditions.
9- Thoughtful Thrifters
Careful and frugal are consumers. Due to the uncertain economic climate, discretionary expenditure is decreasing. Thoughtful Thrifters give priority to value-added items and healthcare services. Companies should focus their proposals on value for money and offer inexpensive choices without sacrificing quality. Premium characteristics should be strengthened by a new empathy and a strong connection with well-being, health, and well-being, or mental well-being.
10- Workplaces in New Spaces
In 2020, a new meaning came out of office. Workplaces in new areas have a devastating impact on consumer life, from wardrobe choices to technology, food habits, and so on. Consumers are looking for new methods to define their working days since their time is hard to manage. The work-life balance, productivity, and communication requirements must be supported by companies. Comprehension of the advantages and difficulties of remote work helps organizations to take the best of the workplace home.
How should businesses respond to this trends?
With the COVID-19 epidemic enduring changes to consumer conduct, these patterns were never more essential to companies.
More than ever, brands should focus on inexpensive, value-added goods and services. Just as consumers have to think of their houses as more multipurpose, brick-and-mortar shops need to reproduce their physical areas to suit new business practices while offering consumers the demand for safety and convenience.
It is important to invest in technology and virtual experience to promote online and personal connections with consumers. In 2021 the consumer will be enhanced through goal-driven activities. Consumers demand the facts and want brands to respond in the face of societal turmoil. Communicating with compassion and promoting mental well-being is essential to the loyalty of the brand.
A copy of Euromonitor International’s Top 10 Global Consumer Trends report is available for more insight into these patterns.
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