The beauty industry is constantly evolving and growing, with global sales projected to reach $716 billion by 2025. However, in this crowded and competitive market, it is becoming increasingly challenging for brands to stand out and capture the attention of their target audience.

Did you know that 75% of consumers expect personalised experiences from beauty brands? To provide personalised experiences and create effective marketing strategies, brands in this space must understand the consumer behaviour of their target audience.

Demographics

Understanding the demographics of the beauty and cosmetics consumer is essential for product marketing managers to create effective campaigns and products that resonate with their target audience. Over the years, the demographics of the beauty industry have evolved significantly, with changes in age, gender, and socioeconomic backgrounds.

Traditionally, the beauty industry was primarily marketed towards women, but in recent years, there has been a shift towards inclusivity and diversity, with many brands now targeting men, non-binary individuals, and individuals of all ages and ethnicities.

According to a report by Euromonitor International, in 2020, the global beauty and personal care market saw a 6.5% increase in male grooming products, and 60% of men reported using skincare products daily. This trend is expected to continue in the coming years, with more men becoming interested in grooming and personal care.

In terms of age, the beauty industry targets a wide range of age groups. The younger generation, especially millennials and Gen Z, have been particularly influential in driving trends and shaping the industry. This demographic is more likely to be influenced by social media and celebrity endorsements and is more open to trying new products and experimenting with different looks.

Socioeconomic background also plays a role in consumer behaviour in the beauty industry. High-end luxury brands tend to target a more affluent audience, while drugstore brands aim to be more accessible to consumers on a budget.

Psychographics

In addition to demographics, understanding the psychographics of your target audience is essential for product marketing managers in the beauty industry. Psychographics refers to consumers’ attitudes, values, and beliefs and how these factors influence their purchasing decisions.

For example, some consumers may prioritise sustainability and ethical sourcing when choosing beauty products, while others may prioritise convenience and affordability. Some consumers may be loyal to a particular brand or product, while others may be more open to trying new products and experimenting with different looks.

To better understand the psychographics of your target audience, it can be helpful to conduct market research, such as surveys or focus groups, to gather insights into their preferences and purchasing habits. Social media can also be a valuable tool for understanding the attitudes and values of your target audience, as it provides a platform for consumers to share their opinions and engage with brands.

Once you have a better understanding of the psychographics of your target audience, you can tailor your marketing strategies and products to meet their specific needs and preferences. For example, if sustainability is essential to your target audience, you could focus on using eco-friendly packaging and ingredients in your products. If convenience is a priority, you could develop products that are easy to use on-the-go.

Consumer Behaviour Models

Exploring different consumer behaviour models can be helpful to better understand the consumer behaviour of your target audience in the beauty industry. These models provide a framework for understanding consumers’ purchasing decisions and can help brands develop effective marketing strategies.

  • Traditional Marketing Funnel: This model is a widely used framework for understanding the customer journey. It consists of four stages: awareness, interest, decision, and action. At each stage, consumers have different needs and requirements, and it is the job of product marketing managers to provide the right information and support to move them through the funnel toward a purchase.
  • Customer Decision-Making Process: This model is a more in-depth framework that focuses on the internal thought processes of consumers. It consists of five stages: problem recognition, information search, evaluation of alternatives, purchase decision, and post-purchase evaluation. This model highlights the importance of understanding the needs and preferences of consumers at each stage of the decision-making process.
  • Consumer Adoption Process: The consumer adoption process model focuses on how consumers adopt new products. It comprises five stages: awareness, interest, evaluation, trial, and adoption. This model benefits brands introducing new products to the market, as it helps them understand the factors that influence consumers’ adoption of new products.

By understanding these different consumer behaviour models, product marketing managers can tailor their marketing strategies to better meet the needs and preferences of their target audience at each stage of the customer journey. 

For example, suppose a brand is launching a new product. In that case, the consumer adoption process model can be used to develop a targeted marketing campaign that focuses on building awareness, generating interest, and encouraging product trialling.

Understanding the different consumer behaviour models is crucial for brands in the cosmetics and beauty industries to develop effective marketing strategies that resonate with their target audience. These models provide a framework for understanding the customer journey and can be used to create targeted campaigns that meet the needs and preferences of consumers at each stage of the decision-making process.

Purchase Decision Factors

To better understand the consumer behaviour of your target audience in the beauty industry, it is essential to identify the key factors that influence their purchase decisions. Some of the factors that can influence purchase decisions in the beauty industry include:

  • Brand Loyalty: Brand loyalty is a significant factor in the beauty industry. Consumers often develop strong attachments to specific brands and are more likely to purchase products from those brands. This can be influenced by factors such as product quality, brand reputation, and the consumers’ emotional connection to a particular brand.
  • Price Sensitivity: Price is another significant factor in consumer purchase decisions in the beauty industry. Consumers may be willing to pay a premium for high-end luxury products but also look for affordable options that provide value for money. Price sensitivity can be influenced by factors such as the consumer’s budget, the product’s perceived value, and the market’s competition.
  • Product Quality: Product quality is a crucial factor in the beauty industry. Consumers expect high-quality products that deliver on their promises and provide the desired results. Quality can be influenced by factors such as the ingredients used, the manufacturing process, and the testing and certification of the product.
  • Social Influence: Social influence can also significantly influence consumer purchase decisions in the beauty industry. Consumers may be influenced by the recommendations of friends and family, as well as social media influencers and celebrities. This can be particularly important for younger generations, who are more likely to be influenced by social media.

By understanding these key purchase decision factors, brands can develop marketing strategies and products that meet the needs and preferences of their target audience. 

For example, if brand loyalty is a significant factor for the target audience, the marketing strategy could focus on building emotional connections and highlighting the brand’s reputation and heritage.

Consumer Segmentation

Consumer segmentation divides consumers into groups based on shared characteristics, such as demographics, psychographics, and behaviours. This approach allows brands to understand their target audience better and develop products and campaigns that meet their specific needs and preferences.

In the beauty, personal care, and cosmetics industries, consumer segmentation can be beneficial due to the wide range of products and needs of different consumers. Some examples of different consumer segments within the beauty industry include:

  • Age-Based Segmentation: This segmentation approach targets consumers based on their age groups, such as millennials, Gen Z, or Baby Boomers. Each age group may have different needs and preferences regarding beauty products, and marketers can tailor their products and campaigns to meet those specific needs. For example, younger consumers may be more interested in social media and influencer marketing, while older consumers may prefer traditional advertising.
  • Gender-Based Segmentation: While the beauty industry has traditionally targeted women, there has been a shift towards gender-neutral and inclusive marketing in recent years. Gender-based segmentation can help marketers develop products and campaigns that speak to the specific needs and preferences of different gender identities.
  • Skin Type-Based Segmentation: Consumers may have different skin types, such as dry, oily, or combination. Products can be tailored to meet the specific needs of each skin type, such as developing products for oily skin that focus on reducing shine and controlling oil production.

By understanding the needs and preferences of different consumer segments, brands can develop targeted products and campaigns that resonate with their target audience. For example, if a brand targets younger consumers, it could focus on developing products that are Instagrammable and easily shared on social media. Alternatively, if a brand targets consumers with specific skin concerns, it could develop products that address those concerns, such as anti-ageing products for mature skin.

Consumer segmentation is a valuable tool for product marketing managers in the beauty industry to understand their target audience better and develop products and campaigns that meet their specific needs and preferences. By tailoring their marketing strategies and products to different consumer segments, product marketing managers can increase the effectiveness of their campaigns and better connect with their target audience.

Trends in the Beauty Industry

The beauty industry constantly evolves, and brands must stay current with the latest trends and developments. Here are some of the current trends in the beauty industry:

  • Clean Beauty: Clean beauty refers to products made with non-toxic, natural ingredients free from harmful chemicals. Consumers are becoming increasingly concerned about the ingredients in their beauty products and are looking for products that are better for their health and the environment. This trend is influencing consumer behaviour and driving demand for clean beauty products.
  • Sustainability: Sustainability is becoming a top priority for consumers in the beauty industry. Consumers are looking for products that are produced in an environmentally-friendly way and packaged in sustainable materials. This trend drives innovation in product development and packaging and encourages companies to adopt more sustainable practices throughout their operations.
  • Inclusivity: Inclusivity is a growing trend in the beauty industry, with consumers looking for products that cater to a diverse range of skin tones, hair textures, and gender identities. This trend drives increased representation and diversity in advertising and product development and encourages companies to be more inclusive in their messaging and branding.

Brands can adapt to these trends by developing products and campaigns that align with consumer values and preferences. For example, a brand could create a line of clean beauty products that use natural ingredients and are free from harmful chemicals. They could also focus on sustainability by using eco-friendly packaging and reducing their carbon footprint. Additionally, they could incorporate inclusivity into their marketing strategies by featuring a diverse range of models in their advertising and offering products that cater to a diverse range of skin tones and hair textures.

Staying up-to-date with the latest trends in the beauty industry is crucial for product marketing managers to develop effective marketing strategies that resonate with their target audience. By adapting to trends such as clean beauty, sustainability, and inclusivity, product marketing managers can create products and campaigns that meet the needs and preferences of their consumers and drive demand for their brands.

Case Studies

To better understand effective product marketing campaigns in the beauty industry, analyzing successful campaigns and understanding why they effectively reached their target audience can be helpful. Here are some examples of successful product marketing campaigns in the beauty industry:

Dove Beauty Case Study

Dove is a brand synonymous with inclusivity and body positivity in the beauty industry. In 2004, Dove launched its “Real Beauty” campaign, which quickly became one of the most iconic marketing campaigns in the industry.

The “Real Beauty” campaign focused on celebrating the natural beauty of women of all ages, sizes, and skin tones. The campaign featured real women in their advertisements rather than professional models or actresses. The campaign also included a series of viral videos that challenged traditional beauty standards and encouraged women to embrace their natural beauty.

The campaign was a huge success, generating millions of views and sparking a conversation about beauty standards and representation in the media. Here are some reasons why the campaign was so effective:

  1. Catering to consumer values: The “Real Beauty” campaign was successful because it focused on consumer values, such as inclusivity, authenticity, and body positivity. The campaign resonated with consumers tired of seeing unrealistic beauty standards in the media and looking for brands that celebrated diversity and real beauty.
  2. Using social media to build a following: Dove leveraged social media to connect with its target audience and build a loyal following. The campaign included a website and social media channels that encouraged women to share their stories and photos, creating a community of women who were united by the campaign’s message.
  3. Differentiating from competitors: Dove differentiated itself by taking a bold stance on inclusivity and body positivity. The campaign challenged traditional beauty standards and celebrated the natural beauty of women of all ages, sizes, and skin tones. This differentiated Dove from other beauty brands focused on promoting unrealistic beauty standards.

The “Real Beauty” campaign was not without its critics, however. Some criticised the campaign for promoting Dove products as a solution to low self-esteem and body image issues. Others argued that Dove was still promoting a narrow definition of beauty, despite its message of inclusivity.

Despite these criticisms, the “Real Beauty” campaign remains an iconic example of effective marketing in the beauty industry. The campaign was successful because it resonated with consumers on a deeper level by focusing on values and emotions rather than just selling products. The campaign also had a lasting impact on the industry, sparking a conversation about beauty standards and representation that continues to this day.

Boots Case Study

Boots is a leading health and beauty retailer in the UK that offers a wide range of products, from skincare to makeup to fragrance. The brand has successfully differentiated itself by providing diverse products and catering to consumers of all ages and backgrounds. Here are some reasons why Boots has been successful in the beauty industry:

  1. Segmentation: One of the keys to Boots’ success is its segmentation strategy. The brand offers a wide range of products that cater to consumers of all ages and backgrounds, from teens to seniors and from luxury to budget. This segmentation strategy allows the brand to appeal to a broad range of consumers and meet the specific needs of each segment.
  2. Branding: Boots has built a strong brand reputation over the years by focusing on quality and affordability. The brand is known for its commitment to customer service and has won numerous awards for its loyalty program. This strong branding has helped to build a loyal following of consumers who trust the brand and continue to shop at Boots for their health and beauty needs.
  3. Product Development: Boots has also been successful in the beauty industry by focusing on product development. The brand offers diverse products, from branded products to exclusive partnerships with other brands. Boots also has a strong focus on innovation, with a dedicated team constantly researching and developing new products to meet the changing needs of consumers.
  4. Digital Strategy: Boots has also been successful in the beauty industry by leveraging its digital channels to connect with consumers. The brand has a strong online presence, a website offering a wide range of products and services, and an active social media presence. Boots also offers a range of digital tools and services, such as its “Virtual Beauty Counter,” which allows consumers to get personalised beauty advice online.

Overall, Boots’ success in the beauty industry can be attributed to its strong segmentation strategy, branding, product development, and digital strategy. By catering to a broad range of consumers and offering a diverse range of products, Boots has built a loyal following of customers who trust the brand and continue to shop at Boots for their health and beauty needs. Additionally, by leveraging digital channels to connect with consumers and offer innovative products and services, Boots has been able to stay ahead of the curve in the highly competitive beauty industry.

Lotus Herbals Case Study

Lotus Herbals is a popular Indian beauty brand specialising in using natural and herbal ingredients. The brand has successfully differentiated itself by focusing on affordable yet high-quality products accessible to a wide range of consumers. Here are some reasons why Lotus Herbals has been successful in the beauty industry:

  1. Natural and Herbal Ingredients: Lotus Herbals has differentiated itself from its competitors by focusing on natural and herbal ingredients. The brand strongly focuses on sustainability and uses environmentally-friendly practices in its production processes. This focus on natural and sustainable ingredients has helped the brand build a loyal following of consumers looking for safe and eco-friendly beauty products.
  2. Accessibility and Affordability: Another key to Lotus Herbals’ success has been its focus on accessibility and affordability. The brand offers a wide range of products at an affordable price point, making it accessible to a wide range of consumers. This has helped the brand to build a large customer base and compete with larger, more established brands in the Indian beauty market.
  3. Innovative Products: Lotus Herbals has also been successful in the beauty industry by focusing on innovation. The brand has a dedicated research and development team that is constantly researching and developing new products to meet the changing needs of consumers. This focus on innovation has helped the brand to stay ahead of the curve and differentiate itself from its competitors.
  4. Marketing Strategy: Lotus Herbals has also been successful in the beauty industry by leveraging its marketing channels to connect with consumers. The brand has a strong online presence, with a website that offers a wide range of products and services, as well as an active social media presence. The brand also partners with influencers and celebrities to promote its products and build brand awareness.

Overall, Lotus Herbals’ success in the beauty industry can be attributed to its focus on natural and sustainable ingredients, accessibility and affordability, innovative products, and marketing strategy. By catering to a wide range of consumers and offering affordable yet high-quality products, Lotus Herbals has built a loyal following of customers who trust the brand and continue to purchase its products. Additionally, by leveraging its marketing channels to connect with consumers and promote its products, Lotus Herbals has been able to stay ahead of the curve in the highly competitive Indian beauty market.

SK-II Case Study

SK-II is a luxury skincare brand known for its innovative and high-quality products. The brand has successfully differentiated itself by using natural ingredients, such as Pitera, in its products. Here are some reasons why SK-II has been successful in the beauty industry:

  1. Product Innovation: One of the keys to SK-II’s success has been its focus on product innovation. The brand is known for using Pitera, a natural ingredient derived from yeast fermentation, in its products. This innovative ingredient has become synonymous with the brand and has helped to differentiate SK-II from its competitors.
  2. Luxury Branding: SK-II has also been successful in the beauty industry by leveraging its luxury branding to connect with consumers. The brand has a strong focus on quality and premium products. It has successfully marketed itself as a high-end brand offering its customers a luxurious and exclusive experience.
  3. Digital Marketing: SK-II has also been successful in the beauty industry by leveraging digital marketing channels to connect with consumers. The brand has a strong online presence, a website offering a wide range of products and services, and an active social media presence. SK-II also partners with influencers and celebrities to promote its products and build brand awareness.
  4. Emotional Connection: SK-II has also been successful in the beauty industry by building an emotional connection with its customers. The brand strongly focuses on empowering women and has launched several campaigns that focus on issues related to women’s empowerment, such as its #ChangeDestiny campaign. This emotional connection has helped to build a loyal following of consumers who feel strongly connected to the brand.

