Sweden: Consumer Profile

October 2023

In 2022, Sweden experienced population growth, driven by increased immigration, notably from Ukrainian citizens seeking refuge due to the Russian-Ukrainian conflict. Millennials became the largest generational cohort, shaping consumer behaviour with their strong tech affinity. Swedes exhibited a preference for bargains and less interest in researching products. Housing shortages and rising costs posed challenges, prompting government initiatives.

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Overview:

Consumer Profiles  reports  provide key insights into the country's consumer landscape and uncover related business opportunities in 40 countries.


The Consumer Profiles offer valuable statistics and insights into key consumer indicators, linking household size, age, income, and spending patterns to behavioral trends and consumption habits. Utilizing a wide range of socioeconomic data, these reports quantify behaviors, preferences, and motivations both presently and forecasted across 40 markets. Analysis also encompasses Euromonitor’s lifestyles survey results, alongside the examination of longer-term shifts in consumer attitudes and behavior, analyzing their impact within each of the 40 countries. Consumer profiles are constantly changing, influenced by both socioeconomic factors and behavioral changes. Understanding these shifts is imperative for businesses to maintain competitiveness and adapt in order to capitalize on emerging opportunities.

The Consumer Profiles in Sweden report includes:

A high-level analysis of socioeconomic data, including insights on demographics, income and expenditure, households, and consumer lifestyles backed by both in-house statistics and survey data. It also provides a concise compilation of socioeconomic data, offering a snapshot of the consumer landscape today (2022) and in the future (2040). The report is also illustrated with relevant and actionable case studies

The Consumer Profiles in Sweden report answers:

  • How consumers in  Sweden are changing? 
  • What are key changes in Sweden population, society and generational structure and how it is affecting businesses?
  • What is the household structure in Sweden and how it is changing consumer landscape?
  • What are key income groups in Sweden? What is the outlook for the future?
  • Where consumers are  spending the money in Sweden? 
  • How is the consumer mindset in Sweden changing?
  • In Sweden, what are consumer attitudes towards “green” and sustainable products?
  • Where and how do consumers shop in Sweden?
Scope
Key drivers affecting consumers in Sweden in 2022
How developments today shape consumer of tomorrow
Key findings
Today 2022: Millennials emerge as the largest generational cohort
Today: Immigration influences the population growth
Today: Younger generations exhibit higher online engagement with companies
Tomorrow 2040: Longer life expectancy and a low birth rate boost older cohort
Tomorrow : Millennials the largest cohort in 2040, Gen Z’s will be 30-45 years old
Tomorrow : Over 90% of population forecast to live in cities by 2040
Areas of opportunity
Case Study: Medoma offers around the clock care in-home
Today 2022: Swedish households are increasingly opting to live child-free
Today: While household size is decreasing, Swedes live in larger more spacious homes
Today: Amid rising prices, Swedes prioritise access to green spaces when choosing home
Tomorrow 2040: Single person households to remain the most prevalent type
Tomorrow: Older women will remain key household decision makers
Tomorrow: Swedes admit they would be lost without the internet
Areas of opportunity
Case study: H&M promotes diversity and inclusion by collaborating with Good American
Today 2022: Rising cost of living constrains consumer spending
Today: Swedish government aid vulnerable households amid soaring inflation
Today: Consumers aim to simplify their lives
Tomorrow 2040: Social class D to remain the largest by 2040
Tomorrow 2040: Mid-lifers to remain the highest income earners
Tomorrow 2040: Stockholm to remain the largest consumer market
Areas of opportunity
Pensioners receive more money in 2022: Baby Boomers living alone are willing to spend
Key findings from the consumer survey
Gen Z expect to be happier in the next five years
Swedes follow the budgeting trend in 2023
Almost half of Swedes are worried about climate change
Swedes prioritise work-life balance
Swedish consumers are willing to pay more for higher quality items
Case study: Sweden’s start-up Pulpac offers sustainable packaging solutions
Areas of opportunity
Key findings
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