Professional Documents
Culture Documents
January 2020
INTRODUCTION
BEYOND HUMAN
CATCH ME IN SECONDS
FRICTIONLESS MOBILITY
INCLUSIVE FOR ALL
MINDING MYSELF
MULTIFUNCTIONAL HOMES
PRIVATE PERSONALISATION
PROUDLY LOCAL, GOING GLOBAL
REUSE REVOLUTIONARIES
WE WANT CLEAN AIR EVERYWHERE
CONCLUSION
INTRODUCTION
Scope
Beyond Human Consumers are beginning to accept that robots or other artificial intelligence (AI)
can perform certain tasks, traditionally done by humans. Though complete trust in
and universal access to this technology will take more time, we are embracing the
concept of AI-driven robots for our own welfare, convenience and comfort. Growing
up with technology as an integral part of their lives, Generation Alpha will not
distinguish between digital and physical.
Catch Me in Seconds Swipe, click and scroll are now the main reflexes to search for information. With
improved technology, accessibility and usage, consumers can find immense
amounts of information with fewer barriers. Consumers have the same capacity to
process information as before but now contend with much more information to
process, needing to identify the most relevant bits quickly. They are constantly
seeking personalised, authentic and appealing channels. Consumers want brands
to make their information, product or service as accessible as possible in a short
timeframe to compete with other demands.
Frictionless Mobility Consumers want the freedom to move around increasingly congested cities as they
please. Frictionless Mobility is now the expectation as consumers use navigation
apps to plan their journey and want real-time updates on the best way to get from A
to B, whether it is by train, taxi, electric bike, scooter, helicopter or a combination of
them all. Consumers want their transportation across cities to be modular and
personalised to their individual needs in 2020 as they embrace a crowded world
that is no longer seen as car-first.
Inclusive for All Brands are catering to individuals with physical or mental disabilities, unlocking
the potential for an Inclusive for All business model. Companies are reframing
their products and services to be more accessible to everyone, representing
individuals beyond the mainstream and helping to reduce prejudice around
diversity and differences. Brands are responding to a societal push for change.
Businesses are making steps towards authenticity and inclusion, putting
accessibility at the core of new product developments.
Minding Myself Bringing mental wellbeing to the forefront of consumer concerns in 2020. One in
four adults in the developed world suffers from anxiety. Consumption of self-
medicating stress-relief products, such as cigarettes and alcohol, is declining.
Instead, consumers are seeking outcome-based goods to address specific mental
wellbeing needs and prevent the physiological effects of stress, worry and
sleeplessness. The future of socialising will be redrawn. Responsible stimulation
and mental wellbeing will be the new normal as consumers seek their “holistic
happy”.
Multifunctional Homes During times of economic, political or personal uncertainty, consumers are drawn
to the comforts of home. In seeking to unwind and get back on track, consumers
retreat to their personal safe spaces, free from the distractions of the world around
them. While this tendency is nothing new, for the first time, consumers don’t want
to leave their homes, but also don’t have to. Thanks to high-speed internet access
and innovative goods and services, global consumers are able to exercise, shop,
work and play, all from the comfort of their Multifunctional Homes. The impact on
government, distribution and industries is profound and far-reaching.
Private Personalisation Consumers expect brands to tailor products and services to them, yet they must
surrender their personal information to optimise their. Yet, consumers are growing
concerned about who has access to their data and how it is used. While some
brands are pushing the boundaries on the type of information they collect, others set
new standards for consumers who prefer to remain off grid and will likely opt out of
digitally manufactured experiences they do not see as adding value to life.
Proudly Local, Going This is global consumer desire to adopt and appeal to a sense of individuality and
Global growing national identity from local inspiration. We expect multinationals to respond
creatively to local culture, social norms and consumer habits. Niche brands start
their global route to success by accentuating their local credentials. Multinationals
are becoming more sophisticated in shaping their products to local tastes and
preferences without losing their core brand identity.
