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Snapshot of Consumer Behaviors of July 2022-EOLiSurvey (EN)

Eastern Online-iSURVEY
23. Aug 2022
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Snapshot of Consumer Behaviors of July 2022-EOLiSurvey (EN)

  1. of TW Consumer Behaviors of July 2022 Snapshot Released on Aug. 9, 2022 Eastern Online Consumer Research Group Eastern Online Co., Ltd. | 7F, No.306, Sec. 4, Xinyi Rd., Daan Dist., Taipei City 1. Survey of Consumer Actions Affected by Inflation 2. Survey of Viewing behavior in Short Videos and Live Streaming 3. Tracking Survey to Consumer Behaviors • Utilization survey to new consumer behaviors • Rankings of hot topic types among consumers 2022 Consumer Sustainability Index Conference on Wed. 9/14 【Welcome to register】
  2. Agenda 2 1. Survey of Consumer Actions Affected by Inflation 2. Survey of Viewing behavior in Short Videos and Live Streaming 3. Tracking Survey to Consumer Behaviors • Utilization survey to new consumer behaviors • Rankings of hot topic types among consumers EOL Monthly Survey: N=1,000, Ages 20-59; Source: EOLembrain Online Member Survey (Conducted in Jul. 2022) © Eastern Online Co., Ltd.
  3. Survey: Consumer Actions Affected by Inflation PART 1 Eastern Online Consumer Research Group Eastern Online Co., Ltd. | 7F, No.306, Sec. 4, Xinyi Rd., Daan Dist., Taipei City
  4. • Consumer desire has declined in the past four months: According to the data from 2022E-ICP Trend Seminar, consumers have felt prices rising since since mid-2021. Due to various factors such as financial system controls and the Russo-Ukrainian War, consumers have declined their desire to purchase from April to July 2022. • Consumers are still proactively discussing the discount: But the desire to purchase is not as low as it was in the early stage of the epidemic in 2020, and consumers remain constant behavior of discussing discounts. It shows that even if they are impacted by price increases, consumers are still looking carefully at the discounts, whether they hope to purchase, or search for other adaptive strategies to cope with price increases. 4 Consumers decreasing desire to shop for 4 consecutive months while still paying attention to discounts EOL Monthly Survey: N=1,000, Ages 20-59; Source: EOLembrain Online Member Survey (Conducted in Jul. 2022) © Eastern Online Co., Ltd. 1 0% 10% 20% 30% 40% 50% 44 46 48 50 52 54 56 58 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 2019 2020 2021 2022 Shopping desire score mentioned discount-related topic w/ friends (%)
  5. • Consumers will adjust the behavior of eating out three meals: Among the expenditure items in the catering category, eating out three meals a day is the most strongly impacted, more than 70% of consumers change their behavior; dining with friends is also affected. • The change in personal care products and hygiene products is small: Among essential expenditures, the least impacted products is routine cleaning products, whether it’s toilet papers or personal care products, about 40% are affected. 5 74% of consumers will change their consumption behavior of eating out three meals due to inflation 60% 74% 55% 70% 57% 50% 42% 46% 66% 50% 62% Ingredients for home-cooked daily meals daily meals from takeaway Food delivery platform Dining with friends Plan a dinner or birthday party with friends Alcohols Hygiene products(tissue, sanitary pad, etc.) Personal care products (body/hair/face) Casual wear Formal dress/Business attire Leisure travel Items that affect changes in purchase behavior due to rising inflation prices (%) Q.【In the past month】, how did you adjust your buying behavior with the following items due to rising prices? (Buy less frequently, buy less, change the habitual brands, change the habitual product type, no change (exclusive)) EOL Monthly Survey: N=1,000, Ages 20-59; Source: EOLembrain Online Member Survey (Conducted in Jul. 2022) © Eastern Online Co., Ltd. 2
