The Better Homes and Gardens Best New Product Awards (BNPA)
program has revealed its top winners for 2010, in tandem with
research and insights from its companion second annual BrandSpark
American Shopper Study.
Conducted by Toronto-based independent market research firm
BrandSpark International, the study polled over 50,000 consumers to
uncover insights in such areas as recessionary shopping behavior,
healthy eating, future spending priorities, private labels vs.
premium brands, organic and natural foods, environmental
accountability, and money-saving strategies. BrandSpark's research
was used to compile the winners of the 2010 Best New Product
Awards, for which consumers voted on 135 products, with 42 winners
selected from 55 manufacturers.
Among the winners of the second annual awards lineup were Best in
Health & Beauty Category and Best in Show: Olay Professional
Pro-X Wrinkle Protocol; Best in Food & Beverage Category:
Yoplait Smoothie; and Best in Household Care Category: Cascade
Complete All-in-1 Action Pacs. A complete list of winning products
is available at www.BestNewProductAwards.biz.
"Better Homes and Gardens and BrandSpark have teamed up once
again to bring these survey results to marketers and help them
understand how consumers are behaving in these unprecedented
times," said James Carr, VP, group publisher of the New York-based
consumer lifestyle magazine, which boasts a circulation of 7.6
million and a readership of almost 40 million. "We expect these
insights to help them make informed decisions on how to reach and
influence today's principal shoppers."
At a New York breakfast presented last week by the consumer
publication, BrandSpark president and CEO Robert Levy, founder of
the BNPA, will present key findings on the topic of "Recession
Impact: More Americans Eating at Home, Not Time Crunched as in
Previous Years."
"We can see the impact of the recession on attitudes toward the
environment and health -- with both losing ground in terms of
importance," observed Levy. "[E]ven so, the vast majority of
Americans (69 percent) still like trying new products. People have
made a big shift to eat at home more, and as a result are spending
more time and money in the grocery store. Finding new products that
really deliver is more important than ever, especially with
shoppers demanding greater value for money."
In addition to the 69 percent of Americans who said they like
trying new products, 66 percent agreed that they "enjoy cooking for
myself and my family," while only 23 percent said that they "often
don't have time to cook," and just 23 percent of Americans agree
that they "would be happy to never have to cook."
When it comes to the brands U.S. consumers are buying,
"[u]nderstandably, Americans want more value for their dollar,"
noted Levy, "and many are turning to private label or in-store
brands to deliver. Although consumer perception of private label
quality has decreased slightly, more Americans are still buying
private label brands vs. premium brands as they perceive they offer
extremely good value for money."
In fact, 59 percent of Americans think that private label or
in-store brand products are just as good as brand-name products,
and 66 percent believe that private label offers usually extremely
good value for money. Additionally, 56 percent of Americans have
bought more private label products in the past 12 months.
The study also showed that green consciousness continues to rise
among consumers. "Over the past number of years, we have seen
environmental accountability grow to be a major concern for
American consumers," said Levy. "However, we have also seen the
impact of the economy on environmental attitudes."
While 77 percent of those polled still feel that companies are
exploiting environmentally friendly claims for marketing purposes,
52 percent of Americans believe it's important for a new product to
be better for the environment, a decline from 63 percent in last
year's study. Packaging was singled out as a top concern, with 75
percent saying manufacturers still have a long way to go to reduce
the amount of packaging they use.
"Healthy living is still an important concern for Americans," says
Levy. "Consumers want products with added health benefits, and they
are willing to pay more for products that will help to prevent
illness. One of the most interesting things we're seeing is a
rising consumer confidence in food safety." The study found that 71
percent of Americans want products that offer healthier options,
but that 61 percent of consumers said they were concerned about
food safety, down from 71 percent last year.
Regarding the ongoing debate on whether to buy natural or organic
products, 50 percent of American consumers think "it is important
that a new product is made from all-natural ingredients," and 37
percent believe that "it is more important to me that a product is
natural than organic." "Part of this can be explained by consumer
skepticism," explained Levy. Among consumers who didn't buy organic
products, 39 percent said they "don't trust that all products
labeled as organic are actually organic," and that they "are
confused by what the term 'organic' actually guarantees."
"It appears that further consumer education is required in the
natural-vs.-organic debate," recommended Levy.
Conducted Oct. 12 through Dec. 8, 2009, the BrandSpark American
Shopper Study asked key questions about individual product appeal,
intent to repurchase, consumer confidence level and expected future
spending habits, among other insight-provoking queries. This year,
winners came from such categories as cereal, juice, ice cream,
anti-aging skin care, oral care, shampoo and household cleaners.
Each category had a minimum of three products from at least two
separate manufacturers. To win, the product had to have the highest
combined score on repurchase intent among those who had previously
bought the item, and product appeal.
Source: Progressivegrocer.com







