Following the significant increase in premium volumes of 9.1% in 2021, due to a strong recovery from the COVID-19 pandemic, the global Long-Term (Life) Insurance industry contracted by 3.1% in 2022, based on the erosion of consumer savings and nominal premium growth during the year. However, positively, the industry is set to return to growth
Globally, consumers are seeking convenient, effective, and safe Analgesic products, capable of alleviating a wide variety of joint and muscular pain, as a result of intensive work outs, menstrual cramps, arthritis, and sedentary lifestyles, among others. Topical Analgesics, such as patches, creams, and gels, are becoming a popular alternative to traditional oral consumable Analgesics, by
As the prevalence of allergy-related symptoms and conditions, particularly allergic rhinitis, continues to increase exponentially, consumers are seeking more convenient and efficient solutions to cope with the impact of these allergies and improve their overall quality of life. As a result, there are an increasing number of players pivoting towards the development and introduction of
Globally, the concept of embedded insurance has become increasingly popular in the Short-Term Insurance industry, by making the purchase of insurance more attractive, streamlined, personalised, and an intuitive part of the buying process for various products and services. Embedded insurance allows consumers to purchase insurance on the website or app they are using, without having
Both globally and locally, consumers are becoming increasingly aware of the many benefits associated with Probiotics, resulting in growing demand and innovation in the Probiotics industry. With this, market players have been launching new Probiotic products that offer multiple benefits, over and above gut health, through the incorporation of multiple strains and added functional ingredients.
Globally, consumers are increasingly expecting their favourite beverage products to come in new and exciting flavours, which include Sports and Energy Drinks, to provide them with the flavourful kick they desire. As a result, innovative product offerings are being launched that include unique fruity combinations that complement the seasons, coffee-themed flavours for a morning caffeine
Rising environmental awareness and calls for heightened sustainable efforts from corporations have come to the fore in the Bottled Water industry, both globally and locally. As such, companies are strengthening their efforts to adapt products to meet these evolving consuming needs, which has resulted in a new wave of innovative, sustainable packaging solutions. Local consumers
In both the global and South African markets, pet owners are increasingly placing greater importance on the health and wellness of their furry companions, particularly due to ongoing pet humanisation trends. This is being leveraged by Pet Food players in the Pet Care market, with the release of specialised diet health food that targets different
Within the South African Fast Food market, there is a growing love for “local is lekker” which is resulting in robust market growth, driven by large servings of locally focused advertising and marketing, such as loadshedding and the country’s ever-popular braai culture. At the same time, township culture is having a supersized effect on the
Within both the global and local Juice markets, consumer preferences are shifting from conventional Juices to novel products that are healthier, as well as more exciting and appealing, especially among younger consumers, in terms of flavour. As a result, the trend of combination flavoured Juice blends is moving to the forefront of Juice innovation, resulting
Boost Africa Foundation is a Cape Town based NGO that assists children and their families living in extreme poverty to stay in school. This initiative aims to establish leadership and role models in these communities through education. Insight Survey is proud to be involved with Boost Africa Foundation to help inspire and develop the future legends of South Africa.