Megatrends in India

September 2022

This Megatrends report highlights long-term trends resulting from shifts in consumer values and behaviour. It provides a summary of each of Euromonitor International’s eight focus megatrends and insights as to how each trend has manifested in India.

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This report comes in PPT.

Overview:

Consumer Lifestyle reports provide detailed snapshorts of the behaviours, attitudes and spending patterns of consumers in 40 countries. 

The Lifestyles reports offer valuable statistics and insights into key consumer traits and values, linking behaviour trends with purchase and consumption habits. Using lifestyles survey data, these reports quantify behaviours, preferences and motivations both now and in the future across specific consumer-related topics relating to how consumers live, shop, work and play in 40 markets. Analysis is also included on how Euromonitor’s 8 focus megatrends, the longer-term shifts in consumer attitudes and behaviour, are playing out in each of the 40 countries. Consumer lifestyles are constantly shifting. Understanding behavioural shifts is vital for businesses to stay competitive and adapt to in order to capitalise on new opportunities.

The Consumer Lifestyle in India report includes:

Lifestyles survey data and analysis on consumer values, behaviour and future expectations on topics such as life priorities, home and work life, ethical and health priorities and eating, leisure and shopping habits and use of technology. Consumer Megatrends covered are: Connected Consumers Ethical Living Experience More Healthy Living Middle Class Retreat Premiumisation Shifting Market Frontiers Shopping Reinvented

The Consumer Lifestyle in India report answers:

  • How is the consumer mindset in India changing? In India, what are consumer attitudes towards “green” and sustainable products?
  • What values influence consumers in India purchase decisions?
  • Where and how do consumers shop in India?
  • What health-related activities do consumers in India participate in?
  • What megatrends should I focus on in India (and why)?
  • How do I prioritize my investment? I operate in country x, which are the most important megatrends in that country?
  • My product chimes with the Healthy Living trend, what consumer behaviours do I need to consider for innovation planning?
Scope
The drivers shaping consumer behaviour
Megatrends framework
Businesses harness megatrends to renovate, innovate and disrupt
Digital living
Tata Neu joins the race for “super app” dominance
Indian app use surpasses global average for most activities
Most consumers actively manage their data settings
Millennials are the most willing to share personal information online
Friends and family remain the most trusted source of information
A return to face-to-face activities is expected post-pandemic
Experience more
Indian esports start-up FanClash eyes global expansion
Gen X are the most likely to seek tailored experiences
Socialising online is the most common at-home activity
Safety, nature and relaxation are the top three travel features
Consumers are keen to resume face-to-face activities
Middle class reset
Chosen Ones taps into the “mindful shopping” movement
Baby Boomers are the most likely to buy fewer but higher quality things
Sharing and swapping are more popular than buying used items
Gen Z are the most focused on reducing costs
Premiumisation
Sugar Cosmetics tailors its products for Indian skin tones
Busy lifestyles have prompted a yearning for a simpler life
Indian consumers are very confident about their investments
Quality is a valued feature across all categories
Shifting market frontiers
Wingreens supports local farmers and women in the supply chain
Indians have a keen interest in foreign cultures and products
Baby Boomers are the most focused on supporting local business
Shopping reinvented
StoreKing brings click-and-collect service to rural Indian consumers
Mobile shopping has overtaken other options
Indian shoppers like to engage with brands via social media
Millennials are most likely to follow companies on social media
Sustainable living
E-rickshaws provide electric car batteries with a second life
Consumers are willing to do their part to help save the planet
Reducing plastics and food waste are leading environmental concerns
Political issues also play a key part in buying decisions
Recyclable and paper packaging are considered most sustainable
Wellness
Fur Ball Story addresses canine wellness needs with a new Ayurvedic range
Indian consumers exceed the global average in all health activities
Yoga and meditation top the list of stress-busting activities
Millennials have highly embraced health tech
Consumers remain highly cautious about health and safety
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