Reuse Revolutionaries Sustainability leaders are tapping into new circular business models that aim to offer
more with less through sharing, reusing, refilling and renting. Increased
environmental awareness is behind, especially for younger generations who are
prioritising experiences over ownership. It is creating sustainable business
opportunities. New business models that avoid waste generation are appealing to
more ethical consumers who are embracing sustainability.
We Want Clean Air Growing concern for personal wellbeing and the environment is putting air quality in
Everywhere the limelight. Awareness of air pollution is impacting consumer choice and brands
are positioning themselves to target environmentally-conscious consumers -
impacting behaviours across many industries from travel to eating.
▪ Consumers are already relying on AI-driven appliances in order to improve their lives, such as those that
help with domestic chores or run errands. Some 12% of Euromonitor International's 2019 Lifestyles Survey
respondents own or currently have regular and easy access to in-home virtual assistant devices for
personal use and ownership of smart appliances continues to see strong growth, especially among Gen Z.
Millennials and Gen X are particularly open to AI-driven robots for tailored and curated experiences.
▪ In a time-constrained world, consumers look to tech to simplify their lives and create more time to do the
things they enjoy, with the people they want to spend time with. This need to improve day-to-day life
alongside a desire for more personalised experiences is driving the wider acceptance of AI-driven
appliances.
▪ AI-driven robots are not new. Technological Global Wireless Speaker Volume
improvements in algorithms, substantial data growth and Brand Shares 2014-2019
deeper network and connectivity penetration have laid the 100%
groundwork. Virtual assistants and in-home smart 90%
hardware adoption have paved the way for AI robots to
80%
enter consumers’ everyday lives. Global wireless
70%
speakers have registered double-digit annual volume
growth of 30% since 2015 and connected robotic vacuum 60%
Volume
cleaners captured 50% 2019 robot sales. 50%
▪ Consumers are looking to business to create tech-based 40%
products and services that make life easier, more efficient
30%
and rewarding for them. We will see the emergence of
more voice activated and other tech that helps consumers 20%
▪ Robots will not just do more for us but will also keep us 0%
2014 2015 2016 2017 2018 2019
company. Ubtech launched the Alpha Mini in late 2018, a
portable robotic toy to entertain, teach and communicate Amazon Echo Google Home JBL Bose
with children that has LCD eyes capable of voice Tmall Genie MI Others
interaction, facial recognition and flexible movement. Source: Euromonitor International
▪ Humanoid robots represent a cutting-edge innovation,
Special purpose industrial robots generated
especially when product functions are tailored to specific
USD61.8 billion production turnover in 2018
consumers like children and elderly, among others.
(18 researched countries)
▪ Robots have been in use since the 1960s. What makes robots in
Industry 4.0 any different? The most important difference today is the
usage of AI in robots, which will drive our smart world forward. Robots
are mainly deployed in industrial applications but consumer-facing
robots are increasingly making inroads into our daily lives.
▪ Think beyond physical robots. Alexa, Siri and chatbots have
penetrated our connected world, from online shopping to customer
service hotlines, without us noticing.
▪ The greatest challenge for consumer-facing robots is not the
hardware but creating the software behind them. Creating software
that can act as a human interface is at the heart of the Beyond
Human trend. Google, Alexa, Nvidia and other titans are trying to
perfect natural language processing. A convincing customer-serving
robot will not be possible unless the interaction with the machine is
natural.
Loo Wee Tek ▪ Robots will replace tasks and repetition, not jobs and certainly not
Head of Consumer Electronics humans. Rather, robots and humans will sit side by side. The
industrial world will still be the main driver in robot adoption as the
world struggles with an ageing society and faces an increasing cost of
labour. Backed by maturing algorithms and machine learning, AI-
driven robotics is a tool to achieve precise automation and avoid man-
made risks in a wide range of industrial situations, especially
manufacturing, assembly and logistics.
