Marketing Plan BL
.docx
keyboard_arrow_up
School
Oregon State University, Corvallis *
*We aren’t endorsed by this school
Course
590 580
Subject
Marketing
Date
Feb 20, 2024
Type
docx
Pages
25
Uploaded by BornWild
MARKETING PLAN - Beyond Meat
Section 1: Introduction
This marketing plan presents a comprehensive analysis of Beyond Meat's current business environment and outlines a strategic plan to ensure its long-term success. By assessing both external and internal factors, this plan aims to guide Beyond Meat in capitalizing on opportunities, navigating challenges, and solidifying its position as a leader in the plant-based meat industry.
Section 2: External Analysis
Beyond Meat has various opportunities in the market. The plant-based meat market is rapidly growing, providing a wide potential customer base for the company. Furthermore, Beyond Meat
can explore untapped markets like Asia, which offer significant opportunities for acquiring new customers and driving growth. Strategic partnerships with foodservice chains, retailers, and influencers can expand the company's reach and enhance brand awareness. Another opportunity lies in product innovation by diversifying products and flavors to cater to diverse consumer preferences and stay ahead of the competition. Leveraging advancements in food science and technology can also improve cost-effectiveness and product quality for Beyond Meat. Additionally, the growing demand for plant-based alternatives creates a favorable market environment for the company to capitalize on.
Despite these opportunities, Beyond Meat also faces several threats. The intense competition from established and emerging players poses a challenge to the company's market share. Consumer price sensitivity and concerns about processed ingredients can impact consumer perception and preference, potentially affecting Beyond Meat's market position. Regulatory hurdles, including government regulations and labeling restrictions, may hinder the company's operations and growth. Additionally, campaigns against plant-based alternatives by the traditional meat industry can create obstacles for Beyond Meat. Waning consumer interest due to novelty fatigue or negative media coverage is another potential threat. Furthermore, the emergence of lab-grown meat as a future disruptor and growing scrutiny around sustainability claims in the plant-based industry could pose challenges for Beyond Meat. Lastly, global economic uncertainties, inflation, and supply chain disruptions are macroeconomic factors that can impact both operations and consumer spending.
Beyond Meat has ample opportunities in the expanding plant-based meat market, but it must navigate through various threats. To capitalize on these opportunities, the company should focus
on strategic partnerships, expanding into new markets, continuing product innovation, and leveraging technological advancements. Addressing consumer concerns related to pricing, ingredients, and sustainability while adapting to changing consumer preferences and economic conditions will be essential for Beyond Meat's long-term success.
Section 3: Internal Analysis
Beyond Meat has several strengths in its marketing activities. The company effectively targets key segments such as flexitarians, health-conscious consumers, and environmentally conscious individuals, which are experiencing significant growth. Beyond Meat's ability to replicate the taste and texture of real meat attracts a broader range of consumers beyond just vegans and
vegetarians. The company's focus on innovation and differentiation through research and development and unique manufacturing processes gives them a competitive edge. Beyond Meat's commitment to sustainability and ethical practices resonates with consumers who value environmentally friendly products. Their multi-channel marketing strategy, including digital marketing, influencer partnerships, and public relations, effectively reaches their target audience and increases brand awareness.
However, Beyond Meat also faces some weaknesses in its marketing activities. The company may encounter price sensitivity issues as rising costs could lead to price hikes that impact cost-
conscious consumers, particularly during economic downturns. Additionally, Beyond Meat's limited distribution channels, primarily relying on major retail chains, limits their reach to smaller stores, independent grocers, and underserved areas. The company has also underutilized traditional advertising platforms such as television and print, potentially missing out on opportunities to reach a wider audience. The messaging of Beyond Meat could be broadened to not only emphasize health and sustainability but also to highlight the taste and satisfaction of their products, appealing to a wider range of consumers. The company's lack of collaborations with chefs and restaurants prevents them from tapping into new customer segments through popular dining experiences.
Beyond Meat has several strengths in its marketing activities, including a targeted audience focus, a meat-like experience, innovation and differentiation, sustainability and ethical commitment, and a multi-channel marketing strategy. However, it is crucial for the company to address weaknesses such as price sensitivity, limited distribution channels, underutilization of traditional advertising, narrow messaging, and the lack of restaurant collaborations. By addressing these weaknesses, Beyond Meat can position itself for long-term success and reach a wider audience.
