Innova Market Insights has launched its report on what it believes will be the top ten trends for 2018, noting how increasingly thoughtful and mindful consumers will continue to catalyze changes.
Innova Market Insights launches top 10 2018 trends report
Innova Market Insights has launched its report on what it believes will be the top ten trends for 2018.
The increasingly thoughtful and mindful consumer will continue to catalyze changes in the way that companies produce, package and label their products, Innova believes. More conscious than ever about making responsible food choices, four in 10 US and UK consumers increased their consumption of “healthy foods,” seven in 10 want to know and understand the ingredient list, one in five in the US are most influenced by “real” ingredients, and ethical claims on packaging are top of mind. In response, Innova notes, better-for-you claims continue to be on-trend, having increased their market penetration from 42% in 2012 to 49% in 2017 YTD.
“Today’s consumer displays a high level of mindfulness about well-being and the environment,” said Lu Ann Williams, Director of Innovation at Innova Market Insights. “So it is no surprise that consumers are becoming increasingly mindful in their food choices, wanting to know what is in their foods in order to make decisions about health, sustainability and ethical issues.”
“Mindful Choices” leads the list of Innova Market Insights’ Top Ten Trends for 2018, where the company continuously analyzes global developments in food and drinks launch activity and consumer research to highlight the trends most likely to impact the food and drinks industry over the coming year and beyond.
Innova Market Insights’ top five trends for 2018 are:
Consumers are more conscious than ever about making responsible food choices, and increasingly want to know what is in their food and how it is produced. Innova Market Insights research data indicates that 1 in 2 US, UK and German consumers read ingredient labels often and that 7 out of 10 US and UK consumers want to know and understand ingredient lists. At the same time, rising levels of interest in ethical issues have resulted in the use of ethical claims for food and drink NPD soaring in recent years, with a CAGR of 44% over the 2011-2016 period.
As consumers continue to look for ways to eat and drink more healthily, lightness in terms of alcohol content, sweetness, flavor, texture or even portion size is increasing its appeal, although definitely not at the expense of a familiar, high quality and indulgent taste profile.
As consumers become more concerned about naturalness and minimal processing techniques, the industry is reviving traditional processes such as fermented foods and cold brew tea and coffee, alongside the development of new ones.
Going Full Circle.
The notion of closing the circle is increasingly taking hold, with greater consumer expectation that companies and brands will be more resource-smart via developments such as tip-to-tail eating, innovative uses for food waste and more biodegradable and renewable packaging.
Beyond the Coffeehouse.
While coffee is clearly trending among Millennial and Generation Z consumers, tea is also seeking to reinvent itself among the younger generations. With the taste and experiential associations of coffee and the healthy image of tea, the industry is increasingly using coffee and tea as ingredients and flavors outside the hot drinks and iced tea and coffee sub-categories across a wide variety of products as varied as energy bars, yogurt and jam.
The other trends identified by Innova Market Insights are:
6. Say it with Color
7. Dining Out, In
8. From Snacks to Mini Meals
9. Ocean Garden
10. Bountiful Choice