Page 32 - FoodFocusThailand No.174 September 2020
P. 32

SPECIAL FOCUS
            SPECIAL FOCUS
                                                                                      The findings from Trendipedia — a
                                                                                                                    1
                                                                                      study  on  2020  consumer  trends.
                                                                                      The study of food consumer trends
                                                                                      explains why it is now more important
                                                                                      than ever to make sustainable
                                                                                      changes while meeting the needs
                                                                                      of health-conscious consumers who
                                                                                      are also looking for convenience.
























                                                                 2020 Consumer Trends:

                            It is now more important than ever


                                           to make sustainable changes




               With competition in the food industry remaining high, food producers must   Convenience Reborn
            be aware of the latest market trends and statistics to stay ahead. COVID-19 is   The  second  key  trend,  defined  as  ‘Convenience  Reborn’,
            ‘unexpected’ in the physical and social context, impacting consumer concerns   highlights the rapid development of e-grocery and home delivery
            and behaviour. But even with a shift like this to the ecosystem, the underlying   options  which  have  slowly  gained  importance  because
            trends and macro forces are still expected to have significance. In order to meet   consumers are staying in their homes. New consumer groups
            these consumer demands, manufacturers need the latest packaging and   who never considered these solutions before, such as the elderly,
            production solutions. The study identifies seven major trends for 2020, which   will try them for the first time and might become dependent on
            are classified as:                                             them. To make online shopping easier, food products must be
               1. Responsible consumption                                  easy to find, identify and understand. Packaging must be
               2. Convenience reborn                                       designed to appeal visually to e-shoppers, taking into account
               3. Heritage and provenance                                  the size of a typical smartphone screen.
               4. Reconnect
               5. Intentional indulgence                                   Heritage and Provenance
               6. Personal data                                            The third major trend identified in the study is ‘Heritage and
               7. Experience matured                                       Provenance’. Food has always been a central part of human
                                                                           culture  and  a  strong  carrier  of  cultural  messages. Today,
               In this article, the author emphasises on the importance of these trends and   globalization is generating a powerful urge to explore other
            leverages the first three trends on food and beverage business.    cultures and heritages. For new products to succeed in this
                                                                           category, food producers need to align the authenticity and
            Responsible Consumption                                        quality of ingredients, with the right recipes and product
            For the food and beverage industry, by far the biggest consumer trend is   presentation. They may also need to fine-tune their products to
            ‘Responsible Consumption’ which relates to health and environmental concerns.   suit the tastes of different geographies and demographics.
            These were once two separate trends, but today’s consumers see them more   We can see that current consumer trends are fundamentally
            holistically and understand their interaction. The new attitude that is evolving –   connected, and this link between trends can be a truly inspiring
            ‘what is good for the planet is also good for me’ – presents new opportunities for   source of long-lasting innovations. The report emphasises a
            food producers. To retain consumers’ trust and maintain brand positioning, the   very important idea — one trend may facilitate the other, and
            product and the packaging should combine to deliver a coherent message. The   perhaps together they fulfil a basic human need or universal
            products need to look and feel clean.                          human truth.

             32  FOOD FOCUS THAILAND  SEP  2020


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