  6. • Consumers will reduce the frequency of dining with friends, taking out three meals, and travel: Consumers reduce the frequency of purchases to cope with rising price. And the way consumers can self control around food bears the burnt, including dining together and take-out. Consumers have lower frequency to buy casual clothing than formal clothing; traveling is also a significant decrease. • Brands pay attention to changes in the market; in addition to the reduce the frequency and quantity of purchases, about 10% of the consumers have changed their habitual brands of hygiene and personal care products, which is higher than other items, according to the data. 6 Dining with friends, daily meals and leisure travel are the most influenced by the inflation 9% 6% 7% 5% 5% 11% 12% 6% 5% 5% daily meals from takeaway Food delivery platform Dining with friends Plan a dinner or birthday party with friends Alcohols Hygiene products(tissue, sanitary pad, etc.) Personal care products (body/hair/face) Casual wear Formal dress/Business attire Leisure travel To changer your habitual brands/stores to cope with rising inflation prices (%) 18% 35% 27% 39% 27% 21% 12% 13% 31% 22% 32% Ingredients for home-cooked daily meals daily meals from takeaway Food delivery platform Dining with friends Plan a dinner or birthday party with friends Alcohols Hygiene products(tissue, sanitary pad, etc.) Personal care products (body/hair/face) Casual wear Formal dress/Business attire Leisure travel To reduce the frequency of purchases to cope with rising inflation prices (%) EOL Monthly Survey: N=1,000, Ages 20-59; Source: EOLembrain Online Member Survey (Conducted in Jul. 2022) © Eastern Online Co., Ltd. 3
  7. 東方線上消費者研究集團 /行銷部 東方線上股份有限公司,台北市大安區信義路四段306號7樓 Survey : Viewing behavior in Short Videos and Live Streaming PART 2
  8. TikTok is on the rise during the OMICRON pandemic. 8 • Short-formed video (less than 5 mins) first entered Taiwan in 2018-2019 due to TikTok, which set off a craze. But with the changing development strategy, the market share of watching videos has dropped to around 20%. It has became a remedy for consumers to relieve stress until some escalating periods of the covid-19 pandemic in 2021 and 2022. • In the meantime, short-form videos are keeping booming around the world, as platforms like TikTok, Instagram Reels, YouTube Shorts, LINE VOOM, has launched a new feature for their short-form video product, all of them are trying to meet consumers’needs for short and light content; furthermore, Little Red Book (Xiaohongshu) comes with tremendous force, providing text descriptions and videos, also captures 7% of the market share. 7% Used Xiaohongshu EOL Monthly Survey: N=1,000, Ages 20-59; Source: EOLembrain Online Member Survey (Conducted in Jul. 2022) © Eastern Online Co., Ltd. 1 28% 22% 19% 26% 20% 17% 20%19% 20% 19% 20% 22% 20% 16% 18% 16% 18% 14% 17% 18% 19% 18%18% 19%19%18%18% 23% 20%19% 23% 19%19%19% 17% 21% 24% 25% 26% 23% Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 2019 2020 2021 2022
  9. More than 95% have watched short-form videos, the most popular content categories are travel and food 9 • For all consumers (20-59 years), the top 3 most viewed short videos in the past month are travel & food, life hack tips and funny content. • Looking at the preferences by age group, there are some differences: in addition to each group’s top 2 are the same, consumers aged 40-59 years old focus more on weather news, which is 8% higher than the whole group. For consumers aged under 39 years old, the top 1 is travel & food, the second is the funny content. The chart below shows the content categories with 3% difference compared with the whole group’s preferences. It is including MV music, news, stock finance, games, animation, etc. 48% 41% 37% 32% 30% 29% 27% 27% 25% 24% 24% 23% 22% 18% 17% 15% 15% 10% 4% 41% 36% 40% 34% 21% 24% 21% 25% 22% 18% 13% 54% 45% 25% 37% 30% 24% 27% 11% 12% 12% 6% Travel and food Life hack tips Funny content Professional knowledge Music Video News and weather Social Issues TV show Unboxing Lifestyle Stock finance Pets TV series Games Animation/cos play Celebrity/Topic interviews Makeup/ Fashion