India is expected to generate an additional INR7 trillion in online sales by 2025, according to new data from global market research company Euromonitor International. In a new report, “Top Trends Influencing India’s FMCG Industries in 2021,” Euromonitor identifies the most impactful trends shaping the future of India’s fast-moving consumer goods (FMCG) markets, helping companies define priorities and opportunities in a post-pandemic environment.
Coronavirus (COVID-19) has had a massive impact globally, acting as catalyzer for many disruptive changes, across markets, categories, channels and in determining new trends. Euromonitor has tracked how consumer behaviour has changed following the pandemic and how it has impacted purchases of consumer health products. Though much behaviour and trends that emerged during the pandemic proved near-universal in nature, some surprising outliers or unexpected outcomes can be found at the local level, sometimes determined by cultural habits, beliefs, or simply structural challenges.
In this podcast, we take a fresh look at the Experience More megatrend, where real life experiences were put on hold during lockdown, driving consumers online for socialising, shopping and entertainment. Consumers continue to seek enhanced products, using tech like AI or AR for greater personalisation and immersion. The pandemic shone a light on inequalities as seen by Black Lives Matter and the climate emergency, where now consumers expect brands to walk the walk when it comes to their values.
This episode is the second of our new podcast series on Restarting Europe, where Food and Nutrition Research Analysts Margaux Laine and Marie Breban will dig deeper into the evolution of the physical store after the COVID-19 pandemic. The episode explores two pillars shaping the future of the store in Europe – Betting on Suburbia and Exploring New Concepts. With e-commerce further gaining advantage during extended lockdowns, can physical stores compete by betting on community-driven initiatives? Can retailers and shops extend the role of the physical store, and where does sustainability fit into this new normal?
The Coronavirus (COVID-19) pandemic has transformed snacking. Portability, on-the-go and social occasions were disrupted by quarantine orders and distancing efforts. Sales in emerging markets – which are uniquely dependent on out-of-home occasions – and in categories like snack bars, mints and gum, all struggled with these shifts. At the same time, categories like savoury snacks, cookies or ice cream saw sales surge as stuck-at-home consumers turned to snacks for comfort and indulgence or for family movie nights.
The global 2021 real GDP growth baseline forecast has remained roughly unchanged over the last quarter at 5.8% and real GDP growth of 4.7% in 2022. The stable 2021 global outlook combines major upwards revision to the Eurozone, Brazil and Mexico countered by substantial downgrades to the outlook in India and other Asia Pacific economies.
The pandemic’s impact on coffee shops was significant. While no segment of the US restaurant industry was spared, the importance of morning commuter traffic to away-from-home coffee consumption meant the initial effects of lockdowns and work-from-home orders on channel demand were especially severe.
Coronavirus (COVID-19) has exposed the short-sightedness of a city-centric approach to retailing, and many retailers now find themselves scrambling to adjust to a suburbanisation surge that was long in the making even before the pandemic. In light of this, companies should take a long, hard look at suburban retail environments when scouting potential outlet locations. It has become something of a cliché to state that the pandemic has accelerated pre-existing trends, but when it comes to US internal migration, this statement could not be more accurate. Retailers must plan for a future in which suburban consumers constitute an expanding share of their customer base if they wish to succeed in the 21st century.