Sunday, 22 December 2024
31 C
Singapore

Euromonitor International reveals top consumer trends for 2025

Euromonitor's 2025 report highlights five major trends impacting consumer behaviour, with a focus on health, finances, sustainability, simplicity, and AI caution.

Data analytics company Euromonitor International has unveiled its Top Global Consumer Trends for 2025, shedding light on the five major trends influencing global consumer behaviour. This yearly report explores how consumer habits shape business approaches, create fresh opportunities, and lead companies to adapt to evolving demands.

In a world marked by rising living costs, environmental considerations, and a focus on well-being, these trends highlight the factors most critical to purchase decisions worldwide. Quality, functionality, convenience, and price emerge as central influences, with financial resilience now embedded in consumer choices.

Euromonitor’s Global Consumer Trends 2025 report outlines five key trends that reflect a shift towards economic and environmental responsibility.

1. Healthspan Plans

Consumers increasingly prioritise long-term , seeking products that help them live healthier lives for longer. This trend, termed “Healthspan Plans,” resonates with 52% of consumers who believe they’ll be healthier in the next five years. This shift emphasises a rising demand for health-focused products that support longevity, as consumers invest in improving their quality of life over time.

2. Wiser Wallets

Financial prudence is now a fundamental part of consumption patterns. Consumers are looking to save more and spend strategically rather than impulsively. According to the report, only 18% of respondents frequently made impulse purchases in 2024. This trend highlights a mindful approach to spending, with consumers considering their options carefully to achieve greater value and security.

3. Eco-Logical

Sustainability continues to be a strong motivator for consumers, who choose environmentally friendly products based on personal values and measurable benefits. By the second quarter of 2024, there were over 5 million sustainable online products across 11 FMCG industries and 25 countries. Consumers are increasingly inclined towards sustainable goods, provided these options meet practical needs and deliver on performance.

4. Filtered Focus

In the face of constant notifications and overwhelming choices, consumers simplify their shopping experiences, aiming to reduce browsing time. Many are turning to live-streaming platforms to streamline purchases, with 42% reporting that they made purchases through this medium as it allowed for clearer demonstrations of products or services. This trend signals a move towards convenience-driven shopping that prioritises efficiency.

5. AI Ambivalent

As artificial intelligence becomes more prevalent in daily life, consumers are adopting a cautious stance. Although both users and regulators have raised concerns about AI errors, AI has not been dismissed outright. Instead, users are evaluating its advantages and drawbacks, with 43% of consumers viewing as a trustworthy source of information. This ambivalence reflects the ongoing conversation about AI’s role in society and its potential impact on consumers.

Adapting to tomorrow’s consumer needs

Euromonitor’s findings highlight the need for businesses to understand and respond to these emerging trends. Stella Vatcheva, senior head of practice innovation at Euromonitor, explained, “Consumers are increasingly conscious when it comes to spending. They seek products and services that are reliable, providing long-term and targeted solutions. Prioritising innovation and loyalty in business strategies will be essential for addressing evolving consumer behaviour and driving growth.”

Consumers’ expectations for quality, sustainability, and value continue to grow as consumers become more selective. Companies are encouraged to focus on these areas to build lasting trust and foster customer loyalty.

Hot this week

China’s chip industry faces funding slump in 2024 amidst US tech rivalry

China's chip industry will see an over 30% funding drop in 2024 as US restrictions and domestic challenges reshape the semiconductor sector.

8BitDo introduces a smaller Xbox controller for compact comfort

8BitDo’s Ultimate Mini Xbox controller is a smaller, lighter option for gamers with smaller hands. It features Hall effect joysticks and LED lighting.

OPPO Find X8 Pro captures iconic UEFA Champions League moments for fans and legends

OPPO extends its UEFA partnership with the Find X8 Pro, capturing unforgettable moments for football fans and legends like David Villa and Júlio César.

Mark Zuckerberg reveals Threads has over 100 million daily users

Threads hits a major milestone with over 100M daily users, outpacing competitors like Bluesky and rolling out new features to keep users engaged.

YouTube cracks down on misleading clickbait

YouTube is rolling out a new policy targeting misleading clickbait. To improve transparency, YouTube will remove videos with deceptive titles or thumbnails.

YouTube cracks down on misleading clickbait

YouTube is rolling out a new policy targeting misleading clickbait. To improve transparency, YouTube will remove videos with deceptive titles or thumbnails.

ZOWIE XL2566X+ review: A 400Hz esports monitor that redefines gaming performance

Experience unmatched gaming performance with the ZOWIE XL2566X+, featuring 400Hz refresh rate and DyAc 2 for esports excellence.

Google Keep might become an essential Android app

Google Keep might become a core Android app in Android 16, making it uninstallable without root access and potentially gaining new features.

8BitDo introduces a smaller Xbox controller for compact comfort

8BitDo’s Ultimate Mini Xbox controller is a smaller, lighter option for gamers with smaller hands. It features Hall effect joysticks and LED lighting.

Related Articles

Popular Categories