The list below is based on research and findings by Groversons Paris Beauty and the pioneering lingerie industry, Groversons Group, on the possible lingerie trends in shopping in India.
The $20-billion market is expected to grow to $30 billion in the next five years as the market sees the entry of a plethora of brands and a flurry of investors
We as a generation have seen the evolution of retail from independent specialty shops to one-stop-shopping in department stores, malls, and big-box chain stores.
Social media has given this generation the ability to consume information, influence institutions, and share their opinions with almost limitless possibilities.
There has been a marginal decrease in financial concerns noted with 57% people showing they are concerned about delaying large purchases in the current wave
This segment has specific characteristics and can be differentiated/ identified from others because of tell-tale signs like making huge money, having high-cost life, and doesn't have an emergency fund.
As many as 39 percent of Indian consumers expect brands to reduce the amount of plastics used in packaging and 44 percent say more brands should implement sustainability practices.
Three key consumer trends will dominate the Indian food and drinks market for the year 2021 - quality of the product (49 percent), proof of safe production (43 percent) and environment friendliness (43 percent).
Buoyed by past economic growth, Indians have ambitions to live debt-free, own a home, and are optimistic the economy will recover strongly from COVID-19 in 2022.
From changes in category preferences, the emergence of the "new essentials" to the adoption of native languages and surge in new-age forms of payments, this year has borne witness to an array of unique consumer trends.
All thanks to technology, today retail industry has surely witnessed a transformation. Indian consumer packaged goods industry is no exception. Let's know how has the CPG industry changed over time.