FMCG Gurus - Key Things You Must Know About Sustainability - Trend Digest 2024

Pages: 30 Topic: Sustainability Published Date: 2024

Description

Over the years, the plant-based market have been associated with ethical elitism, trendiness, and the idea that the market is for young, environmentally-savvy consumers. However, as the state of the environment worsens and becomes even more of a pressing issue, sustainable initiatives, and plant-based food and drink will move beyond a choice and become a necessity. The food, drink, and supplement industries will face an emergency in light of the irreversible effects of the climate crisis, in which practices and policies will have to meet sustainable credentials with immediate effect.

Over the next decade, some of the major challenges that will worsen will be inadequacies of food supply chains, due to the state of the environment and the growing population. Simultaneously, erratic weather conditions will intensify as a result of climate change. These problems will have significant impacts on supply chains and natural resources and also be catastrophic for biodiversity.

As a result, greater emphasis will be placed on smarter, more ethical initiatives, such as smart agriculture, which will have significantly less impact on climate change and food shortages than the current farming and food production practices. These practices will support natural resources along the supply chain.

It must be highlighted that the current action taken on climate change is not enough to negate the consequences, and the reality is that future generations will suffer from various problems as a result.

This Trend Digest will look at the following areas:

The necessity of the sustainability market due to carbon emissions, global warming, and food shortages.
Innovations in the plant-based market.
The rise of smart agriculture and regenerative farming.
The impact of the cost-of-living crisis on the plant-based market.
Consumer attitudes and behaviors toward packaging, recycling, and environmental claims.

Report Agenda and Insights available:

Section 1: The Necessity of the Sustainability Market

[SU589] Are you concerned about any of the following? 2022

Section 2: Innovations in the Sustainability Market

[MPP16301] You state that you do not eat alternative meat substitutes or replacements, why is this? 2022
[FCT76801] To what extent do you agree with the following statement: "I like food and drink products with new and unusual flavors" 2022
[SU835] What do you think are the main causes of carbon emission? 2022
[SU539] How important is it that food and drink brands look to offset their carbon footprint? 2022
[CN81401] Will you trust a company/brand more if they are doing regenerative farming/agriculture? 2023
[CN99401] How familiar are you with the following certifications for regenerative farming? 2023

Section 3: An Affordable Plant-Based Market

[MPP163001] You state that you do not eat alternative meat substitutes or replacements, why is this? 2022

Section 4: Packaging, Recycling & Environmental Concerns

[PAC451] Why do you recycle? 2021
[SU715] Why do you not recycle all the time? 2022

Section 5: The Food and Drink Markets

[SNA57201] To what extent do you agree with the following statement "I will put a snack product back if I am not happy with the ethical/environmental credentials of the product or brand" 2023
[SNA79001] What type of environmentally friendly claims do you like to see on snack products? 2023
[SNA85401] Do you like to see any of the following free-from claims when seeking out products? 2023
[CH583] How important are sustainability claims/pledges when choosing what chocolate products to buy? 2022.
[AN408] Upcycled ingredients are ingredients that have directly been sourced from food that will otherwise potentially go to waste and re-used to make other products. How appealing do these ingredients sound when purchasing products to help you engage in physical activity? 2021.
[DA894] How important are sustainability claims/pledges when choosing what dairy products to buy? 2021
[DA297] Do you look out for any of the following claims/pledges when choosing dairy products? 2021

Section 6: The Barriers & Next Steps