Millennials
don't cook much. Last June UBS published
a 82 page report entitled "Is the Kitchen Dead?" In it they predicted that by the year 2030
most meals would be cooked outside of the home and delivered. (Chong, 2018)
As a
company that makes spices for home cooking, McCormick must have been pretty
discouraged by that finding. But 2030 is
still a while away and in the meantime they have an opportunity to take advantage
of the fact that at the moment some consumers do cook. But not surprisingly the percentage that
does, decreases with age.
Frequency of Cooking at Home by Generation
generation
|
Everyday
|
A couple times a week
|
Once a week
|
A couple times a month or less
|
Never
|
Millennials
|
49%
|
37%
|
6%
|
5%
|
3%
|
Gen X
|
58%
|
32%
|
5%
|
4%
|
1%
|
Boomers
|
62%
|
29%
|
3%
|
4%
|
2%
|
Silent
|
62%
|
24%
|
3%
|
6%
|
4%
|
gobranded.com
(Miles, 2017)
Which
brings us to the question of how to engage Millennials in cooking. Enter BuzzFeed and Tasty. In case you missed it, according to the
latest data, BuzzFeed has a global audience of 650 million people and reaches
60% of Millennials in the U.S. (Smith, 2019)
While
Tasty currently has about 4 million subscribers who are looking at 700 million
videos weekly. (2019)
Perhaps
more importantly, Buzzfeed has shared data about Millennial cooking and
shopping trends and McCormick has used these to develop new Tasty Seasonings Blends with flavors
such as Fiery, Zesty and Jazzy, which will be introduced this spring. (Guaglione, 2019)
I have
to admit as a Baby Boomer those designations don't do much for me. But then again I am not the target for the
effort. But perhaps I should be, as it
is easier to convince a customer who is already using your product to use it
more, than it is to get a new customer.
Or
perhaps Gen X would have been a better target.
They're already cooking more than Millennials, and since they are 39 -
54, their doctors are probably getting on their cases to clean up their eating
habits. And then there's Gen Z, who
maybe spearheading a back-to-basics approach to life.
So,
what do you think? Does it make sense to
target Millennials given the availability of relevant data and a medium that
reaches them? Or would it make more
sense to reach out to a different segment?
Perhaps a different generation? Or
ethnicity/gender?
Chong,
A. (2018, June 26) Millennials Are
Ordering More Food Delivery, But Are They Killing The Kitchen, Too? forbes.com. Retrieved April 2, 2019, from
Miles,
K. (2107, October 24) To Cook Or Not To
Cook? Generational Differences In Cooking Habits. gobranded.com. Retrieved April 2, 2019, from https://gobranded.com/branded-poll-to-cook-or-not-to-cook/
Smith,
C. (2019, March 24) 38 Amazing BuzzFeed
Statistics and Facts (2019) dmr.com.
Retrieved April 2, 2019, from
https://expandedramblings.com/index.php/buzzfeed-statistics/
(2019,
April 1) Channel Changes For Tasty. statsheep.com. Retrieved April 2, 2019, from
1 comment:
I have to say i was surprised by the fact that 49% of millennials cook daily. It is a larger market than what I expected, but maybe we must segment this even more. For example, what to they actually cook? Maybe they are doing mac&cheese and scrambled eggs, as practical as they are. I do think that the partnership with Tasty is a great idea, but it would be interesting to know how much investment they are putting into this (specially producing 5 new flavors) and how much return they are expecting. Maybe it was a better idea to show their current products in their videos.
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