81% of prosumers in the UAE and 91% in KSA expressed a desire for a frugal world, reflecting a significant move towards a more mindful and sustainable living.
Havas Middle East unveiled the ‘Joyful Frugality’ Report, the latest edition of its periodic Prosumer Report. The study highlights the evolving attitudes towards consumption in the region, shedding light on the growing trend of mindful spending among consumers.
Developed through qualitative and quantitative research in collaboration with strategists from 30 global Havas offices, the survey, with a sample size of nearly 1,013 people, was split evenly across the two main markets of UAE and KSA.
The findings highlight a shift towards aspirational frugality among prosumers while embracing a lifestyle of moderate consumption.
“This study underscores Havas Middle East's dedication to understanding and leading in today's evolving market, marked by a significant shift towards more conscious and deliberate spending. We recognize the necessity of aligning with these emerging values – it's not just a smart business move, it's a moral duty. Our report urges brands to not just treat sustainability and mindful consumption as passing trends but to view them as essential, enduring shifts in how we manage our resources and responsibilities. At Havas, we're at the forefront of this evolution, empowering our clients to make a meaningful impact in building a more sustainable, frugal future." says Dany Naaman, CEO, Havas Middle East.
Highlights of the report:
As the region witnesses a shift towards frugality, businesses must consider the shifting values and aspirations of consumers, integrating sustainable practices into their operations to meet the growing demand for a more mindful and responsible way of life.
The full report can be accessed through this link.