Consumer Lifestyles in Chile
Consumer Lifestyles in Chile
Consumer Lifestyles in Chile
June 2023
© Euromonitor
© Euromonitor International
International 2021.
2023. All rights
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CONSUMER LIFESTYLES IN CHILE 33
Scope
This report is part of a series of 4 highly-visual reports covering the 40 markets surveyed in the Consumer Lifestyles offers valuable insights
annual Voice of the Consumer: Lifestyles survey. into key consumer attitudes and current
thinking, and their impact on purchasing and
consumption habits; quantifying behaviours,
Draws together insights from across the Lifestyles survey and
Lifestyles Country Report Series
© Euromonitor International
Contents
Consumer landscape
Working life
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CONSUMER LIFESTYLES IN CHILE 55
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CONSUMER LIFESTYLES IN CHILE 77
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CONSUMER LIFESTYLES IN CHILE 88
I am financially secure Source: Euromonitor Voice of the Consumer: Lifestyles Survey, fielded January – February 2023
0%
Extensively research the Value real world Feel it is Seek curated Value online Feel it is Shop in stores Prefer online
products and services I experiences important to experiences that virtual important to that create virtual
consume experience other are tailored to experiences spend money on engaging experiences to
cultures their tastes experiences experiences real world
experiences
Prefer branded goods to Gen Z Millennials Gen X Baby Boomers
Source: Euromonitor Voice of the Consumer: Lifestyles Survey, fielded January – February 2023
non-branded alternatives
17% of consumers prefer to use a brand or company social media account or website to find
Want to engage with out information on a brand or product. This includes 23% of Gen Z and 20% of Millennials.
brands to influence
product innovation
45% of respondents, including 44% Millennials, say they extensively research the products
and services they consume. Of those that say this, 63% will only buy from companies and
Like to be actively engaged brands they trust completely.
with brands
When considering purchasing products or services, 21% of respondents say they make their
purchasing decisions based on a brand or companies' social and political beliefs.
0% 20% 40% 60% 80%
Chile Global Of the 52% of consumers that said they valued online virtual experiences to real world
experiences, 19% of these said they expected to increase their spending on experiences over
Source: Euromonitor Voice of the Consumer: Lifestyles Survey,
fielded January – February 2023 the next 12 months.
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CONSUMER LIFESTYLES IN CHILE 12
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Gen Z Gen X
▪ Give back to those in need (52%) ▪ Want products and services that are uniquely
▪ Prefer branded goods (33%) tailored to them (37%)
▪ Prioritise time with parents (36%) ▪ Value real world experiences (76%)
▪ Feel they will have less free time in future (30%) ▪ Extensively research products and services they
▪ Feel under constant pressure to get things done consume (45%)
(44%) ▪ Prioritise time for themselves (53%) and with
▪ Say climate change will impact their life more children (62%)
than it does now (42%) ▪ Reducing their meat consumption (35%), and
trying to use less water (61%)
▪ Are willing to spend money to save time (43%) ▪ Prefer living in the real world to participating in
virtual online experiences (75%)
▪ Search for ways to simplify their lives (65%)
▪ Prioritise time for their partner or spouse (47%),
▪ Like to try new products and services (60%) spending time with extended family (19%)
▪ Make their purchasing decisions based on ▪ Expect they will have more free time in the future
brands/companies’ social and political beliefs (58%) and that more of their everyday activities will
(27%) shift to online platforms (25%)
▪ Prioritise time for their favourite activities (26%) ▪ (64%) said they recycle items and (63%) said they use
▪ Try to offset their carbon emissions (20%) sustainable packaging
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Home life and leisure time
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CONSUMER LIFESTYLES IN CHILE 15
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CONSUMER LIFESTYLES IN CHILE 16
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Active households are driving consumers to invest more in their home spaces
Home activities by generation
n = 1,012; % of respondents (at least weekly)
Additional insights on selected home-based activities
Of the 78% of respondents who say they watch TV shows or
movies at home at least weekly, 27% subscribe to online
streaming services (Netflix, Disney Plus, Hulu, etc), 73% are
made up of Gen Z and 83% of Millennials.
