2024
0
Brazil Lifestyles of Millennials Consumer Report 2024
2024-10-25T17:02:06+01:00
REPE69F712F_72E0_43FE_B313_2E3FC126CB7E
3295
176925
[{"name":"Consumer Insights","url":"https:\/\/store.mintel.com\/industries\/consumer-insights"}]
Report
en_GB
This report looks at the following areas:Financial caretakers of the householdMillennial concernsPlans for the next three yearsSuccess milestones for MillennialsInterests of MillennialsMillennials routine activitiesCareer, finances and physical and mental wellbeing…
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  6. Brazil Lifestyles of Millennials Consumer Report 2024

Brazil Lifestyles of Millennials Consumer Report 2024

Consumer Reports - What's Included
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This report looks at the following areas:

  • Financial caretakers of the household
  • Millennial concerns
  • Plans for the next three years
  • Success milestones for Millennials
  • Interests of Millennials
  • Millennials routine activities

Career, finances and physical and mental wellbeing are among the top priorities of Brazilian Millennials, impacting their short- and medium-term plans.

Amanda Caridad, Senior Analyst Beauty and Personal Care – Latam

Market Definitions

Mintel defines the Millennial generation as those born between 1982 and 1998 and who will be between 26 and 42 years old in 2024.

This report analyzes the values, short-term plans, interests, routine activities and consumption decision priorities of this generation.

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  1. Executive Summary

    • What you need to know
    • Challenges
    • Opportunities
  2. The Consumer

    • Overview of Millennial consumers
    • Most Millennials are responsible for managing their household’s finances
    • Graph 1: financial caretakers of the household, by gender and age group, 2024
    • Encouraging healthy financial habits is the first step towards financial independence
    • Millennials have many concerns about the present and future
    • Graph 2: Millennial concerns – any concern, 2024
    • Short-term plans include finances, career and housing
    • Graph 3: plans for the next three years, 2024
    • Millennial concerns
    • Class C Millennials report greater concern about their current financial situation
    • Graph 4: Millennial concerns – selected item, by socioeconomic group, 2024
    • Class C has been the most financially impacted by crises in recent years
    • Financial sector can encourage the adoption of healthy financial habits
    • Concern about the financial future after retirement is more significant among older Millennials
    • Graph 5: Millennial concerns – selected item, by generation, 2024
    • Private pensions are a type of investment that can help Millennials guarantee peace of mind in retirement
    • Children’s future is the issue that most concerns Millennial parents
    • Brands can help parents discuss sensitive topics with their children
    • Romantic life generates more concern among Millennials who have not yet married
    • Graph 6: Millennial concerns – selected item, by living situation, 2024
    • Surveys reveal changes in perceptions of relationships and family structures
    • Brands have the opportunity to portray new relationship configurations
    • Concern about career is higher among women
    • Gender inequality impacts women’s professional development
    • Companies can support women in advancing professionally by providing professional courses
    • Plans for the next three years
    • A large number of younger women are interested in saving money
    • Graph 7: plans for the next three years – selected item, by gender and age group, 2024
    • In addition to saving money, it’s possible to consider ways to generate additional income
    • Direct-selling companies can support women’s financial independence
    • Men aged 35-42 are the ones who most want to become entrepreneurs
    • Graph 8: plans for the next three years – selected item, by gender and age group, 2024
    • Entrepreneurship can be linked to a desire for career transition but requires caution
    • AB Millennials reveal a desire to have more pets
    • Graph 9: plans for the next three years – selected item, by socioeconomic group, 2024
    • Pets should not be a burden on consumers’ routines
    • Practicality and safe formulas are key attributes for cleaning homes with pets
    • A new pet brings demand for specialized services
    • Success milestones for Millennials
    • Women aged 35+ tend to place a higher value on the acquisition of material goods
    • Graph 10: success milestones for Millennials – selected item, by gender and age group, 2024
    • The acquisition of goods is contingent on financial independence
    • More concerned with appearance, younger men are more likely to engage in physical activities
    • Graph 11: success milestones for Millennials – selected item, by gender and age group, 2024
    • Technology enables greater control over physical activities
    • Apps guarantee personalized monitoring
    • Desire for leisure travel as a symbol of success is stronger among Millennials with greater purchasing power
    • Graph 12: interests of Millenials – selected item, by socioeconomic group, 2024
    • Graph 13: success milestones for Millennials – selected item, by socioeconomic group, 2024
    • The tourism sector can offer options to suit all budgets
    • Pet owners value free time – and want to enjoy it with their pets
    • Pet-friendly leisure options are becoming increasingly popular
    • Interests of Millenials
    • Millennials prioritize mental and physical wellness
    • Graph 14: interests of Millennials – “I have done this in the past three months,” 2024
    • The power of relationships for the health of Millennials
    • Help Millennials strengthen their relationships with leisure activities
    • Millennials are seeking out new experiences
    • Graph 15: interests of Millenials – “I would like to do this in the next three months,” 2024
    • Interpersonal relationships undergo significant changes in adulthood
    • Communities can facilitate encounters between strangers
    • Millennials face barriers to leisure and socializing due to a lack of time and money
    • Graph 16: interests of Millennials – “I would do this more often if I had more money,” 2024
    • Graph 17: interests of Millennials – “I would do this more often if I had more time,” 2024
    • Travel agencies can make travel possible by offering convenience and affordable prices
    • Coffee shops and restaurants can enable remote working
    • Millennials routine activities
    • Women aged 26-34 show greater focus on physical and mental health
    • Graph 18: Millennials routine activities – selected item, by gender and age group, 2024
    • Sleep is a hot topic when it comes to wellbeing
    • Companies offer solutions aimed at enhancing sleep and quality of life
    • Therapy is another topic that has become popular and still demands attention
    • Podcasts and online platforms facilitate access to trained professionals
    • Millennials’ interest in leisure at home indicates the importance they place on moments of relaxation
    • Despite its popularity, streaming services are affected by cost increases and user restrictions
    • Climate change drives reflection on consumption
    • Advances in climate change are becoming increasingly evident in consumers’ routines
    • Companies can encourage consumers to adopt sustainable consumption practices
  3. Key Players

