US Consumers Have A Healthy Appetite For Breakfast As Sales Grow And Nutritional Claims Thrive, Reports Mintel
CHICAGO, Dec. 12, 2012 /PRNewswire/ -- Breakfast is the most important meal of the day, the old adage says, and it looks like US consumers are growing more conscious of the importance of a healthy start to the day. According to latest research from Mintel on the breakfast food market in the US, the majority (69%) of respondents who eat any breakfast foods during the week consider Low Cholesterol or Heart Healthy claims important when selecting food they typically eat for breakfast. Additionally, around the same number (65%) think Low-Fat and High-Fiber are significant health-related attributes when selecting breakfast foods.
The majority (57%) of respondents who eat any breakfast foods during the week would be willing to spend more on better quality prepackaged breakfast foods, shows Mintel's consumer research. Furthermore, 41% would like to see more organic prepackaged breakfast products.Overall, the breakfast foods category has experienced solid growth during the recession, with a 20% increase in dollar sales from 2007-11, going from $10 billion in 2007 to $12 billion in 2011. Furthermore the market is forecast to continue to grow by nearly 26% from 2012-17 to reach a predicted $15.7 billion. Carla Dobre-Chastain, food analyst at Mintel, said: "Eating at home to save money and the convenience of many products in the breakfast category likely aided in its impressive sales growth. While price will continue to play an important role when it comes to breakfast foods, Mintel's research shows that consumers are willing to pay more for higher-quality breakfast products. Therefore, manufacturers and retailers need to strike a balance between price and quality in order to stay at the top of the market." What's more, despite 45% of respondents enjoying pancakes for breakfast, 40% frozen waffles and 33% packaged sausages, it is in this traditional breakfast food category where consumer demand for healthy claims is higher. Indeed, 52% of respondents to Mintel's consumer research would like to see more healthy variants of waffles on the shelves, 48% more healthy variants of pancake mix and 37% healthier sausages.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV