An Eye on Consumer Market trends
From retail to food, market trends affect everything that you, as a consumer, purchase, wear, and eat. Consumer market trends are affected by a variety of factors, including consumer interest, the economy, culture, and more. These constantly evolving elements serve as the cornerstones of the foundation from which thousands of new businesses spring each year.
In the past decade alone, consumers all over the world have been affected by several noteworthy trends, such as the transition of music from CD format to digital and the explosion of social networking. Consumer fascination with user-friendly technology have led to the emergence of market leaders such as Apple and Facebook, whose cutting edge products and services have undeniably affected consumers on an international level. Whether these companies will always control their respective markets is hard to say; an increasing number of innovative companies and groundbreaking business platforms are appearing every day.
Throughout the last century, different market trends fluctuated according to cultural and economic shifts. We have seen it time and time again, with post-war economies enjoying longer and longer periods of time without recessions, resulting in a broad range of new markets. The high-growth period of the 90s and the virtual explosion of the World Wide Web onto mainstream consciousness opened up a whole new level of possibilities for businesses. Increased Internet usage meant consumers faced new needs, interests, and concerns – factors that a wide variety of companies capitalized on.
The 2008 collapse of the United States housing bubble has once again led to a shift in consumers’ attitude toward buying. As such, new market trends, many pertaining to consumers’ increasing desire to cut costs and save money, have surfaced. This website is dedicated to examining new and interesting market trends through the filter of entrepreneurs and exciting new businesses.