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CONSUMER&
BRANDBrandKPIs
for
ready-made-food:Hormel
in
the
United
StatesConsumer
Insights
reportDecember2024Discover
your
Brand
KPI
scores.
Benchmark
against
competitors
and
measureyour
brand’s
marketimpactIntroduction:
studydetailsThe
reportMethodologyThisreport
hasbeen
created
usingthe
datafromStatista’sConsumer
InsightsBrand
KPIs.Thereportprovides
you
with
key
consumer
insightsandbenchmarks
forabrand’sperformance
againsttheindustryoverall
and
theircompetitors.Design:OnlineSurveyDuration:
approx.
15
minutesLanguage:official
language(s)
ofeach
country
withAmerican
Englishoffered
asanalternativeRegions:Brazil,Germany,
India,
Mexico,
U.S.
and
UKNumberofrespondents:approx.
7500Ourdataallows
you
tomeasure
each
brand’spositioninthe
market
bycreating
aprofile
usingStatista’s5key
performance
indicators.
Which
are:
awareness,popularity,consumption,loyalty,andmedia
buzz.Sample:
Internet
users,
aged18
-64,
quotasset
ongender
and
ageThisreport
is
basedon
Hormel’s
performance
intheready-made-food
market.Fieldwork:April-July
2024Ifyou
would
liketofind
out
more
abouttheConsumerInsightsatStatista
or
theBrandProfiler,
please
clickthe
linkbelow.2Notes:Forthis
report
“Usage”indicates
the
specific
“Consumption”Sources:
Statista
Consumer
Insights
Global,
asofDecember202481%
of
Hormel
consumers
display
loyalty
towards
the
brandIntroduction:
key
insightsWhodoesthebrandappeal
to?How
doesthebrandperform
inthemarket?•Hormel’s
branding
resonates
more
with
Millennials•Hormel
generally
appealstomen
more
than
women•Hormel
ranksninth
inawareness
within
the
ready-made-food
market•Thepopularity
ratingof
Hormel
is38%•Among
Hormel
enthusiasts,28%
fallunderthe
high-income
category•Hormel
ranksoutsidethe
Top
10
inconsumption•Consumers
want
theirready-made-food
brandstohavehighvalue,authenticity,and
honesty
/trustworthiness•Interms
of
loyalty,Hormel
is
outsidetheTop10
inthe
United
States•Hormel
hasascore
of15%
formedia
buzz3Sources:
Statista
Consumer
Insights
Global,
asofDecember2024CHAPTER
01Brand
profileInthissection,
we
show
the
demographics
and
attitudesof
consumers
who
saytheylikethisbrandversus
the
share
ofindustryusers.
Thechapteraimsto
bringclarity
tocompanies
who
want
to
know
whotheirbrandingiscurrently
appealingtoand
what
theythinkaboutthe
industry.4Loyalty
is
the
highest
scoring
KPI
forHormel
at
81%Brand
profile:
snapshotBrand
performance
of
Hormel
inthe
UnitedStates81%74%38%31%15%AwarenessPopularityUsageLoyaltyBuzz5Notes:Ready-made-food
‘awareness’,‘popularity’,
‘consumption’,
‘loyalty’
and
‘buzz’
by
brand;
Multi
pick;
Base:n=1,249,
all
respondents
(awareness),
n=927,
respondents
who
know
the
individual
brand
(popularity),
n=927,respondents
who
know
the
individual
brand
(consumption),
n=285,
respondents
who
have
consumed
the
individual
brand
(loyalty),
n=927,
respondents
who
know
the
individual
brand
(buzz)Sources:
Statista
Consumer
Insights
Global,
asofDecember2024Hormel’s
branding
resonates
morewith
MillennialsBrand
profile:
consumer
demographics
(1/3)Measuring
attitudesand
opinions
among
generationshelpsidentifyyourtarget
audience
foryournextcampaigns.Share
ofgenerations42%Withthatinmind,when
looking
atthe
shareofconsumers
who
likeHormel
bygeneration
versus
theshareof
industryusers
ingeneral,
we
cansee
thatHormel
islikedby15%
of
Baby
boomers
and34%
ofGen
Xers,
whereas
thetotalshare
ofindustryusers
is11%
and
28%,
respectively.36%34%28%25%ForMillennials
andGen
Z,
42%
and
9%
feel
positivelytowards
Hormel,
versus36%
and25%.
