Daily Necessities Market Research Reports

Clothing, food products, personal care products and other such products play a vital role in fulfilling the daily necessities of the final consumer. The daily necessities market consists of diverse option and the customer can choose the product he desires as per his need and money power. 

The diverse sectors in the daily necessities industry keeps on fluctuating depending upon the customers demand as well as preference. A change in the demand and preference of customers leads to deeper understanding of the market trends.

Today cosmetics are no longer a luxury; it has become more of a daily necessity. Currently, not only women but also men are increasingly buying facial and body care products. Currently about 87% of the India population buy cosmetic products. A cup of tea, a dependable best friend and a fast internet connection are a few bare necessities of a modern life. Today a few things Indians cannot live without include a television, a smart phone and a car. People have admitted that though they have a very expensive smart phone they have no idea how to make maximum use of it and the same goes for a car. Today people cannot live without their television, smart phone or car and about 77% of Indians claim every material item is replaceable.

Indians have confessed that the bare necessities in their lives has changed as they have got older and 33% of the people have claimed that they could not function without a  smart phone, a laptop and social networking while 66% find it frustrating. The top bare necessities for an Indian consumer would be internet connection which is followed by television. Among the basic necessities of life the share of household expenditure is the largest which accounts for about 32%.

The overall consumer prices have been increasing by 4.3 per cent every year. As there has been a steady rise in the demand of these daily necessities there has also been a steady increase in the imports. The Consumer Price Index (CPI) has been increasing drastically mainly because of the increase in the prices of food and housing. Hence, every year the rate of inflation has been rising. Though there has been a tremendous rise in the rate of inflation the demand of these products have not decreased. It has been predicted that id this trend goes on, we cannot expect a decrease in the rate of inflation.

Jan-18 | Qy Research | Home Daily

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Jan-18 | Qy Research | Home Daily

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Jan-18 | Qy Research | Home Daily

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Jan-18 | Qy Research | Home Daily

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Jan-18 | Qy Research | Home Daily

The 'Global Synchronization cloud TV Industry, 2012-2022 Market Research Report' is a professional and in-depth study on the current state of the global Synchronization cloud TV industry with a focus on the Chinese market. The report provides key statistics on the market status of the Synchron...
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