Section 4: Recommendations
Section 4.1: Positioning Strategy
In this section, we'll outline the positioning strategy for Beyond Meat, including the target market, value proposition, competitive differentiation, and brand identity decisions. This strategy
aims to achieve Beyond Meat's objective of becoming the leading plant-based meat brand for consumers seeking delicious, sustainable, and impactful food choices.
Positioning Statement:
Beyond Delicious: Savor the taste you love, embrace a kinder future. Indulge in plant-powered Beyond Meat, the flavorful and innovative choice for a healthier you, a happier planet, and a more compassionate world.
Brand Description:
Beyond Meat is your delicious gateway to a future filled with goodness. We craft plant-based meat that tantalizes your taste buds with craveable flavors and satisfying textures, indistinguishable from the meat you love. But the goodness doesn't stop there. By choosing Beyond Meat, you're making a positive impact:
Healthier you: Fuel your body with high-quality protein and essential nutrients, while enjoying lower fat and cholesterol compared to animal meat.
Happier planet: Reduce your environmental footprint by choosing a plant-based option that requires less land, water, and energy to produce.
More compassionate you: Embrace animal welfare by choosing a cruelty-free alternative that aligns with your ethical values.
Beyond deliciousness, Beyond Meat offers transparency and innovation. We use simple, clean ingredients and are constantly developing new products to meet your evolving needs. Join us in shifting the world to a kinder future, one delicious bite at a time.
Section 4.1a: Target Market
General Demographics:
The core lies in the 25-45 age bracket, encompassing environmentally and health-conscious millennials and Gen Z. While income skews above average, the focus transcends mere purchasing power. These individuals prioritize aligning their dietary choices with their values, making them receptive to premium, ethically sourced options. Notably, the target market isn't monolithic; flexitarian women are a key segment, but health-conscious men and families are equally important, reflecting the growing inclusivity of plant-based choices.
Geographics:
While the focus lies on developed countries with high disposable income and growing plant-
based interest, particularly North America and Europe, Beyond Meat doesn't stop there. Targeting urban areas with higher concentrations of environmentally and health-conscious consumers is key. However, their ambition extends beyond, encompassing global expansion into
new markets exhibiting rising demand for plant-based options.
Psychographics: Environmental consciousness stands out as a defining characteristic. These consumers yearn for sustainable food choices, driven by concerns about animal agriculture's impact. Health is another
powerful motivator, with a focus on protein-rich options that are lower in fat and cholesterol. Yet, taste remains paramount. They're open to trying new things, but only if the plant-based experience rivals the sensory satisfaction of meat. Convenience is crucial too, as these individuals juggle busy lifestyles and seek solutions that seamlessly integrate into their routines. Finally, ethical considerations often play a role, with animal welfare concerns influencing their purchasing decisions.
Behavior:
This target market isn't just thinking green, they're acting on it. Many have already embarked on reducing their meat consumption, driven by various motivations. They're familiar with and open to exploring plant-based alternatives, evident in their purchase of plant-based milk, yogurt, or other products. This openness extends to actively seeking healthier options by reading labels and researching ingredients. Their lifestyle is balanced, encompassing cooking at home, occasional dining out, and engaging with social media, offering diverse touchpoints for Beyond Meat to connect.
Benefits Sought:
When it comes to plant-based meat, there are several benefits that consumers seek beyond just taste, health, sustainability, ethics, and convenience. These additional benefits include:
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
1. Nutritional Variety:
- Micronutrients: Consumers are interested in the specific vitamins, minerals, antioxidants, and essential nutrients offered in plant-based meat products. Highlighting these nutritional benefits can cater to specific dietary needs, such as providing iron-rich options for athletes.
- Fiber Power: Emphasizing the importance of fiber for gut health, digestion, and overall well-
being can appeal to health-conscious consumers.
- Clean Ingredients: Promoting clean labels with recognizable, plant-based ingredients that consumers can trust can enhance the appeal of these products.
2. Personalized Appeal:
- Functional Benefits: Offering plant-based meat options tailored to specific needs, such as energy levels, muscle recovery, or cognitive function, can attract consumers looking for personalized benefits.
- Allergen-Friendly: Highlighting gluten-free, soy-free, or nut-free options can cater to individuals with dietary restrictions.
- Cultural Nuances: Developing plant-based meat varieties that cater to diverse cultural preferences and cuisines can attract a wider range of consumers.
