Global Impact on Consumer Spending in FMCG - COVID-19 Consumer Survey Insights - Week 5

Global Impact on Consumer Spending in FMCG - COVID-19 Consumer Survey Insights - Week 5

Published: May 2020
Publisher: GlobalData
Product ref: 316297
Pages: 28
Format: PDF
Delivery: By product vendor

Forward this to a colleague

Price: $1450.00

Don't worry. No payment is taken yet

Summary

"COVID-19 Consumer Survey Insights: Global Impact on Consumer Spending in FMCG - Week 5" analyzes the results of consumer spending in the week 5 survey. Nationwide lockdowns have led to drastic changes in consumer habits, forcing people to rethink their spending, often due to tighter budgets. Examples of falls in discretionary spending include prepared meals, as cooking at-home increases in popularity. This report looks at how consumer spending has changed over the past weeks, and provides valuable insight into how this behavior may become entrenched in the future.

This report is the week 5 update for consumer spending according to the GlobalData tracker survey. It identifies a range of interesting insights on how behavior has changed since the beginning of the pandemic. Restrictions on movement have encouraged consumers to cut spending on beauty and grooming products. Discretionary spending is down as a result of consumers prioritizing essential goods. This report looks at the changes in consumer behavior and the possible long-term effects of said changes.

Scope

• Discretionary spending has fallen as consumers prioritize essential items. An example is the fall in appeal of prepared meals as consumers increasingly cook at home
• Over a quarter of consumers that buy significantly more than before the pandemic, are spending on premium bakery and cereal goods. This suggests that snacking has become a new key consumption occasion.
• Demand is highest for lower to mid-priced products, but younger consumers present opportunities for premium positioning.

Reasons to Buy

• Identify how spending patterns differ across countries and regions.
• Learn how spending differs according to gender and age group.
• Identify how consumer spending preferences differ across categories.

Price: $1450.00

Don't worry. No payment is taken yet

Need help before you order?

+44 (0)1527 573 736

9:00am - 5:30pm Mon - Fri

Related research categories

By sector: Consumer (in Trends)

By market: Global


Not found what you were looking for?

Or contact our research team

We want to meet your research requirements. Let us know what you need, how to contact you and we will do the rest.





How do you want to be contacted?

Phone callback (one working day)
Email

For enhanced security, please complete the following sum:

4 + 9 =



Forgot your password?