Megatrends in New Zealand

October 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 New Zealand.

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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 New Zealand 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 New Zealand report answers:

  • How is the consumer mindset in New Zealand changing? In New Zealand, what are consumer attitudes towards “green” and sustainable products?
  • What values influence consumers in New Zealand purchase decisions?
  • Where and how do consumers shop in New Zealand?
  • What health-related activities do consumers in New Zealand participate in?
  • What megatrends should I focus on in New Zealand (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
Jess’s Underground Kitchen brings consumers healthier ready meals
Tech is used to simplify everyday tasks
Consumers seek more flexibility in all areas of life
Shoppers want to see before they buy
Young people see cooking as a chore
Digital living
AI-driven app helps to identify all types of New Zealand flora and fauna
Video gaming is a favourite pastime among young Kiwis
Consumers are protective of their personal data
Millennials are the most likely to want online anonymity
Friends and family remain the most trusted information source
Fewer than a quarter of Kiwis expect more face-to-face activity in future
Diversity and inclusion
Lenovo promotes digital inclusion with launch of bilingual Te Reo Maori keyboard
Millennials want to change the world for the better
Most New Zealanders feel comfortable expressing their identity
Gen Z are most likely to support purpose-driven companies
Experience more
New Zealand developer unveils world’s first ChatGPT-enabled “digital twin”
Kiwis enjoy socialising both online and offline
Relaxation and safety are key priorities in a holiday destination
Consumers still more likely to value real world than online experiences
Personalisation
Australian vitamin subscription service Vitable arrives in New Zealand
Millennials are the most enthusiastic about virtual activities
Younger cohorts are the most individualistic
Premiumisation
The New Zealand Natural Pet Food Co adds to WOOF range of premium dog treats
New Zealanders want a simpler life
Millennials are the most confident about their investments
Animal welfare is a key concern among Kiwis
Pursuit of value
Government’s “Find Money in Weird Places” campaign aims to slash household energy bills
Older generations are the most frugal
Most are worried about the rising cost of living
New Zealanders have embraced the circular economy
Shoppers seek ways to help make their money go further
Shopper reinvented
Countdown supermarkets modernised, rebranded as Woolworths
New Zealanders are less enthusiastic about tailored experiences than their global peers
S-commerce gains traction as part of the omnichannel experience
Younger cohorts have the most interaction with brands
Sustainable living
ABB wins Global Water Award for its innovative water management solutions
Most consumers are worried about global warming
Mindful consumption is on the rise
Reducing food waste tops the list of green activities
Wellness
Nymbl Science collaborates with ACC to provide balance training for seniors
Meditation and massage are the principal antidotes to stress
New Zealanders exercise more than the global average
Consumers remain wary of health and safety when out and about
Leverage the power of megatrends to shape your strategy today
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