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March 15, 2019

Time for drinks companies to switch from Millennials to Generation Z – research

Brand owners will need to keep up with the endless list of food and drink 'I wants' in order to connect with Generation Z consumers determined to express themselves through what they buy, according to the latest report from FUTURES, the new insights service from just-food and sister site just-drinks. 

By Leonie Barrie

Brand owners will need to keep up with the endless list of food and drink ‘I wants’ in order to connect with Generation Z consumers determined to express themselves through what they buy, according to the latest report from FUTURES, the new insights service from just-food and sister site just-drinks. 

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Growing consumer concern regarding health and wellbeing has increased the focus on reducing sugar consumption. This has driven food and beverage manufacturers, alongside governments, to take measures to meet this challenge. In addition, the pandemic heightened the focus on self-care, including implementing healthy eating to support the immune system. Now more than ever, consumers are paying attention to the amount of sugar and calories in the products they purchase. Access GlobalData’s new whitepaper, The Sugar Reduction Challenge – Past, Present and Future Outlooks within Beverages, to better understand the recent trends in sugar demand, how manufacturers and governments have responded to the challenge, and what solutions are available to the industry. The white paper covers:
  • The key factors behind the recent trends in sugar consumption
  • What is driving consumer choices when shopping for food and beverages?
  • How companies and governments are stepping up their efforts to meet consumers’ expectations
  • The outlook for sugar demand
  • Which ingredients stand to benefit from these future developments?
Enter your details here to receive the free whitepaper.
by GlobalData
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Connecting with Generation Z‘, which has been published today, has found that digitally-savvy, politically aware and control-orientated ‘Gen Z-ers’ are using their spending power and access to information to buy from companies that make a positive social impact. Generation Z is defined as people born from the mid-1990s to the early 2000s.

“Having never known a world without iCloud, iPlayer and iPad, it comes as no surprise that Gen Z-ers, also known as the ‘iGeneration’, are backing ‘i’ when it comes to investing in their own choices, making an impact, and being individualistic,” said FUTURES editor Lucy Britner. “This is why food and drinks companies need to consider everything from collaborating with tech companies and examining the place of influencers, to looking at environmental credentials, in order to engage with the iGeneration.

“As Gen Z enters the workforce, becomes old enough to drink and enjoys increased spending power, drinks companies will have to shift their Millennial mindset to make way for a very different set of priorities.”

Key features in the report include megatrends driving Gen Z behaviour, a focus on Gen Z in China from experts at marketing specialist Hot Pot, an examination of Gen Z in the workforce from executive coaches at The Preston Associates and seven things food and drinks companies can start to do now.

Launched in October 2018, FUTURES focuses on the key trends that threaten to disrupt the food and drinks industries – from new technologies to changes in consumer behaviour – and provides insight into how businesses can respond. Previous reports have examined the growth of autonomous grocery delivery, exploring the world of cannabis in food and drinks, the war on plastic, the future of personalised nutrition, and the rise of smart technology.

Visit the just-drinks FUTURES microsite to download this report  – and the previous five – for FREE.

Related Companies

Free Whitepaper
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Understand the impact of decreasing sugar consumption on the F&B market

Growing consumer concern regarding health and wellbeing has increased the focus on reducing sugar consumption. This has driven food and beverage manufacturers, alongside governments, to take measures to meet this challenge. In addition, the pandemic heightened the focus on self-care, including implementing healthy eating to support the immune system. Now more than ever, consumers are paying attention to the amount of sugar and calories in the products they purchase. Access GlobalData’s new whitepaper, The Sugar Reduction Challenge – Past, Present and Future Outlooks within Beverages, to better understand the recent trends in sugar demand, how manufacturers and governments have responded to the challenge, and what solutions are available to the industry. The white paper covers:
  • The key factors behind the recent trends in sugar consumption
  • What is driving consumer choices when shopping for food and beverages?
  • How companies and governments are stepping up their efforts to meet consumers’ expectations
  • The outlook for sugar demand
  • Which ingredients stand to benefit from these future developments?
Enter your details here to receive the free whitepaper.
by GlobalData
Enter your details here to receive your free Whitepaper.

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