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Out-of-home experiences TrendSights Analysis forecast to 2022 explored in latest research

A new research document with title 'TrendSights Analysis: Cocooning - Bringing out-of-home experiences into the comfort of the home’ covering detailed analysis, Competitive landscape, forecast and strategies. The report will help user gain market insights, future trends and growth prospects for forecast period of 2017-22

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TrendSights Analysis: Cocooning - Bringing out-of-home experiences into the comfort of the home

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Cocooning reflects consumers' need to stay at home and revert to more conventional methods of performing tasks, such as cooking from scratch. This sentiment is highly aspirational, particularly among consumers leading busy lifestyles who do not have the time to retire to the comfort of their own homes as much as they would like.

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Consumers are now finding it much easier to recreate traditional out-of-home experiences in the comfort of their own homes amid the proliferation of products offering ""professional quality"" and ""consumer experiences"" more commonly associated with out-of-home channels. Many of these running themes provide social currency in the form of ""status skills"" gained from using professional-grade products.

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- Millennials are most likely to adopt new technologies that can support and enhance product consumption at home.

- Millennials and female consumers have greater financial worries than average, and are thus opting to stay home to save money.

Reasons to access

- Identify the reasons underpinning consumers' choice to spend more time at home and how this need affects their purchasing choices.

- Gain insight into the key consumer segments that are most likely to be a driver for innovation.

- Put innovative products into context by connecting them to specific consumer trends and preferences.

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