Consumers spend a good part of their leisure time engaging with friends online and offline
Frequency of leisure activities Leisure time spent online
n = 1,012; % of respondents n = 1,012; % of respondents (at least weekly)
70%
Socialise with friends in
60%
person
50%
Go shopping for leisure 40%
Take a class or attend a 30%
lecture 20%
10%
Go to a sporting event
0%
Take a day trip Socialise with Take part in Visit or update Engage with Take a virtual Attend virtual Visit an online
friends online online video social metaverse class/attend a events/concerts dating or
gaming networking platforms lecture online matchmaking
Volunteer
sites website or app
Go to a concert or to the Gen Z Millennials Gen X Baby Boomers
theatre Source: Euromonitor Voice of the Consumer: Lifestyles Survey, fielded January – February 2023
Go to the cinema
Go to a museum or art
gallery
0% 50% 100% 55% of respondents said that they socialise with 73% of respondents said they visit or update
At least weekly 1-3 times a month friends in person at least weekly, 17% also said their social networking sites every week, this
Once every few months Rarely they intended to increase their spending on trips includes 75% of Gen Z. 38% of this cohort also
Never
to the cinema, concerts, or the theatre and 18% said they share their data online in order to
Source: Euromonitor Voice of the Consumer: Lifestyles Survey,
fielded January – February 2023 on spending on experiences. receive personalised and targeted offers or deals.
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CONSUMER LIFESTYLES IN CHILE 18
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Ideal home features vary widely among generations, but outside space is popular for all
Most desirable home features by generation Additional insights on ideal home features:
n = 1,012; % of respondents
Outside Space
45% of respondents that live with children aged 0-17 said
Smart Home Functionality outside space is among their ideal home features.
Garage/Indoor Parking
Of the 29% consumers who prioritise energy-efficient
homes, 53% also said they were trying to reduce their
Energy Efficiency
energy consumption by using energy-efficient products.
Minimalistic Design
13% of consumers who said they prefer their homes to
Multifunctional Space
have minimalist design, 55% also said they regularly study
at home.
Sustainable Materials
Among those who desire multifunctional space, 62% said
On-site Fitness they regularly exercised at home, and within this group,
29% rent their homes and 52% own their homes.
Shared Living Space
Outdoor/Street Parking
Of consumers that value smart home functionality, 21%
0% 30% 60%
also said they remotely monitor or control home
appliances every day, and 20% said they feel comfortable
Generation Z Millennials Generation X Baby Boomers sharing their personal data with private companies.
Source: Euromonitor Voice of the Consumer: Lifestyles Survey, fielded January – February 2023
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CONSUMER LIFESTYLES IN CHILE 19
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Demand for domestic leisure trips remain strong as consumers stay closer to home
Most important travel features
n = 1,012; % of respondents
30%
25%
20%
15%
10%
5%
0%
Relaxation Quality of food or All-inclusive Nature and
Immersion in Urban area Family-oriented Arts and heritage Group tours and Able to book
dining at hotels and outdoor activities
local culture or child-friendly activities holiday package
destination resorts Chile Global
Source: Euromonitor Voice of the Consumer: Lifestyles Survey, fielded January – February 2023
Gen Z Gen X
▪ Socialise with friends in person at least weekly ▪ Say they travel with a partner/spouse (70%), and
(30%) (60%) said they travel with their children
▪ Take an online virtual fitness class at least ▪ Say their preferred travel destination feature is
weekly (18%) relaxation (30%), as well as arts and heritage
▪ Study at home at least weekly (55%) (8%)
▪ Say that minimalist design is among their top ▪ Homes near to public transport are a
three ideal home features (19%) preference (46%)
▪ Relaxation is in their top three travel destination ▪ Shop online while at home at least weekly (20%)
features (30%)
▪ Watch TV shows or movies (on TV, computer, ▪ Have a pet living at home (59%) and look for
smartphone, or other device) at least weekly holidays that offer nature and outdoor activities
(82%) (19%)
▪ Exercise (57% do so at least weekly) ▪ Engage in hobbies (60% do hobbies at least
▪ Go shopping for leisure at least monthly (41%) weekly)
▪ Take a day trip at least monthly (25%) ▪ Say they typically travel with their children (41%)
