FMCG Gurus - FMCG Gurus – Targeting At Home Premium Consumption Occasions During a Cost of Living Crisis – Global Report 2023

FMCG Gurus – Targeting At Home Premium Consumption Occasions During a Cost of Living Crisis – Global Report 2023

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FMCG Gurus – Targeting At Home Premium Consumption Occasions During a Cost of Living Crisis – Global Report 2023

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

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FMCG Gurus – Targeting At Home Premium Consumption Occasions During a Cost of Living Crisis – 2023

Report Description

Across the globe consumers are not confident in the state of the economy, meaning more consumers will try to reduce spending by limiting their trips to food service outlets.

Considering the cost-of-living crisis, this report will examine:

  • Reduced out-of-home spending.
  • The opportunity for at-home premium occasions.
  • Consumer desire for nostalgic products.
  • Enhancing perceptions of value.

How this will help - Targeting At Home Premium Consumption Occasions During a Cost of Living Crisis :

  • Identify how the at-home market can capitalize on changing consumption habits within the foodservice channel by promoting the concept of affordable indulgence.
  • Determine what product attributes shape perceptions of value within the at-home food and drink market and what encourages trade-up in a recessionary environment.
  • Understand the changing role of the home from a socializing and escapism perspective, and what implications and opportunities this has for the food and drink industry.

Files included in this report:

  • FMCG-Gurus-Targeting-At-Home-Premium-Consumption-Occasions-During-a-Cost-of-Living-Crisis-Global-Report-2023.pdf
  • FMCG-Gurus-Targeting-At-Home-Premium-Consumption-Occasions-During-a-Cost-of-Living-Crisis-Global-Report-2023.pptx
  • If you are a user, click here to login and download the report.

FMCG Gurus – Targeting At Home Premium Consumption Occasions During a Cost of Living Crisis – 2023

Report Description

Across the globe consumers are not confident in the state of the economy, meaning more consumers will try to reduce spending by limiting their trips to food service outlets.

Considering the cost-of-living crisis, this report will examine:

  • Reduced out-of-home spending.
  • The opportunity for at-home premium occasions.
  • Consumer desire for nostalgic products.
  • Enhancing perceptions of value.

Report Agenda and Insights available:

Reduced Out-of-Home Spending
  • [COL236] How confident are you about the state of the economy in the country where you live over the next twelve months? - 2023
  • [COL817] Do you believe that your household has adequate financial savings? - 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
At-Home Premium Occasions
  • [HAW569] Are you concerned that rising costs of living will impact your ability to manage any of the following areas of health? 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
  • [COL468] Have you done any of the following in the last twelve months to save money? 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
  • [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
  • [FCT768] To what extent do you agree with the following statement: “I like food and drink products with new and unusual/exotic flavors”
Trade Up
  • [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” - 2023
  • [COL884] How do you think retailers could make shopping more affordable? Please select all that apply - 2023
Actionable Recommendations

Files included in this report:

  • FMCG-Gurus-Targeting-At-Home-Premium-Consumption-Occasions-During-a-Cost-of-Living-Crisis-Global-Report-2023.pdf
  • FMCG-Gurus-Targeting-At-Home-Premium-Consumption-Occasions-During-a-Cost-of-Living-Crisis-Global-Report-2023.pptx
  • If you are a user, click here to login and download the report.