Consumption in Ireland: Trends and Outlook

Published on and written by Cyril Jarnias

Ireland, with its dynamic economy and young population, represents an attractive consumer market for many businesses. Understanding the specifics of this market is essential for developing an effective business strategy in this country. This article analyzes in detail the main characteristics and trends of the Irish consumer market.

The Irish and Their Wallets: Savvy Consumers Open to New Things

Irish consumer habits have evolved significantly in recent years, influenced by the post-crisis economic recovery and the emergence of new technologies.

A Young and Connected Population

With an average age of 38, Ireland has one of the youngest populations in Europe. This youth translates into a high adoption of new technologies and online shopping. In 2024, 85% of Irish people made at least one online purchase, compared to 78% in 2020.

A Return of Consumer Confidence

After years of budgetary caution following the 2008 financial crisis, Irish consumers are gradually regaining confidence. The consumer confidence index reached 102.7 points in January 2025, its highest level in 10 years. This increased confidence is reflected in higher spending in non-essential sectors like leisure and tourism.

Growing Sensitivity to Sustainability

Irish consumers are increasingly aware of environmental issues. 72% of them say they consider the ecological impact of their purchases, compared to 58% in 2020. This trend is reflected in the growing popularity of organic, local, and eco-friendly products.

Good to Know:

Irish people remain price-sensitive and do not hesitate to compare offers before buying. Businesses must therefore find the right balance between quality, sustainability, and competitive prices.

A Diversified Market: Identifying Key Segments for Effective Targeting

The Irish consumer market can be segmented according to several criteria, allowing businesses to better target their offerings.

Demographic Segmentation

– Millennials (25-40 years old): Representing about 30% of the population, this segment is particularly receptive to new technologies and innovative consumer experiences. – Families with children: An important segment, sensitive to practical products and family offers. – Active Seniors (55-70 years old): A growing segment with high purchasing power and an appetite for quality products and personalized services.

Geographic Segmentation

– Dublin and its region: Concentrates nearly 40% of the population and the highest purchasing power in the country. – Regional cities (Cork, Galway, Limerick): Dynamic, fast-growing markets. – Rural areas: A more traditional but significant market, representing about 35% of the population.

Behavioral Segmentation

– Early Adopters: About 15% of consumers, very receptive to innovations and new brands. – Ethical Consumers: A fast-growing segment, favoring sustainable and socially responsible products. – Online Shoppers: Over 70% of Irish people regularly shop online, with a preference for international marketplaces.

Good to Know:

Segmenting the Irish market requires a nuanced approach. The boundaries between segments are increasingly blurred, with consumers adopting different behaviors depending on the product category.

A Changing Competitive Landscape: Adapting to Stand Out

The Irish consumer market is characterized by intense competition, with a mix of well-established local players and international brands.

Dominance of Major Retailers

In the retail sector, five major players share nearly 90% of the market:

1. Dunnes Stores (23% market share) 2. Tesco Ireland (21%) 3. SuperValu (20%) 4. Lidl (12%) 5. Aldi (11%)

These retailers have adapted to new consumer expectations by developing their ranges of local and organic products, as well as their home delivery services.

Rise of E-commerce

Online commerce is experiencing explosive growth, with a 35% increase in online sales between 2020 and 2024. Pure players like Amazon and ASOS are gaining market share, pushing traditional players to strengthen their digital presence.

Emergence of New Local Players

We are seeing the emergence of innovative startups and local brands, particularly in the food, ethical fashion, and green technology sectors. These players rely on their local roots and commitment to sustainability to attract Irish consumers.

Good to Know:

To succeed in the Irish market, businesses must adopt an omnichannel approach, combining physical and digital presence, while highlighting their local and environmental commitment.

New Trends Shaping the Irish Market

Several major trends are currently influencing Irish consumer behavior and offering new opportunities for businesses.

The Rise of Click and Collect

The pandemic accelerated the adoption of click and collect, a purchasing method that combines the convenience of online shopping with the speed of in-store pickup. In 2024, 45% of Irish consumers used this service, compared to 28% in 2020.

The Quest for Unique Experiences

Irish consumers, especially Millennials, are increasingly seeking unique experiences rather than just products. This trend manifests across various sectors, from dining to tourism to retail.

The Subscription Boom

Subscription services are growing rapidly, whether for everyday consumer goods (food boxes, hygiene products) or entertainment services (video and music streaming).

Personalization at Scale

Thanks to artificial intelligence and big data, businesses can now offer highly personalized products and services at scale, a trend particularly appreciated by Irish consumers.

Good to Know:

These trends are evolving rapidly. Businesses must stay attuned to the market and be ready to adapt their offerings to meet new consumer expectations.

Future Outlook: A Promising Market Despite Uncertainties

Despite global economic challenges, the growth prospects for the Irish consumer market remain positive.

Sustained Growth

Analysts forecast an average annual growth of 3.5% for the Irish consumer market between 2025 and 2030, driven by rising purchasing power and consumer confidence.

Promising Sectors

Certain sectors are expected to see particularly strong growth: – Green technologies (+8% per year) – Wellness products and services (+6% per year) – Organic and local food (+5% per year)

Challenges to Overcome

However, several factors could impact this growth: – Uncertainties related to Brexit and global trade tensions – Growing price pressure due to inflation – Regulatory changes, particularly in environmental matters

Good to Know:

To succeed in the long term, businesses will need to demonstrate agility and innovation, while remaining true to the values of sustainability and social responsibility that are increasingly important to Irish consumers.

The Irish consumer market offers great opportunities for businesses that can understand and anticipate the changing needs of consumers. By combining innovation, local commitment, and a sustainable approach, brands can position themselves favorably in this dynamic and promising market.

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About the author
Cyril Jarnias

Cyril Jarnias is an independent expert in international wealth management with over 20 years of experience. As an expatriate himself, he is dedicated to helping individuals and business leaders build, protect, and pass on their wealth with complete peace of mind.

On his website, cyriljarnias.com, he shares his expertise on international real estate, offshore company formation, and expatriation.

Thanks to his expertise, he offers sound advice to optimize his clients' wealth management. Cyril Jarnias is also recognized for his appearances in many prestigious media outlets such as BFM Business, les Français de l’étranger, Le Figaro, Les Echos, and Mieux vivre votre argent, where he shares his knowledge and know-how in wealth management.

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