Kind adds protein bars to product line
Kind Healthy Snacks has announced the debut of new Kind Protein From Real Food bars. Each of the new bars contains 12 grams of protein, no genetically-engineered ingredients and are made from real food, the New York City-based company said.
“At Kind, we’re always striving to challenge conventional wisdom and eliminate false compromises. We tried to think differently about what we would want in a protein bar,” founder and CEO Daniel Lubetzky said. “We discovered what was missing was a protein bar that tasted delicious and delivered protein from premium, whole ingredients that we can recognize and feel good about putting in our body.”
Each of the new products is gluten-free with nutrient-dense and simple ingredients such as nuts, seeds, whole grains and pieces of fruits. The newly launched flavors include white chocolate cinnamon almond, crunchy peanut butter, double dark chocolate nut and toasted caramel nut.
Kind Protein is available for purchase online and in retail stores nationwide for the suggested retail price of $1.99 per bar.
Survey: Hispanic consumers outspend non-Hispanic counterparts
Hispanic consumers overall are outspending their non-Hispanic counterparts, a Nielsen survey found.
In a blog posted last week, Nielsen reported that Hispanic consumers had increased their dollar spending in the U.S. FMCG industry by 0.7% in the year-ended Oct. 28, 2017, while non-Hispanic spending was down by 0.1%. In fact, Hispanics out-spent non-Hispanic consumers in 12 of 16 primary FMCG categories over the past year, a Nielsen Hispanic survey found.
That would be great news for CPG manufacturers, but for the fact that the 57 million Hispanic consumers are joining non-Hispanic consumers in choosing own brands for their purchases. Notably, 72% of all Hispanics say they believe store branded products are a good alternative to name brands. That percentage, however, drops to 66% among Hispanics who prefer Spanish over English.
The differences between Hispanics who prefer Spanish over English are even more pronounced across store formats. For example, 70% of all Hispanics say they have shopped at a grocery store in the past three months. Comparatively, only 33% of Hispanics who prefer Spanish over English have shopped at a grocery store in the same period. So where are Hispanics who prefer Spanish over English shopping more? Compared with the total Hispanic group, Hispanics who prefer Spanish are shopping significantly more at discount grocers, dollar stores, ethnic stores and drug stores.
Online purchase trends vary among Hispanics as well. For example, 42% of all Hispanics who shop online for groceries and household items say they have shopped less frequently over the past three months. Among Hispanics who prefer Spanish, that percentage rises to 69%. Comparatively, it falls to 30% among Hispanics who prefer English to Spanish and 54% of this group says they’ve shopped online more in the past three months.
“It’s never a good idea to assume that consumer preferences are homogeneous—even among similar demographics. And when it comes to the FMCG market, manufacturers and retailers can’t afford to assume,” the Nielsen blog post concluded. “While Hispanics overall are accepting of private-label products and make purchases to share with others, more specific shopping trends vary within the broader group. Specifically, Hispanics who prefer Spanish favor smaller-format stores and are buying less online, both of which are key differentiators that stand in contrast to the overall Hispanic consumer group.”
Consumers upbeat for 2018
More than half of all consumers are feeling good about 2018, according to the latest IRI consumer confidence survey released Tuesday. Despite this stable outlook, consumers are still mindful about their spending and are turning to the Internet for money-saving opportunities.
“While consumer confidence has improved during the last few years, consumers can still be a bit shaky about their job and financial prospects, so we’re seeing some mixed signals in our survey results,” Susan Viamari, vice president of Thought Leadership for IRI, said. “Many, especially younger consumers, say they think the Internet provides money-saving opportunities, so we wanted to dig further and find out what role online shopping is playing in consumers’ CPG spending. Consumers are certainly not going to do all of their CPG shopping online, but marketers must keep in mind that 76% of all shopping trips begin online and 50% of CPG category growth is predicted to be online in 2018.”
As many as 28% of consumers say they buy grocery items online compared with 23% in Q1 2016. While it is no surprise that consumers look for the best possible deals online, how does this stack up by CPG category? Almost one-third of consumers (32%) are shopping online first for beauty and personal care options, 30% are shopping online for home care options, 21% are looking for OTC options online and only 20% are seeking food and beverage products online.
“While consumer confidence has improved during the last few years, consumers can still be a bit shaky about their job and financial prospects, so we’re seeing some mixed signals in our survey results.”
The IRI survey also revealed that consumers think shopping online provides the added benefit of reducing their impulse purchases. Overall, 51% of total shoppers say they make fewer unplanned purchases online.
Of course, convenience plays a big role in online shopping, with 20% of consumers saying it is easier to find needed grocery items online. By age, 32% of millennials, 28% of Generation X, 16% of baby boomers and 12% of seniors say they find items more easily.
Ordering online with in-store pickup (click-and-collect) provides convenience without the added shipping fee. While 40% of total shoppers like this convenience, 55% of millennials, 52% of Generation X, 36% of baby boomers and 25% of seniors specifically like click-and-collect options.
In the upcoming year, the Internet will play an integral and growing role in the CPG purchase process:
- 55% of consumers will download coupons from retailer/manufacturer websites;
- 51% of consumers will compare prices on retailer websites to find the lowest prices on needed items;
- 24% of consumers will order online for home delivery;
- 22% will order online and pick up in store;
- 12% will use online subscription services for some grocery purchases; and
- 6% will use online meal kit delivery services.
As e-commerce gains steam, consumers are looking for a variety of offerings that will enhance and/or simplify their shopping experience. Delivery — free and/or fast — is quite popular, but desires go beyond that, particularly among younger consumers.
“When consumers think about online CPG shopping, they have specific ideas about what is helpful in their lives,” Viamari said. “There really is no one-size-fits-all answer, so it’s critical to understand what it is that makes your key shoppers tick.”