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NACS Online > News & Media Center > Global Convenience Store Focus > April 2009 Issue > Fewer Americans interested in going green in recession
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Global Convenience Store Focus
Page Content New consumer research from Mintel suggests the economy is starting to cast a shadow over green living’s glow.
Mintel reports the number of Americans who say they almost always or regularly buy green products is unchanged on last year, at 36%.
Previously, the proportion has trebled from 12% in 2007 to 36% in 2008.
Marcia Mogelonsky, senior research analyst at Mintel, said: “People’s priorities have changed because of economic hardship. A substantial number of shoppers are now struggling just to provide the basics for their families, so green living is no longer top of mind for many Americans.”
Cost remains an impediment to the green market’s growth, says Mintel.
Its recent survey found the majority of adults are willing to pay only a little extra for green products. Moreover, over half of respondents (54%) say they would buy more green products but the products are too expensive.
In other consumer surveys, Mintel has discovered price is a deterrent to buying green products.
An October 2008 report on organic found nearly four in five adults (78%) would buy more organic food if the products were less expensive.
Similarly a January report on environmentally-friendly cleaners showed 52% of shoppers who buy household cleaning products think green cleaning products are too expensive.
“Today’s shopper is looking for value,” said Mogelonsky. “Value doesn't mean just low prices, but cost is definitely a factor. True value includes health and safety benefits, quality, convenience, appeal and trust, all at a reasonable price. Companies who provide those benefits, as well as appease shoppers’ green sensibilities, will enjoy success despite the recession.”
Mintel predicts opportunities for growth in green markets over the next few years, however.
While the recession is expected to impact sales through 2009, Mintel forecasts 19% growth for green products overall through 2013.
Markets including green personal care and environmentally friendly household cleaners are expected to perform especially well. Organic food, the most mature segment, will experience slowing but steady growth over the next five years, despite lower prices from private label organics and competition from natural and local foods.
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