Next Generation Functional Food and Drinks: Opportunities in Personalized Nutrition

Published by: Datamonitor

Published: Nov. 26, 2008 - 193 Pages

Table of Contents

Overview

Catalyst

Summary

Table of Contents

Table of figures

Table of tables

THE FUTURE DECODED

INTRODUCTION: Personalized nutrition is an emerging yet potentially influential trend

TREND: Intensifying health concerns are driving interest in more sophisticated and effective forms of nutrition

Many consumers are demonstrating high levels of concern about their dietary choices

Consumers continue to make concerted efforts to improve their diet

The growing interest in food labeling highlights the importance of diet and nutrition to consumers and that shoppers are looking for nutritional information that is personally important to them

Key takeouts and implications: as general health concerns engulf the mass population, dietary concerns will evolve to become more specific

TREND: Personalized nutrition overlaps with a number of other food and beverage trends and themes but is now evolving with complex nutritional science focusing on genetics

Personalized nutrition is a relatively broad concept and it is not solely focused merely on health and nutrition

Growing consumption of functional food and drinks reflects the demand for more personalized, targeted dietary solutions

Usage occasion and demographic specificity, and catering to specific dietary requirements, are also important platforms for personalized nutrition

Consumers are empowered by additional choice and the new possibilities to adjust and adapt the taste/flavor benefits

Nutrigenomics facilitates dietary customization according to an individual's genetic make-up

Personalized nutrition, and the megatrend it is aligned with, is also linked to self identity, self-expression and self indulgence

Key takeouts and implications: there are numerous innovation platforms for offering personalized nutrition

INSIGHT: Consumers are attracted by the prospect of custom solutions but the desire for personalized benefits is secondary to most other aspects influencing dietary choices

There are a number of personal motivations/benefits associated with customization opportunities

Consumers place high importance on products and services being designed for their specific needs

When considering a wider set of food and beverage considerations, customization/personalization benefits are less important to consumers

Key takeouts and implications: personalization/customization benefits fulfill important needs but are not typically top-of-mind when making general food and beverage choices

INSIGHT: Many consumers appear skeptical about personalized nutrition, especially nutrigenomics

Consumers are skeptical of health and nutritional claims

Consumers in more developed markets are skeptical about food and beverages aimed at children

Many consumers express mixed feelings towards food and beverages that are customized to meet specific needs

Skepticism surrounds using genetic information to inform and direct food and beverage choices

Key takeouts and implications: consumer skepticism and a lack of awareness will inhibit the adoption of sophisticated functional foods and the more scientific forms of personalized nutrition

INSIGHT: The desire for personalized choices conflicts with the desire for simplified choices, a less complicated lifestyle and value conscious purchasing

The issue of consumer choice is complex, but it has implications for the appeal of personalized nutrition

The desire for a simpler life may be at odds with some more complex innovation platforms associated with personalized nutrition

Price/value is a key influencer of food and beverage choices which may negatively impact the wider acceptance of higher priced personalized nutritional products

Key takeouts and implications: customization/personalization is seemingly at odds with other important factors directing consumption behavior

ACTION POINTS

ACTION: Develop a broad range of functional food and beverage products offering antidotes to the myriad of health problems consumers face

Recognize that targeted functional food and drinks offering bone and joint and oral health benefits will have added relevance as populations age

Offer a broad range of products promoting heart health

Develop digestive health products that communicate both 'softer' and 'hard health' benefits associated with immunity and gut ailments respectively

Pursue opportunities in the relatively niche area of cognitive health by capitalizing on the desire for optimal day-to-day performance in all forms of life

Use antioxidant rich ingredients to tout immunity health against the rigors of daily life

Capitalize on the strengthening crossover between health and beauty

Target the desire for improved physical health with energizing and vitality enhancing products

Target the need for relaxation with calming food and beverages that offer 'antidotes to reality'

Develop product lines with individual SKUs each delivering different targeted benefits

ACTION: Develop age, gender and occasion targeted food and beverage solutions

Target gender specific dietary needs

Assess innovation opportunities associated with age personalization

Targeting lifestyle/interest groups and more specific occasions is another route to offering personalized nutrition

