Consumer brands industry trends
WebData shared in early 2024 has shown that the share of own-label CPG products increased slightly from 52.4% to 53.2% compared to a year ago, while sales of similar branded … WebSep 4, 2024 · 2. Elusive digital profits. Since the pandemic began, growth of digital commerce has accelerated for retail and consumer products. In July, online sales grew 55% year over year, to $66.3 billion. Mobile sales have been on the rise for some time, accounting for nearly 75% of the $72 billion incremental e-commerce growth in 2024.
Consumer brands industry trends
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WebJul 30, 2024 · After 40 years of outperformance enabled by a widely used five-part success model, the global consumer packaged goods (CPG) industry struggled to grow over … WebFeb 28, 2024 · The Rise of Plant-Based. More than half of consumers in the United States are eating more plant-based foods, and its popularity is expected to grow in 2024. Plant-based diets have increased 300% for Americans in the last 15 years, and global retail sales of plant-based food alternatives may reach $162 billion by 2030 — up from $29.4 billion ...
WebApr 14, 2024 · 5. Focus on the additional functional benefits. The light food industry in China has expanded beyond its initial focus on muscle gain and fat loss, now … WebJan 6, 2024 · Direct-to-Consumer (DTC) sales are projected to keep growing as more brands move to the eCommerce space and established DTC players continue to expand their existing market. It’s projected that in the US alone, digitally native brands will reach $44 billion in sales by 2024, and established DTC brands will reach $138 billion in sales.
WebNov 29, 2024 · In fact, according to research by Metrigy, CX is the number one priority for companies increasing their technology spend during 2024, with 65 percent of … WebDec 16, 2024 · Prior to the pandemic, monthly spending on services averaged approximately 65% of total consumer spend; this declined to about 61% throughout much of the pandemic. However, in 2024, available data shows service spending is rebounding and has averaged 61.7% of total spending, versus 60.8% in 2024. This points to a crack …
WebJul 8, 2024 · Industry Trends. Listed below are the key industry trends impacting the direct-to-consumer theme, as identified by GlobalData. Subscription-based products. ... DTC selling enables brands to gather valuable consumer data, which can be leveraged in product and service development phases. Subscription services may be useful for …
WebConsumer Trends Report. This quarterly study of 950 U.S. consumers explores spending and ecommerce trends, with key insights into how inflation, brand loyalty, and the … blackstone square south endWebConsumer Trends Report. This quarterly study of 950 U.S. consumers explores spending and ecommerce trends, with key insights into how inflation, brand loyalty, and the homebody economy shaped retail at the start of 2024. Download the report to explore: The big purchases consumers saved up for; Amazon vs. Walmart shopping preferences and … blackstone squirt bottleWebApr 14, 2024 · 5. Focus on the additional functional benefits. The light food industry in China has expanded beyond its initial focus on muscle gain and fat loss, now encompassing additional health benefits such ... blackstones questions and answersWebMar 31, 2024 · Find statistics, consumer survey results and industry studies from over 22,500 sources on over 60,000 topics on the internet's leading statistics database blackstones restaurant norwalkWebDec 20, 2024 · These small brands (less than €200 million in retail sales value) make up 2% of the market but are growing twice as fast as the broader industry by appealing to fast-moving consumer trends. Luxury brands have faced two years of tremendous turbulence, but the industry comes out of the crisis with more strength, resilience, and agility than … blackstone square bostonWebNov 18, 2024 · Over the next one-to-five years, expect consumer behaviour to shift and evolve in response to the following five global consumer trends: Me Mentality. Consumers will be eager to re-focus on … blackstones rest in southport ctWebMar 8, 2024 · Research conducted by GWI revealed treating oneself and indulging to be among the most important things to consumers at 39%. Saving money seems to be the most important at 53% and spending time with loved ones coming in close at 47%. Looking at other trends, it becomes apparent that consumers are more purpose driven. blackstones ripa