Report Summary
Functional food and beverages have moved beyond an emergent concept to become an established market, with the market benefitting from a widening appeal. This report identifies key target segments, growth drivers and strategies for success.
Features and benefits
- Identify the size of the cognitive alertness/energizing and relaxation markets across 20 countries and growth prospects up until 2015
- Evaluate the potential impact on consumer demand of marketing and product development through utilizing consumer, product and market insight
- Identify and capitalize on the main consumer trends that are driving rising demand for functional products
- Gain an understanding of the main obstacles that brands are encountering and how these can be overcome
Highlights
The market for functional alertness/energizing products has shown signs of plateauing, particularly in more mature Western. Moreover, demand is being impacted by the failure of brands to tap into the potential of older demographics health concerns regarding caffeine and related ingredients and some products failing to meet consumer taste demands
Standing out in the alertness/energy market is difficult due to the number of products which offer identical benefits and delivery. However, the industry is beginning to offer more diverse delivery. Moreover, while caffeine remains the dominant ingredient, other ingredients such as potassium and B vitamins are increasingly gaining traction
There are a number of inhibitors to wider consumption of functional relaxation products. These include prevailing consumer skepticism in relation to efficacy, unclear focus among products which is leading to a lack of understanding of potential product benefits, and a lack of breakthrough brands in the same mold as Red Bell and Relentless
Your key questions answered
- What are the growth prospects for the cognitive alertness/energizing and relaxation markets up until 2015?
- How can demand for functional products be fostered among separate, distinct consumer segments?
- What are the key inhibitors that are subduing demand for cognitive relaxation products?
- How can functional brands overcome the prevailing and marked disconnect between interest in, and actual consumption of, functional products?
- How can functional brands effectively utilize marketing to emphasize product efficacy and maintain authenticity?