Develop specific lines for those suffering from food allergens and intolerances but recognize that it is still a niche market segment

ACTION: Be future focused and invest in the opportunities presented by developments in nutritional science such as nutrigenomics

APPENDIX

Definitions

Methodology

Further reading and references

Ask the analyst

Datamonitor consulting

Disclaimer

List of Tables

Table 1: Consumer survey: the importance that individuals attach to diet and nutrition in creating a feeling of wellbeing or wellness, in 15 countries across Europe, Asia Pacific, South America and the US, by country, 2008

Table 2: Consumer survey: the influence of health on food and beverage product choices in 15 countries across Europe, Asia Pacific, South America and the US, by country, 2008

Table 3: Consumer survey: the propensity to take active steps to eat more healthily more or less often, in 15 countries across Europe, Asia Pacific, South America and the US, by country, 2008

Table 4: Functional food and drink market value in Europe, the US and Asia Pacific (US$ millions), by country, 2002-2012

Table 5: Consumer survey: the importance that individuals attach to diet and nutrition in creating a feeling of wellbeing or wellness, in 15 countries across Europe, Asia Pacific, South America and the US, by country and gender, 2008

Table 6: Consumer survey: the importance consumers attach to individuality and self-expression, in 15 countries across Europe, Asia Pacific, South America and the US, by country, 2008

Table 7: Consumer survey: the importance attached to brands which match their attitudes and outlook on life, in 15 countries across Europe, Asia Pacific, South America and the US, by country, 2008

Table 8: Consumer survey: the importance of using products and or services designed for specific needs, in 15 countries across Europe, Asia Pacific, South America and the US, by country, 2008

Table 9: Consumer survey: the perceived influence of customization or personalization benefits on food and beverage product choices in 15 countries across Europe, Asia Pacific, South America and the US, by country, 2008

Table 10: Consumer survey: trust in health and nutritional claims made by food and drink manufacturers, in 15 countries across Europe, Asia Pacific, South America and the US, by country, 2008

Table 11: Consumer survey: trust in food and beverages aimed at children, in 15 countries across Europe, Asia Pacific, South America and the US, by country, 2008

Table 12: Consumer survey: the appeal of food and beverage products formulated with specific nutritional needs in mind, in 15 countries across Europe, Asia Pacific, South America and the US, by country

Table 13: Consumer survey: the appeal of using information about genes to provide nutritional and or diet related advice, in 15 countries across Europe, Asia Pacific, South America and the US, by country

Table 14: Consumer survey: agreement with the statement, there is too much choice when doing grocery shopping, in 15 countries across Europe, Asia Pacific, South America and the US, by country, 2008

Table 15: Consumer survey: importance attached to living a less complicated lifestyle, in 15 countries across Europe, Asia Pacific, South America and the US, by country

List of Figures

Figure 1: Personalized nutrition reflects a crossover between the health and individualism megatrends

Figure 2: More than three-quarters of consumers consider diet and nutrition to be an important factor in creating a feeling of wellbeing

Figure 3: Diet and nutrition is one of six dimensions associated with the broader notion of wellness

Figure 4: Health considerations have a significant amount of influence on food and beverage choices

Figure 5: Consumers demonstrate a high level of interest, at least attitudinally, towards label information

Figure 6: Intensifying health concerns lead to more considered choices governed by a heightened reliance on food labels which in turn is likely to fuel the demand more personalized nutrition

Figure 7: Personalized nutrition encompasses four specific sub-trends and associated product benefits

Figure 8: Functional food and drinks are formulated to offer specific health and wellness benefits to targeted consumers and consumer needs, and are therefore central to personalized nutrition

Figure 9: A high proportion of consumers have no concern over gluten

Figure 10: Nutrigenomics is geared towards understanding the response of the body to diets and food factors through various ''omics'' technologies such as transcriptomics, proteomics, and metabolomics

Figure 11: Identity based consumption is driven by the importance that shoppers place on 'brand attitude'

Figure 12: Enjoying small indulgences to escape everyday pressures has remained a theme in global consumer behavior in 2008

