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Millennial Food and Beverage Preferences: A Deep Dive Into What They Really Think Based on What They Say and Do Online

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Page 1: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Millennial Food and Beverage Preferences: A Deep Dive Into What They Really Think Based on What They Say and Do Online

Page 2: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Who We Are

Page 3: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

@CBDMarketing

Founded in 1988

40 Employees, Woman-owned

HQ in Chicago

Dog-friendly

Full-service agency

Primarily B2B

Integrated strategies

Advanced listening, measurement and marketing automation

CBD Marketing: Market What’s Meaningful

@SarahFlagg1

Page 4: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Why are we obsessed with Millennials?

Page 5: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

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Diverse and mysterious because of their age range

18 – 35 Younger Millennials may be in college or still living at home

Mid-range are out of school, in the workforce

Older Millennials may be buying homes and starting families

Page 6: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

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Together, they represent large portion of population and buying power.

¼ of population

$10 trillion lifetime buying power

It’s a mistake to treat them as one unit, but they do have some similarities

Technology savvy

Share thoughts and buying habits freely and frequently

81.3M

$200B

11 million 25-34 are parents

Page 7: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

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They share thoughts and buying habits freely and frequently

August 2016 – August 2017 in the US

Analyzed 12,491,797 social posts from millennials Demographics and sources

Trending topics and themes

Sentiment of product attributes

Popular brands and hashtags

Compared US and UK millennial sentiments

Data Set

Food Beverage Supplements

8,651,770 2,166,885 1,673,142

Page 8: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Conversation Demographics

Page 9: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

30%

21%

14% 10% 8%

4% 4% 4% 2% 2%

Caucasian Women Talking the Most

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Women: 62% Men: 38%

68%

11%

9%

8% 4%

Caucasian African American

Asian Hispanic

American Indian

Page 10: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Conversation Demographics

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Where they’re speaking

1. Social media comprised 83% of posts analyzed

2. Apps and domains

*Stats via ComScore and Ignite Visibility

0 5 10 15 20 25 30 35

Facebook

Instagram

Snapchat

Tumblr

Twitter

Hours/Month

Page 11: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Conversation Demographics

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Apps and domains

Amazon

Medium

Food 52

Whole Foods Magazine

BuzzFeed

Especially the comments

Page 12: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Millennial Preferences:

Page 13: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Millennials & Food

Healthy, natural food

Cooking and meal prep

Alternative distribution

Meal services, grocery delivery

Environmentally-conscious

Smoothies, breakfast

Cultural foods: Indian, Scandinavian

Dieting, fat-free

TV dinners, Hamburger Helper

Wal-Mart, multi-purpose grocery stores

Exceptions are Whole Foods, Trader Joe’s

Lack of transparency

Cravings, snacks

Steak and potatoes

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Page 14: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Health Drives Millennial Food Conversations

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Page 15: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Representative Post Samples

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Page 16: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Millennials & Supplements

Nutritional powders and gummies

Protein (especially plant-based)

Clean label; sustainable sourcing

Whey – for body builders and older millennials

Pills

Weight-loss

Impure ingredients

Whey – for women and younger millennials

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Page 17: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Shakes, Smoothies Prevalent in Social Images

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Page 18: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Millennials & Supplements

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Page 19: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

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79,000 Pill

mentions

797,390 Powder

mentions

Probiotics Protein

Kefir

Kombucha Vitamin E

Vitamin C

Vitamin D Matcha

Pea

Plant-based Superfoods Work

Useful

Suffered Get toned Important for health

Make you sick

Level

Toxic

Vitamins Essential vitamin

Quality

Best nutritional supplement

Alternative source

Antioxidant Dangerous

Mood swings

Post-workout

Migraines Before hitting the gym

shake smoothie

Protein Powder is Most Popular Supplement

Page 20: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Millennials & Beverages

Water: flavored, sparkling, plain

Plant-based milks

Better for you: energy, immunity, digestive

Alternative juices: aloe, coconut and juice blends

Teas: green tea, kombucha

Cold brew coffee

Soda

1998 – 54 gallons/year

2016 – 38 gallons/year

Dairy milk

1976 – 30 gallons/year

2016 – 18 gallons/year

Diet shakes

Cranberry juice, apple juice, OJ

Plain coffee

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Page 21: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

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Millennials & Beverages

Page 22: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Representative Post Samples

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Page 23: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Representative Post Samples

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Page 24: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

What Millennials Look for: Product Attributes and Trends

Page 25: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Price, Packaging Among Smallest Considerations

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Page 26: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Customer Journey: Focus on the Before

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Page 27: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Key Similarities & Differences Between US and UK Millennials

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Page 28: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Most Common Food Brands: US and UK Comparison

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UK US

Page 29: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Most Common Hashtags Across US and UK

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Food Beverages

Page 30: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Top Takeaways

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Millennial preferences will drive product and company changes.

Formulation changes

Calorie and sugar reduction

Ethical stances on issues

Page 31: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

5 Action Steps to do Today

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Provide content and education to help decision-making process

Search for conversation about your brand outside of your platforms

Use industry hashtags and influencers to spot trends

Be authentic and transparent; utilize a consistent brand voice

Delve into nuances between millennial subgroups to better understand this group

Page 32: Millennial Food and Beverage Preferences...Millennials & Food Healthy, natural food Cooking and meal prep Alternative distribution Meal services, grocery delivery Environmentally-conscious

Questions?

Thank you!