▪ Say that multifunctional space (work-life space) ▪ Cite safe location (68%) and energy efficiency
is among their top three ideal home features (35%) among their top three home priorities
(24%)
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Eating and dietary habits
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CONSUMER LIFESTYLES IN CHILE 23
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Consumers pay more attention to the health benefits of the foods they eat
Relationship with food Of those that actively monitor what they eat in order to manage their weight:
n = 1,012; % of respondents n = 344; % of respondents
80%
I actively monitor what I
eat in order to manage my 60%
weight
40%
20%
0%
I am on diet trying to lose
weight Look for healthy Take vitamins/ Are willing to pay Use an app to track Visit health-related
ingredients in food supplements daily/ more for healthy food my health or fitness at medical sites at least
and beverages almost daily features least weekly weekly
Chile Global
I keep track of the calories Source: Euromonitor Voice of the Consumer: Lifestyles Survey, fielded January – February 2023
in the food that I eat
34% of overall consumers actively 11% of overall consumers, compared
monitor what they eat to manage to 17% globally, seek to reduce their
their weight. 29% of these alcohol consumption. 12% of these
consumers also said they use an app consumers are 60+.
I am diabetic
to track their health.
Lack of time to buy groceries and prepare home-cooked meals impacts meal choices
Barriers to cooking by generation
n = 1,012; % of respondents (at least weekly) Additional insights on cooking habits
Although a large proportion of consumers still prepare and eat
meals at home, 13% would rather spend their time doing things
other than cooking, this includes 19% of Gen Z and 14% of
Millennials. Additionally, 9% of Gen Z and 6% of Millennials said
they typically replace meals with snacks.
Home cooking most regular choice but demand for snacks and restaurant food booming
Eating and snacking habits Food preparation habits
n = 1,012; % of respondents (at least weekly) n = 1,012; % of respondents (at least weekly)
I typically eat snacks at home Cook or bake
I typically eat snacks while Order food for takeaway or pick up ready-
made food to eat at home
watching TV/streaming
Order food for home delivery
Eat at a restaurant
I often snack during the day in
between meals
0% 20% 40% 60% 80% 100%
At least once a day Weekly 1-2 times a month Less than once a month Never
I look for snacks that are
convenient to take and eat Source: Euromonitor Voice of the Consumer: Lifestyles Survey, fielded January – February 2023
outside the home
For several reasons, including the need for more convenient and time-saving
options, 5% of consumers say they sometimes replace typical meals with snacks.
I typically eat snacks while I am at 32% of respondents also say they typically snack while at work and 24% look for
work snacks that are convenient to take with them when they leave home.
As patterns of life continue to change, 28% of consumers say they vary their
I typically eat snacks when I am mealtimes according to their schedules, this includes 32% of Millennials and 37%
on-the-go (eg, on my commute to of Gen Z. Among those who vary their mealtimes, 39% said they feel under
constant pressure to get things done.
work, while out shopping, etc.) 0% 10% 20% 30% 40% 50%
Accommodating busy lifestyles influences consumers’ dining choices: 5% of
Gen Z Millennials Gen X Baby Boomers Chileans say going out to eat at a restaurant is more convenient than cooking for
Source: Euromonitor Voice of the Consumer: Lifestyles Survey,
themselves. In addition, 14% of overall respondents also said they intended to
fielded January – February 2023 increase their visits to restaurants over the next 12 months.
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CONSUMER LIFESTYLES IN CHILE 27
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I am a vegetarian 13% of overall respondents say are Consumers are more focused on improving
allergic or intolerant to certain their diets: 22% of respondents say they
foods. With this in mind, 45% of would pay more for food with additional
respondents say they only buy from health and nutritional benefits.
companies and brands they trust
completely.
I am a vegan
Consumers have been making special efforts to ensure they consume healthy foods. 53% of
respondents say they look for healthy ingredients in food and beverages, while 36% say they
closely read the nutrition labels of food and beverages to help them with their choices of
products.
