In a world of uncertainty, one thing is certain in 2017: America will eat! But how and where people source meals and the attributes that will win share of wallet are ever-changing. Here are five overarching trends to watch in 2017.
- The battle for share of stomach will intensify. For several years now, more than 80 percent of meals have been sourced from home; fewer than 20 percent have been sourced from foodservice, and dollars are evenly split between the two. Food manufacturers will benefit from a trend toward eating meals at home by capitalizing on consumers’ desires for fresh, authentic foods. Foodservice operators will increasingly leverage technology to conveniently get their food on the in-home table. At the intersection of this trend is the retailer, who will continue to blur the line between retail and foodservice.
- Watch for the continued development of the “blended meal.” Consumers are dining at home more, and they value fresh and authentic foods, but convenience remains an important part of the equation. People don’t always source meals entirely at home or away. Look for various components of “homemade” meals to be sourced from items fully or partially prepared. Opportunity exists all along the preparation spectrum, from meal kits to restaurant delivery.
- Companies will win by getting personal. Even in a mature, low-growth environment, there will be opportunities for double-digit growth. But today more than ever, the consumer is in charge. Access to information is empowering people to do things on their terms. The days of a one-size-fits-all blockbuster idea are over. Consumers will seek out foods with a variety of value-added attributes (fresh, natural, organic), positive benefits (energy, brain food, etc.) and social value (local, sustainable, transparent). Some of these opportunities may seem small by big-company standards, but that is where the growth is.
- The definition of meal occasions will evolve. People aren’t adding new eating occasions to their day, but how meal and between-meal occasions are composed will continue to change. Foods that offer the flexibility to compose an eating occasion to fit specific needs at a given time will grow, whether packaged goods or foodservice offerings. Consumers will make choices on price point, portion control, and portability – whatever allows them to craft a snack or full meal, spend a little or a lot, take a break or eat on the run.
- Experience will make the difference. To stand out, food manufacturers, retailers, and foodservice operators must go beyond sustenance. People will seek out experiences, whether through exploring street food vendors, emerging ethnic flavors, or hands-on experiences, such as learning new food prep techniques. Connecting your product or brand to an experience people are eager to share with others can be an important differentiating factor in 2017.
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Food Summit 2021
Presentation: Food Summit 2021
Date: April 15
Time: 2pm - 4pm CT
Description: Join NPD for our 14th Annual Food Summit. This virtual event will explore the accelerated trends fast forwarding us five years into the future. This event is open to leaders in the food, foodservice and home industries.
NGA ENGAGE: Driving Growth Strategies
Presentation: Driving Growth by Understanding The Why Behind the Buy
Presenter: David Portalatin, Senior Vice President and Food Industry Advisor
Date: May 17, 2021
Time: 10:30 am E.T.
Description: There is a significant amount of attention focused on food and beverage shoppers inside of grocery stores, but research shows that shoppers make most of their purchasing decisions before they ever enter the store. Understanding these habits and practices and the needs that drive them is critical information for retailers and manufacturers seeking to create successful strategies to drive growth. Geared to food retailers, wholesalers, and manufacturers, this session will explain and demonstrate the value of taking a holistic view of the grocery shopper by understanding behaviors like need states, health concerns, and meal dynamics that influence their purchasing decisions.