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NATHANIEL BAO AKANKSA CHAUBAL MICHELLE LI ANDERS BJELLA CHRISTINA CHEN JANE TAN
16
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Page 1: Marketing Research pt.2 - Cult Yogourt

NATHANIEL BAOAKANKSA CHAUBALMICHELLE LI

ANDERS BJELLACHRISTINA CHENJANE TAN

Page 2: Marketing Research pt.2 - Cult Yogourt

ABOUT THE COMPANY

Founded in 2013 by two McGill graduates and couple

Eloise and Adam

Montreal-based

Food &

Flavor

Brand&

Fermentation

Page 3: Marketing Research pt.2 - Cult Yogourt

You deserve well cultured yogurt.“ ”

ABOUT THE COMPANY

LOCALLY PRODUCED

QUEBEC  MILK

GOURMET FLAVOURS

EUROPEAN GLASS JARS

Pure NaturePlum Star AniseVanilla ChaiCaramel Sea SaltKey Lime Tart

Strawberry BergamotCafe CardamomMaple PecanApricot Lavender  

DISTRIBUTION CHANNELS

Restaurant: DiabolissimoDeliveryCatering – Yogurt Bar

140 mL (4.75 oz) glass jars with foil seals: $3.25

Page 4: Marketing Research pt.2 - Cult Yogourt

TARGET MARKET

TARGET CHANNELS

(wholesale) (retail)

(18-34) (18-49) (health-conscious) (eco-friendly)

Page 5: Marketing Research pt.2 - Cult Yogourt

Organic & Greek yogurt saw growth

in past 10 years

Organic dairy market+7% per year

Fragmented market= Low barriers to entry

COMPETITORSENVIRONMENT

Page 6: Marketing Research pt.2 - Cult Yogourt

RESEARCH OBJECTIVES

ChannelWhere should Cult sell their yogurt?

ProductWhat type of products are consumers interested in?How can packaging be modified to appeal to more consumers?

PromotionHow to get consumers to know about Cult Yogurt?

Page 7: Marketing Research pt.2 - Cult Yogourt

8 female, younger demographics (18-24)

8 female, older demographic (25-34)

12 males, younger demographics (18-24)

Two in-depth interviews: •  Female age 20•  Female age 27

1.

2.

3.

4.

FOCUS GROUP: DETAILS

Page 8: Marketing Research pt.2 - Cult Yogourt

FOCUS GROUP: DETAILS

Introduction

General snacking habits

Yogurt purchasing behavior

Introduce Cult

Blind taste test: Cult vs. Liberté (plain-flavor Greek)

Cult flavor sampling (plum star-anise)

Packaging observations

Pricing feedback

Placement suggestion & intention to purchase Cult

Page 9: Marketing Research pt.2 - Cult Yogourt

FINDINGS: TASTE

Creamier, thicker, more consistent.

Less sour than Liberté.

Strange cheese aftertaste.

Women overall preferred Cult, while men were split.

Plain Flavor

Changed participants’ perception dramatically.

Younger demographics generally preferred flavors.

Older women were more indifferent.

Cult with Plum Star-Anise Flavor

Page 10: Marketing Research pt.2 - Cult Yogourt

FINDINGS: PACKAGING

Very favorable towards the glass look.BUT concerns about breakage/sealability.

Logo was universally praised.

Most groups liked the one liter jar option as it saved money.BUT concerns about expiration date.

Page 11: Marketing Research pt.2 - Cult Yogourt

FINDINGS: INTENTION TO PURCHASE

Channel Suggestions

High-end cafés

Niche grocery stores

Farmer’s market

Artisanal or pre-made food section of supermarkets.

Intention to purchase

A spontaneous purchase product.

Willingness to pay decrease significantly if placed in supermarket.

Very drawn to the aesthetics.

Page 12: Marketing Research pt.2 - Cult Yogourt

FINDINGS: PROMOTION

Brand awareness is currently very low, despite social media presence.

Very narrow distribution.

Favorable towards the eco friendly, locally produced vibe.BUT not enough to persuade purchase.

Page 13: Marketing Research pt.2 - Cult Yogourt

RECOMMENDATIONS: CONSUMER PREFERENCE

Offer a parfait option.

Introduction of a “green” individual serving (recycled, more lightweight, less breakable) for grocery stores.

Include the nutritional facts on the packaging.✔

Page 14: Marketing Research pt.2 - Cult Yogourt

RECOMMENDATIONS: DISTRIBUTION

✔Increase distribution channels to include more retail outlets that align with Cult’s image.

High-end cafesOrganic/fair trade establishment

Consumer’s willingness to pay increase when it’s placed next to equal/higher priced items

Page 15: Marketing Research pt.2 - Cult Yogourt

RECOMMENDATIONS: PROMOTION

✔ Continue leveraging social media.Instagram campaign once their product is out in retail.

Advertise their “Yogurt Bar” - voted “Wedding Trend of the Year”Push it for events (i.e. wedding, festivals, conferences)Free sampling at image-relevant locations

Page 16: Marketing Research pt.2 - Cult Yogourt

Thank you