A new study by Nielsen Consumer & Media View research shows that just over half (53 per cent) of Aussie Millennials said they consumed alcohol in the past month, compared with 65 per cent of Gen Xers (aged 35 to 54) and 72 per cent of Boomers (aged 55-plus). As such, Millennials pose a challenge to alcohol marketers because of the range of factors that influence their drinking choices.
Millennials rate beer as their favourite tipple with 26 per cent having consumed it in the past month - slightly less than the 34 per cent of Gen Xers and 33 per cent of Boomers. Compared to all other consumers of a legal drinking age, however, Millennials are more open to other drink choices. This group is:
● 33 per cent more likely to have consumed cider (16 per cent said they had in the past month)
● 55 per cent more likely to have consumed vodka (10 per cent)
● 18 per cent more likely to have consumed premixed drinks (nine per cent)
New drinks, new ideas, food and technology all appeal to alcohol-consuming-Millennials who are more likely to see themselves as trendsetters amongst their friends and are willing to pay extra for products that are consistent with the image they want to portray.
Millennials look for value but they also rate health factors such as low carb, calories, vitamin-fortified and organic as very important; compared to Boomers who favour value and price, particularly when purchasing beer and cider.
Marketers aiming to engage Millennial drinkers need to consider more than brand or product because 62% of them are willing to reject brands, products and services based on concerns around their impact on the environment.
Millennials are out and about more than the older generations, with 52 per cent visiting a bar or pub in any given week with a mobile phone clutched in the hand: more than half (54 per cent) agree that they cannot live without their mobile phone. While they may drink less overall, Millennials are still an important group. In the past month, Millennials who bought alcohol on premise were more likely to have spent more than both Gen Xers and Boomers.