3. Sensory Experience:
- Texture Versatility: Going beyond ground "meat" and offering diverse textures like pulled, shredded, or plant-based seafood alternatives can provide consumers with more options for culinary creativity.
- Flavor Innovation: Introducing unique flavor profiles and spice combinations that surprise and delight consumers can enhance their sensory experience.
- Culinary Inspiration: Providing recipes and cooking tips that help people integrate plant-
based meat into their favorite dishes can make the transition to plant-based eating easier and more enjoyable.
4. Community and Impact:
- Transparency and Traceability: Sharing the story behind ingredients and sourcing can build trust and connection with consumers who value transparency and traceability.
- Social Impact: Highlighting partnerships with communities, farmers, or environmental organizations can appeal to consumers who are interested in supporting businesses that have a positive impact.
- Educational Outreach: Offering resources and information about the benefits of plant-based eating and sustainable practices can help educate consumers and promote the adoption of plant-
based diets.
While taste remains paramount for plant-based meat, addressing these additional benefits can enhance the overall appeal of these products. By delivering an experience that rivals the sensory satisfaction of conventional meat, providing health benefits, showcasing sustainability and ethics, and offering convenience, Beyond Meat can capture the attention and loyalty of a wide range of consumers.
Personas:
Key personas to consider:
1. The "Flexitarian":
Age: 25-45
Diet: Primarily meat-eating, but actively reducing meat consumption for health, environmental, or ethical reasons.
Values: Taste, health, convenience, and sustainability.
Needs: Plant-based meat options that taste like familiar favorites, are easy to prepare, and
fit seamlessly into their existing diet.
Example: A busy young professional who enjoys burgers but wants to cut back on meat for health and environmental reasons.
2. The "Health-Conscious":
Age: 35-55
Diet: Focused on healthy eating and balanced nutrition.
Values: Health, sustainability, and ethical sourcing.
Needs: Plant-based meat options that are low in fat, cholesterol, and potentially enriched with specific nutrients to fit their dietary needs.
Example: A middle-aged parent looking for healthier protein alternatives for their family.
3. The "Eco-Warrior":
Age: 18-35
Diet: Open to diverse diets, with a strong focus on sustainability and environmental impact.
Values: Sustainability, ethical sourcing, and animal welfare.
Needs: Plant-based meat options that demonstrably reduce their environmental footprint and have transparent, ethical sourcing practices.
Example: A young, environmentally conscious individual passionate about reducing their
animal product consumption.
4. The "Budget-Minded":
Age: Varied
Diet: Open to exploring affordable protein options.
Values: Value, taste, and convenience.
Needs: Plant-based meat options that are accessible and competitive in price compared to
conventional meat.
Example: A college student or budget-conscious family looking for affordable protein alternatives.
5. The "Adventurous Eater":
Age: Varied
Diet: Open to trying new and innovative foods.
Values: Taste, variety, and culinary exploration.
Needs: Plant-based meat options with unique flavors, textures, and culinary applications that go beyond traditional meat substitutes.
Example: A foodie who enjoys experimenting with new flavors and cuisines and is interested in exploring plant-based options.
Why this target market:
The target market for Beyond Meat represents a large and growing segment of individuals who are interested in plant-based alternatives for various reasons, making them an ideal focus for the
company. This target market aligns perfectly with Beyond Meat's mission and offers significant market potential. Additionally, these consumers are relatively affluent and are willing to pay a premium for products that reflect their values, thus supporting Beyond Meat's financial goals. There is also an evident increase in demand for plant-based options within this target market, as they value premium products that align with their preferences.
The values of this target market, which include sustainability, health, and ethical sourcing, resonate perfectly with the offerings of Beyond Meat. This market demonstrates openness to change and trying new options. They are concentrated in urban areas, providing a strategic advantage for Beyond Meat, and there is a global potential for growth and expansion beyond developed countries.
Characteristics of this target market include being environmentally conscious, driven by concerns about the impact of animal agriculture. They are also health-conscious and specifically
seek protein-rich options with lower fat and cholesterol content. The target market is value-
driven, placing importance on taste, convenience, ethics, and additional benefits. Furthermore, they lead a balanced lifestyle that incorporates home cooking, dining out, and engagement on social media.
