NielsenIQ: Private label is growth driver
Nearly half of American consumers say they buy more private label products than ever, driven by economic pressure and elevated product expectations.
Nearly half of American consumers say they buy more private label products than ever, driven by economic pressure and elevated product expectations.
Mother’s Day gifts mainly include flowers and chocolates, but beauty, fragrances, and jewelry are also gaining popularity, providing brands with chances to diversify their offerings.
Private-label brands are now a primary growth driver for 53% of retailers. Once seen as budget alternatives, they are evolving into premium and innovative choices.
NielsenIQ reports that consumers are embracing digital-first wellness solutions at an unprecedented rate.