INTRODUCTION
This report examines specific consumer segments. Such segments include
tweenagers, teenagers and young adults, consumer who live alone and seniors. The
report illustrates how these consumers behave, their needs and consumption
patterns. It will therefore be vital reading to any company wanting to improve
the way they target these consumer segments.
SCOPE OF THE REPORT
- Specific analysis of incomes, employment patterns, living arrangements and
CPG spending by different segments.
- Detailed action points pinpointing how to devise effective marketing
concepts that appeal to senior consumers.
- Historical data and forecasts on tweens' income from pocket money,
handouts and odd jobs
- Detailed analysis of the characteristics of singles at four different
lifestage, and the need-states generated by living alone.
REPORT HIGHLIGHTS
Although seniors show greater awareness towards healthy eating and drinking,
prevalence of obesity and cholesterol levels remain high. Marketers must resolve
the indulgence versus health issue and focus on communicating product benefits
rather than emphasizing the problems they seek to counter.
More tweens are
becoming "eating individualists" with a large degree of autonomy over
what they eat. Crucially this means that tweens' influence over what is bought
by their parents is also increasing.
The most valuable market segment is Late
Mid-lifers - especially those who have never married. They are independently
minded, place a high priority on enjoying their life and have a higher than
average disposable income, making them a good target for premium goods in all
CPG arenas.
KEY REASONS TO BUY THIS REPORT
- Obtain key, concise data about social trends affecting seniors' lifestyles
and consumption behavior
- Identify and target tweenagers main need states effectively
- Single consumers spend more on CPG find out how to make them spend their
money on your products
Table of Contents
CHAPTER 1 EXECUTIVE SUMMARY
- Tweenagers
- Teenagers and young adults
- Consumers living alone
- Seniors
- Action points
- Tweenagers
- Teenagers and young adults
- Consumers living alone
- Seniors
CHAPTER 2 INTRODUCTION
- Who is the target reader?
- How to use this report
CHAPTER 3 TWEENAGERS
- Segmenting the tweenage market
- The emergence of the tweenager
- The number of tweenagers
- Reasons for the current interest in tweenagers
- A marketing niche that has arrived
- Social trends are also responsible for the tweenage phenomenon
- Sizing the tweenage opportunity
- Discretionary income
- Non-discretionary income
- Tweens affect more than just what they spend themselves
- Tweenagers – general profile and characteristics
- Developmental compression – getting older, younger
- Marketing awareness and media saturated
- Youth and tweenage food and drink habits
- A reinterpretation of tweenagers is required
- Current approaches to the tween are failing
- The danger of "over-segmenting" the youth market
- Tweenage consumer needs and their implications
- A new perspective on marketing to tweens
- A model for marketing to tweens
- Assessment of tween purchasing behavior by category
- Targeting parents versus targeting tweens
- Conclusions
CHAPTER 4 TEENAGERS AND YOUNG ADULTS
- Key contexts and the overall importance of 14-24 year olds
- The need for effective segmentation
- The major 14-24 year old lifestages
- Living arrangements also affect habits
- Socio-cultural contexts
- Lifestages and their affect on 14-24 year olds' needs
- Need states of 14-24 year olds
- Marketing characteristics of 14-24 year olds
- 14-24 year olds – born cynics?
- The increasing 'sophistication' of brand interpretation
- Creating influence – the marketing of coolness
- General need states of Teenagers
- Teenagers' CPG consumption habits and attitudes
- Students
- Marketing to Students
- Students' CPG consumption habits and attitudes
- Students' CPG buying behavior
- The Newly Employed
- Group development and income
- Marketing to the Newly Employed
- Conclusions
CHAPTER 5 CONSUMERS LIVING ALONE
- Singles living alone – why target this market?