Overall, SK-II’s success in the beauty industry can be attributed to its focus on product innovation, luxury branding, digital marketing, and emotional connection. By leveraging its unique ingredient, Pitera, and focusing on luxury branding and premium products, SK-II has been able to differentiate itself from its competitors and build a loyal following of consumers. Additionally, by leveraging digital marketing channels and building an emotional connection with its customers, SK-II has stayed ahead of the curve in the highly competitive beauty industry.

In conclusion, understanding consumer behaviour is essential for product marketing managers in the beauty industry. By understanding the demographics and psychographics of their target audience, brands can create more effective marketing strategies and better tailor their products to meet the needs of their customers.

Additionally, by understanding consumer behaviour models, purchase decision factors, and consumer segmentation, companies can better target their audience and create more effective marketing campaigns.

Lastly, by staying up-to-date on current trends in the beauty industry and analyzing successful case studies, brands can adapt their strategies to meet the changing needs and preferences of the market.

Key Takeaways:

  • Understand the demographics and psychographics of your target audience
  • Use consumer behaviour models to understand your audience better
  • Identify key purchase decision factors that influence consumer behaviour in the beauty industry
  • Use consumer segmentation to target your audience better
  • Stay up-to-date on current trends in the beauty industry
  • Analyze successful case studies to adapt your marketing strategies and product offerings.

Want to learn more about the latest beauty, cosmetics, and personal care trends? Download our report About Face here

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Packaging design plays a vital role in the success of food and beverage products. In today’s competitive marketplace, it’s not enough to simply have a quality product. Your packaging must also be designed to catch potential customers’ attention and communicate your product’s value in a matter of seconds. Effective packaging design can create a strong brand identity, build consumer trust, and ultimately drive sales.

The Role of Packaging in Food and Beverage Marketing

Packaging design is an essential component of food and beverage marketing. It has the power to catch a consumer’s attention, create a strong brand identity, and communicate the value of a product in a matter of seconds.

Packaging design can affect consumer behaviour and purchasing decisions in many ways. For example, a product’s packaging can create a sense of perceived value. Consumers are more likely to purchase products they perceive as having a higher value, and packaging design can play a significant role in creating this perception. 

Similarly, packaging design can help to differentiate a product from its competitors. In a crowded marketplace, a well-designed package can make a product stand out from the rest and attract the attention of potential customers.

Packaging design can also influence a consumer’s emotional response to a product. For example, packaging can evoke feelings of nostalgia, excitement, or luxury, depending on the design and messaging used. This emotional connection can create a sense of brand loyalty, leading consumers to choose a particular brand over its competitors.

In 2009, Tropicana, a leading orange juice brand, decided to redesign its packaging to update its image and increase sales. However, the new packaging design was met with significant backlash from consumers. 

The redesign removed the iconic orange with a straw and replaced it with a more modern and minimalistic design. The brand also changed the typography and overall design of the packaging.

As a result of the redesign, Tropicana saw a 20% drop in sales in just two months. The company quickly responded to the negative feedback and reverted to its original packaging design. In just two months after returning to the original packaging, sales increased by 5%.

This case study highlights the significant impact of packaging design on consumer behaviour and sales. Tropicana’s redesign removed a strong brand identifier and failed to create a clear and impactful message with the new design. As a result, consumers were confused and turned away from the product. In contrast, the original packaging design evoked a sense of nostalgia and a positive emotional connection with consumers, leading to increased sales. The Tropicana case study serves as a cautionary tale about the importance of carefully considering the role that packaging design plays in food and beverage marketing.

Packaging design plays a critical role in marketing food and beverage products. Packaging design can affect consumer behaviour and drive sales by creating a sense of perceived value, differentiating a product from competitors, and evoking an emotional response. 

The Elements of Effective Packaging Design

Effective packaging design involves carefully considering several key elements, including colour, typography, imagery, and structure. Each of these elements plays a crucial role in communicating a product’s value and capturing potential customers’ attention.

Colour

Colour is a powerful tool in packaging design. It can evoke emotions, create brand recognition, and differentiate a product from its competitors. For example, blue is often associated with trust and reliability, while red is associated with excitement and passion. When choosing colours for packaging design, it’s essential to consider the emotions and values a brand wants to communicate.

Typography

Typography is another essential element of packaging design. The right typography can make a product stand out and communicate the brand’s values and messaging. For example, a playful and whimsical font might be appropriate for a children’s snack. In contrast, a more sophisticated and elegant font might better suit a luxury food or beverage product.

Imagery

The imagery used in packaging design can also significantly impact consumer behaviour. Imagery can evoke emotions and create a sense of brand identity. For example, imagery that portrays the product being used in a specific setting or by a particular type of consumer can create a sense of relatability and help consumers envision themselves using the product.

Structure

The structure of packaging design is the physical form that a product takes. The structure can be as simple as a can or bottle or more complex, such as a unique and eye-catching box. The structure of packaging design can help differentiate a product from its competitors and make it more memorable to potential customers.

These elements play a critical role in creating a strong brand identity, communicating value, and driving consumer behaviour. 

Case Studies

Many examples of successful packaging design in the food and beverage industry exist. Here are a few case studies from global brands that illustrate the impact of effective packaging design:

Coca-Cola

Coca-Cola is a globally recognised brand that has utilised effective packaging design to create a strong brand identity. The brand’s classic red and white colour scheme, unique bottle shape, and iconic logo contributed to its success. Coca-Cola’s packaging design is instantly recognisable and has helped the brand become one of the most well-known in the world.

Walkers 

Walkers, a UK-based snack company, has used innovative packaging design to increase sales and differentiate its products from competitors. The brand’s packaging features a unique and eye-catching design that creates a sense of urgency and scarcity. By limiting the number of chips in each bag, Walkers has created a sense of value and encouraged consumers to purchase more bags.

Hershey’s

Hershey’s, a US-based chocolate company, has used effective packaging design to create a strong emotional connection with consumers. The brand’s packaging features a classic design with Hershey’s logo and iconic chocolate bars. Using consistent branding across all its products, Hershey’s has created a sense of familiarity and trust with consumers.

Tiger Beer

Tiger Beer is a popular Singaporean beer brand that has used innovative packaging design to differentiate its products and create a strong brand identity. In 2015, the brand launched a limited edition bottle design featuring a distinctive textured surface inspired by the brand’s tiger logo. The bottle design was created using a high-tech printing process that applied a layer of texture to the glass, giving the bottles a unique and eye-catching look and feel.

The limited edition bottles were a huge success, and the brand saw a 20% increase in sales during the campaign. The unique packaging design was highly shareable on social media, and the brand generated buzz and excitement among consumers.

The success of Tiger Beer’s limited edition bottle design highlights the power of innovative and eye-catching packaging design in driving sales and creating a strong brand identity. By utilising new technologies and creative design, Tiger Beer was able to differentiate its products and develop a sense of value and excitement among consumers.

KitKat

KitKat, a popular chocolate brand in Japan, has used innovative packaging design to create a strong brand identity and differentiate its products from competitors. KitKat has become known in Japan for its unique and creative flavours, with more than 300 varieties on the market. The brand has leveraged this diversity of flavours to create packaging that is both eye-catching and highly shareable on social media.

One example of KitKat’s innovative packaging design is its “Sakura Matcha” flavour, which features a beautiful and intricate design inspired by cherry blossoms. The packaging design is highly detailed and incorporates traditional Japanese design elements, making it stand out among other snack products on the market.

Another example of KitKat’s packaging design is its “Sublime Bitter” flavour, which features a minimalist and sleek design that reflects the brand’s focus on quality ingredients and craftsmanship. The packaging design is simple but elegant, communicating the high-end nature of the product.

Goldilocks

Goldilocks is a popular bakery chain in the Philippines that has used effective packaging design to create a strong brand identity and increase sales. The brand’s packaging is instantly recognisable, featuring the iconic Goldilocks logo and bright, colourful designs that evoke a sense of nostalgia and comfort.

One example of Goldilocks’ effective packaging design is its “Polvoron” product, a type of crumbly shortbread popular in the Philippines. The product is packaged in a brightly coloured box with a clear plastic window that allows consumers to see the product inside. The packaging design is simple but effective, communicating the quality of the product and creating a sense of excitement and anticipation for the consumer.

Another example of Goldilocks’ effective packaging design is its “Mamon” product, a sponge cake popular in the Philippines. The product is packaged in a clear plastic container with a simple label with the Goldilocks logo and product name. The packaging design is minimalist but impactful, allowing the product to speak for itself and creating a sense of freshness and quality.

Paper Boat

Paper Boat is a popular Indian brand that produces traditional beverages using local ingredients and flavours. The brand has used effective packaging design to create a strong brand identity and differentiate its products from competitors.

One example of Paper Boat’s effective packaging design is its “Aam Panna” product, a traditional Indian beverage made from raw mangoes. The product is packaged in a distinctive, cylindrical-shaped Tetra Pak container that is both eco-friendly and visually appealing. The container is decorated with colourful illustrations that evoke a sense of traditional Indian culture and heritage, making the product stand out on store shelves.

Another example of Paper Boat’s effective packaging design is its “Kokum” product, a popular Indian beverage made from the fruit of the kokum tree. The product is packaged in a small, square-shaped Tetra Pak container that is easy to carry and consume on the go. The container is decorated with vibrant illustrations that reflect the fruit’s deep purple colour and the brand’s focus on using natural ingredients.

Teh Botol Sosro

Teh Botol Sosro is a popular Indonesian tea brand that has used effective packaging design to create a strong brand identity and increase sales. The brand’s flagship product is a sweet, bottled tea that is sold throughout Indonesia and in other countries around the world.

One example of Teh Botol Sosro’s effective packaging design is its “Jasmine Tea” product, which features a distinctive, tall bottle with a clear label that prominently features the brand’s logo and product name. The bottle design is simple but impactful, communicating the quality and freshness of the product.

Another example of Teh Botol Sosro’s effective packaging design is its “Ice Tea” product, which is sold in a small, square-shaped bottle with a bright and colourful label. The packaging design is eye-catching and visually appealing, creating a sense of excitement and anticipation for the consumer.

These case studies demonstrate the power of effective packaging design in creating a strong brand identity, differentiating products from competitors, and driving sales. By utilising elements like colour, typography, imagery, and structure, global brands have created packaging that stands out and makes a lasting impression on consumers.

Packaging Design and Sustainability

As environmental concerns continue to grow, the importance of sustainability in packaging design for food and beverage products is becoming increasingly apparent. Sustainable packaging has been designed with environmental considerations in mind, using materials and production methods that minimise environmental impact.

Sustainable packaging can benefit both the environment and a brand’s reputation. By using sustainable packaging, brands can reduce their carbon footprint, minimise waste, and help preserve natural resources. Sustainable packaging can also improve a brand’s reputation among environmentally conscious consumers, who are increasingly seeking out eco-friendly products and packaging.

There are many ways that brands can incorporate sustainable packaging into their product lines. Some examples of sustainable packaging include:

  • Biodegradable or compostable packaging made from natural materials like plant fibres or starches
  • Recyclable packaging made from materials like paper, glass, or aluminium
  • Lightweight packaging that reduces the amount of material needed to produce each unit
  • Reusable packaging that can be returned and refilled or repurposed

By using sustainable packaging, brands can benefit the environment and attract and retain environmentally conscious consumers. In a competitive marketplace, sustainable packaging can be a critical differentiator that sets a brand apart and creates a strong brand identity.

Key Takeaways

Packaging design is an essential component of the food and beverage industry. It can impact consumer behaviour and purchasing decisions, differentiate products from competitors, and increase sales. In this blog post, we’ve covered several important points for marketers and researchers to keep in mind when developing packaging for their products:

  • Effective packaging design is crucial for the success of a brand in the food and beverage industry. It can influence consumer behaviour and purchasing decisions.
  • The main elements of effective packaging design include colour, typography, imagery, and structure.
  • Real-life case studies from global brands have demonstrated the power of effective packaging design in creating a strong brand identity, differentiating products from competitors, and increasing sales.
  • Sustainable packaging is becoming increasingly important in the food and beverage industry. Brands can benefit the environment and their reputation by using sustainable packaging.

To ensure that packaging design is effective and sustainable, brands should consider incorporating the following elements into their packaging strategies:

  • Utilise eye-catching designs that resonate with consumers and reflect the brand’s values and personality.
  • Differentiate products from competitors through unique packaging shapes, textures, and materials.
  • Incorporate sustainability into packaging design using biodegradable or compostable materials, recyclable packaging, lightweight packaging, and reusable packaging.

As marketers and researchers in the food and beverage industry, it’s crucial to remember these points when designing and developing packaging for new products. By creating effective and sustainable packaging, brands can differentiate themselves, attract and retain environmentally conscious consumers, and ultimately drive sales and grow their businesses.

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In the current digital marketing landscape, social media is one of the most powerful tools for marketers to engage with their target audience. For Gen Z consumers, social media is not just a means of communication but an integral part of their lifestyle, shaping their behaviour and influencing their purchasing decisions. 

It’s crucial for brands to understand how social media plays an essential role in Gen Z’s purchasing decisions and why it matters for their marketing strategy. In this article, we will explore the impact of social media on Gen Z’s purchasing behaviour, the social media platforms that Gen Z uses the most, the rise of influencer marketing, the importance of user-generated content, and social media advertising. 

Who is Gen Z?

Gen Z, born between 1997 and 2012, is the generation that succeeded Millennials. They are the first generation born and raised in a digital era, shaping their unique characteristics and preferences.

Gen Z values inclusivity, diversity, and social causes more than previous generations. They are also more likely to value experiences over material possessions and prefer brands that align with their values. 

85% of Gen Z consumers are more likely to support a brand that supports a social cause they believe in, according to a study by DoSomething Strategic.

Gen Z consumers also have significant purchasing power. Gen Z’s global spending power will reach $33 trillion by 2030, making them the fastest-growing consumer segment in the world. They also influence their parents’ purchasing decisions, with 93% of parents saying their Gen Z children have at least some influence on family spending, according to a study by Harris Poll.

Case Study: Nike

Nike is a brand that has successfully targeted Gen Z consumers with its inclusive and diverse marketing campaigns. The brand’s “Dream Crazier” ad, featuring female athletes breaking barriers, was well-received by Gen Z consumers for its message of empowerment and inclusivity. Nike’s approach has paid off, with the brand experiencing an 11% increase in sales following the campaign, according to a report by Edison Trends.

Social Media Platforms Used by Gen Z

Gen Z is a generation that grew up with social media, and it has become a crucial part of their daily lives. 

According to a report by GlobalWebIndex, 98% of Gen Z consumers have a social media account, and they spend an average of 2 hours and 22 minutes daily on social media platforms.

So, what social media platforms do Gen Z use the most? Let’s take a look:

  • Instagram: Instagram is the most popular social media platform among Gen Z consumers worldwide. According to Statista, 79% of Gen Z consumers aged 16 to 24 use Instagram, and 65% use the platform multiple times daily. Instagram is a visual platform that allows users to share photos and videos, making it an ideal platform for brands to showcase their products and engage with consumers.
  • TikTok: TikTok has exploded in popularity among Gen Z consumers worldwide, with a 325% increase in downloads in 2020 alone, according to a report by App Annie. In the UK, for example, 70% of Gen Z consumers use TikTok, with 54% using the platform daily, according to a report by GlobalWebIndex. The platform’s short-form videos, music, and user-generated content have made it a go-to platform for Gen Z entertainment and product discovery globally.
  • Snapchat: Snapchat has been popular among Gen Z consumers for years worldwide. According to a report by GlobalWebIndex, 56% of Gen Z consumers use Snapchat, and 29% use the platform multiple times a day. Snapchat’s ephemeral nature, augmented reality features, and user-generated content make it a unique platform for brands to engage with consumers.
  • Twitter: Twitter may not be as popular as other social media platforms among Gen Z consumers, but it still has a significant presence globally. In India, for example, 50% of Gen Z consumers use Twitter, with 34% using the platform daily, according to a report by GlobalWebIndex. Twitter’s real-time conversations, hashtags, and brand engagement make it a valuable platform for brands to connect with consumers.

