Nine key consumer trends in 2024 | McKinsey - McKinsey

Jun 10, 2024 · We estimate the global wellness market to be worth more than $1.8 trillion, growing 5 to 10 percent annually. 4 “The trends defining the $1.8 trillion global wellness …

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Nine Key Consumer Trends In 2024 | McKinsey - McKinsey

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Jun 10, 2024 · We estimate the global wellness market to be worth more than $1.8 trillion, growing 5 to 10 percent annually. 4 “The trends defining the $1.8 trillion global wellness …

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State Of The Consumer 2024: What’s Now And What’s Next

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2024 than in 2023 (Exhibit 3). Younger consumers aren’t just deprioritizing sustainability in their purchase decisions; they’ve 4 “The trends defining the $1.8 trillion global wellness market in …

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9 Global Consumer Trends You Need To Know In 2024, According To ...

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Aug 29, 2024 · According to a recent report by McKinsey & Company, here are nine trends that deserve close attention. Young consumers in emerging markets By 2030, 75% of consumers …

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McKinsey Report Identifies 9 Emerging Consumer Trends Worth …

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Nov 5, 2024 · McKinsey estimates the global wellness market to be worth more than $1.8 trillion, growing 5% to 10% annually. Here, the study found that it is not only Gen Zers and millennials …

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McKinsey & Company On LinkedIn: State Of The Consumer 2024: …

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By 2030, a whopping 75% of consumers will be aged between 15-34. This youthful surge presents a dynamic opportunity for brands to innovate and grow. How do you…

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The Trends Defining The $1.8 Trillion Global Wellness Market In …

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revealed a common theme about consumer expectations: consumers want effective, data-driven, science-backed health and wellness solutions (Exhibit 2). Five trends shaping the consumer …

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Global Economics Intelligence Executive Summary, September …

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Oct 21, 2024 · In the US, August 2024 retail and food services sales rose by 0.1% from July. The consumer confidence index climbed to 103.3 from an upwardly revised 101.9 in July. In the …

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FAQs about Nine key consumer trends in 2024 | McKinsey - McKinsey Coupon?

What is the state of the consumer 2024?

The "State of the Consumer 2024" report by McKinsey & Company unveils profound shifts in consumer behavior worldwide. These insights not only highlight current trends but also underscore the need for businesses to be agile and forward-thinking. ...

How are Gen Z consumers defining the global consumer market?

State of the Consumer 2024, a new report from McKinsey senior partner Sajal Kohli and coauthors, finds that Gen Z consumers around the world are shopping in ways that challenge the status quo. Among the nine trends that the authors identify as defining the global consumer market, Gen Z plays a central role in shaping the following: ...

Which countries are defining the global wellness market in 2024?

1Respondents who indicated “very important” for at least 1 of 18 ESG statements. 2Includes France, Germany, Italy, Spain, and the UK. 4 “The trends defining the $1.8 trillion global wellness market in 2024,” McKinsey, January 16, 2024. and services have been in high demand over the past several years. ...

What will the fashion market look like in 2024?

In 2024, the global economic outlook will continue to be unsettled, as financial, geopolitical, and other challenges weigh on consumer confidence. Fashion markets in China, Europe, and the United States will likely face headwinds, some of which reflect individual regional dynamics. ...

How big is the social-commerce market in 2027?

And in the United States, our consumer analysis indicates the social-commerce market could grow to $145 billion by 2027, up from $67 billion today. According to our survey, Gen Zers make purchases on social media four times more often than older consumers do. What should retailers and consumer goods companies make of these data points? ...

Where is social commerce booming in 2024?

Social commerce is booming in countries like China, India, and Brazil, outpacing growth in Europe and the U.S. Gen Z and millennials are driving this trend, making purchases on social media platforms at much higher rates than older generations. 9 Global Consumer Trends You Need to Know in 2024, according to McKinsey & Co ...