FMCG Gurus - FMCG Gurus – Cost of Living and Price Sensitivity – Global Report 2023

FMCG Gurus – Cost of Living and Price Sensitivity – Global Report 2023

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FMCG Gurus – Cost of Living and Price Sensitivity – Global Report 2023

 Geographies:  Global  Industries: Consumer Insight, Cost of Living and Price Sensitivity  Published Date:  2023

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FMCG Gurus – Cost of Living & Price Sensitivity – Global Report in 2023

Report Description

This report is based on the global data from the Price Sensitivity and Cost-of-Living Survey conducted by FMCG Gurus in 2023. This report details the experience of the global consumer and how the rising cost-of-living influences their behaviors and attitudes. As well as their perceptions on price sensitivity, and value, and how this affects their purchasing habits and consumption patterns.

This report will look at the following areas:

  • Attitudes towards the Economy and Personal Finances.
  • Changing Shopping Habits considering the Cost-of-Living Crisis.
  • Price Sensitivity and Consumer Consumption Habits.
  • Consumer Perceptions towards value for money.
  • How the Cost-of-Living crisis influences Foodservice Habits.
  • Actions and Recommendations.

Files included in this report:

  • FMCG-Gurus-Cost-of-Living-and-Price-Sensitivity-Global-Report-2023.pdf
  • FMCG-Gurus-Cost-of-Living-and-Price-Sensitivity-Global-Report-2023.pptx

    • If you are a user, click here to login and download the report.

FMCG Gurus – Cost of Living & Price Sensitivity – Global Report in 2023

Report Description

This report is based on the global data from the Price Sensitivity and Cost-of-Living Survey conducted by FMCG Gurus in 2023. This report details the experience of the global consumer and how the rising cost-of-living influences their behaviors and attitudes. As well as their perceptions on price sensitivity, and value, and how this affects their purchasing habits and consumption patterns.

This report will look at the following areas:

  • Attitudes towards the Economy and Personal Finances.
  • Changing Shopping Habits considering the Cost-of-Living Crisis.
  • Price Sensitivity and Consumer Consumption Habits.
  • Consumer Perceptions towards value for money.
  • How the Cost-of-Living crisis influences Foodservice Habits.
  • Actions and Recommendations.

Report Agenda and Insights available:

Personal Finances
  • [COL236] How confident are you about the state of the economy in the country where you live over the next twelve months? - 2023
  • [COL833] Do you believe the country in which you live is in a recession? - 2023
  • [COL281] How confident are you about your job security over the next twelve months? - 2023
  • [COL817] Do you believe that your household has adequate financial savings? - 2023
  • [COL730] Have you done any of the following in the last six months to try and save money? Please select all that apply
Changing Shopping Habits
  • [COL993] How affordable do you believe your food and drink shopping to be? - 2023
  • [COL947] Do you think food and drink prices have risen over the last twelve months? - 2023
  • [COL201] On what type of products do you feel prices have increased the most over the last twelve months? - 2023
  • [COL795] Do you or your household typically do any of the following before doing a food and drink shop? Please select all that apply - 2023
  • [COL384] Have you switched retailers when food and drinking shopping over the last twelve months? - 2023
  • [COL379] What type of retailers have you started visiting? Please select all that apply - 2023
  • [COL474] What types of products are you looking to reduce spending on? Please select all that apply
  • [COL893] Do you plan to make any of the following changes to your food and drink shopping habits over the next twelve months? Please select all that apply - 2023
Changing Consumption Habits
  • [COL471] What product attributes are influential when shaping your view on whether food and drink is good value for money? Please select all that apply - 2023
  • [COL884] How do you think retailers could make shopping more affordable? Please select all that apply - 2023
  • [COL468] Have you done any of the following in the last twelve months to save money? Please select all that apply - 2023
  • [COL906] Over the last twelve months, have you eaten any of the following types of meals less frequently with the specific aim of saving money? Please select all that apply
  • [COL320] Have you made any changes to your eating and drinking habits over the last twelve months to help make food and drink shopping more affordable?
  • [COL125] What changes have you made? Please select all that apply - 2023
  • [COL668] How often do you enjoy food and drinks that you classify as small indulgences and treats? Please select the answer that best fits. Examples of such products include cakes & pastries, chocolate, confectionery, potato chips, alcoholic beverages, etc. - 2023
  • [COL514] How willing are you to compromise on these small indulgences to save money over the next twelve months? - 2023
  • [COL028] To what extent do you agree with the following statement Over the last twelve months, I have sought out products and flavors that remind me of the past and simpler times”
  • [COL059] Over the next twelve months, how willing will you be to try food and drink product/brands that you have not tried before? Please select the answer that best fits - 2023
Changing Foodservice Habits
  • [COL070] How do you think they will change? Please select the answer that best fits - 2023
  • [COL169] Over the next twelve months, do you think your attitudes towards the influence of environmental claims will change when choosing food and drink? - 2023
  • [COL070] How do you think they will change? Please select the answer that best fits - 2023
  • [COL828] Why are you concerned? Please select all that apply - 2023
  • [COL834] Are you concerned that rising living costs will impact on your health?
  • [COL771] Over the last twelve months, I have replaced visiting restaurants and cafes with ordering a takeaway to save money.” - 2023
  • [COL987] Have you cut back spending in restaurants and cafes over the last six months? - 2023
  • [COL406] Have you sought more premium products and treats at retailers to compensate for reducing spending in restaurants and cafes? - 2023
  • [COL198] What types of premium products and treats have you purchased more of? Please select all that apply - 2023
Actions and Recommendations
  • [COL969] Do you plan to do any of the following over the next twelve months? Please select all that apply - 2023
  • [COL411] What factors are influential when deciding if a restaurant or café offers good value for money? Please select all that apply - 2023

Files included in this report:

  • FMCG-Gurus-Cost-of-Living-and-Price-Sensitivity-Global-Report-2023.pdf
  • FMCG-Gurus-Cost-of-Living-and-Price-Sensitivity-Global-Report-2023.pptx

    • If you are a user, click here to login and download the report.

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