2023
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India Sustainability Market Report 2023
2023-12-04T16:01:50+00:00
REP2D7FBBFC_D9D8_4026_9074_BBE2757BAAE2
2195
168736
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Report
en_GB
Attract Indians to sustainable consumption with natural, organic and local elements. Focus on fostering knowledge, affordability and convenience. Saptarshi Banerjee, Senior Research Analyst - Lifestyle, India…
India
Sustainability
simple

India Sustainability Market Report 2023

Amidst global economic uncertainties, Indian consumers are demonstrating a growing consciousness towards mindful spending and responsible consumption.

As sustainability awareness gains traction, 25% of consumers are opting for sustainable products. This adoption could be due to a genuine desire to make a positive impact on the planet, to project an eco-conscious image or to alleviate guilt. Sustainability knowledge gaps and scepticism about brands’ sustainability commitments will persist, requiring businesses to address these concerns effectively.

Key Topics Covered in this Report

  • Trends in sustainability investments, value-driven consumer mindsets and support for local products that influence the trajectory of Indians’ sustainable lifestyle
  • The mindset, behaviours and concerns of Indian consumers who have embraced sustainable products
  • The roadblocks to adopting a sustainable lifestyle: lack of knowledge, affordability and convenience
  • Opportunities to leverage Indians’ sustainable living through natural, organic and local elements

 

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Expert Analysis From Mintel

Attract Indians to sustainable consumption with natural, organic and local elements. Focus on fostering knowledge, affordability and convenience.
Saptarshi Banerjee
Senior Research Analyst – Lifestyle, India

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  1. EXECUTIVE SUMMARY

    • Key issues covered in this Report
  2. KEY TRENDS AND MARKET FACTORS

    • Graph 1: product launches with sustainable claims, 2018-22
    • The early age of sustainability investments
    • Graph 2: consumers who plan to save more money for investments ‘in next 3-12 months’, by age group, 2023
    • Graph 3: consumers who ‘strongly agree’ to prioritise purchasing a product that aligns with their values, by age group, 2023*
    • Sustainable living boosted by value-driven mindset
    • Graph 4: attributes encouraging product purchase beyond price, 2023
    • Graph 5: consumers who agree that ‘eco/ethical claims’ is an important factor when buying a product, by product category, 2023
    • Growing momentum of local product support
    • Graph 6: consumers who agree that being a ‘local brand’ is an important factor when buying a product*, by product category, 2023
    • Graph 7: attributes associated with Indian brands and imported brands, 2022
    • Graph 8: product launches with ‘local’ and/or ‘vocal for local’ search results and ‘premium’ claim, 2018-22
  3. what consumers want and why

    • A dilemma of sustainable product users
    • Graph 9: consumers who have purchased sustainable products in the past year, 2023
    • Graph 10: consumers who have purchased sustainable products in the past year, by generation, education level and socio-economic group, 2023
    • Graph 11: product categories which sustainable product shoppers preferred purchasing in sustainable alternatives, 2023
    • Graph 12: product categories which sustainable product shoppers preferred purchasing in sustainable alternatives, 2023
    • Graph 13: attitudes towards sustainability, by sustainable product shopper category, 2023
    • Graph 14: consumers who are willing to pay for products with sustainable claims, by financial situation, 2023
    • Back at one: create awareness and increase affordability
    • Graph 15: consumers’ attitudes towards sustainability, by socio-economic class, 2023
    • Graph 16: consumers’ top concerns over the next six months, 2023*
    • Graph 17: actions to save money*, 2022-23
    • Use nature and localism for sustainable living
    • Graph 18: impactful actions that consumers are aware of to live sustainably, 2023
    • Graph 19: consumers who have purchased sustainable products in the past year, by generation, monthly household income and socio-economic group, 2023
    • Graph 20: product categories that consumers bought more natural/organic options of in 2020 compared to 2019, 2021
    • Graph 21: product launches with ‘natural’ and ‘ethical & environmental’ claims, 2018-22
  4. APPENDIX

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