Health and wellness, safety, social impact, experience, and transparency are all factors 51 percent of consumers weigh when determining which food items to purchase, according to a joint study from the Grocery Manufacturers Association (GMA), Food Marketing Institute (FMI), and consulting firm Deloitte.
The study, “Capitalizing on the Shifting Consumer Food Value Equation,” [PDF] found these new factors influence purchasing decisions in addition to traditional drivers like taste, price, and convenience.
There’s a shift in the way people think about food safety. “Americans no longer define the concept of food safety based on near-term risks to their health,” a joint news release said.
According to the survey, 75 percent of consumers include health, wellness, and transparency in their definition of food safety. Other factors consumers included in their definition of food safety: free from harmful ingredients (62 percent); clear and accurate labeling (51 percent); and fewer ingredients, processing, and no artificial ingredients (42 percent).
“Today’s consumers have a higher thirst for knowledge than previous generations and they are putting the assessment of that information into their value equation,” said GMA Operations and Industry Collaboration Senior Executive Vice President Jim Flannery. “Brands that win with consumers will likely be those that provide the information they seek, well beyond what is on the label.”