New Zealand's 2024 consumer landscape is shaped by economic pressures, an ageing, diverse population, and rising sustainability values. Inflation drives frugal spending, while multicultural influences reshape demand. Digital engagement and flexible work continue to gain traction, especially among younger generations. Consumers prioritize affordability, sustainability, and convenience, reflecting a pragmatic approach to modern living.
Euromonitor's New Zealand: Consumer Profile report analyses factors influencing national consumer expenditure. Consumer lifestyles reports include coverage of: population, urban development, home ownership, household profiles, labour, income, consumer and family expenditure, health, education, eating habits, drinking habits, shopping habits, personal grooming, clothing, leisure habits, savings and investments, media, communication, transport and travel and tourism. Use this report to understand the factors influencing a nation's lifestyle choices.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Consumer Lifestyles market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Scope
Key findings
Key drivers affecting consumers in New Zealand in 2023
How developments today shape the consumers of tomorrow
Population is ageing while growth is driven by migration
Rising obesity, insufficient physical exercise and health risks highlight lifestyle challenges
Population growth and Generation Z expansion drive demand and infrastructure needs
Population growth in major New Zealand cities signals continuing urbanisation
Opportunities for growth (1)
Traditional family households dominate amid growth in single person homes
Rising house prices drive demand for larger, amenity-rich homes
Older, female-led households expected to dominate by 2040
Already high digital connectivity and device adoption set to reach near-universal levels
Opportunities for growth (2)
Rising inflation impacts consumer spending across essential categories
Millennials most likely and Gen Z least likely to increase spending across all categories
Rising incomes among older adults drive luxury and wellness demand
Rising consumer expenditure driven by housing and education needs
Opportunities for growth (3)
Key findings of the consumer survey
Older generations seek value for money while younger generations prioritise quality
Financial pressures drive New Zealanders towards bargain hunting and private label
Environmental concerns drive eco-conscious, more so for older generations
Generation Z leads in savings while a fifth of population relies on government support
Work-life balance a priority for all generations, while youth leads in salary expectations