the young seafood consumers...26.03.2019 the young seafood consumer 3 each generation came of age...
TRANSCRIPT
The young seafood consumers
Frank Isaksen
Chief Analyst, Norwegian Seafood Council. [email protected]
26.03.2019
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The mindset
….Generational
similarities and
differences
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Each generation came of age when different political,
social, and technological events took place
Baby Boomers (1946 - 1964) – Expansion of TV
Generation X (1965 - 1980) – Computer revolution taking hold
Millennials (1981 - 1996) – Internet, mobile
Generation Z (1997 - present) – Apps, Environment
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71 million millennials in the US
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Source: Euromonitor international
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• Environment
• Health
• Convenience
• Technology
The Environment
The past is
catching up
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A green shift
•Consumers
•Universities
•Retail
•Environment
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…………………………………
Protein producer and sustainability – The FAIRR index
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Health
Seafood
The Seafood Consumer Index (SCI)
• It’s healthy
• It’s easy to make
• It tastes good
• It’s quick to prepare
• It’s lean
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Annual consumer survey which has
been conducted over the course of 8
years.
The database consists of 200.000
respondents in 32 countries
The survey is about attitudes,
preferences and behavior related to fish
and seafood.
The Seafood Consumer Index (SCI)
0
500
1000
1500
2000
2500
3000
Re
sp
on
de
nts
USA
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How
often do
you eat
fish?
How often do
you eat fish
or seafood?
foto_johan_wildhagen-8869
The Seafood Consumer Index (SCI)
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The Seafood Consumer Index (SCI)
22%
14%
21%
8%
12%
0%
5%
10%
15%
20%
25%
It's healthy It's easy to
make
It tastes good It's quick to
prepare
It's lean
18-34
35-49
50-65
Environment &
Health
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“Dietary changes from currentdiets toward healthy diets arelikely to result in significanthealth benefits.”
EAT-Lancet Commission
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Planetary Health Diet
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Products,
Packaging, &
Communication
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The Seafood Consumer Index (SCI)
Fresh Frozen Smoked
2016 54% 44% 15%
2017 57% 42% 15%
2018 60% 46% 20%
0%10%20%30%40%50%60%70%
AllFresh Frozen Smoked
2016 55% 46% 19%
2017 61% 46% 16%
2018 63% 50% 21%
0%
10%
20%
30%
40%
50%
60%
70%
18-34
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What, how, when, where
…and informed?
Amazon
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Amazon Go…No lines, no checkout – Just grab and go…
Delivery
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Amazon
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Apps
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Food delivery
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Food delivery…some of the companies…
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*Includes takeout and delivery †Food only
The restaurant food delivery market
More people get access to grocery home-delivery
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Sources: William Blair (third-party restaurant platforms–estimates and projections); the
company (Instacart accessibility); Deutsche Bank (Instacart market share)
Online grocery sales – Relatively small, but growing fast
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Walmart and the total Online grocery market
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Delivery Costs – Heading towards a sustainable business
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Food delivery: Convenient, eco-friendly, economically
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Summary
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Additional consumer demands
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• As always: Ever increasing new flavors and meals
• Healthy, eco-friendly and social friendly
E.g. FAIRR Index, EAT forum, Environmental certification
• Traceability, transparency, communication.
E.g. block-chain technology
• Products and packaging suited for different meal types, self
servicing and home delivery
Thank you!