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Millennials and Food

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Millennials have a passionate relationship with food, here's how marketers can tap into that passion.

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Millennials and Food

  1. 1. Exploring Millennial’s Passion for Food: It’s More than Food, It’s An Experience! September, 2014
  2. 2.  Millennials represent more than just the next generation in a progression of alphabet names - they represent a new and influential way of thinking, living and consuming.  As Millennials progress into new lifestages, they are shaking up conventional approaches to marketing in everything from product development, to distribution to media and promotion. This influence is already the driving force in technology, retail and experiential categories such as food, wine, and travel.  Their unusual combination of idealism, practicality and passion are enabling explosive new business opportunities and making it especially critical to understand this unique generation. 2 Why Millennials and Food? www.brandamplitude.com Millennial influence is growing and we all are becoming more “Millennial-like” in our values, attitudes and behaviors each day.
  3. 3. 3 Who Are the Millennials?  Different from earlier generations  Politics  Saving and Spending  Social values  Life goals  More…  Consumer impact being felt in...  Education  Financial services  Travel and entertainment  Media  Housing  Healthcare  Retail  More.. www.brandamplitude.com  77 Million Young Adults 19-34 years (born 1980-1995), $60,000 average income  Grew up in dawn of the information technology age http://www.forbes.com/sites/patrickspenner/2014/04/16/inside-the-millennial-mind-the-dos-donts-of-marketing-to-this-powerful-generation-3/
  4. 4. “The persistent ranking of these values across age spectrum signifies that this is not merely a stage they will grow out of.” - Iconoculture, Inside the Millennial Mind 4 Millennial Values www.brandamplitude.com http://www.forbes.com/sites/patrickspenner/2014/04/16/inside-the-millennial-mind-the-dos-donts-of-marketing-to-this-powerful-generation-3/  Millennial choices are shaped by strongly held values that differ from those of their Boomer parents.
  5. 5.  Millennials are notoriously elusive and skeptical of overt marketing and claims  Yet, they are willing to embrace brands that demonstrate that they are authentic and can be trusted to share their values 5 The Paradox of Marketing to Millennials www.brandamplitude.com Millennials consistently say Apple is a favorite brand
  6. 6.  Listen and share  Take a stand / state your purpose  Be a force for good  Challenge the status quo  Show some style  Leverage your heritage  Add value, be useful 6 Millennial Brand Building 101 www.brandamplitude.com  Interrupt or yell  Fake it  Pander or preach  Be bland or generic  Waste their time http://www.adweek.com/adfreak/everything-you-hate-about- advertising-one-fake-video-thats-almost-too-real-156525
  7. 7. It should feel the same when dealing with a company whether online, in a store or on the phone 64% Expect to be able to engage with a company whenever I choose and through whatever channel I choose 63% I like it when a company reaches out to me and not just to sell a product 60% Do business with company that can make good offers in real time 57% I like it when a company makes recommendations that make shopping easier 55% I would be prepared to give more data to business if it meant they didn’t waste my time on offers that are not relevant 54% 7 Millennials Want Customization and Control www.brandamplitude.com  Millennials want to hear from companies on their own terms  Customizable news feeds dominate content discovery  71% listen to customizable music streams, like Spotify and Pandora http://www.slideshare.net/SDLonline/understanding-the-millennials-summary-of-findings-march2014
  8. 8.  Millennials are 56% more likely to discover marketing content on social networks than via search engines or email.  Five out of six Millennials connect with companies on social media networks  The average spends 5 hours a day on average with user generated media (UGC) 8 Millennials Rely on Social Media www.brandamplitude.com http://www.slideshare.net/SDLonline/understanding-the-millennials-summary-of-findings-march2014 http://mashable.com/2014/04/09/millennials-user-generated-media/ “Only 5% of Millennials use social sites as a car-shopping resources, and they are brackish about auto brands that use social media to reach them: 78% of Millennials surveyed by AutoTrader said such efforts had not the slightest impact on their perception of the brand.” Millennials trust user generated product information/media over other sources At the same time, Millennials distrust brand-sponsored social sites http://www.mediapost.com/publications/article/232110/millennial-auto-shoppers-are-digital-mobile-conf.html?
