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just-food.com research update 99 | |
Probiotic products now starting to feature in non-chilled food and drinks sectorsLearn about the growth in new product activity in just-food's forthcoming Global market review of probiotics - forecasts to 2013. Around 30% of the global population buys into the probiotic dairy sector on a regular basis, representing a major part of the US$85bn global functional foods market, of which the US, Western Europe and Japan account for over 70%. In 2008, the global probiotics market (including both foodstuffs and supplements) was worth over US$15.7bn, or over 18% of the global functional foods market. Since 2003, the global probiotics market has more than doubled in value terms, and is currently rising by almost 15% per annum.
This new first edition report from just-food reviews the global market for the probiotics sector, looking at each sub-sector within, current trends, consumer dynamics, industry supply and new product activity, plus we analyse and predict the future for this dynamic sector. If you would like to be contacted as soon as this report is available, please register your interest via email.
In keeping with many other parts of the world, the US has a steadily expanding market for private label foods. Although it has been slower to gain a foothold compared with European nations such as the UK, more US consumers are now turning towards private label foods in the face of the economic downturn. This new report from just-food examines the growing US market for private label foods and looks ahead to 2013 as to where the market will likely be heading. It provides a market overview with data covering the US retail food and drinks market by value (2003-2008) and private label's volume and share of value and volume over the same period. Also provided is sales value, % of market and % penetration of the major food sectors making up the US private label market. It then goes on to profile each of these 17 major sectors in turn. Download a sample of this report This report examines how responses to economic turmoil are affecting consumer demand for food products and chain restaurant services. Notably, for example, premium consumers who have taken a financial hit are more likely to shop for organic and natural foods, and are more sensitised to ethical consumerism issues. In addition, premium consumers whose financial situation has recently worsened or improved show higher levels of health and nutrition consciousness, as well as a keener taste for food adventure. In an era of widespread economic turmoil, such psychographic responses to financial setback and financial recovery will shape and transform consumer spending on food. Own labels have been taking an increasing share of the overall market for some time, driven by the growth of premium products, the expansion of sub-brands such as organic and `healthier' brands, the multiples' expansion into non-food areas, and the growing dominance of retailers over suppliers of branded goods. This report estimates that own labels accounted for around 42.3% of the market in 2008, up from 39.3% in 2004. However, the economic downturn has given a fresh impetus to own-branded goods, with consumers increasingly turning to own brands in the belief that they offer better value than their branded counterparts. The economy has decidedly impacted the restaurant industry, yet the leading Sandwich, Sub and Wrap operators have fared well. These restaurants, culled from the Quick Service and Fast Casual segments, have benefited from the best of both of those worlds, by providing fast, high-quality food at attractive price points. This report details how these players are making the greatest impact and where there is additional room for growth, including:
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