THE FOOD RENAISSANCE FORGING BRAND LOVE IN A NEW ERA · ... Questionnaire Flow 29 1 Choosing...

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THE FOOD RENAISSANCE FORGING BRAND LOVE IN A NEW ERA 6.22.2016

Transcript of THE FOOD RENAISSANCE FORGING BRAND LOVE IN A NEW ERA · ... Questionnaire Flow 29 1 Choosing...

THE FOOD RENAISSANCE FORGING BRAND LOVE IN A NEW ERA

6.22.2016

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WHYFOODMIX?

WebelieveweareinthemidstofaFood

Renaissanceandourculture’sexpecta:ons

offoodanditsrela:onshipswith

brandshavefundamentallyshi<ed.

WHAT?

Wedrawfromourfullsuiteofresearch,brandstrategy,crea:ve,communica:onsandsalessupportservicestomakelas:ngconnec:ons.

HOW?

Weinterpretchangingconsumerneedsandcreatebrandsand

brandstoriesthatturncustomersintoadvocates.

Why Foodmix

About Foodmix

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https://www.youtube.com/watch?v=aIUVqoiUNCk

Why Food Renaissance? Arethechangesoccurringinthefoodindustrytodayaseriesoftrends–orsomethingbigger?Foodmixbelievesthattounderstand,andreactto,thenewreali:es,wemustlookbeyondthetrendsandunderstandthatourcultureisrapidlyevolving–andchanging.JustastheRenaissancerepresentedabridgefromoneeratoanother,thefoodindustryisexperiencingaRenaissanceofitsown.Drivenbythechangingrolefoodplaysinourculture.Powerisshi<ingfromafewgatekeeperstoamoreinformed,opinionatedandpassionateconsumer.

WelcometotheRenaissance.

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Evidence That the Food Renaissance is Upon Us

Rankof“Food&Drink”amongmostpinnedcategoriesandmostbrowsedcategoriesonPinterest,amongdailyusers: 1

Rankof“Food”amongfastest-growingYouTubecategories: 1Numberofconsecu:veyearsofinfla:on-adjustedsalesgrowthfortheU.S.

restaurantindustry(2010-15): 6NumberofAmericanswhowatchtheCookingChanneleachweek: 32,000,000

NumberofpeoplewhosubmiZedsugges:onsfornewflavorings,inresponsetoFritoLay’s“DoUsaFlavor”contest: 3,800,000

Combinednetworthoftopfivecelebritychefs: $750,000,000

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http://www.cision.com/us/2015/01/25-pinterest-facts-and-pr-best-practices/ https://www.thinkwithgoogle.com/articles/millennials-eat-up-youtube-food-videos.html http://www.restaurant.org/News-Research/Research/Forecast-2015 http://www.statista.com/statistics/368164/cable-tv-networks-cooking-channel-watched-within-the-last-7-days-usa/ http://www.fastcocreate.com/1682425/how-lays-got-its-chips-to-taste-like-chicken-and-waffles http://www.celebritynetworth.com/list/top-50-richest-celebrity-chefs/

Understanding What’s Happening Will Help You Win in the New Era

MEGA TRENDS

MEGA RESPONSES

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The signs are everywhere - Are Mega Trends Here to Stay?

BIG FOOD STUMBLES

MILLENIALS CHOOSE WISELY

BABY BOOMERS RETHINK

THE MELTING POT IS HEATING UP

SPECIALTY FOODS SURGE

A NEW BREED OF

INFLUENCES

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Big Food Stumbles Declineinmarketshareof25largestfoodandbeveragecompanies

from2008to2014: -8.7%Billionsofdollarsthatshi<edfromlargetosmallcompaniesfrom

2009to2014acrossallCPGcategories: $18BPercentageofsupermarketfrozenfoodproductswithflator

decliningsalesin2014: 98%Percentageofthemostimportantfoodcategoriesinwhichlarge

brandslostmarketsharetosmallbrands,2009-14: 75%PercentagechangeinannualorganicfoodsalesintheUS2009-14vs.

