Megatrends in India

November 2023

This megatrend report highlights long-term trends resulting from shifts in consumer values and behaviors. It provides a summary of Euromonitor International’s 10 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
Convenience
New metro lines in Mumbai help to address the city’s congestion issues
Millennials are most likely to use tech to improve their lives
Consumers seek more flexibility
Shoppers want to see and touch items in-store
Convenience drives e-commerce demand
Meal kits benefit from convenience
Digital living
5G-enabled Nothing Phone (2) enters Indian market
Food delivery on the rise
Most consumers are concerned with data privacy
Millennials will sacrifice personal data for special offers
Family and friends are the most trusted information source
Consumers expect more face-to-face activity post-pandemic
Diversity and inclusion
DXC Technology partners with ICT Academy to train disadvantaged women in IT
Younger generations are the most vocal on social media
Millennials want to change the world for the better
Most Indians feel comfortable with their identity
Millennials pay the closest attention to brand values
Experience more
Kiya.ai launches India’s first home-grown metaverse
People now socialise more frequently online than in person
Consumers prioritise safety and the outdoors in a holiday destination
Indians still prefer real world to online experiences
Personalisation
SkinKraft continues to expand its portfolio of tailored skin and hair solutions
Millennials are the most enthusiastic about virtual activities
Indians place importance on individualism
Premiumisation
Coffee Board of India partners with Amazon to launch four premium coffees
Consumers want a simpler life
Millennials have the most confidence in their long-term investments
Health and quality are the most prized attributes
Pursuit of value
India’s first premium outlets mall opens in Delhi
Baby Boomers make do and mend
Concerns rising over increased living costs
Mindful consumption is on the rise
Gen Z are the most eager to save money
Shopper reinvented
Fabindia creates its largest Experience Center to date
Consumers need to trust brands
E-commerce is now the preferred channel in most categories
S-commerce is on the rise
Millennials interact most with brands online
Sustainable living
Single-use plastics ban in India to encourage sustainable alternatives
Most are concerned about the impact of global warming
India lags in terms of recycling activity
Reducing plastics use tops the list of green activities
Indians are keen to make their voices heard
Recyclable packaging is considered the most sustainable
Wellness
Wellbeing Nutrition joins forces with Nourish Organics to launch new health food combo
Yoga and meditation are the main antidotes to stress
Consumers are taking a greater interest in health and nutrition
Consumers are still wary of health and safety when out and about
Leverage the power of megatrends to shape your strategy today
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