- Consumer groups and characteristics
- Young Adults
- Early Mid-lifers
- Late Mid-lifers
- Seniors
- General needs of those living alone
- Limitations of space
- Communication
- Fun
- Comfort
- Consumer group specific need states
- Single Young Adults
- Single Early Mid-lifers
- Single Late Mid-lifers
- Single Seniors 50 – 64
- Single Seniors 65 years and older
- Conclusions
CHAPTER 6 SENIORS
- Defining and segmenting Senior consumers
- Trends regarding Seniors
- Seniors represent a large and growing segment
- Older consumers possess a greater level of disposable income
- Marketers currently lack interest in Senior consumers
- Important social issues affecting Europe' s Seniors
- A need to continue working later in life
- Seniors are facing up to reduced pensions
- Understanding Senior lifestages
- Seniority marks an important period of change and re-evaluation
- Marketers can capitalize on trigger points to change buying habits
- Understanding the life history of Seniors
- Period effects must be understood for effective marketing
- A new age of Senior consumerism
- Changing expectations concerning quality of life
- Seniors are more hedonistic than in previous generations
- Seniors and health
- As health deteriorates, specific nutritional requirements occur
- Marketers must resolve the indulgence versus health issue
- Only now are older consumers becoming increasingly active
- Seniors value and trust health professionals
- Communicating with Senior consumers
- Most Seniors are proud of their age
- Seniors are equally as cynical as younger generations
- Many current Seniors feel ignored, alienated and stereotyped
- Older adults often rely upon informal sources of information
- Sector specific insights - food
- New flavors for food and drink help to create excitement
- Seniors value convenience but want to maintain pride
- Seniors are becoming an important part of the snacking trend
- The sense of taste declines with age
- Sector specific insights - drinks
- Dehydration is particularly prolific amongst the elderly
- Seniors respond particularly well to drinks they grew up with
- Less of the best – Seniors will premiumise drinks purchases
- Alcohol as a healthy solution to ageing problems
- Sector specific insights – personal care
- Alleviating dryness is as important as wrinkles
- Increasing mouth and body odor problems
- Conclusions
CHAPTER 7 ACTION POINTS
- Tweenagers
- Picking the right course of action
- Determine strategy on a category by category basis
- Drinks categories – split tactics between juices and carbonates
- Food categories – a mixed bag of tactics is required
- Personal care – target the tween directly
- Make use of "step stone" brands
- Teenagers and young adults
- Target groups with highly tailored messages
- Add 'coolness' to a greater variety of food and drinks
- Case study: Levis - regaining the lost 'cool'
- Offer control, flexibility and fun to Teenagers
- Address Student needs as they adjust to living away from home
- Target the 'switching' nature of the Newly Employed
- Embrace the new media and communication methods
- Consumers who live alone
- Target Single Young Adults' need to socialize
- Increase share of on-trade spending through unique brand appeal
- Sell Single Young Adults personal care for themselves, not others
- Help Early Mid-lifers enjoy their status and attract partners
- Educate Early Mid-lifers as they experiment with premium drinks
- Focus on fighting age, pampering and building confidence
- Target Late Mid-lifers desire to enjoy the "good life"
- Help Seniors to enjoy their lives for as long as possible
- Target the "less of the best" attitude to drinks
- Target key single person consumption occasions
- Target going out occasions
- Packaging must answer single person household needs
- Busy lifestyles suggest new product formats
- Seniors
- Update conventional marketing approaches
- Target Seniors' core values with your marketing concept
- Resolve the paradox between 'age' and 'youth'
- Show sensitivity to the inequality amongst Seniors
- Use packaging to facilitate ease of product use
- Communicate more effectively
- Promote product as an escapism of problems facing old age
- Remove risks for older consumers
CHAPTER 8 APPENDIX
- Definitions
- Research methodology
- References
- Tweenagers chapter
- Teenagers and young adults chapter
- Seniors chapter
- Datamonitor custom research capabilities
- SPP writing team
- How to contact experts in your industry
List of Tables
- Table 1: Tweenagers by country (millions and % population), 1997-2007
- Table 2: European tweens' sources of discretionary income (per
week), 1997-2002
- Table 3: Tweens' non-discretionary income (per week), 1997-2007
- Table 4: Children and young adults who state that "above all, they
eat what they wish" , 2000
- Table 5: Portion of children' s and young adults' budget devoted to
food, 2000
- Table 6: Five to 17 year olds, minutes taken to eat different main meals,
2000
- Table 7: Percentage of children and young adults who state that they eat
the following every day, 2000
- Table 8: Children and 14-24 year olds who state that "above all, they
eat what they wish"
- Table 9: Percentage of children and 14-24 year olds who state that they
eat the following every day
- Table 10: Relative importance of Consumer Packaged Goods to nest-leavers
- Table 11: Number of single person households in Europe (m), 1997-2007
- Table 12: Single person households as a percentage of total households.
Europe 2002
- Table 13: Levels of exercise taken by age group, Europe 2001
- Table 14: Quantifying mega-lifestage durations
- Table 15: Profiling the 50-plus lifestage
- Table 16: Important values, behaviors and attitudes associated with the
period effect
- Table 17: Europeans selecting factors perceived to be the most important
influences on health (%), by age, 2002
- Table 18: Sources of information for Europeans seeking advice on healthy
eating, (%) by age, 2002
- Table 19: An analysis of product categories featuring 50-plus models in
advertisements
- Table 20: Advertising agency executives' recommendations for ads
containing an older central figure when targeting an older audience
- Table 21: Identifying key needs by age for Seniors
- Table 22: Potential 'coolness' opportunities
- Table 23: Global mobile phone users, 2001
- Table 24: Definitions of terms used in the Tweenagers chapter
- Table 25: Definitions of terms used in the People Living Alone chapter
- Table 26: Definitions of terms used in the Seniors chapter
List of Figures
- Figure 1: Groups in the youth market
- Figure 2: Regression of the proportion of budget spent on food against
calorie intake, boys and girls, 2000
- Figure 3: Tweenage development
- Figure 4: Model of product design and age targeting
- Figure 5: Map of tween influence by category
- Figure 6: Life events experienced that impact on consumption behavior
- Figure 7: Map of tween influence by category
- Figure 8: Datamonitor' s core consulting capabilities