I am diabetic Chileans are increasingly exploring Consumers are questioning the carbon
0% 10% 20% plant-based foods, and according to footprints generated by the food and
our survey, 11% of respondents, beverages they consume. 14% of
Millennials Gen X Baby Boomers Gen Z say they prefer to buy food that is respondents said they prefer to buy food
Source: Euromonitor Voice of the Consumer: Lifestyles Survey, environmentally conscious or eco- that is locally sourced or manufactured.
fielded January – February 2023 friendly.
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CONSUMER LIFESTYLES IN CHILE 28
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Consumers are more likely to pay more for foods that provide health and nutritional benefits
Willingness to pay more for food features by generation Among overall respondents:
n = 1,012; % of respondents
Superior taste
8% also tend to choose travel destinations where food is of
superior quality
Health and nutritional
properties (e.g. omega-3)
81% also look for healthy Ingredients in foods and beverages
Strong or well-known brand
43% prefer branded goods to non-branded alternatives
Environmentally conscious
or eco-friendly
60% also say buying eco-conscious products makes them feel
good
Premium or gourmet
41% say they would rather buy fewer, but higher quality things
Ready to cook
Gen Z Gen X
▪ Typically eat snacks at home (39%) ▪ Say they eat meals at the same time each
▪ Say their typical mealtimes vary day to day day (52%), and that their typical mealtimes
depending on their schedule (37%) varied from day to day according to their
schedule (23%)
▪ Typically eat snacks while watching TV/
streaming video content (35%) ▪ Cite living alone and not wanting to cook for
themselves as a barrier to cooking (3%)
▪ Someone else in their household typically
cooks for them (32%) ▪ Say that "health and nutritional properties"
is an influential food and beverage product
▪ Regularly reheat or prepare a ready meal
feature (32%), and pay more for fair trade
(31%)
food and beverages (15%)
▪ Look for healthy ingredients in food and ▪ Say they eat meals at the same time each
beverages (55%) day (59%), and that they typically snack at
▪ Snack during the day in between meals home (8%)
(27%) ▪ Cite living alone and not wanting to cook for
▪ Order food for takeaway or pick up ready- themselves as a barrier to cooking (9%)
made food to eat at home at least weekly ▪ Say they are diabetic (14%)
(21%) ▪ Typically eat snacks at home (46%)
▪ Eat at a restaurant at least weekly (15%)
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Working life
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CONSUMER LIFESTYLES IN CHILE 31
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Working life
Reflecting continuing changes in the contemporary workplace,
many workers, especially younger workers, are now expressing new
employment expectations. 39% of respondents, including 42% of
Millennials, say they expect to be able to work from home in future,
while 40% say they expect to be able to have flexible start/finish
times. Many of these modern workers are now focusing more on
finding time for those out-of-work activities that satisfy their strong
personal and/or family goals: 46% say it is important to have a job
that allows for a strong work-life balance.
At the same time, ongoing economic uncertainty and volatile job
markets compel many workers to continue to strive to achieve a
range of more traditional career objectives: 41% say it is a priority
to have job security and 40% say it is important to earn a high
salary. This includes 38% of Gen Z.
Many in the workforce have a strong entrepreneurial streak. 27%
say they expect to start their own company in future and 31% say
they expect to be self-employed. Some value the self-sufficiency
provided by other non-traditional employment tracks: 16% say they
expect to work on a contract or freelance basis in future, with 15%
having more than one job.
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Expectations of high levels of employee health and safety apparent across generations
Work priorities by generation
n = 1,009, % of total respondents
Of overall respondents that ranked prioritising health and safety at
work in their top three priorities:
80% take health and safety precautions when they leave home
19% donate to non-profits and charities supporting the environment
65% feel they can make a difference to the world through their
choices and actions
Among those that place working for themselves among their top
three priorities:
24% want to work where they feel comfortable expressing their
▪ To receive workplace benefits such as free food or time or space to play video games identity
▪ To work for a company that takes ethical and social responsibilities seriously 22% are actively involved in political and social issues
▪ To have responsibility and challenging work 42% say being active in a community is important for them
▪ To work for a company that prioritises employee health and safety
▪ To work with people like me
▪ Feel comfortable expressing their identity
Source: Euromonitor Voice of the Consumer: Lifestyles Survey, fielded January – February 2023
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CONSUMER LIFESTYLES IN CHILE 33
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Conditions that allow for a strong work-life balance are important for many
Desire for flexible working conditions Work priorities
n = 1,009, % of respondents n = 1,009, % of respondents by parent status
To have a job that allows for a strong
work or life balance
To have a job that allows for
a strong work or life balance To work close to home
0% 20% 40% 60% Although work-life balance Among respondents who prioritise
Chile Global is a high priority, only 45% say they working from home, 56% report
have a strict boundary between working from home at least once a
Source: Euromonitor Voice of the Consumer: Lifestyles Survey,
fielded January – February 2023 their work and personal life. week.
