Health and wellbeing
Increasing consumer interest in products with a cleaner label continues, Dell said, a result of recent scrutiny from the current president’s administration, state legislatures, and government agencies, including the FDA.
“You’re seeing a lot of activity happening in the United States in terms of ingredients,” he said, noting that ABA is following the FDA and tracking state legislatures closely. “Not only is the government encouraging us to reevaluate our products, but the consumer is changing as well.”
The better-for-you trend is all-encompassing for consumers, who are looking at health through the lens of physical and mental. Where shoppers seek these options, however, varies from generation to generation.
While boomers look to legacy brands they’re familiar with, millennials seek new innovations such as cauliflower pizza crust.
There is a bit of permissive indulgence playing into consumers’ shopping purposes as well.
“People are still wanting to go out and treat themselves,” Dell said. “Ninety-three percent agree or somewhat agree that it’s perfectly fine to occasionally treat yourself to a sweet good or something that might be seen as a treat.”
Amid uncertainty, rising costs and shifting consumer preferences, Dell encourages bakers to use this tricky window of time to drive innovation.
“We are in challenging times,” he said, “but use that as a catalyst to find the opportunities for innovation and growth.”