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Megatrends
The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
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About This Report
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Experience More is defined as prioritising experiences over things, where consumers engage directly with a product/service, and in return they receive an enhanced and unique interaction with the brand. Consumers are seeking out authentic, personalised experiences to suit their individual tastes, preferences and lifestyles. Appealing to the senses and using technology as an enabler, brands strive to provide a value added experience.
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Overview
Why buy this report?
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
WELCOME TO THE EXPERIENCE ECONOMY
There is a fundamental shift in consumer values towards experiences over things that bring happiness and well-being, with spending on experiences like travel, leisure and food service to rise to US$8 trillion by 2030.
EMBRACING DIVERSITY FOR DIFFERENTIATION
Brands are going authentic, local, immersive, stimulating and social, embracing their imperfections, to help counteract over-choice and commoditisation–a tactic applied across the consumer spectrum.
DEATH OF MUNDANE
Harnessing the power of the senses can transform even the most mundane product into a truly amazing moment. Creating affordable, natural and inclusive brand experiences, that do not cost the earth and pique consumers’ interest.
DIGITAL TOOLKIT
By 2030, 75% of the world -6.4 billion people -will be connected online, and brands need to optimise the digital tools available like mobile, augmented, virtual or mixed reality, as humans and machines integrate further.
EXPERIENTIAL LIFESTYLE
Experience is a lifestyle choice that defines how consumers play and work, as exemplified by the gig economy. Going beyond FMCG and services, education and health are ripe for experiential disruption.
BRAND LOVE
Brands like Apple embody the love that brands can achieve through a laser-sharp focus on consumer-centric design and empathetic customer service, leading to an army of loyal fans/ambassadors, spreading the love for free.
THE HUMAN FACTOR
With a global population of 8.5 billion by 2030, all with greater expectations for unique experiences, brand survival depends on putting the consumer first, establishing an emotional connection and the desire for constant improvement.
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More About the Megatrends Series
Our new Megatrends report series highlights the eight most influential megatrends to watch for both 2017. Euromonitor International’s global research teams continually monitor the consumer, industry and economic trends shaping world markets.
Our expertise, combined the latest techniques in re-examining the tens of millions of data points in our Passport database, allows us to be uniquely positioned to provide a holistic approach to common drivers that have the power to transform and disrupt entire categories in the next five years.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis and plan your corporate strategy with our expert qualitative analysis and growth projections.
This industry report originates from Passport for more information click here.
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Request more informationTable of Contents
Introduction
Megatrend analysis at Euromonitor International
Megatrend framework
Experience More is one of our eight focus megatrends
Key findings on Experience More
Experience More framework for success
Experience More shows increased spending and great potential
Defining experience and why it matters to consumers
Challenges and opportunities: living on constant reset
What is Driving the Trend?
Five core drivers are shaping Experience More
Shifting economic power: the middle-class shift to experience
Population change: rise of the Millennials drives change
Technology: an enabler of value-added experiences
Environmental shifts and pressures: minimal impact
Changing values: seismic shift in consumer values post-crisis
Changing values: consumer attitudes rate experiences over things
Experience More in Action
Experience More splits into three trend dimensions
Experience More: key trends
Architects of authenticity
Airbnb: creating unique, local experiences for guests
Isle of Harris Gin: a unique sense of place and provenance
Vizeat : hyper-local dining opens the door to real life sensations
Exclusive yet inclusive
Little Yellow Door: creative dining adventures without the price tag
Mastercard : adding value to its brand through experiences
Magnum: making consumers part of the production process
Optimum sensory boom
Radox : puts mundane to bed, offering a daily sensory experience
ICEHOTEL: experiencing the extreme
Purex Crystals: dive into aromatherapy by washing your clothes
Augmenting reality
Renaissance: living hotel concept casts light on interactive living
Microsoft Hololens : mixed reality opens a whole new world
DuoSkin : moving towards integrated technology
Engineering uniqueness
Amazon Alexa: moving to mass adoption of AI
Travelsify : using emotion and mood for inspiration and booking
UX by design
eBay: marketing to the power of ‘One’
Facebook: social media engagement dictated by UX
Brand love
Sephora: experiential retailer creates daily emotional attachment
Lego: bricks and building the foundations for creative thinking
SXSW: festival brand with an all-encompassing sensory experience
Pervasive experientialism
Santander Work Café: reinventing the customer relationship
Roam: global nomads live and work together around the world
Ecole 42: branded, experiential and fully immersive education
Experience more: key market learnings
Worst scenario: airlines as the default term for bad service
Best case scenario: Apple embodies the experiential brand love-in
Conclusion
Experience more in brief
Experience more: what to focus on
Leverage the power of megatrends to shape your strategy today
Why buy this report?
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
Want to find out more about this report?
