Consumers would pay for next-gen materials for apparel, study shows
The fashion industry is witnessing a shift as consumers, particularly the youth, show a willingness to pay for sustainable and natural fibers in apparel. Discover the findings of a recent study.
The fashion industry is witnessing a significant shift in consumer preferences as more and more individuals, particularly the youth, express their willingness to pay for better and more sustainable materials. A recent consumer research study conducted by the Material Innovation Initiative (MII) and North Mountain Consulting Group sheds light on this growing trend, revealing the increasing demand for next-generation natural fibers in apparel.
The study surveyed over 1,000 US adults and found that an overwhelming 92% of respondents were willing to purchase next-generation products. Among them, 41% stated that they were very likely or extremely likely to make such purchases, while 51% showed moderate inclination. These highly inclined individuals were identified as "early adopters" of next-gen materials, and what sets them apart is their willingness to spend at least the same amount on these sustainable alternatives as they would on conventional materials.
Traditional animal-based products and petrochemical-based synthetics are losing their appeal as consumers become more conscious of the environmental impact of these materials. Conventional items like leather, wool, down, silk, and fur are known to have significant environmental consequences, which is why next-generation materials are gaining traction. These innovative alternatives are created without the use of animals or their byproducts, employing cutting-edge processes and materials such as recycled textiles, plant-based fibers, algae, mycelium, agricultural waste, programmed microorganisms, and grown animal cells.
One notable finding from the study is that consumers who are inclined to adopt next-gen materials are willing to pay a premium for sustainability. These early adopters recognize the value and impact of sustainable fashion and are ready to invest in these eco-friendly alternatives. Their willingness to spend at least the same amount on next-gen materials showcases the growing importance of sustainability in the purchasing decisions of consumers.
The rise of youth-driven change in the fashion industry is a significant driver behind the demand for sustainable and natural fibers. Younger generations are increasingly aware of the environmental challenges posed by the fashion industry and actively seek out ethical and eco-friendly alternatives. They understand that their choices can make a difference and are willing to support brands that align with their values.
This shift in consumer preferences presents an opportunity for fashion brands and designers to prioritize sustainability and invest in the development of next-generation materials. By embracing these materials, they can cater to the demands of the eco-conscious consumer and contribute to a more sustainable and environmentally friendly fashion industry.
The demand for next-gen natural fibers reflects a growing recognition of the environmental impact of conventional materials and a desire for more ethical and eco-friendly alternatives which the study highlights, making the urgency for the industry to evolve ever more important.