🎁 pepviz™ presents the pulse: value shifts health & wellnessHow Health & Wealth may be more related than you think.
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March 22, 2023
352 words | 1.5 minutes to insight
health & wellness trends are on a collision course with shoppers’ value needs — and retailers have to adapt.
value is increasingly competing with health & wellness goals
🖼️ big picture: No matter how much shoppers care about health & wellness, economic factors have moved value higher up the priority list.
🎯 get granular:
“Getting a good value for the price” is a top priority in this economic climate, even at high income levels.
Health & wellness engagement scales up with income, but now value is becoming a focus for all audiences.
The least engaged shoppers are most focused on value, responding to deals and convenience when it comes to food & beverage.
health & wellness engagement varies by segment
🖼️ big picture: Nuances within shopper segments — like age, location, income, and investment — can create different levels of opportunity for retailers.
🎯 get granular:
Least engaged shoppers (skew Gen X, lower income/education, more rural) focus on instant gratification and short-term health problems.
Most engaged shoppers (skew Gen Z/millennial, higher income/education, urban/multicultural) value taste but prioritize balanced nutrition and long-term benefits.
Most “medium engagers” are boomers. They’ve adopted traditional health & wellness strategies — limited snacking, less indulging and choosing fresh items.
health & wellness shopping is evolving
🖼️ big picture: Shoppers’ focus on whole health (physical/ mental/ emotional) unlocks opportunities for retailers to build bigger, better baskets.
🎯 get granular:
Leverage ongoing patterns like shoppers’ preference for eating at home and overall health improvement goals.
Offer practical solutions to the least engaged with health & wellness who have the most physical/mental health concerns.
Inspire highly involved health & wellness shoppers, as their definition has expanded to include social and environmental issues.
Partner with your PepsiCo team and leverage the pepviz™ approach to unlock proprietary health & wellness insights.
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