Brands are no longer just names on the products consumers buy; they have become tools that help establish young peopleâ€™s sense of identity and social connections, a Havas Worldwide survey said.
Revealing key findings on the relationships between brands and the newest generation of young adults, it noted down critical factors shaping this trend. One of them is the fact that young adults are growing up as part of maker culture â€“ a movement that celebrates self-reliance and hands-on solutions.
It further added: “Todayâ€™s youth are significantly more apt than their elders to recognise and value the role brands play in their lives.” However, slightly more than a-third of the respondents aged 16-34 complain that brands do not take young people seriously enough.Â Highlights from the study include:
Gen Z and millennials are big on brands.
About 6 in 10 respondents aged 16-34 encourage their friends to use certain brands, and almost as many said it makes them feel good to see the brands they own being used by people they admire. Brands need to engage with their users by offering shareable content and experiences worth talking about.
Youths want to make incremental change.
â€śYouthâ€ť values have evolved to become shared values. Older people are now likely to embrace what was once considered youthful pursuits and attitudes. Now that youth values are virtually identical to those of the older generation, brands need to focus not on a distinct set of values but on young peopleâ€™s need for constant engagement and new experiences.
Digital help youthsÂ navigate the new social spheres.
Young people have become adept at creating individualised sets of digital tools that will allow them to develop or improve their social connections. For example, applications such as Snapchat help to create a sense of closeness with a member of their social circle while Instagram aids in creating an idealised version of their personal lives. The arsenal starts to change as soon as new tools emerge.
Brand passion is increasingly digitally based.
Young people are moreÂ loyal toÂ brands that offer fresh experiences and conversational currency. They want things such as improved services or new technologies that would allow their lives to be simpler and less expensive.
Digital users are also more likely to align themselves with new-economy brands, choosing Airbnb over Hilton and Uber over Yellow Cab. Smart brands are connecting with teens and young adults in the three areas most critical to their sense of identity: the social sphere, pop culture and new technologies.
Nearly 53% of respondents aged 16-25 stated that they felt more connected to brands that are involved in pop culture.
Dan Gibson (pictured), group managing director of Havas Worldwide Singapore, said, â€śThe study unearthed interesting factors that are at play when it comes to reaching out and communicating to a new generation of young adults. It is important for brands to remember that at the end of the day, this is a generation that values experiences over things.”
Andrew Benett, global CEO of Havas Worldwide and Havas Creative Group, said: â€śYoung people want to be able to rely on brands to make their lives better and to help them stand out from the crowd.”
The study,Â Prosumer Report: Singapore edition,Â â€śHashtag Nation: Marketing to the Selfie Generationâ€ť,Â revealedÂ insights on millenialsâ€™ and Gen Zâ€™s brand attitudes and behaviours, and outlines implications for marketers. A total of 10,574 teens and young adults from around the globe were surveyed, including Singapore.