A mid-sized FMCG company wanted to leverage its core brand equity to enter new categories and diversify its portfolio. With a limited but focused distribution network, the company needed to identify categories that aligned with its existing channels,
complemented its brand image, and offered long-term profitability and scalability.
NorthSide was engaged to appraise, select, and incubate high-potential category opportunities, guiding the brand’s strategic growth.
NorthSide Approach
- Identified a new category with significant potential for the brand.
- Analyzed 22,000 consumer transactions using cloud-based software to size and segment the category.
- Segmented the category based on various criteria, including source, benefits, price, and usage occasions.
- Identified key physical attributes that consumers use to assess quality and source.
- Developed a product concept that leveraged the brand’s equity to meet consumer needs.
- Helped design the 7Ps framework for the product launch.
- Successfully took the product to a commercial launch.
Key Insight
Consumers are seeking proof points but are willing to pay a premium for high-quality products that ride on the core equity of the brand
Results
- Identified and validated a new category where the company could enter and gain a competitive advantage.
- Developed the opportunity by segment sizing, pricing, and validating the right to succeed through consumer research.
- Assisted the client in designing the 7Ps for the launch, including developing the packaging, communication, and go-to-market strategy.
- Took the project from concept to launch within 6 months.
- Within 3 months of launch, the product was rated 4.5 stars out of 5, the highest in its category.