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TRANSPARENTLY DELICIOUS Proprietary & Confidential Information of Flavor Producers, LLC © 2021 Flavor Producers, LLC. All rights reserved.
The Flavor Producers Difference TRANSPARENTLY DELICIOUS Proprietary & Confidential Information of Flavor Producers, LLC © 2021 Flavor Producers, LLC. All rights reserved.
A Growing Palate Basic taste has grown up. Flavor profiles that were once avoided or thought too niche for Macrotrend Platform large brands have surprised the market and Next Instore reflects the macrotrends that inspire new product found commercial success. Taste profiles like development and innovations in food and beverage products. bitter, sour and umami, that were once an Flavor Producers are natures experts in natural, organic and afterthought, are now active discussions in new transparent flavor options for elevating the taste to meet the product development. evolving consumer needs. Toying With Emotions A Better Us The integration of online culture and social We all strive for self improvement, so let’s media has changed the way consumers are start with what sustains us. From organic interacting with food. Food and drinks that offerings to clean and clear labels, appeal beyond taste and onto an emotional, sustainable packaging and beyond, the food visual or creative level are flooding social media industry is adapting to consumer demand for and in return expanding into foodservice and more personalized and sustainable options. then landing in retail spaces. Borderless Taste A Little Off-Base Taste has gotten bigger as the world has As functionality continues to change the food gotten smaller. Thanks to improvements and beverage landscape, it has carved an in global communication along expanding path of consumer flavor interaction with consumers access to exotic ingredients, and acceptance. The rise of “alternative” cooking techniques and recipes the flavors of products has evolved flavor masking into flavor the world are more available than ever. mimicking finding flavor optimization to fill in the gaps of new products. TRANSPARENTLY DELICIOUS Proprietary & Confidential Information of Flavor Producers, LLC © 2021 Flavor Producers, LLC. All rights reserved.
2022 Forecast Searching for the new normal as a second year of COVID-19 passes with new challenges such as variants, supply chain issues and social dissidence have consumers more focused into what is affecting their personal mental and physical wellbeing. The chant for greater transparency around all facets of life including; politics, financial markets, relationships, social media and food seems to be getting louder and louder by the hour. A Better Us Indulgences that were once comforting are now being • Increased Transparency revaluated, as consumers are establishing healthier • Healthy Relationships with Food boundaries in vices while still finding a flavorful escape. • Mindful Alcohol & Alternatives • Personalized Wellness Hampered by supply chain issues, restaurateurs are • Fresh, Organic & Limited Menus rethinking menus, to eliminate potential bottlenecks while streamlining innovation. TRANSPARENTLY DELICIOUS Proprietary & Confidential Information of Flavor Producers, LLC © 2021 Flavor Producers, LLC. All rights reserved.
Key Drivers: Transparency, Fresh, Mindful & Well Of people globally are drinking more non- 80% Of consumers surveyed by the More than 80% of retailers expect to increase space Generation Z is focused on more than traditional wellness. alcoholic and low-ABV cocktails than a year ago according to a recent allocation for fresh-prepared, According to the 2022 survey conducted by Food Industry Association Bacardi. grab-and-go selections, and Instagram Gen Z trend (FMI), said that transparency in food and beverages is very 70% will do so for plant-based report about 1 in 3 In the same survey 1/3 of important to them. foods and meat alternatives. survey participants plan people in the U.S. see to partake in mental natural ingredients as a 43.5% of consumers, want Organic is also top of mind with wellness activities and 2 factor in their cocktail full ingredient transparency for consumers, as 55% of in 5 are part of choices. alternative proteins according consumers who choose organic communities that build to a survey conducted by do so because they think it is connections through C.O.nxt and Menu Matters. healthier. health. TRANSPARENTLY DELICIOUS Proprietary & Confidential Information of Flavor Producers, LLC © 2021 Flavor Producers, LLC. All rights reserved.
2022 Forecast At the heart of cuisine is the experiential aspect of discovery. What may seem mundane to you may be revolutionary to someone else. It’s this international exploration of flavors that makes food and drink so special and it has never been easier thanks to the connectivity of social media. With just a flick of a finger you can now find unique twists on international culinary staples or dig deep into videos on authentic regional Borderless Taste preparation. • Exotic Flavor Exploration This exploration isn’t just for the home chef, large chain • Segment Expansion / Beyond Tradition restaurants are getting into the mix with ghost kitchens • Authentic Preparation acting as proof of concept for restaurants focused on • Global Social Media Influence more international cuisine. • Ghost Kitchens TRANSPARENTLY DELICIOUS Proprietary & Confidential Information of Flavor Producers, LLC © 2021 Flavor Producers, LLC. All rights reserved.
Key Drivers: Ghosts, Tradition, & Fusion Taste Tradition A Social Fusion Blending trendy international flavors into $1 Trillion Pinterest is showing growth in saved recipes rooted in regional authenticity Norwegian recipes traditional +120% cultural fusions dishes like Birria Ramen and Mochi Doughnuts have become viral Euromonitor, predicts that the on social media. Ghost Kitchen industry could Filipino recipes authentic +35% Traditional Russian food +3x According to a recent Instacart survey reach a trillion-dollar valuation in South African recipes traditional +150% 90% of consumers who tried making a the next ten years Arabic food traditional +2x social media food trend in 2021 have kept one in their regular cooking rotation. TRANSPARENTLY DELICIOUS Proprietary & Confidential Information of Flavor Producers, LLC © 2021 Flavor Producers, LLC. All rights reserved.
