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Developments and Forecasts of Growing Consumerism

  • Page | Last updated: 27 Sep 2018

Worldwide

The global middle class is expected to grow and reach 5.5 billion by 2030. Some 87% of the additional middle class population will be Asians.

Developing countries have both a growing economy and a growing consuming population, while developed countries are mostly replacement economies.

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Developing countries have both a growing economy and a growing consuming population, while developed countries are mostly replacement economies.

Developing economies and emerging markets are expected to continue growing relatively fast, given their increasing labour force and expanding markets potential, versus the advanced economies, which are mostly replacement markets. 

More on this Megatrend

More on this Megatrend

Europe

The European middle class has been eroding in the past decade, due to the economic turmoil as well changing work conditions and further increases of unemployment, especially among young people.

More on this Megatrend

More on this Megatrend

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