Socurrently,forHormel,
Millennials
connect
most
with
theirbrandcompared
to
theoverall
industryuser.15%11%9%Gen
ZMillennialsGen
XBaby
BoomerBrand
enthusiastIndustryuser6Notes:“How
oldareyou?”;Single
Pick;“When
it
comestoready-made-food,
which
ofthe
following
brands
do
youlike?”;Multi
Pick;Base:n=348,
Hormelenthusiast,
n=1,143,
ready-made-food
consumersSources:
Statista
Consumer
Insights
Global,
asofDecember2024Hormel
generally
appeals
to
men
more
than
womenBrand
profile:
consumer
demographics
(2/3)GenderTheGender
splitbetween
brandenthusiastsof
Hormel
shows
thatwomen
are
lesslikely
to
haveanaffinitywith
the
brandcompared
to
men.LGBTQIA+statusUnderstanding
and
respecting
thediverse
needsandidentitiesof9%11%87%consumers
is
becoming
more
and
moreimportant,notjustfrom
asensitivitypointof
view,
but
also
fromrecognizingpotential
businessopportunities
thatcome
withinclusivity
and
diversity.
Andcurrently,
Hormel
hasalowerproportion
of
LGBTQIA+
consumerswhen
compared
tothe
industryusers
ingeneral.47%53%53%
ofmen
likeHormel
compared
to47%
ofwomen,
whereas
fortheoverallindustry,50%
of
women
consume
ready-made-food
compared
to
50%
of
men.50%50%91%9%
of
Hormel
enthusiastsconsiderthemselves
to
bepartof
the
LGBTQIA+community
compared
to11%
amongindustryusers
overall.Brand
enthusiastFemaleIndustryuserMaleBrand
enthusiastIndustryuserNot
givenYesNo7Notes:“What
is
yourgender?”;Single
Pick;“Doyouconsider
yourself
partofthe
LGBTQ+community?”;
Single
Pick;
“When
it
comes
to
ready-made-food,
which
ofthe
following
brands
do
you
like?”;Multi
Pick;Base:
n=348,
Hormelenthusiast,
n=1,143,
ready-made-food
consumersSources:
Statista
Consumer
Insights
Global,
asofDecember2024Among
Hormel
enthusiasts,
28%
fall
under
the
high-income
categoryBrand
profile:
consumer
demographics
(3/3)HouseholdincomeThegraphillustratestheannualhousehold
income
distribution
amongenthusiastsof
thebrand
andconsumerswithin
the
industry.HouseholdtypeThechartshows
thehousehold
type,takinginto
account
factorssuchashousehold
size,
familystructure,
andthe
number
ofchildren.25%24%Single28%31%37%32%16%18%CoupleSingleparentNuclear28%
ofHormel
enthusiastsare
fromhigh-income
households.Hormel’s
brandisgenerally
enjoyedmore
byconsumers
who
arepartof
anuclearhousehold,
22%
of
Hormelenthusiastshavethiscurrent
livingsituation.12%11%40%22%16%Multi-generational5%4%14%19%31%ExtendedOther7%7%Brand
enthusiastIndustryuserLowHighMediumBrand
enthusiastIndustryuser8Notes:Recode
based
on’’Monthly/annual
household
income
(local
currency)’’;Single
Pick;Typology
basedon
’’household
size’’,
’’household
constellation’’
and
’’children
under
the
ageof14
in
household’’;
Single
Pick;“When
it
comesto
ready-made-food,