• Driven by technology, consumers will engage more deeply with commercialised AI-
Beyond Human driven robots
is here to stay
• As well as a wider acceptance of smart home appliances and virtual assistants that
Higher require the adoption of relatively new consumer behaviours, such as voice control
willingness to
spend on new
technology
• Growing up with technology as an integral part of their lives, Generation Alpha will
Generation
not distinguish between digital and physical. They expect products and services to
Alpha secures incorporate technology
trend
• They will incorporate AI-driven robot capabilities into long-term strategies. This
Developing for
technology will be used to automate manufacturing and logistics, understand
enterprises differentiated consumer demands and deliver personalised solutions with precision
globally
Regional Ownership of Smartphones ▪ Swipe, click and scroll are now the main reflexes to
and Change in Share 2016-2022 search for information. With improved technology
100 20 accessibility and usage, especially among younger
▪ Across many goods and service sectors, what makes something premium or
luxurious is evolving. No longer is price the sole determinant. Time is key and
the promise of time saving is a driver of innovation and disruption, leading to
new products and services. Technology has enabled companies to share
more information. Consumers have the same capacity to process information
as before, but now contend with much more information to process.
▪ We see brands leveraging the Catch Me in Seconds trend to capture
attention. Through “drops,” brands are making their merchandise available
exclusively for a short period of time. Here, the product is only accessible to
those with not just the money, but also the time to make the purchase. For
more widely available products, people are willing to pay a premium price to
have quicker access.
▪ Social media is changing, permitting people to access content with shorter
live stories and videos. Some platforms offer people ways to consume more
content in the same amount of time. For example, they can select faster
Amanda Bourlier playback speeds on YouTube and certain podcast platforms. Consumers are
Consultant taking in more information but expect to spend the same amount of time.
▪ The trend has evolved and become stronger as technology, both accessibility
and usage, has made it possible to deliver instant information and
functionality to users. Consumers expect brands to make their information,
product or service as accessible as possible in a short timeframe to compete
with other demands.
• The instant gratification that consumers feel and expect for quick and relevant content
Instant will further propel the cycle of innovation
innovation
• Today, the trend is visual and multisensory. Over the medium term, expected growth is
From senses in voice commerce and artificial intelligence
to
monetisation
• In a highly competitive market, brands need to offer the dynamic content that
consumers seek. To get ahead of what Catch Me in Seconds will be in the future,
Feed desire
for dynamic businesses need to invest in technology
content
▪ With the rise of the sharing economy over % of Households who own or Have Access to
the past two decades, ownership is no longer an Automobile by Region 2016/2019
the expectation. This does not only apply to
cars and accommodation but also
Middle East and Africa
appliances, furniture, toys, other durables,
even clothing and food that in the past you
would expect to buy outright.
▪ In cities, renting is a norm, so it is natural that Latin America
▪ The world’s population is becoming increasingly urban. The lure of Credit: Whim
economic prosperity, higher education and an exciting social life
entices consumers to move to cities. The rapid increase of people in
these cities has led to the emergence of the megacity, which has 10
million or more inhabitants. There will be 33 megacities in 2020. With
roads becoming congested and public transportation overcrowded,
consumers are seeking Frictionless Mobility.
▪ Travelling on two wheels is a popular and viable transport method in
developed economies. Electric bikes and scooters crowd the streets
brought by an explosion of rental-sharing start-ups. These are ideal
for environmentally-conscious consumers as an effective
micromobility transport method that are cost- and time-efficient
alternatives to cars. In developing economies, a motorbike is often the
preferred method to avoid traffic - above all in Asia and Latin America.
▪ Consumers do not want to rely on a single transport method and
demand multiple mobility options that account for time, budget,
weather and occasion. This has led to the upsurge of navigation apps Global digital transport
that provide consumers real-time updates on the most effective way payments equated to
USD580 billion in 2018.
of arriving at their destination. Consumers also expect purchase and
3.9% of households had pay-
payment of the mobility solutions to be convenient and seamless.
to-use access to a car,
This enabled the rise of contactless and mobile payments as the
Euromonitor International
norm across many cities: the trend is no longer the aspiration of
Lifestyles Survey (2019)
consumers but the expectation.
Credit: BlueSG ▪ BlueSG is the first 100% electric car sharing service to
launch in Singapore with a network of 1,000 vehicles.
Consumers access the vehicles via a BlueSG member
card or paired EZ-Link card. BlueSG is a subsidiary of
the Bolloré Group and is set to become the world’s
second largest electric vehicle car sharing service.
