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
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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 January 22, 2025, from https://www.statista.com/statistics/500966/canada-consumer-pay-more-trusted-brands-age/?__sso_cookie_checker=failed
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 January 22, 2025. https://www.statista.com/statistics/500966/canada-consumer-pay-more-trusted-brands-age/?__sso_cookie_checker=failed
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: January 22, 2025. https://www.statista.com/statistics/500966/canada-consumer-pay-more-trusted-brands-age/?__sso_cookie_checker=failed
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/statistics/500966/canada-consumer-pay-more-trusted-brands-age/?__sso_cookie_checker=failed
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/statistics/500966/canada-consumer-pay-more-trusted-brands-age/?__sso_cookie_checker=failed (last visited January 22, 2025)
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/statistics/500966/canada-consumer-pay-more-trusted-brands-age/?__sso_cookie_checker=failed