Wednesday, October 23, 2013

Spanish Chilled and Deli Foods Market: What Consumers Eat and Why?



As economic and societal change drives incremental evolution of behavioral patterns, consumers’ consumption patterns can undergo changes as a result of a multitude of different trends: from indulgence to media influence, from aspirations for healthy lifestyles to the shifting state of gender roles, an understanding of which segments of society are consuming which products and why provides companies with an invaluable insight into the motivating forces of the market, allowing them to position their products with maximum efficiency and reap the greatest rewards.


Consumer specialist Canadean’s brand new report – The Spanish Chilled & Deli Foods Market: What Consumers Eat and Why? – is the result of its unique, highly detailed, and proprietary study of consumers’ Bakery & Cereals consumption habits, offering highly segmented data on the influence of 20 consumer trends on 26 consumer groups over 12 product categories within the Chilled & Deli Foods sector. Together with its provision of consumer penetration data for brands and private labels, and unique retailer choice data at the product category level – both of which augment original survey results with subsequent consumer tracking and modeling – this report answers the key questions integral to any Consumer Packaged Goods organization’s success: who is consuming what, and what is motivating this consumption? With its accurate quantification of the impact of consumer trends on specific segments of the market, The Spanish Chilled & Deli Foods Market: What Consumers Eat and Why? facilitates informed updating of marketing tactics and strategic planning, and should be considered required reading for those serious about capitalizing on the opportunities in the Spanish Chilled & Deli Foods market.


Some key insights include:
The proportion of Tweens & Early Teens that consumes Cured Meat in Spain is 74%; this is the highest across all age categories. This category also has the highest proportion of Heavy users with 26%. Cured Meats are an easily accessible snack for a Tween & Early Teen, who is now able to help themselves to simple foods and snacks without parental assistance. Marketers can improve consumption penetration and rates by targeting products and advertising at this age range.

Categories in the Spain Chilled & Deli Foods market have shares ranging from 6% for Pates to 21% for Prepared Salads. This indicates that the market is not skewed towards a particular product category. Consumers are able to pick and choose and mix and match from these categories when requiring a simple snack so marketers in one particular category could gain share from other categories by making their product stand out from the rest.

Males account for 49% of the Spanish population; however, 54% of the Chilled & Deli foods market is consumed by Males. This pattern repeats across all categories with the exception of Prepared Salads where consumers are 54% Female. In order to increase market values, marketers should consider gender-based advertising.

Older Consumers in the Spanish Chilled & Deli Foods market represent a 28% value share, which is almost double the next largest group, Mid-Lifers. This is due to Older Consumers being the largest share of the population. Marketers should be aware of this main demographic in their advertising, but should also encourage younger users otherwise their market will decrease as the population ages.

Private Label has a significant presence in the Chilled & Deli Foods market in Spain, ranging from 30% of Pates to 69% of Fermented Meats. There are very few Brands in this market so Private Labels have little competition. Marketers of branded products need to be aware of this and differentiate their products in order to protect them from the threat of Private Label.

A single retailer dominates the Retail Distribution chain of Chilled & Deli Foods in Spain with the majority of the value share, 50%. This means that producers have very little bargaining power with this particular retailer.


Browse more reports on Frozen Food Market @ http://www.rnrmarketresearch.com/reports/food-beverage/food/frozen-food .