which
ofthe
following
brands
do
youlike?”;Multi
Pick;Base:
n=348,
Hormelenthusiast,
n=1,143,
ready-made-food
consumersSources:
Statista
Consumer
Insights
Global,
asofDecember2024Consumers
want
their
ready-made-food
brands
to
have
high
value,authenticity,and
honesty
/
trustworthinessBrand
profile:
qualitiesQualitiesconsumerswant
from
ready-made-food
brandsForready-made-food,
the
top
threequalitiesconsumers
wantfrom
abrandarehighvalue,authenticity,andhonesty/trustworthiness.Authenticity60%Thrill/ExcitementSustainabilityBoldnessCleverness40%20%0%Hormel
consumers
alsoappreciatethese
key
attributes,indicatingHormelexudes
thesequalities.SocialresponsibilityCoolnessThequalitiesthatHormel
enthusiastsareleast
focused
on
arethrill/excitement
andinclusiveness.ReliabilityExclusivityHormel
should
work
on
promotinghonesty
/trustworthiness
toconvertenthusiastsintoowners.InnovationInclusivenessFriendlinessHighvalueHonesty/trustworthinessIndustryuserBrandenthusiastBrandowner9Notes:“When
it
comesto
ready-made-food,
which
ofthese
aspects
are
mostimportant
to
you?”;Multi
Pick;“When
it
comesto
ready-made-food,
which
ofthe
following
brands
do
youlike?”;Multi
Pick;“When
it
comesto
ready-made-food,
which
ofthe
following
brands
have
youconsumed
in
the
past
12
months?”;
Multi
Pick;Base:n=285,
Hormelconsumers’,
n=348,
Hormelenthusiast,
n=1,143,
ready-made-food
consumersSources:
Statista
Consumer
Insights
Global,
asofDecember2024Among
Hormel
fans,
34%
state
that
they
get
excited
about
ready-made-foodproductsBrand
profile:
attitudesWhat
doconsumersthink
ofready-made-food
ingeneral?49%43%34%32%30%28%28%25%24%22%22%17%Sustainability
is
Ivaluealow
priceimportant
to
me
over
highqualityIamwellinformedIrely
onbrands
Iget
excited
about
IliketotalkaboutIknow
and
trust
ready-made-food
topicsrelating
toproductsready-made-foodBrand
enthusiastIndustryuser10
Notes:“Which
ofthese
statements
about
ready-made-food
do
youagree
with?”;
Multi
Pick;“When
it
comesto
ready-made-food,
which
ofthe
following
brands
do
youlike?”;Multi
Pick;Base:n=348,
Hormelenthusiast,
n=1,143,ready-made-food
consumersSources:
Statista
Consumer
Insights
Global,
asofDecember2024CHAPTER
02Brand
KPIs
&
benchmarkingInthischapter,youcansee
howabrandperforms
againsttheirmaincompetitors
inthe
marketplace.Thissection
allows
benchmarking
ofthekey
performance
indicatorsfrom
the
brandprofile
againsttheindustryasawhole
andotherindustryleaders.1181%
of
Hormel
consumers
display
loyalty
towards
the
brandBrand
KPIs
&benchmarking:
IndustrycomparisonBrand
performanceWhen
itcomes
to
ready-made-food,
the
averageawareness
ofabrandinthe
United
Statesis62%.Awareness
ofHormel,
however,
isat74%.Awareness38%
ofU.S.
