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Trend Sights Analysis on Social Responsibility; Understanding the issues and impacts of socially responsible consumption

Tuesday, November 8, 2016 5:03
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Summary:

Social Responsibility has been a growing trend in the FMCG market in recent years as manufacturers, suppliers, brands, and consumers strive to limit the negative economic, social, and political effects caused by their actions. It is increasingly driven by consumer demand for brands that “the right thing” and their desire to live a more ethical lifestyle that they believe benefits their personal wellbeing. As a result, brands have been trying to reposition themselves and their products as more ethical to appeal to discerning consumers that want high-quality FMCG goods that are more responsible to the environment, workers, and communities. This is especially influential for the food, non-alcoholic drinks, alcoholic drinks, personal care, and pet care categories.

Key Findings 
• Women are the gender most influenced by this trend: 62% of global female consumers find products with ethical attributes appealing.

• The key age group for this trend is 18–34 year olds, with 61% of them finding these products appealing.

• 21% of global consumers believe that food with ethical credentials is better quality and more premium than non-ethical alternatives.

• 70% of Latin American consumers have favorable perceptions of products with ethical claims, compared to 49% of North Americans.

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Reasons to Buy 
• Understand which audiences, categories, and products are most affected by the Social Responsibility trend.

• Compare the presence of this trend in each industry across the FMCG space and learn what the key opportunities are.

• See the actions of brands trying to target the best Social Responsibility opportunities and the results that they have seen.

Synopsis 
“Trend Sights Analysis: Social Responsibility” provides insight into how brands and consumers are placing more emphasis on ethics to benefit brands, consumers, and workers throughout the supply chain. Brands can use this trend to grow sales by positioning themselves as the solution to consumers who want luxurious, high-quality products that positively impacts the communities they operate in throughout the world.

Your key questions answered:

• How relevant is Social Responsibility to my market?

• What does Social Responsibility mean to my category?

• What trends are driving and limiting Social Responsibility consumption?

• Which Social Responsibility opportunities should I target?

Table of Content:

Table of Contents 
1. Trend snapshot 
2. What? 
3. Why? 
4. Who? 
5. How? 
6. What next? 
7. Appendix

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For more information or any query mail at sales@wiseguyreports.com

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About Us

Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available.

Contact Us:
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WISE GUY RESEARCH CONSULTANTS PVT LTD

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Boston, Massaachusetts – 02116

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https://www.wiseguyreports.com/

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