Description
Download the global report preview
Scope
This report was conducted by GfK Consumer Life – the most comprehensive and longest-standing consumer trend study in the world. Its data has been collected annually since 1997 from over 30,000 consumers in more than 25 countries.
Table of contents
- Background
- Making the case for a large and vibrant market
- Making the case for a large and vibrant market
- 50+ lifestyle
- 50+ mindset
- 50+ consumers
- Conclusions/Key Learnings
BENEFITS OF CONSUMER LIFE REPORTS
Get insights into every facet of people’s activities, desires, and needs
Envision the future and anticipate trends
Understand fundamental forces driving consumer mindset shifts in attitudes and behaviors to anticipate changing wants and needs. Identify opportunities in your category, demographic, and market and prevent yourself from being blindsided by quickly identifying potential disruptors.
Understand how personal values and lifestyles evolve
The world is changing rapidly, and it influences consumers’ ideals and actions. Know how their personal values evolve over time, how that impacts their actions, and what it means for your communications and brand portfolio strategies.
Craft messages that resonate with your target group
Ensure that marketing and sales efforts are prioritized and successful by matching your messaging and unique selling points according to customer wants, needs, and changing expectations.
Know how your consumers are similar…and different
Segment consumers by any number of demographics, psychographics, or attitudinal behaviors to quickly, and quantitatively demonstrate consistency and gaps, ensuring that you adjust marketing and outreach accordingly.
Grow and innovate in new products and markets
Use consumer attitudes and behaviors to identify and fill gaps or expand into new markets which present opportunities. Inform product development, marketing, and strategic growth and market sizing.
Identify future outlooks for longer term planning
Gain insights into how consumers see the world evolving, and how that impacts their plans, their purchasing decisions, their lifestyles, and more. Our focus on leading edge consumers provides insights of trends before they become mainstream.
What people are saying about Consumer Life
Top level insights
“Consumer Life from GfK provides top level insights into the macro trends and values shaping the consumer. Understanding and deeply diving into specific generations give us a solid understanding of our future customer’s mindset, while the analysis based on the data in Consumer Life helps us sharpen our strategies and focus on the attributes that matter.”
Alka Baijal
Sr. Manager, Nissan North America
Growth areas for future strategy
“Supported by GfK’s TrendKey Framework, we have identified growth areas for our future strategy. We use the findings, for example, in decisions on marketing strategy and product portfolio. Thanks to the joint workshop, all employees are now aligned with the strategy and have the big picture in mind for every upcoming business decision.”
Thomas Güttler
CEO, Rollei
Extremely valuable
“Our workshop with the GfK Consumer Life team was extremely valuable and gave us a deeper insight into consumers’ attitudes, concerns, and behaviors. All of our questions were answered in a way that will help us to further pursue our business objectives. We are looking forward to working together in the future.”
I’ve been incredibly impressed with the community-building and networking tools as well. Highly recommend!”
Vera Kockler
Marketing Manager at trinamiX GmbH
