the year of the pie...history on all products bought upc plu system 2 ... of households bought a...
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The Year of the Pie
www.perishablesgroup.com
The Year of the PieSuccesses, Opportunities and 2012 Outlook
Jonna Parker
Director, Account Services
Nielsen Perishables Group
Perishables Group Introduction
Fresh Industry Experts� 12 years of fresh food
consulting and category insights;
� Acquired by Nielsen in
2012
Consumer
www.perishablesgroup.com 2
2012
Multi-Dimensional
Approach� Consumer and
trade research
� Analytics
� Marketing communications
� Data services
ApplicationPerformance
Category Strategy
Inputs Utilized in this AnalysisS
ale
s D
ata • Supermarkets
• Store, item, week detail
• Approximately 13,000 stores nationwide
• Supermarkets
• Store, item, week detail
• Approximately 13,000 stores nationwide
Pu
rch
ase
Pa
tte
rns • Spans more
than 5 million regular shopping households across 24
• Spans more than 5 million regular shopping households across 24
Ind
ustr
y T
ren
ds • Media
monitoring
• Supplier and retailer dialogue
• Secondary research
• Media monitoring
• Supplier and retailer dialogue
• Secondary research
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Sa
les D
ata
nationwide
• Fresh bakery/In-store bakery
• No commercial aisle or center-store
nationwide
• Fresh bakery/In-store bakery
• No commercial aisle or center-store
Pu
rch
ase
Pa
tte
rns
across 24 states
• Purchase history on all products bought
across 24 states
• Purchase history on all products bought In
du
str
y T
ren
ds
research research
PLUUPC System 2
FreshFacts® spans all items sold in the fresh departments at supermarkets
TRENDS ACROSS
Pie Successes, Opportunities and 2012 Outlook
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TRENDS ACROSS
FRESH FOODS
9%
7%
5% 5%
4%
8%
4%
1%
4%
Across Fresh, Staples Down but Products Meeting
Consumer Needs Grew
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-2%
Global Healthy Premium/
Indulgence
Convenience Staple
Dollar Change vs. 2010 Volume Change vs. 2010
Contribution to Fresh Dollar Sales
4% 9% 10% 18% 62%
Source: Nielsen Perishables Group FreshFacts® Total US 52 weeks ending 12/31/2011
Bakery Consumers Care About More Than Price
NICHE INDULGENCE
Where Innovation Matters
GOURMET
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Bakery success is about understanding your consumer and innovating to create value beyond price
BREAKFASTTRADING WITHINSUBSTITUTES
Where Price Matters
Source: Nielsen Perishables Group “The Role of Price in Consumer Bakery Choices” study
Trend-Spotting in the In-Store Bakery
Portion Control Through Smaller Product Sizes
Serving Sizes That
Red Velvet Everything
Nostalgia and
www.perishablesgroup.com 7
Serving Sizes That Meet Household Needs
Cupcakes - No Signs of Slowing Down
Nostalgia andComfort Flavors in New Ways
Gourmet andIndulgent products
PIE TRENDS
Pie Successes, Opportunities and 2012 Outlook
www.perishablesgroup.com
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PIE TRENDS
How Do Pies Stack Up Against Other Categories?