To successfully capture this target market, Beyond Meat should employ various market capture strategies. These strategies include highlighting the nutritional variety of their products, emphasizing the specific vitamins, minerals, and fiber content. They should also offer personalized appeal by providing options that cater to specific needs and dietary restrictions. Expanding their product range beyond ground "meat" to include diverse textures and flavors will
enhance the appeal to this target market. Lastly, sharing transparency and social impact initiatives will help establish a connection with consumers who value these factors.
By focusing on this target market and understanding their specific preferences and values, Beyond Meat stands a great chance of capturing their attention, loyalty, and driving the adoption of a more sustainable and plant-based food system.
Section 4.1b: Value Proposition
Beyond Meat's best value proposition is "Goodness at Every Step." This proposition highlights the positive impact that Beyond Meat creates throughout its journey, from farm to fork. It positions the brand as more than just a plant-based meat alternative, emphasizing its role as a force for good.
There are several reasons why this value proposition works so well for Beyond Meat. Firstly, it has a broader appeal as it addresses sustainability, animal welfare, and overall well-being. This attracts a diverse range of consumers, including those who are environmentally conscious, flexitarians, health-focused individuals, and even open-minded meat-eaters. By going beyond taste and health benefits, this value proposition resonates with a wider audience.
Secondly, the "Goodness at Every Step" tagline is unique and memorable. It sets Beyond Meat apart from competitors who may solely focus on taste or health advantages. This differentiation helps the brand stand out in the market and enhances its positioning.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Thirdly, the value proposition is emotionally compelling. It taps into consumers' desire to make positive choices and contribute to a better world. By aligning with this aspiration, Beyond Meat becomes more than just a product; it becomes a means for consumers to actively participate in creating positive change through their food choices.
Additionally, the "Goodness at Every Step" proposition is supported by data. Beyond Meat can leverage their life cycle assessments and partnerships with health organizations to provide evidence and credibility for their claims. This data-backed approach strengthens consumer trust and confidence in the brand.
Lastly, this value proposition offers a great potential for storytelling. Beyond Meat can share compelling stories about their sourcing of sustainable, non-GMO ingredients, their innovative plant-based manufacturing processes, and the positive impact they aim to achieve. Such storytelling creates a deeper connection with consumers, allowing them to emotionally engage with the brand and its mission.
The key elements of the value proposition include highlighting the goodness in the ingredients used, such as sustainable, non-GMO plants sourced from responsible farmers. It also emphasizes the goodness in the manufacturing process, with an innovative plant-based approach that contributes to a positive environmental impact. Additionally, the goodness is showcased in the products themselves through their deliciousness, nutritional value, and health benefits. Ultimately, this goodness extends to personal health, the environment, and animal welfare, creating positive outcomes for all.
The call to action for consumers is to join the "Beyond Meat movement" and experience the "deliciousness, goodness, and positive impact" that the brand offers.
Overall, the "Goodness at Every Step" value proposition effectively positions Beyond Meat as a brand that not only delivers delicious food but also actively promotes positive change. It has broad appeal, resonates emotionally with consumers, is supported by data, and allows for compelling storytelling. This makes it a compelling choice for individuals seeking to make a positive impact through their food choices.
Section 4.1c: Competitive Differentiation
Beyond Meat's strongest competitive differentiation lies in its focus on environmental impact. While other plant-based meat companies emphasize taste and health benefits, Beyond Meat goes beyond by highlighting the positive environmental impact of choosing their products over animal-based meat. This differentiation is supported by various key points.
Firstly, Beyond Meat supports its claims with extensive data and research, including life cycle assessments and partnerships with health organizations. This data demonstrates the significant reduction in greenhouse gas emissions, water usage, and land required in comparison to animal meat production.
Transparency and storytelling also play a crucial role in Beyond Meat's differentiation strategy. Their marketing campaigns focus on demystifying their production process and showcasing the "goodness" present in each step, from sourcing sustainable ingredients to creating nutritious food
options. This approach allows consumers to connect with the brand's commitment to environmental responsibility.
Certifications and awards further emphasize Beyond Meat's dedication to responsible and sustainable practices. Their non-GMO, Kosher, and Halal certifications add credibility to their environmental claims. Additionally, receiving awards for their environmental efforts highlights their commitment to making a positive difference.
While taste and health are important to consumers, the increasing concern about climate change and sustainability presents a significant opportunity for Beyond Meat to stand out. By effectively communicating the environmental benefits of their products, they can attract environmentally conscious consumers and position themselves as a leader in the sustainable food
movement.