As you can see, Gen Z uses a variety of social media platforms to discover, engage with, and purchase products worldwide. The following section will explore how social media influences Gen Z’s purchasing behaviour.

The Impact of Social Media on Gen Z’s Purchasing Behaviour

Social media has profoundly impacted how Gen Z consumers shop, their decision-making process, and their brand loyalty. Here are some ways in which social media has influenced Gen Z’s purchasing behaviour:

  1. Product Discovery: Social media has become a primary source of product discovery for Gen Z consumers. According to a report by GlobalWebIndex, 41% of Gen Z consumers worldwide use social media to learn about new products or services. Social media allows brands to reach Gen Z consumers where they are most active and showcase their products in a way that resonates with them.
  2. Reviews and Recommendations: Social media has also become a platform for Gen Z consumers to seek peer reviews and recommendations. 75% of Gen Z consumers worldwide rely on social media to make purchasing decisions, and 61% have bought a product after seeing a social media ad. Social media influencers also play a significant role in Gen Z’s purchasing behaviour, with 68% of Gen Z consumers saying they trust influencers more than traditional celebrities, according to a study by Morning Consult.
  3. Brand Loyalty: Social media has made it easier for Gen Z consumers to connect with their favourite brands and develop brand loyalty. According to a report by Accenture, 65% of Gen Z consumers globally feel that brands should offer a personalised experience, and social media allows brands to tailor their messaging and engage with consumers on a more personal level. Social media is also a platform for Gen Z consumers to voice their opinions and connect with brands that share their values and beliefs.
  4. Influencer Marketing: Social media influencer marketing has become popular for brands to engage with Gen Z consumers. Influencers allow brands to reach Gen Z consumers authentically, driving brand awareness and sales. According to a report by Influencer Marketing Hub, the global influencer marketing industry was valued at $13.8 billion in 2021 and will grow to $22.3 billion by 2025. 

Social media has become an essential tool for brands to influence Gen Z’s purchasing behaviour. Social media allows brands to showcase their products, engage with consumers, and develop brand loyalty. The next section will explore how product marketing managers can leverage influencer marketing to reach and engage with Gen Z consumers.

Influencer Marketing

Influencer marketing has become a popular strategy for product marketing managers to engage with Gen Z consumers. Influencers, who are social media personalities with a large following and a significant impact on their followers’ behaviour, provide product marketing managers with an opportunity to reach and engage with Gen Z consumers in a more authentic and relatable way.

Here are some ways in which influencer marketing impacts Gen Z’s purchasing decisions:

  1. Authenticity: Influencers are known for their authenticity and relatability, which is particularly important for Gen Z consumers. According to a report by Morning Consult, 90% of Gen Z consumers say authenticity is essential when deciding which brands to support. Influencers provide an opportunity for product marketing managers to reach Gen Z consumers in a genuine and trustworthy way.
  2. Product Discovery: Influencers also play a crucial role in product discovery for Gen Z consumers. According to a study, 44% of Gen Z consumers globally discover new brands and products through social media influencers. Influencers allow brands to showcase their products in a way that resonates with Gen Z consumers through sponsored content, product reviews, and giveaways.
  3. Trust: Influencers are trusted by their followers, and their recommendations can significantly impact Gen Z’s purchasing decisions. According to a report by Morning Consult, 54% of Gen Z consumers have made a purchase based on a recommendation from a social media influencer. Influencers can allow brands to drive sales and build brand loyalty by leveraging their influence and connecting with Gen Z consumers.

Here are some ways in which product marketing managers can leverage influencer marketing to reach and engage with Gen Z consumers:

  1. Find the Right Influencer: The key to successful influencer marketing is finding the right influencer who resonates with your brand and target audience. Brands should look for influencers with a large following, a high engagement rate, and a similar brand ethos. The influencer should also have a genuine interest in the product and be able to promote it to their followers authentically.
  2. Set Clear Goals and Objectives: Brands should set clear goals and objectives for their influencer marketing campaign, such as increasing brand awareness, driving sales, or building brand loyalty. They should also measure the campaign’s success through metrics like engagement rates, clicks, and sales.
  3. Collaborate with Influencers: Brands should collaborate with influencers to create sponsored content that resonates with Gen Z consumers. The content should be authentic, visually appealing, and aligned with the brand’s values and messaging.

Case Study: Gymshark

Gymshark, a UK-based fitness apparel company, is a prime example of a brand that has successfully leveraged influencer marketing to attract a Gen Z audience. The company was founded in 2012 by Ben Francis, who was only 19 years old at the time, making him a relatable figure for Gen Z consumers.

Gymshark has worked with a variety of social media influencers to promote its products, from fitness personalities to fashion bloggers. 

One of the most successful influencer campaigns was with Nikki Blackketter, a fitness influencer with over 1 million Instagram followers. Gymshark sponsored Blackketter’s workout videos and provided her with clothing to wear during her workouts, which she promoted to her followers.

The campaign was a huge success, with Gymshark experiencing a 214% increase in sales in the US during the first month of the campaign. The company also gained over 100,000 new Instagram followers thanks to the exposure from Blackketter’s followers.

Gymshark has continued to work with influencers to promote its products, but the company has also leveraged user-generated content to engage with its Gen Z audience. The company encourages its customers to share photos and videos of themselves wearing Gymshark apparel on social media, which the company then shares on its social media accounts. This approach has successfully created a community around the brand and built brand loyalty among its Gen Z audience.

Gymshark has successfully leveraged influencer marketing to attract a Gen Z audience and has continued to engage with its audience through user-generated content. The company’s approach has been authentic and relatable, making it a go-to brand for Gen Z consumers interested in fitness apparel.

Influencer marketing has become a popular strategy for product marketing managers to engage with Gen Z consumers. Influencers provide an opportunity for brands to showcase their products, drive sales, and build brand loyalty in a way that is authentic and relatable. In the next section, we’ll explore the importance of user-generated content in engaging with Gen Z consumers.

User-Generated Content (UGC)

User-generated content (UGC) is any content created by consumers rather than brands. UGC can take many forms, such as photos, videos, reviews, and social media posts. UGC is becoming increasingly crucial for brands who want to engage with Gen Z consumers, as it allows consumers to connect with brands on a more personal level.

Here are some reasons why UGC is essential for brands:

  • Builds Trust: UGC is an effective way to build trust with Gen Z consumers. 68% of Gen Z consumers trust online reviews and UGC more than brand-generated content. UGC provides a sense of authenticity and transparency, which is particularly important for Gen Z consumers who value honesty and realness in their interactions with brands.
  • Increases Engagement: UGC also increases engagement with Gen Z consumers. According to a report by Stackla, UGC is 20% more likely to influence a purchase than brand-generated content. UGC is more likely to be shared, liked, and commented on, making it a powerful tool for product marketing managers to drive brand awareness and sales.
  • Builds Brand Loyalty: UGC is also an effective way to build brand loyalty among Gen Z consumers. According to Adweek, 76% of Gen Z consumers have posted about a brand on social media, and 60% have created content about a brand. Encouraging UGC can create a sense of community around a brand and foster a sense of loyalty among Gen Z consumers.

Here are some ways in which brands can incorporate UGC into their marketing strategy:

  1. Social Media Contests: Brands can host social media contests that encourage consumers to create UGC. For example, a fitness apparel brand could host a contest asking consumers to post photos of themselves working out in the brand’s apparel. This approach creates a sense of community and fosters engagement with the brand.
  2. Hashtags: Product marketing managers can create branded hashtags encouraging consumers to post UGC on social media. For example, a beauty brand could create a hashtag asking consumers to post photos of themselves using their products. This approach makes it easy for brands to track UGC and engage with consumers creating content about the brand.
  3. Reviews and Testimonials: Brands can incorporate UGC into their product pages, such as reviews and testimonials from satisfied customers. This approach provides social proof that can increase trust and confidence in the brand.

Case Study: Starbucks

Starbucks, the global coffee giant, has successfully incorporated user-generated content into its marketing strategy. The company has a massive social media presence, with over 20 million followers on Instagram and over 35 million on Facebook.

Starbucks has encouraged UGC by creating hashtags that customers can use to share their photos of Starbucks products. One of the most successful campaigns was the “Red Cup Contest,” which asked customers to share photos of themselves with the iconic red holiday cup on social media. The campaign generated over 40,000 UGC posts on Instagram and Twitter and increased engagement with the Starbucks brand during the holiday season.

Starbucks has also leveraged UGC in its product development, using customer feedback to create new products and flavours. For example, the company’s Pumpkin Spice Latte was inspired by customer requests for a fall-themed drink.

The company’s approach to UGC has successfully built trust and loyalty among its Gen Z audience. According to a report by Sprout Social, Starbucks is the second most loved brand among Gen Z consumers, after Netflix.

UGC is an effective way for brands to build trust and increase engagement and brand loyalty among Gen Z consumers. Incorporating UGC into a marketing strategy can create a sense of community around a brand and foster more authentic and transparent interactions with consumers. In the next section, we’ll explore the future of social media and its impact on Gen Z’s purchasing behaviour.

Social Media Advertising

Social media advertising is a powerful tool for brands to reach Gen Z consumers. Social media platforms like Facebook, Instagram, TikTok, and Snapchat offer a variety of ad formats and targeting options that can be tailored to a brand’s specific needs.

Here are some types of social media ads that brands can use to reach Gen Z consumers:

  • Sponsored Posts: Sponsored posts are ads that appear in a user’s feed and are designed to look like organic posts. Sponsored posts can increase brand awareness, promote a specific product or service, or drive sales.
  • Stories Ads: Stories ads are full-screen ads that appear in a user’s Stories feed. Stories ads can be used to showcase a brand’s products or services in a visually engaging way and can be especially effective in driving sales and conversions.
  • Influencer Ads: Influencer ads are created and posted by social media influencers rather than the brand itself. Influencer ads can be a powerful tool for product marketing managers to leverage the influence of popular social media personalities and reach Gen Z consumers in an authentic and relatable way.

Here are some best practices for social media advertising to reach Gen Z consumers:

  1. Be Authentic: Gen Z consumers value authenticity and transparency and can quickly spot fake or misleading ads. Brands should aim to create genuine, relatable, and visually engaging advertisements.
  2. Use Influencers: As we discussed earlier, influencers can be a powerful tool for reaching Gen Z consumers. Brands should collaborate with influencers who resonate with their brand and target audience and who can create content that is both visually appealing and authentic.
  3. Be Mobile-First: Gen Z consumers spend significant time on their mobile devices, so brands should ensure that their ads are optimised for mobile. Ads should be visually engaging, easy to read and load quickly.
  4. Use Targeting Options: Social media platforms offer various targeting options that can reach specific audiences. Brands should use targeting options like age, location, interests, and behaviours to ensure their ads reach the right audience.

Case Study: Shopee

Shopee, a Singapore-based e-commerce platform, launched a successful social media advertising campaign targeting Gen Z consumers in Asia. 

The company, founded in 2015, has become one of Southeast Asia’s most popular e-commerce platforms, with a strong presence in Singapore, Malaysia, Indonesia, and the Philippines.

Shopee’s social media advertising campaign focused on the “Shopee 9.9 Super Shopping Day,” a major annual shopping event. The campaign used a variety of social media ad formats, including sponsored posts, stories ads, and influencer ads, to promote the event and drive sales.

One of the most successful aspects of the campaign was using influencer ads. Shopee collaborated with popular social media influencers in Southeast Asia, such as Siti Badriah in Indonesia, Jannine Weigel in Thailand, and Phan Kim Liên in Vietnam, to create ads that showcased the platform’s products and promotions in an authentic and relatable way.

The influencer ads were a hit with Gen Z consumers, generating over 20 million views and 6 million engagements on Instagram and TikTok. The campaign also successfully drove sales, with Shopee reporting a 150% increase in orders during the “Shopee 9.9 Super Shopping Day” compared to the previous year.

Social media advertising is a powerful tool for product marketing managers to reach Gen Z consumers. By using different types of ads and targeting options, and following best practices like authenticity, influencer marketing, and mobile optimisation, product marketing managers can engage with Gen Z consumers in a way that resonates with them. In the next section, we’ll explore the role of social media in the future of commerce and how product marketing managers can prepare for it.

Key Takeaways

In today’s digital age, social media is essential for brands to reach Gen Z consumers. From influencer marketing to user-generated content, social media offers a variety of opportunities for brands to engage with their target audience and drive sales.

Here are some key takeaways from this article:

  • Gen Z consumers are digital natives who value authenticity, transparency, and realness in their interactions with brands.
  • Social media platforms like Instagram, TikTok, Snapchat, and Twitter are the most popular among Gen Z consumers.
  • Influencer marketing is a powerful tool for brands to leverage the influence of social media personalities and reach Gen Z consumers in an authentic and relatable way.
  • User-generated content effectively builds trust, increases engagement, and builds brand loyalty among Gen Z consumers.
  • Social media advertising offers a variety of ad formats and targeting options that can be tailored to a brand’s specific needs.

Here are some actionable tips for brands to effectively leverage social media in their marketing strategy:

  • Be authentic and transparent in your interactions with Gen Z consumers.
  • Use influencers and user-generated content to create an authentic and relatable brand image.
  • Incorporate social media advertising into your marketing strategy to reach a wider audience.
  • Be mobile-first and use targeting options to ensure your ads reach the right audience.
  • Use social media analytics to track your performance and adjust your strategy as needed.

By following these tips, brands can effectively leverage social media to engage with Gen Z consumers and drive sales. Social media is constantly evolving, so staying up-to-date with the latest trends and best practices is essential to succeed in this dynamic landscape.

Want to learn more about Gen Z? Download The Definitive Guide to Gen Z.

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The year is 2033, and the field of medicine has changed significantly. Wearable med-tech devices are everywhere, providing real-time monitoring of patient health and enabling healthcare providers to detect potential issues before they become serious. Innovative technologies such as artificial intelligence and robotics are used to improve diagnosis, treatment, and patient outcomes. Welcome to the future of med-tech.

According to a recent report, the global medical technology market is expected to grow at a compound annual growth rate of 5.6% from 2021 to 2028, driven by the increasing prevalence of chronic diseases, technological advancements, and rising healthcare expenditures. As the med-tech industry continues to evolve, so do the challenges and opportunities for growth.

The Current State of the Med-Tech Industry

The med-tech industry has been undergoing a rapid transformation over the last few years, driven by technological advancements, changing patient needs, and increasing healthcare expenditures. 

One of the major trends in the med-tech industry is the increasing adoption of digital health solutions. With the rise of smartphones, wearables, and other connected devices, patients are more engaged in their health than ever before. This has created a growing demand for digital health solutions that allow patients to monitor their health, track their progress, and communicate with their healthcare providers.

Another trend in the med-tech industry is the increasing focus on patient outcomes. As healthcare shifts from a volume-based to a value-based model, providers increasingly seek solutions that can improve patient outcomes and reduce costs. This has created a growing demand for technologies that can improve diagnosis, enhance treatment options, and streamline operations.

Despite the many opportunities in the med-tech industry, there are also significant challenges that need addressing. One of the biggest challenges is regulatory compliance. Med-tech companies must comply with complex regulations, including the FDA’s Quality System Regulation and the European Medical Devices Regulation. This can make it difficult for companies to bring innovative products to market quickly and cost-effectively.

Another challenge in the med-tech industry is cybersecurity. With the increasing use of connected devices and digital health solutions, there is a growing risk of cyberattacks that can compromise patient data and disrupt operations. This has created a need for med-tech companies to invest in cybersecurity solutions that can protect their systems and data.