Request more informationComplete Catalogue
Megatrends
- Changing Values As a Megatrend Driver | Apr 2018
- Connected Consumers | Aug 2017
- Connected Consumers in Asia Pacific: Mobile-centric Mindset Permeates all Aspects of Life | Jun 2018
- Connected Consumers: “Can do” Versus “Should do” Thinking | Dec 2017
- Connected Consumers: Future Mobility, Home and City | Mar 2018
- Ethical Living | Aug 2017
- Ethical Living in Western Europe: Advancing to a Circular Economy | Jun 2018
- Ethical Living: Mindful Consumerism | Nov 2017
- Ethical Living: Plastic - Lose It or Re-Use It? | Mar 2018
- Experience More Across the Customer Journey | Dec 2017
- Experience More in Asia Pacific: How Brands are Delivering an Enhanced Experience | Jun 2018
- Experience More: Digital Toolkit | Mar 2018
- Experience More: In the Moment | Jun 2018
- Healthy Living | Aug 2017
- Healthy Living in Latin America: Evolving Consumer and Business Landscape | Jun 2018
- Healthy Living: Home As Health Hub | Mar 2018
- Healthy Living: The New Face of Healthy Ageing | Dec 2017
- Middle Class Retreat | Aug 2017
- Middle Class Retreat in North America: Where do Opportunities Lie? | Jun 2018
- Middle Class Retreat: Fickle Consumers | Dec 2017
- Middle Class Retreat: Trading Up, Trading Down | Mar 2018
- Population Change as a Megatrend Driver | Feb 2018
- Premiumisation | Aug 2017
- Premiumisation in Asia Pacific: Tracking a New Affluent Class | Jun 2018
- Premiumisation: Past, Present and Future | Mar 2018
- Premiumisation: Why Foodservice Matters to Every Industry | Dec 2017
- Shifting Economic Power as a Megatrend Driver | May 2018
- Shifting Market Frontiers | Aug 2017
- Shifting Market Frontiers in China: Mid-sized Cities Boom | Jun 2018
- Shifting Market Frontiers: Africa Rising | Mar 2018
- Shifting Market Frontiers: Asian Century | Dec 2017
- Shopping Reinvented | Aug 2017
- Shopping Reinvented in Latin America: Evolving Expectations and Opportunities | Jun 2018
- Shopping Reinvented: Empathy and the Key to a Superior Shopper Journey | Dec 2017
- Shopping Reinvented: Mobile App Features that Drive Discovery, Engagement and Sales | Mar 2018
- Technology as a Megatrend Driver | Jan 2018
- Understanding the Five Drivers Shaping Megatrends | Jan 2019
Complete Catalogue
Megatrends
- Changing Values As a Megatrend Driver | Apr 2018
- Connected Consumers | Aug 2017
- Connected Consumers in Asia Pacific: Mobile-centric Mindset Permeates all Aspects of Life | Jun 2018
- Connected Consumers: “Can do” Versus “Should do” Thinking | Dec 2017
- Connected Consumers: Future Mobility, Home and City | Mar 2018
- Ethical Living | Aug 2017
- Ethical Living in Western Europe: Advancing to a Circular Economy | Jun 2018
- Ethical Living: Mindful Consumerism | Nov 2017
- Ethical Living: Plastic - Lose It or Re-Use It? | Mar 2018
- Experience More Across the Customer Journey | Dec 2017
- Experience More in Asia Pacific: How Brands are Delivering an Enhanced Experience | Jun 2018
- Experience More: Digital Toolkit | Mar 2018
- Experience More: In the Moment | Jun 2018
- Healthy Living | Aug 2017
- Healthy Living in Latin America: Evolving Consumer and Business Landscape | Jun 2018
- Healthy Living: Home As Health Hub | Mar 2018
- Healthy Living: The New Face of Healthy Ageing | Dec 2017
- Middle Class Retreat | Aug 2017
- Middle Class Retreat in North America: Where do Opportunities Lie? | Jun 2018
- Middle Class Retreat: Fickle Consumers | Dec 2017
- Middle Class Retreat: Trading Up, Trading Down | Mar 2018
- Population Change as a Megatrend Driver | Feb 2018
- Premiumisation | Aug 2017
- Premiumisation in Asia Pacific: Tracking a New Affluent Class | Jun 2018
- Premiumisation: Past, Present and Future | Mar 2018
- Premiumisation: Why Foodservice Matters to Every Industry | Dec 2017
- Shifting Economic Power as a Megatrend Driver | May 2018
- Shifting Market Frontiers | Aug 2017
- Shifting Market Frontiers in China: Mid-sized Cities Boom | Jun 2018
- Shifting Market Frontiers: Africa Rising | Mar 2018
- Shifting Market Frontiers: Asian Century | Dec 2017
- Shopping Reinvented | Aug 2017
- Shopping Reinvented in Latin America: Evolving Expectations and Opportunities | Jun 2018
- Shopping Reinvented: Empathy and the Key to a Superior Shopper Journey | Dec 2017
- Shopping Reinvented: Mobile App Features that Drive Discovery, Engagement and Sales | Mar 2018
- Technology as a Megatrend Driver | Jan 2018
- Understanding the Five Drivers Shaping Megatrends | Jan 2019