USsalesofcountry'sbiggestfoodandbeveragecompanies: +74%

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http://www.zacks.com/stock/news/164229/kelloggs-misses-q4-earnings-cuts-longterm-sales-target http://adage.com/article/cmo-strategy/big-food-falters-marketers-responding/298747/ http://adage.com/article/cmo-strategy/frozen-food-giants-plot-ads-stop-freezer-case-sales-fall/240878/ http://www.entrepreneur.com/article/243855 http://www.wsj.com/articles/how-can-big-food-compete-against-fresher-rivals-1436757869

Millennials Choose Wisely

PercentageofMillennialmomswhowatchfoodvideoseveryweek: 69%

PercentageofMillennialswhouseorganicfoodandbeverages: 86%PercentageofMillennialswhowouldstopbuyingacertain

productiftheybelievedthebrandwasunethical: 59%Percentageofmillennialswhowishfoodcompaniesofferedmore

informa:ononhowtheymaketheirproducts: 74%

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http://www.ift.org/food-technology/past-issues/2015/april/features/the-top-ten-food-trends.aspx?page=viewall http://www.chicagotribune.com/business/ct-millennials-big-food-1030-biz-20151029-story.html http://www.chicagotribune.com/business/ct-millennials-big-food-1030-biz-20151029-story.html

Baby Boomers Rethink

Percentageofbabyboomerswhobelieveea:nghealthilyis“extremelyimportant”: 82%

Boomershavebeengrowingmorediscrimina:ngabouttheirdiet,

increasinglyop:ngforfoodsgearedtowardsbolsteringeitherbrain

healthorphysicalac:vity.(NPDGroup/AlixPartners/CSPDailyNews)

11 http://www.alixpartners.com/en/Publications/AllArticles/tabid/635/articleType/ArticleView/articleId/1646/Bringing-Health-to-the-Bottom-Line.aspx#sthash.fZLLfG1R.dpbs

The Melting Pot is Heating Up PercentageofU.S.popula:onthatisHispanic: 17%

PercentageofU.S.popula:onunderage12classifiedasnon-white: 56%

Expectedgrowthinethnicfoodsalesinsupermarkets2012-2017 20%

LikelihoodthatanAmericanin2014wasnotbornintheU.S.: 1in7

Yeares:matedbyCensusBureauwhenU.S.willbecomeamajority-minorityna:onforthefirst:me: 2043

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http://www.usatoday.com/story/news/nation/2014/06/26/census-asians-demographics-immigration-population/11349699/ http://www.nielsen.com/content/dam/corporate/us/en/conference/Multicultural%20Consumer%20-%20Buy%20Insights.pdf http://nrn.com/consumer-trends/report-consumer-interest-ethnic-cuisines-grows https://www.census.gov/newsroom/releases/archives/population/cb12-243.html

Specialty Foods Surge Percentagechangeinretailspecialtyfoodsales,

2012-14,versus2%increaseoverthesameperiodforallfoods:

19%Percentageofconsumerswhoboughtgourmetspecialty

foodsin2014: 59%Percentageofglobalconsumerswhowanttorecognize

everyingredientonthelabel:68%

Percentageofglobalconsumerswhowantfoodmadewithasfewingredientsaspossible: 40%

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http://ota.com/sites/default/files/indexed_files/PolicyConference2015_Infographic_8.5x11_1a_0.pdf http://fortune.com/2015/05/21/the-war-on-big-food/

A New Breed of Influences

Rankofwebsites,amongallmedia,assourceofinforma:onaboutrecipesandnutri:on(aheadofbooks,magazinesandtelevision): 1Rankoffoodanddrinkbrands,ofallbrandsmen:onedonTwiZer

