Megatrends in Spain

October 2024

This Megatrends report highlights long-term trends resulting from shifts in consumer values and behaviour. It provides a summary of each of Euromonitor International’s 10 focus megatrends and insights as to how each trend has manifested in Spain.

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Overview:

Consumer Lifestyle reports provide detailed snapshorts of the behaviours, attitudes and spending patterns of consumers in 40 countries. 

The Lifestyles reports offer valuable statistics and insights into key consumer traits and values, linking behaviour trends with purchase and consumption habits. Using lifestyles survey data, these reports quantify behaviours, preferences and motivations both now and in the future across specific consumer-related topics relating to how consumers live, shop, work and play in 40 markets. Analysis is also included on how Euromonitor’s 8 focus megatrends, the longer-term shifts in consumer attitudes and behaviour, are playing out in each of the 40 countries. Consumer lifestyles are constantly shifting. Understanding behavioural shifts is vital for businesses to stay competitive and adapt to in order to capitalise on new opportunities.

The Consumer Lifestyle in Spain report includes:

Lifestyles survey data and analysis on consumer values, behaviour and future expectations on topics such as life priorities, home and work life, ethical and health priorities and eating, leisure and shopping habits and use of technology. Consumer Megatrends covered are: Connected Consumers Ethical Living Experience More Healthy Living Middle Class Retreat Premiumisation Shifting Market Frontiers Shopping Reinvented

The Consumer Lifestyle in Spain report answers:

  • How is the consumer mindset in Spain changing? In Spain, what are consumer attitudes towards “green” and sustainable products?
  • What values influence consumers in Spain purchase decisions?
  • Where and how do consumers shop in Spain?
  • What health-related activities do consumers in Spain participate in?
  • What megatrends should I focus on in Spain (and why)?
  • How do I prioritize my investment? I operate in country x, which are the most important megatrends in that country?
  • My product chimes with the Healthy Living trend, what consumer behaviours do I need to consider for innovation planning?
Scope
Businesses harness megatrends to renovate, innovate and disrupt
The drivers shaping consumer behaviour
Megatrends framework
Emerging technologies and busy l ifestyles to shape consumer preferences in Spain
Convenience
Spanish home services marketplace Webel is set for further expansion
Spaniards seek ways to make life easier
Employees strive for a better work-life balance
Baby Boomers have a strong preference for seeing products in-store
Consumers like the flexibility and choice of online shopping
Spaniards are looking for ways to cut down on cooking time
Digital living
AI-powered virtual influencer Alba Renai moves into TV presenting
Food delivery takes off amid growth in third-party delivery services
Consumers pay greater attention to data privacy
Millennials are the most protective of their personal data
Spaniards have more faith in personal recommendations than in brand messages
Consumers expect a greater amount of online activity in future
Diversity and inclusion
J&B launches inclusion campaign to make hospitality accessible for people with disabilities
Spaniards are less engaged in sharing their opinions on social media
Political and social activism is highest among Millennials
Spaniards embrace diversity and inclusivity
Consumers pay more attention to brand values
Experience more
EA ventures beyond gaming with launch of social app for sports fans
Spain’s experience economy continues to thrive
Holidaymakers want safe and relaxing destinations
Millennials seek personalised and engaging experiences
Personalisation
Spotify launches Spanish version of its personalised “AI DJ” feature
Young consumers want to develop their online personas
Millennials are the most individualistic cohort
Premiumisation
Spain sees the launch of its first premium fresh mushroom brand
Consumers, especially from older generations, value quality over quantity
Millennials feel the most financially secure
Consumers want foods that are both healthy and tasty
Pursuit of value
Mercadona cuts prices of 1,000 products in a bid to attract price-sensitive consumers
Baby Boomers are the thriftiest shoppers
Consumers continue to worry about inflation
Consumers embrace the circular economy
Spaniards will keep looking for ways to stretch their budgets
Shopper reinvented
Ham retailer Enrique Tomás launches vending machines at Barcelona airport
Most consumers are looking for tailored experiences
In-store shopping is still preferable for physical items
S-commerce is emerging as a viable shopping channel
Young consumers are engaging with brands via social media
Sustainable living
Urbaser and Recycleye announce the launch of Spain’s first AI waste-picking robot
Consumers are eager to adopt greener lifestyles
Mindful consumption is on the rise
Cutting down on plastics and food waste are top of the agenda for Spaniards
Consumers take a keen interest in politics
Biodegradability is considered the most important packaging feature
Wellness
Just Loading responds to increased interest in sports nutrition with innovative ingredients
Mindfulness techniques are considered important for mental wellness
Spaniards are keen to raise their fitness levels
Safety is an important consideration when outside the home
Leverage the power of megatrends to shape your strategy today
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