What Mintel's 2022 Global Consumer Trends Research Mean For South East Asia
Wednesday, May 25th, 2022 | 87 Views
The pandemic, economic fluctuations, and both local and global events in 2020-21 have caused consumers to form new behaviours, attitudes and values. Mintel’s 2022 Global Consumer Trends recognize these consumer shifts and share predictions on how brands can prepare for upcoming evolutions in consumer behaviour.
They provide a strong foundation for Mintel Food & Drink predictions for what consumers will want from food, drink and foodservice in the years ahead, and why. Through collaboration with consumer analysts and insights from Mintel Trends, a global team of food and drink experts have identified new opportunities in line with three of the 2022 Global Consumer Trend: In Control, Enjoyment Everywhere, and Flexible Spaces.
‘In Control’ explores how consumers are dealing with pandemic-induced feelings of uncertainty and now desire to take control in the ways available to them. Brands can empower consumers to do this within their food or drink purchases through transparent detail on their products.
Heng Hong Tan, Mintel Food & Drink Analyst, APAC, said:
“Today, consumers want more control over their wellbeing. More than half of consumers in the Philippines (61%), Thailand (56%) and Vietnam (64%) say that they check product labels (e.g. ingredients, nutrition) when shopping for food or drink2. Food and drink brands have the complex task of conveying clear and reliable guidance so that a product will meet consumers’ health priorities. They can empower consumers to make the right health choice by giving clear on pack detail linked to dietary requirements.”
In addition to well-being, Mintel Global Consumer research shows that consumers3 in Indonesia (83%), Malaysia (65%) and Singapore (66%) agree that brands should show their impact on the environment on food or drink labels (e.g. carbon footprint, Eco-Score).
“Consumers will expect more transparency about a brand’s climate-friendly and ethical commitments. Brands can win trust with third-party verification or measurements via rating systems which, in turn, can also help consumers make informed choices,” said Tan.
‘Enjoyment Everywhere’ explores the notion that consumers want to break out of their confines after enduring long periods of lockdowns, and will have a newfound appreciation for occasions when happiness, fun, or playfulness can be found in everyday items and activities. Food and drink brands are well-positioned to offer experiences that cannot be replicated online.
“Consumers will be open to food, drink and foodservice that engages more of the senses to trigger emotional connections. Food and drink that captivate the senses can appeal to the unexpected and the intriguing.
“At the same time, the metaverse offers a new arena for brands to engage with consumers. In Singapore, 73% of consumers4 say that they have played games on a tablet, laptop or desktop, according to Mintel Consumer Data. Brands can join the gaming trend and ‘game-ify’ everyday activities like cooking in the digital realm where consumers can connect or bond with another,” continued Tan.
The pandemic left consumers craving for human connection, which, at the same time, delivers them the convenience of online shopping. ‘Flexible Spaces’ explores how consumers have been forced to rethink their work and play spaces due to changing consumer lifestyles.
Blending the best of physical and online spaces will be key in creating spaces for brands to interact with consumers going forward. In Indonesia, 82% of consumers are buying food in person in a store5.
“We will see retailers redefining their approaches to space and selling to accommodate a more diverse consumer base, facilitate deeper consumer-to-brand connections and unite those that share common passions in both physical and online environments. As technology becomes more advanced, these blended worlds will coexist more seamlessly,” concluded Tan.
Hope you enjoyed reading the preview of Mintel 2022 Global Consumer Trend and what they mean for food and drink categories in South East Asia. If you would like to deep dive into these trends and understand what this means for your brand in the coming years—get in touch with us at [email protected]
156% in each market (Indonesia and Malaysia) and Singapore (52%); 1,000 internet users aged 18+
2998 internet users aged 18+ (Philippines); 990 internet users aged 18+ (Thailand); 999 internet users aged 18+ (Vietnam) who have bought food/drink groceries in the past three months prior to August 2021
31,000 internet users aged 18+
4932 internet users aged 18+ who personally own tablet or laptop computers or who have desktop computers in the household
5In the past three months prior to March 2022; 1,000 internet users aged 18+
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