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Insight of the Day: Six trends influencing gen Z and millennial shoppers

Findings:

  • Gen Z and millennials prioritize sleep and are willing to adjust their diets for better sleep quality.

  • Mental health is a top concern, with stress being a major factor influencing career choices.

  • Functional foods are gaining popularity, driven by health goals like energy, mental well-being, and sleep improvement.

  • Hormonal health is a significant concern, with many willing to change jobs for better support.

  • Longevity is a priority, with a focus on healthy practices and immediate action.

  • Nutrition remains important despite economic challenges, with consumers cutting back on non-essentials to afford healthier eating.

Key Takeaway:

Gen Z and millennials are health-conscious and prioritize well-being, even in the face of economic challenges. They are willing to make sacrifices and seek out products that support their physical and mental health, hormonal balance, and longevity goals.

Trends:

  • Sleep and mental health are top priorities for Gen Z and millennials, who are actively seeking solutions to improve these aspects of their lives.

  • Functional foods are gaining popularity as consumers look for products that offer additional health benefits.

  • Hormonal health and longevity are emerging trends, with growing awareness and demand for products that support these areas.

  • Consumers are prioritizing nutrition despite economic pressures, indicating a strong market for affordable, healthy products.

Conclusions:

  • Fmcg companies have a significant opportunity to cater to the health and wellness needs of Gen Z and millennials by developing products that address their specific priorities.

  • Transparency, credibility, and collaboration with experts are crucial for building trust with this demographic.

  • Embracing technology and personalized solutions can further enhance the appeal of functional foods and other health-focused products.

  • Offering budget-friendly options that prioritize quality can attract price-conscious consumers without compromising on health benefits.

Implications for Brands:

  • Focus on developing products that promote sleep quality, stress reduction, mental well-being, hormonal balance, and longevity.

  • Communicate clearly about the benefits of functional ingredients and collaborate with experts to build credibility.

  • Utilize technology to offer personalized solutions and recommendations based on individual needs and preferences.

  • Create budget-friendly product lines that maintain high quality and offer value to consumers.

  • Raise awareness about the importance of nutrition in overall health and well-being, even in challenging economic times.

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