Megatrends in the UK

September 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 the UK.

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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 United Kingdom 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 United Kingdom report answers:

  • How is the consumer mindset in United Kingdom changing? In United Kingdom, what are consumer attitudes towards “green” and sustainable products?
  • What values influence consumers in United Kingdom purchase decisions?
  • Where and how do consumers shop in United Kingdom?
  • What health-related activities do consumers in United Kingdom participate in?
  • What megatrends should I focus on in United Kingdom (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
Convenience and technology will continue to shape UK lifestyles
Convenience
Uber Eats innovates with pick and pack service for grocery deliveries
Consumers yearn for a less complicated life
Employees are looking for better work-life balance
Millennials prefer online shopping
E-commerce offers shoppers more flexibility
Younger consumers seek more convenient meal solutions
Digital living
AI-powered “roomscrolling” app Jitty expands to central London
Consumers use advanced tech to enhance their experiences
More than half of consumers are averse to targeted advertisements
Millennials will share their data, provided it is carefully managed
Consumers lack trust in company ads
Face-to-face activity is expected to increase post-pandemic
Diversity and inclusion
Specsavers makes children’s glasses range more inclusive
Higher share of consumers tend to express their opinions on social media
Millennials invest time and money in good causes
Most British feel comfortable in their skin
Consumers start to hold companies to account
Experience more
Boots’ new beauty concept store offers a range of experiences
Consumers return to cultural venues in the aftermath of the pandemic
Relaxation and personal safety are key considerations for holidaymakers
Millennials are eager to make memories
Personalisation
Tailored dog meal provider Marleybones set for expansion
Millennials are the most open to targeted offers
British are less keen than global counterparts on tailored experiences
Premiumisation
Nescafé invests in an indulgent coffee collection
Millennials are eager to stand out from the crowd
Shoppers are become more discerning about their purchases
Nutrition and taste are the top attributes in food
Pursuit of value
Morrisons launches price-matching scheme in bid to rival discounters
Consumers shop around more as budgets are squeezed
Millennials feel the least vulnerable
Consumers embrace the circular economy
Gen Z are the thriftiest cohort
Shopper reinvented
Tesco expands its online offering with new third-party marketplace
Millennials place their trust in celebrity endorsements
Shoppers buy more online, but still prefer physical stores for clothing
Social media platforms emerge as the latest shopping channel
Younger generations are the most active on social media
Sustainable living
Marks & Spencer expands its “Refilled” scheme for own label home care products
Mindful consumerism is on the rise
Baby boomers are the keenest recyclers
Reducing food waste and plastic are top priorities
Citizens are turning to social media to voice their opinions
Consumers want packaging that can be recycled
Wellness
Social media influencer launches innovative symbiotic supplement for gut health
Consumers focus on holistic ways to alleviate stress
Millennials turn to supplements that promote good health
Consumers continue to take precautions post-pandemic
Leverage the power of megatrends to shape your strategy today
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