Sustainability is needed at the heart of business strategy so environmental and social goals can be integrated into companies' targets and activities. The ultimate goal is to create long-term value, not only for stakeholders but also for the wider society. The food industry is one of the biggest contributors to climate change and therefore there is a need to rethink our food systems. Increased demand for plant-based diets and tech-driven innovation to achieve more efficient agricultural practices are but two examples of the ongoing change in this space.
In this webinar, we look at trends influencing the flexitarian or plant-based consumer. We highlight plant-based and other alternative protein products coming to market, products that allow consumers to enjoy the same tastes, textures, and versatility as animal-derived foods.
Consumers around the world are showing clear messages regarding packaging preferences that are better for the environment. Greener solutions like recyclable, biodegradable and refillable are rooted in Latin American consumer minds, over Europe and North America. Yet there is still a gap between what consumers want and the available solutions companies are offering in the region, so players should prioritise sustainable packaging efforts, as it is already happening in Europe, to win in Latin America.
The Coronavirus (COVID-19) pandemic has transformed snacking. Portability, on-the-go and social occasions were disrupted by quarantine orders and distancing efforts. Sales in emerging markets – which are uniquely dependent on out-of-home occasions – and in categories like snack bars, mints and gum, all struggled with these shifts. At the same time, categories like savoury snacks, cookies or ice cream saw sales surge as stuck-at-home consumers turned to snacks for comfort and indulgence or for family movie nights.
Mindful consumption is on the rise as personal health, diet and healthy living have become priorities for consumers in our post-pandemic world. This article explores how food and beverage companies can adapt innovation strategies to succeed in the growing health space.
Euromonitor International launches Index, identifying the key markets for food and drink brands to communicate sustainability on pack and in store. Merging survey results and national statistics with Big Data provides a mixed methodology approach to identify both well-known forerunners and interesting up-and-coming markets, as well as the companies and brands that lead the pack in emerging markets. Use of sustainability labelling grew quicker than any other group of claims in 2020.