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FOR IMMEDIATE RELEASE
Contact: Nancy White
The Natural Marketing Institute
215.513.7300 ext. 225
Nancy.White@NMIsolutions.com
LOHAS
Consumers Redefine The Role of "Value"
Research
shows consumers increasingly seek alignment of personal values
with brands and products
Harleysville,
Pa. (December 16, 2003) - The Natural Marketing Institute
(NMI) the leading provider of market research services within
the health and wellness industry, today expanded on one of
the trends it has identified as having a significant effect
on the health and wellness marketplace. The trend is the second
in the series of "NMI's Top 10 Trends of 2004."
Trends
#2: A Shift From Consumer Value To Consumer Values
Manufacturers
take note: consumers are becoming more discriminating
every day, and increasingly they choose products whose
attributes reflect their own personal values. The trend
is especially evident with LOHAS (Lifestyles of Health and Sustainability)
consumers, a group which grew from 30% of the general
population in 2002 to 32% of the general population in
2003. Ninety percent of these consumers agree that they
"will usually buy products from companies whose values
are most like my own." while 62 percent of the general
population agreed with the same statement.
"It
isn't that LOHAS consumers are giving up on traditional
purchase drivers such as value, durability, nutrition,
convenience, among other," said Steve French, Managing
Partner for NMI. "Rather, they are actively seeking
those products endowed with additional characteristic that are
associated with personal belief systems related to concepts
such as sustainability, environmentalism, social
responsibility, and other LOHAS-related platforms. it is
also important to note that these values are applied to the
entire supply chain - from the source of the materials used in
the particular product, to the packaging itself, to what
happens to the product after consumption. As so, the
values alignment is relevant throughout the entire product
life cycle."
These
finding have major implications for manufacturers, and how
they communicate their business practices to consumer.
"LOHAS consumers are information junkies," said
French. "They will examine packaging, read
brochures, and make their way to a company's Web site to learn
more about it." French says that LOHAS consumers
can be extremely loyal to a brand or product, but only after
they have done their due diligence. In addition, LOHAS
consumers act as opinion leaders, having a large influence on
others. As so, the LOHAS consumer is an important group
to identify, target and communicate with.
NMI's
Top Trends of 2004 are the result of the company's fifth
annual Health and Wellness Trends Database™ and 2nd annual
LOHAS (Lifestyles of Health and Sustainability) Consumer
Trends Database™, both based on research studies from 2,000+
US consumer households. The databases are nationally
projectable to the general population and statistically valid
to +/-2%.
NMI is a strategic consulting, market research, and business
development company specializing in the health, wellness,
and sustainable marketplace. This release is the third in a series of eleven articulating NMI's Top 10 Trends of
2004. For more information visit us on-line at www.NMIsolutions.com/news.html.
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