During a survey conducted among Canadian consumers in 2021, 31 percent of respondents aged 18 and 34 strongly agreed that they would pay more for products and services from trusted brands, while the same was true for 18 percent of respondents aged 65 and over. All in all, 79 percent of responding Canadians were willing to pay more in support of products or services from companies and brands they trusted.
Share of consumers who would pay more for trusted brand products or services in Canada as of August 2021, by age group
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Ipsos. (January 5, 2022). Share of consumers who would pay more for trusted brand products or services in Canada as of August 2021, by age group [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/500966/canada-consumer-pay-more-trusted-brands-age/
Ipsos. "Share of consumers who would pay more for trusted brand products or services in Canada as of August 2021, by age group." Chart. January 5, 2022. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/500966/canada-consumer-pay-more-trusted-brands-age/
Ipsos. (2022). Share of consumers who would pay more for trusted brand products or services in Canada as of August 2021, by age group. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/500966/canada-consumer-pay-more-trusted-brands-age/
Ipsos. "Share of Consumers Who Would Pay More for Trusted Brand Products or Services in Canada as of August 2021, by Age Group." Statista, Statista Inc., 5 Jan 2022, https://www-statista-com.ezproxy.canberra.edu.au/statistics/500966/canada-consumer-pay-more-trusted-brands-age/
Ipsos, Share of consumers who would pay more for trusted brand products or services in Canada as of August 2021, by age group Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/500966/canada-consumer-pay-more-trusted-brands-age/ (last visited November 10, 2024)
Share of consumers who would pay more for trusted brand products or services in Canada as of August 2021, by age group [Graph], Ipsos, January 5, 2022. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/500966/canada-consumer-pay-more-trusted-brands-age/