Despite these challenges, the med-tech industry is poised for continued growth in the years ahead. According to a report by Grand View Research, the global medical device market will reach $612.7 billion by 2025, driven by factors such as increasing healthcare expenditures, aging populations, and the growing prevalence of chronic diseases.

Med-tech Timeline

The term “med-tech” is believed to have been coined in the late 1990s, around the time when the med-tech industry was undergoing rapid transformation due to the rise of digital health solutions and other technological advancements. However, the roots of the med-tech industry can be traced back centuries, with the development of various medical devices and technologies that have revolutionised healthcare over the years.

  • 1895: The X-ray is invented, revolutionising medical imaging and diagnosis.
  • 1928: The discovery of penicillin marks the beginning of the antibiotic era.
  • 1952: The first artificial heart valve is developed.
  • 1960: The development of implantable pacemakers leads to significant advances in the treatment of cardiac arrhythmias.
  • 1979: The first MRI machine is developed, providing non-invasive imaging of the body’s soft tissues.
  • 1980s: The development of laparoscopic surgery allows for minimally invasive surgery, reducing patient recovery times and complications.
  • 1998: The first wearable defibrillator is approved by the FDA for use outside of hospitals.
  • 2001: The first continuous glucose monitor is introduced for at-home monitoring of blood sugar levels in patients with diabetes.
  • 2004: The first remote patient monitoring systems were introduced, allowing patients to be monitored at home.
  • 2006: The first wireless fetal monitor is introduced, allowing expectant mothers to monitor their baby’s heartbeat at home.
  • 2010: The rise of digital health solutions and mobile health technologies leads to a new era of patient engagement and personalised healthcare. Wearable fitness trackers and smartwatches have gained popularity, allowing users to track their fitness and monitor their health data, including heart rate and sleep patterns.
  • 2014: The first at-home genetic testing kits are introduced, allowing consumers to analyze their DNA for ancestry and health information.
  • 2016: The FDA approves the first at-home artificial pancreas system for patients with type 1 diabetes, allowing for automated insulin delivery.
  • 2017: The FDA approves the first digital pill, which contains a sensor that can track when the medication is ingested.
  • 2020: During the COVID-19 pandemic, telemedicine and remote patient monitoring technologies increase dramatically, as patients seek to avoid in-person visits to healthcare providers.

The Role of Technology in Driving Growth

In recent years, technology has played a significant role in driving growth in the med-tech industry. From artificial intelligence (AI) to the internet of things (IoT), a wide range of innovative technologies are transforming the way healthcare is delivered. 

One of the most promising technologies driving growth in the med-tech industry is artificial intelligence (AI). With its ability to analyze vast amounts of data and identify patterns, AI is well-suited for a range of applications in healthcare. For example, AI-powered diagnostic tools can help healthcare providers to more accurately diagnose and treat a range of conditions, while AI-powered predictive analytics can help identify patients who are at risk of developing certain conditions before symptoms appear. AI is also being used to develop more personalised patient treatment plans based on their unique genetic and environmental factors.

Another technology driving growth in the med-tech industry is the internet of things (IoT). With the proliferation of connected devices, there is a growing opportunity to leverage the IoT to improve patient outcomes and reduce costs. For example, IoT-enabled medical devices can monitor patient health in real-time and alert healthcare providers if there are any concerning changes. This can help to prevent hospital readmissions and other costly complications. The IoT is also being used to optimise hospital operations by using real-time data to manage patient flow, reduce wait times, and improve patient satisfaction.

Other innovative technologies driving growth in the med-tech industry include machine learning, blockchain, and virtual reality. Machine learning, like AI, analyzes large data sets and improves healthcare outcomes. Meanwhile, blockchain is used to create more secure and efficient healthcare data exchanges, while virtual reality trains healthcare providers and provides patients with immersive therapy experiences.

As the med-tech industry continues to evolve, we will likely see even more exciting developments in the years ahead.

Examples of Innovative Med-tech products

Medtronic’s Micra Transcatheter Pacing System

This tiny pacemaker implanted directly into the heart eliminates the need for leads or a surgical pocket under the skin. The device is only 1/10th the size of a traditional pacemaker and has a battery life of up to 14 years. The Micra system has been shown to have a lower risk of complications compared to traditional pacemakers and has been used to treat over 100,000 patients worldwide.

Philips’ Lumify Ultrasound System

This portable ultrasound system can be used with a smartphone or tablet. The small and lightweight device makes it easy to transport to remote or rural areas. The Lumify system provides ultrasound imaging in emergency rooms, critical care units, and in the field during disaster response efforts.

Prosthetics by Open Bionics

This is a UK-based company that develops prosthetic limbs using 3D printing technology. Open Bionics’ prosthetics are lightweight, affordable, and can be customised to fit each individual patient. The company has developed a range of prosthetic limbs for adults and children, including arms and hands, and has received several awards for its innovative products.

Best Practices for Leveraging Innovative Technology

Leveraging innovative technology is essential for driving growth in the med-tech industry. However, it’s important to approach the selection and implementation of technology solutions strategically to ensure they are effective and aligned with business objectives. 

The first step in leveraging innovative technology is to assess the needs of your target audience. This requires a deep understanding of the challenges faced by healthcare providers and patients and the opportunities for improving patient outcomes and reducing costs. For example, suppose you are developing an AI-powered diagnostic tool. In that case, it’s essential to understand the specific diagnostic challenges healthcare providers face and ensure the device is user-friendly and easy to integrate into existing workflows.

Another important consideration is identifying key performance indicators (KPIs) for measuring the success of technology solutions. This requires a clear understanding of the business objectives that are driving the adoption of technology. For example, if your objective is to reduce hospital readmissions, your KPIs might include the number of readmissions per month or the average length of patient stay.

Building a solid technology infrastructure is also critical for leveraging innovative technology. This requires investing in the right hardware and software and developing a robust data management system that can support the collection, analysis, and storage of large amounts of data. It’s also important to have a team of experienced technology professionals who can manage the implementation and maintenance of technology solutions.

To ensure the effective implementation of innovative technology, it’s important to have a strong focus on user adoption. This requires engaging with healthcare providers and patients to understand their needs and preferences and designing technology solutions that are intuitive and user-friendly. This approach has been shown to be effective in increasing adoption rates and improving outcomes. For example, a study published in the Journal of the American Medical Association found that an AI-powered diagnostic tool was more effective when healthcare providers were engaged in the development process and provided with training and support.

Case Studies from Around the World

Innovative technology is transforming the med-tech industry worldwide, with companies using advanced solutions to improve patient outcomes, streamline operations, and drive revenue growth. In this section, we will showcase some case studies from around the world that illustrate how innovative technology is driving growth in the med-tech industry.

United Kingdom

Sensyne Health is a UK-based healthcare company founded in 2018 by Lord Paul Drayson. The company uses artificial intelligence (AI) to develop innovative healthcare solutions that improve patient outcomes and reduce costs. Sensyne’s clinical AI technology is used to create predictive algorithms to help healthcare providers identify patients at risk of developing certain conditions. By analyzing patient data in real-time, Sensyne’s technology can help clinicians to identify patients who may benefit from early intervention, ultimately leading to better health outcomes and reduced costs.

Sensyne has partnered with several UK-based hospitals and research organisations to develop and test its solutions. One notable partnership is with the University of Oxford’s Big Data Institute. Sensyne is working with researchers to create predictive models for conditions such as heart failure and sepsis. Using AI to analyze large datasets, Sensyne, and its partners can develop highly accurate predictive models to help clinicians make better decisions and improve patient outcomes.

In addition to its partnerships, Sensyne has also reported impressive financial results. In 2020, the company reported a 43% increase in revenue, driven by strong demand for its technology solutions. Sensyne has also secured several large contracts with UK-based healthcare providers, including a partnership with Chelsea and Westminster Hospital NHS Foundation Trust to develop a digital early warning system for patients with COVID-19. 

By developing predictive algorithms and using AI to analyze patient data, Sensyne is helping improve patient outcomes and reduce costs, securing impressive financial results, and establishing partnerships with leading healthcare providers and research organisations.

Europe

Ada Health is a Berlin-based company that has developed a mobile app that uses AI to help patients diagnose their symptoms. The app asks users questions to determine the possible causes of their symptoms and provides personalised health recommendations. Ada Health partners with several European health systems, including the UK’s National Health Service (NHS). It is helping to reduce the burden on healthcare providers by empowering patients to take a more active role in their healthcare.

USA

Atrius Health is a US-based healthcare organisation that is at the forefront of using virtual care technology to improve patient outcomes and reduce costs. The organisation was founded in 2004 and is headquartered in Newton, Massachusetts. Atrius Health provides a wide range of healthcare services to patients in the New England area, including primary care, speciality care, and behavioural health services.

By leveraging virtual care technology, Atrius Health can connect patients with healthcare providers remotely, reducing the need for in-person visits and improving patient access to care. In recent years, the organisation has reported significant improvements in patient satisfaction, clinical outcomes, and cost savings.

One example of Atrius Health’s success is its implementation of virtual group visits, which allow patients with similar conditions to receive care together remotely. By connecting patients with each other and with healthcare providers, virtual group visits have been shown to improve patient engagement and satisfaction while also reducing the need for in-person visits and improving health outcomes. According to Atrius Health, patients who participated in virtual group visits for diabetes management had a 5.9% reduction in HbA1c levels, compared to a 2.4% reduction for patients who received usual care.

Atrius Health has also reported significant cost savings due to its virtual care initiatives. According to a recent report, the organisation saved more than $15 million in 2019 using virtual care technology. In addition to cost savings, virtual care has allowed Atrius Health to expand its reach and provide care to patients in rural and underserved areas.

By implementing innovative solutions like virtual group visits and focusing on patient engagement, Atrius Health has established itself as a leader in the med-tech industry, with a strong track record of success and a commitment to improving patient outcomes.

India

Practo is an Indian healthcare company that has developed a mobile app that allows patients to book appointments with healthcare providers, access their medical records, and communicate with their healthcare team. The app allows patients to save time and improve their access to care. Practo has also developed a telemedicine solution that enables patients to consult with healthcare providers remotely, improving access to care for patients in rural areas.

Japan

Sony is a Japanese electronics company expanding its presence in the med-tech industry. One of Sony’s recent developments is a wearable device that can monitor vital signs, such as heart rate and blood pressure. The device uses advanced sensor technology to provide real-time patient health monitoring, allowing healthcare providers to detect potential issues before they become serious.

In 2018, Sony announced the release of its wearable device, the Wena Wrist Pro. The device has sensors that can detect heart rate, blood pressure, and other vital signs. It also has an NFC chip, allowing users to make payments and access public transportation. The device can connect to a smartphone app, allowing users to monitor their health data and share it with healthcare providers.

The Wena Wrist Pro has been used in several hospitals in Japan to improve patient outcomes and reduce costs. For example, in 2019, Sony partnered with Osaka University Hospital to conduct a pilot study using the Wena Wrist Pro to monitor patients with congestive heart failure. The study found that the device was effective in detecting changes in patient health, allowing healthcare providers to intervene before serious complications occurred.

Toshimoto Mitomo, Deputy Senior General Manager of Sony’s AI Robotics Business Group, says, “We see healthcare as a very important business domain for Sony. We are committed to developing technology that can help people lead healthier, more fulfilling lives.” In addition to the Wena Wrist Pro, Sony is also developing other healthcare technologies, such as a biometric sensor that can measure stress levels and a robotic pet that can provide companionship for elderly people.

Overall, Sony’s development of the Wena Wrist Pro is an example of how wearable technology can be used to improve patient outcomes and reduce costs in the med-tech industry. With its advanced sensor technology and smartphone connectivity, the Wena Wrist Pro has the potential to revolutionise the way patients and healthcare providers monitor and manage health.

China Ping An Good Doctor is a Chinese healthcare company that has developed a telemedicine platform that connects patients with healthcare providers remotely. The platform uses AI to provide diagnosis and treatment recommendations and has been used by millions of patients across China and Southeast Asia. The company has reported significant growth in recent years, driven by increasing demand for telemedicine solutions in the region.

Singapore 

Holmusk is a Singapore-based healthcare company at the forefront of using innovative technology to improve mental health services. The company was founded in 2015 by Nawal Roy and has since established itself as a leader in the med-tech industry, focusing on using AI to provide personalised therapy for patients.

Holmusk’s mental health platform, “Big White Wall,” uses AI to analyze patient data and provide customised treatment plans. The platform can identify potential risk factors for mental health issues, such as depression and anxiety, and provide early intervention to prevent serious complications. The platform also includes a community feature, allowing patients to connect and share experiences.

Holmusk has partnered with several healthcare providers in Singapore to improve access to mental health services. One notable partnership is with National University Hospital (NUH), where Holmusk provides its mental health platform to patients with chronic illnesses. According to NUH, the partnership has resulted in a 30% reduction in hospital admissions and a 60% reduction in emergency department visits among patients with chronic illnesses.

In addition to its partnerships in Singapore, Holmusk has expanded to other countries in the region, such as Malaysia, Indonesia, and the Philippines. The company reported impressive growth in recent years, with a 50% increase in revenue in 2020 and a valuation of over $100 million.

According to Nawal Roy, Founder and CEO of Holmusk, “Our mission is to improve mental health outcomes for millions of people around the world. By using AI to provide personalised therapy, we are helping to address the global mental health crisis and improve access to care for those who need it most.”

Canada 

MindBeacon is a Canadian mental health company that has developed an online platform that provides personalised therapy for patients with mild to moderate mental health concerns. The platform uses AI to match patients with licensed therapists and provides access to interactive exercises and guided meditations. MindBeacon has partnered with several Canadian employers and health plans to improve employee access to mental health services.

Thailand

OmiseGO is a Thai fintech company that has developed a blockchain-based payment system for healthcare transactions. The platform allows healthcare providers to securely and efficiently manage payment and insurance transactions, reducing administrative burdens and improving patient experiences. OmiseGO has partnered with several Thai health systems to implement its payment system.

Indonesia

Halodoc is an Indonesian healthcare company that has developed a mobile app allowing patients to consult remotely with healthcare providers. The app provides access to various healthcare services, including telemedicine, pharmacy delivery, and lab tests. Halodoc has partnered with several Indonesian health systems to improve access to care for patients in remote areas.

Vietnam

eDoctor is a Vietnamese healthcare company that has developed a telemedicine platform allowing patients to consult remotely with healthcare providers. The platform provides access to various healthcare services, including online consultations, prescription delivery, and lab tests. eDoctor has partnered with several Vietnamese health systems to improve access to care for patients in remote areas.

Philippines

HealthNow is a Philippine healthcare company that has developed a telemedicine platform that connects patients with healthcare providers remotely. The platform provides access to various healthcare services, including virtual consultations, e-prescriptions, and lab tests. HealthNow has partnered with several Philippine health systems to improve access to care for patients across the country.

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What does the future hold for med-tech?

Futurists predict that technological innovations will significantly impact the med-tech industry in the next decade, with several advancements expected to transform the way healthcare is delivered. Here are a few predictions:

  • Increased Use of Artificial Intelligence (AI): AI will play an increasingly important role in healthcare in the next decade, with the potential to improve diagnosis, treatment, and patient outcomes. AI-powered tools can analyze large amounts of data quickly and accurately, allowing healthcare providers to make more informed decisions.
  • More Personalised Medicine: Advances in genomics, wearables, and other technologies are expected to enable more personalised medicine. Healthcare providers can tailor treatments to each individual’s unique needs by analyzing a patient’s genetic makeup and other factors.
  • Greater Use of Robotics: Robotics will play an increasingly important role in healthcare, with the potential to improve surgical outcomes, assist with rehabilitation, and provide remote care. While robots are unlikely to replace doctors entirely, they will assist with certain tasks, such as surgery, and provide support for patients in areas such as physical therapy.
  • Telemedicine and Remote Care: The COVID-19 pandemic has accelerated the trend toward telemedicine and remote care, which will continue to grow and evolve. Telemedicine and remote care enable patients to access healthcare services from anywhere, reducing the need for in-person visits and improving access to care, especially in rural or underserved areas.