However, it is important for Beyond Meat to recognize that focusing solely on environmental impact may not resonate with all consumers. To ensure a comprehensive differentiation strategy,
Beyond Meat should continue to highlight the taste, health benefits, and other qualities of their products that appeal to a wider audience.
To further strengthen their differentiation, Beyond Meat could quantify the environmental impact
of choosing their products, highlighting the specific gallons of water or pounds of CO2 saved per
serving compared to animal meat. Collaborations with leading environmental organizations could also add credibility and reach to their sustainability message. Additionally, tailoring messaging to different target audiences, such as environmentally conscious millennials or health-
conscious families, can maximize impact.
By effectively leveraging their focus on environmental impact and combining it with other product strengths, Beyond Meat can solidify its position as a leader in the plant-based meat industry and attract a broader range of consumers.
To further differentiate the brand, Beyond Meat should consider adding a subscription option and
auto-ship feature on their website, similar to meal kit services like Hello Fresh. A secondary option to start would be to partner with well know meal kit subscriptions and become the main choice for plant based options. This would provide convenience and encourage repeat purchases
from loyal customers. By offering a subscription model, Beyond Meat can ensure a steady stream of revenue and build long-term relationships with their consumer base.
Creating a recipe book specifically tailored to their products would also be beneficial. This book
could showcase various ways to use Beyond Meat products and provide consumers with ideas and inspiration for incorporating them into their meals. This not only helps consumers feel more
confident in using the products but also encourages creativity and experimentation, ultimately leading to increased customer satisfaction and loyalty. Their social media already has started
this process but combining these ideas into a book and/or adding a tab to their website where customers can look up ideas and download would be a huge differentiating factor. Partnering with more restaurants and fast food places would expand Beyond Meat's reach and accessibility. By collaborating with well-known establishments, Beyond Meat can introduce their products to a wider audience and cater to those who prefer dining out. This partnership can also provide credibility and validation to the brand, as consumers trust established restaurants and their menu offerings.
In addition, partnering with food delivery services can further enhance the accessibility of Beyond Meat products. With the rising popularity of food delivery, partnering with these services allows Beyond Meat to reach consumers who prefer the convenience of having meals delivered to their doorstep. This strategy capitalizes on the growing trend of ordering food online and provides an additional channel for consumers to experience Beyond Meat.
By implementing these initiatives, Beyond Meat can differentiate itself from competitors and create a more comprehensive and convenient experience for consumers. The subscription option
and auto-ship feature provide convenience and encourage customer loyalty. The recipe book sparks creativity and enhances the overall customer experience. Partnering with restaurants, fast food places, and food delivery services expands accessibility and exposes the brand to new audiences. These strategies collectively enhance the brand's positioning and attract a broader consumer base, leading to sustained success and differentiation in the market.
Leading Competitive Product:
Both Impossible Foods and Beyond Meat are at the forefront of the plant-based meat revolution, but they take slightly different approaches in their product offerings and missions.
Beyond Meat offers a wider range of products, including burgers, sausages, ground meat, nuggets, and jerky. Their focus is on replicating the look, taste, and texture of real meat as closely as possible. On the other hand, Impossible Foods primarily focuses on burgers, sausages,
and ground meat. They utilize heme, a molecule found in meat, to achieve a "bloody" taste and texture. Their goal is to create products that not only mimic meat but surpass it in terms of taste and nutrition.
When it comes to taste and texture, Beyond Meat products are generally described as having a "meaty" taste and texture, although some find them slightly bean-like. On the other hand, Impossible Foods has received praise for its realistic "bloody" taste and texture, thanks to the use
of heme. However, some individuals may find it slightly metallic and gamey.
In terms of price, both companies' products tend to be more expensive than animal meat. Nonetheless, Beyond Meat is generally slightly more affordable than Impossible Foods. However, Impossible Foods has recently reduced its prices by 20% to enhance competitiveness.
Both companies' products are widely available in supermarkets and restaurants worldwide. However, due to its wider product range, Beyond Meat may be more easily found in stores.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Sustainability is a key focus for both companies. They claim that their products have a lower environmental impact compared to meat, particularly in terms of water usage, greenhouse gas emissions, and land use.
