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How To Exploit New Wellness Trends In Drinks

Published by: Datamonitor

Published: Jun. 12, 2006 - 38 Pages


Table of Contents


TABLE OF CONTENTS

DATAMONITOR VIEW 1

CATALYST 1

SUMMARY 1

METHODOLOGY 2

TABLE OF CONTENTS 3

ANALYSIS 5

TREND: people are taking greater individual responsibility for wellness 6

People are clearly looking to improve their health 6

Wider initiatives are in place encouraging a longer-term wellness approach 7

TREND: consumers are purchasing ever larger quantities of ‘wellness drinks’ 7

US consumers are flocking to natural and organic drinks 8

European consumers are less diet-focused than Americans 9

Natural ingredients are perceived to complement wellness 11

TREND: wellness is a trend with relevance for the entire drinks market 13

Overall drinks consumption is becoming healthier 14

Several consumer wellness trends are driving overall drinks sales 15

INSIGHT: consumer stress drives emotional wellness concerns 15

Stress and anxiety are increasingly prominent lifestyle factors 16

Work-life imbalance is a key priority for wellness products to tackle 17

Emotional wellness seekers will choose sensory loaded products 17

INSIGHT: body image is an important part of wellness 17

Time spent on personal appearance is increasing 17

Consumers are generally dissatisfied with their appearance 18

Appearance dissatisfaction leads to a lower sense of wellness 18

INSIGHT: consumers have strong associations between drinks and wellness 18

Dietary issues are perceived as most important in achieving a sense of wellness 18

Beverages have clear wellness advantages of their own 19

INSIGHT: attitudes to health and wellness vary by consumer group 20

Women tend to care more about wellness than men 20

The old and the young are the most important wellness consumers 21

INSIGHT: there is still a gap between wellness attitudes and behaviors 22

Consumers are skeptical of health information and health claims 22

Consumers find healthy living regimes too difficult to follow 23

Conclusions 24

ACTIONS 24

Target wellness marketing towards body image concerns 25

Create drinks that go beyond ‘diet’ to ‘weight management’ 25

Move beyond weight loss to personal beauty 26

Address the health/indulgence clash using ‘freshness’ 26

Build freshness using packaging cues 27

Don’t neglect the product itself 27

Develop ‘refreshing’ qualities through product and marketing manipulation 28

Tailor NPD and marketing to specific demographic groups 29

Meet older and younger consumers’ unmet healthy beverage needs 29

Make sure that attempts at gender-based wellness positioning are targeted appropriately 30

Address the attitude/behavior gap by building trust and awareness 31

Do not make ‘scientific’ claims that consumers cannot easily understand 31

Use ‘natural’ as a code word to build consumer trust 32

APPENDIX 34

Additional data 34

Definitions 37

Extended methodology 37

Ask the analyst 38





Abstract

Introduction
Consumers spent more than US$25bn on 'wellness drinks' in 2005, making up 12% of all soft drinks spending across the US and Europe. The market represents a major opportunity for drinks marketers, as consumers become aware of the link between diet and lifestyle. Drinks offer consumers a convenient way of maximizing nutrition and 'feel-good' benefits while living increasingly hectic lifestyles.

Scope
Quantitative data covering wellness drinks sales value and volume between 2000 and 2010, broken down by country and category.
Population data showing the numbers of regular and occasional users of natural products between 2000 and 2010, broken down by country.
Survey-based insights into consumers' attitudes towards their bodies and minds, and how they affect consumption behavior.
Detailed action points offering practical strategies based on the trends and insights analyzed in the report.
Highlights
Growth in wellness drinks consumption is no longer driven by diet products: functional drinks saw sales in the US rise by more than 5% a year over the 2000-2005 time period, while natural and organic drinks grew by almost 30% every year. In Europe, functional, natural and organic drinks grew at double the rate of diet drinks.

There are 58 million 'loyal' users of natural products in Europe, and another 39 million in the US. Along with 177 million European and 123 million American 'occasional' users, they make up well over half the total population. The number of people who do not seek out natural products is forecast to decline by 3% a year in both countries.

According to a global online poll conducted by The Economist, health was the most important factor considered important for personal happiness, with only family relations coming close. Similarly, 90% of European and US consumers surveyed by Datamonitor believe that improving their health is important and 66% have taken recent steps to improve it.

Reasons to Purchase
Obtain exclusive data concerning value consumption of all different wellness drinks categories over time
Understand the attitudes driving changes in consumers' healthy drinks consumption behavior
Improve your marketing strategy by tailoring wellness drinks to the most important consumer needs



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