The report found that 78% of consumers are willing to
pay the same or more for next-gen materials compared to conventional options.
The consumer
research titled: Next-gen
materials: A 2023 assessment of the potential for U.S .consumer adoption,
produced in collaboration between the Material Innovation Initiative (MII) and
North Mountain Consulting Group, highlights a significant shift away from
conventional animal products and current-generation synthetics.
The report surveyed over 1,000
US adults and found most (92%) expressed openness to purchasing next-gen
materials.
Of those, 51% indicated they
were somewhat or moderately likely to make such purchases, while 41% revealed
they were very or extremely likely to do so.
The report describes the
respondents falling into the “extremely” or “very” likely category as “early
adopters” of next-gen materials and this group were all willing to pay at least
the same price for next-gen materials in comparison to conventional materials.
The report explains that
next-generation materials are a sustainable alternative to traditional
animal-derived products such as leather, wool, down, silk, and fur, as well as
petrochemical-based synthetics.
These eco-friendly materials
are manufactured using a range of innovative methods and ingredients, including
recycled textiles, plant-based fibres, algae, mycelium, agricultural waste,
programmed microbes, and cultivated animal cells, all without relying on
animals or their by-products.
·
All “early
adopters” expressed willingness to pay the same or a higher price for next-gen
materials.
·
In a shopping
scenario, 60% of respondents preferred a next-gen leather item over a
conventional one.
·
For early
adopters, factors such as quality, sustainability, cost, and animal welfare
were key motivators in their decision to purchase next-gen materials.
·
86%
indicated that leather was a type of next-gen product early adopters would
purchase in the next five years, followed by Down at 75%, wool at 73%, 71%
chose silk and 54% said Fur.
Nicole Rawling, MII CEO and
co-founder, highlights the significance of the report’s findings, stating:
“This report indicates broad US consumer interest in purchasing fashion
accessories and apparel, home furnishings, and automotive interiors made with
next-gen material. “If next-gen materials become widely available and
affordable options within the US market, we expect next-gen materials to become
widely adopted by consumers.”
Rawling noted the encouraging
consistency in consumer interest for next-gen materials between the 2023 study
and the same study conducted in 2021.
She said: “This shows us that
despite the difficult economy, consumers are still interested in products which
are better for the planet and animals and are willing to pay more for them.”
“Consumers who are less
interested in next-gen and prefer animal-based materials appear to be motivated
primarily by their inexperience with the material and concerns over quality,”
Rawling added. “This shows a need for material companies and brands to ensure
their products meet consumer performance and quality expectations to ensure
long-term adoption.”