The med-tech industry is undergoing a period of rapid transformation driven by the power of innovative technology. From AI and machine learning to wearables and telemedicine, technology solutions are improving patient outcomes, streamlining operations, and driving revenue growth. 

As the med-tech industry evolves, companies must stay up-to-date with the latest trends and best practices. By assessing the needs of their target audience, identifying key performance indicators, building a solid technology infrastructure, and focusing on user adoption, brands in the med-tech space can position themselves for success in the years ahead.

Want more insight into the world of med-tech? Download our comprehensive trend report “Feeling Good: Powering the Next Gen of Fitness and MedTech” here.

According to a report by MarketsandMarkets, the wearable technology market is expected to reach $54 billion by 2023. Understanding consumer behaviour related to wearable technology is more important than ever. Analyzing consumer behaviour can provide valuable insights for product marketing managers and research executives, enabling them to design products that meet different consumer segments’ needs and preferences and develop effective marketing and pricing strategies. 

This blog will examine the various facets of consumer behaviour related to wearable technology, including purchasing habits, usage patterns, and perceptions of the technology. Through this analysis, we can better understand the needs and preferences of different consumer segments and how companies can cater to these needs to stay competitive in this growing industry.

Wearable technology refers to electronic devices worn on the body, typically as accessories or clothing items. These devices are designed to track or collect data related to the wearer’s health, fitness, and daily activities, among other things. Examples of wearable technology products include smartwatches, fitness trackers, and augmented reality glasses.

The benefits of wearable technology from a consumer perspective are numerous. Wearable devices can help individuals track their fitness goals, monitor their health metrics, and stay connected to their digital lives on the go. A recent study by Grand View Research estimated that the global wearable technology market size is expected to reach $104.39 billion by 2027, with the health and fitness segment being the largest market.

However, there are also drawbacks to wearable technology that should be considered. One concern is the potential invasion of privacy, as these devices collect and transmit data about the wearer’s personal life. Another drawback is the potential for distraction and over-reliance on technology, as wearers may become too focused on their devices instead of their surroundings.

As wearable technology continues to evolve, so do its benefits and drawbacks. The late fashion designer Karl Lagerfeld once said, “Technology has to be invisible. Wearable technology must be beautiful.” This sentiment reflects the desire of consumers for devices that not only function well but also look good and feel comfortable to wear.

Despite the potential drawbacks, wearable technology is poised to continue its growth in popularity as more consumers seek to integrate technology into their daily lives. As the benefits of these devices become more widely recognised and as technology continues to advance, wearable technology is likely to play an increasingly important role in the future of consumer technology.

Wearable Technology Timeline

  • 1975: The first wearable computer, the “Wearable Computer for Computerised Conference Control,” is created by Edward Thorp and Claude Shannon.
  • 1994: Seiko releases the first smartwatch, called the Seiko MessageWatch.
  • 1999: The first Bluetooth headset, developed by Ericsson, is released.
  • 2008: Fitbit releases its first fitness tracker, the Fitbit Classic.
  • 2010: The first generation of the Apple Watch is released, marking Apple’s entry into the wearable technology market.
  • 2012: Google releases Google Glass, a pair of smart glasses that use augmented reality technology.
  • 2014: The first Android Wear smartwatches, including the LG G Watch and the Samsung Gear Live, are released.
  • 2015: The Apple Watch Series 1 is released, which includes features such as heart rate monitoring and fitness tracking.
  • 2016: Pokemon Go, an augmented reality mobile game, becomes a worldwide sensation and brings attention to the potential of augmented reality technology in wearable devices.
  • 2017: Fitbit acquires Pebble, a popular smartwatch brand.
  • 2018: Apple releases the Apple Watch Series 4, which includes advanced health features such as an ECG monitor and fall detection.
  • 2019: The global wearable technology market is valued at $32.63 billion, according to a report by Grand View Research.
  • 2020: The COVID-19 pandemic increases demand for wearable technology that can monitor health metrics, such as temperature and oxygen levels.
  • 2021: Wearable devices continue to gain popularity, with features such as sleep tracking, stress monitoring, and more advanced fitness tracking capabilities.

Wearable Tech Consumer Purchasing Habits 

Consumer purchasing habits play a crucial role in the wearable technology industry, directly influencing product design, marketing, and pricing strategies. 

Here are some of the main factors that influence consumers’ decisions to purchase wearable technology:

  • Health and Fitness Goals: Consumers who prioritise health and fitness are more likely to purchase wearable technology devices, such as fitness trackers and smartwatches, that can help them monitor their activity levels, sleep patterns, and overall health metrics. According to a 2021 survey by Statista, 53% of wearable technology users in the United States use their devices to track fitness and health.
  • Fashion and Style: Wearable technology designed to be stylish and aesthetically pleasing can appeal to fashion-conscious consumers. For example, luxury watch brands such as TAG Heuer and Fossil have introduced smartwatches that combine fashion and technology to cater to this market.
  • Compatibility with Other Devices: Consumers who already own other devices, such as smartphones or laptops, may be more likely to purchase wearable technology compatible with their existing technology. This can include devices that use the same operating system, such as Apple’s ecosystem of products, or devices that integrate with popular apps and services.
  • Price: The cost of wearable technology devices is important for many consumers. According to a 2021 report by PwC, price was the most important consideration for 60% of respondents considering purchasing a wearable device.

Consumer purchasing habits also vary depending on the demographic and psychographic characteristics of different consumer segments. For example, younger consumers may be more likely to purchase wearable technology as they are more likely to be early adopters of new technology. Similarly, consumers with higher incomes may be more likely to buy luxury wearable devices, while consumers who prioritise environmental sustainability may be more likely to purchase eco-friendly wearable technology.

According to a 2020 report by IDC, the top five wearable technology vendors in market share are Apple, Xiaomi, Samsung, Huawei, and Fitbit. These companies cater to different market segments and offer a range of products at different price points. For example, Apple’s high-end smartwatches and earbuds appeal to consumers who prioritise technology and style, while Fitbit’s fitness trackers cater to consumers who prioritise health and fitness.

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Wearable Technology Usage Patterns

Wearable technology has a wide range of applications and features that make it appealing to consumers. Here are some of the ways that consumers use wearable technology and the features and functionalities that are most important to them:

  • Fitness Tracking: Wearable technology is popular for fitness tracking, with features like step tracking, heart rate monitoring, and calorie tracking. According to a 2021 survey by Statista, 57% of wearable technology users in the United States use their devices for fitness and exercise.
  • Health Monitoring: Wearable technology can also be used for health monitoring, with features like blood pressure monitoring, sleep tracking, and medication reminders. This is especially important for ageing populations or individuals with chronic health conditions.
  • Communication and Connectivity: Wearable technology can be used for communication and connectivity, with features like phone calls, messaging, and social media integration. This is particularly useful for busy professionals or individuals always on the go.
  • Entertainment and Gaming: Wearable technology can be used for entertainment and gaming, with features like music streaming, video playback, and augmented reality games. This is popular among younger consumers who prioritise entertainment and technology.
  • Workplace Applications: Wearable technology can be used in workplace applications, such as industrial settings where workers need to be hands-free or in retail environments where workers need to access inventory and customer data quickly.

The features and functionalities that are most important to consumers vary depending on the device’s intended use. For fitness trackers and smartwatches, consumers prioritise features such as battery life, accuracy, and ease of use. For workplace wearables, consumers prioritise durability, connectivity, and compatibility with existing systems.

Usage patterns also vary among different consumer segments. For example, according to a 2021 survey by YouGov, men are more likely than women to use wearable technology for fitness and exercise purposes, while women are more likely to use wearables for health monitoring. Similarly, younger consumers are more likely to use wearable technology for entertainment and gaming, while older consumers prioritise health and fitness tracking.

Brands that have successfully tapped into different usage patterns and consumer segments include Fitbit, Apple, and Samsung. Fitbit’s range of fitness trackers and smartwatches cater to consumers who prioritise health and fitness, while Apple’s high-end smartwatches appeal to consumers who prioritise technology and style. Samsung offers a range of smartwatches with features such as cellular connectivity and long battery life, which appeal to consumers who prioritise connectivity and convenience.

Overall, wearable technology is a versatile and multi-functional technology that appeals to a wide range of consumers. Understanding the different usage patterns and preferences of different consumer segments will be critical for companies in this industry to continue innovating and meeting the evolving needs of consumers.

Perceptions of Wearable Technology

Consumer perceptions of wearable technology play a significant role in the success of these devices in the market. Here are some of the attitudes and beliefs that consumers may have about wearable technology:

  • Convenience: Many consumers perceive wearable technology as convenient, allowing them to access information and stay connected without pulling out their smartphones.
  • Health and Fitness Benefits: Consumers who prioritise health and fitness perceive wearable technology as a tool for improving their overall health and fitness goals by tracking their activity levels, sleep patterns, and other health metrics.
  • Fashion and Style: Consumers who prioritise fashion and style may perceive wearable technology as an accessory that complements their personal style and reflects their personality.
  • Privacy and Security Concerns: Some consumers are concerned about wearable technology’s privacy and security implications, as these devices can collect and transmit sensitive data about the wearer’s personal life.
  • Stigma and Social Acceptance: Some consumers may perceive wearable technology as stigmatised or socially unacceptable, especially if the devices are bulky, unattractive, or otherwise conspicuous.
  • Limited Battery Life: Many wearable devices have limited battery life, which can be a source of frustration for consumers who need to use them throughout the day.

Factors influencing consumers’ perceptions of wearable technology include product design, marketing messaging, and media coverage. For example, Apple’s sleek and stylish smartwatches have helped to rebrand wearable technology as a fashion accessory. In contrast, Fitbit’s focus on health and fitness has helped to position wearable technology as a tool for self-improvement.

In terms of concerns and misconceptions, wearable technology companies have worked to address issues such as privacy and security by implementing data encryption and user consent measures. For example, Fitbit’s privacy policy states that user data is encrypted and anonymous and that users can choose whether or not to share their data with third-party apps and services.

Media coverage and public perception also play a role in shaping consumer attitudes toward wearable technology. For example, the Google Glass project was ultimately discontinued in 2015 due to negative media coverage and privacy concerns. However, other products, such as smartwatches and fitness trackers, have continued to gain popularity as consumers become more comfortable with the technology and its benefits.

Overall, understanding consumer attitudes and perceptions towards wearable technology is crucial for companies in this industry to design products that meet consumers’ needs and preferences and address concerns and misconceptions that may impact adoption rates. As wearable technology continues to evolve and become more integrated into daily life, consumer perceptions and attitudes will be key factors in its success.

Understanding consumer behaviour related to wearable technology can provide valuable insights for product marketing managers and marketing executives. Here are some recommendations and implications for these professionals based on the analysis of consumer behaviour:

  • Design products that meet the needs and preferences of different consumer segments: Consumer behaviour analysis can help brands identify the segments of consumers likely to purchase wearable technology, as well as the features and functionalities that are most important to them. This information can be used to design products that meet these segments’ specific needs and preferences.
  • Address privacy and security concerns: Privacy and security concerns are among consumers’ top concerns about wearable technology. Brands should address these concerns, such as implementing data encryption and user consent measures and communicating these measures clearly to consumers.
  • Emphasise the benefits of wearable technology: Consumers are more likely to purchase when they understand its benefits. Brands should emphasise the convenience, health, and fitness benefits, and other features that make wearable technology a valuable addition to consumers’ lives.
  • Innovate with new features and functionality: As wearable technology continues to evolve, brands should look for new features and functionality that can enhance the value and appeal of these devices. For example, advances in biometric technology and augmented reality has the potential to open up new possibilities for wearable technology.
  • Use pricing strategies that cater to different consumer segments: Consumer behaviour analysis can also help product marketing managers and executives to identify the different pricing strategies that are most effective for different consumer segments. For example, luxury smartwatch brands may be able to charge higher prices for their products, while budget fitness tracker brands may need to compete on price to attract price-sensitive consumers.

According to a report by MarketsandMarkets, the wearable technology market is expected to grow at a CAGR of 15.5% from 2021 to 2026, highlighting the importance of developing effective strategies to stay competitive in this growing industry. By considering these recommendations, companies can develop effective product design, marketing, and pricing strategies that cater to the needs and preferences of different consumer segments. 

As technology continues to evolve, so will the world of wearable technology. As Steve Mann, a pioneer in wearable computing, once said: “Wearable computing is the next stage in the digital revolution. Combining technology with fashion can make our devices more personalised and integrated into our lives.”

Understanding consumer behaviour towards wearable technology is crucial for brands to design products that meet the needs and preferences of different consumer segments and to develop effective marketing and pricing strategies. 

As the wearable technology market continues to grow, companies in this industry will need to stay vigilant and continue to innovate to meet the evolving needs of consumers.

By analyzing consumer behaviour, addressing concerns and misconceptions, and emphasising the benefits of wearable technology, companies can position themselves for success in this dynamic and rapidly-growing industry. As wearable technology becomes more integrated into daily life, the potential for innovation and growth in this field is limitless.

Learn more about the wearable technology industry in our comprehensive trend report Feeling Good: Powering the Next Gen of Fitness and Medtech. Download here.

Move over Millennials; there’s a new kid in town – Gen Z. By 2026, this demographic will account for over a quarter of the world’s population and become the largest consumer group globally, with a purchasing power of over $44 billion. As a marketer, understanding the unique characteristics of this generation is crucial in creating impactful and effective marketing strategies. As the famous quote goes, ‘The future belongs to those who prepare for it today.’ So, let’s dive in and gain insights into the newest consumer market – Gen Z.

Gen Z Demographic Profile

Gen Z, also known as the iGeneration or Post-Millennials, includes individuals born between 1997 and 2012. As of 2023, the oldest members of this generation are 26 years old, and the youngest are just 11 years old.

Gen Z is a highly diverse generation with members from different cultural, social, and economic backgrounds. They are the first generation to be truly digital natives, growing up in a world that has always been connected by technology.

Gen Z is also a socially conscious generation with a strong emphasis on diversity, inclusion, and sustainability. In a global study by The Center for Generational Kinetics, 70% of Gen Z respondents said they believe in equal rights, regardless of race, gender, or sexual orientation. Furthermore, a survey found that 66% of Gen Z respondents in the United States prefer to buy products from companies that prioritise sustainability.

Gen Z Around the World

North America

In North America, the demographic profile of Gen Z varies significantly by country. According to a study by the US Census Bureau, the percentage of the population aged 15-24 in the United States is 13.6%, while in Canada, it is 12.9%. The ethnic composition of Gen Z in North America also varies, with the United States having a higher proportion of non-white populations compared to Canada. Gen Z in North America is highly diverse, with a growing number of individuals identifying as multiracial or belonging to minority groups.

Gen Z in North America is highly educated, with a more significant percentage pursuing higher education than any previous generation. According to a report by the National Center for Education Statistics, 59% of high school graduates in the United States enrolled in college in 2019, which is projected to continue to rise. A similar trend is seen in Canada, with 56% of high school graduates enrolling in college or university in 2018.

Overall, marketers targeting Gen Z in North America need to be aware of this generation’s demographic diversity and high levels of education. By understanding the unique characteristics of this generation, marketers can create impactful campaigns that resonate with Gen Z and build long-term brand loyalty.

UK

In the UK, Gen Z constitutes roughly 16% of the total population, with an estimated 11.2 million individuals in this age group. According to a report by Kantar, the ethnic diversity of Gen Z in the UK is higher than in any previous generation. Approximately 54% of Gen Z in the UK come from non-white backgrounds, with 18% identifying as Asian, 16% as Black, 11% as mixed, and 9% as other ethnic groups. Regarding gender, Gen Z in the UK is evenly split between males and females.

