1. Trends & External Forces

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

Written by Posted on Less than 0 min read

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 […]

View Original Article
Member since

More from Mintel

  1. Department & Category

A day in the life of a money-saving mum in 2023

Most of the UK experienced an unusual feeling this week: warm sunshine. Less welcome, sadly, was the news that food prices were still stubbornly, and for too many people, debilitatingly high. With food inflation at 19.1%, close to a record high, it is only right that Mintel focuses attention on those consumers who are struggling […]
2 min read
0
  1. Trends & External Forces

Supporting women’s health this International Women’s Day and beyond

The theme of this year’s International Women’s Day (IWD) is #EmbraceEquity. Gender equity involves recognising the differences in needs between groups and providing the necessary resources and opportunities for all to thrive. Gender biases and inequalities have been reported in healthcare. Women are more often underdiagnosed and undertreated for a variety of health conditions. In […]
5 min read
0
  1. Shopper & Customer

Truths About Summer Travel

With the summer season comes an influx in travel, and in recent years we have seen a clash of two forces: the desire to travel outside of the country versus a cost of living crisis forcing households to reconsider their budget for a summer holiday. Mintel has identified five key truths about summer travel that […]
4 min read
0
  1. Department & Category

Three food and drink trends to watch out for in 2023

The food and drink industry has already experienced huge changes from the impacts of the conflict in Ukraine, to the cost of living crisis. In this blog we identify three major trends for brands to put on their radar to help them navigate the year ahead.  In 2022, inflation in Europe reached levels not seen […]
< 1 min read
0
  1. CPG: HBC

The Mince-tel Pie Tasting Awards 2022: a tale of sugar, spice highs, and cost of living price lows

What makes the ultimate supermarket mince pie? Shortcrust pastry which is soft, buttery and devoid of tonsil-tickling, floury dryness? Perhaps it’s mincemeat that resonates with warm spice, rather than Old Spice? Or maybe a pastry lid motif that more resembles a festive star than the agonised face in Klimt’s The Scream? Well, in Mintel’s London […]
< 1 min read
0
  1. Trends & External Forces

Mintel releases 2022 APAC Beauty and Personal Care Landscape

Mintel, the experts in what consumers want and why, has today released the new edition of APAC Beauty and Personal Landscape, which looks at the latest consumer trends and market developments in the region’s beauty industry over the past 12 months and beyond. A key driver is the heightened and expanded focus on health as […]
< 1 min read
0
  1. Shopper & Customer

3 ways brands can help consumers adopt a holistic mind-body approach to dieting

Mental and physical health are inextricably tied, with evidence pointing to a strong relationship between the mind and body, with a number of physical health conditions linked to mental health, such as the link between irritable bowel disease and stress, and the link between stress and cardiovascular system. Many consumers understand this mind-body link in […]
< 1 min read
0
  1. Shopper & Customer

UK Homeware Trends Report

The UK homeware market has shown remarkable resilience and adaptability in recent years, having faced the extended hiatus of the COVID-19 outbreak and a cost of living crisis which squeezed budgets back to the essentials. The high interest rates of 2023 also impacted homebuyers – a key target market for this sector. Despite these challenges, […]
4 min read
0
  1. Media & Marketing

How Women Dominated This Year’s Super Bowl Viewing Experience

When she’s not busy preparing Totino’s pizza rolls for her husband and his friends during the Super Bowl, what’s a woman to do? Well, if it’s SNL, she can turn to Totino’s Super Bowl Activity Pack for Women, a collection of “fun little puzzles and games.” But if it’s not a sketch show and instead […]
4 min read
0
  1. Technology & Innovation

Tech at Mintel: Focusing on gender diversity

The Tech at Mintel series shines a spotlight on our global IT department and how some of the industry’s best and brightest build Mintel’s modern, agile, and scalable technology backbone. Mintel Technology teams have grown significantly over the past year, but women are still hugely underrepresented in the tech industry. Part of the challenge is changing the […]
< 1 min read
0
  1. Trends & External Forces

How sustainability, holistic health, and inflation create opportunities for household cleaning brands

New Mintel research on household surface cleaners spotlights how key issues like sustainability, holistic health, the pandemic, and inflation are affecting the industry. And, while we know that around half of Americas clean their home on a regular basis, these key issues are creating new challenges and opportunities for brands: Changes in cleaning habits mean […]
< 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. Technology & Innovation

What influencers are getting right about product strategy leading into 2023

Consumers tend to be more flexible with their spending during periods of economic uncertainty. That helps them get the best value, and to do so, it makes them more willing to 1. do more research and 2. switch brands and retailers. For marketers, this poses a variety of questions—namely, how do we support consumers’ research […]
< 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. Department: Consumer Durables

Leading Brands in Festival Fashion

Sustainability in Festival Fashion As sustainability becomes more of a priority for festival goers, with initiatives like using turf to generate electricity at the Isle of Wight Festival, or Green Man Festival’s solar-powered stages, and hydrogen and hydrotreated vegetable oil power; fashion will experience similar trends. Many consumers are turning to renting a summer wardrobe […]
3 min read
0
  1. Shopper & Customer

Today in Retail Highlights: UK Supermarkets

In this new blog series, Mintel reviews the latest retailer marketing and innovations, including new store openings, online developments, new concept or category launches. For this month’s highlight, our retail experts weigh in on three exciting developments in UK supermarkets. Tesco teams up with March Muses in new partnership This is a really positive move […]
3 min read
0
  1. Trends & External Forces

[PODCAST] Food and drink consumer trends for 2023 and beyond

Host Andrew McDougall is joined by the brilliant minds behind Mintel’s new 2023 Global Food and Drink Trends to discuss their predictions for the future of consumer behaviour and what that means for food and drink brands around the world. Centred around global crises, climate change, mental performance, the overwhelmed consumer and space, this year’s […]
< 1 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. ESG

Caring for others and the planet: Mintel Gives 2022 roundup

At Mintel, giving back to the communities where we live and work is an integral part of our culture. We believe everyone has a role to play in caring for one another and the planet, whether by making monetary contributions or volunteering in the community.  Through Mintel Gives, we drive various community engagement projects focusing […]
< 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
Next