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Examining new trends in the breakfast market and the opportunities for food manufacturers

Category : Food & Beverages  | Published Date : Nov-2015 | Pages : 80
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Summary
The breakfast market of the next five years will differ significantly from that of a few years ago, as consumer attitudes to what to eat, when, where, and how are changing rapidly. This evolution has seen the growing prevalence of convenient offerings, aimed at those living busy lives and who are pushed for time in the morning. Health needs are also being emphasized more by specialists, and consumers are monitoring their intake of bad-for-you products more closely, looking to make a healthier start to the day. Having said this, the taste aspect still remains important, especially for children, who want the tastiest and most indulgent products.

Key Findings
The cereal bars and energy bars categories should be targeted by manufacturers due to current low levels of consumption in developing countries. Manufacturers can emphasize the convenience aspect of such products as they can be consumed on-the-go, helping those with busy lives

On weekends, in particular, consumers can take the time to fully enjoy their morning meal, with variety and novelty replacing the usual weekday routine. Consumers are significantly less likely to skip the morning meal during the weekends than during the week

The health implications of breakfast products, especially those high in sugar and artificial ingredients, come later on in life, with kids focusing on the taste and indulgence aspect of products

Convenience, more than health or taste, will be the most important aspect of the Breakfast market over the next few years. Manufacturers are responding with compact pack formats, which aid consumption on-the-go. Tasty breakfast alternatives, such as cereal bars, are also set to grow in demand

Retired consumers are least likely to skip breakfast, whether its on the weekend or a weekday. These consumers should be targeted with healthy products, but those that still keep taste and indulgence as a core need state

Synopsis
The Examining new trends in the breakfast market and the opportunities for food manufacturers” report by Canadean shows the best opportunities in the breakfast market by looking at how consumer needs change by age in five core consumer need states: taste, health, convenience, ethics, and free-from. Convenience is fast becoming an important consideration, and for some consumers, due to their busy lives, is the key motivator. For others, such as kids, taste and indulgence remain the most important factors.

What else does this report offer?

Splits consumers into different age groups to provide a more holistic and complete understanding of what motivates them in each respective consumer need state

Provides recommendations that will help manufacturers better meet the consumer need state 

Case studies examining the approach retailers and CPG brands have taken when it comes to trying to enhance or meet consumer demand in areas such as taste and health

Product examples showing how innovation leaders are successfully targeting shoppers

Reasons To Buy
Know what new opportunities you should target in the Breakfast market, and what changes you need to make to your product or brand in order to pursue them

Gain an insight into what motivates consumer behavior in the Breakfast market, and what trends are likely to influence future behavior

Learn from the most innovative breakfast products launched worldwide

Find out what is motivating consumers purchasing decisions in the breakfast market, through the results from Canadeans frequent global surveys
Table Of ContentsExecutive Summary
Summary Methodology
Key categories and growth rates in the breakfast market
Growth rates, key breakfast categories, 2014-2019
Market shares by country, key breakfast categories, 2014
An increasing number of consumers are skipping breakfast, however older consumers are less likely to skip the morning meal
Consumer behavior in the breakfast market is influenced by five main need states
The importance of taste in breakfast is most important for younger consumers, while older consumers have more time to experiment
How the importance of taste is changing in breakfast markets
Consumer attitudes towards taste among Kids
Consumer attitudes towards taste among Students
Consumer attitudes towards taste among Young Workers
Consumer attitudes towards taste among Established Professionals
Consumer attitudes towards taste among Retirees
Targeting taste: product examples and case study
Steps to combat health issues become more frequent as consumers get older
How the importance of health is changing in breakfast markets
Consumer attitudes towards health among Kids
Consumer attitudes towards health among Students
Consumer attitudes towards health among Young Workers
Consumer attitudes towards health among Established Professionals
Consumer attitudes towards health among Retirees
Targeting health: case study
Convenience has become a core aspect and need state in the breakfast market
How the importance of convenience is changing in breakfast markets
Consumer attitudes towards convenience among Kids
Consumer attitudes towards convenience among Students
Consumer attitudes towards convenience among Young Workers
Consumer attitudes towards convenience among Established Professionals
Consumer attitudes towards convenience among Retirees
Targeting convenience: product examples
Ethics is often superseded by need states such as value and indulgence
How the importance of ethics is changing in breakfast markets
Consumer attitudes towards ethics among Kids
Consumer attitudes towards ethics among Students
Consumer attitudes towards ethics among Young Workers
Consumer attitudes towards ethics among Established Professionals
Consumer attitudes towards ethics among Retirees
Targeting ethics: product examples
Free-from is gaining traction in the breakfast market as a lifestyle choice
How the importance of free-from is changing in breakfast markets
Consumer attitudes towards free-from among Kids
Consumer attitudes towards free-from among Students
Consumer attitudes towards free-from among Young Workers
Consumer attitudes towards free-from among Established Professionals
Consumer attitudes towards free-from among Retirees
Targeting free-from: product examples
Methodology and AppendixList Of TablesList Of Figures
...
Publisher Name : Canadean

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