▪ Unlike traditional car rental, vehicles do not need to be
returned to their original destination and can be used
24/7 meaning they can cater to any journey type. With
no direct carbon emissions produced from the car, they
can be sustainably used within city centres and
complement public transport.
Key takeaways
▪ Electric vehicles have struggled to take off due to lack
of available charging stations. BlueSG has agreed to
open up 20% of its planned 2,000 charging stations to
private vehicles to encourage the adoption of greener
vehicles.
Credit: BlueSG
▪ The scheme appeals to consumers because it
complements other modes of transport enabling
Just 49% of Singapore households own or
Frictionless Mobility as BlueSG will likely be just one
have access to a car
stage of the overall journey.
• With today's overcrowded cities, mobility of the future will need to be personalised,
Personalisation efficient and seamless. Personalisation is the key to achieving Frictionless Mobility
is the key
• The change in consumer mindset from ownership to access will enable the promise
of Frictionless Mobility to be realised as consumers embrace a crowded world that is
Ownership into no longer seen as car-first
access
• With consumers increasingly living busy yet flexible lifestyles, rush hour will be a
Flexi-living
term of the past
• Transportation, along with all other industries, must cater to the varying needs of
Around the
citizens on a 24/7 basis
clock
▪ This trend reaches everyone. Those with disabilities look to brands to create solutions for them so they can
do all that those without disabilities can do but also those without disabilities buy from brands that align with
their values - ie brands that create solutions that include everyone. This is a very broad audience.
▪ Within beauty and personal care, societal pressures to look and appear a certain way are changing. Body-
positive expression is on the rise, and as these ideals change, they face reinforcement from cultural arts
and the media. Backlash against unrealistic and alienating standards continues to grow. Beauty standards
have evolved and consumers are embracing who they are.
▪ Consumers not only seek products that satisfy their needs but also reflect their own values. Whether it is
for shampoo, a new pair of jeans or gaming software, consumers are looking to purchase products from
companies that resonate with their beliefs. Looking at new ways to simplify their lives, consumers show
more commitment to responsible brands. These new purchasing behaviours go hand in hand with interest
in health and wellness movements and ethical attitudes.
Wellbeing in Beauty: “To me, Beauty Means Being Comfortable in Your own Skin”
Attitudes by Region
% respondents agreeing
80
60
40
20
0
North America Europe Asia Pacific Latin America Middle East & Africa
15-29 30-44 45-59 60+ Total
Source: Euromonitor International’s Lifestyles Survey (2019)
▪ Toys for children with disabilities are not new, especially in adaptive
toys for special needs. However, the Inclusive for All trend is
emerging forcefully and US start-up, “A Doll Like Me” reflects this.
The company makes dolls that look just like the children they are
made for, matching their unique physical characteristics, medical
issues and ethnicity. Making waves across countries, this trend
promotes an inclusive stigma-free approach to toys, seeking to
normalise, empower and embrace diversity from a young age. Social
media is giving a stronger voice to its advocates.
▪ Toy industry powerhouses have taken notice. In 2019, Mattel
launched a line of Barbie dolls in wheelchairs created in collaboration
with UCLA Mattel Children’s Hospital. There has also been strides in
some developing countries. In Argentina in 2018, Casita de Muñecas
introduced dolls featuring Downs syndrome. The launch was
Svetlana Uduslivaia
promoted by the national toy organisation, Cámara Argentina de la
Head of Home & Tech, Americas
Industria del Juguete, and organisations for persons with disabilities.
▪ While sales are still small, there is a clear societal shift towards
inclusivity and diversity. Aside from stigma, mass production costs
pose a challenge and this is where major industry players with
resources and economies of scale can play a role in supporting the
trend long term.