(with32%shareofbrand-relatedtweets): 1Percentageofsmartphoneuserswhobelievethatthetechnology

hasimprovedhowwelltheyeat: 82%PercentageofPinterestuserswhointeractwithfood-related

content: 57%NumberofU.S.restaurantvisitsannuallythatareinfluencedby

onlinemarke:ng: 926million

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Hunter Public Relations 2014 Food News Study https://www.linkedin.com/pulse/social-media-trends-tastes-food-beverage-industry-daren-bach https://blog.compete.com/2012/06/28/pinning-down-the-impact-of-pinterest/ http://www.forbes.com/sites/caroltice/2012/07/12/what-puts-diners-in-restaurant-seats-hint-not-social-media-reviews/ http://www.foodnavigator-usa.com/Manufacturers/Smartphone-use-among-5-key-trends-driving-interest-in-healthy-eating

Fight or Flight? Rethink Everything – Mega Reactions

COME CLEAN

ACQUIRE

INNOVATE

REPOSITION

REFORMULATE

REMIX

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Come Clean

In 2015 Big Food companies began making public statements admitting they have not changed enough and are out-of-step with market trends.

The admissions in themselves represent a step toward rebranding.

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Opportunities – Acquire

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Opportunities – Innovate

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Opportunities – Reposition

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Opportunities – Reformulate/Remix

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Implications of the Food Renaissance

■  We no longer eat food, we live food

■  Brands are not dead, but they need to offer more/different substance than in the past

■  Marketing truths and making connections will matter more than” out-shouting” the competition

■  The texture of food marketing has forever changed and requires different resources

SOHOWHASTHENATUREOFFOODBRANDINGCHANGED?

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FOODMIX CONSUMER BRAND LOVE STUDY

Research Objectives

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Examineassump:onsaboutconsumer

brandloveinthefoodandbeveragecategory

Iden:fythevalueofbrandloveand

whetheritshouldmaZertofoodcompanies

Iden:fythequali:esandfeelingsthatdifferen:ateloved

foodbrands

Methodology

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Ana:onalonlinesurveyof1,002adultsages18-69fieldedin

March2016

Representa:veofUSpopula:onbyage,gender,income,

ethnicityandregion

Thefocusofthesurveywas

consumers’favoritebrandedfoodorbeverageproduct

Questionnaire Flow

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1 Choosingfavoritefoodbrand

2 ANtudestowardfavoritefoodbrand

3 Loveoffavoritefoodbrand

4 AYributeslovedaboutfavoritefoodbrand

5 Categorizingfavoritefoodbrand

AMERICA’S FAVORITE FOOD BRANDS*

*OR, MORE ACCURATELY, AMERICA’S FAVORITE BRANDED FOOD & BEVERAGE PRODUCTS

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Consumers’ Favorite Food Brands

*Foodmix 2016 Brand Love Survey

Many Brands Take Time to Become Favorites Two-thirds of consumers have been using their favorite food brand for 6+ years. For the large majority of consumers, their favorite has been around a long time.

37%30%

21%6% 6%

91%

9%

10+years Forthepast6to10years

Forthepast2to5years

Forthepastyear Forthepast6months

Beenaroundalong:me

Rela:velynewinmyarea

LengthofTime

Howlonghaveyoubeenusing[INSERTBRAND]?Has[INSERTBRAND]beenaroundalong:me,orisitrela:velynewinyourarea?Base:All(n=1002)

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LengthofTimeUsingBrand Newvs.OldBrand

67%

*Foodmix 2016 Brand Love Survey

Why We Should Care About Brand Love

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Posi:veMarketplaceBehaviors

BrandLove

AZributes+FeelingStates

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Posi:veMarketplaceBehaviors

BrandLove

AZributes+FeelingStates

Why We Should Care About Brand Love

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People o'en talk about “loving” a brand,meaning they have developed an emo9onala:achment,beyondjust likingorbeingloyaltoit. Using a 10-point scale, where 10 is thehighest, how much would you say you love[INSERTBRAND]?

Defining Brand Love

Brand Love of Food is Pervasive in the U.S. Almost two-thirds of consumers love their favorite food brand.

