New Peanut Product Developments April 2014 © 2014 Mintel Group Ltd. All Rights Reserved. Confidential to Mintel Everyday at Mintel… 2 mintel.com Content • Snacking is a way of life for today’s consumers • Snacks and peanuts developments in Europe • Flavours and formats are driving innovation • A successful story in the peanut butter segment • Conclusions 3 mintel.com Snacking is a way of life, especially for younger & working consumers Eating occasions blur Healthy influences On-themove eating 4 The boundaries between meals and snacks are blurring. Traditionally, ‘snacking’ has been indulgence-led but in our time-pressed society it now has healthy connotations. 41% of 15-24 year olds in the UK often eat snacks while on-the-move rather than eating a proper meal. mintel.com European consumers are conflicted about the health benefits of nuts Attitudes towards nuts (2014) 90 80 70 60 50 40 France 30 Germany 20 Italy 10 Spain 0 I limit the I would be more I would buy amount of likely to buy more nuts if the roasted nuts I healthier nut salt content was eat because options lower they are unhealthy Roasted nuts are a good source of protein and vitamins Roasted nuts are healthier than crisps/other salty snacks Nuts can present a snacking challenge for consumers because they have both BFY and “not so BFY” attributes, requiring a certain level of awareness and attention to “mindful” eating. 5 Source: Mintel Consumer Data Charts mintel.com Health positioning in snack nuts Lorenz Duyvis Macadamia onion & garlic Nuts, peanuts, Austria Netherlands Asda Chosen by You Salt & Vinegar Peanuts, UK Naturally contain vitamins E, B1, B3, phosphorous, magnesium & good unsaturated fats The front pack states “high in fibre” The “Naturally rich in” message tends to be subtly communicated in nuts; the main emphasis is still on flavour. 6 mintel.com Snack nuts have been growing in popularity as consumers ramp up their protein dependence Salty snacks new launches, Europe, most active sub-categories, % 7 Source: Mintel GNPD 2014 data: January to 7th April 2014 mintel.com Snack nuts have been growing in popularity as consumers ramp up their protein dependence Salty snacks new launches, Europe, most active sub-categories, % 8 Source: Mintel GNPD 2014 data: January to 7th April 2014 mintel.com The peanut industry can benefit from the interest in high protein The industry is responding Attitudes towards protein and food high in protein, UK, November 2012 Hillary Peanut+ Honey Spread contains 25% protein from peanut, grains and milk, New Zealand 9 Source: Mintel Oxygen mintel.com But for consumers flavour is more important than health Attitudes towards salty snacks “Flavour is more important to me than calorie content” 70 64 65 60 50 50 55 40 30 20 10 0 France % Germany % Italy % Spain % For manufacturers, the challenge going forward will be the continuing battle between health and enjoyment. 10 Source: Mintel Consumer Data Charts 2013 mintel.com Flavour is key to best-selling new products Bénenuts Twinuts flavoured biscuit coated nuts, France Walkers TigerNuts double coated, tiger patterned shell, UK Five variants (cheese, tomato, barbecue, bacon, Mexican) have first year sales of €8.7m Four variants (sweet chilli, smoky bacon, salt & vinegar, masala curry) have first year sales of £3.5m For best-selling new nut products the emphasis is on texture and strong flavour 11 mintel.com Search for the intense has driven spicy flavours Peanuts new launches, worldwide, by flavour, % 12 Source: Mintel GNPD mintel.com Manufacturers merge authenticity and novelty hot flavours Highlighting specific chili types in salty snack flavours speaks to consumers’ demand for authenticity, and could support higher retail price points for premium lines. Seeberger Thai Style Peanut & Cashew Nut Mix, Austria 13 Pepsico Walkers Sensations Chinese Szechuan Pepper Coated Peanut, UK mintel.com What is next for flavours? Flavours inspired by complete meals Pepsico Walkers TigerNuts Masala Curry, UK and Ireland 14 Lemon/ Lime notes Lemon with chilli blends have started appeared in Europe Combining snacks with popular sauces Chio Crispers Coated Nuts with Tzatziki Flavour, Hungary mintel.com Manufacturers blur salty snack formats The brand claims that there is “something crunchy, salty, nutty or spicy in every handful”. “Contains jumbo peanuts, hula hoops, tortillas, corn strips and multigrain crisps” UK Mars introduced a new line of snack mixes incorporating M&Ms with nuts, dried fruits, cookies and pretzels USA 15 mintel.com The use of limited editions is a way to ‘test’ concepts with experimental consumers Consumers are no longer satisfied with simply buying products, increasingly they want brands to provide experiences. AWS: €20,587 Ültje Almond-Peanut Mix with Chocolate & Chili is available for a short time only, Austria 16 Duyvis Tijgernootjes Paprika Fiesta Double Coated Peanuts with double Mexican flavours, NL mintel.com Heat & Eat: warm nuts come to the table Duyvis Heat & Eat are roasted peanuts that can be warmed up in a microwave for warm and crispy nuts, Netherlands. According to the manufacturer, the aroma and flavour of fresh nuts are released through the special cooking. We are expecting to see more warm snacks as an accompaniment to a meal or between meals, as long as they deliver on indulgence, flavour and convenience. 17 mintel.com Portability is growing in importance as consumers snacks more out of home or on the move 18 Source: Mintel, Jan 2013 Base: adults aged 16+ in each country who eat salty snacks mintel.com Breakfast mixes highlight portability and satiety Emerald Breakfast on the Go!’s popularity has been attributed to its portioncontrolled, individually wrapped packages, which have been made trimmer and longer to aid portability, USA 19 mintel.com Manufacturers target the breakfast moment The success of Diamond Foods’ breakfast trail mixes in the US has encouraged other brands to target consumption during breakfast. “maintaining energy levels” Morning Munch range of nuts, fruits and snack mixes, UK 20 “said to give an omega-3 boost” Risenta mix includes chopped cashew, pecan and walnuts, Finland mintel.com Portable snacking formats aim at inspiring new usage occasions Nuts clusters The Peanut Crunch contains a mixture of peanuts, cashew nuts, Finland 21 “Shots” formats give a more dynamic image and a more affordable appeal Nut Shot Gourmet Virginia Crunchy Jumbo Peanuts, 60g pack, USA Crown Jolly Pong Snack in a 40g shot pack, convenient to pour in mouth, South Korea mintel.com A successful story in the peanut butter segment 22 mintel.com Smucker’s strategy to leverage the Jif brand into specialty nut butters pays off 23 Jif Chocolate Flavored Hazelnut Spread - AWS: $110,117 Jif Mocha Cappuccino Flavoured Hazelnut Spread - AWS: $43,678 Jif Whips Whipped Peanut Butter & Chocolate Spread - AWS: $47,210 Jif Whips Creamy Whipped Peanut Butter – AWS: $67,761 mintel.com Areas of opportunities: 24 Healthier but still delivering on taste Indulgence & enjoyment are key market drivers but the movement towards healthier snacks continues. For nuts and peanuts protein & fibre content are the areas to watch. Morning Occasion Breakfast trail mix brands should exploit the filling benefits of nuts as consumers look for morning options that give them sustained energy and leave them fuller for longer. New packs Small ‘shot’ style packs with a high protein content message on the pack to target younger consumers’ onthe-go snacking habits. mintel.com Flor Mansilla Trends & Innovation Consultant Tel Email Twitter +44(0)207 606 4533 [email protected] @mintelnews © 2013 Mintel Group Ltd. All Rights Reserved. Confidential to Mintel mintel.com
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