Tribalism

Trend - Cookbook stores now operate as community-centric “third spaces” to help consumers bond over the culinary arts through events like cooking classes and book signings. This speaks to a deepening interest in food as more than sustenance; it is now a means of social engagement and personal expression.

Insight - Many consumers face challenges finding spaces to build friendships and meaningful connections outside their professional and digital networks. Transforming cookbook stores into collaborative hubs creates a welcoming, offline environment where food enthusiasts can connect and share their love of the culinary arts in an intimate space. Businesses that tap into the demand for community can foster lasting loyalty by creating spaces where consumers feel free to express their authentic selves.

Trend - Luxury fashion labels across Europe and Asia are opening dedicated restaurants and cafes. These are designed to transform the boutiques from simple shopping ventures, to full-blown experiences. The experiential retail helps build consumer connections to one another and the brand.

Insight - In major cities across East Asia, in-person retail is once again thriving. Consumers in these regions have a wealth of options when going shopping, leading to them becoming more preferential in their destinations, seeking out unique retailers rather than simply shopping for necessities. This is a way of prioritizing feelings and experiences rather than simple errands. In order to appeal to this type of consumer, fashion labels are making their boutiques more appealing with dedicated cafes.

Trend - Retailers in various industries, such as department stores, luxury brands, and more, are launching in-store lounges and experiential events. These events are designed to enhance the comfort of shoppers while deepening the connection between the shoppers and the brand.

Insight - While many consumers made a strong shift toward online shopping over the past decade, in large part accelerated by the pandemic, there are still cases to be made for in-store shopping. Some consumers prefer to be able to touch a product before purchasing it, while others value the inherit socialization of in-store shopping, and prefer to interact with others and immerse themselves in the retail environment. Capitalizing off of this feeling, retailers are opening experiential lounges in-stores.

Trend - Many restaurants and pubs are now offering pet menus with specialized cocktails and non-alcoholic beverages for furry companions. These establishments allow individuals to include their pets in social outings, providing them with refreshing, safe treats while their owners enjoy their drinks.

Insight - Pet owners often feel guilty leaving their pets at home while they go out with friends or partake in relaxing activities away from h. In response, many restaurants are easing this dilemma by inviting pets along, even offering special meals and treats to keep them engaged while their owners relax. These establishments recognize that pet owners want the freedom to enjoy social outings without compromising on pet care, and are creating a space where both can have a memorable experience.

Trend - Esports technology companies are increasingly investing in software to help consumers more accurately predict the outcomes of competitive gaming matches. These technologies, from data analytics to machine learning, allow users to make informed decisions when wagering on esports events.

Insight - As betting platforms gain traction within the growing esports industry, brands are seizing the opportunity to establish themselves as significant players in this untapped market. Many companies prioritize adopting cutting-edge technologies that attract and retain users, encouraging them to choose their platform over others. These brands understand that esports fanatics seek novelty in their experiences, making technological advancement key to differentiating themselves in this evolving space.

Trend - Companies are implementing mentorship programs to support LGBTQ+ employees entering the workforce. By connecting junior employees with successful LGBTQ+ mentors, these initiatives provide resources and skills, fostering a sense of belonging and empowering career growth.

Insight - As Gen Z becomes a larger part of the workforce, many entry-level employees with diverse identities experience isolation and imposter syndrome from perceived underrepresentation. In response, companies are launching programs that connect senior employees with younger LGBTQ+ individuals, providing vital support during their transition into full-time roles. Businesses that identify these unique hurdles can enhance employee retention and gain valuable insights into their diverse consumer bases.

Trend - Brands are increasingly attending conferences and fairs that promote businesses from diverse suppliers. These events, which typically feature minority-, women-, veteran-, and LGBTQ+-owned companies, foster relationships between large corporations in search of vendors that meet diversity criteria.

Insight - The demand for inclusive business practices has incentivized many companies to reevaluate their supplier diversity strategies and seek new partnerships from historically disadvantaged communities. To address this, many leadership teams are opting for physical experiences to connect with and better understand the services underrepresented businesses can offer. These companies recognize that their customers desire authenticity and want to see that reflected in the brands they support.

Trend - Toiletry companies are launching eco-friendly product lines with recycled and organic materials. Utilizing post-consumer recycled plastics, papers, and bamboo, these products further reduce the environmental footprint of single-use disposable papers, while only marginally increasing prices.

Insight - Environmentally-conscious consumers find pride in using products from brands that align with their personal values. These consumers are far more likely to purchase products with recyclable packaging, recycled materials, and without single-use plastics. These consumers believe in voting with their dollar toward products that make progress toward a genuine greener future. As a result, brands from typically unsustainable industries, such as toiletries, are now turning to recycled materials.

Trend - Decorating the inside of one's fridge is a trend called 'Fridgescaping' that is gaining popularity on social media platforms. Fridgescaping involves neatly sorting all fridge contents while adding decor in empty spaces, such as photos or fake plants.

Insight - Consumers that frequent platforms such as TikTok or Instagram often participate in trends that gain traction on the platforms to feel a sense of participation and community. Additionally, many popular trends relate to life-improvement, such as dietary trends or productivity trends. However, users are not always influenced by productivity without entertainment, leading to the creation of trends such as Fridgescaping which blend aesthetics with benefits - that of a clean and organized fridge.

Trend - Bubble tea restaurants are launching new seasonal flavors inspired by traditional pumpkin spice lattes. This blending of a traditional fall dessert flavor with the bubble tea format is designed to offer more variety to fans of both respective products.

Insight - Younger consumers ranging from younger Millennials to Gen Alpha, are more drawn to loaded dessert-style beverages, such as bubble tea, than those of previous generations. These consumers treat bubble tea as a social experience. As these drinks continue to become ritualized in consumers' lives, demand for new flavors and experiences goes up in turn. In order to cater to the ever-growing demand for flavor diversity, bubble tea restaurants are looking to popular seasonal flavors for inspiration.