Bread In The United States 2008 - Few Consumers Identify Themselves As Brand Loyal But Approximately 40% Buy The Same Brand(S) Regularly
Fri Jul 18, 1:46 PMDUBLIN, Ireland--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/a27152/bread_in_the_unite) has announced the addition of the "Bread in the United States 2008" report to their offering.
This report focuses on the fresh, frozen and refrigerated bread market. Besides presenting sales data on a segment-by-segment basis, the report analyzes a range of topics with an eye towards how this market will evolve, including the following:
- How have diet trends influenced the bread market and are these effects long-lasting?
- What are consumers looking for when they buy bread? Do consumers understand and believe the nutritional claims proliferating in this category?
- How have rising prices impacted consumer choices in this market?
- How big is the bread market and how are individual segments performing? What factors are driving growth?
- What strategies can bread manufacturers and marketers implement to combat the decline in bread usage? Reposition bread as a snack? Take back breakfast?
- What are the opportunities for private label brands in a price-conscious environment?
- How are consumers shopping in this category? Few consumers identify themselves as brand loyal but approximately 40% buy the same brand(s) regularly.
Key Topics Covered:
Scope and Themes
Definition
Data sources
Sales data
Consumer survey data
Abbreviations and terms
Abbreviations
Terms
Executive Summary
Bread market reached $18.5 billion in 2007
Rising prices may lead to bargain hunting
Fragmented market
Innovation focused on healthy and premium offerings
Bread consumers want it allnutrition, taste, and value
Nutrition and health
Taste
Price
Market Size and Forecast
Key points
Bread still recovering from low-carbohydrate diet fad
Sales gains driven by higher prices
Bread forecast
Figure 2: Total U.S. sales and forecast of bread, at current prices, 2002-12
Figure 3: Total U.S. sales and forecast of bread, at inflation-adjusted prices, 2002-12
Wal-Mart sales
Competitive Context
Key points
Increase in dollar sales driven by price increases
Impact of low-carbohydrate diet fad is twofold
Expanded meal options both in and outside of the grocery store
Figure 4: FDMx volume and dollar sales of fresh bread, 2002-07
Figure 5: U.S. FDM sales of refrigerated foods, at current and inflation-adjusted prices, 2002-07
Segment Performance
Key points
Wholegrain movement rolls into new segments
Figure 6: New bread products with wholegrain claims, 2002-07
Figure 7: FDMx U.S. sales and forecast of bread at current prices, by segment, 2002-12
Figure 8: FDMx U.S. sales of bread, by segment, 2005 and 2007
Segment PerformanceFresh Sandwich Bread
Key points
Volume sales continue to decline while bread prices skyrocket
Figure 9: U.S. FDMx volume sales and average price of fresh sandwich bread, 2002-07
Figure 10: U.S. FDMx sales and forecast of fresh sandwich bread, 2002-12
Segment PerformanceFresh Rolls, Buns and Croissants
Key points
Volume declines turn around in 2007
Figure 11: U.S. FDMx volume sales and average price of fresh rolls/buns/croissants, 2002-07
Figure 12: U.S. FDMx sales and forecast of fresh rolls, buns, and croissants, 2002-12
Segment PerformanceTortillas and Taco Shells
Key points
Product innovation and popularity of Mexican cuisine drive growth
Diet trends have lesser impact compared to other types of bread
Figure 13: U.S. FDMx sales and forecast of tortillas and taco shells, 2002-12
Segment PerformanceBagels and English Muffins
Key points
Sales rebound, thanks to end of low-carbohydrate diet craze and innovation
Figure 14: U.S. FDMx volume sales and average price of English muffins, 2002-07
Figure 15: U.S. FDMx volume sales and average price of bagels/bialys, 2002-07
Figure 16: U.S. FDMx sales and forecast of fresh bagels/bialys and English muffins, 2002-12
Segment PerformanceFrozen and Refrigerated Breads
Key points
Frozen fresh-baked bread drives growth
Figure 17: U.S. FDMx sales and forecast of frozen and refrigerated bread, 2002-12
Retail Channels
Key points
Figure 18: Bread purchases in the last two weeks, by channel, May 2008
Figure 19: FDMx U.S. sales of bread, by retail channel, 2005 and 2007
Retail ChannelsSupermarkets
Key points
Economic uncertainty provides opportunity for store brands
Figure 20: U.S. sales of bread in supermarkets, 2002-07
Retail ChannelsNatural Food Stores
Key points
Natural channel relies on niche, quality brands
Figure 21: Natural product supermarket retail sales of bread, at current and inlfation-adjusted prices, 52 weeks ending April, 2006-08
Market Drivers
Grocery prices are rising
Private label is growing
Economic uncertainty leads to more meals at home
Figure 22: Spending at restaurants compared to last year, by age, January 2008
Aging population seeks healthier, pricier products
Figure 23: Population, by age, 2002-12
Smaller households result in lower bread sales
Figure 24: Households, by size, 1996-2006
Consumers turning to healthier products
