2023
0
India Consumer Spending Priorities Market Report 2023
2023-10-17T14:55:36+01:00
REPCDADAE73_F52D_42E7_9032_6DC0CE9BCA52
2195
167307
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Report
en_GB
In an uncertain economy, Indians seek respite in pleasure and enjoyment while looking for ways to cut costs in the long run; preventative healthcare has become a priority for parents.

India Consumer Spending Priorities Market Report 2023

£ 2,195 (Excl.Tax)

Report Summary

In an uncertain economy, Indians seek respite in pleasure and enjoyment while looking for ways to cut costs in the long run; preventative healthcare has become a priority for parents.

Saptarshi Banerjee, Senior Research Analyst – Lifestyle, India

Table of Contents

  1. executive summary

    • Key issues covered in this Report
  2. Key trends

    • Premiumisation opportunities arise with the rising middle class
    • Graph 1: consumers' current financial situation*, 2022-23
    • Graph 2: consumers' future financial sentiment over the next year, by age group*, 2023
    • Affordable indulgence grows amid inflation
    • Graph 3: what consumers are concerned about over the next six months, by age group*, 2023
    • Graph 4: spending changes consumers are planning to make*, 2023
    • Preventive healthcare is a new saving solution
    • Graph 5: consumer attitudes towards health and wellbeing*, 2023
  3. what consumers want and why

    • Graph 6: monthly spending of consumers across categories, 2022 vs 2023
    • Hedonic needs give rise to indulgence seekers
    • Graph 7: consumer attitudes towards spending, by financial situation, 2023
    • Graph 8: consumer attitudes towards spending, by age group and gender, 2023
    • Graph 9: categories bought by consumers on a monthly basis, by attitudes towards spending and age group, 2023
    • Graph 10: consumers who bought clothing and accessories on a monthly basis, by city tier, generation and gender, 2023
    • Graph 11: consumers who bought beauty and personal care products in the last six months, by gender, age group and city tier, 2023
    • Graph 12: categories consumers spend on a monthly basis, by age group, gender, city tier and SEC, 2023
    • Long-term goals give rise to cautious spenders
    • Graph 13: top acitivities that consumers are prioritising in the next 12 months, by age group and gender, 2023
    • Graph 14: ways consumers are planning to improve their financial situation, 2023
    • Graph 15: ways in which consumers are planning to improve their financial situation, by gender age group, city tier, SEC and employment, 2023
    • Graph 16: ways consumers are planning to improve their financial situation, by generation, 2023
    • Graph 17: categories spent on a monthly basis by consumers in the last six months, by ways consumers are planning to improve their financial situation, 2023
    • Graph 18: ways consumers are planning to improve their financial situation, by parental status, 2023
    • Graph 19: ways consumers are planning to improve their financial situation, by gender, age group, city tier and region, 2023
    • Health and wellness spending rises among parents
    • Graph 20: consumer attitudes towards spending, by city tier and parental status, 2023
    • Graph 21: consumer attitudes towards spending, by city tier and financial situation, 2023
    • Graph 22: consumers who have spent on health and wellness products on a monthly basis, by parental status and gender, 2022, 2023
    • Graph 23: % of VMS launches by ingredient claims, 2018-23
    • Graph 24: consumers who spent on health and wellness products on a montlhy basis, by age group and gender, 2023
  4. APPENDIX

    About the report

    This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.

    Market

    Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.

    Consumer

    Mintel’s proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.

    Brand/Company

    Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.

    Data

    Market reports provide appendices of data to support the research and insight produced. Our databoks* are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.

    *databooks not available with UK B2B reports (all priced at £1,495).

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    India Consumer 2024 Sample Cover

    Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted. Our reports are available to download in PDF and PPT formats.

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