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CONSUMER LIFESTYLES IN CHILE 34
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Many see their future working lives fitting more easily around their lifestyles
Expectations of future work life Expectations of future work life by generation
n = 933, % of total respondents n = 933, % of total respondents
Have flexible start and finish times 50%
40%
Work from home 30%
Be self-employed 20%
10%
Start my own company
0%
Work part-time Have flexible start Start my own Work from home Be self-employed Work part-time
Work past the typical retirement and finish times company
age Generation Z Millennials Generation X Baby Boomers
Work abroad in a different country Source: Euromonitor Voice of the Consumer: Lifestyles Survey, fielded January – February 2023
Work on contract or freelance 44% of female respondents expect Of those that expect to retire before
Have more than one job at the to work from home in the future, the typical retirement age, 15% also
same time
Retire before the typical retirement compared to 34% of males. 44% of say they will quit the labour market
age females also look forward to having to care for dependents.
Study or train to advance in my
current career flexible start and finish times as well.
Change industries
Leave the workforce to stay home 56% of Baby Boomers expect to Among respondents who say they
and care for dependents work past the typical retirement expect to work in a different
Study or train for a different career age, 24% say they expect to work industry in future, 17% say they will
part-time and 16% said they expect study or train for a different career,
0% 20% 40% 60%
to work on contract or freelance 31% expect to start their own
Chile Global basis. company, and 32% to be self-
Source: Euromonitor Voice of the Consumer: Lifestyles Survey, employed.
fielded January – February 2023
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CONSUMER LIFESTYLES IN CHILE 36
Gen Z Gen X
▪ Say they want to work with people like ▪ Prioritise a job that allows for a strong
them (17%) work-life balance (51%), and provides job
▪ Expect to earn a high salary (38%) security (49%)
▪ Expect to have more than one job at the ▪ Want to work for a company that prioritises
same time in the future (16%) employee health and safety (31%)
▪ Prioritise having the opportunity to work or ▪ Want to work for a good manager (10%)
travel abroad (15%) ▪ Expect to work from home in the future
▪ Say they expect to receive good training (42%)
(19%)
▪ Expect to have flexible start and finish times ▪ Expect to work past the typical retirement
in the future (40%) age (56%)
▪ Say they have a strict boundary between ▪ Expect to work part-time in future (24%)
their work (or school) and personal life (47%) ▪ Want a job in future where they can work
▪ Say they prefer to be in charge and lead close to home (33%)
others (46%)
▪ 42% want to have job security
▪ Say they want to work for a company that
takes ethical and social responsibilities
seriously (15%)
© Euromonitor International
Health and wellness
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CONSUMER LIFESTYLES IN CHILE 38
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CONSUMER LIFESTYLES IN CHILE 39
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A high percentage of consumers use exercise to maintain their health and wellness
Frequency of exercise routines Frequency of health-related habits
n = 688, % of total respondents n = 1,012, % of total respondents
Exercise
Cycle or ride a bike
Participation in stress-reduction activities
▪ Meditation ▪ Sleep aids Consumers are becoming more aware of the benefits of being
▪ Massage ▪ Spa visit physically active. 51% of respondents said they engage in
▪ Yoga ▪ Participate in physical activity
▪ Herbal remedies (eg lavender, ▪ Therapy or counselling physical activities at least weekly. 48% of respondents said
chamomile tea) they felt they would be healthier in future than they are now.
