Introduction Amid an aging population, Millennials account for close to 50% of the base between Millennials, Gen Xers, and Boomers. Also, most well-established FMCG product categories in India have a major share of their market accounted for by Millennials. Given the fast-changing attitudes and behavior of the Millennials, they need specific understanding for FMCG brands to be profitable on the long run.
Features and benefits
Draws from insights obtained through two waves of Annual Consumer Surveys conducted in India between 2010 and 2011.
The report presents patterns in Millennials' media usage, socializing, and other lifestyle attributes, and distilling actionable insights from within
The analysis is not only within the Millennials, but also presents key differences with respect to older generations such as Gen X-ers and Boomers.
Relevant case studies and brand analyses in the report make for robust contextual understanding of successful efforts to connect with Millennials.
The report presents tangible product areas and marketing communication opportunities, that FMCG firms need to use to connect with the India Millennials Market.
Having grown up in a more liberal society, with diverse product categories, experiences, and avenues to express their thoughts, Millennials place a lot of importance on "brand me". While most brands try to build a strong connect with what the brand stands for, Millennials rate "individuality" and "being able to express oneself" as more important.
A key differential in the case of Millennials as compared to older consumers is the use of a variety of media in addition to word-of-mouth. Living in a world of collaborative intelligence, Millennials are conversant with not only traditional Indian know-how, but also best practices from across the world.
Calories consciousness extends to even eating at home, and is more pronounced than eating out. Compared to the previous generation, the Millennials are part of a 'visual society', where an increasing stress on appearance heavily dictates what constitutes the dietary regime.
Top Trends to Shape the Future of the FMCG Industry in India - http://www.reportsnreports.com/reports/118694-top-trends-to-shape-the-future-of-the-fmcg-industry-in-india.html
European FMCG Vertical Market Map 2010 http://www.reportsnreports.com/reports/53047-european-fmcg-vertical-market-map-2010.html