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7 Wagashi Japan (non-bake or light baked sweets) CROISSSANT DOUGH FILLED WITH OUR SPECIAL MATCHA AND DATES Constantly adapt New concepts with local ingredients Whole meal bread and rye Brie and apple Fougasse Bogota, Columbia Bao, Egg Tart, Moon cake and flavored angel cake China
8 Gluten free Madrid, Spain Wegman s supermarket bakery - United States Historic - Prague Warm American pastries made in Italy BreadTalk, a Singapore chain opened in China Fusion Kimuraya Bakery - Japan Pasteleria Ideal - Mexico City's Centro Historico Super bakery - Brazil Hyderabad Favorite Karachi Bakery - India Bakers Delight - Australia Image Source:
9 Around 80 million Millennials in America alone. They represent about a fourth of the entire population, with $200 billion in annual buying power. Image Source:
10 Millennials, Gen Z, born between , are defined as those ages in Millennials Mobility, like private specialty brands, no bulk club goods, eating and exercise right, trust buyer reviews, and affinity for technology. 81.1M by 2036 Multicultural Consumers Cultural-driven, part of new mainstream, mobile savvy, interested in a wide range of products and services 92% of the total growth in U.S. population from 2000~2014 came from multicultural consumers. Source:
11 Multicultural consumer Super Consumers* o 10% of households who drive at least 30% of sales, 40% of growth and 50% of profits of any consumer product category By 2044, 21 of the top 25 most-populated counties in the United States are already more than 50% multicultural Female controls the household purchasing 68% of consumers consider health-related attributes Source: Source: Nielsen report - IT S A GREEK YOGURT WORLD, November 5,
12 Around 80 million Millennials in America alone. They represent about a fourth of the entire population, with $200 billion in annual buying power. Image Source:
13 Local Ethnic Fresh Less processed Organic Healthy Specialty Sharing economy Compare Exercising Eating right They want local, ethnic, fresh, less processed, organic and specialty foods. They look for newest and coolest products. They are environmentally conscious. They love brands giving back to the communities and they connect to brands via social networks with multiple technical devices. Source:
14 They want local, ethnic, fresh, less processed, organic and specialty foods. They look for newest and coolest products. They are environmentally conscious. Source:
15 [groh-ser-uh- nt] Restaurant-grocery store hybrid : Grocerant Ready-2-eat & Heat-n-eat fresh prepared food available Image Source:
16 Restaurant-quality and fresh food, chef-driven menus, and in-store experiences have given rise to the grocerant and inspiration to millennials to visit and spend. 30% Growth 10 Billion Since 2008 Source:
17 Snacking hit 200 Billion By 2020 Fruit, chocolate candy/candy bars, and potato chips rank as the top three snack picks. Millennials will be on the move by 2020 both with their home location and their busy schedules. US consumer spending will reach $5.7 billion by 2020 for retail and on premise eating and drinking locations. Source:
18 Read-to-go packaging ideas preparing your brands for the largest population in North America.
19 Paper High quality bakery bags that increase shelf life while standing out on the shelves. Wood Unique wood packaging that offers a high end, green look to the bakery industry. Natural wood items that can be baked as well as frozen. Paper Environmental friendly upscale muffin packaging help sales and green.
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23 Nostalgia Wellness Healthy, Short cuts, Crudités, Organic Ready-to-go Portion sized and bag-ready snacks Specialty Original Quality Specialty, tasty, easy treats appealing to all ages Something New Source: The annual IDDBA report (What s in Store 2015)
24 Roots in the past but eyes in the future Image Source:
25 Listen and observe Change within to meet the change outside Bring the right people in the organization together to develop new ideas
26 PLANNING SOURCING DEVELOPMENT/DESIGN TEST/PRODUCTION DELIVERY
27 Well
28 THANKS FOR PARTICIPATING Let s discuss how to reinvigorate your baking products jeff@pripackaging.com Jeff Lukas
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