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June 25, 2015

Top Trends Seen at FMI Connect and United Fresh 2015

The FMI (Food Marketing Institute) Connect, InterBev, and United Fresh co-located trade shows took place in Chicago from June 8 to 11. The three trade shows hosted attendees who saw the latest in alcoholic drinks, fresh produce, hot and soft drinks, and packaged foods for the supermarket industry. Below are the top trends that the Euromonitor research team of Beatriz de Llano, Emily Balsamo, Eric Penicka, Mark Strobel, and Virginia Lee observed.

Authentic Italian

Italia

Italian companies had a big presence at this year’s FMI Connect through the Italy pavilion. Organized by the Italian Trade Agency (ITA), the pavilion featured about 50 Italian food and beverage companies featuring products from gorgonzola cheese to Prosecco to packaged cornetti (an Italian pastry). While the presence of Italian products at FMI Connect was undoubtedly to increase exports of Italian products into US retail outlets, the underlying goal of the ITA was to educate Americans about what separates products from Italy and those made in the Italian style. Further, the ITA’s final objective is to obtain geographic labelling protections much like those which currently exist within the European Union, which are currently being negotiated under the Transatlantic Trade and Investment Partnership. If passed, geographical indications on European products would give consumers an additional informative label to trust, much like “Certified GF Gluten Free” and “USDA Organic” certifications, assisting consumers in identifying true Italian products from their imitators.

Continue reading "Top Trends Seen at FMI Connect and United Fresh 2015" »

June 23, 2015

What’s New in Cheese: JVs, Acquisitions and Changes in Future Country Rankings

Lianne van den BosAnalyst Insight by Lianne van den Bos - Food Analyst

View Lianne van den Bos's profile on LinkedIn

Euromonitor International’s new global cheese research provides the latest insight on how the cheese industry is expected to perform in 2015 and identifies the key prospects through to 2020.

Middle East Africa and Latin America will drive future global demand

According to Euromonitor’s forecast rankings of the top future cheese markets, new winners and losers will emerge. While the US and France will remain the largest cheese markets in the world, Germany and the UK will drop down the rankings and the Latin America and Middle East and Africa regions will prosper.  As purchasing power increases and consumers are increasingly swapping home-made dairy for processed and packaged products, a large demand for future cheese sales will come from markets such as Brazil, Mexico, Kenya and Iran - all rising up the rankings. Half of new sales will come from Latin America and the Middle East and Africa over 2015-2020 representing US$8.5 billion.

Continue reading "What’s New in Cheese: JVs, Acquisitions and Changes in Future Country Rankings" »

Packaged Food 2015: What’s New in Confectionery?

Jack SkellyAnalyst Insight by Jack Skelly - Food Analyst

View Jack Skelly's profile on LinkedIn

The latest figures from Euromonitor International suggest that competition to be the leading confectionery producer is heating up between Mars and Mondelez. Both companies are expected to achieve sales of around US$25 billion in 2015, with the former company possibly edging ahead to become market leader. While it could be argued that this is a result of exchange rate differences, the implications remain disturbing for the future of the confectionery market in Western Europe.

So, what are the main points the data tell us?

1)      Confectionery environment toughens as volume consumption growth slows around the world

2)      Companies with strong European presence experience weakest performance

3)      Sugar confectionery continues its terminal decline

Continue reading "Packaged Food 2015: What’s New in Confectionery?" »

June 20, 2015

Food Intolerance Products Booming in Western Europe

The food intolerance industry grew by 11% in value terms in Western Europe in 2014. As consumers are increasingly diagnosed with lactose- and gluten-free and diabetes, consumer awareness of these products as a healthy alternative has increased accordingly. Watch the video for complete analyst insights.

Video features Roberto Fernandez - Senior Food and Nutrition Analyst 

June 13, 2015

Challenges and Opportunities for Food Manufacturers

Euromonitor International’s data reveals that the global packaged food industry will grow 2.4 percent to reach US$2.9 trillion in 2019. In this presentation, Euromonitor’s analysts Dimitrios Dimakakos, Lianne van den Bos and Lauren Bandy highlight the market trends and future prospects in packaged food and nutrition and identify the challenges and opportunities for Food Manufacturers globally and in Europe. Watch a quick snapshot HERE

Continue reading "Challenges and Opportunities for Food Manufacturers" »

June 10, 2015

How can Nestle Recover from India's Maggi Noodles Lead Scare?

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The world’s leading food giant, Nestlé, is facing a food safety scandal in India over its popular Maggi noodles. In India, the Maggi brand is synonymous with noodles, and completely dominates instant noodles with 73% value share. Will Maggi be able to regain consumer confidence and continue its domination in India? Listen to this podcast for complete Insights.

Podcast features Manjunath Reddy - Research Analyst

 

June 9, 2015

General Mills Sets Sights on China for Yoplait: is this Too Little, Too Late?

