Core Insights - The Chinese consumer market is experiencing polarization, with consumers becoming more rational in their purchasing decisions while also increasing their willingness to spend on emotional and personalized experiences [1] - The "emotional economy" is emerging, driven by social media and innovative marketing strategies, with the market size expected to exceed 2.3 trillion yuan in 2024 and surpass 4.5 trillion yuan by 2029 [1] - Brands face the challenge of balancing consumer savings and spending while building lasting emotional connections with consumers [1] Group 1: Consumer Behavior - Consumers are increasingly focused on value for money, durability, and rational purchasing, as evidenced by the fading significance of traditional shopping festivals like "Double 11" [1] - The rise of emotional spending reflects a growing segment of consumers willing to pay a premium for emotional resonance and personalized experiences [1] Group 2: Brand Strategies - Chen Yingrang emphasizes that businesses should focus on core operations and innovate to meet consumer needs, using examples from Kang Shifu's product line to attract younger consumers [2] - Dai Tana from Erdos highlights the importance of creativity in fashion branding to differentiate in a competitive market, stating that quality and effective communication are key to engaging consumers [2] - Wei Zhe from Jia Yu Capital notes that the shift from price-performance ratio to value-driven consumption is crucial, suggesting that brands must navigate between rational and emotional consumer needs [3] Group 3: Market Trends - The new tea beverage sector is becoming a prominent area for consumer IPOs, with brands like Gu Ming and Mi Xue Bing Cheng gaining significant attention from investors [2] - The discussion among industry leaders indicates that future consumer brands must prioritize consumer service and insights to thrive, balancing quality and price effectively [3]
理性和感性,消费品牌如何做出选择?