Millennials started a trend of using pantry and refrigerator items as social signalers, in the same way they might wear a designer label on their clothing.
The global market for sauces and condiments is on track to increase from $172.8 billion in 2021 to $240.7 billion by 2028, according to a recent Research and Markets report.
A number of research reports have found that younger generations — Millennials and Gen Z — are more likely to be influenced by a company’s sustainability initiatives.
Daymon’s 2022 Consumer Holiday Study, a survey conducted in October, found that 42% of Gen Z and Millennial consumers are hosting their own holidays this year, and their holiday shopping behavior is different than the older generations.
Snacking is king, and instore bakeries are adapting with smaller-sized products and other goodies tailored to Americans’ boundless appetite for snacks.
Millennials are thinking differently about their health than older generations, and the shift suggests some interesting potential opportunities for retailers, according to Barrington, Ill.-based consultancy Brick Meets Click.