CRUNCHY NUGGETS: Well…I’m heading off for a little vacation time – and – I follow it up with a week away on business. Whoa nelly, I’m tired already! In the interest of keeping you nugget-filled, I’ve pulled out a bunch-o-crunch from the newly-released “New Product Pacesetters” report. For those of you unfamiliar with this annual update, it comes from research firm Symphony IRI Group and their Times and Trends reports. This particular report looks back at the Food & Beverage and Non-Food new product launches that performed the strongest (i.e., sales) in the prior year. It then pulls from this information a snapshot of consumer behavior trends –basically thinking that what consumers are buying most is a reflection and what they want/need most. And these newly launched products are fulfilling these needs. OK, so that said…here’s what did well in 2010 and what this means.
Food & Beverage Launches
1.POWERADE ION4 – Shelf Stable Sports Drink
2.Chobani Greek Yogurt – Yogurt high in protein, low in fat
3.Wonderful Pistachios – Wholesome snack nuts
4.glacéau vitamin water zero – Bottled flavored water
5.Nature’s Pride – Bread and rolls “pure ingredients”
6.Trop50 – Lower calorie OJ
7.Thomas’ Better Start – English muffins
8.Green Mountain Coffee K-Cups – Single-serve coffee
9.Budweiser Select 55 – Reduced calorie beer
10.Trident Layers – Multi-flavor gum
Looking at this list you can glean that consumers want: healthy - lower calorie beverages, nutritious snacks and basics; convenience – shelf-stable and single-serve options; as well as flavor. On a side note: The fast-growing category of Greek Yogurts is part of a larger category of Breakfast Solutions (I guess you have to put it somewhere, right?!). And Breakfast Solutions, by far, was the most actively growing usage occasion category (versus snacks, meals, candies, etc.) than any other. This, too, speaks to convenience.
Non-Food
1.Crest 3D White – A single system to clean, whiten, and protect teeth
2.Prevacid24HR – Rx to OTC switcher for heartburn relief
3.Plan B One-Step – Emergency contraceptive
4.Next Choice – Also an emergency contraceptive
5.Huggies Pull-Ups Learning Designs – Diapers
6.Dove Men+Care – Personal care line for men
7.Olay Professional Pro-X – Pro-level skin care
8.Scope Outlast System – Another full system for cleaning and caring for teeth
9.Dove Body Wash with NutriumMoisture – Skin care with extra nutrients
10.LISTERINE/REACH TOTAL CARE – Again, another full system for teeth
This list, too, speaks-to convenience — but more of the “give me a professional-level/prescription level product that can easily use at home.” Single product-single benefit just doesn’t make it…new products need to multi-task and provide true value for the money for today’s consumers.
What’s also interesting to note is that 52% of consumers say that brand trust heavily influences their purchase decisions. So it’s no wonder that existing brand extensions accounted for 88% of new food and beverage and 92% of non-foods products introduced in 2010.
This report also shares a list of “Rising Star” products that also performed very strongly in their debut — but don’t “count” as they haven’t been out for a full year. IRI also sums up with trends based on all of this crunchy goodness. And in the interest of keeping things crunchy, I’ll share this with you upon my return. But if you seriously can’t wait, here is the link to the full report. It’s free to download and I highly recommend doing so: http://symphonyiri.com/Insights/tabid/88/Default.aspx By the way, having seen this list last year and this year, I must say that consumer behaviors don’t change too, too much. The shifts in needs and wants truly are very small year to year. Which only supports my own belief that trends are not fads, and are bigger pictures of consumer behavior that shifts only slightly as new news and products come about.
Well…Hope you have a good two weeks and please feel free to share anything you spot in your travels. I absolutely plan on nugget-finding and sharing throughout my days. So I’ll see you back here by April 18th (potentially sooner…girl may get a lil’ downtime and have a need to blog). Enjoy! TASTY TRENDS: New News; Consumers Wants & Needs






