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Analysis

Top FMCGs in Race to Keep Up With Conscious Consumers

Betty Tűndik

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Photo by Gerd Altmann / Pixabay
Reading Time: 4 minutes

 

– FMCGs need to accelerate innovation to keep up with changing consumer preferences for plant-based products and less packaging

– M&A appetite for small, ethical brands has been on the rise, more than quadrupling over the last five years

– Industry faces potential disruption from physical risks caused by climate change, as well as upcoming packaging and labelling regulation

– Some companies stand out in tackling these challenges with Danone and Nestlé leading the Food and Beverage sub-sector and Unilever and L’Oréal leading Household and Personal Care. Laggards include Kraft Heinz and Estée Lauder

The world’s top FMCGs including Nestlé, Coca Cola and P&G are in a race to adapt to rapidly changing consumer trends, including a rise in veganism and increasing activism on plastic packaging. This is revealed in a new report ‘Fast Moving Consumers’ from environmental non-profit and investment research provider CDP today. The report ranks 16 of the largest and publicly listed Food and Beverage and Household and Personal Care companies on business readiness for a low carbon transition.

The life cycle environmental impact of products from the industry is significant and FMCGs have a key role to play in curbing over a third of global greenhouse gas emissions[2]. 90% of the sector’s carbon emissions lie in the value chain, leaving companies exposed to raw material risks and product consumption risks. The proximity of the sector to consumers means companies are exposed to changes in consumer preferences, but also have the opportunity to drive behavior change in order to ensure the longevity of their brands.

Some of the most transformative low carbon innovations delivered by these companies include developing vegan and organic product ranges. Our analysis shows 5 out of the 7 food and drinks companies that originally offered dairy or meat-based products are innovating with new vegan alternatives.

Similarly, Household and Personal Care companies are creating more plant-based, natural options – 6 out of 7 companies including L’Oréal are actively innovating to replace petrochemicals with natural, biodegradable ingredients. Unilever is among the 4 companies to have developed vegan personal care product ranges.

A tide of consumer activism on plastic packaging has resulted in increased scrutiny and changing preferences for circular, zero-waste business models. This is forcing companies to rethink their approach, with around 60% of companies investing to advance biodegradable plastic and recycling infrastructure, and Danone leading the way.

Despite this innovation in the sector, almost 60% of the top 10 revenue generating brands for each company have failed to deliver low carbon innovations in the last 10 years. Given most companies (88%) generate over 50% of their revenues from these key brands, including Nescafé, Budweiser and Dove, they must up their game or risk falling foul of changing consumer demands.

Many FMCGs are responding by acquiring smaller, sustainable brands. 75% of companies have directed M&A efforts towards the acquisition of niche, environmental brands in the last 5 years and this type of activity has more than quadrupled over that time. For Food and Beverage companies, this trend is further driven by the alignment of health and environmental trends, demonstrated by Nestlé’s recent acquisition of Sweet Earth and Pepsico’s purchase of Bare Foods. However, this approach will not be sustainable if their fundamental business models – which are based on driving more consumption – remain unchanged.

Beyond reputational risks, impending regulation is also threatening these companies, as more robust rules on packaging and waste are introduced. The EU 94/62 directive’s 2018 amendment has set measures for reducing packaging waste at source as well as improving recycling and recovery, while product labelling and carbon footprinting is on the horizon.

The sector is also highly exposed to the physical risks associated with climate change. For example, heat stress and water scarcity have the potential to disrupt agricultural supply chains and cause price volatility. This poses a real threat to the sector, especially for diversified food companies like Nestlé and Kraft Heinz that rely on a variety of raw materials. When it comes to physical risks in the consumption phase, personal care and home care companies are most exposed, due to the amount of water it takes to use their products.

Notwithstanding the media scrutiny around palm oil, some companies are being slow to respond. Despite the palm oil exposure faced by all Household and Personal Care companies, less than 45% is supplied from physically certified sources. Of the palm oil users, only Danone and L’Oréal have already achieved a 100% physically certified supply.

Carole Ferguson, Head of Investor Research, CDP commented“As consumer facing brands, at risk not just from climate change but water scarcity and deforestation too, these companies have a unique role to play in driving forward the sustainable economic transition. Ongoing activism around plastics and packaging is just the tip of the iceberg, and we expect to see more environmental issues come to the fore as consumers start to question what goes into the products they buy, use and dispose of. 

Leading companies are taking action across their entire value chain and redefining the role of business in society – by engaging with suppliers, innovating their product lines and even working with consumers to drive behavior change. This level of action is impressive but necessary to address fundamental risks. And these efforts need to be replicated by others in the sector, if they are to justify their role in a society that can no longer be based on fast paced, rising consumption and linear business models.”

