LOS ANGELES ,
April 17,
2024 /PRNewswire/ -- New research from Lifesum,
the leading global healthy eating platform, indicates that Gen Z
and Millennials are leading a movement towards healthy eating
amidst the current cost-of-living crisis by scaling back on
non-essentials, including streaming services.
"In this era of escalating costs, luxuries become dispensable,
but a nourishing, balanced diet does not. While entertainment and
gadgets have their appeal, it's healthy food that Gen Z and
Millennials prioritize in their hectic lifestyles," said Signe
Svanfeldt, lead nutritionist at Lifesum.
Healthy Eating v. Streaming Services
Lifesum's 2024 State of Healthy Eating and Well-being Report,
which explored consumer dietary habits, revealed the
sacrifices Gen Z and Millennials are willing to make for healthier
eating during the cost-of-living crisis, including fashion, tech
and streaming services.
Percentage of Gen Z and Millennials who would cut back on the
following to prioritize spending on healthier food:
- Fashion 62%
- Tech and Gadgets 55%
- Online Courses 37%
- Streaming Services 36%
- Travel 34%
- Skincare and Beauty 30%
Lifesum noted that for Gen Z and Millennials, healthy eating has
emerged as an affordable and accessible source of pleasure,
particularly at a time when indulging in major experiences like
travel may seem unattainable.
"Investing in health today can lead to long-term benefits,
potentially reducing healthcare costs down the line," said Signe.
"As the cost-of-living crisis continues, health is becoming a
significant focus and reflects a growing desire for self-care and
responsible spending," Signe added.
The Rise of the Experience Economy
Millennials and Gen Z are leading the shift towards healthier
eating habits, as they juggle increasingly hectic lifestyles and
seek novel experiences through food.
Economic challenges often compel individuals to reevaluate their
expenditure patterns, directing their attention towards what they
perceive as essential for their overall well-being.
Lifesum's 2024 State of Healthy Eating and Wellbeing Report,
based on a survey of 10,000 Gen Z and Millennials, unveiled that
the experience economy significantly influences individuals, with
healthy eating serving as a moment of respite and escape amidst the
hustle of daily life.
Healthy Eating Impacting Work Outcomes
Healthy eating has become the dominant force in the food
industry. Lifesum observed that desire for well-being and
nutritious food options are influencing other areas of people's
lives, for example, work - so much so that a staggering 71% of Gen
Z and Millennials are prepared to quit their job tomorrow for one
that better supports their well-being.
The Rise of Functional Foods
Highlighted as a significant trend, Lifesum revealed that Gen Z
and Millennials are embracing functional foods that provide
additional health benefits, such as improving digestion, boosting
immunity, or enhancing cognitive function. The report indicates
that 73% are consuming these foods to boost energy levels, 61% to
enhance mental well-being, and 40% to promote better sleep.
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SOURCE Lifesum