  9. 9.  Millennials check their phones on average 100+ times a day  The top social apps are Facebook and Instagram 9 Social Media is Increasingly Mobile www.brandamplitude.com http://www.marketingcharts.com/online/most-popular-social-apps-among-millennial-smartphone-users-44770/attachment/comscore-top-social-apps- millennials-in-june-aug2014/ http://www.mediapost.com/publications/article/232110/millennial-auto-shoppers-are-digital-mobile- conf.html?utm_source=newsletter&utm_medium=email&utm_content=headline&utm_campaign=75361
  10. 10.  Millennials value brands that allow them to express themselves in unique ways via photo and video sharing  Instagram is one of the top media channels used by Millennials on a daily basis.  On Facebook, photos get 53% more likes, 104% more comments and 84% more click-throughs on links than text-based posts. 10 Social Media Is Increasingly Visual www.brandamplitude.com Over 90% of the 150 million people on Instagram are under the age of 35 40 million active monthly users, 80% women 30 million active monthly users, 30% women Over 1 Billion users, 50% of traffic is from mobile http://www.businessinsider.com/instagram-demographics-2013-12#ixzz38VppltFG http://www.mediabistro.com/alltwitter/social-media-statistics-2014_b57746 http://blog.bufferapp.com/7-facebook-stats-you-should-know-for-a-more-engaging-page
  11. 11. 11 Brand #Success: Mercedes Benz CLA www.brandamplitude.com  CLA launched in 2013 with starting price of 30,000, targeted to Millennial demo  Millennials differ from older car buyers, much of their consideration phase occurs online instead of on the lot.  “Take the Wheel” campaign leveraged popular Instagram users (half a million or more followers) and asked them to ‘gram their journeys’  Results:  87 million Instagram impressions and 2 million ‘likes’  More than half of CLA buyers are Gen-X or Gen-Y. 75% are first-time Mercedes buyers. CLA owners are “one of the youngest age groups in the history of the brand.” --Mark Aikman, Mercedes digital marketing manager http://digiday.com/brands/mercedes-benz-uses-instagram-sell-cars-millennials/
  12. 12.  Millennials seek to discover one-of-a-kind experiences, gain insider knowledge and share their knowledge and experience with others. 12 Tapping Millennial Passions www.brandamplitude.com Travel stories comprise 42% of posts on the average Facebook user's timeline. "Books, music, everything is dematerializing, it's turning virtual and travel is increasingly playing a role in how people represent their identity. It's not just bragging, it's sharing, stating who they are.” -- Andy Murdock, Lonely Planet http://www.brand-e.biz/half-of-all-adults-watch-food-videos-on-youtube_33408.html http://abcnews.go.com/Travel/millennials-world/story?id=18971171&page=2 Brands like ZipCar, Lyft, Airbnb and TaskRabbit help Millennials to feel frugal, savvy, spontaneous and open for new experiences. Nearly half of all adults watch food videos on YouTube – but Millennials watch 30% more foodie footage than other demographics.
  13. 13.  Food and beverages are uniquely suited to Millennials desires to experience life, share their passions and express themselves. They are comfortable in the kitchen and love to socialize around food. 13 Half of Millennials Self-Identify as “Foodies” www.brandamplitude.com http://marketrealist.com/2013/12/craft-beer-attracts-millennials-consumers-momentum/?utm_source=yahoo&utm_medium=feed&utm_content=graph- 1&utm_campaign=craft-beer-attracts-millennials-consumers-momentum http://www.foxbusiness.com/personal-finance/2013/10/08/how-millennials-are-changing-wine-industry/ Millennials represent 30% of weekly wine drinkers, and are adopting wine at a faster rate than any other generation. According to Mintel, over 50% of Millennials have tried craft beer vs. 36% overall. Millennials eat out more frequently, and are less likely to cut back on dining out when money is tight. 64% eat out at least once a week. 65% of Millennials love cooking and consider themselves experts in the kitchen. 86% enjoy experimenting with new recipes, many of which they find on Pinterest! 68% of Millennial men describe themselves as ‘confident cooks’ Cooking DrinkingDining
  14. 14. 14 Millennials Have a Taste For … www.brandamplitude.com A recipe page on the Tabasco website is devoted to college and university students. Featured recipes include The All-Nighter, a drink made from Mountain Dew, Red Bull Energy Drink, and a dash of Tabasco brand Original Red Sauce http://www.forbes.com/sites/onmarketing/2014/07/21/no-longer-uncool-millennials-love-store-brands/ http://www.pancommunications.com/prspeak/2014/06/fancyfoodshow/ http://finance.yahoo.com/news/gardening-grows-millennials-dig-1-142000148.html http://www.forbes.com/sites/onmarketing/2014/01/13/how-less-bad-food-marketing-is-attracting- Special Flavors & Ideas Locally Grown/Fresh  Millennials are choosy when it comes to food. They favor ethnic, fresh, antibiotic free and organic foods and avoid processed foods and mainstream flavors. 52% say they support the local food movement. Gardening is growing as the #1 hobby in America, with 5 million more households digging in and planting than in 2010, driven by Millennials' interest in edible gardening. Farmers markets are increasingly popular. Millennials scrutinize food labels, especially when it’s for their kids! 46% look for foods with few ingredients and 41% buy organic whenever they can. Many say Kashi is among their favorite brands. Healthy/Organic