Kweichow Moutai, a Food and Beverage company listed on the Shanghai stock exchange, did not respond to CDP’s 2018 climate change questionnaire.

 

SOURCE: CDP

Hi everyone! Nice to e-meet you! Here are a few things you should know about me.


I am a conscientious, open minded, adaptable to new experiences and ambitious Business Development Manager with a Bachelor's Degree in Economics - Banking, Finance and Accountancy. Through my studies I've also obtained many naturopathic and nutrition degrees as well. Part-time jobs have added marketing, network marketing, event management and store management skills to my experience through my career.


Through my career I have also been a Hotel Manager and owned a Bar/Restaurant & Internet Cafe. My online marketing and social media interactivity experience was gained when me and my husband started a business with an online/organic webshop & healthy lifestyle consultancy.


I've improved my English at Cambridge Academy of English - 2003, in Cambridge. I live a conscious lifestyle, and try to protect the ecosystem. Animal lover and capable of helping others without judgement or negative reactions, this is thanked to my knowledge in holistic therapies and the naturopathy courses I've followed.


I cannot leave far my spiritual growth and the continuous development in alternative and holistic therapies, so I'm learning at Kyron School of New Consciousness, receiving a Bio Energo-therapist diploma.


Thanks to all my experiences I've decided to venture into publishing and writting, while also continuing to learn many new things daily. I hope you enjoy reading my hand picked PICANTE News and check back for my weekly articles. You can find my articles and news digests in the following categories:


FOOD & BEVERAGES, ANIMALS/PETS, ANIMAL WELFARE, CANNABIS, ENTERTAINMENT, HEALTH CARE/HOSPITALS, CONSUMER & COSMETICS, ART, HEALTH AND LIFESTYLE, ALTERNATIVE ENERGIES, BEVERAGES, ALTERNATIVE MEDICINE, COSMETICS AND PERSONAL CARE, AGRICULTURE, and many more.



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Analysis

Global White Chocolate Market Report 2019

Betty Tűndik

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Reading Time: 2 minutes

 

The “Global White Chocolate Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The white chocolate market will register a CAGR of nearly 2% by 2023.

The rising adoption of white chocolate in diverse application sectors will continuously impact the market growth positively. Owing to factors including negligible caffeine content and smoother buttery texture compared to other variants, there has been an increasing awareness about the different applications of white chocolate among the consumers. This will eventually, foster the market growth considerably in the upcoming years.

Market Overview

Rising adoption of white chocolate in diverse application sectors

One of the growth drivers of the global white chocolate market is the rising adoption of white chocolate in diverse application sectors. The growing demand for white chocolate as an ingredient across applications is expected to drive the adoption of white chocolate globally.

Rising demand for substitute products

One of the challenges in the growth of the global white chocolate market is the rising demand for substitute products. The growth of the global white chocolate market is hindered by the rising demand for and popularity of its substitutes such as milk chocolate, ruby chocolate, and dark chocolate.

Competitive Landscape

The market appears to be moderately fragmented with the presence of several market players. Vendors in the global white chocolate market have been frequently launching campaigns and promotional activities to attract consumers. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Market segmentation by product
  • Comparison by product
  • White chocolate bars – Market size and forecast 2018-2023
  • White chocolate bulk – Market size and forecast 2018-2023
  • White chocolate truffles – Market size and forecast 2018-2023
  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • Europe – Market size and forecast 2018-2023
  • North America – Market size and forecast 2018-2023
  • APAC – Market size and forecast 2018-2023
  • South America – Market size and forecast 2018-2023
  • MEA – Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Increasing popularity of organic, gluten-free, and vegan white chocolates
  • Rising trend of premiumization of white chocolate
  • Promotional activities and campaigns featuring white chocolates

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Chocoladefabriken Lindt & Sprungli AG
  • Mars, Incorporated and its Affiliates
  • Mondelez International
  • Nestle
  • The Hershey Company

PART 14: APPENDIX

For more information about this report visit:

https://www.researchandmarkets.com/r/gktb1x

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

 

SOURCE: Research and Markets

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Analysis

SIEM Vendors Expand Growth Opportunities by Incorporating Technologies Enabling Predictive Functions

Vlad Poptamas

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Reading Time: 2 minutes

 

Security Information and Event Management (SIEM) vendors have begun to inject greater versatility into their platforms as well as incorporate new security functionalities and analyst-friendly dashboards. Also, managed SIEM providers are offering cloud-hosted SIEM solutions to lower the per customer cost-to-serve to penetrate the SMB market.

These advances will drive the $1.98 billion global SIEM market toward $3.23 billion by 2023. “SIEM 3.0, with its high degree of automated response and remediation, can detect malicious threats attempting to penetrate the environment and automatically perform actions to thwart attackers’ advances,” said Mauricio Chede, Senior Industry Analyst, Digital Transformation. “The integration of several functionalities, such as user & entity behavior analytics (UEBA), security operation and automation response (SOAR), and forensic analysis, is essential to effectively compete in the SIEM market.”

Frost & Sullivan’s recent analysis, Security Information and Event Management (SIEM)—Global Market Analysis, Forecast to 2023, examines the market drivers, restraints, and market distribution channels of the SIEM market. It presents revenue forecasts and key findings to help participants make the most of the market potential. The study covers the four product types of physical appliancevirtual appliance, software, and Software-as-a-Service (SaaS).

For further information on this analysis, please visit: http://frost.ly/3cf

“SIEM vendors are currently focusing on enhancing incident detection and response (IDR) by employing machine learning to diminish the high rates of false positives generated by SIEM tools,” noted Chede. “They are also aiming to provide SIEM integration with external threat intelligence and forensic capabilities.”

In 2018, North America accounted for 65% of the SIEM market; EMEA, 20% percent; APAC, 12%; and Latin America, 4%. Growth opportunities will materialize by:

  • Automating the platform to increase the reliability of alert analysis and improve security analyst productivity.
  • Employing the cloud for multi-tenancy and distributed administrative functions.
  • Building a data lake to receive the logs from other security tools and then correlating and analyzing them to block advanced or unknown attacks with less human intervention.
  • Ensuring compliance with global and local data protection regulations.
  • Equipping channel partners with an effective go-to-market strategy so they can transform their sales motion from selling product to solving business problems.

Security Information and Event Management (SIEM)—Global Market Analysis, Forecast to 2023 is part of Frost & Sullivan’s global Cybersecurity Growth Partnership Service program.

 

SOURCE Frost & Sullivan

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Analysis

Global Vegan Cheese Markets 2019-2023 – Growing Awareness of Lactose-Intolerant Conditions is Driving the Market

Betty Tűndik

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Photo by Beverly Buckley - edited by Picante.today
Reading Time: 2 minutes

 

The “Global Vegan Cheese Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The analysts have predicted that the vegan cheese market will register a CAGR of nearly 8% by 2023.

The growing awareness of lactose-intolerant conditions is the key factors driving the global vegan cheese market growth. The sales of dairy products have been adversely affected by the increasing incidences of lactose intolerance across the globe. Therefore, consumers are buying dairy alternative products such as almond milk, vegan cheese, and vegan margarine. This will increase the sales of vegan cheese and is expected to fuel the growth of the global vegan cheese market during the forecast period.

Market Overview

An increasing number of organized retailing outlets worldwide

One of the growth drivers of the global vegan cheese market is the increasing number of organized retailing outlets. Supermarkets make fresh and ready-to-consume packaged vegan food and beverages such as plant-based milk alternatives and vegan cheese easily accessible to consumers.

High price and limited awareness

One of the challenges in the growth of the market is the high price of vegan cheese compared to conventional dairy cheese. In addition, the awareness among consumer for vegan cheese is limited, especially in the European market. Such factors will hamper the vegan cheese market growth during the forecast period.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several vendors. The vendors in the market are expanding their distribution channels, which will improve the sales for the market. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

Key Topics Covered: 

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

PART 06: CUSTOMER LANDSCAPE

PART 07: GEOGRAPHIC LANDSCAPE

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 08: MARKET SEGMENTATION BY SOURCE

  • Market segmentation by source
  • Comparison by source
  • Soy milk – Market size and forecast 2018-2023
  • Almond milk – Market size and forecast 2018-2023
  • Rice milk – Market size and forecast 2018-2023
  • Other milk alternatives – Market size and forecast 2018-2023
  • Market opportunity by source

PART 09: MARKET SEGMENTATION BY VARIANT

  • Market segmentation by variant

PART 10: CUSTOMER LANDSCAPE

PART 11: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • Key leading countries
  • Market opportunity

PART 12: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 13: MARKET TRENDS

  • Increasing number of new product launches
  • Rising investments in vegan cheese sector
  • Rising focus on strengthening supply chain and expansion of production capacities

PART 14: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 15: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Bute Island Foods Ltd
  • Market segmentation by variant
  • GreenSpace Brands
  • Otsuka Holdings Co., Ltd.
  • Violife

PART 16: APPENDIX

SOURCE: Research and Markets

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