Google Groups no longer supports new Usenet posts or subscriptions. Historical content remains viewable.

Global Men Consumer.

Skip to first unread message

Jillian Spittle

Dec 6, 2023, 4:36:47 AM12/6/23
Europe and North America markets are majorly driven by the presence of prominent players and high demand for different fabrics, designs, and patterns. Companies are focusing more on innovation and the quality of the designs and fabrics. High preference for premium brands as well as limited editions in North America and Europe has contributed to the significant growth of the global market.

Global men consumer.
Download File

We estimate the global wellness market at more than $1.5 trillion, with annual growth of 5 to 10 percent. A rise in both consumer interest and purchasing power presents tremendous opportunities for companies, particularly as spending on personal wellness rebounds after stagnating or even declining during the COVID-19 crisis. At the same time, the wellness market is getting increasingly crowded, creating the need to be strategic about where and how companies compete.

The global wellness market is healthy and growing. In every category we surveyed, more consumers said they were going to spend more on wellness than those who said they would spend less. The majority of consumers planning to increase their spending was especially large in some categories, including memory/brain enhancers, anti-aging products, beauty supplements, noninvasive cosmetic procedures, nutrition (sports nutrition, juice cleanses, nutrition coaches, fortified foods), and meditation/mindfulness offerings.

Within its research, GWI also asked consumers questions around attitudes to beauty, appearance and representation, he said, and just one in five consumers globally agreed that beauty standards in society were changing for the better.

As we can see, today the number of women in the global labor force who are younger than 25 is slightly less than what it was fifteen years ago. However, the global female labor force grew by almost 50% over the same period.

Financial inclusion is a cornerstone of development, and since 2011, the Global Findex Database has been the definitive source of data on global access to financial services from payments to savings and borrowing. The 2021 edition, based on nationally representative surveys of about 128,000 adults in 123 economies during the COVID-19 pandemic, contains updated indicators on access to and use of formal and informal financial services and digital payments, and offers insights into the behaviors that enable financial resilience. The data also identify gaps in access to and usage of financial services by women and poor adults.

In our interviews with consumers, we asked about their attitudes toward value consciousness and how price influences their purchasing decisions in ten categories of consumer goods and services. The study, part of our research into the attitudinal, demographic, and contextual drivers of global consumer choice, covered the following 18 markets: Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Nigeria, Russia, Saudi Arabia, South Africa, the United Arab Emirates, the UK, and the US. While other research has gone deeper into the influence of price on purchasing decisions, this is the first time we have covered such a breadth of markets across different categories.

Founded in September 2017 with products launched 18 months later, War Paint For Men offered a range of makeup products for men, including foundation, tinted moisturiser, primer, bronzer and brow gel. The brand also had bespoke application brushes. Available online and in select department stores across the UK, including Harvey Nichols and John Lewis, War Paint For Men most recently secured a retail partnership with global fashion house Reiss. Already available on the fashion website, the entire range was primed to launch into 15 UK Reiss stores and three New York stores in the coming weeks.

According to Euromonitor the global apparel and footwear market size shrunk in 2020 by -18.1% (to $1.45 trillion), while McKinsey states that the fashion and apparel industry suffered a 20% decline in revenues for the 2019-2020 fiscal year.

To cater to the large, 3,000 billion, textile and garment industry new companies are entering the market every day. Most of these companies remain rather unknown to the consumer audience, better known are the individual brands that are part of these global fashion companies.

Different sources name various numbers when estimating the amount of people that work in the garment industry. According to the International Labour Organisation, there are more than 60 million workers around the globe in the textiles, clothing, leather and footwear industries. This implies that this number is limited to people that work in textile and apparel production.The Ellen MacArthur Foundation states that globally, the clothing industry employs more than 300 million people along the value chain, which can be understood to also include people that work in design, distribution and retail divisions of the fashion industry.

In 2020 e-commerce sales globally jumped to $4.2 trillion and the global trend continued in 2021, causing online sales to culminate in an estimated 2.14 billion online shoppers worldwide, and $4.9 trillion in revenue.

In 2021, e-commerce accounted for nearly 20 percent of retail sales worldwide. Forecasted is that in 2022 that share will be 21%, and in 2025 the online segment will make up close to 25% of total global retail sales.

How many pieces of clothing are sold world wide? How many people work in the international fashion industry? What is the total sales of clothing in the world? This is the FashionUnited page with Facts and Figures about the global and US fashion industry. For facts and figures of the fashion industry in other countries and regions, see below.

Display ads (video or banner) on mobile devices such as tablets and smartphones are trusted by one-third of global respondents, which is slightly higher than the reported consumer trust level of text ads on mobile phones (29%). While the reported consumer trust level in mobile phone advertising is still low, it increased 61 percent since 2007 and 21 percent since 2009.

In 2022, the world was still focused on adapting on the changed circumstances we found ourselves in after the global pandemic. The global consumer trends in 2022 gave the strong sense that customers were willing to break brand relationships to seek better experiences.

Everything was upended with the global pandemic, and understandably for many retailers and small businesses, the impact was devastating. However, even large businesses were impacted - and a lot of it was to do with a poor view of customer experience.

In most countries, men drink at least three times as much alcohol, on average, as women. For example, Czechia's combined average is 14.6 liters, but the per-gender averages are 6.9 liters for women and 22.0 liters for men (both of which are global highs). In some countries, the disparity is even higher. In Turkmenistan, for instance, men drink 5.26 liters/year, more than five times as much as women (1.03 liters/year).

Digital innovation, rising globalization, and changes in consumer spending habits have catapulted the fashion industry into the midst of seismic shifts. But, thanks to rising inflation and supply chain pressures, the fashion sector is more unpredictable than ever.

Lower digital barriers to entry for all clothing merchants offer the opportunity to market, sell, and fulfill orders globally and automatically. As a result, worldwide revenue and revenue per user (ARPU) are both projected to grow.

As a segment of ecommerce fashion, the shoe industry saw similar peaks in market value. In global market size, the footwear segment will increase from $365.5 billion in 2022 to $530.3 billion in 2027.

In terms of social media demographics, more than half of global Instagram users are aged 34 years or younger. The largest age group is 18-34 years old, consisting of 62.2% of all users.

Leading players operating in the global market L'Oréal S.A, Unilever PLC, Clarins Group, Chattem Inc., Clinique Laboratories, Kiehl's LLC, Susanne Kaufmann Company, Lancôme Company, Galderma Laboratories, L.P., and Aveda Corporation among others.

Michel Doukeris is AB InBev's CEO since 1 July 2021. Born in 1973, he is a Brazilian citizen and holds a Degree in Chemical Engineering from Federal University of Santa Catarina in Brazil and a Master's Degree in Marketing from Fundação Getulio Vargas, also in Brazil. He has also completed post-graduate programs in Marketing and Marketing Strategy from the Kellogg School of Management and Wharton Business School in the United States. Mr. Doukeris joined AB InBev in 1996 and held a number of commercial operations roles in Latin America before moving to Asia where he led AB InBev's China and Asia Pacific operations for seven years. In 2016 he moved to the U.S. to assume the position of global Chief Sales Officer. In January 2018 he assumed leadership of Anheuser-Busch and the North American business.
0 new messages