GLOBAL September 2020
 
ADM identifies 6 emerging changes in consumer behaviours after COVID-19
 
ADM, a global leader in human nutrition, has identified 6 emerging behavioral changes that will power innovation and growth in the months ahead after the pandemic outbreak.
Ana Ferrell, VP of Marketing, ADM said, “Consumers’ attitudes, priorities and behaviors are shifting significantly,” said Ana Ferrell, VP of Marketing, ADM. “This evolution is providing a unique opportunity for forward-looking food and beverage companies to bring a suite of trailblazing new products to market.”
Leo Liu, President of ADM Asia Pacific said, “COVID-19 brings great challenges and opportunities to the food and beverage industry, especially in China and even the Asian market." He added that consumers are paying more attention to how to supplement nutrition to improve their own immune system and keep healthy. At the same time, the epidemic also puts forward new requirements for industry innovation, including not only product innovation, but also how to combine new logistics approaches with market channels to innovate safer, more efficient, reassuring and convenient sales methods for consumers.
Recent ADM OutsideVoice research done globally showed that 77% of consumers intend to make more attempts to stay healthy in the future. Food and beverage manufacturers who successfully balance consumer health concerns with affordability are most likely to win with consumers.
The 6 behavioral shifts identified by ADM that will create opportunities for food and beverage manufacturers to gain market share during current uncertain times are as follows:

1. Increasing Focus on Gut Health and Immune Function Connection
Globally, 57% of consumers report being more concerned about their immunity as a result of COVID-19 (1). As consumers strive to enhance their immunity, they are becoming more knowledgeable about how the human microbiome supports the immune system and overall wellbeing. Products containing probiotics, prebiotics and postbiotics can benefit the microbiome and are already gaining momentum in the marketplace.

2. Plant-Based Becomes Mainstream
In the US, 18% of alternative protein buyers purchased their first plant-based protein during COVID-19, and 92% of those first-time buyers report they are likely to continue purchasing meat alternatives (2). In Germany, the UK and the Netherlands, 80% of consumers state they are likely to continue eating plant-based meat alternatives beyond COVID-192. With health, safety and convenience as top purchase motivators, products that deliver exceptional nutrition and a high-quality sensory experience will be poised for success.

3. New Perspective on Weight Management and Metabolic Health
The pandemic’s consequences for individuals with hypertension, diabetes and cardiovascular disease have consumers viewing weight management and metabolic health in a new light, with 51% of consumers indicating they are concerned about being less active or gaining weight during the pandemic. That worry is likely to increase demand for functional solutions supportive of metabolic wellness and healthy weight management.

4. Finding Balance: Self Care, Emotional Wellbeing and Nutrition
The difficult circumstances stemming from COVID-19 have increased feelings of anxiety and stress as 35% of consumers report being concerned about mental health (2). People are looking for new ways to improve their mental wellness during these stressful times, including granting themselves permission to consume indulgent, comforting food and beverages. However, they are tempering this desire with weight management needs and seek a careful overall balance of indulgence and good nutrition.
Food and beverages designed to elevate mood, sustain energy and reduce stress will grow in popularity in the months and years to come. ADM also projects new opportunities for comfort foods, snacks and baked goods offering nutrient-rich ingredients and functional health benefits.

5. Nutrition, It’s Personal
As COVID-19 increases consumer awareness of individual health risk factors, demand for products offering tailored, highly personalised health and wellness solutions will take off. ADM research showed that 49% of consumers feel every individual is unique and requires a customised approach to diet and exercise, and 31% of consumers are already purchasing more items tailored for health and nutrition. Products that focus on improving nutrition, self-care and general wellness will increasingly attract consumers’ attention (2).

6. A Shift in Shopping Values
An increased focus on health is triggering a windfall in consumer health and wellness spending. Around 48% of consumers plan to purchase more items related to health and wellness (2). Concurrently, manifesting concerns around widespread economic decline have prompted a shift to value-based shopping, including growing demand for basic pantry staples, stimulating trade-downs to private labels and increasing traffic to value retailers. These behavioral shifts are likely to persist well after the pandemic crisis peaks. ADM has responded by developing tailored solutions aimed at giving brands an edge in an ever-changing marketplace.

(1) FMCG GURUS: Twelve Step Guide for Addressing COVID-19 in 2020 and Beyond, April 2020
(2) ADM OutsideVoice?
 
X

Login

Enquiry

* denotes compulsory

Complimentary Copy

This is a onetime free circulation. For future issues, you will need to subscribe to ensure you receive timely regular copies in both printed and softcopy formats.

* denotes compulsory










Subscribe to Asia food & beverages report and get 1 year (6x) issues in printed (by mail) & softcopy (by email) as well as 1 year access to our online databank with a single user id and password. To subscribe, click to subscription now.

Subscription

* denotes compulsory

I wish to subscribe to 6 issues (1 year) of Asia food & beverages report as well as gain 1-year access to its online databank which contains past years' reports, articles and extracts at only US$300.

I wish to pay by:

Payment Type *

Print

If you would like to pay by cheque, please send the order form with cheque attached made payable to 'Consumer Goods Intelligence Pte Ltd.
Consumer Goods Intelligence Pte Ltd
10 Anson Road, #10-06 International Plaza
Singapore 079903
Tel: +65 6348 8973
Fax: +65 62275402
Email: info@asiafoodbeverages.com

Subscriber to Asia food & beverages report also gains benefits in terms of further discounts by up to 20% for advertising, advertorial and research services.