Raphael_MoreauAnalyst Insight by Raphael Moreau - Food Analyst

View Raphael Moreau's profile on LinkedIn

General Mills began constructing a new plant in Eastern China and the group’s first research centre in the country in the second half of 2014. This was with a view to start producing Yoplait yoghurts in China by the end of 2015, under a US$15 million investment. While growth prospects for yoghurt sales remain promising, with more consumers attracted by functional pro/pre-biotic yoghurts’ health properties, is Yoplait likely to gain a strong competitive advantage as a late entrant against well-established local and international brands?

Late entrant facing powerful local players

Yoplait is mostly present in developed markets, with North America and Western Europe together accounting for over 80% of the brand’s sales in 2014, while Asia Pacific generated a paltry 3%. When General Mills acquired a majority stake in Yoplait from its previous owner, Sodiaal, in 2012, the group stated that bringing the brand to China was on the agenda. Already the world’s largest yoghurt market in 2014, China is forecast to generate over 40% of global absolute growth in value sales over 2014-2019. Per capita consumption is expected to rise from 4.0kg to 6.4kg over the same period, gradually closing the gap with Japan and South Korea, which stood at 11.8kg and 9.0kg respectively in 2014. Alongside other Asian markets, consumption of drinking yoghurt in China exceeds that of spoonable yoghurt, although the latter category is expected to continue recording stronger growth.

Continue reading "General Mills Sets Sights on China for Yoplait: is this Too Little, Too Late?" »

June 8, 2015

Maggi Noodles Tested Not Safe in India - is Nestlé's Global Brand Image in Danger (Again)?

Lianne van den BosAnalyst Insight by Lianne van den Bos - Food Analyst

View Lianne van den Bos's profile on LinkedIn

The world’s leading food giant, Nestlé, is facing a food safety scandal in India over its popular Maggi noodles. In India, the Maggi brand is synonymous with noodles, and completely dominates the market with 63% share in 2014. This means that the brand has a lot to lose. The severe drop in popularity as a result of this scandal is likely to have been exacerbated by the media which are keen to highlight public safety issues especially when connected with multinational organisations. Whilst the Indian government has now ordered Nestlé to stop selling and producing Maggi noodles nationwide, this could negatively impact other brands, as Maggi is so strongly associated with the product. Indeed, the government has launched investigations into other brands. Seeing as Maggi is such a significant player, will this scandal have negative repercussions for Maggi outside of India?  Moreover, how will this scandal affect the brand’s sales in the long run? 

Continue reading "Maggi Noodles Tested Not Safe in India - is Nestlé's Global Brand Image in Danger (Again)?" »

June 5, 2015

Can Australian Branding Revolutionise the UK Breakfast Market?

Sarah Vande VeldeAnalyst Insight by Sarah Vande Velde - Business Development Executive

View Sarah Vande Velde's profile on LinkedIn

In the early 1990s, a trend started to emerge in urban areas of Western Europe and Australasia: breakfast skipping. It has since grown in popularity to become part of today’s lifestyles. However, this term is not entirely correct as most consumers are still eating breakfast, just not breakfast cereals.

As consumer lifestyles become increasingly busy, consumers are seeking quick and convenient ways to snack on-the-go, in transit or during working hours. In addition, in recent years, the health and wellness factor has come into play, with many consumers now looking not only for the easy, but also for the most nutritious option. As lives get busier, what is still widely considered the most important meal of the day is often missed.

Breakfast product manufacturers have picked up on this trend by offering more portable products, such as Belvita’s Breakfast Biscuits, Quaker’s OatSo Simple Breakfast Pot and Weetabix’s On the Go Breakfast Drink, all perceived to be healthy and which can be consumed on the go. A recent entrant to this market is Up&Go, an Australian brand that aims to redefine and revolutionise the UK breakfast market. The question is, can it really do so?

Continue reading "Can Australian Branding Revolutionise the UK Breakfast Market?" »

June 4, 2015

Euromonitor to Speak at Snackex 2015

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Location: Istanbul Congress Centre

Date: 11th June 2015

Event Description: Organised by the European Snacks Association (ESA), SNACKEX is the only 100% focused savoury snacks and snack nut event in Europe which unites the savoury snack industry in a single-destination tradeshow and conference, serving as the pre-eminent business meeting place for the industry.

The event provides a unique opportunity for industry professionals to buy, sell and network with top management, qualified buyers and key decision-makers. Attendees have numerous opportunities to interact with like-minded individuals at the exhibition and during the social functions that are an integral part of the event.

Continue reading "Euromonitor to Speak at Snackex 2015" »

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Recent Posts

Top Trends Seen at FMI Connect and United Fresh 2015

What’s New in Cheese: JVs, Acquisitions and Changes in Future Country Rankings

Packaged Food 2015: What’s New in Confectionery?

Food Intolerance Products Booming in Western Europe

Challenges and Opportunities for Food Manufacturers

How can Nestle Recover from India's Maggi Noodles Lead Scare?

General Mills Sets Sights on China for Yoplait: is this Too Little, Too Late?

Maggi Noodles Tested Not Safe in India - is Nestlé's Global Brand Image in Danger (Again)?

Can Australian Branding Revolutionise the UK Breakfast Market?

Euromonitor to Speak at Snackex 2015