Europe

In Europe, the demographic profile of Gen Z varies significantly by country. According to the statistical office of the European Union, the percentage of the population aged 15-24 ranges from 8.8% in Italy to 18.9% in Cyprus. The ethnic composition of Gen Z in Europe also varies, with countries such as France, Germany, and the Netherlands having a higher proportion of non-white populations compared to countries such as Hungary, Poland, and Romania. Gen Z in Europe is generally highly educated, with a greater percentage pursuing higher education than any previous generation.

India

Gen Z represents the largest demographic group in India, with an estimated 472 million individuals aged 24 and below. The demographic profile of Gen Z in India is highly diverse, with a variety of languages, religions, and cultures represented. Gen Z in India are bilingual, with English and Hindi being the most commonly spoken languages. Regarding gender, there are slightly more males than females in this age group.

Southeast Asia

In Southeast Asian countries such as Indonesia, Malaysia, and the Philippines, Gen Z constitutes a significant portion of the population. According to the Asian Development Bank, the percentage of the population aged 15-24 in Southeast Asia ranges from 14% in Thailand to 22% in the Philippines. The ethnic composition of Gen Z in these countries is diverse, with a variety of ethnic groups and languages represented. Regarding gender, there are slightly more females than males in this age group in some countries, such as the Philippines.

Gen Z Behavioural Trends

Gen Z has grown up in a world where digital technology is ubiquitous. As a result, they have a strong preference for digital communication channels, such as social media, messaging apps, and video conferencing.

According to a report by Snapchat, Gen Z spends an average of 3.4 hours per day on social media, and 63% of this generation prefers to interact with businesses through social media channels. This trend presents an excellent opportunity for marketers to reach Gen Z effectively by creating engaging content for social media platforms.

Another major behavioural trend among Gen Z is their interest in social and environmental issues. Gen Z is more socially and environmentally conscious than any previous generation, and they expect businesses to take a stand on issues that are important to them. According to research, 62% of Gen Z respondents worldwide believe that companies have a responsibility to take a stand on social and environmental issues. This trend presents an opportunity for marketers to align their brands with causes that matter to Gen Z and to communicate their social and environmental impact effectively.

Gen Z also values personalisation and authenticity. They expect businesses to tailor their products and services to their individual needs and preferences, and they respond positively to authentic and transparent brands. A survey found that 53% of Gen Z respondents in the United States are more likely to buy from brands that provide personalised recommendations, and 72% are more likely to buy from brands that are transparent about their business practices.

Case Study: Nike

Nike’s “You Can’t Stop Us” campaign is an excellent example of a marketing campaign that successfully targeted Gen Z by addressing their behavioural trends. The campaign highlighted Nike’s commitment to social issues, including racial justice and gender equality, while emphasizing personalisation and authenticity. 

As demonstrated through split-screen video edits, the campaign’s message of resilience and determination resonated well with Gen Z, resulting in increased engagement and brand loyalty.

Case Study: Greggs 

Greggs is a UK-based bakery chain that successfully targeted Gen Z by aligning its brand with social and environmental issues. In 2019, Greggs launched its vegan sausage roll, which became a viral sensation on social media, with the hashtag #vegansausageroll trending on Twitter. The launch of the vegan sausage roll was part of Greggs’ broader strategy to appeal to Gen Z, who are more likely to follow a plant-based diet than any previous generation. The vegan sausage roll’s success helped Greggs increase its sales and improve its brand perception among Gen Z, who saw the company as innovative and socially responsible.

Case Study: Grab 

Grab is a ride-hailing and food delivery company that successfully targeted Gen Z in Southeast Asia by focusing on personalisation and authenticity. Grab’s “Personalise Your Journey” campaign aimed to show Gen Z that the company understands its individual needs and preferences. The campaign involved a series of short videos highlighting how Grab’s services can be tailored to each user’s preferences, such as music and temperature settings in the car. The campaign increased engagement and loyalty among Gen Z users, who saw Grab as a brand that values their unique identity and preferences.

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Gen Z Consumption Habits

Gen Z has a unique set of consumption habits shaped by their digital upbringing, interest in social and environmental issues, and focus on personalisation and authenticity. Understanding these consumption habits is essential for marketers who want to engage effectively with this generation.

Preferred Shopping Channels

Gen Z prefers to shop online and is likelier to use their mobile devices than any other generation. According to a survey by Hootsuite, 54% of Gen Z respondents in the United States prefer to shop online, and 72% use their mobile devices to make purchases. This trend presents an opportunity for marketers to create mobile-optimised e-commerce websites and mobile apps that provide a seamless shopping experience for Gen Z.

In addition to online shopping, Gen Z also values physical stores that provide a unique and immersive experience. A survey found that 59% of Gen Z respondents in the United States prefer to shop in stores that offer an immersive experience, such as augmented reality or virtual reality. This trend allows marketers to create innovative, engaging in-store experiences that resonate with Gen Z.

Products They Buy

Gen Z has diverse interests and preferences regarding the products they buy. They are more likely to purchase products that align with their values and beliefs, such as social and environmental issues. A survey by NPD Group found that 83% of Gen Z respondents in the United States are more likely to buy products that support social and environmental causes. This trend allows marketers to create products and services that align with Gen Z’s values and beliefs.

Decision-Making Process

Social media and peer recommendations heavily influence Gen Z’s decision-making process. According to a survey by Common Sense Media, 43% of Gen Z respondents in the United States trust peer recommendations over advertising when making purchase decisions. This trend allows marketers to leverage influencer marketing and user-generated content to effectively reach and engage with Gen Z.

Case Study: Fabletics

Fabletics is a women’s activewear brand that has successfully targeted Gen Z in the US by aligning its brand with the consumption habits of this generation. Fabletics’ subscription model and personalised shopping experience have resonated well with Gen Z, who value convenience and personalisation. 

Fabletics offers a monthly subscription service that provides members with personalised activewear outfits based on their style preferences, body shape, and fitness goals. The company also allows members to skip a month or cancel their subscription anytime, providing a flexible and convenient shopping experience that resonates well with Gen Z.

Fabletics’ focus on diversity and inclusivity has also resonated well with Gen Z. The company offers a wide range of sizes and styles, including a plus-size collection that promotes body positivity and inclusivity. Fabletics also partners with non-profit organisations that support women’s health and wellness, aligning the brand with social issues that matter to Gen Z.

Fabletics’ success with Gen Z is reflected in its highly engaged social media following, with over 2 million followers on Instagram and a highly active community of brand advocates. By aligning its brand with the consumption habits of this generation, Fabletics has become a popular choice for Gen Z women who value convenience, personalisation, and inclusivity.

Case Study: Zomato 

Zomato is a food delivery and restaurant discovery platform that has successfully targeted Gen Z in India by aligning its brand with the consumption habits of this generation. Zomato’s user-friendly mobile app and website have resonated well with Gen Z, who value convenience and personalisation. In addition, Zomato’s focus on sustainability and ethical sourcing has appealed to Gen Z’s interest in social and environmental issues. Zomato’s success with Gen Z is reflected in its rapidly growing user base, with over 80 million monthly active users as of 2022.

Case Study: Depop 

Depop is a fashion marketplace that has successfully targeted Gen Z in the UK by aligning its brand with the consumption habits of this generation. Depop’s mobile app allows users to buy and sell unique, vintage, and sustainable fashion items, which aligns with Gen Z’s interest in personalisation and sustainability. In addition, Depop’s focus on community building and peer-to-peer selling has appealed to Gen Z’s desire for authentic and transparent shopping experiences. Depop’s success with Gen Z is reflected in its rapidly growing user base, with over 30 million registered users as of 2022.

Understanding the consumption habits of Gen Z is crucial for marketers who want to engage this generation effectively. Gen Z prefers online shopping and values physical stores that provide an immersive experience. They are more likely to buy products that align with their values and beliefs, such as social and environmental issues. Social media and peer recommendations heavily influence their decision-making process. Marketers can create impactful campaigns that resonate with Gen Z by aligning their brands with these consumption habits. 

Gen Z Marketing Strategies

Gen Z has a unique set of consumption habits, which requires marketers to use innovative and effective marketing strategies to reach and engage with this generation. Here are some of the most effective marketing strategies for targeting Gen Z:

Social Media Marketing

Social media marketing is one of the most effective strategies for reaching and engaging with Gen Z. This generation spends an average of 3.4 hours per day on social media, making it an excellent platform for marketers to reach them. To be successful, social media marketing needs to be personalised, engaging, and authentic. Marketers must create content that aligns with Gen Z’s interests and values, such as social and environmental issues, diversity, and inclusivity.

Influencer Marketing

Influencer marketing is another effective strategy for reaching and engaging with Gen Z. This generation trusts peer recommendations over advertising, making influencer marketing a powerful tool for marketers. Influencers are highly influential among Gen Z, and they can help brands reach this generation in an authentic and engaging way. However, working with influencers who align with the brand’s values and messaging is essential to avoid being inauthentic or disingenuous.

Experiential Marketing

Experiential marketing is a highly effective strategy for engaging with Gen Z, who value unique and immersive experiences. This strategy involves creating brand experiences that provide a tangible and memorable connection with the brand. For example, a pop-up store or event can create a powerful connection with Gen Z by delivering an immersive and engaging experience. This strategy can build brand awareness and loyalty among this generation.

Case Study: Taco Bell

Taco Bell is a fast-food chain that has successfully targeted Gen Z using innovative marketing strategies, including social media, influencer, and experiential marketing. Taco Bell’s highly engaged social media presence has helped it to connect with Gen Z, who value personalisation and authenticity. 

The company has also leveraged influencer marketing to reach this generation in an authentic and engaging way. For example, in 2019, Taco Bell partnered with influencer David Dobrik to launch the “Belluminati” campaign, which generated over 3.4 billion impressions on social media.

Taco Bell has also used experiential marketing to create unique and immersive brand experiences that resonate with Gen Z. In 2019, the company opened a hotel in Palm Springs, California, which provided a highly immersive and engaging experience for fans of the brand. The hotel sold out in just two minutes, demonstrating the power of experiential marketing in engaging with this generation.

Marketers need to use innovative and effective marketing strategies to reach and engage with Gen Z. Social media marketing, influencer marketing, and experiential marketing are some of the most effective strategies for targeting this generation. By creating personalised, authentic, and engaging marketing campaigns, marketers can build brand awareness and loyalty among this highly influential generation. 

Gen Z Campaigns from around the world

These examples demonstrate how successful marketing campaigns targeting Gen Z require creativity, authenticity, and a focus on emotions and experiences. 

Using tactics such as social media challenges, short films, and humour, these brands engaged with Gen Z meaningfully and created strong connections with this generation. The outcomes achieved, such as increased sales and widespread media coverage, show the power of effective marketing in reaching and engaging with this highly influential generation.

India – Lays

Lays’ “Smile Deke Dekho” campaign targeted Gen Z in India by focusing on humour and creativity. The campaign involved a social media challenge that encouraged people to create and share their own funny videos using a Lays chip packet. The campaign was highly successful, with over 7 million views on YouTube and widespread social media engagement.

China – Pepsi

Pepsi’s “Bring Happiness Home” campaign targeted Gen Z in China by focusing on family and community. The campaign featured a short film that showed a young man using Pepsi to connect with his family and bring them together. The campaign also involved a social media challenge encouraging people to share their family stories and experiences. The campaign was highly successful, with over 10 million views on YouTube and widespread media coverage.

Japan – McDonald’s

McDonald’s “Fry Thief” campaign targeted Gen Z in Japan by focusing on humour and creativity. The campaign featured a series of short films that showed people stealing fries from each other in various settings, from a park to a beach. The campaign also involved a social media challenge encouraging people to share their “fry thief” moments. The campaign was highly successful, with over 3 million views on YouTube and widespread social media engagement.

Understanding Gen Z as a consumer market is essential for marketers who want to engage with this highly influential generation effectively. By aligning their brands with the consumption habits and marketing preferences of Gen Z, marketers can create impactful campaigns that resonate with this generation and build long-term brand loyalty. 

Are you ready to take your marketing to the next level by understanding Gen Z as a consumer market? Download “The Definitive Guide to Gen Z” This guide is packed with valuable insights and data to help you create effective marketing campaigns that resonate with Gen Z.

Big data refers to the massive amount of structured and unstructured data generated by various sources in our digital world, such as social media, e-commerce transactions, and mobile devices. This data is characterised by its sheer volume, velocity, and variety, making it difficult to process using traditional methods.

“Big data will become the basis for competitive advantage, replacing the traditional competitive advantage of having the best resources, the best people, or the best strategy.” – Ginni Rometty, CEO of IBM.

The role of big data in market research is crucial in providing businesses with valuable insights into consumer behaviour, preferences, and market trends. Market researchers use big data to analyse consumer data and understand their purchasing habits, preferences, and opinions, which helps businesses make informed decisions about product development, marketing, and sales strategies.

Big data also helps identify potential market opportunities and challenges and understand the effectiveness of marketing campaigns. By leveraging advanced analytical techniques, such as machine learning and predictive analytics, market researchers can uncover patterns and relationships in consumer data, which can help businesses tailor their products and services to meet the needs and preferences of their target market.

The term “big data” was first popularised in the late 1990s and early 2000s, but the concept of handling large amounts of data dates back to much earlier. Here is a rough timeline of the history of big data:

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The outlook for big data is very positive, with demand for big data solutions expected to continue growing as brands seek to harness the value of their data and make more informed decisions.

Here are some of the key trends and factors that are shaping the future of big data:

  • Continued Growth of Data: The amount of data being generated is continuing to grow at an exponential rate, driven by the proliferation of connected devices, the Internet of Things (IoT), and the rise of new technologies such as artificial intelligence and machine learning.
  • Wider Adoption of Cloud Computing: The trend towards cloud computing enables companies to store and process large amounts of data more efficiently and cost-effectively, driving the adoption of big data solutions.
  • Increased Focus on Data Privacy: As consumers become more aware of the value of their personal data, there is a growing demand for solutions that allow them to control and protect their information.
  • Advances in Artificial Intelligence and Machine Learning: The continued development of AI and machine learning makes it possible to extract more value from big data, enabling companies to gain new insights and make more informed decisions.
  • Expansion into New Industries: Big data is no longer limited to tech-focused industries and is increasingly being adopted by a wider range of industries, including healthcare, retail, finance, and energy.

4 Ways Big Data is Changing Market Research

As previously mentioned, big data refers to large and complex datasets generated by various sources, including social media, e-commerce transactions, and mobile devices. The sheer volume, velocity, and variety of big data can make it difficult to process and analyse using traditional data processing techniques.

“Big data is more than just a matter of size; it is an opportunity to find insights in new and emerging types of data and content, to make your business more agile, and to answer questions that were previously considered beyond your reach.” – Tim O’Reilly, Founder, and CEO of O’Reilly Media.

Big data is changing the way market research is conducted in several ways. First, big data allows market researchers to gain insights into consumer behaviour and preferences at a scale that was previously not possible. With big data, researchers can track consumer interactions across multiple touchpoints, including online and offline behaviours, social media interactions, and purchase history.

Second, big data enables market researchers to gain more accurate and in-depth insights into consumer behaviour and preferences. With traditional market research methods, such as surveys and focus groups, it can be difficult to get a complete picture of consumer behaviour and preferences, as the sample size is often limited and the data is self-reported. With big data, researchers have access to a much larger and more diverse dataset, which can provide a more accurate and in-depth view of consumer behaviour and preferences.

Third, big data allows market researchers to conduct research in real-time, providing brands with insights into consumer behaviour and preferences as they happen. This will enable companies to respond quickly to changing consumer preferences and needs and make more informed decisions.

Finally, big data enables market researchers to use more advanced analytical techniques, such as machine learning and artificial intelligence, to gain deeper insights into consumer behaviour and preferences. With these techniques, researchers can analyse large and complex datasets, uncover patterns and correlations, and gain insights into consumer behaviour and preferences in a way that was previously not possible.