• Disabilities come in myriad forms and often demand specific needs to navigate
Tailor-made through everyday life
solutions
• Those who seek to embrace diversity in their products must truly understand these
consumers’ needs, putting the disabled community at the heart of their new product
NPD must be
inclusive developments
• Diversity will become a measure of a brand’s relevance, and Inclusive for All will be
The new norm the new normal
▪ Traditional drinking and eating occasions are Global Level of Impact on Health Caused
changing. In the past, businesses traditionally by Stress and Anxiety
positioned their brands for consumption at
certain times of the day. Now, more products Severe impact
▪ Social isolation in the modern world is growing due to evolving family structures, loss of public space,
longer working hours and social media. This is further fuelling anxiety and reducing or ceasing consumption
of tobacco and alcohol in social environments.
▪ Alcohol and cigarettes are being replaced by less harmful stimulants like cannabis, alcosynth and
molecular alcohol, which mimic the effects of intoxication. The modern consumer need is thus twofold: to
de-stress via natural means and to have fun again. Preferably, both at the same time.
▪ Players have an opportunity to offer adult consumers responsible stimulation using natural ingredients to
deliver a buzz. Further on the trajectory is the potential for controlled micro-dosing, via novel delivery
mechanism such as vapour, of entheogens such as LSD, psilocybin and ayahuasca.
▪ For decades, people all over the world have used substances like
tobacco and alcohol, despite known consequences, to self-regulate
their mental health. However, savvy consumers are seeking a more
diversified, subtle and targeted approach to the age-old problem of
mental wellbeing.
▪ This transition manifests in rising demand for lifestyle products offering
a wider range of active ingredients and functional attributes.
▪ While previously overlooked, these ingredients can enhance the
Shane MacGuill sophistication of an individual’s response to the pressures and
Senior Industry Manager, Tobacco complexities of modern life.
▪ Through the proliferation of need states, companies are also engaging
with consumers in a more direct and meaningful way, providing implicit
reassurance that they are willing to travel on this journey with them.
▪ The ultimate goal will be to develop holistic and responsible mental
rebalancing solutions that are hyper-customisable and personalised.
Spiros Malandrakis
Industry Manager, Alcoholic Drinks
• Minding Myself is a powerful long-term trend, bringing the mind and mental wellbeing
Prioritising to the forefront of consumer concerns
mental
wellbeing
• The Minding Myself trend ultimately heralds a new future of socially responsible
Socially intoxication for traditional stimulants like alcohol and tobacco
responsible
• Some players will reinvent themselves as wellness providers. The future of socialising
will be redrawn. Responsible stimulation and mental wellbeing will be the new normal
Wellness
as consumers seek their “holistic happy”
▪ The percentage of global households with access to broadband internet has doubled since 2010, giving
many consumers internet access in their homes at speeds equal to that of their workplaces. As a result,
companies and workers alike are increasingly able to embrace the benefits of remote work, supported by a
host of software products enabling online meetings, chat and collaboration.
▪ As Euromonitor International’s Lifestyles Survey highlights, working from home is already common among
global consumers across regions, with 70% working from home at least weekly. Thanks to broadband
internet access, flexible work policies and workforce communication applications, consumers can work from
home at varying frequencies while maintaining or improving productivity.
▪ 42% of global survey respondents Global Frequency of Working from Home by
prioritise having a job that allows for a Region: Nearly 70% of Respondents Work From
strong work/life balance, the highest Home Weekly
among all work priorities, including 60%
earning a high salary and having job 50%
security.
% respondents
40%
▪ By working from home and reducing 30%
commute time, consumers can complete
20%
simple household tasks and productive
activities. At least weekly, 76% of global 10%
▪ For employers, a flexible work policy where employees can Share of Global Consumer
work some or all days from home, means higher employee Foodservice Sales by Type
happiness and productivity, as well as lower overhead costs. 2010-2018
100%
Employees save money on commuting and have the freedom to
complete work on their own schedule in the comfort of their
home, free from workplace distractions. 80%
Sales
▪ This shift from the office to the home is changing purchasing
behaviour, from choices in clothing, transit systems, restaurants, 40%
2010
2011
2012
2013
2014
2015
2016
2017
2018
foot traffic around their workplaces falls.