ready-made-food
consumers
say
theylikeHormel,
compared
to
anindustryaverage
brandpopularity
of40%.31%
ofindustryconsumers
intheUnited
Statessaythey
consume
Hormel,
with
theaverage
consumptionof
abrand
at34%.BuzzPopularity81%
ofbrandconsumers
say
theywould
consume
thebrandagain,compared
toanaverage
loyalty
score
of81%.Hormel
hasbeen
noticed
less
inthemedia
comparedtootherbrands,with
a“Buzz”
score
of
15%
comparedto20%.LoyaltyBrandUsageIndustryaverageSooverall,
the
results
showtheir
performance
tobeinconsistent
compared
to
theindustry.12
Notes:Ready-made-food
‘awareness’,‘popularity’,
‘consumption’,
‘loyalty’
and
‘buzz’
by
brand;
Multi
pick;
Base:n=1,249,
all
respondents
(awareness),
n=927,
respondents
who
know
the
individual
brand
(popularity),
n=927,respondents
who
know
the
individual
brand
(consumption),
n=285,
respondents
who
have
consumed
the
individual
brand
(loyalty),
n=927,
respondents
who
know
the
individual
brand
(buzz)Sources:
Statista
Consumer
Insights
Global,
asofDecember2024Hormel
ranks
ninth
in
awareness
within
the
ready-made-food
marketBrand
KPIs
&benchmarking:
awarenessSummaryAwarenessofHormelRank#
BrandAwareness
%Driving
recognition
will
lead
to
growing
yourcustomerbaseand
measuring
brandawareness
isakeycomponent
toachieve
this.Withthisscore,
you
cangaugethe
current
market
presence
ofabrand,understandthebrand’svisibility,competitiveness,
andrecognition
among
theirtarget
audience.
Further
tothis,itisaperfect
way
toassess
yourcurrentmarketing
strategies.1Kraft90%87%85%84%83%79%75%75%74%73%2Campbell'sPanera
BreadChef
BoyardeeStouffer's26%345Usingtheconcept
of
aided
brand
recognition,
showingrespondents
both
the
brand’slogo
andthe
writtenbrandname,we
asked:
“Doyou
know
thisbrand,
evenifonly
byname?”.6Banquet7Lean
CuisineHealthy
ChoiceHormel74%8Outofallrespondents,
74%
were
aware
of
Hormel.Thisranksthemninth
compared
toother
brandssurveyed
inthismarket.9AwarenessN/A10Marie
Callender's13
Notes:“Doyouknow
this
brand,
evenif
only
by
name?”;Multi
Pick;
Base:
n=1,249,
all
respondents
(awareness)Sources:
Statista
Consumer
Insights
Global,
asofDecember2024The
popularity
rating
of
Hormel
is
38%Brand
KPIs
&benchmarking:
popularitySummaryPopularity
ofHormelRank#
BrandPopularity%ThepopularityKPIisagreat
indicatorof
brandperception
among
current
andpotentialfuturecustomers.
Thesocial
proof
provided
byahigh
scorecansignifyhow
trustworthy
abrandisandinfluenceconsumer
engagement.
Brandswith
alarge
engagedfollowing
canoften
enjoy
higherlevels
of
advocacyandloyalty.1Campbell'sKraft58%53%50%50%49%49%48%43%42%39%23Stouffer's38%4BanquetOutofconsumers
who
knew
thebrand,
38%
saidtheyliked
Hormel.
ThisranksthemoutsidetheTop10compared
to
other
brandssurveyed
inthismarket.5Marie
Callender'sChef
BoyardeeBird´sEyeMaruchanKnorr662%789PopularityN/A10Healthy
Choice14
Notes:“When
it
comesto
ready-made-food,
which
ofthe
following
brands
do
youlike?”;Multi
Pick;Base:n=927,
respondents
who
know
the
individual
brand
(popularity)Sources:
Statista
Consumer
Insights
Global,
asofDecember2024Hormel
ranks
outside
the
Top
10
in
consumptionBrand
KPIs
&benchmarking:
consumptionSummaryConsumption
ofHormelRank#
BrandUsage
%51%Afterpopularity,we
want
tocover
thevalueactiongapsotounderstandifthe
brandwas
alsobeingconsumed,
we
asked
each
respondent:
“Whenitcomes
to
ready-made-food,
which
ofthefollowingbrandshaveyou
consumed
inthe
past12
months?”.1Campbell'sKraft246%31%3Banquet45%Outofconsumers
who
knew
thebrand,
31%
saidtheyconsumed
Hormel.
