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Emerging Ingredients in Food and Drinks: Growth Opportunities in Flavors and Formulation by Product Category
Business Insights, Aug 2010, Pages: 146
Especially in the major market countries, more consumers are looking to buy food and drinks products comprised of ingredients that they perceive to be healthy. For many consumers, food and drinks products made with natural ingredients fall into this category, with artificial ingredients being perceived as inherently unnatural and unhealthy.
This report analyzes the ways manufacturers have been responding to the consumer drivers of naturalness and health. These include using natural ingredient formulations which offer benefits of nutritionally rich, quality calories. It examines leading and newly emerging ingredients in each of the major food and drink categories, identifies developing trends within these categories and give examples of recent product launches. Also included are findings from an exclusive international survey of industry executives.
Key features of this report
- Analysis of the fastest growing claims in newly launched food and drinks products for 2008-2009.
- Analysis of sales values for the natural and organic food and drink market in the US and Europe.
- Identifies emerging ingredients, and analyzes product applications and marketing strategies in NPD, drawing on data from the ProductScan Online NPD tracking service.
- Category analysis, identifying leading and emerging ingredients and developing ingredients trends for each of the major food and drink categories.
- Illustrated examinations of key product introductions and innovations.
Scope of this report
- Understand how manufacturers are formulating existing and new products to meet consumer demands for natural and healthful food and drink.
- Understand how each of the major food and drinks categories are changing in terms of ingredient formulations.
- Get up to speed on emerging novel ingredients and the benefits they offer consumers.
- Consider whether you should be looking beyond your present product portfolio for emerging opportunities.
- Prompt your marketing and NPD teams with product and marketing ideas from around the world.
- Set goals and objectives for your company’s new product development pipeline.
Key Market Issues
- Regulatory pressures on manufacturers are firmly in the direction of making food and drinks products healthier. Trends in food and drink ingredients labeling regulations are also becoming more restrictive.
- In developed markets, as the proportion of consumers interested in natural and healthful food and drinks increases, so will sales of products with naturally nutritionally rich and quality calorie content.
- In developed markets, concerns about natural and healthful ingredients will fit in with consumers concerns about food and drink ethics – increasingly, healthful will also mean ingredients that are responsibly sourced in terms of social and environmental sustainability.
- The idea of more gourmet and exotic products will also chime with consumers’ increasing concerns for natural and healthful ingredients – the idea of having premium and/or novel nutritionally rich, quality calories will catch on.
- The staying power of emerging, novel ingredients will largely depend on meeting consumer demands in terms of taste, provenance and efficacy.
Key findings from this report
- ‘Natural’ was the top claim in food and drink product launches, with a share of 9.24% in 2008 rising to 10.03% in 2009.
- Between 2008 and 2009, soft drinks were the leading category in terms of their share (60.7% in 2009) of products launched with an innovative ingredient formulation, followed by confectionary.
- Manufacturers are driving bakery and cereal ingredient formulations forward by specifying provenance of key ingredients including wheat and garlic, and by specifying the genus of wheat varieties and of other key ingredients such as seeds.
- Probiotics remain a key ingredient theme in the dairy category and had a rising ingredient share in the period 2008-2009.
- A key theme in soft drink ingredient formulations between 2008 and 2009 was more natural ingredient formulations.
- One strategy used by manufacturers of confectionary products to offer benefits of calorie quality and nutritional value is fortification with vitamins and minerals.
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