Detailed Findings: • Consumer Confidence Remains Low: • Consumer confidence indexes in the US, Eurozone, and China hit their lowest levels since 2005 in 2022. • Confidence in China neared record lows again in August 2024. • In the first half of 2024, consumer confidence was 10-30 points below 2019 averages across the Eurozone, US,…
Category: Maximum Value
Insight of the Day: Ford extends free home EV charger promotion though March
Detailed Findings: • Promotion Extension: Ford extended its “Ford Power Promise” promotion, offering a free home charger and standard installation to EV buyers, through March 31. • Original Timeline: The promotion was initially launched in October and set to end on January 2. • Eligible Vehicles:  2024 or 2025 F-150 Lightning, Mustang Mach-E, and E-Transit. • Motivation: To address…
Insight of the Day: The future of retail in 2025—DTC, e-commerce and in-store predictions
Detailed Findings: • Retail in 2025 is predicted to experience both growth and challenges, with consumer spending potentially remaining strong but influenced by economic uncertainties. • Prices are expected to rise due to potential tariffs on imported goods, impacting both consumers and retailers. • Consumers, especially affluent ones, are increasingly focused on promotions, discounts, and…
Insight of the Day: What will drive poultry foodservice sales in 2025?
Detailed Findings: Elizabeth Doughman’s article from Daily Coffee News explores the emerging trends set to drive poultry foodservice sales in 2025. Focusing on eggs, chicken, and turkey, the article identifies three key trends—value offers, spicy flavors, and the rising prominence of eggs—that are expected to influence consumer behavior in dining out scenarios. Insights from industry experts…
Insight of the Day: What to expect in luxury in 2025
Detailed Findings: • Luxury Sector Slowdown: Global sales of personal luxury goods are projected to fall by 2% in 2024 (excluding 2020, the first decline since 2008), after a multiyear boom during Covid-19. • Focus on Top Spenders: Brands catered to wealthy customers with dedicated experiences and marketing, leading to growth at the top of the market…
Insight of the Day: Datassential identifies how consumers define food value
Summary: Detailed Findings • Food Value Determinants (Groceries): Consumers prioritize product quality (56%), great taste (52%), and cost (47%), with a smaller emphasis on health/nutrition (29%). • Food Value Determinants (Restaurants): Great taste (69%), quality (56%), portion size (41%), and price (37%) guide perceptions of value in dining out. • Luxury in Dining: While 55% of consumers consider…
Insight of the Day: Will restaurant sales and traffic momentum pick up in 2025?
Detailed Findings: • Challenging 2024 for Restaurants: The restaurant industry faced numerous challenges in 2024, primarily driven by consumer pushback against high menu prices, resulting in traffic declines. • Traffic Turned Positive Late in the Year:  Quick-service segment traffic turned positive in October and remained positive in November (up 1.3%), according to Revenue Management Solutions (RMS). •…
Insight of the Day: Value, private label & premium brands will grow in 2025
Detailed Findings: • Modest Growth in 2024: Global retail food and beverage dollar sales grew by 2.6% between November 2023 and 2024, with price and product mix increasing by 1.6% and volume sales by 1.1%, according to Circana. • Subtle Price Impact:  Price increases had a limited impact on revenue growth due to companies offering more promotions…
Insight of the Day: 2025 Fast-Food Primer: Where ‘Value’ Took the Restaurant Consumer
Detailed Findings: • Value and Tech Dominated 2024: The year was defined by the dual focus on consumer value perception amid inflation and the increasing adoption of technology to improve efficiency and manage costs. • Value Beyond Price: Consumers are measuring value beyond just price, considering quality, convenience, experience, transparency, and emotional connection to the brand. •…
Insight of the Day: The consumer’s definition of value is changing
Detailed Findings: • Value Perception: Consumers prioritize quality (56%) and taste (52% for groceries, 69% for restaurants) over price (47% for groceries, 37% for restaurants) when defining food value. • Restaurant Experience: 55% of consumers consider the overall dining experience the most luxurious aspect of eating out, while only 15% of operators agree. • Labeling Confusion: 29% of…
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