Key Highlights
- Companies with higher diversity are 35% more likely to outperform their competitors financially
- 67% of consumers say they are more likely to purchase from brands that demonstrate diverse representation
- 57% of consumers prefer to buy from brands with inclusive marketing campaigns
- 43% of employees in the consumer goods industry report a lack of diversity and inclusion in their workplace
- Only 27% of executive leadership roles in consumer goods companies are held by women
- 64% of millennials seek brands that actively promote social justice
- 58% of consumers say their purchase decisions are influenced by a brand's commitment to diversity and inclusion
- The global consumer goods market is projected to grow at a CAGR of 4.8% partly due to increased focus on DEI initiatives
- 72% of HR professionals in the consumer products industry believe that DEI initiatives improve company performance
- Only 16% of marketing campaigns in consumer goods feature diverse representation
- 45% of consumers say they are more loyal to brands that support racial and ethnic equality
- 51% of consumer goods companies have dedicated DEI teams or initiatives
- 32% of new product launches in the consumer goods sector include an element of diversity or cultural relevance
In a rapidly evolving marketplace where over 67% of consumers prefer brands that showcase diversity and inclusion, the consumer goods industry stands at a pivotal crossroads—yet only 21% of companies transparently report their diversity metrics and just 27% of leadership roles are held by women—highlighting both the enormous opportunities and pressing gaps in embracing true diversity and equitable representation.
Consumer Behavior and Loyalty
- 45% of consumers say they are more loyal to brands that support racial and ethnic equality
- 38% of consumers are willing to pay more for products from companies committed to DEI
- 66% of consumers are more likely to recommend brands that celebrate cultural diversity
- 68% of consumers say they are more loyal to inclusive brands
- 70% of consumers believe brands should take a stand on social issues
- 40% of consumers are more likely to trust brands that demonstrate consistent diversity messaging
- 69% of consumers are more likely to recommend brands with visible DEI efforts
Consumer Behavior and Loyalty Interpretation
Corporate Leadership and Workforce Demographics
- The average age of leading executives in consumer goods is 55, with women and minorities underrepresented
Corporate Leadership and Workforce Demographics Interpretation
Diversity
- Companies with higher diversity are 35% more likely to outperform their competitors financially
Diversity Interpretation
Diversity, Inclusion, and Representation in Consumer Goods
- 67% of consumers say they are more likely to purchase from brands that demonstrate diverse representation
- 43% of employees in the consumer goods industry report a lack of diversity and inclusion in their workplace
- Only 27% of executive leadership roles in consumer goods companies are held by women
- 58% of consumers say their purchase decisions are influenced by a brand's commitment to diversity and inclusion
- The global consumer goods market is projected to grow at a CAGR of 4.8% partly due to increased focus on DEI initiatives
- 72% of HR professionals in the consumer products industry believe that DEI initiatives improve company performance
- Only 16% of marketing campaigns in consumer goods feature diverse representation
- 51% of consumer goods companies have dedicated DEI teams or initiatives
- 32% of new product launches in the consumer goods sector include an element of diversity or cultural relevance
- Brands with diverse leadership are 70% more likely to be seen as innovative by consumers
- Only 21% of consumer goods brands have transparent reporting on diversity metrics
- 53% of employees in consumer goods feel inclusion practices are insufficient
- Representation of minorities in senior management in consumer industries is 18%
- 75% of younger consumers (Gen Z and Millennials) prefer brands that are consciously diverse and inclusive
- 60% of consumer goods companies have seen improved employee engagement after implementing DEI programs
- 49% of consumers feel that a lack of diversity in product offerings limits their choices
- Only 23% of consumer goods companies have DEI as a core part of their corporate strategy
- 55% of women report experiencing bias or exclusion in their careers within the consumer goods industry
- 42% of marketing campaigns in consumer goods neglect multicultural audiences
- 81% of consumers want more diverse representation in advertising
- 48% of executives believe that their companies may be lagging in DEI progress
- 59% of employees in consumer industry report feeling their workplace is not inclusive enough
- Only 14% of leadership roles in consumer goods are held by ethnic minorities
- 61% of brands plan to increase their investment in diversity and inclusion initiatives over the next two years
- 72% of companies in the consumer goods industry have implemented unconscious bias training
- 50% of new hires in consumer industries are now from diverse backgrounds
- 33% of marketing budgets are allocated specifically to diversity and inclusion initiatives
- 21% of consumer brands publicly disclose their diversity metrics
- 62% of consumer goods CEOs say diversity is a strategic priority
Diversity, Inclusion, and Representation in Consumer Goods Interpretation
Market Trends and Consumer Preferences
- 57% of consumers prefer to buy from brands with inclusive marketing campaigns
- 64% of millennials seek brands that actively promote social justice
- 44% of consumers say they actively seek out brands that champion environmental sustainability alongside social equity
- Diversity in product packaging can boost sales by up to 23%
Market Trends and Consumer Preferences Interpretation
Sources & References
- Reference 1HBRResearch Publication(2024)Visit source
- Reference 2MCKINSEYResearch Publication(2024)Visit source
- Reference 3STATISTAResearch Publication(2024)Visit source
- Reference 4CATALYSTResearch Publication(2024)Visit source
- Reference 5FORTUNEResearch Publication(2024)Visit source
- Reference 6NIELSENResearch Publication(2024)Visit source
- Reference 7FORBESResearch Publication(2024)Visit source
- Reference 8REPORTLINKERResearch Publication(2024)Visit source
- Reference 9RASMUSSENResearch Publication(2024)Visit source
- Reference 10ADAGEResearch Publication(2024)Visit source
- Reference 11CNBCResearch Publication(2024)Visit source
- Reference 12IBMResearch Publication(2024)Visit source
- Reference 13GWIResearch Publication(2024)Visit source
- Reference 14BROOKINGSResearch Publication(2024)Visit source
- Reference 15TNSGLOBALResearch Publication(2024)Visit source
- Reference 16DELOITTEResearch Publication(2024)Visit source
- Reference 17BUSINESSINSIDERResearch Publication(2024)Visit source
- Reference 18STRATEGYANDResearch Publication(2024)Visit source
- Reference 19ADWEEKResearch Publication(2024)Visit source
- Reference 20HOLLYWOODREPORTERResearch Publication(2024)Visit source
- Reference 21BLOOMBERGResearch Publication(2024)Visit source
- Reference 22WARCResearch Publication(2024)Visit source
- Reference 23PEWRESEARCHResearch Publication(2024)Visit source
- Reference 24MARKETINGDIVEResearch Publication(2024)Visit source
- Reference 25GREENBIZResearch Publication(2024)Visit source