2024 Grocery Trends: A Mid-Year Guide - NIQ

1. Private Label Growth is Slowing For years, retailers have been working to improve the quality and market share of their private-label product offerings. ...2. Sustainability Matters to Consumers One thing is very clear: sustainability matters to the public. ...3. Value Shopping is Up ...4. Promotions Are Losing Steam ...5. Omnisales Are on the Rise

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NIQ Unveils Comprehensive 2024 Consumer Outlook Report: …

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Feb 7, 2024 · Key findings from the NIQ Global Consumer Outlook Report: Value and Volume Slowdown: In November 2023, prices rose by 6.1%, a significant drop from the 13.6% …

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FAQs about 2024 Grocery Trends: A Mid-Year Guide - NIQ Coupon?

What is mid-year consumer outlook 2024?

About Mid-Year Consumer Outlook: Guide to 2025: NIQ’s Mid-Year Consumer Outlook 2024 provides an analytic assessment of the state of consumers, based on a global footprint of consumer intelligence solutions and the feedback of over 17,000 online consumers in 23 countries. ...

What is Niq's mid-year consumer outlook 2024?

NIQ’s Mid-Year Consumer Outlook 2024 provides an analytic assessment of the state of consumers, based on a global footprint of consumer intelligence solutions and the feedback of over 17,000 online consumers in 23 countries. The goal: to better understand their current thinking about the economic environment, as well as what they're buying—and why. ...

What are consumers looking for in online grocery options in 2023?

According to NIQ’s 2023 Consumer Outlook, 46% of consumers identified physical or mental wellness as one of their top priorities. 5 As consumers become more health-conscious, there is a growing demand for online grocery options that cater to specific dietary needs and preferences. ...

What is the consumer Outlook report for 2024?

"In today's disruptive global economy, our Consumer Outlook Report for 2024 serves as a compass, navigating through the ripples of economic events and unveiling insights into consumer behavior," said Tracey Massey, COO of NIQ. ...

How will consumer behavior change in 2024?

To build upon any inroads made in the first six months of 2024 and maintain their positive momentum, consumers will redirect their spending to where it matters most, shifting from cautious to intentional consumption. ...

Will online grocery sales grow in 2040?

By 2040, a staggering 95% of purchases are projected to be made online. 1 Yet, total online food sales in the past year are only 10.7% of the dollar volume of in-store sales. 2 With so much room to grow, it makes sense that online grocery sales are growing at a fast pace. ...