In terms of mission, Beyond Meat aims to "be the world's leading protein company" and disrupt the global meat industry. On the other hand, Impossible Foods seeks to "create a delicious and sustainable food system that leaves no one behind."
In other considerations, Beyond Meat is not certified vegan as some of their products contain egg
whites does not use genetically modified ingredients (GMOs). In contrast, Impossible Foods is certified vegan and does not use genetically modified ingredients (GMOs).
Overall, both Impossible Foods and Beyond Meat are leading the charge in the plant-based meat market, offering innovative alternatives to traditional meat products. Their different approaches cater to diverse consumer preferences and contribute to the sustainability goals of the global food
system.
Brand & Competitive Intelligence:
Strengths
Weaknesses
Impossible Foods
Heme's Allure:
Their proprietary heme technology delivers a "bleeding" experience,
enticing meat-eaters and pushing taste boundaries. This unique edge sets them apart in the taste and texture race. Premium Appeal:
The association with high quality and
cutting-edge science resonates with eco-conscious consumers willing to pay more for a premium plant-based experience.
Star-Studded Partnerships:
Collaborations with renowned chefs and restaurants elevate their brand prestige and accessibility, exposing them to wider demographics.
Beyond Meat
Innovation Machine:
Their commitment to R&D fuels a steady stream of novel products like nuggets
and sausages, keeping them ahead of the curve and satisfying diverse palates. Product Portfolio Powerhouse:
With a wider range of options like sausages, jerky, and nuggets, they cater to various preferences and dietary needs, giving them a broader market reach. Brand Recognition:
As a pioneer in the plant-based space, they enjoy greater consumer awareness and trust, positioning them as a familiar and reliable choice. Distribution Network:
Extensive partnerships with supermarkets and restaurants worldwide ensure their products are readily available and accessible to a vast audience. Price Point:
Their more affordable options compared to Impossible Foods and traditional meat attract budget-conscious consumers, making
them a price-conscious alternative.
Impossible Foods
Limited Menu:
Their current focus on burgers and sausages, while popular, restricts market reach and potentially misses out on capturing diverse preferences and a broader share of the pie. Price Barrier:
Compared to Beyond
Meat and traditional meat, their higher price point can be a hurdle for
cost-conscious consumers, limiting accessibility. Heme's Haziness:
Regulatory uncertainties surrounding heme and potential health concerns raise questions among health-conscious consumers, requiring careful addressing. Footprint:
Their smaller distribution
network compared to Beyond Meat hinders availability and brand awareness, especially in emerging markets.
Beyond Meat
Innovation Impasse:
Their reliance on pea protein might limit
their ability to keep pace with competitors in terms of taste and texture differentiation, potentially falling behind in the innovation race. Sustainability:
Compared to Impossible Foods, their less prominent focus on environmental
impact could weaken their appeal to eco-conscious consumers who prioritize sustainability. Protein Precariousness:
Their dependence on a single-source ingredient (pea protein) makes them vulnerable to price fluctuations and supply chain disruptions, requiring diversification strategies. Mainstream:
Primarily targeting mainstream consumers might leave them missing out on the high-end market seeking premium plant-based experiences and willing to pay more.
Opportunities
Threats
Impossible Foods
Product Promenade:
Expanding their offerings to include plant-based seafood, poultry, and other popular meats would unlock new customer segments and broaden their market reach. Cost Optimization:
Improving production efficiency and scaling
up can make them more price-
Beyond Meat
Tech Trek:
Enhancing R&D to create more innovative products with improved taste, texture, and nutritional profiles can help them regain their edge in the innovation race. International Intrigue:
Targeting growing markets with untapped potential and less competition offers significant opportunities for global Impossible Foods
Competition:
The plant-based market is fiercely competitive, with constant innovation and price wars from Beyond Meat and other players.
