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Urban netizens prioritise health and wellbeing with cutbacks on other spends in inflationary times: Ipsos

by MN4U Bureau
May 12, 2023
in Featured, Analysis
Reading Time: 3 mins read
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Gen Z is different from how it is perceived when it comes to money matters: Ipsos India
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Urban netizens in India are prioritising health and wellbeing with a host of actions, as 8 in 10 consumers (80 pc) claim choosing high quality food products with cutbacks on other discretionary spends, as inflation impacts their lives. 46 pc global citizens claimed to be doing the same. 

Turning Health Conscious

Urban Indians are consciously taking measures to stay healthy (both physically and mentally). By eating healthy nutrious food (56 pc), exercising regularly (52 pc), yoga or stretching (44 pc), buying natural/ organic foods (37 pc), following a routine including sleep schedule (34 pc) etc. Global citizens claim to be exercising regularly (44 pc), eating nutritious food (41 pc), following a routine, including sleep schedule (29 pc) and do yoga and stretching (16 pc), among others. 

88 pc of Indian urban netizens claim to be buying products and services that help support their physical and mental wellbeing. 3 in 4 global citizens (75 pc) too claimed to be making similar healthy choices in their purchase decisions.     

Almost 9 in 10 Indian urban netizens (88 pc) claimed to be consuming healthy foods – proactively managing their health and wellness through their food and beverage choices. 3 in 4 global citizens polled (74 pc) echoed similar views, by consuming healthy foods and beverages.

These are some of the findings of the Ipsos Essentials, April 2023 wave, the monthly comprehesive syndicated survey that monitors how people across the globe navigate the new rules of engagement and the resulting impact on their state of mind, state of wallet and future intentions. Each month Ipsos surveys consumers in 15 countries including Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, South Africa, South Korea, Spain, the UK and the US. 

Archana Gupta
Archana Gupta

“Urban netizens in India are making healthy food choices and even shelling out more for high quality food products at the cost of trimming their budgets on discretionary spends, in times of inflation. They are also adopting healthier lifestyles by eating nutrious foods, exercising, following routines and sleep schedule,” said, Archana Gupta, Country Service Line Leader, Market Strategy & Understanding (MSU), Ipsos India.    

Global citizens, including Indians are backtracking on plans for bigger purchases this year. 

Global citizens, including Indians want to travel, even venture out of the country, shows Ipsos Essentials (details by countries, available in the full report).     

Top Concerns of Global Citizens

Ipsos Essentials highlighted these top concerns emerging in the 15 markets covered (including India). Inflation sits at the top, followed by personal financial concerns.   

Mingfeng, a millennial from China, said, “My health definitely depends on my finances. My body and mind are more at ease when I earn more.”

Krishnendu Dutta
Krishnendu Dutta

Summarising on the findings, Krishnendu Dutta, Practice Lead for Innovation, Understanding and Strategy3, Ipsos India, said, “We run Ipsos Essentials every month. It bridges the gap between consumers and marketers, enabling marketers to be cognizant of consumer behavior, expectations and spending trends. With inflationary pressures, there is some expected balancing of spending that is happening. While there are fewer compromises on products which promote Health and Wellbeing, there is some postponing of big ticket purchases. Interestingly, there are fewer compromises on experiential spends like Travel.”      

Feedback: [email protected]

Tags: Archana GuptaIpsosIpsos IndiaKrishnendu Dutta

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