Grocery subscription services help users access limited or affordable items
Trend - The pandemic fueled online grocery orders, and it made way for an increase in grocery subscription services that consumers can use to have food items delivered to them on a consistent basis. These services typically provide access to more affordable and/or limited products.
Insight - For consumers, the benefit of subscription services is in their convenience. This is especially true for people who deal with barriers to shopping in-person regularly--whether those are working and childcare, a disability, reduced mobility from age, or a lack of affordable options. Businesses that prioritize the specific needs of underserved demographics will appeal to consumers who appreciate (or need) more personalized services.
Insight - For consumers, the benefit of subscription services is in their convenience. This is especially true for people who deal with barriers to shopping in-person regularly--whether those are working and childcare, a disability, reduced mobility from age, or a lack of affordable options. Businesses that prioritize the specific needs of underserved demographics will appeal to consumers who appreciate (or need) more personalized services.
Workshop Question - How could your brand prioritize accessibility in its product offerings?
Trend Themes
1. Increase in Grocery Subscription Services - Grocery subscription services have increased in popularity due to the convenience they provide for users who face barriers to shopping in-person regularly.
2. Demand for Authentic Ethnic Food - Consumers are increasingly interested in authentic ethnic food and subscription services that provide access to these products.
3. Efforts to Address Food Waste - Businesses are tackling the food waste crisis through innovative business models that make use of surplus inventory and reduce the amount of good food that ends up in landfills.
Industry Implications
1. Food and Beverage Industry - The food and beverage industry can leverage these trends by innovating new subscription services that provide access to affordable and/or limited products.
2. E-commerce Industry - The e-commerce industry can benefit from the trend of grocery subscription services by creating platforms and marketplaces that make it easier for consumers to find and purchase authentic ethnic foods.
3. Environmental Industry - Efforts to address food waste present opportunities for innovation in the environmental industry, such as new business models that reduce waste and innovative solutions for repurposing surplus food.
