TGM TRENDS PULSE
TGM Consumer Sentiment Survey in the Netherlands 2024
TGM Consumer Sentiment Survey in the Netherlands 2024
TGM Consumer Sentiment Survey in the Netherlands 2024
Primary Concerns of Consumers Today: Navigating the Winds of Change
Rising Prices (40%): With inflationary pressures still looming, consumers are keenly observing the cost of living and its impact on their budgets.
Wars in the World (41%): Heightened geopolitical tensions and conflicts around the world are contributing to consumer unease, affecting their confidence in economic stability and future prospects.
TGM Consumer Sentiment Netherlands 2024 report highlights a prevailing sense of pessimism among the Dutch when assessing the political and economic ramifications associated with ongoing conflicts.
Political Uncertainty (7%): Concerns regarding political uncertainty are weighing heavily on consumers' minds, influencing their spending habits and overall financial decisions.
Consumer Response: Adapting Strategies for the Future
As the global landscape undergoes dynamic shifts in socio-economic paradigms this year, the ripple effect on consumer behavior within the Netherlands is poised to persist. Our report highlights:
Reducing Future Purchases (49%): Nearly half of respondents plan to curtail their future purchases on personal items, particularly in the Jewelry/ Accessories category.
Venturing into Alternatives (34% aged 18-29): A third of consumers plan to shop from a different website than normal over the next three months, demonstrating a growing inclination towards exploring new online retailers and diversifying purchasing options.
Experimenting With Apps (32% aged 25-44): A sizeable portion of respondents plan to try a new digital shopping method such as ordering groceries on an app over the next three months, reflecting a shift towards embracing technology for convenience in shopping.
Exploring Private-Label Brands (71% aged 45-59): A significant chunk of respondents plans to experiment with private-label brands for groceries and essentials, indicating a departure from brand loyalty and a shift towards value-based decision-making.
Embracing "Buy Now, Pay Later" (28%): A quarter of consumers plan to leverage "buy now, pay later" services, showcasing a shift towards more adaptable payment options.
Methodology
- Market studied: the Netherlands
- Sample: N=1,000
- Targeted Audience: General Population