Private label: Evolution of premium in food and beverages

Euromonitor report into premium segmentation in private label.
  • As post-lockdown ‘revenge consumption’ dissipates in the face of tough economic realities, consumers are looking to move to private label.
  • Premium provides retailers with an opportunity to segment their owned product ranges to cater to different audiences, but premium offerings must be balanced with more affordable ranges.
  • Retailers will use premium private label to penetrate niches occupied by established brands, and consumers will appreciate these cheaper alternatives.
  • Private label is an opportunity for retailers to cultivate loyalty and is also a space in which to build sustainability credentials....

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