Givaudan What's your Plant Attitude? - cloudfront.net

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Givaudan What's your Plant Attitude? - cloudfront.net
Givaudan
What’s your Plant Attitude?
November 2018
Givaudan What's your Plant Attitude? - cloudfront.net
Givaudan – What’s your Plant Attitude?
The next minutes

              •   About Givaudan
              •   The market for meat substitutes

              •   Plant Attitude – Givaudan’s consumer study
              •   Consumers - drivers and expectations
              •   Your opportunities

                                                               2
Givaudan What's your Plant Attitude? - cloudfront.net
We create the next flavour
for people to enjoy

Givaudan’s vision is to be our
customers’ essential partner.
Together, we create tastes and scents
that delight consumers, stir memories
and touch people’s emotions.
We surprise with our creativity
inspired by discovery, innovation and
insightful consumer understanding.

                            22 October 2018   3
Givaudan What's your Plant Attitude? - cloudfront.net
Consumers are at the heart of everything we do…

We want to delight and touch
their emotions
We want consumers to love   We understand the trends of       We translate our knowledge
and enjoy the flavour of    the future and translate these    of consumer preferences into
your products.              into new categories, markets,     creations that give you a
                            and offerings that appeal and     competitive edge.
                            inspire. Providing you with the
                            ideas that will support your
                            business growth.

                                                                           22 October 2018   4
Givaudan What's your Plant Attitude? - cloudfront.net
Consumers have plant protein based diets for a long time…
…However it has diversified over the past 5 years…

Back in the days              2018

                                                            5
Givaudan What's your Plant Attitude? - cloudfront.net
Is it a hype, is it a trend?
What is it?

         Confidential and proprietary business information of Givaudan   6
Givaudan What's your Plant Attitude? - cloudfront.net
Plant forward diet is on the rise
Globally, new product development in meat substitutes has ramped up to meet growing
consumer demand, increasing 10% in 2016 compared to 2015

                                                                            UK
                                                                            25% of meat consumers claim that
                                                                            concerns about the environment
                                                                            have caused them to cut back on
                                                                            the amount of red meat they eat

                                                                            Germany
                                                                            Accounted for the largest share
                                                                            (16%) of meat alternative product
                                                                            launches from 2014-16

                                                                            France
                                                                            23% of consumers are
                                                                            incorporating more vegetarian
                                      China                                 foods (e.g. soya burgers,
                                      The vegan/vegetarian population       vegetarian sausages etc.) into
                                      has reached more than 50 million,     their diets compared to a year ago
                                      which is equivalent to 4-5% of the
                                      population
 USA                                                                        Spain
 34% of meat consumers claim that     Australia                             46% of consumers are limiting
 heart health is the leading reason   In 2016, over 2 million Australians   processed meat consumption due
 for limiting meat consumption        (11% of the population) ate           to health concerns
                                      vegetarian or vegan food every
 Brazil                               day, and an even higher proportion
 20% of consumers now claim to        are seeking plant-based options on
 have ‘meat-free’ days                a regular basis
                                                                                                   Source: Mintel

                                                                                                                 7
Givaudan What's your Plant Attitude? - cloudfront.net
Forbes.com
The single biggest thing

                                         A breakthrough farm to fork study found that cutting out
                                         meat and dairy is the single biggest thing you can do to
                                         lessen your impact on Earth. Case in point, while meat and
                                         dairy provide 18 percent of all calories consumed globally,
                                         it accounts for 83 percent of the farmland and 60 percent of
                                         the greenhouse gas emissions.

                                         The study, published in the journal Science, was part of a
                                         collaboration between the University of Oxford and LCA
                                         Research Group in Switzerland. The research team compiled
                                         nearly 40,000 farms in their database, covering 119
                                         counties and representing 90 percent of the food eaten
                                         on Earth.