ThisranksthemoutsidetheTop10
compared
toother
brandssurveyed
inthismarket.4MaruchanStouffer's43%542%6Chef
BoyardeeMarie
Callender'sBird´sEyeKnorr41%740%69%838%936%UsageN/A10Healthy
Choice32%15
Notes:“When
it
comesto
ready-made-food,
which
ofthe
following
brands
have
youconsumed
in
the
past12
months?”;
Multi
Pick;Base:
n=927,
respondents
who
know
the
individual
brandSources:
Statista
Consumer
Insights
Global,
asofDecember2024In
terms
of
loyalty,
Hormel
is
outside
the
Top
10
in
the
United
StatesBrand
KPIs
&benchmarking:
loyaltySummaryLoyalty
ofHormel’s
consumersRank#
BrandLoyalty
%89%Afterascertaining
the
consumption
ofabrandinthelast12
months,the
next
most
important
indicatorisbrandloyalty.
Thisscore
allows
ustoestablishwhether
abrandisperforming
well
inregard
tocustomer
retention.
Measuring
brandloyaltyestablishes
aclear
feedback
loop
with
customers,providing
valuableinsightsinto
customer
satisfactionandpreferences.
Itis
alsoapowerful
predictor
tohelpguidemarketing
strategies
and
forecast
futuresalesandrevenue
more
accurately.1Stouffer's19%2Amy´sKitchenKraft88%386%4Chef
BoyardeeMaruchan86%586%6Banquet85%Tomeasure
the
loyalty
of
theseconsumers
we
askeach
respondent:
“When
itcomes
to
ready-made-food,which
of
the
following
brandsareyou
likely
toconsume
againinthefuture?”.7Campbell'sPanera
BreadMarie
Callender'sBird´sEye85%884%81%983%Outofrespondents
whohaveconsumed
Hormel,
81%saidthey
would
consume
the
brandagain.LoyaltyN/A1083%16
Notes:“When
it
comesto
ready-made-food,
which
ofthe
following
brands
are
youlikely
to
consume
againin
the
future?”;
Multi
Pick;Base:n=285,
respondents
who
have
consumed
the
individual
brand
(loyalty)Sources:
Statista
Consumer
Insights
Global,
asofDecember2024Hormel
has
a
score
of
15%
for
media
buzzBrand
KPIs
&benchmarking:
buzzSummaryBuzzofHormelRank#
BrandBuzz%34%Isthebrand
hot
or
not?Isitcausingastirinthemediaandonline,tofind
thisoutwe
asked
each
respondent:“Whichof
the
following
brandshaveyounoticed
inthemedia,on
social
media,or
inadvertising
inthepast3months?”.1Campbell'sKraft15%229%3ChefBoyardeeAnnieChunPanera
BreadBanquet28%Outofconsumers
who
knew
thebrand,
15%
saidtheyhadheardaboutHormel
inthe
media.
This
ranksthemoutsidetheTop10
compared
to
other
brandssurveyed
inthismarket.426%526%625%7Bird´sEyeAmy´sKitchenDevour24%823%85%923%BuzzN/A10Healthy
Choice21%17
Notes:“Which
ofthe
following
brands
have
younoticed
in
the
media,
onsocial
media,
orin
advertising
in
the
past3months?”;
Multi
Pick;
Base:
n=927,
respondents
who
know
the
individual
brand
(Buzz)Sources:
Statista
Consumer
Insights
Global,
asofDecember2024STATISTACONSUMER
INSIGHTSUnderstand
what
drivesconsumersGainabetterunderstandingofconsumers,brands,andmarkets.Withthe
Statista
Consumer
Insights,
youget
access
tostreamlinedmarketresearchtoolsandallresultsofthe
exclusiveStatista
surveys.
Leverage
consumerinsightstomakedata-drivendecisions
andunlocknewgrowth
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