STOCK TITAN

ADM Unveils the Next Big Consumer Trends

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

ADM, a leader in nutrition, has released its second annual list of global consumer trends based on insights from its Outside Voice platform. Key trends include a focus on holistic nourishment, plant-based diets, gut health awareness, clean sourcing demands, and the humanization of pets. The report highlights consumers' desires for transparency, sustainability, and responsible animal feeding. These insights aim to guide product innovation for brands seeking relevance in an evolving marketplace, reflecting a significant shift in consumer values and behaviors.

Positive
  • Release of annual consumer trends report indicating areas for innovation in the nutrition sector.
  • Strong consumer interest in plant-based alternatives, likely to capture 11% of the protein market by 2035.
  • 58% of consumers are aware of gut health benefits, creating opportunity for targeted nutrition products.
  • Increased demand for clean label products supporting healthy and sustainable lifestyles.
  • Growing trend of pet humanization, leading to a 41% rise in natural pet foods.
Negative
  • None.

World leader in human and animal nutrition releases second annual list of global consumer trends

CHICAGO--(BUSINESS WIRE)-- ADM, a global leader in nutrition that powers many of the world’s top food, beverage, and health and wellness brands, today released its second annual list of global consumer trends.

Based on in-depth research from ADM’s proprietary Outside VoiceSM consumer insights platform, ADM provides a breakdown of each growth space poised for takeoff in the new year. These insights are used by the world’s leading consumer brands to fuel product innovation.

Brad Schwan, vice president of category marketing for ADM, explains, “Consumers today continue to navigate a tumultuous environment that has uprooted every aspect of their lives. This has led forward-thinking brands to develop new solutions purpose-built to help consumers establish a sense of normality for themselves, their families and their pets. We’re seeing everything from foods, feeds and beverages that promote gut health to plant-based meat and dairy alternatives to biodegradable packaging.”

Below are the eight key consumer trends fueling current and future global growth that point the way for ADM’s innovation, renovation, and development platforms.

1. Nourishment for the Whole Self
Consumers want to be more proactive about supporting their mind and body through a balanced approach to diet and lifestyle. While this is a long-term trend, the recent global pandemic has placed renewed interest on mental well-being, with many looking for more effective ways to cope with stress and anxiety. Wholesome nutrition is one important way consumers are looking to support their holistic well-being. In fact, ADM Outside VoiceSM finds that 37% of global consumers expect the snacks they eat to improve their mental well-being.

2. Plant-based Lifestyles
A flexitarian approach to eating has become mainstream as consumers look to functional, wholesome, plant-based nutrition to support healthy, environmentally friendlier lifestyles. In fact, it is expected that alternative proteins will very likely account for 11% of the total protein market in 20352. This is being fueled, in part, by COVID-19, which has accelerated interest in plant-based, as a health-forward alternative for consumers who are paying close attention to their body’s nutritional needs. Food and beverage brands, in response, are broadening the landscape of nutrient-dense plant-based options for consumers, aiming to meet their growing demand for products that are sustainable, health and wellness oriented and safe.

3. Microbiome as The Root Of Wellness
Awareness of the microbiome as central to wellness has grown over time. Data from ADM Outside VoiceSM indicates that 58% of global consumers are aware of the potential benefits that bacteria in the digestive system can have on their overall health. Today’s consumers are looking for foods, beverages and supplements that support gut health and overall well-being. Linked by consumers to immune function, aspects of metabolic health and even mood, mental acuity and feeling energized, consumers’ approach to supporting a healthy gut is evolving from reactive (seeking foods to alleviate discomfort) to proactive (tailored and customized pre-, pro- and postbiotic solutions), as they strive to achieve greater empowerment over their personal health and well-being.

4. Clean & Transparent Sourcing
Consumer demand for ‘clean label’ products, which they consider to consist of real, kitchen-level ingredients, has become table stakes. Today’s shopper is consistently searching for foods and beverages containing real, simple ingredients that can help promote a healthy, sustainable lifestyle. This has led to a desire for transparency across the entire product lifecycle, from how it’s made to how it’s packaged, and beyond. This is especially true during COVID-19, with consumers placing an increased emphasis on learning where their food comes from and trying to ensure the health and safety of themselves, their families, their pets and their communities. As consumers become more sophisticated in their understanding of the products they consume, 58% of global consumers say they will be more attentive to locality claims as a result of COVID-195.