                   Confidential and proprietary business information of Givaudan                        8
Givaudan What's your Plant Attitude? - cloudfront.net
The plant based diet is not a
trend. It’s a disruptive shift
in consumption habits

                    Givaudan’s prediction for plant based diet

                                                             9
Givaudan What's your Plant Attitude? - cloudfront.net
Plant Attitude
                                                                       The market

                                                                       From now until 2020,
https://www.plantbasednews.org/post/5-surprising-studies-that-prove-

                                                                       the global market
                                                                       for plant protein based
                                                                       products will rise by
                                                                       8.4% to reach 5.2
                                                                                                 Positive market growth
                                                                       billion dollars.
veganism-is-growing-around-the-world

                                                                                                 Geography         2017 2018 2019 2020 2021 2022

                                                                                                 Eastern Europe       8.0   8.4   8.7   9.0   9.3   9.6

                                                                                                 Middle East and
                                                                                                                     15.7 16.2 16.6 17.1 17.6 18.0
                                                                                                 Africa

                                                                                                 Western Europe      95.5 102.0 108.4 113.9 119.0 124.3

                                                                                                 euromonitor: Meat Subsitutes in 000tonnes Volume
Plant Attitude

                 11
Plant Attitude
Would you sell the same product to these people?

                                                   12
Layered Wellness: Flexitarian
Flexitarian Beetroot Sausages made of 47% vegetables

                                                                                  Product:
                                                                                  Smokey Pork n' Bombay
                                                                                  Beet Bangers

                                                                                  Region:
                                                                                  EAME-UK

                                                                                  Application:
                                                                                  Sausages

                                                                                  Description:
                                                                                  It consist of British pork
                                                                                  and split pea sausages
                                                                                  with roast beetroot and
                                                                                  onions.
                                                                                  • gluten and lactose free
                                                                                  • high in protein
                                                                                  • low in sugar
                                                                                  • source of fibre
                                                                                  • reduced fat content

                  Confidential and proprietary business information of Givaudan                           13
Layered Wellness: Meat analogue
Replicating taste and texture of bacon

                                                                                   Product:
                                                                                   Vegan Bacon

                                                                                   Region:
                                                                                   EAME- UK

                                                                                   Application:
                                                                                   Meat Analogue

                                                                                   Description:
                                                                                   A vegan alternative to
                                                                                   traditional bacon.
                                                                                   Mentioned to be "highly
                                                                                   addictive," this new
                                                                                   plant-based release is
                                                                                   described as "cruelty
                                                                                   free, high protein, high
                                                                                   in vitamin B12 and just
                                                                                   delicious" bacon that
                                                                                   "may turn you into a
                                                                                   vegan if you're not one
                                                                                   already." Promoted to
                                                                                   "definitely destroy your
                                                                                   cravings and make your
                                                                                   body and soul feel
                                                                                   good!."

                   Confidential and proprietary business information of Givaudan                              14
80 % of consumers do NOT have a strict diet

I identify with the following group...                  Restricted diets

                                                        3% vegan
                                                        7% vegetarian

     47%                                                10% flexitarian

     Non-identifiers
     Less in
                                 >90%
                             Consume both meat & meat
                                   alternatives
                                                          33%
                                                          Reducetarian
                                                          More in

                                                                           15
1

                                                                                                             2
                                                                                                                                                                           Plant Attitude

                                                                        52%
                                                                                                      Taste / flavour

                             keeps consumers in-category…
                             Taste is the primary benefit that
                                                                                                                                 Main factors when entering the category

                                                                                          3
                                                                                                                                                                           Main findings on consumer journey

                                      Product Satisfaction
                                                                 Mid

                          Low
                                                                              High
                                                                                                                        Health

                       3%
                                                                 50%
                                                                            47%
                                                                                                                        Ethics

               D3a. What motivates you to choose meat alternatives over real meat products?
                                                                                                                        Mood

               D6a. What motivates you to choose dairy alternatives over real dairy products?
16

                            Base: All respondents Dairy (n=1152), Meat (n=1158)
        C3. You mentioned the below products were the ones you consume most in the [DCATEGORY]
     alternative category. For each of these products, how satisfied are you with what is available in the
         market currently? Please answer on a scale of 1 to 7 where 1 is ‘not satisfied at all’ and 7 is
                                             ‘completely satisfied’
With taste and texture the biggest barriers to continued
purchase of specific products, or the category as a whole