Figure 13: Four key personal benefits as well as the additional ease of customizing have driven the trend toward more personalized consumer packaged goods

Figure 14: Consumers are attracted to the idea of using products and or services designed for specific needs

Figure 15: When considering a wider set of food and beverage considerations, customization/personalization benefits are less important to global consumers

Figure 16: Though consumers consider products and or services designed for their specific needs to be important comparatively fewer respondents consider customization/personalization benefits to be an influential factor in their choice of food and beverage products

Figure 17: Consumers are unconvinced by the health and nutritional claims made by food and drink products

Figure 18: Skepticism surrounds food and beverages aimed at children in developed consumer societies

Figure 19: Many consumers express mixed feelings towards food and beverages that are customized to meet specific needs

Figure 20: Skepticism surrounds using genetic information to inform and direct food and beverage choices

Figure 21: The desire for personalized choices conflicts with the desire for simplified choices, a less complicated lifestyle and value conscious purchasing

Figure 22: A large proportion of consumers already feel there is too much choice when doing grocery shopping which means industry players must be careful to make consumers feel confused or overwhelmed by more food or beverage variants offering more targeted benefits

Figure 23: The idea of living a less complicated lifestyle resonates with consumer across the globe

Figure 24: French, US and Brazilian consumers are the most price conscious food and beverage consumers

Figure 25: These consumer needs offer opportunities for targeted food and beverage solutions

Figure 26: Bone, joint and tooth strengthening food and beverages are all forms personalized nutrition through targeted functional products

Figure 27: Heart health products are prevalent across sectors and categories and range in claim specificity

Figure 28: Probiotics and prebiotics are being offered in tandem and across a broader range of product formats

Figure 29: Omega-3 DHA is typically the core ingredient for the proliferating lines of brain nourishing food and beverages

Figure 30: Antioxidant rich ingredients and probiotics are being used to boost immunity health

Figure 31: These products demonstrate just some of the different formats, geographies and ingredients used in beauty food and beverages across the globe

Figure 32: Supplements targeted primarily or exclusively at beauty concerns are growing in number

Figure 33: Traditional cosmetic companies are increasingly investigating how food ingredients can be beneficial to the skin and hair

Figure 34: Targeting the desire for energy and vitality is being done with more intensity and sophistication

Figure 35: Mood foods reflect the growing array of products targeting emotional wellbeing

Figure 36: Many brands are delivering 'multi-faceted health' by developing product ranges with variants that cater to the differing health needs of consumers

Figure 37: Gender specific products are well placed to capitalize on the personalized nutrition trend

Figure 38: Parents are increasingly acting out these concerns in their roles as 'gatekeepers' of family grocery purchasing, suggesting that marketers must address parental concerns with healthier kid-focused food and beverage products

Figure 39: Personalized nutrition will be particularly important for aging populations

Figure 40: Targeting lifestyle/interest groups and more specific occasions are additional routes to offering personalized nutrition

Figure 41: With 'FoodFlex', Safeway is demonstrating how retailers can also capitalize on shoppers' desire for more personalized offerings

Figure 42: Developing and clearly signposting gluten and lactose free products will become an increasing feature of food and drink product development in the coming years

Figure 43: Nutrgenitics and genomics will drive the next generation of health and wellness food and beverages

Abstract

• Detailed insights and analysis documenting the drivers and inhibitors of personalized nutrition and the broad opportunities associated with the trend
• Insights highlighting consumers' interest in health and nutrition, personalization and their attitudes towards new developments in nutritional science
• In-depth NPD analysis and detailed recommendations offering practical strategies based on the trends and insights uncovered throughout the report
• Countries covered: France, Germany, Italy, the Netherlands, Spain, Sweden, UK, US, Australia, Japan, South Korea, China, India, Brazil and Russia

• Gain an understanding of consumer attitudes towards health and nutrition and the vast product opportunities associated with personalized nutrition
• Use the latest evidence based insights to launch and/or reposition products, so that they capitalize on pertinent consumer trends
• Recognize the key growth areas in the functional food and beverage markets and how to capitalize most effectively

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