    • Companies and brands
    • Netflix is the most widely used streaming platform in Brazil
    • YouTube channels stand out with more modern broadcasting
    • Smart Fit expands in the fitness industry by acquiring Velocity
    • Launches and innovations
    • Contém1g returns to the market, celebrating 2000s nostalgia
    • Marketing campaigns and actions
    • Seara and Seara Gourmet take customers to Rock in Rio
    • Boticário and Roda Rico organize actions on Singles’ Day
    • Burger King takes advantage of the repercussions of ‘Love is Blind’ and promotes action on social media
    • Close-Up celebrates confidence and fun in a new campaign starring Deborah Secco
    • Santander aims to make banking services more accessible to everyone with its new brand positioning
    • Airbnb promotes unforgettable experiences for travelers
    • Lacta celebrates family diversity in Christmas campaign
  4. The Market

    • One quarter of the Brazilian population consists of Millennials
    • Unemployment drops to 6.9% in Q2 2024, with the rate among Millennials at 6.3%
    • Graph 19: unemployment rate, by age group, Q1 2020-Q2 2024
    • Brazil records deflation in August
    • Graph 20: IPCA inflation index – monthly change (%), Sep 2023-Aug 2024
    • Millennials are optimistic about their finances and make up a significant proportion of stock market investors
    • Millennial women postpone maternity plans
    • Graph 21: percentage distribution of live births, by age group of the mother (%), 2000-22
  5. Appendix – Definition, Methodology and Abbreviations

    • Report definition
    • Methodology
    • Abbreviations

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