I don’t currently buy meat alternatives                                                                      “I never buy the
because…                                                                                                      fake ham, they
(amongst those who don’t currently consume)                                                                    taste nothing
                                                                                                                like the real
                                                                                                                   thing!”
                                                                                                                      EW, France

  22%
 Doesn’t taste
                                        17%
                                   I don’t like the
                                                                                                                                     “I don’t buy
                                                                                                                                   veggie mince –
 like real meat                    texture                                                                                           I had it one
                                                                                                                                    once and the
                                                                                            “I haven’t                             texture was all
                                                                                         bought a meat                                  soggy”
                                                                                          free sausage                                         HH, UK
                                                                                           since I first
                                                                                         tried one year
                                                                                          ago – it was
                                                                                             awful!”
                                                                                              FC, Germany

                   C7. You mentioned you don’t currently consume the below products. Which, if any, of the following reasons best describes why you don’t consume these products?

                                                                                                               Data available at product level in data tables

                                                                                                                                                                               17
Plant Attitude
The Vegan Trek - European foodservice experience

      So much more than soy!                      It’s all about the texture
      Huge variety of bases and combinations      No matter if paté, meat substitutes,
      of those in non-meat (quinoa, peas,         yoghurt alternatives or cake desserts –
      champignons,...) and non-dairy products     get the texture right
      (rice, almond, quinoa,...)

      Bitter sweet symphonie                      Creativity starts beyond
      Masking of bitterness deriving from the
      base is THE crucial factor everywhere       meat
                                                  With the absence of meat (or fish) the
                                                  actual star of the plate is missing. This
                                                  gives room for tremendous creativity
      Spice it up                                 beyond a simple 1:1 replacement
      Intensive and very creative use of spices
      and herbs is key strongly driven by
      Asian influences

                                                  Holistic experience
      Be aware of the                             Turning away from animal based products is
                                                  a holistic lifestyle experience. With all
      consumer journey                            obstacles for in-home-cooking, simplicity
      Burgers and Carrot Cake are the entry       and convenience is found in foodservice and
      dishes for trialists, reducitarians and     offers broad opportunities for FMCG
      «eat meaters» while «experienced»
      consumers will turn to more
      sophisticated concepts

                                                                                              18
Plant Attitude
Consumer cluster innovation example

Dieter is an architect, currently living in Paris. He
discovered the world of alternatives through a vegetarian
friend one day, as he got curious. He hasn't looked back
since: he loves that he can cook with a wider variety of
products now, and that he gets to discover new
flavours every time.

It's also made his lunch break easier; now, Dieter gets to
choose from the different vegetable galettes available at the
Monoprix near his office, and on top of that, he's eating less
meat!

He saw a documentary recently saying that eating too much
meat was bad for the environment, and that it wasn't great
for his health on the long term either. But really, what he's
hooked on is all the new recipes he gets to try! And he can
easily find inspiration on Instagram and Facebook, plus it
seems like all of his friends are trying it now.                 «I would love to have more

He's excited to see what's coming next in the world of
                                                                 typical local dishes» - e.g.
alternatives, he's expecting the market to grow fast!            Vegan Gulasch

                                                                                                19
Plant protein is here to stay but will
consumers enjoy it?

It’s all about taste!

                                         20
Plant protein
arises important taste challenges

Masking off-notes                                                                             Processing notes
                                                                                              Add a recognisable cooking
Cover or simply pairing                                                                       cue to the product such
with the off tastes or                                                                        smoked, grilled, fermented
undesirable notes coming                                                                      or roasted.
with the protein source

Succulence of meat                                                                            Texture perception

Recreate the juiciness,                                                                       Impact the perception of
typical acidity, salivating                                                                   textures like fatty,
or purely the succulence                                                                      crunchy or crispy of the
of meat                                                                                       final product.

                              Confidential and proprietary business information of Givaudan                              21
So, what’s your
Plant Attitude?
Thank you!

CONTACT

Thomas Ullram
Category Manager Savoury & Plant Attitude EAME

E-Mail: thomas.ullram@givaudan.com
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