September 9, 2013 12:18 am
1. Convenience is King: One-hundred million (or nearly half) of American adults today are single and many of them live alone. Given that so many people are flying solo, we're spending less time in the kitchen. One potentially lucrative (at least in the long term) demographic is the millennials, as they are entering adulthood now and view health, nutrition and branding differently than boomers.
2. Allergen Concerns on the Rise: Six million children have food allergies, according to the Pediatrics Journal. Ninety percent of all food allergy reactions are caused by eight major foods: milk, eggs, peanuts, tree nuts, soy, wheat, fish and shellfish. Americans are awakening to their allergies, more manufacturers are creating entirely free-from products so consumers can enjoy without worry.
3. Meat Free Mentality: One-third of Americans now report eating vegetarian meals a significant amount of the time, and 48 percent of U.S. shoppers seek good-tasting vegetarian food, according to the Vegetarian Resource Group's 2011 national poll. Even if they are not full-fledged vegetarians or vegans, a growing number of consumers fall into the "flexitarian" bucket—meaning that they are looking to cut at least some meat from their diets and replace it with plant-based foods.
4. Labeling Goes Local: Seventy-five percent of natural food retailers say local is the most influential product claim in grocery right now. People, seeking to connect with where their food is sourced and support nearby businesses are increasingly seeking this claim. Local is expected to continue to gain prominence over the next three to five years, thanks to forces such as the Slow Food and Slow Money movements, which are effectively spreading the word about the social, economic and health benefits of buying close to home.
5. It's Cool to Care: Driven by passionate entrepreneurs who care as much (if not more) about creating positive change in the world as they do about making money, cause marketing is gaining ground. Food and beverage companies must take on a whole new approach to marketing and branding to win over consumers. By 2018, Whole Foods Market announced that all products sold in its U.S. and Canadian stores containing genetically modified ingredients must be labeled.
Published with permission from RISMedia.