Alcoholic Drinks and an Aging Population

Published: February 2012
No. of Pages: 113
  

Consumers aged 50+ represent an attractive and significant market for alcoholic drinks. It’s now time to start paying more attention to them: they already represent a large section of society – and their numbers are growing; they are affluent, and they enjoy food, drinks, and convivial experiences. This report provides crucial insight and analysis of the aging population and alcohol consumption.

Features and benefits

  • Review a selection of alcoholic drinks advertising campaigns that have broken new ground by targeting middle aged or older consumers.
  • Understand the relative size of each age group for sales of your product. Predict how an aging population will change the markets that you compete in.
  • Gain insight into the types of alcoholic drinks that older consumers are buying into now – and what is likely to be popular in the future. .
  • Review products in the senior-friendly super-premium segment, as well as products that claim to benefit heart health, weight management and skincare.
  • Understand how the needs, preferences and aspirations of 50+ consumers differ from those of younger adults.

Highlights

The 50+ age group makes up 31% of the world's population and accounts for 30% of global spending on alcoholic drinks (though a lower share of volume). This age group accounts for 40% of wine spending, 37% of spirits spending and 22% of spending on beer, cider and FABs.

The 50+ age group typically accounts for about a half of all consumer spending and many want to live in style with premium products because they believe that have earned it. However, it is estimated that only 10% of marketing is directed at the 50+ age group, such that half of this group believes that businesses have little interest in their needs.

There is an opportunity for no, low, and lower alcohol products, because seniors are the most likely of all age groups to moderate or abstain from drinking. Older consumers are also interested in dietary products (low/no calorie/carb/sugar etc) which currently make up about 2% of new alcoholic drink launches.

Your key questions answered

  • How does spending on beer, wine and spirits change as people age? How does it shift between categories within these three types of drink?
  • What are the key lessons to be learned in marketing to the 50+ age group?
  • How have some alcoholic drinks companies started to practice ageless marketing?
  • Which spirits categories are popular with older consumers but have not yet developed a significant super-premium segment?
  • What is the most common medical concern for people in the 50+ age group and how have Japanese wine makers been addressing this issue?

Alcoholic Drinks and an Aging Population

About the author
Disclaimer

EXECUTIVE SUMMARY
Age groups and generations
Alcoholic drinks and age
Marketing t50+ consumers
Premium products
Healthier alcoholic drinks
Home, family, friends and community
Conclusions

Age groups and generations
Summary
Introduction
The aging of the world’s population
Developed markets
Emerging markets
Overview of generations
Generation X
Generations Y and Z
Baby Boomers
The Silent Generation
The Greatest Generation
Combining age groups and generations
The 50+ market
Conclusions

Alcoholic drinks and age
Summary
Introduction
Alcohol consumption by age
Consumption by type of drink
Wine
Spirits
Beer, cider and FABs
Consumption by age group
Beer, cider and FABs
Wine
Spirits
Predicting future consumption patterns in the 50+ market

Marketing tconsumers aged 50+
Summary
Introduction
Information
Empowerment
Emotions
Experiences
The personal touch
Agelessness
Implications for packaging
Marketing attributes favored by older consumers

Premium products
Summary
Introduction
Personal wealth, income, and spending power at age 50+
Super- and ultra-premium spirits
Rum
Vodka
Tequila
Pre-mixed spirits
Super-premium beer in the US
Emerging markets

Healthier alcoholic drinks
Summary
Introduction
Heart health
Lower, low, and nalcohol products
Lower alcohol products
Dietary products
Low/ncalorie
Low/nsugar
Weight management
Alcohol and beauty
Wellness positioning
Products offering vitality
Providing energy
Boosting immunity
Promoting the health benefits of alcohol

Home and family, friends and community
Summary
Introduction
Home and family life
Socializing with friends
Linking with food
Indulgent products
Richer tasting products
Supporting local communities
Environmental awareness

Conclusions
Summary
Introduction
Understanding the aging population
Drinking habits of the aging population
Future innovations in alcoholic drinks for the 50+ market
Conclusions

Appendix
Bibliography/References
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6

List of Tables

Table: Importance of different marketing attributes tboomers
Table: Whlives in Florida Boomer households?

List of Figures

Figure: Forecast number of adults worldwide by age group, 2010-2030
Figure: Forecast share of adults worldwide by age group, 2010-2030
Figure: Forecast number of adults in more developed regions by age group, 2010-2030
Figure: Forecast share of adults in more developed regions by age group, 2010-2030
Figure: Forecast number of adults in North America by age group, 2010-2030
Figure: Forecast share of adults in North America by age group, 2010-2030
Figure: Forecast number of adults in western Europe by age group, 2010-2030
Figure: Forecast share of adults in western Europe by age group, 2010-2030
Figure: Forecast share of 50+ adults in more developed countries, 2010-2030
Figure: Forecast number of 50+ adults in more developed countries, 2010-2030
Figure: Forecast number of adults in less developed regions by age group, 2010-2030
Figure: Forecast share of adults in less developed regions by age group, 2010-2030
Figure: Forecast share of 50+ adults in less developed countries, 2010-2030
Figure: Forecast number of 50+ adults in less developed countries, 2010-2030
Figure: The 50+ age group by generation in North America, 2010-2030
Figure: The 50+ age group by generation in western Europe, 2010-2030
Figure: Global consumption of different alcoholic drinks by age group
Figure: Global consumption of different wines by age group
Figure: Global consumption of different spirits by age group
Figure: Global consumption of beer, cider, and FABs by age group
Figure: Global consumption by age group of different alcoholic drinks
Figure: Global consumption by age group of different beers
Figure: Global consumption by age group of different wines
Figure: Global consumption by age group of different spirits
Figure: Dos Equis’ Most Interesting Man on Facebook
Figure: Beefeater’s Forever London campaign
Figure: Improving older consumers' shopping experiences
Figure: Premium rum products
Figure: Super- and ultra-premium vodkas with an older target
Figure: Super- and ultra-premium tequilas
Figure: Premixed spirits with an older appeal
Figure: Anheuser-Busch’s super-premium brands targeting older drinkers
Figure: Mercian’s Bon Rouge range of healthier wines
Figure: Healthier wines from Japan
Figure: Beer with polyphenols
Figure: High polyphenol alcoholic drinks
Figure: Low- and no-alcohol beers
Figure: Carling C2 advertising
Figure: Share of global new alcoholic drinks launches, 2011
Figure: Super low calorie beers
Figure: Low sugar beers
Figure: Ready-to-drink cocktails for men
Figure: Weight management products in the alcohol category
Figure: Beauty-oriented alcoholic drinks
Figure: Energy-oriented alcoholic drinks with ageless or older appeal
Figure: Immune-boosting alcoholic drinks
Figure: Wine in ‘medicinal’ packaging
Figure: Grant’s Garden After Hours webpage
Figure: Wine brands linked tfriendship
Figure: Beer brands taccompany food
Figure: Teacher’s Create Your Space campaign
Figure: Tastier products for the older Japanese market
Figure: Tastier line extensions for the older market
Figure: The Absolut City series
Figure: Charity- and community-supporting products
Figure: Appealing attributes tolder consumers
Figure: Exploiting attributes that are appealing tolder consumers
Figure: Combining more than one attribute tappeal tolder consumers

Published By: Business Insights
Product Code: Business Insights364


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