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Young Families

Published by: Datamonitor

Published: Jun. 15, 2002 - 71 Pages


Table of Contents






EXECUTIVE SUMMARY

Introduction

Market context

The future decoded

Action points

Conclusions

INTRODUCTION

What is this report about?

Who is the target reader?

Definition of a Young Family

How to use this report

MARKET CONTEXT

Introduction

Key findings

Segment size

Consumer segments

Consumer interviews

Low income segment

Medium income segment

High Income segment

Implied expenditure

Baby food data

Conclusions

THE FUTURE DECODED

Introduction

Key findings

Demographic projections

Changing drivers

Data forecasts

eCommerce future

Conclusions

ACTION POINTS

Introduction

Key findings

Seize the opportunity to secure brand loyalty

Meet the specific demands of the target group

Retail services are important to young families

Recognize the potential for driving Internet shopping

Conclusions

APPENDIX

Research methodology

SPP writing team

How to contact experts in your industry

© Datamonitor 2002. All Rights Reserved.



Abstract

The young family group, defined as those with only a single child under the age of two, is one of the most important transitional groups of consumers and has significantly different needs to parents in general. There has been a great deal of research into marketing to children and the needs of parents but very little is known about how consumers react to the transition to parenthood. With only a little experience, consumers must deal with entirely new demands and significantly altered means. This report will identify the specific new demands with respect to various food, drinks and personal care markets. Through actionable insights, this report demonstrates the opportunities available for manufacturers and retailers to adjust their offerings to better target these consumers, and to retain their loyalty in the future. Key benefits:- * Understand how purchasing habits change in the first two years of parenthood, and the key product categories that are affected. * Assess what features of products and retail services young families value most highly. * Forecast the future direction of the young family market, in terms of demographic change or increasing use of eCommerce for example. * Learn from prescriptive action points on how to best take advantage of these opportunities

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