Marketing Research Project
To get started, I conducted several in-depth interviews to gather initial qualitative insights into consumer perceptions of prebiotics and Poppi's products. These interviews revealed some key findings:
Building on these initial insights, I designed a comprehensive survey using Qualtrics to quantify consumer interest in prebiotic gummies. The survey reached 200 participants through the Rep Data Panel, with questions on prebiotic knowledge, Poppi usage, interest in gummies, packaging preferences, pricing perceptions, and demographics.
The survey revealed several notable findings:
From this data, it was clear that there was a strong demand for a prebiotic gummy product, especially among Poppi's existing consumer base. However, the research also highlighted the need for Poppi to invest in ensuring that the gummies provide tangible health benefits to earn and maintain consumer trust.
Based on these insights, I recommended that Poppi proceed with the development and launch of a prebiotic gummy product. Here’s what I suggested to Poppi: Focus on Health Benefits: To build consumer trust, significant investment in research and development is crucial to ensure the gummies deliver advertised health benefits. Target Audience: Initial marketing efforts should focus on middle-aged women with incomes over $30,000. A follow-up survey directed at young adults (18-25) would help gain more insights into this segment's preferences. Pricing Strategy: Launch the gummies at $15.99 for 20 pouches, balancing quality perception and affordability. Flavor and Packaging: Introduce cherry-flavored gummies in easy-to-open pouches, aligning with consumer preferences, and gradually expand to other flavors like orange and grape.
This project was an incredible learning experience, as it showcased the power of combining qualitative and quantitative research methods to make data-driven decisions. Here are some key takeaways:
This project not only deepened my understanding of market research methodologies but also reinforced the importance of translating consumer insights into actionable recommendations. I’m excited to see how Poppi could leverage this research to differentiate its product line and potentially expand its market reach!