According to the latest research from the EY Future Consumer Index, up to 36% of consumers no longer consider brand when choosing a product, and in Spain, 35% believe brands are irrelevant.
📉 Value Over Name
At the same time, 78% have noticed shrinkflation — a reduction in product size — and 77% have changed their shopping habits due to rising prices.
Marketing "enhancements" are met with skepticism:
42% see them as cost-cutting measures rather than added value.
🛒 Private Labels as the New Normal
What was once seen as a "budget alternative" is now a conscious choice.
Retailers are actively promoting their own products:
64% of shoppers notice more private label items, especially placed in “premium” eye-level positions.
🔁 The Switching Generation: A Threat and an Opportunity
These "switching consumers" are impulsive and respond well to deals, samples, and promotions.
Most prone to switching: younger generations (Gen Z and millennials) and high-frequency categories like food, cosmetics, and personal care.
🚀 What Can Bring Loyalty Back?
To remain relevant, brands must act: listen to consumers, focus on product substance, communicate simply, and act honestly.
A brand must “show up” in recommendations, filters, and platforms — this is the new shelf space.
📉 Value Over Name
- 66% of Spaniards prioritize price when buying clothing.
- 58% do the same in the cosmetics category.
At the same time, 78% have noticed shrinkflation — a reduction in product size — and 77% have changed their shopping habits due to rising prices.
Marketing "enhancements" are met with skepticism:
42% see them as cost-cutting measures rather than added value.
🛒 Private Labels as the New Normal
What was once seen as a "budget alternative" is now a conscious choice.
- 67% of global consumers are satisfied with private label products.
- 36% have no intention of returning to traditional brands.
- In Spain, 46% already opt for distributor brands.
Retailers are actively promoting their own products:
64% of shoppers notice more private label items, especially placed in “premium” eye-level positions.
🔁 The Switching Generation: A Threat and an Opportunity
- 58% globally, and 68% in Spain, remain loyal to favorite brands but are open to trying new ones.
These "switching consumers" are impulsive and respond well to deals, samples, and promotions.
Most prone to switching: younger generations (Gen Z and millennials) and high-frequency categories like food, cosmetics, and personal care.
🚀 What Can Bring Loyalty Back?
To remain relevant, brands must act: listen to consumers, focus on product substance, communicate simply, and act honestly.
- 48% of Spaniards would return to a brand for better taste or quality.
- Categories that invest heavily in R&D (such as cosmetics) retain consumer trust.
A brand must “show up” in recommendations, filters, and platforms — this is the new shelf space.
