Havas has released the 2023 Prosumer report, which has been prepared after polling in over 12,929 people across 30 markets - including Brazil, China, France, India, the United Kingdom, and the United States.
Havas said, Prosumers are today’s leading influencers and market drivers. Beyond their own economic impact, Prosumers are important because they influence the brand choices and consumption behaviours of others. What Prosumers are doing today, mainstream consumers will likely be doing 6 to 18 months from now, as per Havas.
The report says that in 2023, people are fed up. Faced with escalating inflation, economic inequity, an energy crisis exacerbated by the war in Ukraine, shaken faith in the banking system, and fears of a global recession—all atop the introspection and questioning sparked by the “great pause” of the pandemic—more of us are considering a different approach, starting with changes in how we consume.
A more frugal approach to consumption is in the interest of society and the planet. But how feasible is that? And just how far are people prepared to go? Through the report, Havas claims to have identified that frugality is about buying better, reducing waste, cutting back, and becoming more self-sufficient. They have discovered what people are happy to do, what they would never do, and even where they believe governments should step in.
Many people, across the world, are turning toward a lifestyle of more conscious consumption. There is a movement toward consuming less, focusing on minimalism, and embracing the sharing economy. Through our research, we found that 79% of Prosumers – and even 67% of mainstream consumers – believe that they could be happy in a more frugal world. It is even framed as an aspiration.
Trends will always drive behaviour. People strive to have the new and cool thing – but what if that thing isn’t something you’re buying? What if it is a new attitude you’re adopting? 82% of Prosumers say that they admire people who have made the transition to a more frugal lifestyle. With influencers and change-makers taking up the fight against climate change, we could see a shift into an eco-cool era.
While brands can play a much larger role in this new world-order, only 8% of Prosumers believe that they are doing the most that they can to combat climate change. Around 84% believe that large companies are better able to make the changes necessary to combat. So, what can brands do to drive this movement?
The findings show that less is more, evidently. So how can businesses support this shift in people living a more mindful and frugal life, while making the entire experience satisfying and joyful? Going by the Prosumer report, the key findings from India have thrown light on consumer behaviours that precisely reflect the changing paradigm of society:
Anirban Mozumdar, Chief Strategy Officer, Havas Creative India said, “As the world embraces Joyful frugality, the Prosumer Report notes that Indians are ahead of the curve. From cultural belief to an urgent need to preserve the planet in crisis, Indian prosumers want to witness the influence of their contributions and make frugal choices not for the sake of value, but for the greater good. What's even more interesting is their willingness to accept government directives, even if they are hard ones. Prosumers also view brands and companies as the most responsible and capable of making the greatest impact.”
Whether practicing frugality or pursuing a luxurious lifestyle, consumers respond to the same motivations: