Localism - TrendSights Analysis 2020

Localism - TrendSights Analysis 2020

  • October 2020 •
  • 46 pages •
  • Report ID: 5987069 •
  • Format: PDF
Localism - TrendSights Analysis 2020

Summary
"Localism - TrendSights Analysis 2020" explores one of the 63 sub-trends that the analyst covers as part of our TrendSights series of Consumer Insight studies. The analysis covers what the trend is, why it is important, who is most influenced by it, and how brands and manufacturers can capitalize on it. The research concludes by identifying where the trend is heading next and how long it will last.

Amplified concerns regarding sustainability and familiarity have put local products in the spotlight during the global pandemic as consumers question the authenticity of products and the provenance of ingredients. This trend shows a long-term significance as many consumers continue to positively associate local products with a high level of quality, trust and familiarity, even after lockdown measures have eased.

Scope
- Localization from leading brands - manufacturers should align products with specific local consumer tastes/cultural backgrounds by incorporating regional flavors into formulation and offer regional specific product solutions.
- Clearly labeled packaging - to ensure consumer trust and avoid confusion upon product selection, clearly label local provenance on packaging to leverage “natural” claims.
- Local initiatives to support the community - maximize consumer engagement by responding to demands for local business/community support.

Reasons to Buy
- Understand the relevant consumer trends and attitudes that drive and support innovation success so you can tap into what is really impacting the industry.
- Gain a broader appreciation of the fast-moving consumer goods industry by gaining insights from both within and outside of your sector.
- Access valuable strategic take-outs to help direct future decision-making and inform new product development.
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