21%

16%

26%

15%

5% 6%2% 2% 2%

6%

10 9 8 7 6 5 4 3 2 1

BrandLoveRa\ngs

Peopleo<entalkabout“loving”abrand,meaningtheyhavedevelopedanemo:onalaZachment,beyondjustlikingorbeingloyaltoit.Usinga10-pointscale,where10isthehighest,howmuchwouldyousayyoulove[INSERTBRAND]?Base:All(n=1002)

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I’mtotallyinlovewithit

Ilikeit,butI’mnotinlovewithit

BrandLovers63%

BrandLikers37%

*Foodmix 2016 Brand Love Survey

Brand Love is Consistent Across Demographics

61%

62%

65%

67%

66%

62%

64%

62%

65%

61%

62%

63%

$100K+HH

$50K-$100KHH

Under$50KHH

Hispanic

African-American

White

Women

Men

Babyboomers

GenX'ers

Millennials

Total

%ofBrandLoversRa:ngof8,9or10on10-pointscale

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Peopleo<entalkabout“loving”abrand,meaningtheyhavedevelopedanemo:onalaZachment,beyondjustlikingorbeingloyaltoit.Usinga10-pointscale,where10isthehighest,howmuchwouldyousayyoulove[INSERTBRAND]?Base:All(n=1002)

*Foodmix 2016 Brand Love Survey

A Look at Attributes of Favorite Food Brands

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Posi:veMarketplaceBehaviors

BrandLove

AZributes+FeelingStates

We Tested 30 Food-Related Attributes Respondents indicated which ones they like about their favorite brand.

7%8%9%

12%13%13%14%14%

17%18%18%18%

20%23%

25%28%29%

33%34%

36%39%

41%50%50%50%

52%57%58%

85%87%

ExtravagantEthical

Eco-friendlyIntenseSincereSmart

Natural/OrganicLowsugar

HighproteinCrea:veLowfat

LowcalorieExci:ng

EnergizingFriendlyHealthy

OneofakindEstablishedRefreshing

FunTrustworthy

Authen:cEasy

ReliableFresh

Premium/HighqualityConvenientConsistentFlavorful

Great-tas:ng

WhataZributesorquali:esdoyoulikeabout[INSERTBRAND]?Checkallthatapply.Base:All(n=1,002)39 *Foodmix 2016 Brand Love Survey

At the Top of the List are Table Stakes Most consumers expect these qualities in a food brand.

57%

58%

85%

87%

ConvenientConsistentFlavorful

Great-tas:ng

WhataZributesorquali:esdoyoulikeabout[INSERTBRAND]?Checkallthatapply.Base:All(n=1,002)

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1

*Foodmix 2016 Brand Love Survey

There’s Opportunity in the Middle. . . Fresh, high-quality foods that are fun and easy and have other personality traits such as authenticity.

20%23%

25%28%29%

33%34%

36%39%

41%50%50%50%52%

Exci:ngEnergizingFriendlyHealthy

OneofakindEstablishedRefreshing

FunTrustworthyAuthen:c

EasyReliableFresh

Premium/Highquality

WhataZributesorquali:esdoyoulikeabout[INSERTBRAND]?Checkallthatapply.Base:All(n=1,002)

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2

*Foodmix 2016 Brand Love Survey

At the Bottom are Health-Related Claims There’s obviously demand for foods with health-related claims that are eco-friendly and ethical. But the passion that elevates foods to favorites is not coming from these attributes.

7%

8%

9%

12%

13%

13%

14%

14%

17%

18%

18%

18%

Extravagant

Ethical

Eco-friendly

Intense

Sincere

Smart

Natural/Organic

Lowsugar

Highprotein

Crea:ve

Lowfat

Lowcalorie

WhataZributesorquali:esdoyoulikeabout[INSERTBRAND]?Checkallthatapply.Base:All(n=1,002)

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3

*Foodmix 2016 Brand Love Survey

Liked Attributes That Skew Younger

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12%

15%

14%

25%

30%

37%

10%

17%

20%

30%

38%

40%

19%

21%

25%

32%

39%

47%

Smart

Crea:ve

Exci:ng

Oneofakind

Fun

Authen:c

Millennials GenX'ers BabyBoomers

WhataZributesorquali:esdoyoulikeabout[INSERTBRAND]?Checkallthatapply.Base:All(n=1,002)On10-pointbrandlovescale,BrandLovers=8-10;BrandLikers=1-7

Millennials, and to some extent Gen X’ers, are more likely to like the values and personality attributes below in their favorite food brand compared to boomers.