5. Humanization Of Pets
Pets are more commonly seen as part of the family – a trend that has been present over time but accelerated in strength during the pandemic. This extends to what their pets eat, with many pet parents transposing their purchasing values and preferences onto their furry companions. There’s been a 41% increase in “all natural” pet foods launched globally3. Likewise, ADM Outside VoiceSM also found that 30% of global pet owners spent a significant amount of time researching the best food options in the last year1. As consumers are challenged with changing lifestyles and a return to work, they will continue to monitor their pets’ overall well-being to ensure they’re providing foods and supplements aimed at helping them care for their minds and bodies.

6. Precise & Responsible Animal Feeding
The interconnectedness of the animal product supply chain is top of mind for today’s consumer. There is an increased demand for optimized feed solutions that support human and animal nutrition in an efficient, environmentally friendly manner for a range of animal species. This is driving brands to begin providing digital documentation explaining how the animal was raised, particularly related to its consumption of antibiotics and/or growth hormones. Nearly half (49%) of consumers are willing to pay a premium for products with high quality assurances and verifiable safety standards4.

7. Sustainable Goodness
Consumers see sustainability as a moral imperative as they connect it to what is right and ethical, their community and the environment. In fact, 47% of global consumers say they are now more attentive to sustainability claims5. This has sparked demand for ethical production and sustainable sourcing practices – such as regenerative agriculture and carbon negative production to protect the food supply of the future. Brands are responding by taking positions on environmental matters, aiming to reflect their commitments to increasing the sustainability of their production and distribution systems.

8. Advanced Renewables & BioSolutions
Today’s consumers are more conscious of the environmental impact of their consumption and the food system at large, with a specific focus on the use of finite materials and physical waste. With 38% of global consumers being willing to pay more for products made with sustainable materials5, conscientious consumers are paying close attention to seeking out food, personal care and home care products that support the needs of their families, the environment and their local communities. And, consumers increasingly believe that companies should take greater responsibility for reducing waste and energy use from development to disposal.

Each of these growth trend spaces represents an opportunity for forward-thinking brands eager to maintain relevance with today’s consumer. ADM, a global powerhouse in human and animal nutrition, is positioned to provide these brands with the insights and novel solutions needed to meet consumer needs as they evolve in today’s ever-changing marketplace.

To learn more about ADM, please visit www.adm.com.

About ADM

At ADM, we unlock the power of nature to provide access to nutrition worldwide. With industry-advancing innovations, a complete portfolio of ingredients and solutions to meet any taste, and a commitment to sustainability, we give customers an edge in solving the nutritional challenges of today and tomorrow. We’re a global leader in human and animal nutrition and the world’s premier agricultural origination and processing company. Our breadth, depth, insights, facilities and logistical expertise give us unparalleled capabilities to meet needs for food, beverages, health and wellness, and more. From the seed of the idea to the outcome of the solution, we enrich the quality of life the world over. Learn more at www.adm.com.

Source: Corporate Release

Sources:
1 ADM Outside VoiceSM
2 Boston Consulting Group and Blue Horizon Corporation, Food for Thought, The Protein Transformation Report, 2021
3 Mintel, The Future of Pet Food 2021 report
4 Nielsen, Quality and efficacy may beat out price sensitivities amid coronavirus concerns, 2020
5 FMCG Gurus: How Has COVID-19 Changed Consumer Behavior, Q21

ADM Media Relations

Jackie Anderson

media@adm.com

312-634-8484

Source: ADM

FAQ

What are the key consumer trends highlighted by ADM in 2023?

ADM's 2023 trends include nourishment for whole self, plant-based lifestyles, microbiome awareness, clean sourcing, humanization of pets, responsible animal feeding, sustainability, and advanced renewables.

How does ADM plan to address consumer demand for plant-based products?

ADM aims to innovate in plant-based nutrition, aligning with consumer preferences for sustainable, health-oriented food options.

What percentage of consumers are aware of the benefits of gut health according to ADM?

According to ADM, 58% of global consumers are aware of the benefits of maintaining gut health.

How significant is the trend of pet humanization in ADM's report?

The trend of pet humanization has led to a 41% increase in global launches of 'all natural' pet foods.

What does ADM's report indicate about consumer preferences for transparency in sourcing?

ADM's report shows that consumer demand for clean label products has become essential, with an emphasis on transparency in sourcing and production.

Archer Daniels Midland Company

NYSE:ADM

ADM Rankings

ADM Latest News

ADM Stock Data

25.49B
474.90M
0.59%
80.5%
1.52%
Farm Products
Fats & Oils
Link
United States of America
CHICAGO