Does the "dairy case" in your local supermarket include rows of shelves with alternatives like soy milk and almond milk?
The increase in number and variety of non-dairy milk products illustrates the "sneakerization" of this market--meaning the proliferation of multiple products for microtargeting niche or microniche consumer segments. Ever-finer market segmentation for targeting small niches interested in specific types of products/benefits, in other words.
Even calling these products "___milk" can be controversial. But despite industry efforts like the long-running "Got Milk?" campaign (which morphed into "Milk Life"), consumption of traditional dairy milk is not going up.
In fact, many consumers are seeking out milk alternatives for health, nutrition, and lifestyle reasons.
Consumers are paying attention to these non-dairy milks and seeking out new choices, boosting demand for what was once a tiny niche. This is changing the makeup of the industry. For instance, adapting to this trend toward proliferation of non-milk products, one former dairy producer now makes peanut milk.
Sneakerization of this market means more competition among non-dairy milk products AND milk products, all seeking to improve market share, sales, and profitability.
Marketing analysis, opinion, and links by Marian Burk Wood, author of Pearson Education's "The Marketing Plan Handbook."
Showing posts with label sneakerization. Show all posts
Showing posts with label sneakerization. Show all posts
Sunday, May 20, 2018
Thursday, August 14, 2014
Entrepreneurs Run with Sneakerization
Entrepreneurial marketers like Bucketfeet and Lechal are taking advantage of the ongoing trend toward sneakerization, the development of hundreds of niche markets within a particular product category. The obvious example is sneakers, which used to be canvas shoes with rubber soles, usually equipped with laces. If you were lucky, you had a (limited) choice of colors.
Today, of course, there's no such thing as a prototypical sneaker. Thanks to sneakerization, there are shoes for every sport, activity, season, age, personality, lifestyle, climate, you name it.
Bucketfeet shows sneakerization in action for the niche of people who want to wear art on their feet. The company recruits artists from around the world and pays them royalties based on sales of sneakers bearing their art.
Bucketfeet shoes are now in Nordstrom as well as being sold directly to customers online from the Bucketfeet site.
Buzz is important for young brands, and Bucketfeet is active on Pinterest, among other social media networks. The brand's slogan is "We believe art is for everyone." But the shoes also have functional benefits that appeal to buyers, as shown at left.
Lechal is taking a different approach. It's segmenting the market by technology involvement. Lechal sneakers are designed with Bluetooth built in so wearers can track their activity and be guided on foot to walking destinations via data from Google Maps.
Originally designed for visually-impaired wearers, Lechal shoes (the brand means "let's go") appeal to the wearer's sense of design and personality as much as to his or her preference for cutting-edge tech gadgetry. Navigation, fitness tracking, fashion--all in one shoe.
Today, of course, there's no such thing as a prototypical sneaker. Thanks to sneakerization, there are shoes for every sport, activity, season, age, personality, lifestyle, climate, you name it.
Bucketfeet shows sneakerization in action for the niche of people who want to wear art on their feet. The company recruits artists from around the world and pays them royalties based on sales of sneakers bearing their art.
Bucketfeet shoes are now in Nordstrom as well as being sold directly to customers online from the Bucketfeet site.
Buzz is important for young brands, and Bucketfeet is active on Pinterest, among other social media networks. The brand's slogan is "We believe art is for everyone." But the shoes also have functional benefits that appeal to buyers, as shown at left.
Lechal is taking a different approach. It's segmenting the market by technology involvement. Lechal sneakers are designed with Bluetooth built in so wearers can track their activity and be guided on foot to walking destinations via data from Google Maps.
Originally designed for visually-impaired wearers, Lechal shoes (the brand means "let's go") appeal to the wearer's sense of design and personality as much as to his or her preference for cutting-edge tech gadgetry. Navigation, fitness tracking, fashion--all in one shoe.
