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Consumers Want New Food Products

By numantra on July 27, 2009 8:18 AM

RESEARCH BRIEF

FROM THE CENTER FOR MEDIA RESEARCH

 

Monday, July 27, 2009

 

A recent study conducted by Ipsos Marketing, Consumer Goods, shows that when compared to other sectors, consumer packaged goods (notably, food and beverages, personal products and household products) rate among the lowest in terms of consumer perceptions of innovativeness. And within consumer packaged goods, household and personal products are viewed to be more innovative than food and beverages.

Extremely or Very Innovative CPG Category (% of Global Consumers)

Category

% Saying Innovative

Computer equipment

60%

Electronic media

58

Cameras & video equipment

54

Household products

34

Pharmaceuticals

32

Personal products

28

Food & Beverage

26

Financial institutions

18

Source: Ipsos Marketing, July 2009

However, When specifically asked how willing they would be to try new food, household and personal products, consumers were overwhelmingly interested, as evidenced by top two box scores ranging from 81% to 89%.

Consumers Interested in Trying New (% Global Consumers)

Product Category

% Very or Somewhat Interested

Foods

89%

Household products

86

Personal products

81

Source: Ipsos Marketing, July 2009

Lauren Demar, CEO of Ipsos Marketing, Global Consumer Goods Sector, says "... (though) consumer packaged goods are viewed to be innovative by less than one-third of global consumers... (with) food and beverages viewed as less innovative than household and personal products... consumers crave new food products the most... " Demar concludes, "A critical step... in product development... is communicating to consumers (availability)...  and what differentiates them... "

Findings from a study by Ipsos Marketing, in Australia, Belgium, Brazil, Canada, China, France, Germany, Great Britain, India, Italy, Japan, Mexico, Poland, Russia, South Korea, Spain, Turkey and the U.S.

For more information, please visit Ipsos Marketing, Consumer Goods, here.

For more information visit www.mediapost.com

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