*Foodmix 2016 Brand Love Survey

Liked Attributes That Skew Older

44

39%

45%

58%

62%

63%

34%

36%

49%

48%

58%

26%

37%

43%

45%

53%

Established

Trustworthy

Reliable

Premium/Highquality

Consistent

Millennials GenX'ers BabyBoomers

WhataZributesorquali:esdoyoulikeabout[INSERTBRAND]?Checkallthatapply.Base:All(n=1,002)On10-pointbrandlovescale,BrandLovers=8-10;BrandLikers=1-7

Functional attributes of a favorite food brand are more likely to resonate with older consumers.

*Foodmix 2016 Brand Love Survey

Attributes Associated with Brand Love Food brands that are loved are more likely to be associated with high quality and freshness – plus values like authenticity and trustworthiness, and personality traits.

5%

11%

9%

15%

18%

16%

25%

22%

29%

28%

42%

41%

16%

21%

26%

27%

30%

37%

39%

43%

45%

49%

55%

58%

Intense

Crea:ve

Exci:ng

Energizing

Friendly

Oneofakind

Refreshing

Fun

Trustworthy

Authen:c

Fresh

Premium/Highquality

%ofRespondentsWhoLikeAYributeforFavoriteBrand

BrandLovers BrandLikers

WhataZributesorquali:esdoyoulikeabout[INSERTBRAND]?Checkallthatapply.Base:All(n=1,002)On10-pointbrandlovescale,BrandLovers=8-10;BrandLikers=1-7 45 *Foodmix 2016 Brand Love Survey

Brand Love Attributes – A Summary Generally, loved food brands differ from other brands in that consumers are more likely to associated them with values and personality attributes.

WhataZributesorquali:esdoyoulikeabout[INSERTBRAND]?Checkallthatapply.Base:All(n=1,002)On10-pointbrandlovescale,BrandLovers=8-10;BrandLikers=1-7 46

Differen:a:ng Non-Differen:a:ng

Health •  Fresh •  Healthy•  Lowcalorie•  Lowfat•  Lowsugar•  Highprotein•  Natural/Organic

Flavor/Taste •  Refreshing •  Greattas:ng•  Flavorful

Func:onal •  Premium/highquality •  Convenient•  Consistent•  Reliable•  Easy•  Established

Personality •  Authen:c•  Trustworthy•  Fun•  Oneofakind•  Friendly•  Energizing•  Exci:ng•  Crea:ve•  Intense

•  Smart•  Sincere

*Foodmix 2016 Brand Love Survey

A Look at Feeling States

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Posi:veMarketplaceBehaviors

BrandLove

AZributes+FeelingStates

Feeling States

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Emo:onalin:macy

Long-termcommitmentandsecurity

SenseofBelonging

Posi:veself-Image

Pleasure

•  There’salmostsomething“magical”aboutmyrela:onshipwithit

•  Iidealizeit•  IfpeopleknewhowmuchI

reallylikeit,theymightthinkI’maliZlecrazy

•  Ifeelemo:onallyclosetoit•  I’dbeupsetifIcouldn’tgetitor

iftheystoppedmakingit•  OK,maybeI’maliZleobsessed

withit•  IfeellikeIwaswai:ngmy

wholelifeforit

•  It’sbeenpartofmylifeforalong:me

•  It’sgoingtobepartofmylifeforalong:metocome

•  Itfeelslikeanoldfriendtome•  Itevokesmemoriesofgood

:mes•  I’mveryloyaltoit•  Ifiteverdisappointedme,I

thinkIcouldforgive

•  It’sawayofconnec:ngwithotherpeople

•  Ienjoytalkingaboutit

•  Itmatcheswellwithmypersonaliden:fyorself-image

•  Itmakesmefeelspecial,likeamemberofaclub

•  Itisaperfectfitforme•  Thecompanythatmakesthis

brandhasahistoryor"story"thatfeelsauthen:candthatspeakstome

•  Itmakesmehappy•  HowgreatwoulditbeifIcould

bringitintoamovietheater?

