- 1 What do you put in the middle of a coffee table?
- 2 What is the furniture market trend in 2023?
- 3 Why is Gen Z obsessed with coffee?
What do you put in the middle of a coffee table?
Interior designers recommend incorporating some of your favorite treasures, whether that’s your seashell collection or the book you’re reading. Fruit (real or fake), design books, candles, and even your children’s toys can look interesting when you display them thoughtfully. A coffee table isn’t just for looks, though.
What interior design trends are on the rise for 2023?
This is especially true when it comes to design in 2023. This year, design trends are primed to shift into pops of color, playful patterns, texture-rich materials along with a blend of handmade pieces and bespoke touches that lend warmth and character to a space.
What is the furniture market trend in 2023?
Furniture Market Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028) New York, Aug.17, 2023 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the report “Furniture Market Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028)” – The Furniture Market size is expected to grow from USD 652.40 billion in 2023 to USD 855.49 billion by 2028, at a CAGR of 5.57% during the forecast period (2023-2028).The unexpected COVID-19 pandemic that struck the world in the early days of 2020 drastically altered the landscape of the furniture industry.
- The interruptions in the supply chain and the temporary prohibition on global trade significantly impacted countries that relied heavily on imports for furnishings.
- The pandemic drove around 58% of the world’s population to adhere to the stay-at-home policy for an extended period, motivating customers to optimize their houses and furniture in response to the increased time spent at home.
COVID-19 also emphasized the significance of lowering import dependency and enhancing industry automation and digitalization.Among the major factors favorably affecting the market are the burgeoning worldwide population, increased urbanization, and rising development of both residential and commercial buildings.
Additionally, the demand for lightweight, adaptable, portable furniture with ample storage is rising globally due to the growth of the travel and tourism industries, rising income levels, changing lifestyles, and raising living standards. In addition, the rise in nuclear families is fueling demand for foldable, compact furniture that is simple to set up in limited places.In addition, the prevalence of postural dysfunction is fueling a desire for ergonomically designed furniture to prevent health issues and posture issues in children and adults.
Additionally, the ease with which innovative products are made available through online purchasing portals fuels industry expansion. Leading manufacturers are also creating new designs and working with interior designers to increase their market share and attract more clients.
- In addition, they are launching recyclable furniture that is expected to lead the market.
- This furniture is built from salvaged wood, textiles, and wood pallets.Furniture Market TrendsRising E-Commerce Due to Smartphones Penetration is Driving the MarketThe ubiquity of smartphones has resulted in cheaper internet costs, and the simple availability of low-cost handsets has resulted in an exponential increase in online buyers worldwide.
Because of the global expansion of internet penetration, many consumers can access the online channel. Furthermore, several businesses offer “designing your interior sitting at home”services using online interactive room designer software. These factors will likely drive furniture sales via the e-commerce industry during the projection period.Additionally, as consumers furnish their homes to increase their comfort level and lead a luxurious lifestyle, the demand for furniture has grown overall among urban households.
- This growth results from easier access to financing for consumer durables and increased awareness of international furniture products.
- During the projection period, demand for furniture is anticipated to increase due to all these factors’ favorable effects on the furniture industry.Asia-Pacific Region is Fastest Growing in the MarketThe Asia-Pacific region dominates the furniture market, which is attributable to the large number of wood furniture producers in nations like China and India.
Due to its large population and expanding residential construction, the Asia-Pacific area is expanding quickly. Customers have started making purchases of furniture and home decor in China as the country’s standard of living rises. The region’s furniture market has grown due to rising consumer spending power.
The region’s furniture market is projected to increase due to the major players in the industry launching their exclusive online platforms and forming alliances with e-commerce platforms to expand their distribution networks. The rivalry in the nation and the area became more complicated with IKEA’s arrival in the Indian subcontinent, which aided the company in bolstering its global position.
Additionally, the growing adoption of premium-quality home décor items among the population in countries such as India and Australia further drives the furniture market growth in the region.Furniture Industry OverviewThe report covers the major international players operating in the furniture market.
Additional Benefits: Read the full report: About _
The market estimate (ME) sheet in Excel format3 months of analyst supportReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place. : Furniture Market Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028)
What kind of coffee do Millennials like?
Greater Focus On Quality – The third wave movement in coffee culture is characterised by an ever-greater focus on quality coffee and its origin. Millennials are the leading forces behind this third wave movement, with SCA News reporting that 35% of 18 to 24-year-olds and 42% of 25 to 39-year-olds drink specialty coffee everyday.
A steadily growing taste for gourmet varieties is driving a wider trend toward specialty beverages,” Bill says. Indeed, single origin coffee (a coffee sourced from a single region or estate) has become particularly popular among millennials in recent years. Generally, single origin coffees are defined by unique and distinct flavour notes and aromas, and typically offer a high level of supply chain transparency.
Those who consume single origin coffee and even specialty blends typically want to know more about their coffee, from the origin and variety to the roast date and profile. To cater to this, specialty coffee roasters should include relevant information on packaging labels or using QR codes and separate tasting cards.
Why is Gen Z obsessed with coffee?
By Rebecca Wooden Our previous journal articl e ‘What’s driving millennial coffee culture?’ e xplored the millennial generation as the driving force behind the third-wave of specialty coffee drinking. The coming of age of a millennial generation has sat side by side with the rise of specialty coffee that Climpson & Sons has been such a big part of over the last 20 years.
This wave began when specialty roasters such as ourselves sought a move towards more traceable and sustainable practices in the industry, feeding a desire for coffee drinkers to connect deeply with where their beans have come from, as well as enjoying a much higher quality cup and a lighter roasting profile.