In conclusion, big data is changing the way market research is conducted by providing researchers with access to larger and more diverse datasets, enabling real-time research, and allowing for more advanced analytical techniques. As a result, companies can gain more accurate and in-depth insights into consumer behaviour and preferences and make more informed decisions.

The Benefits of Big Data

The use of big data in market research offers several benefits that can help brands gain a better understanding of their customers and make more informed decisions. Some of the key benefits of big data in market research include the following:

  • Ability to gather and analyse vast amounts of data: One of the biggest benefits of big data in market research is the ability to gather and analyse vast amounts of data. With traditional market research methods, such as surveys and focus groups, it can be difficult to collect enough data to make accurate and informed decisions. However, with big data, researchers can gather and analyse vast amounts of data from a wide range of sources, including social media, e-commerce transactions, and mobile devices, providing a much more complete picture of consumer behaviour and preferences.
  • Real-time insights: Another key benefit of big data in market research is the ability to gain real-time insights. Traditional market research methods can take weeks or even months to gather and analyse data, by which time consumer preferences and behaviours may have changed. With big data, researchers can gain real-time insights into consumer behaviour and preferences, allowing companies to respond quickly to changes in the market.
  • Improved accuracy: Big data also provides a more accurate picture of consumer behaviour and preferences than traditional market research methods. With traditional methods, the sample size is often limited, and the data is self-reported, leading to biases and inaccuracies. With big data, researchers have access to a much larger and more diverse dataset, which can provide a more accurate view of consumer behaviour and preferences.
  • Advanced analytical techniques: Finally, big data enables market researchers to use more advanced analytical methods, such as machine learning and artificial intelligence, to gain deeper insights into consumer behaviour and preferences. These techniques can help researchers uncover patterns and correlations in large and complex datasets, giving organizations a more in-depth understanding of their customers.

The Power of Predictive Analytics

Predictive analytics is a key component of big data and is increasingly used by companies to make informed business decisions. Predictive analytics involves statistical models, machine learning algorithms, and other techniques to analyse large and complex datasets and predict future events or trends.

In market research, predictive analytics can forecast consumer behaviour and preferences and predict the success of marketing campaigns, product launches, and other initiatives. By leveraging the power of predictive analytics, brandss can better understand their customers, make more informed decisions, and stay ahead of the competition.

One of the key advantages of predictive analytics is its ability to identify patterns and correlations in large and complex datasets. This allows brands to predict future consumer behaviour and preferences and identify key drivers of consumer behaviour. For example, predictive analytics can identify the factors influencing consumer purchasing decisions, such as brand loyalty, price sensitivity, and product quality.

Another advantage of predictive analytics is its ability to provide real-time insights. Traditional market research methods can take weeks or even months to gather and analyse data, by which time consumer preferences and behaviours may have changed. With predictive analytics, organisations can gain real-time insights into consumer behaviour and preferences, allowing them to respond quickly to changes in the market.

The Challenges of Big Data

Despite the many benefits of big data in market research, several challenges are associated with this approach. Some of the main challenges of big data include the following:

  • The need for advanced data management systems: One of the biggest challenges of big data is the need for advanced data management systems. Traditional market research methods typically collect data in a centralised and structured format, making it easier to manage and analyse. However, with big data, data is often collected from a wide range of sources and in a variety of formats, making it more challenging to manage and analyse. As a result, companies must invest in advanced data management systems, such as data warehouses, data lakes, and cloud computing solutions, to effectively manage and analyse big data.
  • The need for skilled data scientists: Another challenge of big data is the need for qualified data scientists. With big data, organisations must analyse vast amounts of data using advanced techniques, such as machine learning and artificial intelligence, which require a high level of expertise. As a result, companies must invest in training and development programs for their data scientists or partner with external firms with the necessary expertise to effectively leverage the power of big data.
  • Data privacy and security concerns: With the increasing use of big data, there are also concerns about data privacy and security. With big data, organisations must collect and store vast amounts of personal data, which raises concerns about data privacy and security. As a result, companies must implement strong security measures and comply with data privacy regulations, such as the General Data Protection Regulation (GDPR), to protect personal data.
  • Quality and accuracy of data: Another challenge of big data is the quality and accuracy of data. With big data, organisations must rely on data from a wide range of sources, including social media, e-commerce transactions, and mobile devices, which may only sometimes be accurate or up-to-date. As a result, companies must validate and clean the data they collect to ensure its accuracy and quality.

Big Data Gone Wrong

There are several examples of big data gone wrong that are worth mentioning. One such example is the Cambridge Analytica scandal, where the data analytics firm gained unauthorised access to the personal data of millions of Facebook users, which was then used to influence political elections. This scandal brought attention to the potential misuse of big data and the importance of ethical considerations in its use.

“Big data is not about the data. It’s about creating insights, making informed decisions, and driving outcomes.” – Tom Davenport, Professor of Information Technology and Management at Babson College.

Another example is the concept of “fake news,” which has become increasingly prevalent with the rise of big data. The vast amounts of information available through big data can make it difficult to distinguish between credible and non-credible sources, leading to the spread of false information and misleading insights.

Finally, big data can also perpetuate existing biases and discrimination if the data used to inform decision-making is not diverse and representative. For example, facial recognition technology has faced criticism for having higher error rates for people with darker skin tones due to a lack of diverse training data.

These examples highlight the importance of responsible and ethical use of big data in market research and the need for companies to consider the potential consequences of their actions when leveraging big data to inform business decisions.

Integrating Big Data with Traditional Research Methods

While big data in market research offers many benefits, it is also essential to integrate it with traditional research methods, such as surveys and focus groups, to achieve a comprehensive understanding of consumer behaviour. This integration can help organisations:

  • Validate big data findings: By combining big data with traditional research methods, brands can validate the findings of big data and ensure the accuracy of their results. For example, by conducting surveys or focus groups, companies can gain insights into consumer attitudes and behaviours, which can be compared with the data collected from big data sources, such as social media or e-commerce transactions.
  • Gain deeper insights into consumer behaviour: Integrating big data with traditional research methods can also help organisations gain deeper insights into consumer behaviour. For example, by combining big data with focus groups, brands can gain a complete understanding of consumer attitudes and motivations, which can help them make more informed decisions.
  • Fill gaps in big data: Big data sources, such as social media and e-commerce transactions, only sometimes provide a complete picture of consumer behaviour. By integrating big data with traditional research methods, brands can fill gaps in their data and gain a full understanding of consumer behaviour.
  • Enhance the reliability of results: Integrating big data with traditional research methods can also enhance the reliability of market research results. By combining multiple data sources, organisations can gain a more accurate and comprehensive understanding of consumer behaviour.

The Role of Artificial Intelligence and Machine Learning

Artificial intelligence (AI) and machine learning (ML) are rapidly becoming an important part of big data in market research. These technologies are often used to automate the analysis of large amounts of data, making it easier and faster to gain insights into consumer behaviour. Some of the ways in which AI and ML are used in market research include:

  • Predictive modelling: AI and ML are used to create predictive models that can identify patterns and trends in big data. These models can be used to forecast consumer behaviour and make informed decisions.
  • Sentiment analysis: AI and ML can also be used to perform sentiment analysis on social media data, making it possible to gain insights into consumer opinions and attitudes.
  • Natural language processing: AI and ML are also used to perform natural language processing (NLP) on big data sources, such as customer reviews or surveys. NLP allows companies to analyse text data and gain insights into consumer behaviour.

In the future, AI technologies, such as ChatGPT, could play a significant role in market research. For example, ChatGPT could conduct virtual focus groups or customer interviews. This type of AI could provide a more natural and interactive experience for participants, making it easier to gain insights into consumer behaviour. Additionally, ChatGPT could automate customer feedback analysis, making it possible to gain insights into consumer behaviour in real-time.

Best Practices for Big Data Market Research

When conducting big data market research, it is essential to follow best practices to ensure the quality and accuracy of the data. Some of the best practices for big data market research include:

  • Focus on data quality: The quality of the data is critical for making informed decisions. Organisations should focus on collecting high-quality data from reliable sources, such as customer surveys or transactional data. Additionally, it is essential to clean and validate the data to ensure accuracy.
  • Ethical considerations: Big data market research raises significant ethical concerns like privacy and data security. Brands should be transparent about their data collection practices and obtain consent from participants. Additionally, it is crucial to secure and store data to protect sensitive information properly.
  • Integration with traditional research methods: While big data provides valuable insights into consumer behaviour, it is important also to integrate it with traditional research methods, such as focus groups or customer interviews, to gain a comprehensive understanding of consumer behaviour.
  • Data management and storage: The volume and complexity of big data requires advanced data management systems and storage solutions. Brands should invest in these technologies to ensure that they can efficiently store, manage, and analyse large amounts of data.
  • Collaboration with data scientists: Organisations may need to collaborate with data scientists or other experts to analyse the data and extract insights. It is vital to work with experienced professionals to ensure that the data is analysed accurately and effectively.

Big Data in Action

Big data has been used in various industries to inform business decisions and improve market research. Here are a few examples:

  • Retail: Big data has been used by retailers to analyse customer purchase patterns and improve inventory management. For example, retailers can use data on customer purchases to determine which products are in high demand and adjust their inventory accordingly.
  • Healthcare: The healthcare industry uses big data to improve patient outcomes and reduce costs. For example, healthcare providers use patient health records and medical procedures data to identify trends and make treatment recommendations.
  • Finance: Financial services companies use big data to improve risk management and fraud detection. For example, banks can use data on customer transactions to identify unusual patterns that may indicate fraudulent activity.
  • Marketing: Marketers use big data to gain insights into consumer behaviour and target advertisements more effectively. For example, companies can analyse consumer searches and social media activity data to determine which products and services interest consumers.

These are just a few examples of how big data can inform business decisions and improve market research. As technology evolves and the amount of data generated continues to grow, we will likely see even more innovative uses of big data in the future.

Final thoughts and Key Takeaways

It is worth mentioning that the role of big data in market research is constantly evolving. As technology advances and the amount of data generated continues to grow, the opportunities to leverage big data in market research are only increasing.

“Big data, if used correctly, has the potential to change the face of market research forever. By harnessing the power of advanced analytics, market researchers can uncover new insights and trends that were previously hidden in the data.” – Raj De Datta, CEO and Co-Founder of Bloomreach.

One key trend in using big data for market research is the rise of omnichannel data. Omnichannel data refers to collecting data from various sources, including online and offline interactions, to understand consumer behaviour comprehensively. With the rise of the Internet of Things (IoT) and the increasing use of mobile devices, the amount of omnichannel data available for analysis is snowballing.

Another trend in using big data for market research is the increased focus on data privacy and ethics. With the growing amount of data being collected and analysed, companies must ensure that they respect consumers’ privacy and adhere to ethical standards.

Key Takeaways

  • Big data refers to the vast amounts of structured and unstructured data generated by modern technologies, such as social media, online transactions, and IoT devices.
  • The benefits of using big data in market research include gathering and analysing vast amounts of data in real-time, gaining deeper insights into consumer behaviour, and making more informed business decisions.
  • Predictive analytics is a powerful tool in big data, as it can help brands identify trends and predict future behaviour.
  • The use of big data in market research is not without its challenges, including the need for advanced data management systems, skilled data scientists, and ethical considerations.
  • Integrating big data with traditional research methods, such as surveys and focus groups, can provide a comprehensive understanding of consumer behaviour and help companies make more informed decisions.
  • AI and machine learning play a significant role in big data, as they can help process and analyse vast amounts of data and improve market research.
  • Best practices for conducting big data market research include ensuring data quality, considering ethical considerations, and integrating big data with traditional research methods.
  • Real-life examples of big data in action include its use in personalised marketing, identifying consumer trends, and predicting future behaviour.
  • Despite the potential benefits of big data in market research, there are also possible consequences, including spreading false information, perpetuating existing biases and discrimination, and potential misuse of data. As such, market researchers must be aware of these potential consequences and ensure that they use big data in an ethical and responsible manner.

In conclusion, big data has already significantly impacted market research and is only becoming more important as technology advances, and the amount of data generated continues to grow. Market researchers who embrace big data and understand its potential benefits and challenges will be well-positioned to succeed in the future.

Imagine this: You’re scrolling through your social media feed and come across a product ad that catches your attention. The ad tells a story that speaks to your heart, making you want to learn more about the product and even consider buying it. This is the power of storytelling in product marketing.

In today’s crowded marketplace, it’s becoming increasingly difficult for brands to stand out and connect with their target audience. Storytelling provides a way for companies to create a lasting emotional connection with their customers by tapping into their hopes, fears, and desires.

Many companies and brands have successfully used storytelling in their product marketing. Take Nike, for example, whose “Just Do It” campaign tells stories of athletes overcoming challenges to achieve greatness. 

And there’s Coca-Cola, whose “Share a Coke” campaign tells the story of a simple act of sharing a Coke with friends and family, highlighting the brand’s values of happiness and togetherness.

But how can companies effectively use storytelling in their product marketing? In this article, we will explore the art of storytelling in product marketing, providing tips and guidance on creating compelling brand stories that engage customers and drive sales. We will also discuss the importance of understanding your audience, choosing the right channels for sharing your story and measuring the success of your storytelling efforts. So, let’s get started and discover the art of storytelling in product marketing.

The Power of Storytelling

In the world of marketing, storytelling is a powerful tool that brands can use to connect with their customers on a deeper, emotional level. By telling relatable and inspiring stories, companies can create a connection with their audience that goes beyond the product or service they offer.

Successful companies understand the value of storytelling. Apple’s “Think Different” campaign tells the story of how it differs from other technology companies, highlighting its innovation and creativity. This story inspires customers to see themselves as part of a community of people who are also “different.”

Dove’s “Real Beauty” campaign tells the story of how women should embrace their natural beauty. The campaign uses real women with diverse body types and skin tones and focuses on their stories and struggles. This story resonated with customers and helped Dove become a leader in the beauty industry.

Storytelling is a powerful tool in product marketing because it evoles emotions, connects with customers on a deeper level.

To quote Maya Angelou, “I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” This is the essence of storytelling in product marketing: create an emotional connection with customers that lasts beyond the transaction.

Understanding Your Audience

To create a compelling brand story, it’s crucial to understand your target audience and their needs and interests. This knowledge allows you to tailor your storytelling to resonate with them and create a strong emotional connection.

Customers are looking for brands that align with their values and beliefs. They are more likely to engage with content that speaks to those values. A great example of this is TOMS Shoes, a company that donates a pair of shoes to someone in need for every pair purchased. TOMS promotes its ethos and tells a story of social responsibility and giving back. This story resonates with customers who value social impact and has helped TOMS become a leader in the ethical fashion industry.

Another example is Airbnb, a company that tells the story of “belonging anywhere.” The brand’s storytelling focuses on the unique and authentic experiences that customers can have when they use Airbnb, catering to the needs and interests of travellers who seek immersive and personalised travel experiences.

To understand your target audience and their needs and interests, it’s important to gather data and insights about their demographics, psychographics, and behaviours. This information can be collected through market research, customer surveys, and social media analytics.

Once you deeply understand your target audience, you can tailor your storytelling to meet their needs and interests. This can include incorporating their values and beliefs, using language and visuals that resonate with them, and telling relatable and inspiring stories.

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Creating Your Story

Creating a compelling brand story is an art that requires careful planning and execution. A strong brand story can engage customers, create an emotional connection, and differentiate your brand from competitors.

Here are some tips and guidance on how to create a compelling brand story:

Develop a relatable character 

Your story’s protagonist should be someone your target audience can relate to. This character should have struggles and challenges that they can identify with.

For example, the clothing brand Patagonia tells the story of Yvon Chouinard, the company’s founder, as a relatable character who embodies the brand’s values of sustainability and environmentalism.

Create conflict

A compelling story needs conflict to create tension and keep the audience engaged. This conflict could be anything from a problem your target audience faces to a challenge your company overcame.

