In recent years, consumers have become considerably more conscious about the food they purchase. Concerns ranging from the way food is produced to the ingredients that each product contains have shaped our tastes and, in turn, the products we see on the shelves. Though attitudes vary among consumers, the bread and bakery sector has persisted. However, even dietary staples like bread are subject to changing tastes. Here, we take a look at consumer attitudes, preferences, and concerns when it comes to their baked goods.
Here are four facts you need to know about the business of baked goods:
Good News, Bad News
The good news? Baked goods are still a staple, with both Millennials and Gen Zers still purchasing on a regular basis. In the last week, they have purchased...
63% Sweet Baked Good
The bad news? Trends are heading in the wrong direction, with half of Gen Z and Millennials reporting they buy or eat fewer baked goods than they did a year ago.
Distaste for Waste
Seventy-five percent of Millennials and Gen Z say they are not dissuaded from buying baked goods because of carbohydrate concerns. So, what's the deal?
75% say they don't like wasting bread
20% won't buy a new loaf of bread after throwing an unused one away
How do you appeal to younger generations, then? More than half said they would buy more baked goods if they came in smaller portions.
Better-For-You Baked Goods
More than half of consumers want their bakery goods to have better-for-you attributes, honing in on things like fiber, protein, whole grains and seeds, or fruit.
Some of the most widely sought-after claims include:
22% Low in Sugar
Others are focused on which ingredients to avoid:
And a smaller segment is trying to support a specific diet or eating philosophy:
Pre-Packaged vs. Bakery
Price, quality, and freshness are the most important qualities for baked goods, but consumers prioritize them by product type.
Bakeries looking to drive business should take note that two-thirds of buyers appreciate seeing bread baked on-site.
70% are willing to pay more for this experience
58% enjoy learning about a company's heritage
Is your brand looking to connect with consumers through the power of live experiences? Contact us today to learn how our suite of experiential-led services can help you build brand awareness and earn lifelong loyalists.