Unnecessary Furniture and Home Decor You Think You Need To Buy
This wave has been unstoppable, with more and more cafes, bars and restaurants choosing to brew specialty coffee and the mainstream brands following in the independents footsteps to replicate the specialty experience. In the last few years we’ve seen a new generation coming of age, entering the workforce and more readily drinking coffee.
- Hello, Gen Z.
- Born between 1997 and 2012, Gen Z are fast becoming the specialty coffee consumers of the future, and with them comes a fresh perspective on what they want from their cup, as well as how and where they choose to drink it.
- The first truly digital generation, the current cohort of under 25s entering the workplace are fully tech savvy, having grown up in the era of endless information at their fingertips.
Here, we’ll be exploring how coming-of-age in the digital landscape could affect coffee drinking habits for a whole generation A recent YouGov surv ey ‘Understanding Coffee Drinking Among Gen Z’ s uggests some serious shifts in the ways Generation Z are consuming coffee compared to the generations before them.
- Let’s take a look at the stats and explore what this might mean for our role as coffee providers for people from every age bracket.
- When asked whether there’s no such thing as too much coffee, three in ten Brits agreed, while 16% are undecided.
- But what’s the picture like between the generations? Gen Z has the highest share of consumers who disagree with the statement (61%) with only 26% in agreement and 13% of consumers on the fence.
Millennials and Gen X-ers, on the other hand, seem to have the highest share of coffee enthusiasts as 32% of them don’t think there’s such a thing as too much joe. Gen Zs are amongst the least likely to agree that there is no such thing as too much coffee – and the least likely among the youngest three generations.
- Does that mean the coffee love-in is dying? ” Can you drink too much coffee? The answer to this seems to me, obviously, yes.
- With more and more research into the effects of caffeine on the brain, there’s no doubt that this psycho-active substance could be over consumed.
- This view sits in line with an increasingly health-conscious generation, growing up in the information age where lifestyle views and opinions are readily shared and available on social media.
However the question is whether this greater awareness around the potential impact of over-consumption of caffeine will lead to a generation quitting coffee for good. In recent years we’ve noticed an increase in the amount of decaffeinated drinkers at our cafes, as well as roasting more and more of our decaf Colombian, La Plata for our wholesale customers.
- This suggests our customers are not skipping the coffee completely, but maybe switching out that second or third cup for a decaf option to keep their caffeine levels in check.
- The question ‘is there a thing as too much coffee?’ that the survey focussed on also has a strong association with the ‘hustle culture’ mindset associated with a millennial generation.
“The hustle-culture narrative promotes the idea that there’s always more to strive for: more money to make, a bigger title or promotion to secure and a higher ceiling to smash.” from ‘Hustle Culture: Is this the end of the rise and grind? This work hard, rise and grind lifestyle has been fuelled by a caffeine obsessed millennial generation.
- With a large cup of filter in hand, the model of working hard to achieve financial success was born in the tech boom of Silicon Valley and replicated down to the individual level, where a side-hustle as well as a work based personal identity, became the norm.
- However, with pandemic induced cultural shifts, there’s been a change in attitudes across all generations to reassess our attitudes towards work and find more time to spend with family and friends, engaging in the hobbies and interests that make life fulfilling to form a rich and broad self of identity outside of the workplace.
We’ve seen this particularly in Gen Z through the rise of TikTok trends around #quietquitting where self identity is disassociated with place in the labour market and a minimum effort model replaces the hustle culture that came before it. Whilst this generational shift could have a real impact on caffeine consumption (.
Who needs multiple espressos to work with as little effort as possible?) it could also present itself as a very positive change for the specialty industry and a slower, more thoughtful and socially impactful coffee consumption. The values of sustainability and traceability are of increasing importance to a younger generation, having grown up with acute awareness of the real-time impact climate change will have on their adult lives.
Climpson & Sons focus on sourcing quality coffees from environmentally minded producers sits very much in line with a slower and curated attitude to what we buy, eat and drink. The YouGov survey also considers convenience as a factor in what motivates people to drink coffee.
Among those who drink coffee, taste, strength, type of coffee and price seem to be the top four factors for the older generations when buying coffee. However, while taste and price are also at the top of Gen Z’s motivation, the next most important factor is convenience (20%). This could probably be the reason why a higher share of Gen Z bought ready to drink coffee (16%) in the last three months.” While Gen Z value the quality in production and sourcing, they expect the final stage of service to be quick, to the point of instant.
Growing up through the age of fast food and Deliveroo convenience, who can blame them. Here comes the rise of ready to drink coffee. We’ve seen this at our cafe with the love for our ready to serve cold brew growing year on year, as well as the popularity of our Nitro Cold Brew on tap from our coffee bar in Old Spitalfields Market.
- Similarly, Climpson & Sons Coffee Concentrate fills the need for expertly produced coffee at home, with zero brewing time or equipment needs.
- Convenience, without compromising quality.
- While the profile of specialty coffee consumers changes with the generations, the values of sustainability, traceability and expert production shine through to coffee drinkers from all age groups, which can be seen through the wide range of people that drink our coffees, whether through any of our brilliant wholesale partners across the country or by brewing at home.
By continuing to work closely with our repeat partnerships across the world, we hope that specialty coffee will continue to appeal to a more discerning, younger consumer as well as the millennial generation that gave rise to it. So is the coffee love-in dying? Perhaps the attitude of death before decaf and coffee fuelled hustle culture is fading with a socially and health conscious generation, however this doesn’t mean the end of specialty coffee and could instead see a further rise of more conscious, convenient and curated coffee drinking.