Success Case Study: Whole Earth Peanut Butter
"Success Case Study: Whole Earth Peanut Butter" is part of GlobalData's Successes and Failures research. It examines the details of and reasons behind the success of the Whole Earth brand in the UK and its core peanut butter product. It delivers the critical "what?", "why?", and "so what?" analysis to teach you crucial lessons that increase your chances of launching successful products.
Much attention has been paid in recent years to products positioned around "new" health concerns faced by consumers. With consumers now comfortable with being able to distinguish between healthy and unhealthy products, manufacturers are taking the next step by slowly inculcating ethical and environmental responsibilities into purchasing habits. This coincides with consumers becoming "greener," boosted by government initiatives and campaigns by brands.
- Consistent values and an associated focus on core products rather than heavy diversification have major benefits in terms of building a solid foundation. The limitations of a small business were arguably beneficial for much of Whole Earth's history, creating a stable foundation that benefited from generating credibility among its consumer base.
- Wessanen's acquisition of the Whole Earth brand serves as another example of the value of buying into the natural/ethical space for FMCG businesses. The long-standing brand identity and values noted left provided an ideal basis for an acquisition by a new parent that shared many of the same motivations at the core of its business model.
- A greater challenge exists for brands outside the natural/organic/ethical sphere trying to buy into it. This often fuels consumer skepticism over the buyer's influence and the consequences for the brand's integrity. Buyers in such a market need to be committed to protecting the values of their acquisitions if credibility is to be sustained.
Reasons to buy
- Reduce the risk of failure by learning from brands/products that have under-performed: failed innovation can severely impact profit and reputation.
- Understand the relevant consumer trends and attitudes that drive and support innovation success so you can tap into what is really impacting the industry.
- Gain a broader appreciation of the fast-moving consumer goods industry by gaining insights from both within and outside of your sector.
- Access valuable strategic take-outs to help direct future decision-making and inform new product development.
Table of Contents
About this research
Summary: Whole Earth peanut butter
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.