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Indian consumers are shifting from being price sensitive to value sensitive. While Indian brands are still preferred over foreign brands, plastic money is replacing paper money. Consumers want better shopping experiences and are more aware of their rights. Online shopping is emerging due to factors like price and delivery speed, but consumers fear privacy/security issues and fake websites. Future trends include eco-friendly, health-conscious, and packaged products that save time, as well as a preference for domestic/natural products due to growing "Swadesi" culture. The rise of nuclear families and singles will also impact spending decisions.
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Powerpoint presentation -Indian consumer: today and tomorrow
Indian consumers are shifting from being price sensitive to value sensitive. While Indian brands are still preferred over foreign brands, plastic money is replacing paper money. Consumers want better shopping experiences and are more aware of their rights. Online shopping is emerging due to factors like price and delivery speed, but consumers fear privacy/security issues and fake websites. Future trends include eco-friendly, health-conscious, and packaged products that save time, as well as a preference for domestic/natural products due to growing "Swadesi" culture. The rise of nuclear families and singles will also impact spending decisions.
Indian consumers are shifting from being price sensitive to value sensitive. While Indian brands are still preferred over foreign brands, plastic money is replacing paper money. Consumers want better shopping experiences and are more aware of their rights. Online shopping is emerging due to factors like price and delivery speed, but consumers fear privacy/security issues and fake websites. Future trends include eco-friendly, health-conscious, and packaged products that save time, as well as a preference for domestic/natural products due to growing "Swadesi" culture. The rise of nuclear families and singles will also impact spending decisions.
PRESENTED BY : PUNEETA CHUGH HARMEET KAUR • An individual who pays something to buy products/ services for personal use and not for manufacture or resale is called Consumer .
. TYPES OF CONSUMERS SEASONAL CONSUMERS PERSONAL CONSUMERS DISCOUNT DRIVEN CONSUMERS HABITUAL CONSUMERS
Consumers who don’t engage in
Consumers who feel compelled to any buying activity until they hear use certain brands or types of or see large discounts being goods. offered. YOUNG AND RESTLESS IMPULSE BUYERS CONSUMERS
Consumers who make
Eating out, movies and unplanned buying decision occasional clubbing are when they immediately integral part of their connect with the product lifestyle. and its features. EMERGING TRENDS IN INDIAN CONSUMER - TODAY’S CONSUMER SHIFT FROM PRICE SENSITIVE TO VALUE SENSITIVE
PRICE SENSITIVE VALUE SENSITIVE
INDIAN BRANDS STILL PREFFERED THAN FOREIGN BRANDS SHIFT FROM PAPER MONEY TO PLASTIC MONEY • The use of credit card for shopping is a new emerging trend in India. CONSUMER WANT BETTER EXPERIENCE , SERVICES AND AMBIENCE WHICH LED TO GROWTH OF SHOPPING MALLS AND SUPER MARKETS CONSUMER MORE AWARE ABOUT THEIR RIGHTS • Consumer awareness is about making the consumer aware of his/her rights. • High prices, duplicate articles, underweight and under – measurements, rough behavior, undue conditions, artificial scarcity are some of the ways by which consumers are exploited by manufacturers and traders. • Enactment of CONSUMER PROTECTION ACT 1986 was a step towards safeguarding interest of consumers. TRADITIONAL SHOPPING VS ONLINE SHOPPING
The act of puchasing good The act of purchasing
or services by physically products or services over visiting the retail stores. the internet through e- commerce retailers such amazon, flipkart , ebay etc WHAT FACTORS CONSUMERS LOOKS INTO WHILE FEARS WHILE SHOPPING SHOPPING ONLINE ONLINE
1. BEST PRICE 1. PRIVACY AND SECURITY
2. RETURN POLICY ISSUES 3. COD 2. FAKE WEBSITES 4. FASTER DELEVERY 3. ORIGINALITY OF PRODUCT 5.CASH BACK GUARANTEE 6. MORE CHOICES SOCIAL MEDIA FUTURE CONSUMER TRENDS MOVE TOWARDS ECO- FRIENDLY PRODUCTS • A significant percentage of Indian consumers are willing to pay more for eco-friendly products. • Degradation of environment has led to increase in environment conscious consumers demanding eco-friendly products. HEALTH CONSCIOUS CONSUMERS
Rising income levels and expanding consumption has resulted in at least
one disturbing trend OBESITY along with related ailments like heart diseases and diabetes so there is a shift towards health conscious products. PACKED FOOD – SAVES TIME • Packaged food has revolutionized the market through its business and technological advances. • Best alternative for cooking • Convenient to keep and store • Shelf life of food products is more SWADESI CULTURE • As recently as a decade or two ago, Many indians looking forward to their relatives’ bringing chocolates, Perfumes etc from abroad. • Times has changed : today 60% of indians are willing to pay extra for products made in India. • They are more interested in natural products. NUCLEAR FAMILIES AND SINGLES • While the nuclear family may seem to be india’s new normal, the future could see a further shift in household composition- from nuclear household to single households.
• From 2001 to 2011, no. of single
women over the age of 20 increased by 40%.
• This change have implications on
spending decisions which will be based more on lifestyle than on functional needs.