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Global Economic Forecasts: 2024 Outlook
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21 December 2023Latest Content
Five Small Appliances Trends to Watch in 2024
Jason Tjiptadi
In 2023, small appliances witnessed modest growth, mainly driven by the replacement of products purchased during the pandemic. The response to COVID-19 had a habit-forming impact on many consumers, who have become used to making coffee at home using espresso machines and enjoying the convenience of a robotic vacuum cleaner. Many of these appliances are now an integral part of a consumer’s home. However, growth was weaker than predicted, as high interest rates and inflation resulted in reduced disposable incomes.
Top Trends in Global Apparel and Footwear in 2024 and Beyond
Marguerite LeRolland
In 2024, global sales of apparel and footwear are set to experience moderate growth of approximately 2% in constant terms, and expected to recover to pre-pandemic levels by late 2025/early 2026. The impact of inflation remains persistent and will translate into cautious discretionary spending levels.
Home Care Innovations: Addressing Consumer Demand for Efficiency, Sustainability and Wellness
Egle Tekutyte
Inflation and rising energy costs are key driving forces behind product innovation in Home Care, enabling more efficient energy consumption, particularly in Laundry Care and Dishwashing. This also works as a more sustainable alternative for a growing base of environmentally conscious consumers globally. In addition, growing consumer awareness of self-care and wellness is being addressed through focus on features such as scent in new product launches, especially in Air Care.
日本のカンナビス市場最新トレンド
Euromonitor International
今日、日本ではカンナビスに対する知識不足から、多くの消費者がCBD製品の使用を敬遠しています。しかし、2023年12月に可決された改正大麻取締法により、CBD製品の安全基準が明確化される見通しです。これに伴い、食品、飲料、サプリメントなど、さまざまな業界大手企業が市場に参入することが予想されます。
Innovating Around Premiumisation in Today's Economy
Anna Nelson
Despite persisting economic headwinds, many consumers globally are choosing to spend their money rather than save, with savings ratios declining to near pre-pandemic rates in 2023. Across various categories of non-essential spending, one quarter of global consumers on average say they will increase their spending over the next 12 months.
What do Fashion and Luxury Brands Need to Know About Gen Z?
Euromonitor International
By 2030, Generation Z and Alpha will comprise 45% of the global population, significantly shaping consumer trends. This video highlights Gen Z's tech-savvy nature, preference for personalised, digital experiences, and demand for seamless omnichannel shopping. Social consciousness and sustainability also resonate with this generation.