Megatrends in Argentina

December 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 Argentina.

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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 Argentina 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 Argentina report answers:

  • How is the consumer mindset in Argentina changing? In Argentina, what are consumer attitudes towards “green” and sustainable products?
  • What values influence consumers in Argentina purchase decisions?
  • Where and how do consumers shop in Argentina?
  • What health-related activities do consumers in Argentina participate in?
  • What megatrends should I focus on in Argentina (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
Bitso offers Argentinians the ability to make crypto-enabled QR code payments
More than half of consumers regularly play video games
Argentinians are less likely than their global counterparts to manage data privacy settings
Millennials are the most likely to share data in return for offers
Friends and family remain the most trusted sources of information
Return to face-to-face activities expected post-pandemic
Experience more
Microsoft brings its Xbox Cloud Gaming service to Argentina
Argentinians appreciate all types of experience
Online socialising is more common than face-to-face post-pandemic
Relaxation and nature are the most sought-after travel features
Generation X are the keenest to resume face-to-face activities
Middle class reset
Ford launches on-demand vehicle rental app with flexible conditions
Argentinians are eager to find bargains
The repurposing concept is starting to gain traction
Millennials are most likely to increase visits to discounters
Premiumisation
Baires launches new super premium pet food brand based on local recipes
Consumers pine for a simpler life
Millennials and Generation X are the most confident about their investments
Shoppers prioritise quality, comfort and health properties
Shifting market frontiers
Iniciativa Imagine promotes sustainable travel within Argentina
Almost two fifths of Gen Z expect to work abroad
Baby boomers are the most invested in locally-sourced products
Shopping reinvented
FGC Fuels Marketing aims to revolutionise the forecourt experience
Despite e-commerce growth, most purchases are still made in-store
Social channels are playing a greater part in the path to purchase
Millennials are the most likely to engage with brands via social media
Sustainable living
Puna Bio uses “extreme bacteria” to protect crops against the effects of climate change
Argentinians are eager to play their part in protecting the environment
Reducing plastics use is the top environmental concern
Consumers are keen to make their voices heard
Biodegradable and recyclable packaging are seen as most sustainable
Wellness
Pura Mente addresses mental health needs with mindfulness app
Argentinians seek healthier food ingredients
Meditation is the most common antidote to stress
Argentinians lag behind global peers in health tech
Consumers are highly cautious about health and safety post-pandemic
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