The Future of Gourmet Foods
Report description
This report identifies current trends in gourmet food and considers how gourmet products are differentiated from mainstream products, how they evolve and how their premium positioning can be defended. By looking at the latest trends in new product development and evolutions in consumer demand, the report identifies key opportunities for future development strategies.
- Understand consumer expectations of gourmet food within the mass market for food and drinks and benchmark products against gourmet criteria.
- Gain an insight into how consumer demand for healthy and ethically produced food can be an opportunity rather than a threat to gourmet food.
- Evaluate how consumption of gourmet food has changed due to the economic recession and gain an insight into what’s changing in the market.
- Analyze product launch activity to gain an insight into the innovations landscape and assess the future development of key trends.
- Identify strategies for the innovation and marketing of gourmet products that will meet coming consumer tastes and demands.
Gourmet products typically attract a price premium, but as a result of the economic downturn in developed economies, consumers expect food and drinks manufacturers to justify premiums through specific, transparent, and verifiable product claims.
Public awareness of ethical issues surrounding food production and packaging waste is leading to demand for sustainably produced and packaged products. Despite the economic downturn, consumers are more prepared than ever to pay a premium for ethical food and drink; by extension, ethical claims help justify price premium of gourmet products.
Although gourmet is often thought of as indulgent, the trend towards products that promote health and wellbeing is proving to be a boon for gourmet products which make claims such as all-natural ingredients, no chemical additives, or even contain health-enhancing ingredients such as exotic super fruits, which appeal to health-conscious consumers.
- What does it take to create a really successful gourmet product, how can it be differentiated from the competition, and how should it be marketed?
- How can gourmet food positioning be defended over time from threats such as private label and the commoditization of new flavors and ingredients?
- Where is gourmet innovation taking place, what are the innovations, and what’s important to consumers in those markets?
- What are the key developments in eating out and other leisure activities that are having an influence on gourmet food trends?
- What impact is factors such as the global economic recession, consumer interest in ethical issues, and health concerns having on gourmet foods?
Table of contents
Executive summary
Introduction
Influencers of gourmet trends
Global overview of major gourmet trends
New product trends in gourmet foods
Defensible gourmet positioning
Conclusions
Introduction
Summary
Introduction and methodology
How this report has been compiled
Defining gourmet foods
Indicators of gourmet
What kind of products are gourmet?
Influencers of gourmet trends
Summary
Introduction
What influences our view of gourmet?
Rise of the ""foodie""
Social concern and sustainability
Wellness and healthy eating
International travel
The importance of price in gourmet foods
The importance of exclusivity
The symbolic significance of food
The buying motivations of consumers
Consumer groups
The importance of social media for engaging consumers
Consumers in emerging economies
Major gourmet trends: global overview
Summary
Introduction
Gourmet launches in the context of the global food and beverage market
Gourmet launches by region
Product launches by category
Private label products
Single serving
Organic
New product trends in gourmet foods
Summary
Introduction
Product trends led by taste and flavor
The top 20 flavors in gourmet launches
Flavor trend highlights
Trends in flavor combination
Targeting foodie consumers
Typical foodie products
Alcohol in foodie products
Alcohol influence on foodie products
Novelty foodie ingredients: petals
Exclusivity
Specificity and authenticity
Single estate products
Harnessing the power of restaurants and celebrity chefs
Luxury ingredients
Health
Claims preceded by a negative such as “low in...”, “no...”
Positive health claims
Ethical products
Convenience
Artisan, homemade, and family recipes
Experimental, off beat, novelty, and gifts
Defensible gourmet positioning
Summary
Introduction
Defining the levels of gourmet foods
The three tiers of gourmet
How gourmet positioning changes over time
Case study: salt
What attacks or erodes gourmet positioning?
How to protect gourmet positioning
Conclusions
Summary
Introduction
Strategies for creating a gourmet food strategy
Staying exclusive
Maximizing the chances of success
Conclusion: long-term trends
List of tables
Top ten health claims preceded by a negative in gourmet food launches
List of figures
Major trends in gourmet foods
Emotions and self image around gourmet food
How products are tailored to consumer groups
Global gourmet launches as a % of total food and beverage launches
Gourmet launches by region, 1 July 2006 – 30 June 2001
Major gourmet categories as a % of all gourmet launches
Private label products as a % of all new gourmet launches
Single serving products as a % of all gourmet launches
Major trends in new product development
The top 20 flavors in gourmet food launches July 2006 – June 2011
Flavor trends July 2006 - June 2011
Product launch examples of salty-sweet flavor trend
Chili in combination with other flavors
Product launch examples of chili with a contrasting flavor
Gourmet products with alcohol flavors
Gourmet products with tea flavors
Examples of cross-category dessert flavor migration
Examples of cross-category savory flavor migration
Unusual flavor combinations in gourmet food
Examples of typical foodie products
Examples of product launches where alcohol is a key flavor or ingredient
Wine-inspired products
Products with petals
Examples of highly exclusive products
Product launches with ingredients with highly specific origins
Single estate products
Celebrity chef-inspired products
A caviar lunch pack from Caviar Co marketed at children
Product launches with luxury ingredients
Gourmet beverages making antioxidant claims
Antioxidants in gourmet confectionery
Probiotic products containing Ganeden BC30 strain
Gourmet products with omega-3
Gourmet oils produced from unusual plants
Gourmet salt launches
Examples of ethically traded gourmet products
Gourmet food launches that make environmental claims
Gourmet food launches in convenience food formats
Convenient gourmet coffee formats
Gourmet product launches with artisan and homemade claims
Home baking kits
The three tiers of gourmet food
Adding a modest amount of value to sea salt with grinders and flavors
Adding value through specificity of provenance and production methods
Adding value to gourmet salt through convenient formats
Adding gourmet cachet to premium sea salt with foodie ingredients
Innovation and premiumization in sea salt
The life cycle of a gourmet product
Related market research by sector
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