NorthSide was approached to identify key consumption spaces and demand attributes for the identified consumption spaces to help build a strategic growth plan for a market leader playing in a competitive food and beverage category.
NorthSide Approach
- Gathered and analyzed more than 1.5 million consumer purchase and demand data points using cloud-based software analytics.
- Segmented the data into more than 10 consumption spaces for the brand.
- Identified specific product demand attributes that define the reason why consumers consume the product in a particular consumption space.
- Validated the findings through offline research covering more than 10 cities in India.
- Using the findings, NorthSide was able to identify 10+ distinct consumption spaces that the brand could tap into to drive growth and innovation using its brand equity.
Key Insight
- Consumers use products and their variants for various needs such as enhancing their health, enhancing taste, and cultural reasons that meet their functional and emotional needs.
Results
- NorthSide’s analysis enabled the client to pinpoint over 10 specific consumption spaces.
- NorthSide’s recommendations helped inform the client’s strategic roadmap, ensuring that product offerings align with evolving consumer demands and position the brand for growth in a competitive market.