Shoprite, South Africa's biggest supermarket group, reported on Tuesday a nearly 14% jump in its half-year sales, supported by a record Black Friday and festive season as cash-strapped shoppers and upmarket consumers went after food deals. Cash-strapped shoppers, hit by high interest rates and inflation, are spending less on discretionary items like clothes and shoes and more on food and essentials.
Consumer goods makers set to post mixed sales as US prices ease more than in Europe. Companies like Procter & Gamble and Nestle began hiking prices in the United States at the end of 2021, driven initially by a pandemic-led freight and input cost crisis. The hikes, which ramped up following Russia's invasion of Ukraine, were easier to take in the United States than Europe because contracts with companies like Walmart and Target are a lot more flexible than highly regulated deals in Europe.
Engineering sleep tops the list. With over two lakh monthly searches on the web, a growing number of Indian consumers are looking for solutions for sleeplessness by researching more on sleep hygiene practices and solutions. Food fixers as a trend comes next. There has been a 40 per cent rise in searches for gummies in 2023 as compared to 2022. These include gummies for better sleep, good gut health, healthy skin and hair.
The Indian home furniture market, valued at US$ 19 billion in 2022, is a big value driver in the consumer segment. The market is expected to reach US$ 34 billion by 2028, registering a CAGR of ~10 percent. The category is largely unorganised, with the organised sector contributing 21 percent (US$ 3.9 bn) to the market. By 2028, the organised sector’s share is projected to increase two times to reach US$ 8.1 billion. This presents an opportunity for brands to scale and increase market penetration.
'Reinvent for Growth' report highlights how media companies can improve user experiences and drive revenue with new entertainment ecosystems
Swiggy has launched its annual trends report ‘How India Swiggy’d 2022’. The report states that the most ordered dish, for the seventh year in a row, was biryani. About 137 biryanis were ordered per minute on the platform.
Consumers are increasing digital payments use in a variety of ways. User expectations around payment features and integration reveal evolving opportunities for providers.
Are D2C brands really preferred over legacy brands? What are drivers of consumer trust, quality, and value for money? Do D2C brands have an advantage to deliver to consumer needs? What are the levers that D2C brands are pulling effectively? Are there any common drivers or is each category a game to be played by its own rules?
As per Mintel’s India Consumer 2022 report, health-related products were the ones consumers wanted in their baskets. This was because 67 per cent were spending more on them as compared to how it was 12 months ago. It was predicted that this trend was likely to continue...
More than two-thirds (68 per cent) of Gen Z and over half (58 per cent) of millennials have ordered products directly from brands in the past six months, compared to 41 per cent on average across all age groups…
Along the way, we saw trends and patterns that really took root a decade ago but were provided with tailwinds by the pandemic...
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