ROCKVILLE, Md., June 15, 2020 /PRNewswire/ -- Many of the largest food categories are treats that people want to indulge in. Sweetness is expected and the sweeter the better, especially for kids and younger consumers under age 40, according to U.S. Food Market Outlook 2020: Home Cooking, Grocery Shopping, & Food Trends in the Age of Coronavirus, a brand new report by market research firm Packaged Facts.
Food indulgence and decadence are desired by many Americans, and despite health concerns, some don't care if they come from sugar. This has been especially evident during recent unsettling global events. Due to the impact of the coronavirus, as consumers stockpiled food to feed people stuck at home, many turned to familiar—and often sweet—comforting foods that brought joy and pleasure.
Cereal was among the favored sugary comforts for many Americans while quarantined. In recent months, media outlets including USA Today, CNN, and The Miami Herald, closely documented America's rising cereal consumption during the pandemic. But make no mistake, cereal remains popular even in less stressful times.
For example, households with kids consistently remain more likely than average to use cold cereal. This provides the impetus for industry players to continue developing new products that have strong kid-appeal despite criticism for marketing sugary cereals to kids. In the last couple of years, sugary kids cereals have come to market including Lucky Charms with unicorn marshmallows and Kellogg's Unicorn with a "magic cupcake" flavor.
Sugary cereals don't just appeal to young kids. They appeal to Gen Z and Millennial consumers who eat them frequently for snacks, dinner, and dessert. Most young folks snacking on cereal aren't looking for health and nutrition. Mainly, they want a cereal that is sweet. For some, cereal is like candy, a treat you don't feel guilty about since you're eating other healthy foods. Marketers have been delivering to them as well with:
About the Report
This brand new Packaged Facts report, U.S. Food Market Outlook 2020: Home Cooking, Grocery Shopping, & Food Trends in the Age of Coronavirus (published June 2020), is now on sale. Combining Packaged Facts' extensive monitoring of the food and beverage market with proprietary surveys, this report is the go-to source for a complete understanding of the U.S. food market.
This broad-based report evaluates current trends and future directions for marketing and retailing, along with consumer patterns across the food market. U.S. Food Market Outlook 2020: Home Cooking, Grocery Shopping, & Food Trends in the Age of Coronavirus examines product availability; surveys retail channel trends; and analyzes consumer trends and motivations. This report focuses on the market for selected food products sold to consumers in the United States through retail channels.
All retail channels of distribution are covered in market sizing and discussion, including supermarkets and grocery stores, mass merchandisers and supercenters, warehouse clubs, natural food stores, convenience stores, drugstores, dollar stores, and direct-sales channels including online. Market size data and projections are provided at the retail sales level for 2014-2019 and 2019-2024, with channel and marketer shares figures for 2019.
Media members please contact our Communications Manager Daniel Granderson at [email protected] for a copy of the report summary. Those interested in purchasing the report can contact Research Specialist Frank Gaines at [email protected] or visit https://www.packagedfacts.com/Food-Outlook-Home-Cooking-Grocery-Shopping-Trends-Age-Coronavirus-13331998/.
About Packaged Facts
Packaged Facts, a division of MarketResearch.com, publishes market intelligence on a wide range of consumer market topics, including consumer demographics and shopper insights, consumer financial products and services, consumer goods and retailing, and pet products and services. Packaged Facts also offers a full range of custom research services. Reports can be purchased at our company website and are also available through MarketResearch.com.
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SOURCE Packaged Facts