Total Bakery
Cakes
Breads
Rolls
Cookies3.7%
3.3%
3.2%
4.2%
4.4%
Dollar % Change vs YAGO
0.8%
-0.8%
-2.1%
1.9%
1.2%
Volume % Change vs YAGO
www.perishablesgroup.com 9Source: Nielsen Perishables Group FreshFacts® Total US 52 weeks ending 12/31/2011
Donuts
Sweet Goods
Pies
Muffins
Bagels
Brownies
Specialty Desserts7.1%
-0.8%
3.8%
4.7%
2.5%
9.5%
6.9%
3.4%
-6.5%
2.8%
-1.3%
1.7%
6.8%
5.6%
Pies By The Numbers
A Pie Chart for Pies
Pies Volume Share
Total U.S., 2011
Specialty/
Gourmet
Cream/
Custard
Pies
6%All Other
11%
In 2011…
of bakery sales came from pies
million pie sales at supermarkets
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Gourmet
Pies
20%
Fruit Pies
24%
Open
Face Pies
15%
Mini/
Sliced/
Half Pies
24%
6% 11%
of households bought a fresh pie
at a grocery store1
average pie purchases per year1
of bakery sales came from pies
fresh pie items carried, up
slightly Mini/Sliced +2 points
Source: 1. FreshFacts® Shopper Insights Powered by Spire, 52 Weeks Ending 12/31/11; 2. Nielsen Perishables Group FreshFacts® Total US 52 weeks ending 12/31/2011
Mini/Sliced/Half Pies Drove Category Growth
Pies
Mini/Sliced
Fruit
Specialty/ Gourmet -1.4%
-3.0%
14.0%
1.7%
Volume % Change vs YAGO
0.9%
1.1%
11.2%
2.5%
Dollar % Change vs YAGO
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Open Face
Cream/ Custard
Meringue
Tarts
Lattice
Other 11.1%
-2.5%
-0.5%
-4.5%
-2.0%
0.0%
8.6%
9.8%
2.1%
-1.1%
0.2%
4.4%
Source: Nielsen Perishables Group FreshFacts® Total US 52 weeks ending 12/31/2011
Staple Flavors Held Their Ground
Top 10 Flavors
2011 Unit Volume
Change vs. 2010
Percentage of Category
Sales
Apple 22.1 million 2.2% 23%
Pumpkin 14.9 million -1.6% 15%
Staple
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Pumpkin 14.9 million -1.6% 15%
Cherry 9.4 million 7.8% 10%
Blueberry 4.5 million 6.2% 5%
Dutch Apple 3.8 million 7.7% 4%
Source: Nielsen Perishables Group FreshFacts® Total US 52 weeks ending 12/31/2011; representing 63% ACV not projected to total
$25,000,000
$30,000,000
$35,000,000
$40,000,000
$45,000,000
$50,000,000
Helping Extend Pie “Season”
Staple
Could mini pies help transition the category from seasonal celebration to
everyday dessert?
www.perishablesgroup.com 13
$0
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
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Pies Category Sales
Source: Nielsen Perishables Group FreshFacts® Total US 52 weeks ending 12/31/2011
The Year of the Portable, Portioned Pie
Convenience
Independent Bakery
Coffee Shops
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“Sweet or savory, hand pies appeal to anyone with a
practical nature” –
Source: Nielsen Perishables Group FreshFacts® Total US 52 weeks ending 12/31/2011
In-Store Bakery
Alternative Grocery
Size Matters, But So Does Presentation
Mini Pies
22.0%
Convenience
www.perishablesgroup.com 15Source: Nielsen Perishables Group FreshFacts® Total US 52 weeks ending 12/31/2011
Pie Slices
0.6%
Half Pies
9.2%
Opportunities for Expansion into Global Flavor Profiles
Multicultural/
Global
Tres LechesCakes
8.8%
Expanding Taste Palate Rethinking Comfort Foods
Tropical Pies
www.perishablesgroup.com 16Sources: 1. Nielsen Perishables Group FreshFacts® Total U.S. Hispanic data ending 12/31/11; 2. Nielsen Perishables Group FreshFacts® Total US 52 weeks ending 12/31/2011
Red Velvet Cupcakes
105%
Tiramisu Cakes
24.6%
Regional Pies
Elegant Pies
Emerging as global recipe network
Chocolate pie unit sales2
+165.7%
Pop Culture Influence
Innovation (Done Right) Will Attract Consumers
Premium/
Indulgence
www.perishablesgroup.com 17
6-Count Cupcakes
6.8%
8” Pies
4.4%
5” Dessert Cakes
39.2%
Source: 1. Nielsen, Understanding and Reaching the New American Family; 2.. Nielsen Perishables Group FreshFacts® Total US 52 weeks ending 12/31/2011
67% of American households comprised of 1-2 people1
Sugar Free, Super Fruits
Health
“After years in the shadow of other fruits, tart cherries are emerging as a
major super fruit”
Cherry pies +7.8%
www.perishablesgroup.com 18Source: Nielsen Perishables Group FreshFacts® Total US 52 weeks ending 12/31/2011; Quote: choosecherries.com
Cherry pies +7.8%
No Transfat, Sugar Free and No Sugar Added:
+294,000 unit sales in 2011
“Natural” tart sales increased tenfold
2012 Opportunities: Pies for Every Palette
Convenience Indulgence
Meeting Consumer Needs
www.perishablesgroup.com 19
Staple
Health Global
Pie Successes, Opportunities and 2012 Outlook
QUESTIONS
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QUESTIONS
Jonna Parker, Director of Account ServicesPhone: 773-929-7013
Email: [email protected]
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