1. International

Budgeting Brits: Over half of Brits are planning to keep a stricter budget this Christmas

Written by Posted on Less than 0 min read

The cost of living crisis is biting hard this year as, according to new research from Mintel, over half (54%) of Brits say financial concerns mean they plan to keep a stricter budget this year compared to 2021. Meanwhile, easier access to credit and/or buy-now-pay-later schemes will prove to be an important boost this Christmas […]

View Original Article
Member since

More from Mintel

  1. Shopper & Customer

3 Tips to Help Brands Thrive During Economic Uncertainty

Despite a surge in consumer sentiment at the start of the year, recent bank runs and continued inflationary concerns have caused an unfortunate boomerang effect back to a sentiment of uncertainty. With the economic outlook for the rest of the year unlikely to be positive, consumers are settling in for a prolonged high-rate environment. Now […]
3 min read
0
  1. Shopper & Customer

What Millennials in 2008 Can Teach Us About Gen Z Today

There is no shortage of interest in Generation Z, and similar to the Millennial hype of the early 2000s, there are plenty of generalized identities defining their behaviors, interests and passions. Gen Z consumers have made it their mission to set themselves apart from Millennials. In many ways Gen Z consumers (born between 1997 and […]
5 min read
0
  1. Shopper & Customer

Independent: Around half of consumers plan to cut back on festive spending

London (Independent) — new research from analysts Mintel found that 54% of Britons say financial concerns mean they plan to keep a stricter budget this year compared to 2021. Some 22% plan to make use of credit, including buy-now-pay-later schemes, this festive season, rising to 40% of 16 to 24-year-olds. Nick Carroll, category director of […]
< 1 min read
0
  1. Shopper & Customer

Increase in DIY for the Retail Market

The COVID-19 lockdown caused a massive spike in DIY interest. This was exemplified by Kingfisher, the owner of B&Q and Screwfix, reporting a remarkable 146% increase in online sales from 2021 to 2023 last three years. However, following this, the DIY market saw a decline in 2022 due to the cost of living crisis. The […]
3 min read
0
  1. Shopper & Customer

How are Consumers Spending their Money this Holiday Season?

As the high cost of living continues to impact UK households this autumn and winter, shopping for seasonal food, gifts, decorations, and costumes is once again subject to restrained spending behaviour. This comes after a brief relief in seasonal retail for Halloween, Bonfire Night, and Christmas in 2021, following the lifting of pandemic-related restrictions. However, […]
8 min read
0
  1. Shopper & Customer

Trends Shaping the Future of the Skincare Industry

The ongoing cost of living crisis is causing a shift in consumer priorities in the skincare industry. Is your brand ready to meet consumers’ evolving expectations? Unlike other BPC categories, the UK skincare industry remained resilient throughout the pandemic. However, as the new normal unfolds, shoppers are undeniably adopting price-conscious behaviours in response to the […]
6 min read
0
  1. Trends & External Forces

Mintel announces Global Food and Drink Trends for 2023

Mintel, the experts in what consumers want and why, has today announced four key trends that will shape global food and drink industries in 2023, over the next five years and beyond: Weatherproofed Provisions: Consumers are in need of food and drink formulations that help them endure heat waves, sub-zero temperatures and disastrous weather events. […]
< 1 min read
0
  1. Shopper & Customer

3 way unique ways brands use advent calendars

Advent calendars have been popular since the late 19th century as a way of marking the days until Christmas. Brands have also renamed the seasonal marker as ‘anticipation calendars’ to widen the potential audience. Anticipation calendars also give consumers the opportunity to experiment with products the recipient has not tried before.  From simple interactive cardboard […]
< 1 min read
0
  1. Shopper & Customer

What brands can learn from Vietnam’s ready meal market

What used to be known as TV dinners featuring foods that were edible but bland are now called ready meals and they are anything but tasteless. Instead, these ready meals are mostly appetising and flavourful and save consumers a lot of time and effort.  The demand for ready meals is no longer just a Western […]
< 1 min read
0
  1. Department: Food

