FMCG Gurus - Top Ten Trends 2020


FMCGGurus

Uploaded on Jan 20, 2020

Category Business

This resource introduces our 'Top Ten Trends' that FMCG Gurus suggests to watch out for in 2020. The report explores trends such as; Alternative proteins, Blockchain, Augmented reality, CBD, Sustainability, & Holistic health. FMCG Gurus predicts a shift in consumer attitude, influence and behavior patterns. This report provides a benchmark of how this will evolve.

Category Business

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FMCG Gurus - Top Ten Trends 2020

FMCG GURUS: Top Ten Trends for 2020 January 2020 FMCG Gurus identifies Top Ten Trends to watch our for in 2020. Trend 1: Plant-Life: Alternative proteins appeal but consumers can be concerned about the taste and texture of products Alternative Proteins Botanicals Taste & Texture Consumers are looking to remove meat from their diets, replacing it with Fruit and vegetable consumption is increasing as plant-based alternatives consumers look to address health issues Consumers are turning to fruit and vegetables more Changing dietary habits are as they take a more proactive approach to health driving demand for alternative plant products. Proportion of consumers who have increased their Consumers are adopting a “back intake of fruit and vegetables to address the to basic” approach when it comes following in the last twelve months to health maintenance 18% to 16% to lose improve Consumers are looking to remove meat from their plates. This is being done for a weight immunity mixture of health, financial, and ethical reasons. FMCG Gurus research shows that across the globe: 15% to • 15% of consumers identify themselves as being a flexitarian 8% to improve • 13% of consumers say they are vegetarian improve • overall 3% say that they are vegan eye sight health 42% of consumers admit that they can find plant-based food and drink products to be “bland and boring” Trend 2: See All, Know All: Blockchain technology can be used to promote responsible practices Blockchain Trust & Transparency Responsible Way of Life Transparency is needed across the whole of the Brands need to be seen to be doing the right thing supply chain Only 18% of consumers have heard of blockchain. Consumers do not feel that brands However, when given a definition, 50% said that they are not acting in the best interests of would be likely to use this technology humanity or the environment. It is crucial that brands are seen to be acting in an ethical and environmentally friendly manner. Proportion of global consumers who say they distrusted the following brands Food: Beverages: 32% Supplements 31% 31% Proportion of global consumers who say this trust has worsened in last two years Food: 51% of global consumers say it is important that Beverages: 25% Supplements 25% 25% brands monitor the supply chain of their suppliers for corporate and social responsibility initiatives Trend 3: The Big Picture: Futuristic and innovative technology can tell the story behind brands Tech Future Storytelling Augmented Reality 48% of global consumers regularly conduct research 33% of global consumers say they have used their smartphone into the different food, drink, and supplement brands to scan a QR/game/promotional code on packaging when that they purchase buying food, drink or supplements Consumers are more difficult to impress than ever Packaging before as a result of being exposed to a wide range of innovation can be products. Innovative and futuristic packaging is a key used to give way of helping capture consumer attention, enabling consumers more them to engage with brands information into the story behind products than ever before Near Field Communication technology and QR codes can allow At a time when consumers want more information on consumers access products than ever before, innovations such as blockchain to content and technology can be used to allow consumers to find out competitions via information about the origin of products and how they were packaging formulated. Technology can be used as a key way of breaking routine and inertia when shopping and making products fun, interactive, and engaging Trend 4: Good for Me, Good for the Earth: Consumers want products that are green and clean Green & Clean Back to Basics Sustainable Living Earth Aware Consumers recognize that environmental damage is directly Consumers want products that they deem to be green and clean impacting on their health Consumers want brands to In 2019, Innocent demonstrate sustainability launched its new range of initiatives Innocent Plus brands In 2019, Diageo announced High in vitamins, the that it was scrapping plastic products are touted as packaging for its beer brands natural, vegan friendly, and are made with botanicals I am concerned about the state of the It is important that food and drink is 63% environment 100% natural 73% I believe the state of the environment Natural claims are important to protect 54% has worsened in the last two decades the environment 32% Damage done to the environment is Natural claims are important as it makes 48% irreversible products healthier 44% Trend 5: Re-evaluating Health: Consumers are looking to improve their diets, with varying degrees of success CBD New Diet, Same Me Mental Wellness Rest & Recuperation Weight management plans continue to fail Time to recognize that the war on sugar has been lost Dieting plans continue to follow boom and bust cycles. That is, Sugar has long been seen as the number one dietary evil many consumers are looking to lose weight, but will often given amongst consumers. However, despite the negative perceptions up on diets after a relatively short time. This is because that exist towards sugar, it is important not to over-estimate the consumers still associate dieting with compromise extent they are cutting down intake 27% of consumers across the Proportion of consumers who admit to have done