Maintaining their competitive edge requires continuous innovation and strategic maneuvering. Regulatory Tightrope:
Government
policies on labeling, production, or ingredients for plant-based meat can Beyond Meat
Established Competition:
Faces competition not only from Impossible Foods but also from established meat companies entering the plant-based market. Commodity Issues:
Dependent on pea protein costs, impacting profitability if prices rise due to external factors.
competitive, attracting budget-
conscious consumers and expanding their customer base. Global:
Capitalizing on the burgeoning global demand for plant-based meat, particularly in untapped emerging markets, offers significant growth potential. Retail:
Partnering with more mainstream retailers and restaurants can dramatically increase accessibility and brand awareness, moving beyond high-
end establishments.
expansion and market share growth. Fast-Food:
Partnering with major fast-food chains can lead to mass market adoption, increased brand exposure, and wider accessibility. Continued Product Diversification:
branch into seafood and other meats as well as creating a menu/recipe book, Develop plant-based dairy and egg alternatives to cater to broader audiences with vegan and flexitarian preferences
significantly impact the industry. Staying informed and adaptable to regulatory changes is crucial. Negative Publicity:
Potential concerns about heme or other ingredients could damage brand image and consumer trust, requiring proactive communication and transparency. Shifting Trends:
Fluctuations in demand for plant-based products, driven by consumer trends or the emergence of alternative protein options like lab-grown meat, necessitate agility and adaptability.
Alternative Protein Paradigm:
Consumer preferences could veer towards other protein alternatives like lab-grown meat or insect-
based proteins. Regulatory Roadblocks:
Similar concerns as Impossible Foods regarding labeling and production regulations, potentially hindering market expansion.
Section 4.1d: Brand Identity
Branding Breakdown
Brand Mission:
Current:
Create indistinguishable plant-based meat that benefits human health, climate, environment, and animal welfare. We believe there’s a better way to feed our
future
.
By shifting from animal to plant-based meat, we can positively affect the planet, the environment, the climate and even ourselves. After all, the positive choices we make every day – no matter how small – can have a great impact on our world.
Our plant-based meats are made with intention. We combine expert innovation with simple, non-GMO ingredients to deliver the meaty experience you crave without the compromise. Did we mention that each of our products is a good source of protein? It’s true. Plus, there’s no cholesterol, no antibiotics and no hormones. Pretty great, huh?
Alternative:
To empower a delicious, sustainable future through innovative plant-based protein. (Shorter, emphasizes action and impact.)
Brand Vision:
Current:
A world where delicious plant-based meat is the preferred choice, positively impacting all.
Alternative:
Leading the plant-based revolution, nourishing both people and planet. (Stronger call to action.)
Brand Values:
Innovation:
"Constantly pushing the boundaries of plant-based possibilities, delivering crave-worthy experiences that redefine what meat can be."
Sustainability:
"Mindfully stewarding resources, leaving a lighter footprint with every delicious bite, for a healthier planet for generations to come."
Compassion:
"Championing the well-being of animals, fostering a kinder food system where respect and care underpin every decision."
Health:
"Fueling bodies with goodness, offering plant-based protein that nourishes without compromise, empowering mindful choices."
Deliciousness:
"Capturing the essence of flavor and texture, igniting taste buds and satisfying cravings without sacrificing indulgence."
Brand Slogan/Taglines:
Current:
Eat What You Love™" tagline speaks to individual pleasure
Alternatives:
o
Beyond Delicious, Beyond Impact:
Highlights taste and benefits.
o
Fueling a Plant-Based Future:
Simple and forward-looking.
o
The Choice that Feeds Your Body and Your World:
Connects personal and global impact.
o
"Deliciously Kind to You and the Planet:
This tagline emphasizes the connection between personal well-being and environmental responsibility.
o
"Plant-Powered Protein, Future-Proofed Choices:
This tagline positions Beyond Meat as a forward-thinking solution for a sustainable future.
Leverage "There's Goodness Here" campaign:
Build upon the campaign's transparency and sustainability focus by showcasing the journey from seed to table, highlighting responsible sourcing and ethical practices.
Brand Impact:
A Life Cycle Assessment (LCA) study, reviewed by a panel of third-party specialists, was conducted by an international expert in food system sustainability and compared the environmental impact of Beyond Burger 3.0. with an 80/20 ¼ lb. beef patty produced in the United States. The result? Producing a Beyond Burger uses significantly less water, land and (non-renewable) energy – and it generates 10x less Greenhouse Gas Emissions (GHGE) than a beef patty. Characteristics to Downplay or Drop:
"Conflicted Carnivore" Focus:
While relevant, this narrows the target audience and excludes potential flexitarians, health-conscious individuals, and environmentally responsible consumers.
Overly Technical Language:
Simplify messaging to be easily understood by the average
consumer. Avoid scientific jargon and emphasize accessibility.
Negative Messaging:
Ditch guilt-tripping and fear tactics. Focus on the positive aspects of plant-based choices, like improving personal health, animal welfare, and the environment.
