addressing the needs of mainstream consumers through a ... · if the pack size met their needs. 43%...

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1 22nd November 2018 Addressing the needs of mainstream consumers through a more personalised approach to innovation Lewis Towell

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Page 1: Addressing the needs of mainstream consumers through a ... · if the pack size met their needs. 43% of consumers have a more favorable perception of products that have claims personalised

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22nd November 2018

Addressing the needs of mainstream consumers through a more personalised approach to innovation

Lewis Towell

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Personalised Nutrition

Source: GlobalData Consumer Survey

57% of consumers are often or always influenced to buy a product by how well it is tailored to their needs or personality.

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57% of consumers are often or always influenced to buy a product by how well it is tailored to their needs or personality.

Personalised Nutrition

Source: GlobalData Consumer Survey

58% of consumers felt a product was tailored to them if it was suitable for their dietary requirements, while 32% felt it was tailored if the pack size met their needs.

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Personalised Nutrition

Source: GlobalData Consumer Survey

57% of consumers are often or always influenced to buy a product by how well it is tailored to their needs or personality.

58% of consumers felt a product was tailored to them if it was suitable for my dietary requirements, while 32% felt it was tailored if the pack size met their needs.

43% of consumers have a more favorable perception of products that have claims personalised to them, while 47% have a more favorable perception of products they helped to create.

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58% of consumers felt a product was tailored to them if it was suitable for my dietary requirements, while 32% felt it was tailored if the pack size met their needs.

Personalised Nutrition

Source: GlobalData Consumer Survey

57% of consumers are often or always influenced to buy a product by how well it is tailored to their needs or personality.

43% of consumers have a more favorable perception of products that have claims personalized to them, while 47% have a more favorable perception of products they helped to create.

54% of consumers somewhat or completely agree that food or drinks can provide the same or better health benefits as vitamin and mineral supplements.

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Personalised Nutrition

Consumer trends driving personalised nutrition

Aging Populations

Health & Wellness

Smart & Connected

Individualism & Expression

Easy & Affordable

The internet can give consumers information overload, with many struggling to find the time to condense the wealth of information now at their fingertips.

Worldwide obesity has nearly tripled since 1975. 39% of adults age 18 or over were overweight in 2016.

Between 2015 and 2050, the proportion of the world’s population over 60 years will nearly double from 12% to 22%.

Consumers are more aware and concerned about issues related to the environment and sustainability and look for products and brands which cater to those concerns.

Unhealthy and unbalanced nutrition has become all too easy to get hold of and consumers, feeling more time scarce than ever, need an effective alternative that can fit into their schedules.

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What is Personalised Nutrition?

Personalised Nutrition

Diet Fortification Personalisation/ Customization

Nutritional Advice

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Personalised Nutrition

Obstacles to success in personalised nutrition

Personal Connection

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Personalised Nutrition

Obstacles to success in personalised nutrition

Personal Connection

Data analysis and security

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Achieving scale

Personalised Nutrition

Obstacles to success in personalised nutrition

Personal Connection

Data analysis and security

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Personalised Nutrition and Technology

Social Media Artificial Intelligence

Wearables/Testing Blockchain

Creating personal connections with technology

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3D Printing Microwave Assisted Thermal Sterilization

Smart Shopping Flexible Menu Software

Personalised Nutrition and Technology

Delivering bespoke experiences with flexible innovations

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MultiplyLabs

100Nuts

VITL

DNAFit

Personalised Nutrition and Technology

Delivering bespoke experiences with flexible innovations

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Personalised Nutrition

Nestle Wellness Ambassador in Japan

Blood and DNA Testing Social Media

Artificial Intelligence Vitamin Supplementation

Progress?

With the platform initially launched in March 2017, the program has around 100,000 customers. Based in Japan, where the median age is roughly 46 years old, the company has been smart to target a market with a longstanding focus on longevity and minimizing the impact of an aging population.

47.3

48.2

49.0

49.9

50.8

2017 2018 2019 2020 2021 2022 2023 2024 2025

Japan's Median Age

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Personalised Nutrition

Habit personalises consumer food habits

DNA Testing Habit App

Metabolic Testing Lifestyle

Progress?

Habit has stopped progress on its deliverable meals, instead focusing on ensuring financial stability in its core services.

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Personalised Plates

Vita Mojo and Eatsa aim to personalise plates

Ultrapersonalisation Transparency

Sustainability Delivery

85%

57%

23% 11% 9% 4%

What is your preferred consumption format for health-

enhancing ingredient

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Meal Boxes

Freshly, Blue Apron, Gusto cater to home cooking

Healthy Eating Food Waste Reduction

Home Cooking Delivery

Problems?

Meal boxes are often criticized for their packaging, which with todays consumers being increasingly concerned about environmental and sustainability issues constitutes a problem.

74%

13%

9% 4%

What is your preferred approach at meal times?

Cooking at Home Eating a Ready Meal

Eating Out Ordering a Takeaway

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Key Take Outs

Trends towards wellness, convenience, individualism and the proliferation of nutritional guidance on the internet are key drivers of the personalised nutrition market.

Personalised nutrition can be a useful tool in offsetting future healthcare costs and that resonates with consumers in both the developed and developing world.

A variety of approaches continue to develop, including supplement subscriptions, smart shopping apps, nutritional lifestyle apps, and personalised plates away from home.

Obstacles in the global supply chain and in consumer attitudes remain. Established companies looking to enter the market must remain cautious of pushing too hard too fast.

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GlobalData’s Consumer practice is a world-leading provider of commercial intelligence for consumer businesses

INDUSTRY INSIGHT

We work with global brands to deliver unique data and insight to enable informed business decisions

CONSUMER INSIGHT

Offering a true 360° perspective on the dynamics affecting the consumer landscape

OUR CLIENTS INCLUDE

+15 +1,000 Portfolio of the world’s leading companies

50 Consumer Markets and Segments

Years Experience

GlobalData Consumer practice

INNOVATION INSIGHT

Our proprietary Product Launch Analytics program tracks and analyses new product innovations in markets around the world

2.1 million

New Product Innovations Tracked

OUR CAPABILITIES

• Teams of highly skilled and specialised experts and analysts dedicated to each consumer sector

• Possessing sector specific experience and understanding of the dynamics and intricacies of market development

400 Multilingual

Analyst and Researchers

GLOBAL REACH

Access to an unparalleled range of research assets that generate truly bespoke and insightful solutions

Consumer Markets 80

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INNOVATION & INSIGHT

OPPORTUNITY ASSESSMENT

MARKET & PRODUCT STRATEGY

MARKETING COMMUNICATIONS

FINANCIAL ANALYSIS

COMPETITIVE & COMPANY

ANALYSIS

REGULATORY, TRADE

& INDUSTRY

FORECASTING

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Hyderabad Sydney

Singapore LONDON

HONG KONG

BUENOS AIRES

Shanghai

Manchester

TOKYO

SEOUL

New York

San Francisco

Mexico City

About our Consumer consulting services

Our CONSULTING solutions provide you with contextualized, real time market insights thanks to our vast resources and global reach

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Contact us

[email protected]

Lewis Towell, Analyst, Consumer Goods and Foodservice