Singing challenges None of the Above Short video content you’ve watched in the past month*(Choose all that apply) All(N=1,000) 20-39y(N=500) 40-59y(N=500) **The categories are only listed with the content over 10% of all consumers have watched; they are only marked with a difference of 3% from the whole group. Q: 【In the past month】, have you ever watched any of the following types of short-form videos? *Including 3-5 minutes of video, watching on computers, laptops, mobile phones, and tablets (multiple answers) EOL Monthly Survey: N=1,000, Ages 20-59; Source: EOLembrain Online Member Survey (Conducted in Jul. 2022) © Eastern Online Co., Ltd. 2
  10. More than 60% of consumers will turn on the live chat 10 • The comments from the viewers capture people’s attention: for consumers who watched a livestream last month, more than 60% notice the pop-ups/responses. And, they pay particular attention to watch other viewers‘ comments. It shows that watching a livestream is not just the interaction between the viewers and the streamers, but also exchanging opinions with other viewers. • When watching live streams, more than 50% of the consumers aged 40-59 years old prefer to ”lurk“ rather than give a response, more than 30% of them mainly click the like button to show support. 36% 15% 11% 21% 35% 40% 17% 13% 19% 32% 31% 12% 9% 23% 38% Other viewer‘s comments Organizer/Streamer’s comments Co-streamer’s comments I don't turn on live chat and pop-ups I’ve not watched a live stream in the past month. Contents will be noticed when watching the live streaming(Choose all that apply) All (N=1000) 20-39y (n=500) 40-59y (n=500) 35% 21% 15% 11% 6% 4% 49% 35% 29% 20% 10% 7% 4% 45% 35% 14% 11% 12% 4% 3% 54% Click the like button to show… Follow the streamer Pop up/ leave a comment Buy the merchandise of… To be a patron/ donator Participate an offline activity None of the above Which of the following behaviors you’d do while watching a live stream? (Choose all that apply) (N=1000) 20-39y (n=500) 40-59y (n=500) EOL Monthly Survey: N=1,000, Ages 20-59; Source: EOLembrain Online Member Survey (Conducted in Jul. 2022) © Eastern Online Co., Ltd. 3
  11. PART 3 Longitudinal Survey to Consuming Behaviors Eastern Online Consumer Research Group / Marketing Department Eastern Online Co., Ltd. / 7F, No.306, Sec.4, Xingu Rd., Da-an Dist., Taipei City
  12. Utilization Survey to New Consumer Behaviors 60% Online Payment Trying out cleaning products of unfamiliar brands(24%), I would like to try it out even having never heard of it before (9%) 22% Purposeful diet control behaviors 26% Posting IG Stories Of all the respondents aged 20 to 59, what were the levels of utilization of various consumer behaviors in the past month? Others Having Micro-cosmetic Surgery No Change 12 Accessing Delivery App Going to Gyms Accessing LINE Shopping Group No Change No Change No Change No Change EOL Monthly Survey: N=1,000, Ages 20-59; Source: EOLembrain Online Member Survey (Conducted in Jul. 2022) © Eastern Online Co., Ltd. 3% No Change No Change No Change 1
  13. Hot Topics Among Consumers in July 2022 13 Whether it’s in person, via text message, or sharing on social media platforms, what topics did consumers proactively share with friends in July? EOL Monthly Survey: N=1,000, Ages 20-59; Source: EOLembrain Online Member Survey (Conducted in July 2022) © Eastern Online Co., Ltd. 33% Shopping and Discount 31% Entertai- nment 47% Food and Dining 37% Investm- ent 22% Cooking 26% Internat- ional Enviro- nment 22% Economy 27% Politics 2
  14. EOL Group is the largest local market research agency in Taiwan, and has EOL iSURVEY, EOLembrain, and EOL social as its affiliates. Starting from Taiwan, the scope of EOL’s customer service covers the whole Asia-Pacific region, which allows us to provides clients with the most complete and market-insightful solutions, analysis of the consumer’s daily life context for understanding and planning the consumption trends, and serve as the leading brand of Chinese consumption trends. Company in Mainland China Companies in Taiwan