2022 Forecast Botanical and herbal flavors have expanded beyond your favorite watering hole and into the grocery aisle. Sour flavors shifted the consumers mindset, moving from tart to refreshing with a push from craft beer and functional beverages like kombucha and drinking vinegars. This shift to more complex mainstream offerings was spring-loaded with the rise of bitter flavors and is now leaving the door open for innovation into A Growing Palate more experiential flavors that include sensorial effects, descriptive cooking cues, savory influences and even • Mainstream Complexity parlaying into umami. • Sour & Beyond • Botanical & Herbal Twists • Experiential Flavors • Sensorial & Cooking Cues TRANSPARENTLY DELICIOUS Proprietary & Confidential Information of Flavor Producers, LLC © 2021 Flavor Producers, LLC. All rights reserved.
Key Drivers: Taste, Complexity, & Experimentation A New Taste Non-Complexity Molecular With sour flavors offerings now According to NeilsenIQ, sales of entering the mainstream in products like kombucha, beer, drinking vinegars, and even seltzers, it non-alcoholic beverages rose 33.2% over last year with the greatest growth coming from non-alcoholic spirits showing 113.4%. 1 in 6 interesting to see what consumers are Teens and millennials are showing an With total sales at $331 million there is still increased interest in at-home molecular talking as the future of taste. room to grown in this category, but more gastronomy according to the Instagram importantly it is showcasing that consumers 2022 Trend Report. Floral +24.3% YoY are embracing more complexity in Bittersweet +4.8% YoY non-alcoholic beverage selection. Umami +3% YoY Source: Tastewise TRANSPARENTLY DELICIOUS Proprietary & Confidential Information of Flavor Producers, LLC © 2021 Flavor Producers, LLC. All rights reserved.
2022 Forecast While a sense of nostalgia is always present in consumer goods, it seemed have been amplified during the early stages of the pandemic. During this time, the majority nostalgia seemed focused around the early too mid 90’s era, with vibrant and bold themes in art, fashion, music, design and food all thriving. Fast forward till today and a good deal of these elements are still thriving, but there seems to be an emerging push towards the late 90’s and early 2000’s with Toying With Emotions music and fashion in particular showing ties to emo, pop-punk and even goth phases. • Vibrancy • Fun-ctional On the flipside the isolating affects of the pandemic created a • Unique Presentation yearning for more social interaction. Now that there is more • Interactive Food & Drinks leniency around gatherings, look for more socially interactive • Y2K Nostalgia food and drinks featuring unique presentations and fun elements to rekindle the social atmosphere. TRANSPARENTLY DELICIOUS Proprietary & Confidential Information of Flavor Producers, LLC © 2021 Flavor Producers, LLC. All rights reserved.
Key Drivers: Fun, Presentation, & Nostalgia It’s a Lifestyle From music to fashion, it seems nostalgia New Presentation is hitting the latter half of the 1990’s with Fun @ #1 With over 13M views the hashtag #teabombs on Tik Tok is just the newest goth fashion, emo and pop-punk music invading popular social media sites. According to Tastewise, out of the twist on presentation and function that Goth’s Growth on Pinterest top ten social motivations in all of took over the social media platform. This Goth business casual +90% food and beverage, fun is the growth builds on the rise unique Goth cowboy +70% fastest growing at +16.2% YoY. presentations showcased last year with Goth baby clothes +120% bento boxes, charcuterie boards and Goth kitchen decor +85% cocoa bombs. Goth pajamas +185% TRANSPARENTLY DELICIOUS Proprietary & Confidential Information of Flavor Producers, LLC © 2021 Flavor Producers, LLC. All rights reserved.
2022 Forecast Functionality, novel plant-based options, sugar reduction, and consumer transparency will continue to be driving factors in the market for 2022 and beyond. The great news is all these drivers are around making better products focused on personal wellness, but there is one gap that is rising for 2022. Now that we are discovering the greater effects of the A Little Off-Base pandemic through inflation numbers and supply • Functional Notes chains issues; these effects will likely raise prices • Plant-based Alternatives across the board and challenge consumers • Sweetness Modification financially. Knowing this will be a challenge, we as • Transparency Challenges developers need to be mindful of how financial • Financial Wellness wellness comes into play. TRANSPARENTLY DELICIOUS Proprietary & Confidential Information of Flavor Producers, LLC © 2021 Flavor Producers, LLC. All rights reserved.
Key Drivers: Health, Function & Finance Health Focused Functional Delivery Feeling Inflated 88% of American consumers feel that The Hartman Group’s Functional Food and With supply chain issues and elevated it's important to manage their health Beverage and Supplements report found inflation numbers it is important to now to prevent issues later 56% of consumers seek out functional remember the consumer repercussions according to a 2021 Ipsos/NZMP beverages to for specific conditions. price increases can induce. Consumer Research study. Functional beverage sales are expected to According to Bloomberg, 58% of U.S. reach nearly $49 billion at the close of Consumers said they have switched to a New and novel plant-based options 2021. by Packaged Facts' Functional cheaper brand in the last three months are looking to capitalize on this focus Beverages: Market Trends and because of a price increase. 28% said they with new innovations in proteins, Opportunities report. had switched to a private label for that item. snacks and alternative dairy options. TRANSPARENTLY DELICIOUS Proprietary & Confidential Information of Flavor Producers, LLC © 2021 Flavor Producers, LLC. All rights reserved.
Additional Resources Visit www.flavorproducers.com Product Highlights Profile Guides TRANSPARENTLY DELICIOUS Proprietary & Confidential Information of Flavor Producers, LLC © 2021 Flavor Producers, LLC. All rights reserved.
TRANSPARENTLY DELICIOUS Proprietary & Confidential Information of Flavor Producers, LLC © 2021 Flavor Producers, LLC. All rights reserved.
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