You Heard It Here First: Cell-Based Meat

Mintel has been at the forefront of predicting the consumer and market trends that matter most, calling them early and accurately. The ‘You Heard It Here First’ series explores some of the predictions that we’ve made over the years and where they’re headed next, with data, insights and recommendations for brands looking to leverage them […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Sports Betting: The New Frontier for Brands In Sports

As the World Series gets underway next week, sports fans are in the middle of one of the busiest times of the year: football, baseball, hockey and basketball are all in action at the professional level. It’s a rich time for sports fans, and an even richer time for brands who can capitalize.  Amazon is […]
< 1 min read
0
  1. Shopper & Customer

Dessert Industry Trends in the US

Amid an unsteady economy, there have been concerns that consumers will reduce their spending on indulgences, yet the dessert industry remains stable in growth. Nevertheless, Americans are changing their dessert consumption behaviors. In this article, we’ll explore how consumers are contending with healthy versus indulgent dessert perceptions, the influence of plant-based innovation in sweet treats, […]
5 min read
0
  1. Retail Ecosystem

Thought Bubble: Four Exciting Ideas from CES 2023

The ringing in of a new year was quickly followed by the ringing in of a new era of technological innovation at CES 2023. Brands across categories unveiled their latest, greatest, and most forward-thinking solutions to consumer pain points. Here are a few innovations introduced at CES that stood out to Mintel’s tech and media […]
< 1 min read
0
  1. Retail Ecosystem

[PODCAST] Beauty and Personal Care Consumer Trends for 2023 and beyond

Looking ahead to 2023, host Andrew McDougall and beauty industry experts Sarah Jindal and Vivienne Rudd share a preview of the three trends Mintel predicts will impact consumer demand for beauty in the coming year, including brand and product examples and recommendations for marketing strategy and product innovation development over the next five years. The […]
< 1 min read
0
  1. International

The Guardian: ‘Lipstick effect’ – Britons turn to small luxuries in cost of living crisis

London (The Guardian) — The shadow cast by the cost of living crisis has spurred a retreat into small luxuries with Britons cheering themselves up with mood boosters such as luxury lip balms and false nails. While the lipstick index is an established economic indicator Jonny Forsyth, an analyst at the market research firm Mintel […]
< 1 min read
0
  1. Shopper & Customer

Great British beach clean: helping consumers play their part in sustainability

Mintel recently conducted its third annual beach clean at Margate’s west sands in south east England, delivering actionable data to the Marine Conservation Society (a charity working for cleaner and better-protected oceans), as well as valuable lessons for colleagues about their own behaviours and impact. As COP27 approaches, there is a need to engage and […]
< 1 min read
0
  1. Trends & External Forces

Recession and the cost of living crisis: Key challenges and opportunities for brands in the UK

The latest GDP figures showed that the UK economy grew by 0.1% in November, boosted by the World Cup and spending on food and drink. But bad economic news continues to stack up. The Bank of England is predicting a “very challenging” two-year recession. The Office for Budget Responsibility (OBR) has forecast a 1.4% fall […]
< 1 min read
0
  1. Shopper & Customer

[PODCAST] How can brands engage the growing number of ‘hyper fatigued’ consumers?

Host Andrew Davidson is joined by technology, travel and consumer trend experts for a discussion about the 2023 Mintel Global Consumer Trend ‘Hyper Fatigue’. The trend predicts that instead of trying to keep up with technology, consumers will be tempted to give up entirely and return to the ease of tactile pleasures. As the pandemic, […]
< 1 min read
0
  1. Shopper & Customer

Resolution Revolution: Financial Brands Can Gain Insight from Non-Finance Sectors

When the calendar turns over every year, consumers find comfort in numbers: pounds to lose, drinks to not drink, and in 2024 – dollars to save. Mintel research shows six in ten US adults noted improving their finances as one of their top three goals for the next year, only one percentage point lower than […]
4 min read
0
  1. Trends & External Forces

How the 2023 recession will impact US consumer trends

Let’s discuss how today’s economic landscape is impacting the consumer mindset by exploring the consumer trends that have shaped the last two recessions, as well as what brands need to prepare for in 2023.  Not every downturn is equal The 2008 recession was an acute economic downturn triggered by the bursting of the housing bubble. […]
< 1 min read
0
Next