So far in our 2023 MegaTrends recap series, we’ve explored how consumers seek wellness through food (“Eatopia”) and how they’re refocusing on health by looking at new ways of eating and supporting their mental health. We also saw that personalization is still going strong but is now driven by the performance consumer, with help from wearable technologies.
In Part 4 of our series, we dive into the Authenticity MegaTrend. This is actually a refinement of an earlier MegaTrend encompassing sustainability. We’re seeing pushback by consumers over “greenwashing”—the use of unsubstantiated sustainability messaging as a marketing technique. Authenticity, whether it’s around environmental, social, or other missions, is becoming essential to winning consumers’ trust.
Transparency and Sustainability
As a top concern globally among consumers, sustainability is one of the important trends underlying the Authenticity MegaTrend. But sustainability must go hand in hand with transparency. We’re now seeing a number of major food and beverage companies, from Nestle to Pepsico, publicly reporting both their environmental targets and their progress.
This matters a lot to consumers. In fact, outside of the government, consumers think food manufacturers should be doing the most to provide leadership in addressing climate change, not to mention farmers and even food distribution companies. Even if consumers aren’t tracking it themselves, they may listen to influencers who do, and this helps them know which brands they should support.