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Cleen Market collaborates Entrepreneurs + Senior Awareness with the Annual Crab Festival

DECEMBER 5, 2021!

28 Orinda Way

Orinda CA

3:30pm - 7:00 pm

On December 5, 2021

3:30 PM - 7:00 PM

Cleen Market has a dynamic community event for everyone!

Maryland vs. Louisiana Blue Crab Fest

Come and join the fun, while learning how you may strategize and support our growing Aging community.

BE A SPONSOR!

When it comes to Older Adults; A longer life brings opportunities for older adults and their families as well as for their communities. Commercial and Small businesses can be successful in innovating on these opportunities and achieving business expansion when they better understand the market dynamics and spectrum of older adults as consumers and view them more as assets rather than as burdens to society.

A study conducted proved that as of 2020, approximately 73 million baby boomers, people born between 1946 and 1964, are over the age of 65. In another 10 years, by 2030, all of them will be over 65, making it the second-largest age group.

Unprepared Market to Prepared Strategy

While the world is rapidly aging, it is believed that in general, commercial businesses are unprepared to meet the needs of aging consumers. Specifically, in many markets around the world, there are gaps in the products and services that may be available compared to those that older consumers actually need and want.

In considering these opportunities, the aim of our community is to review from a commercial business perspective the market dynamics in terms of the potential size, growth, and power of the older adult market; to describe unique characteristics of older adults as consumers that may be important for commercial businesses considering population aging as an opportunity for business expansion; and to outline areas for policy development and collaboration between the public and private sectors to support adaptation to population aging, particularly in nutrition, health and mobility.

Certainly, there is no doubt about the power of the older adult market. Further, those over aged 60 years will generate more than one third of global consumption growth, and more than half of all growth in urban consumption in the coming years.

In developed economies, older adults spend relatively more than younger adults because they typically have higher incomes compared to other segments of the population. They are also more thoughtful in their shopping decisions, taking up to 25% more time in shopping for every dollar they spend .