Figure 25: Purchasing of bread with health claims in the last year, May 2008
Leading Companies
George Weston Bakeries leads market in sales
Sara Lee fights to grow market share
Interstate Bakeries Corp. seeks a buyer
Flowers Foods watches sales blossom
Bimbo USA leverages healthy eating trend
Campbells Pepperidge Farm outpaces the competition
Figure 26: Sales of leading bread companies, 2005 and 2007
Brand ShareFresh Bread
Key points
Product innovation is key to success
Private label poised for growth
Figure 27: FDM brand sales of sandwich bread in the U.S., 2005 and 2007
Brand ShareFresh Rolls, Buns and Croissants
Key points
Whole grains hit the segment in full force
Figure 28: FDMx brand sales of fresh rolls in the U.S., 2005 and 2007
Brand ShareTortillas and Taco Shells
Key points
Leading brands drive innovation
Figure 29: FDMx brand sales of tortillas in the U.S., 2005 and 2007
Brand ShareEnglish Muffins, Bagels and Bialys
Key points
George Weston Bakeries dominates the segment and continues to grow
Small player Oroweat makes huge gains
Figure 30: FDMx brand sales of English muffins and bagels/bialys in the U.S., 2005 and 2007
Brand ShareFrozen and Refrigerated Bread
Key points
Private label makes strong gains
Share shifts among leading suppliers
Figure 31: FDMx brand sales of frozen and refrigerated bread in the U.S., 2005 and 2007
Brand Qualities
Pepperidge Farm
Sara Lee
Natures Own
Oroweat
Innovation and Innovators
Key points
Figure 32: Top ten companies, ranked by number of new bread and bread products, 2006-May 2008
Wholegrain leads new products
Figure 33: New bread and bread products featuring wholegrain claim, 2003-08
Functional bread is here
Natural and organic bread
Portion control arrives
Private Label
Figure 34: New product claims for bread and bread products, 2006-08
Advertising and Promotion
Overview
Natures Own
Figure 35: Natures Own television ad, 2007
Figure 36: Natures Own television ad, 2007
Healthy Life
Figure 37: Healthy Life television ad, 2007
Bread Usage
Key points
Usage of bread products
Figure 38: Usage of bread products, by race/ethnicity, January-November 2007
Figure 39: Usage of bread products, by presence of children in household, January-November 2007
Trended usage of bread products
Figure 40: Usage of bread products, 2003-07
Types of bread used
Figure 41: Types of bread used, 2003-07
Amount of Bread Used in Household
Key points
Trended frequency of use
Volume of bread used in household by key demographics
Households with children eat more loaves of bread per week
Figure 42: Number of loaves consumed by household in last week, by presence of children in household, January-November 2007
Black and Hispanic consumers eat more bread per week than average
Figure 43: Number of loaves consumed by household in last week, by race/ethnicity, January-November 2007
Lower-income households are heavy bread consumers
Figure 44: Number of loaves consumed by household in last week, by household income, January-November 2007
Brand Preferences for Bread
Key points
Popularity of bread brands
Figure 45: Use of bread brands, by race/ethnicity, January-November 2007
Brand Preferences for English Muffins
Key points
Popularity of English muffin brands
Figure 46: Use of English muffin brands, by race/ethnicity, January-November 2007
Attitudes and Motivations
Key points
Purchase of bread with health claims
Figure 47: Types of bread purchased in the last year, by age, May 2008
Figure 48: Types of bread purchased in the last year, by region, May 2008
Price is a barrier for BFY products
Figure 49: Types of bread purchased in the last year, by household income, May 2008
What bread consumers want
Figure 50: Most important qualities when purchasing bread, May 2008
Perceptions of brand names vs. Private label bread
What are consumers buying? Private label or name brand?
Figure 51: Types of bread purchased in last year, by age, May 2008
Value drives private label bread purchases
Figure 52: Perceptions of branded and private label bread, May 2008
Consumers see prices increasing and are cutting back on spending
Figure 53: Perceptions of branded and private label bread, May 2008
Consumer attitudes about health and nutrition
Americans are trying to eat better but many are confused
Figure 54: Attitudes toward health/nutrition of bread, May 2008
Appendix: Other Useful Consumer Tables
Trended bread consumption in the last week
Figure 69: Mean number of loaves consumed by household in last week, 2002-07
Figure 70: Number of loaves consumed by household in last week, by age, January-November 2007
Types of bread used
Figure 71: Types of bread used, by race/ethnicity, January-November 2007
Brands of bread used
Figure 72: Use of bread brands, by income, January-November 2007
Appendix: Trade Associations
Companies Mentioned:
- George Weston Bakeries
- Sara Lee
- Interstate Bakeries Corp.
- Flowers Foods
- Bimbo USA
- Campbells Pepperidge Farm
- Oroweat
- Natures Own
- Healthy Life
For more information visit http://www.researchandmarkets.com/research/a27152/bread_in_the_unite
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