Any form of love is created by strong positive feelings – feelings about oneself, the desired object (food) or person, and the relationship itself.

*Categoriesbasedinpartofareviewofacademicresearchaboutbrandlove.*Foodmix 2016 Brand Love Survey

Favorite Foods Elicit Intense Feelings

Consumers are highly loyal to their favorites, many of which have been a “perfect fit” for them for a long time.

68%

69%

69%

76%

80%

81%

82%

84%

87%

Itevokesmemoriesofgood:mes

Ifiteverdisappointedme,IthinkIcouldforgive

Itfeelslikeanoldfriendtome

It’sbeenpartofmylifeforalong:me

Itisaperfectfitforme

It’sgoingtobepartofmylifeforalong:metocome

I’mveryloyaltoit

I’dbeupsetifIcouldn’tgetitoriftheystoppedmakingit

Itmakesmehappy

TopANtudes/FeelingStates%whoStronglyAgreeorAgreeon5-pointagreementscale

Howmuchdoyouagreeordisagreewitheachstatementaboutyouandyourfavoritefoodbrand,[INSERTBRAND]?Base:All(n=1,002)

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Favorites Link with Positive Self-Image

Favorite foods often reflect personal identity. Many favorite brands have authentic stories that speak to consumers.

32%

35%

36%

39%

39%

40%

44%

45%

54%

54%

57%

59%

There’salmostsomething“magical”aboutmyrela:onshipwithit

IfeellikeIwaswai:ngmywholelifeforit

Iidealizeit

It’sawayofconnec:ngwithotherpeople

Itmakesmefeelspecial,likeamemberofaclub

IfpeopleknewhowmuchIreallylikeit,theymightthinkI’maliZlecrazy

Ifeelemo:onallycloseit

OK,maybeI’maliZleobsessedwithit

HowgreatwoulditbeifIcouldbringitintoamovietheater?

Ienjoytalkingaboutit

Thecompanyhasahistoryor"story"thatfeelsauthen:c

Itmatcheswellwithmypersonaliden:fyorself-image

SecondaryANtudes/FeelingStates%whoStronglyAgreeorAgreeon5-pointagreementscale

Howmuchdoyouagreeordisagreewitheachstatementaboutyouandyourfavoritefoodbrand,[INSERTBRAND]?Base:All(n=1,002) 50 *Foodmix 2016 Brand Love Survey

Feelings About Favorites That Skew Younger

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31%

31%

35%

48%

42%

32%

34%

38%

56%

60%

43%

44%

44%

58%

60%

IfeellikeIwaswai:ngmywholelifeforit

Iidealizeit

It’sawayofconnec:ngwithotherpeople

Ienjoytalkingaboutit

HowgreatwoulditbeifIcouldbringitintoamovietheater?

Millennials GenX'ers BabyBoomers

WhataZributesorquali:esdoyoulikeabout[INSERTBRAND]?Checkallthatapply.Base:All(n=1,002)On10-pointbrandlovescale,BrandLovers=8-10;BrandLikers=1-7

Feelings related to pleasure, connecting with others, and emotional intimacy are more likely to be seen among younger consumers.

*Foodmix 2016 Brand Love Survey

Feelings About Favorites That Skew Older These long-term-commitment feelings are more associated with Baby Boomers compared to Millennials when considering their favorite food brand.

52

76%

85%

85%

70%

79%

81%

60%

65%

77%

Itfeelslikeanoldfriendtome

It’sbeenpartofmylifeforalong:me

It’sgoingtobepartofmylifeforalong:metocome

Millennials GenX'ers BabyBoomers

WhataZributesorquali:esdoyoulikeabout[INSERTBRAND]?Checkallthatapply.Base:All(n=1,002)On10-pointbrandlovescale,BrandLovers=8-10;BrandLikers=1-7

*Foodmix 2016 Brand Love Survey

Brand Love and Emotional Intimacy

Consumers who love food brands are a little crazy about them.

