In
the U.S. if you were growing up during the 60’s most likely you were
questioning the establishment for that was the norm. In the 70’s distrust, distain, disillusion
with government lead to the resignation of a U.S. President. Today, legacy branded food manufacturers and
retailers are capitulating market share to private label manufactures, branded
store brands too up-start fresh food retailers.
Equally
driven by a quest for self-discovery and growing disbelief or distrust of food
labels and legacy brands the largest generation of consumers Millennials or as
the Hartman Group calls it “the current “it” generation of consumers” is
disrupting the food retail status quo.
Educated,
technology equipped, and when in doubt questioning this "it"
generation of consumers, “Millennials know what’s cooking – literally”,
according to new research by The Harman Group.
In
a new report, Outlook on the Millennial Consumer 2014,
details how Millennial consumers, aged 19 to 33, have become a reliable
barometer for the future of food culture. Several findings of the report
include:
1. Millennials have the belief that
nutritional variety, not excluding the consumption of unhealthy foods, is
important to their overall health. Some Millennials even have guilt-free days,
commonly referred to as "cheat days" or "total body crash,"
where they will eat anything, including "the epic breakfast."
2.
"Diets
are propaganda," a 28-year-old Millennial female told the researchers.
"One diet says one thing and another says the opposite. You need to find
your own healthy balance and forget about fad diets
3.
"Millennials
are more distrustful of brands and are less swayed by labels and claims that
certain foods are "natural," "low-calorie" or
"organic."
4. Millennials lead other generations in
paying attention to socially relevant callouts, such as product narratives and
origin stories.
5. Millennials enjoy cooking more than
older generations, and these home cools and aspiring cools are crucial to a
broader movement towards fresh, less process foods.
- Millennials
still eat out more than any other generation and prefer fast food, in part
because of their age and income level. However, they look for healthier
options such as Chipotle Mexican Grill. Millennials are particularly drawn
to this chain for its open kitchen and build-your-own ingredient bar that
provides them with an authenticity they love. Chipotle also has values
that coincide with theirs: organic and local ingredients, and meat with no
added hormones or antibiotics.
Ready-2-Eat and Heat-N-Eat fresh
prepared food continues to garner favor from every age group today. Most important to the Grocerant Niche’s
booming success is the rapid adoption by Millennials. If success does leave
clues, Restaurants, Drug Stores, C-stores and Grocery store formats will need
to adapt to accommodate the growing appetite for fresh prepared Ready-2-Eat and
Heat-N-Eat Grocerant Niche food. Outside Eyes can Drive Inside Top Line Sales
and Bottom Line Profits.
Interested in learning how the 5P’s of
Food Marketing can edify your retail food brand while creating a platform for
consumer convenient
meal participation, differentiation and individualization contact
us via Call 1-253-759-7869 or Visit: www.FoodserviceSolutions.us
Thanks for given information, this is very useful for me. Visit our Website
ReplyDelete