  15. EOL Consumer Research Team (EOL iSURVEY) 1000M 200,000 Members 30 Years 50,000 Households 400 Participants 200 Institutions E-ICP Taiwan Consumption Demands Research Research to changes of consumption trends, values and lifestyles Big Data Research Research on sales using data of issued invoices Research on preference of telecom consumption Research on word-of- mouth among communities iSurvey Solid, fast and precise identification of registered members Trend Seminar Member of Macromill Weekly index Asia Annual Trend Seminar 15
  16. Visions and Market Insights of EOL Consumer Research Team Market Analysis Allow you to comprehend the scale, profitability and annual growth of the market you plan to enter Competition Overview Allow you to comprehend the number of competitors and their competitiveness, and • market shares, • channels distribution, • product lines Consumption Preferences and Behaviors Allow you to comprehend the consumption behaviors and characteristics, the annual changes, as well as the consumer psychology and demands Strategies for Market Entry Offer you the optimum approaches to enter the target market 16
  17. Integrated Platform Teams and Experts from Diverse Fields Precise Marketing Proposals E-ICP Marketing Database The Online Survey Database with 180,000 Registered Members Offline Qualitative and Quantitative Survey Teams with Advertisement and Industrial Experience composed of Experts from fields including: 1. Trend Study 2. Communication 3. Brand Marketing 4. Consumer Behaviors The presentation of the research results can offer effective and feasible strategic proposals. The integrated marketing and communication service could be offered using resources of the Group E-ICP Marketing Database E-ICP System E-ICP e-Yearbook Research Report on Top 10 Lifestyles in Taiwan Trend Report on Elders Project Research Qualitative Focus Group Interview One-on-one In-depth Interview Quantitative (online & offline) Online Survey/Telephone Interview/Interview at Households Central Location Test (CLT) Integrated Big Data Analysis Services Database for Sales Volumes from all Channels EOL Social Viewing and Listening System Modeling of Prediction Model for Consumer Purchase Behaviors Trend Reports Customized reports Workshop for Creation of Business Opportunities Consultancy Service for Brands and Trends Advantages Services Advantages and Services of EOL Consumer Research Team 17
  18. Three Major Features of EOL Consumer Research Team Consumers Database Annual Data of Consumers’ Behaviors Sampling from Taiwan domestic market and questionnaires are completed at households Database of Sales with Issued Invoices Analysis to sales of daily necessities produces around one hundred million pieces of data annually Social Listening Database Public opinions on the Internet are collected for determination of development of future trends 1 2 Project Research Professional Research Team with Decent Qualitative and Quantitative Methodology The solution integrating proposals offered by experts from diverse fields is offered to clients for 1. Brand Positioning/Brand Power 2. Pricing Strategies/Channel Competitions/Promotion Methods 3. Development of Products/Services Big Data Analysis Integration/Conversion of Values of Data Fusion of data can integrate the whole picture of daily life Unstructured data is converted into structured one and available for analysis The features of data are presented in the visualized approach to speed-up the decision- making progress 3 18
  19. Thank You Do not cite, distribute, reprint, copy, and/or reproduce any and/or all parts of the data and/or figures in this Document without prior consent of EOL PR: +886-2-2706-4865 Marketing Manager Joce Yang #816 Amanda Li / VGM Grace Su / Director Casper Wang / Director Eastern Online Co., Ltd.,7F., No. 306, Sec. 4, Xinyi Rd., Daan Dist., Taipei City, Taiwan Email:amanda@isurvey.com.tw Email:graceting@isurvey.com.tw Email:casper@isurvey.com.tw 【Contacts for Business Cooperation】
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