11%

19%

23%

20%

22%

72%

44%

47%

50%

58%

59%

91%

There’salmostsomething“magical”aboutmyrela:onshipwithit

Iidealizeit

IfpeopleknewhowmuchIreallylikeit,theymightthinkI’maliZlecrazy

Ifeelemo:onallycloseit

OK,maybeI’maliZleobsessedwithit

I’dbeupsetifIcouldn’tgetitoriftheystoppedmakingit

MeasuresofBrandInvolvement%whoStronglyAgreeorAgreeon5-pointagreementscale

BrandLovers BrandLikers

Howmuchdoyouagreeordisagreewitheachstatementaboutyouandyourfavoritefoodbrand,[INSERTBRAND]?Base:All(n=1,002)On10-pointbrandlovescale,BrandLovers=8-10;BrandLikers=1-7

53 *Foodmix 2016 Brand Love Survey

Brand Love and Long-Term Commitment For many consumers, loved food brands are associated with good times. Loved brands feel like old friends.

17%

52%

53%

65%

69%

72%

46%

77%

78%

83%

88%

91%

IfeellikeIwaswai:ngmywholelifeforit

Itevokesmemoriesofgood:mes

Itfeelslikeanoldfriendtome

It’sbeenpartofmylifeforalong:me

It’sgoingtobepartofmylifeforalong:metocome

I’dbeupsetifIcouldn’tgetitoriftheystoppedmakingit

MeasuresofBrandInvolvement%whoStronglyAgreeorAgreeon5-pointagreementscale

BrandLovers BrandLikers

Howmuchdoyouagreeordisagreewitheachstatementaboutyouandyourfavoritefoodbrand,[INSERTBRAND]?Base:All(n=1,002)On10-pointbrandlovescale,BrandLovers=8-10;BrandLikers=1-7 54 *Foodmix 2016 Brand Love Survey

Brand Love and Trust, Self-Image, Pleasure Loved food brands are more likely to offer a history or “story” that feels authentic to consumers and speaks to them.

40%

77%

21%

42%

39%

66%

59%

66%

62%

93%

50%

65%

70%

88%

75%

90%

HowgreatwoulditbeifIcouldbringitintoamovietheater?

Itmakesmehappy

Itmakesmefeelspecial,likeamemberofaclub

Thecompanythatmakesthisbrandhasahistoryor"story"thatfeelsauthen:candthatspeakstome

Itmatcheswellwithmypersonaliden:fyorself-image

Itisaperfectfitforme

Ifiteverdisappointedme,IthinkIcouldforgive

I’mveryloyaltoit

MeasuresofBrandInvolvement%whoStronglyAgreeorAgreeon5-pointagreementscale

BrandLovers BrandLikers

Howmuchdoyouagreeordisagreewitheachstatementaboutyouandyourfavoritefoodbrand,[INSERTBRAND]?Base:All(n=1,002)On10-pointbrandlovescale,BrandLovers=8-10;BrandLikers=1-7 55

Trust/Loyalty

Self-Image

Pleasure

*Foodmix 2016 Brand Love Survey

Why We Should Care About Brand Love

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Posi:veMarketplaceBehaviors

BrandLove

AZributes+FeelingStates

Favorite Brands Elicit Positive Behaviors They make consumers into advocates for your brand, for example, and more open to cross-selling.

19%

29%

41%

51%

52%

63%

64%

68%

73%

77%

Iwanttopostphotosofitonsocialmedia

Iwanttofollowitonsocialmedia

IfIheardsomethingbadaboutit,I’dques:onitinmyownmind

I’mabitofa“hoarder”whenitcomestohavingenoughonhand

IwouldtryanewrestaurantifIknewtheyservedit

Idon’tintendoneverswitchingtoanotherbrand

Iwillgooutofmywaytogetit

SoitcostsaliZlemore.Asmallpriceforperfec:on,right?