▪ Without having to leave the house to go to the office, consumers Drive-through Eat-in Home delivery Takeaway
are reluctant to leave for any other reason. As a result, remote Source: Euromonitor International’
workers are fuelling growth in areas, such as internet retailing,
home fitness providers and ready-to-eat food and grocery Home delivery’s share of global
delivery, at the expense of brick-and-mortar stores, gyms and foodservice has doubled since 2010
restaurants.
▪ The shift in focus from selling products to providing services, alongside rising
internet connectivity has transformed the work world. Changing gender roles,
growing female labour force participation and the rise of two working parents
and single-parent families has made flexible work, including working from
home, necessary in today’s world. Besides working, consumers will use
technology to cook, entertain, clean, garden, socialise, exercise and relax at
home.
▪ Digitalisation enables the trend. Heading out to a restaurant to socialise has in
some situations been replaced by video chats with friends, while online food
delivery apps bring food to your front door. Even those consumers interested
in flexing their culinary skills can turn to smart induction cooktops, such as
Hestan Cue, for precision cooking. Autonomous robotic lawn mowers trim the
grass, while smart sprinklers track the weather and water the garden. Even as
spaces get smaller and millennials and Generation Z reside in apartments in
urban settings connected indoor gardening systems allow consumers to grow
food at home.
▪ While home broadband connectivity continues to expand across all regions, Erika Sirimanne
5G will be the key catalyst to create truly smart homes in the future, making Head of Home and Garden
homes even more multifunctional and seamless. With all that is needed at
their fingertips, consumers will increasingly opt to spend time at home. Smart
fridges will automatically reorder groceries that are running low, while drones
deliver these groceries to your doorstep. Gym memberships might go virtual
as more consumers exercise at home. Augmented and virtual realities are
transforming how consumers relax and have fun, creating opportunities to
experience live concerts and sports games in the comfort of their own home.
• With remote work continuing to gain popularity as more global households gain
5G facilitates access to 5G, the evolution of the home is only going to accelerate
growth
• The implications for both industries and governments alike will continue to be dramatic
and far-reaching, as consumer habits regarding working, dressing, shopping,
Home as hub exercising and more will revolve around their homes
• Meanwhile, consumers will spend more time and money looking towards products,
services and activities that enable them to make the most of time spent in their
Making the Multifunctional Homes
most
▪ While past data breaches that compromised users’ contact and Global Consumer Attitudes
payment information had seemingly minimal impact on the company’s to Commercialisation of
long-term reputation, it caused disruption in the short term. Data
60
Consumers continue to be wary of services that collect personal
information. They are often suspicious of how their information will be
used and if it will be unintentionally shared with third parties. Privacy 50
oldest cohorts are less likely to actively manage the way their data is I share my data in order to receive personalised
and targeted offers/deals
shared, indicating that they are either less concerned or less Targeted ads based on online searches and
knowledgeable about how to monitor their privacy settings. To purchase history are an invasion of privacy
maintain trust, companies must clarify their data collection methods. Source: Euromonitor International’s Lifestyles
Survey (2019)
• While many consumers enjoy these customised experiences, many are beginning to
Weighing up wonder what they are putting at risk to achieve them
the risks
• Recent regulation has helped manage how data are collected and how individuals may
Regulation and exercise their rights over privacy
rights
• As biometric sensors and speakers proliferate in homes and public spheres, Private
Personalisation consumers will also turn to more conventional products that physically
Keep off! block devices to opt out of data collection
Asia Pacific Europe Latin America Middle East and Africa North America
Buying eco- or ethically-conscious products makes me feel good I try to shop in locally-owned stores I seek niche brands that are hard-to-find or unique
▪ There are deeper ethical value shifts beyond self-expression and consumption driving this desire
for localisation. Consumers are prioritising environmental responsibility while helping local businesses
thrive and reconnect with communities.
▪ Shoppers are more discerning about where they buy. More than 27% of global respondents on average try
to shop in locally-owned stores. This reflects a subtle but significant shift away from international retail
chains and a return to community roots. The ethical or eco provenance of products is important to Proudly
Local, Going Global consumers, as well as the desire to purchase niche, non-mainstream brands.