  15. 15. 15 Millennials Have Embraced Ethnic Cooking www.brandamplitude.com 9 11 13 13 13 17 17 18 20 20 28 36 51 55 15 17 22 20 21 29 22 26 27 23 37 52 58 57 20 21 24 27 24 29 28 33 31 29 40 51 62 63 0 10 20 30 40 50 60 70 Korean (eg bulgogi, bibimbap) Greek (eg spanakopita, moussaka) Thai (eg pad Thai) Indian (eg tandoori chicken, palak paneer) Caribbean (eg jerk chicken) Japanese (eg sushi, ramen, tempura) Middle Eastern (eg falafel, hummus) Spanish (eg paella, tapas) Mediterranean/Middle Eastern food use Cajun/Creole (eg gumbo, jambalaya) Chinese (eg chow mein, kung pao chicken) Asian food use Mexican/Hispanic food use Italian (eg chicken parmigiana, pasta primavera) % Preparing Ethnic Food at Home by Age (Mintel, Jan 2014) 25-34 18-24 All Adults
  16. 16.  Female Millennials grocery shop as frequently as other adults, while males Millennials grocery shop more often.  Millennials spend more on groceries and enjoy it more than other adults. 16 How Millennials Shop for Food www.brandamplitude.com Grocery Shopping Frequency All Adults Male, 18-34 Female, 18-34 More than once a week 27% 36% 27% Once a week 46% 41% 40% 2-3 times per month 22% 19% 29% Once a month or less 6% 6% 4% Source: Mintel, February 2014 Average Weekly Grocery Expenditures All Adults $106 18-34 Years $114 All Adults 42% 18-34 Years 54% “I Enjoy Grocery Shopping”
  17. 17.  Millennials are more likely to build shopping trips around a particular recipe. They also place less emphasis on special discounts in their menu planning than do other generations.  More than 25% of their meals include items they bought on the same day. 17 Millennials Emphasize Freshness www.brandamplitude.com http://www.washingtonpost.com/news/business/wp/2014/08/28/how-we-shop-for-food-is-changing-in-three-charts/ From store shelves… … to table in same day.
  18. 18. All Adults Male, 18-34 Female, 18-34 I usually use coupons 46% 35% 33% I look at retailers’ circulars (in- store or online) to see what’s on sale 42% 34% 26% I compare prices while shopping in-store through an app on my smartphone 15% 23% 17% Source: Mintel 18 Millennials Love to Save www.brandamplitude.com Private Label Much of the growth in store brands is driven by cost- conscious Millennial shoppers. They especially like store brands like Target’s Archer and Up and Up that still feel cool.  Millennials are careful shoppers who love a good deal, but they are less likely to use coupons or newspapers circulars than to go online or use an app while shopping. Grocery Shopping
  19. 19.  Millennials are less likely to have regular food routines. They eat when they are hungry, which often means more frequent, smaller meals and snacks.  They tend to get together for drinks and snacks regularly. Restaurants have responded with ‘small plate’ menus, and items like McDonald’s Snack Wraps. 19 Millennials Are Snackers www.brandamplitude.com http://millennialmarketing.com/wp-content/uploads/2012/05/Kind.jpg
  20. 20. Authenticity  Authentic origins story,  Regional associations  Discoverable, not mainstream  Not trying too hard to be hip 20 “Ingredients” for Connecting with Millennials www.brandamplitude.com Accessibility  Whole Foods, Trader Joes are preferred  Online presence  Farmers markets  Specialty stores Integrity  “Clean label” is minimum requirement  Organic a plus  Interesting flavors that enable creativity and self-expression
  21. 21.  New regional brand appears to have many of the qualities Millennials seek: – Ethnic – Socially conscious – Social media 21 Millennial Friendly: Mike’s Organic Curry Love www.brandamplitude.com http://www.mycurrylove.com/
  22. 22. 22 Mike’s Organic Curry Love www.brandamplitude.com Authentic Proudly organic Helpful, visual, delicious Accessible Omnichannel
  23. 23.  Millennials are a large, influential and growing demographic  Connecting with Millennials requires understanding their values and passions  Brands connect with Millennials by helping them express their passions  Millennials see food and drink as an opportunity for self-expression and social credibility – Reflection of values and interests – Creative and customizable – Inherently sharable  Millennials shop more frequently, often with a specific recipe in mind.  Leverageable ‘ingredients’ for building a Millennial-friendly food brand include: – Clean label – Healthy, organic, ‘fresh’ ingredients – Unique flavors or ethnic options – Accessibility – be where they are looking – Authentic “story” – Social media presence 23 Re-Cap www.brandamplitude.com
  24. 24. Carol Phillips carol@brandamplitude.com 269-429-6526 Judy Hopelain judy@brandamplitude.com 415-810-8268 To Learn More, Contact Us: 24 www.brandamplitude.com

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