4 Top Trends in the Luxury Market


Affluent consumers in the U.S. have played a critical role in the world of luxury brands. With 11.53 million millionaires in the U.S. in 2013, the American luxury market is considered the largest across the globe. But, while these consumers may appear affluent, they don’t always feel that way.

In the past few years, affluent consumers have shifted their spending habits to align with how they feel about their wealth, and not what the numbers show on their income statements. American’s new attitudes toward wealth and affluence have disrupted the traditional model for luxury marketing in the U.S.

Topics: Retail Demographics Marketing

The Dating Services Industry in 2016 and Beyond

One of the world’s oldest professions is matchmaking, and given the role of technology in today’s world, it’s no surprise that the industry is booming. With an explosion of new websites and apps, the dating services industry has performed very well in the past five years and is continuing to grow as today's singles turn to the Internet for help finding love.

Read on to discover insights into the market for dating services and what the future holds for this industry.

Topics: Travel & Leisure Retail E-commerce & IT Outsourcing Industry Insights

Challenges Market Researchers Face Today

Corporations are hungry to know more and more about consumers, but gathering the right blend of data and analysis — in a time-efficient manner while also managing costs — is becoming ever more complex.

When asked to identify the biggest challenges in her day-to-day work, Tracy Paukstys, Senior Director of Client Development at Insights in Marketing, replied that “Clients are tasked with getting richer and more impactful consumer insights despite often more restrictive budgets and timing.” She noted that this “seems to be the norm more than the exception.”

Topics: Market Research Strategy Big Data

11 Top Social Science and Humanities Publishers

Social science and humanities (SSH) publishing encompasses a broad range of subject areas, from anthropology and religion to music and philosophy. Types of media include print and electronic books and journals, as well as online services and databases.

Topics: Education Media Simba Information

The Market for Aseptic Packaging

Have you heard of aseptic packaging? It’s a type of packaging where the contents and the container are commercially sterilized separately and are then combined in a sterile environment.

The $4.6 billion aseptic packaging market accounted for three percent of US packaging in 2015. In unit terms, demand is expected to expand 3.7 percent annually to 68.5 billion in 2020. Read on to learn more about this growing market.

Topics: Food & Beverage Manufacturing & Construction Pharmaceuticals The Freedonia Group

The New Face of Market Research: Human Analytics

Where would Wheaties be without Michael Jordan? Taco Bell without Gidget, the talking Chihuahua? Or even the “Can you hear me now?” guy from Verizon Wireless? These spokespeople are iconic. They have helped brands personify themselves, leaving lasting and memorable impressions on their target consumers. So, what do a sports legend, a Spanish speaking dog and a tech nerd with glasses have in common? Likeability.

Topics: Market Research Strategy Marketing

How E-Commerce Is Revolutionizing Retail, Travel, and Entertainment

Jack W. Plunkett, CEO of Plunkett Research, Ltd, highlights several e-commerce trends that are transforming retail, travel, entertainment, and communication.

Topics: Travel & Leisure Retail E-commerce & IT Outsourcing Media Industry Insights

Market Research Budget 101: An Entrepreneur’s Guide

Once you have found that great idea for your business, it’s crucial to determine whether your product or service can meet the needs of your target customers and achieve sustained growth. Big brand companies have the resources to spend millions of dollars on research and development every year, but start-ups and small businesses have much tighter budgets.

Fortunately, with a strategic approach and the right tools and resources, you can obtain the market research you need to minimize risk and increase your chances of financial success. Follow these tips to make the most of your start-up research budget.

Topics: Market Research Strategy Profound How To's

Market Opportunities for Next Generation Refractories

Refractories are key production components that are integral to the recovery of America’s manufacturing sector. In the short term, the $2.6 billion refractory industry will face significant challenges as its largest market, iron and steel production, slows. In the US, sales of refractories used in iron and steel production will be weakened by the decline in the production of fracking-related steel pipe, while on a global scale, refractory suppliers will experience more limited sales opportunities as China idles 100-150 million tons of steel capacity by 2020 — an amount larger than the entire US output. To combat these issues, refractory manufacturers are adopting new strategies.

Topics: Manufacturing & Construction Heavy Industry The Freedonia Group

7 Ways to Ensure Your Start-Up Is a Success

Prior to launching in 2000, JetBlue identified a variety of unmet consumer needs. Its market analysis showed that airline passengers were willing to pass on hot meals and first-class cabins in favor of in-flight entertainment and upgraded leather seating.

JetBlue understood that its target customers were looking for more than cheap tickets — they also wanted a relaxing in-flight experience and a few unique amenities. With a mission to “bring humanity back to air travel,” JetBlue soon drew a loyal following of customers. Less than two years after it opened for business, JetBlue was one of the few U.S. airlines to make a profit during the steep drop in air travel following the September 11 attacks.

Topics: Market Research Strategy Profound How To's