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- US Circular Shopping Market Report 2023
US Circular Shopping Market Report 2023
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The future of shopping is becoming more circular, consumers are more willing than ever to consider alternative shopping options. Learn more about how your business can drive growth in this market by purchasing Mintel’s comprehensive US Circular Shopping Market Report. The report is full of consumer-led market research and contains expert analysis of the future of circular shopping, the current trends in the industry, and consumer attitudes and behaviour.
In this report, you’ll find information on:
When compared to traditional, linear retail models, circular retail is not as popular with consumers. However, adoption of these offerings continues to increase, and secondhand shopping and rentals have benefited from uncertain economic times. Moving forward, there will be more of a focus on sustainability, which will further benefit the circular shopping market. Â
Consumers are finding circular shopping options more attractive due to the financial and environmental benefits. Everyday clothing, furniture and home décor are the most commonly bought items using circular options.
The circular economy will revolutionise shopping, and has the potential to influence the way goods are made and consumers shop. Mintel’s market experts expect that the adoption of circular shopping options will accelerate even more among consumers and brands alike in the near future. It’s clear that secondhand and rentals will become more popular shopping choices moving forward. There are opportunities for retail brands to explore in order to better serve consumers and secure future growth. To learn more about these opportunities for your business, purchase our full US Circular Shopping Market Report.
This report, written by Marisa Ortega, a leading retail and ecommerce analyst, delivers in-depth commentary and analysis to highlight current trends in the US retail market and add expert context to the numbers.
Circular shopping options are becoming increasingly attractive due to their financial and environmental benefits. Additionally, perceptions around ownership are shifting – with more and more consumers looking for flexibility and the stigma of buying secondhand decreasing. But it’s not just about practicality – consumers are also drawn to these shopping options for their unique offerings. It’s clear that secondhand and rentals will become more popular shopping choices moving forward – creating opportunities for alternative and traditional brands and retailers.
Marisa Ortega
Retail & eCommerce Analyst
Mintel is the world’s leading market intelligence agency. We show you how consumers think today and tomorrow. As a trusted partner to industry leaders, we deliver game-changing insights to businesses across the globe, fuelling their marketing and innovation strategies that will shape the future.
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