▪ The regions with the strongest attachment to shopping in locally-owned stores are the Middle East and
Africa with around 32%. The Proudly Local, Going Global trend in the Middle East and Africa may be
attributed to a combination of loyalty to the community, as well as affordability and easier access.
▪ For North America, the shopping mall and chained retail experience feels homogenised and steadily less
appealing. People want to connect to their neighbourhood again and support local, independent traders.
▪ The trend is driving the rise of local consumer brands, especially in developing markets, going head to
head with multinationals. For niche brands, regional and even global success has followed.
▪ Multinational companies are keen on localising their production or acquiring already established local
players. Localisation strategies also help multinationals better adjust to consumer needs that arise due to
cultural differences or lower purchasing power. The large and expanding consumer base is one of the key
factors driving production localisation in markets, such as India and Nigeria.
▪ Food and beverages are among the leading industries for local production with 85% of production sold
within the producer nations on average. This local trend extends to changes occurring in manufacturing
facilities and processes. Mini factories, located much closer to the end-consumer, are superseding
multinational mega factories - aligning with environmental priorities and a retreat from globalisation.
▪ By producing locally, companies can reduce delivery times. This aligns with manufacturers in terms of their
sustainable credentials and distribution models. Being accessible, local and clean is becoming more
important to survival.
Food and Beverage Production Sold Locally: % Share 2018
100%
80%
60%
Share
40%
20%
0%
Australia UK Brazil India US Russia South Korea Pakistan Japan Nigeria
Source: Euromonitor International
▪ In the last two years, Nigeria's film industry has been drawing
the attention and investment by global entertainment brands
that is revitalising and raising the production quality of local film
making, also making the new content accessible to the wider
continent and beyond.
▪ French production giant Vivendi’s Canal+ acquired the local
Nigerian ROK studios in July 2019. South Africa’s MultiChoice
launched Showmax, a fledgling video-streaming service in July
2019 using Nigeria as a testing ground for introducing
streaming platforms in African markets with poor
communications infrastructure and low income levels.
Key takeaways
▪ Investment in local production in Nigeria by multinationals
secures a steady supply of new films and series with further
expansion in productions planned across the Sub-Saharan
region.
▪ Nigerian films and local culture gain greater exposure to an
international audience through streaming on Netflix and other
platforms.
Credit: Iroko
Justinas Liuima
Lead Industry Analyst
• Proudly Local, Going Global consumers are returning to their roots and traditions. This
is reflected in the growing preference for local products and brands, which are seen as
Authentic and more authentic and better representing individuality
individualistic
• Niche brands start their global route to success by accentuating their local credentials,
Local is keeping this at the forefront of consumers’ minds
identifying
• At the same time, multinationals are becoming more sophisticated in shaping their
products to local tastes and preferences without losing their core brand identity.
Shaping global Tuning into the Proudly Local, Going Global trend is a compelling business strategy to
brands to fit win and retain consumer loyalty
▪ According to the 2019 Lifestyles Survey, 60% of consumers are worried about climate change and 54%
think they can make a positive contribution in the world with their purchases. As environmental awareness
increases, consumers look for alternative eco-friendly products. However, more sustainable products often
come with a premium price, and not all consumers are willing to pay more. While appeal for second-hand
products is on the rise, convenience and affordability still play a role in consumers’ purchasing decisions.
▪ Eco-anxiety is creating greener expectations. Interest in sustainable products peaks after the age of 30, in
line with increased disposable income and earning potential. This interest is also usually higher among
consumers with children.
Regional Eco Purchasing Priorities ▪ However, there is no one-size-fits-all
Would rather buy fewer, but higher quality things
solution. Understanding which solution
works best in specific markets and
Try to lead a minimalist lifestyle, do not buy new unless necessary consumer types is essential for
companies with strong sustainability
Like to repair my items instead of purchasing new commitments. While consumers in the
Middle East and Africa and Latin America
Willing to rent items for specific occasion/set time period instead of
buying prefer to buy longer-lasting products, the
Willing to buy second-hand
minimalist movement is strong in Asia
and second-hand products are becoming
Buying eco products makes me feel good attractive in Western markets, such as
the US and Europe.