following this year globe classify themselves as overweight Say they have planned Say they have planned to cut down on certain to cut down on sugar but 23% of consumers say that they food an drink but not not actually done so have put weight on over the last actually done so year 28% of consumers say that they are currently on a diet to lose 33% 33% weight The fact that obesity rates are at a record high across the globe at a time when consumers are making more This is something the industry needs to take into consideration attempts than ever to lose weight means that ultimately, when it comes to product reformulation and sugar reduction dietary plans are failing Trend 6: Sensory Overload: Consumers want to experimental flavors on a global scale Favour Experience Global to Local Everything Artisanal Simplify me Brands will continue to push the sensory elements of everyday product categories There will be a focus on regionalized flavors from around the world that encourage consumers to sample new cultures 57% of consumers like products with new and unusual 46% of consumers like moments of indulgence where flavors. they pay no attention to nutritional intake. 42% of consumers deem themselves to be adventurous when trying new food and drink Genuine 72% of consumers have become more experimental with experiences their choice of food and drink in the last five years. 52% of consumers say that they like food with new and 65% of consumers say that they like hot and spicy food. unusual colors Adventurous consumers want new tastes and sensations that match Consumers will continue to push the boundaries of hedonism when it their sophistication comes to food and drink Trend 7: Snacking Reclassified: Consumers want hybrid products as the concepts of meals and snacks become more blurred Conscious Conveniently Hybrids Indulgence Healthier Occasions Nutritious Time to making the word snacking redundant? Focus on light meals to fill this niche Traditional meal-times are a thing of the past. FMCG Gurus research shows, that in the average week: • 31% of consumers say they do not eat breakfast every day • 32% of consumers say that they do not eat lunch everyday day • 22% of consumers do not eat dinner everyday Half of all consumers classify a snack as a light meal What do you consider a snack to be? 2019 Top five answers Single serve packed food 55% Something that offers a nutritional boost 54% Small portion of meal 51% Something that can be eaten/drank on-the-go 50% Brands need to launch products that blur the boundaries between meals and snacks Something that substitutes hunger for a couple of hours 48% Trend 8: Functional Lifestyle: Consumers want good fats and ingredients they deem better-for-me Good Fats Healthier for Longer Better-for-me Active Nutrition Consumers are seeking out more products that contain Lutein and Zeaxanthin can target eye problems caused by modern “good” fats lifestyles Fat is no longer classified as a dietary evil. In moderation, consumers believe that fats offer a variety of health benefits Proportion of consumers who actively seek out food and drink that contains the following ingredients (%) Omega 3 34 Krill oil 19 23% of consumers are unsatisfied with their eye health. Of these Omega 6 35 Fish oil 18 consumers, 37% say that their condition has worsened in the last two years, Proportion of consumers who seek out products with fatty acids who say they have increased consumption in 52% cite spending too much time on digital devices as a reason for their the last year (%) poor eyesight Only 17% of consumers have heard of lutein and only 10% of Omega 3 56 Krill oil 54 zeaxanthin. There are major opportunities to raise awareness of the ingredients amongst consumers who are concerned about their eyesight or the amount of time they spend in front of digital Omega 6 57 Fish oil 48 devices Trend 9: Raw & Pure: Consumers are adopting free-from diets as they embrace the concept of my body, my temple Free-From Abstaining My Body, My Temple Streamlining Consumers want meat and dairy out of their diets Actively avoiding ingredients Consumers are abstaining from certain types of food and Proportion of consumers who say that they make conscious ingredients. They are also looking for reformulated products that efforts to afford food and drink that contain the following contain fewer “bad” ingredients. ingredients Proportion of consumers who are adopting the following types Lactose 38% of free-from diets (%) Fructose 37% Meat 10 Gluten 37% Dairy 15 You state that you do not eat food or drink that contains these ingredients. Why is this? Health and sustainability are key reasons for eliminating Gluten Fructose Lactose meat and dairy from diets I have an allergy/intolerance 32% 26% 37% These ingredients cause me digestive problems 35% 36% 32% I wanted to improve my energy levels 37% 31% 33% I wanted to improve my cholesterol 32% 28% 32% levels I wanted to improve my heart health 33% 30% 35% I wanted to lose weight 29% 32% 32% Trend 10: Evolution of Nutrition: Consumers are adopting a long-term approach to health maintenance and improvement Healthy Ageing Holistic Health Nutrition For Me DNA Profiling Active Nutrition Personalized nutrition Focus on seeking out “better-for-you” Focus on adjusting dietary habits and options that offer a convenient health lifestyles to address specific health boost and reduce guilt associated with issues. This creates a desire for products current lifestyles and dietary habits that are formulated to help with this Mainstream Consumers are taking a proactive Consumers do not believe themselves to be integration of approach to health maintenance and in the best of health and feel that current sports nutrition management, even when they deem lifestyles could impact on long-term health products their current lifestyle to be healthy Dedicated to providing the latest consumer, shopper, and category insights across the globe.