Source: Euromonitor Voice of the Consumer: Lifestyles Survey, fielded January – February 2023
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CONSUMER LIFESTYLES IN CHILE 41
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Consumers look for food attributes that they feel will benefit their health
Influential product features for healthy food and drinks
n = 1,012, % of total respondents
100% organic
Consumers continue to adopt technology solutions to manage their health and fitness
Use of technology to support health Additional insights on tech-based health attitudes
n = 358, % of respondents
Gen Z Gen X
▪ Regularly participate in intensive physical ▪ Regularly walk or hike for exercise (57%)
activities (31%) ▪ Actively monitor what they eat to control
▪ Are cutting back on consumption of meat their weight (33%)
(24%) ▪ Say that non-GMO is an influential food
▪ Participate in stress-reduction activities at feature (15%)
least weekly (20%) ▪ Say that they define organic products as
▪ Use meditation to reduce stress (60%), use chemical free (63%), respecting animal
herbal remedies (56%) and practise yoga welfare (55%) and not containing artificial
(52%) additives (54%)
© Euromonitor International
Shopping and spending
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CONSUMER LIFESTYLES IN CHILE 45
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CONSUMER LIFESTYLES IN CHILE 46
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0% 20% 40% 60% 74% of Chilean consumers said they feel that the cost of everyday items they buy is
going up. Of those that agree with this statement, 17% said they buy more items or
Chile Global
shop more often at stores or websites where they have a loyalty card/ membership
Source: Euromonitor Voice of the Consumer: Lifestyles Survey,
fielded January – February 2023 or a store credit card.
© Euromonitor International
CONSUMER LIFESTYLES IN CHILE 47
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CONSUMER LIFESTYLES IN CHILE 48
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38% say they are willing to pay more for high quality
Don't mind buying items that will not last for apparel and footwear and 45% for high quality home care
a long time if they are inexpensive products.
0% 10% 20% 30% 40% 50%
Generation Z Millennials
Generation X Baby Boomers 59% say they look for good value when buying clothing and
footwear.
Source: Euromonitor Voice of the Consumer: Lifestyles Survey, fielded January – February 2023
© Euromonitor International
CONSUMER LIFESTYLES IN CHILE 49
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36% said they enjoy spending their money, rather than save it.
Look for personalised and tailored
shopping experiences
53% said they want products and services that are uniquely
tailored to them.
Seek niche brands that are hard-to-find or
unique
Consumers are becoming more mindful of the impact of their purchasing habits
Conscious shopping attitudes and behaviours by generation
n = 1,012, % of respondents Additional insights from shopping habits
Consumers embrace the circular economy and support brands that share their values
Frequency of circular buying and selling habits Ethical shopping habits by generation
n = 1,012, % of respondents n = 633, % of respondents
Buy second-hand/previously-owned products
Sell used or second-hand
items Buy sustainably-produced items
Rent items, rather than Consumers in Chile buy used or Of those that say they buy
buy second-hand items at a lower sustainably produced goods, 22% are
rate than the global average, willing to pay more for
0% 50% 100% with 12% buying pre-loved items environmentally/ ethically conscious
at least monthly, compared to home care products, and 20% for
At least weekly 1-3 times a month
Once every few months 1-2 times a year
15% globally. Women are more apparel and footwear, and 15% for
Rarely Never likely than men to buy second- environmentally conscious or eco-
hand items (13% vs 12%). friendly food.
Source: Euromonitor Voice of the Consumer: Lifestyles Survey,
fielded January – February 2023
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CONSUMER LIFESTYLES IN CHILE 52
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Consumers engaging more with companies and brands through social media channels
Shopping attitudes by generation
n = 1,012, % of respondents Additional insights from shopping attitudes
Write a review for a product or service at least monthly
Among the 26% of respondents who say they
like to be actively engaged with brands,
“Follow” or “like” a company’s social media feed or post 80% of Baby boomers reported wanting to
engage with brands to influence product
innovation.
Buy something via a social media platform
Receive a thank you discount or offer for referring someone 22% of overall respondents say they provide
via social media to do business with the company feedback on a product or service via a social
media post. Among those that provide
Provide feedback on a product or service to a company via a feedback, 50% write an online review for a
social media post product or service (at least monthly).
