rca 2015 generation z and the future of food

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Page 1: Rca 2015   Generation Z and the Future of Food
Page 2: Rca 2015   Generation Z and the Future of Food

Why Do People Differ Across Age?

Age effectsPeople Change

Cohort effectsCircumstances Change

Page 3: Rca 2015   Generation Z and the Future of Food

Last Four Generations

Boomers (1946 – 1964)The first ”modern” children, adolescents and adults. Holds the current definition power in Western societies. Will never grow old.

Generation X (1965 – 1982)The latchkey kids who became helicopter parents.

Grown up in the shadow of the counter cultural movement and the Boomers

Millennials (1983 – 1995/2004)Children of doting helicopter parents. Great optimism and strong ego. More diverse and tolerant, but also more narcissistic.

Generation Z/ Homelander (1996 – 2010 or 2004+)Googlito Ergo Sum: I google + Google knows me = I exist

Page 4: Rca 2015   Generation Z and the Future of Food

Society

Technology

Environ-ment

PoliticsEconomy

Food Gen Z

Context

Multi-Generational

S.T.E.E.P.

Page 5: Rca 2015   Generation Z and the Future of Food

Demographics and Social

▪ Culturally and ethnically diverse

- racially mixed (54% Caucasian)

- living without both parents(31%)

▪ Baby bust: birth rate dropped 10% since 2007

▪ Parenting: from helicopters to drones -millennial moms not as indulgent?

Page 6: Rca 2015   Generation Z and the Future of Food

Social and Cultural

▪ A less “delinquent” generation (booze & drugs are down)

▪ Halted/reversed child obesity

▪ Look up to parents

▪ Mental stress/eating disorders up

▪ But failure is increasingly an option

Page 7: Rca 2015   Generation Z and the Future of Food

▪ Digital Natives

▪ Multitask between 5 screens

▪ 8 seconds’ attention span

▪ Communicates in pictures

▪ Expects

- customizable interfaces,

- instant gratification

▪ But troubled by loss of privacy

▪ and prefers Face-to-Face!

Technology

Page 8: Rca 2015   Generation Z and the Future of Food

Environment

▪ Will be 9 billion people when grown up

▪ Will face climate change and resource depletion

▪ Innate sense of sustainability

▪ Wholesome, bio-diverse

▪ Attuned to “green-washing tactics”

▪ Generation Z girls more likely to be vegetarians for ethical and diet reasons

Page 9: Rca 2015   Generation Z and the Future of Food

Economics

▪ Financially cautious and realistic

▪ More entrepreneurial, less college-bound than Millennials

▪ Expects flexible payment options,

e.g. mobile payment

▪ Open to the “sharing economy”

▪ Favors “access” to “ownership”

Page 10: Rca 2015   Generation Z and the Future of Food

Little Foodies

▪ Generation Z nutritionally conscious

▪ More inclined to cook from scratch

▪ Eating in beats eating out

▪ Ethnic, cross-over, fusion foods

▪ Demands transparency

(environment, animals, people)

Good-bye McDonalds, Hello Chipotle!

Page 11: Rca 2015   Generation Z and the Future of Food

Emerging Food Snobs?

She’s brings plain green tea for lunch -

not top grade Matcha Tea like we do!

Page 12: Rca 2015   Generation Z and the Future of Food

Wildcards & Speculations

▪ Increasing interest for ‘urban homesteading’

▪ Food cart/trailers, pop-up restaurants?

▪ Science backlash? Anti-GMO/ Anti-Vax

▪ Vertical farming

▪ In-vitro meats

As future parents:

▪ Continuing breastfeeding trend

▪ Might choose “less bad” to balance cost concerns

Page 13: Rca 2015   Generation Z and the Future of Food

Thank You!

To learn more please visit

Afterthemillennials.com

@aftermillennial

512-568-4941