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Market Data 08/02/2018

Functional food and drink brands should study generation gap to launch suitable formats

Consumers usually prefer food and drink formats over pills or tablets for the delivery of health enhancing ingredients. However, this preference for formats is not consistent across all age groups.

Functional food and drink brands should study generation gap to launch suitable formats
(Photo: GlobalData)

Consumers usually prefer food and drink formats over pills or tablets for the delivery of health enhancing ingredients. However, this preference for formats is not consistent across all age groups. Therefore, functional food and drink brands should carefully study the differences between the generations of consumers in more detail for their successful product launches, says leading data and analytics company GlobalData.

An analysis of the company’s Q4 2017 global consumer survey reveals that even though food is the most preferred format among all formats across all age groups, the majority of the Silent Generation chooses food as the preferred consumption format (89 %) compared to Millennials (85 %).

The gap between generations is conspicuous when it comes to drink format. According to the survey, younger consumers are more likely to opt for drinkable formats over pills or tablets for the delivery of health enhancing ingredients. The survey showed that drinks are favored by 60 % of Millennials and 58 % of Generation X consumers but only 52 % of Boomers and 48 % of Silent Generation consumers.

On the other hand, preferences for food and supplements (in the form of pills or tablets) that deliver health enhancing ingredients are relatively consistent across all age groups.

Aleksandrina Yotova, Consumer Markets Analyst at GlobalData, comments: “Functional drinks brands should therefore target Millennials and Gen X-ers specifically with innovative launches that respond to younger generations’ requirements for convenience, simplicity and effectiveness.”

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