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iNewtrition Using Marketing and Consumer Insights in Product Innovation

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iNewtrition Using Marketing and Consumer Insights in Product Innovation

Meeting consumer needs when designing and developing your food and/or beverage product is critical to your product's success in the future and brands have a lot of power in their ability to change consumer emotions, so this presentation looks at some of the areas in the product development journey from the perspective of marketing and consumer insights.

Meeting consumer needs when designing and developing your food and/or beverage product is critical to your product's success in the future and brands have a lot of power in their ability to change consumer emotions, so this presentation looks at some of the areas in the product development journey from the perspective of marketing and consumer insights.

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iNewtrition Using Marketing and Consumer Insights in Product Innovation

  1. 1. The Use of Marketing and Consumer Insights for Product Innovation Raphaëlle O’Connor, Ph.D. info@inewtrition.com
  2. 2. Meeting Consumer Needs & Expectations Consumers often cope with the bombardment of ads, billboards, commercials, and packaging by paying attention to some messages, and ignoring others, due to individual and unique experiences, biases, and desires. The messages that receive attention can often end up influencing consumers differently from what the brand intended. Globally, 64% of consumers read labels on food packages.
  3. 3. The clean label trend, along with a growing consumer desire for natural products with short ingredients lists, has been accelerated by studies linking the consumption of ultra-processed food with non-communicable diseases.
  4. 4. Mention that the ingredients are a reason to buy a product. Associate clean label products with ‘good for you’. Trust the EU when regulating safety standards for food and drinks. The Clean Label Trend Closely read labels before consumption. Agree that processed plant protein food is as bad as processed meat. Are open to changing their eating habits for the environment. Worry about the effect of artificial ingredients on their health.
  5. 5. Health-driven Innovation Targets • The rise of social media, and fast and on-the-go lifestyles, have influenced the amount of stress and anxiety consumers deal with. • Consumers are looking to make sacrifices and take additional measures today, rather than seeking treatment for issues at a later stage. • More and more consumers are seeking to combat their sedentary lifestyles, as well as portray themselves as healthy and fit individuals. Mental Health Sleep Quality Prevention rather than treatment Fitness Management
  6. 6. Brands can balance a person’s need to feel unique, with the desire to be part of communities of like- minded individuals. • Food and drink brands can offer stressed consumers escape, peace, and further emotional connections through product rituals: • Empower personal expression through passion for food and drink. • Establish communities where consumers can tie their identities. • Influence consumers to do good.
  7. 7. Meeting Consumer Expectations WTP, WTB, WOM, NPS Unhealthy perception, brand distrust, customer dissatisfaction Did you know that brand loyalty can dictate how well your product performs?
  8. 8. Together We Can! • Understand your consumer’s pains, gains and expectations. • Measure and increase your Net Promoter Score with healthy innovation. • Provide USP’s that enhance attitudinal and behavioral brand loyalty, such as:  Healthiness  Safeness  Convenience  Transparency  Clarity  Familiarity Product- market fit
  9. 9. What does success look like to you? info@inewtrition.com

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