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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.
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Food IndustryReview
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 ChangesNew Shopping Behaviors
TechnologyEconomy
Value
Consumer TrendsHow 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
Technologyand
Social Media
Impact onFood Retailers
Think outsidethe Box
Sustainability
Less packagingSustainable seafoodMore environmentally responsible
retailers/manufacturersSustainable 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’tcompletely 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 offeringsSnacking optionsNovel beveragesAll-natural offerings for childrenCoconutNew 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 Indexand
Producer Price Index
“
“Those who do not learn from history are doomed to repeat it”
THANK YOUTo become a member and gain full access:
www.foodinstitute.com/joinfi or
Call Lina at 201-791-5570, ext. 214
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