Grocery Shopping Habits:

Publisher     :
Canadean
Published     :
September 2015
Delivery Method     :
By product vendor
Format     :
pdf
Product Code     :
CS0630IS
Pages     :
88
Price :   £ 6,214.00

Summary
" The term  millennials can lead brands astray as they seek to target a consumer group with vast differences in age, lifestyle, financial power, and life goals. However, there are three universal characteristics young adults share that should inform how to tailor product development and marketing campaigns to them.

" Niche brands are becoming more popular, making it increasingly difficult for mass market brands. Brands need to forget the  one size fits all model, and develop a broad range of products that are closely aligned with very specific consumer groups and needs.

" The desire to stand out from the crowd has been present among all generations in their youth, but increased disposable income and the wide array of developed retail channels, including online, means young adults today can spend more money on more products that reflect their identity and personality

" Informality has increased as traditional eating habits dwindle due to a lack of time, changing social attitudes and busy lives. This means the line between snacking and meals is blurring, new consumption occasions are being created, and consumers are looking for even better quality food despite wanting to minimize the amount of time spent preparing it.

Synopsis
Understanding the attitudes and behaviors of young adults, a generation also called  millennials , is the key to unlocking opportunities in consumer packaged goods markets both now and over the next 30 to 40 years. Young adults can be difficult to target as this age group includes vast differences in age, lifestyle, financial power, and life goals. However, there are three universal characteristics young adults share that should inform how to tailor product development and marketing campaigns to them. These are the rise of the niche, personalization and self-expression, and informal eating.

Reason to buy
" Develop products which truly resonate with the young adult audience by understanding what unites, and differentiates them

" Know what steps you need to take to target this vital audience thanks to Canadean s unique knowledge of young adults attitudes and behaviors, drawn from a global consumer survey

" Identify new markets for your brand to expand into by seeing how the attitudes of young adults vary from country to country

Executive Summary
Introduction and Summary Methodology
Young adults command a larger share of the grocery market than could be expected
Share of FMCG products consumed by young adults  global
Share of FMCG products consumed by young adults  BRIC vs. Non-BRIC countries
Analysis of consumption patterns by age group: how Young Adults compare to other consumer groups
While the term  millennial is too broad for successful targeting, millennials do share three universal characteristics that should inform how to tailor product development and marketing campaigns to them
The decline of the middle ground and the rise of the niche is defining this generation
Brands must cater to the need for self-expression to maintain the attention of young adults
Informal meal occasions have become the normal way to dine for young adults
How to appeal to young adults
Young Adults and convenience
Young Adults and new flavors Young Adults, brand loyalty and co-creation
Young Adults and promotion offers
Young Adults, health, and functional food
Young Adults and treats
Young Adults and craft
Young Adults and ethical consumerism
Young Adults and trust in brands
Young Adults and nostalgia
Young adults and new technology
Young adults and social media
Detailed methodology and Appendix