Ilookforwardtotryingnewproductsintroducedbyit

IrecommendittofriendsandfamilywheneverIcan

ANtudesthatDrivePosi\veBehaviors%whoStronglyAgreeorAgreeon5-pointagreementscale

Howmuchdoyouagreeordisagreewitheachstatementaboutyouandyourfavoritefoodbrand,[INSERTBRAND]?Base:All(n=1,002)

57 *Foodmix 2016 Brand Love Survey

Behaviors Skew by Generation

58

10%

19%

48%

75%

75%

18%

33%

50%

64%

74%

30%

37%

58%

64%

83%

Iwanttopostphotosofitonsocialmedia

Iwanttofollowitonsocialmedia

IwouldtryanewrestaurantifIknewtheyservedit

SoitcostsaliZlemore.Asmallpriceforperfec:on,right?

IrecommendittofriendsandfamilywheneverIcan

ANtudesthatDrivePosi\veBehaviors%whostronglyagreeoragreeon5-pointagreementscale

Millennials GenX'ers BabyBoomers

Howmuchdoyouagreeordisagreewitheachstatementaboutyouandyourfavoritefoodbrand,[INSERTBRAND]?Base:All(n=1,002)

Millennials are more likely to recommend a favorite food brand. Boomers are more likely to pay more for it.

*Foodmix 2016 Brand Love Survey

Brand Love Super-Charges Behaviors Brand love substantially boosts what consumers will do for their favorite food products.

9%

15%

33%

38%

37%

49%

44%

52%

64%

63%

25%

38%

46%

58%

61%

72%

75%

77%

79%

86%

Iwanttopostphotosofitonsocialmedia

Iwanttofollowitonsocialmedia

IfIheardsomethingbadaboutit,I’dques:onitinmyownmind

I’mabitofa“hoarder”whenitcomestohavingenoughonhand

IwouldtryanewrestaurantifIknewtheyservedit

Idon’tintendoneverswitchingtoanotherbrand

Iwillgooutofmywaytogetit

SoitcostsaliZlemore.Asmallpriceforperfec:on,right?

Ilookforwardtotryingnewproductsintroducedbyit

IrecommendittofriendsandfamilywheneverIcan

ANtudesthatDrivePosi\veBehaviors%whoStronglyAgreeorAgreeon5-pointagreementscale

BrandLovers BrandLikers

Howmuchdoyouagreeordisagreewitheachstatementaboutyouandyourfavoritefoodbrand,[INSERTBRAND]?Base:All(n=1,002)On10-pointbrandlovescale,BrandLovers=8-10;BrandLikers=1-7 59 *Foodmix 2016 Brand Love Survey

Why Food Companies Love Consumers Who Love Their Brand Brand love impacts companies’ most critical sales KPIs.

38%

49%

64% 63%58%

72%79%

86%

I’mabitofa“hoarder”whenitcomestohavingenoughonhand

Idon’tintendoneverswitchingtoanotherbrand

Ilookforwardtotryingnewproductsintroducedbyit

IrecommendittofriendsandfamilywheneverIcan

ANtudesthatDrivePosi\veBehaviors%whoStronglyAgreeorAgreeon5-pointagreementscale

BrandLikers

BrandLovers

Howmuchdoyouagreeordisagreewitheachstatementaboutyouandyourfavoritefoodbrand,[INSERTBRAND]?Base:All(n=1,002)On10-pointbrandlovescale,BrandLovers=8-10;BrandLikers=1-7 60

RESISTCOMPETITIVEOFFERS/LOYALTY

REPEATPURCHASES

WILLINGTORECOMMENDRECEPTIVETOCROSS-SELLING

*Foodmix 2016 Brand Love Survey

Implications: The Produce Industry is in a Winning Position

■  High Quality ■  Fresh ■  Reliable ■  Easy ■  Authentic

61

Loved brand attributes are your attributes

■  Trustworthy ■  Fun ■  Refreshing ■  Real ■  Energizing

*Foodmix 2016 Brand Love Survey

62

For more information, contact: Dan O’Connell, CEO [email protected] 630.366.7500 www.foodmix.net https://www.youtube.com/watch?v=aIUVqoiUNCk