The shoe company Allbirds tells the story of how they discovered a sustainable material to make their shoes, overcoming the challenge of finding an environmentally-friendly option in the fashion industry.

Provide a resolution

A resolution is the story’s conclusion, where the conflict is resolved. This resolution should satisfy the audience and reinforce your brand’s values.

The car company Volvo tells the story of how their cars prioritise safety, resolving the conflict of fear and danger on the road.

Use visuals and language

Your language and visuals should be consistent with your brand’s values and personality. This includes everything from the tone of your language to the colours and imagery you use.

The makeup brand Glossier uses playful and colourful imagery in its storytelling to reflect the brand’s personality and appeal to a younger demographic.

Choosing Your Channels

Once you’ve developed a compelling brand story, it’s time to share it with the world. Choosing the right channels for sharing your story can help you reach your target audience and create a lasting impact. 

Here are some of the channels you can use to share your brand story:

Social media

Social media platforms such as Facebook, Instagram, TikTok and Twitter are great for sharing visual and engaging content. According to Hootsuite, social media users spend an average of 2 hours and 24 minutes per day on social media. This presents a huge opportunity for brands to connect with their target audience and share their brand story.

The sportswear brand Lululemon uses Instagram to showcase their products and tell the story of their brand’s values and lifestyle. They also use influencer partnerships and user-generated content to create a community around their brand.

Email marketing

Email marketing is an effective way to reach customers directly and share your brand story.

According to Hubspot, email marketing has an average ROI of 38:1, making it a highly effective marketing channel.

The cosmetics company Sephora uses email marketing to share its brand story and promote its products. They send personalised emails based on customers’ purchase history and preferences, using language and visuals that resonate with their target audience.

Content marketing

Content marketing involves creating valuable, educational content that provides value to your target audience. This content can be shared on your website, blog, or social media platforms.

The furniture retailer West Elm uses content marketing to educate customers on interior design trends and share their brand story. They create blog posts and social media content that features their products in real-life settings and offers design tips and inspiration.

Measuring Success

Measuring the success of your storytelling efforts is essential to understand the impact of your brand story on your target audience. 

By tracking metrics such as engagement, conversions, and sales, you can evaluate the effectiveness of your storytelling and optimise your strategy accordingly.

Here are some metrics you can use to measure the success of your storytelling efforts:

Engagement

Engagement metrics include likes, comments, shares, and followers on social media platforms. These metrics can help you understand how well your target audience connects with your brand story.

Conversions

Conversions refer to your target audience’s actions after engaging with your brand story. This can include signing up for a newsletter, downloading a resource, or making a purchase.

Sales

Sales metrics include revenue, order value, and customer retention. By tracking these metrics, you can understand the direct impact of your brand story on your bottom line.

The role of Market Research and Storytelling

Market research is crucial in creating a compelling brand story that resonates with your target audience. By understanding your target audience’s needs, preferences, and pain points, you can create a brand story that is relatable and engaging.

Here are some ways that market research can help product marketers create a compelling story for their product:

Identify customer pain points

Market research can help you identify your target audience’s problems and pain points. By understanding their challenges, you can create a brand story that addresses these issues and provides solutions.

Determine brand values

Market research can help you identify the values and beliefs that your target audience cares about. By incorporating these values into your brand story, you can create an emotional connection with your audience.

Test messaging

Market research can help you test different messaging and brand story concepts with your target audience. By getting feedback from your audience, you can optimise your brand story and ensure that it resonates with your customers.

Storytelling is a powerful tool that product marketers can use to create a lasting emotional connection with their customers. By tapping into their hopes, fears, and desires, companies can tell compelling brand stories that engage customers and drive sales.

As competition in the marketplace continues to grow, the brands that can tell a compelling brand story will be the ones that stand out and succeed. 

A small startup named Gymshark partnered with a group of fitness influencers on Instagram to promote their fitness apparel line. The influencers shared photos and videos of themselves wearing Gymshark clothing with their followers, and the results were nothing short of astounding. Gymshark grew into a multi-million-dollar company in just a few years, largely thanks to its influencer marketing strategy.

This is just one example of the power of influencer marketing in product promotion. As consumers increasingly turn to social media to discover and purchase products, partnering with influencers has become a popular and effective way for brands to reach new audiences and leverage the trust and credibility that influencers have built with their followers.

In this article, we’ll explore the world of influencer marketing, and show you how to use this powerful strategy to drive sales and boost brand awareness. Whether you’re a product marketing manager, marketing executive, or head of market research, this article will provide you with a comprehensive guide to the ins and outs of influencer marketing and show you how to incorporate it into your product promotion strategy.

What is Influencer Marketing? 

Influencer marketing is a marketing strategy that involves partnering with individuals with a significant social media following. These individuals, known as influencers, can be bloggers, vloggers, celebrities, or simply social media users with a large following. 

Brands partner with these influencers to promote their products or services, leveraging the trust and credibility that the influencers have built with their followers.

One of the main differences between influencer marketing and other marketing strategies is how it relies on social proof and authenticity. Unlike traditional advertising, where the brand is the primary focus of the message, influencer marketing is all about the relationship between the influencer and their followers. 

By partnering with an influencer, a brand can tap into the trust and credibility the influencer has built with their audience.

The term “influencer” was first used in 2006 in a blog post by marketer Duncan Watts. Since then, the concept has exploded in popularity, and influencer marketing has become crucial to many brands’ marketing strategies.

 

Why Influencer Marketing Works. 

Influencer marketing has become a popular marketing strategy because it leverages the psychology of social proof, trust, and authenticity to drive sales and brand loyalty. 

Social Proof

Social proof is the idea that people are more likely to follow the actions of others when making decisions. In the case of influencer marketing, when an influencer promotes a product, their followers are more likely to trust and try that product. This is because the influencer serves as social proof, indicating that the product is valuable and worth trying.

Trust 

Influencers can build trust with their followers over time by consistently providing value and building relationships. This trust is important because it allows the influencer to promote products that feel authentic and genuine rather than pushy or salesy.

Authenticity

Influencers can create a sense of authenticity in their content by sharing their personal experiences and opinions. This authenticity is essential because it allows the influencer to connect with their followers on a deeper level, and build a sense of community around shared values and interests.

The influencer marketing industry is estimated to be worth $15 billion and is expected to grow to $84 billion by 2028, a clear indication of its effectiveness. 

The power of influencer marketing lies in its ability to tap into the psychology of social proof, trust, and authenticity and create a sense of community around shared values and interests. By partnering with the right influencers, brands can drive sales, boost brand awareness, and create a loyal customer base.

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Identifying the Right Influencers. 

When it comes to influencer marketing, it’s essential to find the right influencers for your brand and product. Choosing the right influencer can make all the difference in the success of your campaign. 

Here’s why it’s important to identify the right influencers and some tips for how to do so.

  • Audience Relevance: Audience relevance is one of the most important factors to consider when choosing influencers. You want to ensure the influencer’s audience fits your brand and product well. This means looking at factors like the influencer’s follower demographics, interests, and values.
  • Engagement Rates: Engagement rates are another essential factor when choosing influencers. High engagement rates indicate that the influencer’s followers actively engage with their content, meaning your brand’s message is more likely to be seen and heard.
  • Brand Alignment: It’s important to consider how the influencer aligns with your brand’s values and message. Choosing an influencer who shares similar values and aesthetics as your brand can help to create a more authentic and effective campaign.

In the UK, the beauty brand Glossier has also successfully identified the right influencers. The brand has worked with a range of beauty influencers who align with its message of natural, effortless beauty. This has helped the brand to build a loyal following and achieve massive success in the UK market.

Identifying the right influencers is crucial to the success of your influencer marketing campaign. By considering factors like audience relevance, engagement rates, and brand alignment, you can choose influencers who are more likely to connect with your target audience and drive results for your brand.

Creating an Influencer Marketing Campaign

Once you’ve identified the right influencers for your brand and product, developing a successful influencer marketing campaign is next. Here’s how to do it:

  1. Create a Clear Message: The first step in creating an effective influencer marketing campaign is to create a clear and compelling message. This message should align with your brand values and goals and resonate with the influencer’s audience.
  2. Set Goals and Metrics: Next, you’ll want to set clear goals and metrics for your campaign. This could include things like increasing brand awareness, driving website traffic, or boosting sales. By setting clear goals and metrics, you’ll be able to measure the success of your campaign and make adjustments as needed.
  3. Provide Guidelines and Content: It’s also vital to provide influencers with clear guidelines and content to share. This could include things like product photos, videos, or copy. By providing influencers with these assets, you’ll be able to ensure that the message is consistent and on-brand.

Clothing brand PrettyLittleThing launched an influencer marketing campaign to promote its festival line. The brand worked with various influencers attending music festivals that summer, creating a clear and consistent message around festival fashion. The campaign was a huge success, with PrettyLittleThing reporting a 15% increase in sales during the festival season.

Creating a successful influencer marketing campaign requires a clear message, clear goals and metrics, and clear guidelines and content for influencers to share. By following these steps, you can develop a campaign that resonates with your target audience and drives results for your brand.

Measuring the Success of Your Influencer Marketing Campaign

Measuring the success of your influencer marketing campaign is crucial to understanding what’s working and what’s not. By tracking key metrics, you’ll be able to see how your campaign is performing and make adjustments as needed. Here’s what to track:

  • Engagement Rates: Engagement rates are one of the most important metrics to track in an influencer marketing campaign. This includes things like likes, comments, and shares. High engagement rates indicate that the influencer’s followers actively engage with the content and are more likely to take action.
  • Click-Through Rates: Click-through rates are another important metric to track. This measures how many people clicked on a link in the influencer’s content and visited your website. High click-through rates indicate that the influencer’s followers are interested in your product and are more likely to become customers.
  • Conversion Rates: Conversion rates are the ultimate metric to track, as they measure how many people who clicked through to your website actually made a purchase. By tracking conversion rates, you’ll see how effectively your influencer marketing campaign drives sales and revenue.

It’s important to track these metrics consistently throughout your campaign and to make adjustments as needed. For example, if you’re not seeing the engagement rates you were hoping for, you may need to adjust your message or content to resonate better with the influencer’s audience.

Measuring the success of your influencer marketing campaign is crucial to understanding what’s working and what’s not. By tracking metrics like engagement, click-through, and conversion rates, you’ll see how effective your campaign is at driving sales and revenue. This will allow you to adjust as needed and ensure that your campaign delivers the results you need to achieve your business goals.

Legal Considerations

When working with influencers, ensuring that your campaign complies with relevant laws and regulations is important. In the US, the Federal Trade Commission (FTC) has issued guidelines for influencer marketing, requiring influencers to disclose sponsored content. This means influencers must clearly state when they are being paid or compensated to promote a product. Failure to comply with these guidelines can result in legal repercussions for the brand and the influencer.

In addition to following disclosure guidelines, brands should also ensure that they have clear contracts with influencers that outline the terms of the partnership, including payment, deliverables, and any exclusivity clauses.

Micro-Influencers

While many brands focus on partnering with macro-influencers with millions of followers, micro-influencers with smaller, more niche followings can be just as effective. Studies have shown that micro-influencers often have higher engagement rates and can be more cost-effective than macro-influencers.

Influencer Platforms

Various influencer platforms and tools are available to help brands find and work with influencers. These platforms can simplify the influencer marketing process, providing access to a wide range of influencers and tools for managing partnerships and tracking metrics.

One popular influencer platform is AspireIQ, which allows brands to easily search for influencers based on factors like audience demographics and engagement rates. The platform also provides tools for managing partnerships and tracking metrics like engagement and sales.

Influencer Marketing Trends

Finally, staying up-to-date on the latest influencer marketing trends and predictions can help brands stay ahead of the curve and create more effective campaigns. Some of the latest trends in influencer marketing include:

  • The rise of TikTok influencers: As TikTok continues to grow in popularity, brands are partnering with influencers on the platform to reach a younger audience.
  • The focus on authenticity: Consumers are becoming increasingly wary of inauthentic or forced influencer partnerships, and brands are responding by focusing on more genuine, long-term relationships with influencers.
  • The shift towards performance-based metrics: Brands are increasingly focused on measuring the ROI of influencer marketing campaigns and are using metrics like conversion rates and sales to evaluate the effectiveness of their campaigns.

Keeping up with these trends and others can help brands create more effective influencer marketing campaigns and stay ahead of the competition.

The role of Market Research in Influencer Marketing

Market research is a critical component of any successful influencer marketing campaign. By conducting thorough research, product marketing managers can gain insights into their target audience, identify the right influencers to partner with, and track the success of their campaign. Here’s a closer look at the role of market research in influencer marketing:

Before the Campaign

Before launching an influencer marketing campaign, it’s essential to conduct market research to identify your target audience and the influencers who are most likely to resonate with that audience. This could include analyzing audience demographics, social media behavior, and content preferences and conducting surveys and focus groups to gain deeper insights.

During the Campaign

Market research can also be valuable during the course of an influencer marketing campaign, as it allows you to track metrics like engagement rates, click-through rates, and conversion rates. This data can be used to adjust your campaign in real time, improving its effectiveness and ensuring you get the best ROI possible.

Post Campaign

After the campaign has concluded, market research can be used to evaluate its success and identify areas for improvement. This could include analyzing data on sales, brand awareness, and customer loyalty, as well as conducting surveys and focus groups to gain feedback from customers and influencers.

Who doesn’t want to learn from their hero? Nike celebrates their influencers and showcases them as inspirations. Their top posts featured the likes of Cristiano Ronaldo, Roger Federer, Rafael Nadal, and artists like Kendrick Lamar, Travis Scott, and Kevin Hart. According to Swaymap, over 1000 influencers tag @nike on Instagram each month. Nike has successfully used market research to inform its influencer marketing campaign is Nike. The company researched its target audience extensively and identified a group of influential sneakerheads on social media. Nike then partnered with these influencers to create content around its new product releases, significantly increasing sales and brand awareness.

Market research plays a critical role in influencer marketing, helping product marketing managers identify their target audience, choose the right influencers, and track the success of their campaign. By conducting thorough research before, during, and after the campaign, brands can ensure they get the best ROI possible and build a loyal customer base.

Influencer marketing is a powerful tool for product marketing managers and marketing executives looking to promote their products and build a loyal customer base. By partnering with the right influencers, creating a clear and compelling message, and tracking metrics throughout the campaign, brands can tap into the psychology of social proof and authenticity to connect with their target audience and achieve their business goals.

Key takeaways from this article include:

  • The importance of identifying the right influencers.
  • Creating a clear message.
  • Measuring the success of the campaign.
  • Leveraging market research to inform the campaign at every stage. 

Following these best practices, brands can create influencer marketing campaigns that drive sales, boost brand awareness, and build a loyal customer base.

Influencer marketing is an exciting and rapidly growing area of marketing with the potential to drive significant business results. By following the best practices outlined in this article, product marketing managers and marketing executives can successfully leverage the power of influencer marketing to promote their products and build a strong brand.

At Kadence International, we specialise in market research and can help you gain the insights you need to create a successful influencer marketing campaign. Contact us today to learn more about our services and how we can help you take your marketing strategy to the next level.

In September 2022, Kadence partnered with tSurvey, an Indonesian online panel firm, to examine how individuals reacted to digital and non-digital ads. The participants came from 10 big cities in Indonesia, with Jakarta holding the biggest percentage of this study at 44 percent.

According to the findings, 45% of the respondents watched ads on their social media accounts. Among the 88% of people who had Instagram accounts, 40% didn’t skip the ads on the platform. Likewise, from the 62% of respondents with YouTube accounts, 28% didn’t skip the ads. Yet, the number decreased to 21% for the 40% of the respondents with Facebook accounts.

By age, the 26-30-year-olds had the highest viewership percentage of ads on their social media compared to other age groups.

Respondents highlighted the following three reasons why they watched the ads: they planned to buy the product (58%), they found the visuals captivating (55%), and the duration was short (40%).

Lastly, the most watched product category was automotive advertising, with 57% viewership, followed by body care (56%) and face care (50%).

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