Data privacy is a concern, but technology is key to enhancing the shopper journey
Use of tech to enhance or simplify the shopping Attitudes to technology
experience (at least weekly) n = 1,012, % of respondents
n = 1,012, % of respondents 60%
Use a price comparison 50%
website
40%
30%
20%
Read consumer reviews 10%
online
0%
Actively manage Feel that Share data in Prefer to Feel comfortable Freely share Feel comfortable
data sharing and targeted ads order to receive communicate sharing personal personal sharing personal
privacy settings based on online personalised online rather data with information data with private
according to my searches and and targeted than face to face government online companies
preferences purchase history offers/deals or by phone institutions
Buy an item online invade privacy
Chile Global
Source: Euromonitor Voice of the Consumer: Lifestyles Survey, fielded January – February 2023
Use AR or VR to enhance a
shopping experience
0% 20% 40% 60%
Gen Z Millennials Of those that say they buy something online at Over the previous 12 months, 30% of respondents
Gen X Baby Boomers least weekly, 36% say the reason they shop online reported buying beauty, personal and health
Source: Euromonitor Voice of the Consumer: Lifestyles Survey, is to get the best price, and 33% said it was for the care items online and 40% said they had bought
fielded January – February 2023 offer of free delivery. apparel, footwear and personal accessories.
© Euromonitor International
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Consumers are focusing their attention on spending on essentials and trying to save more
Future spending intentions Intentions to increase savings and spending by generation
n = 719, % of respondents n = 944, % of respondents
Education
Overall spending
Travel or Holidays
0% 10% 20% 30% 40% 50% 60% 70% 80%
Medical costs Gen Z Millennials Gen X Baby Boomers
Source: Euromonitor Voice of the Consumer: Lifestyles Survey, fielded January – February 2023
Novelty experiences
25% of respondents, including 38% of
Housing or accomodation 51% of consumers, including 67% of
Gen Z, expect to increase their spending
Gen Z, expect to increase their savings
on education over the next 12 months.
New technology over the next 12 months, overall, only
Among these consumers, 13% say they
54% expect to decrease their spending
expect to study or train to advance
Groceries on overall purchases of products
their career or to change their career in
and services over the same period.
future.
Transportation
24% of consumers (32% of Gen Z) Consumers continue to spend more on
Clothing and footwear intend to increase their spending on essential items. 16% of consumers
travel/holiday over the next 12 months. expect to increase spending
0% 50% 100% Despite economic challenges, taking on groceries and 17% expect to
Increase Stay the same Decrease time to recharge and create memories increase spending on housing or
Source: Euromonitor Voice of the Consumer: Lifestyles Survey, is considered vital for many. accommodation.
fielded January – February 2023
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I'm buying more private label I have bought more own brands I try to take advantage of special
brand products for those than before, and in product offers more, and even buy in
categories where there is less categories where I previously advance if I know that the product
differentiation between products bought only established brands, is not going to expire and it is
such as frozen foods, packaged something that I constantly use,
foods, and home care products since inflation will probably make
it cost more in the coming months
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Gen Z Gen X
▪ Buy used or second-hand items (61%) ▪ Say that best price is an online shopping
motivator (51%), along with free
▪ Expect to be increasing their savings over the shipping (34%), immediate purchase
next 12 months (67%) (32%)
▪ Like to find bargains (43%) ▪ Seek private label or low-cost products
▪ Rent items, rather than buy (21%), like to (21%)
browse stores even though they don't need ▪ Have more debt than savings (27%)
to buy anything (34%)
▪ Have trust in advertisements from a
company/brand (48%)
▪ Trust friends and family recommendations ▪ Seek value for money when buying
(76%), as well as independent consumer apparel and personal accessories (68%)
reviews (67%) ▪ Seeing and trying before they buy as an
▪ Sell used second-hand items (53%), share/ in-store shopping motivator (58%)
swap items or services (43%) ▪ Try to shop in locally-owned stores (26%)
▪ Look for personalised and tailored shopping ▪ Repair their items instead of purchasing
experiences (35%) new ones (43%)
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