Numerator Releases Market Share Shifts By Generation

Numerator Releases Market Share Shifts By Generation 01-01

Numerator, a data and tech company serving the market research space, has published a new report on omnichannel market share growth by generation during the COVID-19 pandemic. The research uses data from Numerator’s new omnichannel market share solution, TruView. All reporting reflects market share for consumer packaged goods.

Market share has historically been based on brick & mortar store reporting and projections. Omnichannel market share and market share by generation are new metrics for brands and retailers. “While brands and retailers routinely market to specific consumer segments, they’ve historically not had access to the data that would allow them to track market share shifts by consumer groups. Numerator TruView fills this gap, allowing for meaningfully improved targeting and promotional campaigns, ” said Eric Belcher, CEO, Numerator.

Also Read: Strategies for Brands to Achieve Success in 2021

Key findings include:

Online Market Share Growth by Generation — CPG Example

  • Online CPG market share increased by 2.4 percentage points during the pandemic, growing from 4.6% of online CPG sales pre-COVID to 7.0% throughout year one of COVID.
  • Millennials had the highest point increase in market share during this time (up 2.5 points), and emerged as having the highest online market share among generations at 8.7%.
  • Prior to COVID, Gen Z had the largest online market share at 6.3% — but Gen Z’s 1.2 point growth was outpaced by all other generations.
  • Boomers+ online share increased by 2.3 points, but still lags other generations at a 5.6% online share.

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