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1. Granola in Global Emerging Markets:


              1.5 What’s Working / Not Working






          KEY TAKE-OUT
                                                              What's Working
          Granola Food addresses
             the three key RTEC

               barriers of taste,                   • The food:  (premium sector)
           naturalness and Satiety
                                                           • Natural – Ingredients & grains


                                                           • Taste – Different colours & textures
          Brands that have driven
              channel expansion                            • Satiety – A “Big Eat” perception
          through the correct pack
           price architecture have                         • Bright ingredient (Fruit) colours appeal
                      grown
                                                               to consumers and drive health

                 Lack of global                                credentials
          procurement and supply
          chain solutions failing to
            unlock economies of
                       scale                        • Adult & all family appeal





                                                    • Rapid growth with massive headroom





                                                    • Good geographic footprint – 40 Countries





                                                    • Masterbrand / food fit with new middle


                                                        pillar “Sustained Energy”
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