Fava beans are increasingly present in the snacking industry
Trend - Fava beans are rich in nutrients and are used around the world in various dishes and cuisines. Now, North American brands are increasingly introducing the bean as an on-the-go snack item, in the same way that peanuts and other salted snack items are presented.
Insight - CPG brands in the food and beverage space are often appealing to consumers' appreciation for balanced indulgence. The benefits of choosing nutritious snacking products for consumers is that they can stick to their health goals without being overtly disciplined with what they're consuming. The ever-expanding options in this space come as consumers constantly seek out ingredients they're unfamiliar with in order to feel less restricted in their health and fitness journeys.
Insight - CPG brands in the food and beverage space are often appealing to consumers' appreciation for balanced indulgence. The benefits of choosing nutritious snacking products for consumers is that they can stick to their health goals without being overtly disciplined with what they're consuming. The ever-expanding options in this space come as consumers constantly seek out ingredients they're unfamiliar with in order to feel less restricted in their health and fitness journeys.
Workshop Question - What are some emerging alternative ingredients/products that your brand could work with?
Trend Themes
1. Rising Popularity of Plant-based Snacks - As consumer interest in plant-based diets and healthy snacking options continues to grow, there's a disruptive opportunity for CPG brands to create innovative plant-based snack alternatives that offer the same taste and texture as traditional snacks.
2. Increased Demand for Nutritious Snacking Options - As consumers prioritize their health and wellness, snack brands can create products that balance healthy ingredients with indulgence, providing consumers with guilt-free snacking options.
3. Innovative Use of Fava Beans in Snack Products - Fava beans offer a protein-rich and nutrient-dense ingredient that can be used as a base for snack products such as dips and spreads, plant-based jerky, and even frozen desserts, providing a range of innovative alternative products for snack-hungry consumers.
Industry Implications
1. Snack Food Products - The snack food industry can leverage these trends by creating healthy and innovative snack products that cater to changing consumer preferences.
2. Cpg/food and Beverage Industry - There are disruptive opportunities for CPG companies to offer innovative plant-based and nutritious snacks to meet growing consumer demand.
3. Health and Wellness Industry - The health and wellness industry can benefit from these trends by offering healthy snacking options, educating consumers about nutrition and balanced diets, and promoting products that prioritize health while maintaining indulgence.
