Consumer Lifestyles in Thailand

June 2024

Consumer Lifestyles offers valuable insights into key consumer attitudes and current thinking, and their impact on purchasing and consumption habits; quantifying behaviours, preferences and motivations, and aligning them with broader trends.

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This report comes in PPT.

Overview:

Consumer Lifestyle reports provide detailed snapshorts of the behaviours, attitudes and spending patterns of consumers in 40 countries. 

The Lifestyles reports offer valuable statistics and insights into key consumer traits and values, linking behaviour trends with purchase and consumption habits. Using lifestyles survey data, these reports quantify behaviours, preferences and motivations both now and in the future across specific consumer-related topics relating to how consumers live, shop, work and play in 40 markets. Analysis is also included on how Euromonitor’s 8 focus megatrends, the longer-term shifts in consumer attitudes and behaviour, are playing out in each of the 40 countries. Consumer lifestyles are constantly shifting. Understanding behavioural shifts is vital for businesses to stay competitive and adapt to in order to capitalise on new opportunities.

The Consumer Lifestyle in Thailand report includes:

Lifestyles survey data and analysis on consumer values, behaviour and future expectations on topics such as life priorities, home and work life, ethical and health priorities and eating, leisure and shopping habits and use of technology. Consumer Megatrends covered are: Connected Consumers Ethical Living Experience More Healthy Living Middle Class Retreat Premiumisation Shifting Market Frontiers Shopping Reinvented

The Consumer Lifestyle in Thailand report answers:

  • How is the consumer mindset in Thailand changing? In Thailand, what are consumer attitudes towards “green” and sustainable products?
  • What values influence consumers in Thailand purchase decisions?
  • Where and how do consumers shop in Thailand?
  • What health-related activities do consumers in Thailand participate in?
  • What megatrends should I focus on in Thailand (and why)?
  • How do I prioritize my investment? I operate in country x, which are the most important megatrends in that country?
  • My product chimes with the Healthy Living trend, what consumer behaviours do I need to consider for innovation planning?
Scope
Consumer landscape in Thailand 2024
Personal traits and values
Thai consumers feeling the pinch of rising prices and looking for ways to simplify their lives
Younger generations prioritise quality time with their parents
Older generations make sure to follow safety measures before stepping out of their house
Consumers in Thailand conduct thorough investigations on the goods and services they use
Millennials feeling particularly optimistic about the future
Personal traits and values survey highlights
Home life and leisure time
Excluding baby boomers , all generations frequently connect with loved ones virtually
Baby boomers spending the most time online for leisure activities
Outside space is most desired home feature among older generations
Safe location remains major preference for ideal home location
Consumers in Thailand desire a secure place to visit when travelling
Home life and leisure time survey highlights
Eating and dietary habits
Taking vitamins and health supplements preferred method to manage health and wellness
Gen Z admit their culinary abilities are not great
Millennials love snacking when in front of the TV
Older generations more likely to be vegetarian and avoid eating meat or fish
Thai consumers are ready to pay more for products with health and nutritional properties
Eating and dietary habits survey highlights
Working life
Companies that prioritise health and safety remain paramount to all employees
Consumers desire a job that enables a split between work and personal life
Baby boomers less worried about job security compared to all the other generations
Thai workers wish to be their own boss and to work from home
Working life survey highlights
Health and wellness
Respondents like to run or jog
45% of Gen X engage in herbal remedies to reduce stress
Respondents think health and nutritional properties is the most influential product feature
Baby boomers use apps to track health or fitness
Health and wellness survey highlights
Shopping and spending
Thai consumers always on the look out for the best deals
Younger generations often visit stores without making a purchase as they simply browse
Older generations prefer products with easy to read labels for their convenience
Thai consumers committed to purchasing goods that are eco/ethically conscious
Younger generations especially driven to buy brands from purpose-driven companies
While millennials love to, baby boomers least likely to buy something via social media
Consumers in Thailand highly trust friends and family recommendations
Strong intentions by Thai consumers to put more money aside for saving
Younger generations in better position to save a percentage of their salaries
Shopping and spending survey highlights
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