Food Institute Top Trends

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Information about Food Institute Top Trends
Marketing

Published on February 20, 2014

Author: LinaKhouriBush

Source: slideshare.net

Description

Top food and beverage sector trends that influenced the U.S. marketplace in 2013. Lessons for future planning for food and drink companies, consumers, academics and more. All compiled from The Food Institute this past year and available in our annual publication.

Food Industry Review 2013 edition The Ultimate Reference Guide “from FARM to FORK”

Food Industry Review             Consumer Trends Retailing Formats Restaurants & Foodservice Technology & Social Media Sustainability Specialty & Organic New Products Private Label Food Processing Mergers & Acquisitions Demographics CPI/PPI ~ 2013 Edition ~

Consumer Trends ~ Market Influences ~ Lifestyle Changes New Shopping Behaviors Technology Economy Value

Consumer Trends How much time do Americans spend on food?     Eating Behaviors – how many minutes? Where, When and With Whom are we eating? What are we doing while eating? Let’s discuss the TRENDS ◦ Snacking ◦ Impulse Purchases ◦ Healthier eating habits

Retailing Formats …What’s Trending?

2013 and beyond       Online shopping Cautious Consumer Simplified Shopping “FRESH” Retailers Warehouse Clubs Strong New Concept Stores “test the waters”

Restaurants & Foodservice  Chain restaurants see a brighter future ◦ Micro Desserts ◦ Better Burgers  Better Sandwiches  QSR Trends ◦ Fast food menu revamps ◦ Attracting more “health conscious” consumer  Continued push for foreign expansion

Technology and Social Media Impact on Food Retailers Think outside the Box

Sustainability Less packaging  Sustainable seafood  More environmentally responsible retailers/manufacturers  Sustainable efforts highlighted  ◦ LEED Certification ◦ Solar Power initiatives ◦ By-Product Energy ~ Lessen the Environmental Footprint ~

The numbers reveal … Specialty Food growth continues Age ~ Income ~ Region (key factors in Specialty Food Purchases)

Organics and Local “Natural and organic products aren’t completely passe, but local varieties are steadily gaining ground.” Source: John Frank, Mintel Between 2013 and 2015, specialty food manufacturers, distributors and retailers all agree that “LOCAL” claims will grow the most. Source: NASFT Report “Organic products are healthier for my family and me” Source: OTA U.S. Families’ Organic Attitudes and Beliefs Study

New Products 2013       Yogurt offerings Snacking options Novel beverages All-natural offerings for children Coconut New Flavor offerings Looking for inspiration for your new product? Nostalgia and Innovation

Private Label  Favorable perception continues to grow  Retailers diversify offerings and expand brands  Canned sector enjoys sales growth as consumers trade down  Driving drug store sales What’s in a Name?

FOOD PROCESSING

Mergers & Acquisitions  What’s Impacting Food Business M&A? ◦ ◦ ◦ ◦ Debt crisis in Europe Investment banks and private equity firms Retailers post big year in acquisition activity Franchised restaurants

Demographics

Understanding Consumer Spending  Analysis of every variable that impacts food industry ◦ ◦ ◦ ◦ ◦ ◦ ◦ ◦ ◦ AGE INCOME EDUCATION GENDER COMPOSITION OF HOUSEHOLD SIZE OF HOUSEHOLD RACE & ETHNICITY REGION OF COUNTRY METRO/RURAL/URBAN LOCALE

Consumer Price Index and Producer Price Index “Those who do not learn from history are doomed to repeat it” “

THANK YOU To become a member and gain full access: www.foodinstitute.com/joinfi or Call Lina at 201-791-5570, ext. 214

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