Private label food products continue to garner favor with consumers. In a study release June 1, 2012, by
Perception Research Services found that 86% of consumers buy Private Label
products on a regular basis.
In fact, in two particular cases consumers go out of their way to buy
private label. Yes, those two cases were
Trader Joe’s and Whole Foods each known for high quality distinctive
offerings. The study suggests that with
proper innovation and focus, private label products can and do create value
while positioning a chain as a shopping destination with consumers.
Trader Joe’s and Whole Foods have created ready-2-eat and heat-N-eat fresh
prepared food items with qualitative differentiation as an entity with identity
that has help propel them into this private label leadership.
Last year industry wide several new food categories moved into the top tier
of private label products in large part to rapid rate of growth they were:
- Soft Drinks
- Frozen Meals
- Salty snacks
- Cookies
Consumers are now
looking for private label products as a personal preference. This is a dramatic change from just 10 years
ago when consumer simply wanted to save a few $ cents. Fresh prepared
ready-2-eat food has helped evolve this niche.
Both Whole Foods and Trader Joe’s are benefiting from early leadership.
Outside eyes can deliver top line sales
and bottom line profits. Invite Foodservice
Solutions® to complete a grocerant program assessment, brand, product placement
or positioning assistance. Since 1991 Foodservice Solutions® of Tacoma, WA has
been the global leader in the Grocerant niche visit Facebook.com/Steven
Johnson, Linkedin.com/in/grocerant or
twitter.com/grocerant
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