New Product Development Project
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Transcript of New Product Development Project
Organic Boost
Super foodChristian Karlsson & Eve Phan
Consumer Trends in Food Supplements
Key drivers: Health and Life ConsciousnessSelf- medication & Prevention
Population Age Shift
2015 2030
Magda - Sales supervisor
WomenAge: 40-55
UK
Health conscious
Commit to a relatively active and a sportive
life
Targeting Customer
• Mixable with water
• Diverse brand line portfolio
• Various size options
• Enforced immune system
• Preventive from cardiac-related diseases
• Essential protein
• Good taste
• Satisfaction & personal achievement
• Energy boost
• Revolutionize the super food market
• Health conscious for middle-aged female adults
• Change of mindset for the elderly
Attributes Functional Benefits
Emotional benefits
Transformative Benefits
Organic BoostSuper food™
Attributes Functional Emotional Transformative
Product Development
Discounts Nutrition plans
Building Long-term
Relationship Reliable and fast delivery
Free for monthly subscriptions
Deliver Product
Customer reviews & feedback
Updating new product lines
Customer Satisfaction
Enhancing daily performance
Ensured intake of essential nutrition
Customer Needs
Physical stores Social Networks E-commerce
sites
Informing customers
Marketing Strategy
Visual Recommendation
Psychological Pricing Subscription Benefits
Competition Pricing Quantity Discount
Pricing Strategy
Online Consumer Behavior
First Awareness via Pre-
Purchased Research
• Online via website or app: 70%
• In a store, shop, showroom: 20%
First Awareness via Advertising
• Television: 60%• Online: 13%
Purchase Locations
• Store: 49%• Online: 43%
Devices Used for Purchase
• Computer: 82%• Tablet: 15%• Smartphone: 3%
Physical Store Sales
Natural food store sales
Informing quickly and
inexpensively
E-commerce sites
G&G website exclusively offering
nutritional plan
Internet Sales & Marketing
Strategic Alliance
Organic BoostSuper food
™
Thank you
Q&A