Trends of Evolution in Consumer Behavior in the Contemporary World

Abstract

Purpose: Consumer behavior and decision making are changing along with civilization and cultural changes, socio-economic development, increase of quality of life and production growth. Consumers change their attitudes and habits in the evolving market conditions. The aim of the article is to present the changes in the behavior of contemporary consumers. Design/methodology/approach: In the article, theoretical considerations are undertaken based on the related literature as well as the results of Euromonitor International reports for the years 2015–2019. Therefore, in the article, the classic method of literature analysis consisting in determining the state of research with critical reflection over it is applied (critical literature review). Findings: In the future, we will be dealing with consumers conscious of their choices, minimizing consumption, caring for the environment and natural resources, individualists – focused on their own needs, proper diet, rest and caring for their health and safety. Research limitations/implications: Consumer market behavior resulting from the changes occurring all around us is still undergoing transformations. It is difficult to fully predict which of the trends will continue evolving and which will disappear. Most certainly, their mutual relations and co-existence will contribute to further changes in attitudes, consumer patterns and adaptive actions. Originality/value: In the paper, current trends observed in consumer behavior in the market are presented and an attempt is made at defining the directions in which such behavior will evolve.