Private Label Alcoholic Beverage Trends: Post-Downturn Implications and Opportunities - Market Research Report on Aarkstore Enterprise Introduction Private label has witnessed continued growth, with own brands displacing national brands both in stores and in consumers' consideration set. Wider availability and growing sophistication has led to growing acceptance and trust. The economic downturn has reinforced private labels as a credible, yet cheaper alternative to branded goods, driving awareness and trial across demographic groups. Features and benefits * Utilize product, consumer and market insight intelligence to better evaluate the important strategic considerations that private label growth brings * Understand the scale and growth of the private label alcoholic beverage opportunity by sector and country, split by category level * Access insightful proprietary consumer opinion data highlighting the prevailing attitude towards private label alcoholic drinks versus national brands * Identify and capitalize on the ten trends characterizing contemporary private label alcoholic beverage product development and marketing * A dedicated focus on alcoholic beverages for more specific and salient insight Highlights The economic downturn led to changes in shopping patterns that will remain in the long termâ€”the adoption of private label being a pertinent example of this. In 18 of the 20 countries covered in Datamonitor's consumer research, more than 40% of respondents said that opting for private label to save money has become more important over 2008-10 Own label market shares vary markedly by country/region. Developed markets in Europe and North America have maintained their position as the leading private brand markets, but growth is evident elsewhere as emerging market retailers grow big enough to achieve the economies of scale that helps facilitate private label development Nearly half of consumers across 20 countries in Datamonitor's consumer research bought more private label in 2009-10. While some migration back to national brands will occur as economic circumstances improve, Datamonitor anticipates it will be less than the private label gain in many alcoholic drink categories Your key questions answered * What are the key trends driving consumers' propensity to purchase private label alcoholic beverage products? How do they vary by country? * What are the 10 NPD and marketing trends reflecting own brand development in consumer packaged goods? * What private label alcoholic beverage product formats represent the biggest promise/threat to national brands?
* What are consumers' perceptions of private label alcoholic beverages compared to national brands? How do these perceptions influence where they shop? * What has been the impact of the economic recession on consumers' propensity to purchase private label products? How might this change going forward? Table of Contents : Overview 1 Catalyst 1 Summary 1 Executive Summary 2 In many countries and segments, private label is outperforming the category as market penetration follows an upward trajectory and more shoppers embrace store brands 2 Obtaining value for money, including through the consumption of private labels, is a deeply embedded priority for alcoholic beverage shoppers 3 Consumers are forming more favorable perceptions of private label alcoholic drinks, which reduces the perceived compromise associated with switching to own label 4 Favorable perceptions of private label alcoholic drinks means that they can often be 'destination brands' driving grocery store choice and satisfaction 5 Private labels are being used in more sophisticated ways to aid retail branding 6 Actions for manufacturers 7 Actions for private labelers 7 THE FUTURE DECODED 19 INTRODUCTION: The growth of private label across sectors is one of the most pervasive trends influencing consumer packaged goods 19 Private label growth can be attributed to both ‘consumer pull’ and ‘manufacturer push’ 20 TREND: In many countries and segments, private label is outperforming the category as market penetration follows an upward trajectory and more shoppers embrace store brands 22 Growing numbers of shoppers are turning to private labels and many intend to continue doing so 23 Private label is accounting for an increasing amount of grocery spend, including alcoholic drinks, across most countries 27 Private label alcoholic drink spending still accounts for a relatively low percentage of the overall private label market in a given country 31 For some-more information, Great fully visit: http://www.aarkstore.com/reports/Private-Label-Alcoholic-Beverage-Trends-PostDownturn-Implications-and-Opportunities-69068.html
Published on Mar 21, 2011
Private label has witnessed continued growth, with own brands displacing national brands both in stores and in consumers' consideration set....