0 25 50 ▪ Consumers in wealthy European
% agreenig countries, such as Sweden, Denmark or
North America Middle East and Africa Latin America Europe Asia Pacific Germany, are more open to repairing,
Source: Euromonitor International’s Lifestyles Survey (2019) renting and buying second hand.
▪ Today’s sustainability leaders are tapping into new circular business models that aim to offer more with less
through sharing, reusing, refilling and renting. Increased environmental awareness is driving the Reuse
Revolutionaries trend, especially for younger generations who are prioritising experiences over ownership.
This is creating sustainable business opportunities. Recycling labels are losing credibility due to a lack of
knowledge about a product’s recyclability. New business models that avoid waste generation are appealing
to more ethical consumers who are embracing sustainability through longer-lasting products.
▪ The days of businesses taking unlimited materials from nature and giving little back are coming to an end.
The linear economy based on take, use, dispose is broken. Over 89 billion tonnes of materials were
extracted from the global economy in 2018, according to Euromonitor International. However, only 9% of
materials was being recirculated, meaning 91% was wasted. This inefficient model, where non-renewable
resources are under-priced, overexploited, transported, used and discarded around the world, has
devastating consequences for people and the planet.
▪ Recycling is no longer enough. Reuse Revolutionaries are now looking into ways to decrease their footprint
with disruptive business models becoming mainstream. The reuse economy, where materials and products
are reused several times, is booming. Companies are selling spare parts, teaching consumers how to
repair products and launching buyback schemes to recover materials. Digital technologies are bringing
back the milkman with sustainable doorstep deliveries offering much more than milk.
▪ Companies are shifting from products to services using subscription models that retain ownership. This
ensures brand loyalty and an efficient use of available resources. The reuse economy is critical to achieve
sustainable development. It saves materials, prevents valuable products from going to landfills, reduces
price volatility of raw materials, decreases supply chain risks and boosts resource efficiency.
• With sustainability affecting brand perception, businesses are launching subscription models
and reusable or refillable options to meet ethical demands from Reuse Revolutionaries
Adapting
• Companies tapping into the Reuse Revolutionaries trend will need to find the balance
between sustainability and convenience as consumers still rank efficacy, value and
Balancing aesthetics as desired characteristics
• As more companies integrate reusable packaging into their product lines, this option will
become less of a competitive advantage and more of a must-have
Essential
▪ Climate activism is escalating. Leading the charge, teenage environmentalist Greta Thunberg initiated
numerous protests shedding light on climate change and its impact on health and natural ecosystems. Her
decision to sail as opposed to fly to the UN Summit on Climate Change in New York from Europe was a
strong statement of intent.
▪ Urban consumers are concerned about carbon emissions and air quality. According to Euromonitor
International’s Lifestyles Survey 2019, 60% of global respondents agreed or strongly agreed that climate
change is a worrying issue, up from 55% in 2015.
▪ The percentage of respondents feeling good about buying ecologically- or ethically-sourced products grew
from 24% in 2015 to 28% in 2019 globally. Vegan, fair trade and natural are becoming must-have brand
credentials.
% of Respondents in Key Economies Strongly Agreeing with the Statement:
“I am Worried about Climate Change”
35
30
% of respondents
25
20
15
10
5
0
2015 2016 2017 2019
China US India France UK Germany Japan
Source: Euromonitor International’s Lifestyles Survey (2019)
• And its potential to drastically impact health, from respiratory ailments to premature death. This
More is a powerful trend that advocates for a carbon-free world
awareness of
air pollution
New players
• Brands vying for market share based on their efforts to contribute to environmental protection
fighting for
cleaner air
• Future is pointing towards cleaner and more sustainable cities that prioritise the wellbeing of
Driven by natural ecosystems
younger
generations
• Climate activists will intensify their stance against carbon emissions, further pushing consumers
XR effect and businesses to do their part in 2020
Conclusion
Methodology
RELATED ANALYSIS
Whitepaper ‘Top 10 Global Consumer Trends for 2020’
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