Hero Product Approach:
Don't overemphasize the Beyond Burger. Showcase the diverse product portfolio and cater to different tastes and dietary needs.
Solely Health-Focused Messaging:
Highlight health benefits, but acknowledge other motivations like taste, convenience, and sustainability. Maintain a balanced approach.
Characteristics to Add or Play Up:
Emotional Connection:
Tell stories that resonate with values like compassion, sustainability, and well-being. Highlight the positive impact consumers can make through
their choices.
Aspirational Tone:
Inspire consumers to be part of a positive change movement. Emphasize the power of individuals to make a difference.
Innovation:
Showcase R&D efforts and how they translate to positive outcomes for health, animals, and the planet. Use visuals to make it relatable.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Social Proof:
Partner with influencers and everyday consumers who embody the brand's values. Leverage their authenticity to build trust and credibility.
Inclusivity and Positivity:
Focus on the joy and benefits of plant-based living. Avoid exclusivity and negativity. Create a welcoming and inviting brand experience.
Taste and Convenience:
Never lose sight of these crucial factors. Ensure products are delicious and easy to incorporate into everyday life.
Implementing these shifts can help Beyond Meat create a brand identity that is impactful and appealing, positioning them for sustained success and positive change. By targeting a broader audience, they can attract more consumers and increase their market share. Building an emotional connection with their audience will lead to stronger brand loyalty and advocacy. Using aspirational messaging will motivate action and align with growing consumer values. Showcasing their innovation will build trust and reinforce their commitment to positive change. Incorporating social proof will add authenticity and relatability, increasing trust and conversion rates. Taking an inclusive and positive approach will attract a wider audience and prevent alienating potential customers. Finally, maintaining a focus on taste and convenience will ensure
relevance and practicality for consumers. By implementing these strategies, Beyond Meat can create a brand identity that resonates with their target audience, setting them up for long-term success.
Recommendations:
1. To expand their reach, Beyond Meat should target a variety of potential consumers, including flexitarians, health-conscious individuals, and environmentally responsible consumers. Craft personalized messaging that appeals to each segment's values and needs. Additionally, storytelling is key to creating a connection with consumers. Share relatable narratives of animals
saved, resources conserved, and lives improved through Beyond Meat. Highlight the positive impact of choosing plant-based options, rather than focusing solely on sacrifice. Lastly, showcase the full product portfolio beyond the Beyond Burger. Cater to various tastes and dietary needs with a range of plant-based options that are both tantalizing and satisfying.
2. Connecting with consumers emotionally is crucial. Appeal to their hearts, not just their stomachs. Share customer stories and influencer endorsements that resonate with values such as compassion, sustainability, and well-being. Additionally, emphasize innovation and the positive outcomes of Beyond Meat's cutting-edge research and development. Inspire a sense of progress and possibility. Leveraging social proof is also important. Partner with influencers and everyday consumers who embody the brand's values, using their authenticity to build trust and credibility among the target audience.
3. Balance is key. Strike a harmonious balance between health, sustainability, taste, and convenience. Emphasize the deliciousness and ease of use of Beyond Meat products while still highlighting their health and sustainability benefits. Positivity should be the main focus, rather than guilt-tripping consumers. Highlight the joy, satisfaction, and empowerment that comes with
plant-based living. Make the experience inclusive and inviting to all.
4. In the pursuit of success, taste and convenience should never be overlooked. It is important to keep Beyond Meat products mouthwatering and easy to incorporate into everyday life. Building
partnerships with like-minded organizations and individuals is also powerful. Collaborate with others to amplify the brand's message and reach a wider audience. Showcasing these connections will reinforce the brand's commitment and values.
Section 4.2: Tactical Decisions
In this section, we will explore the tactical decisions necessary to implement a successful marketing campaign for Beyond Meat. We will discuss the recommended product, price, promotion, and place decisions that will help us achieve our objective of driving awareness, increasing brand loyalty, and encouraging product trial among flexitarians and environmentally conscious consumers aged 25-45. By carefully considering these tactical decisions, we can effectively position Beyond Meat as a leader in the plant-based food industry and create a meaningful impact on health, sustainability, and animal welfare.
Section 4.2a: Product
Beyond Meat Product Portfolio
Beyond Meat boasts a growing portfolio of plant-based meat alternatives designed to mimic the taste, texture, and even cooking experience of traditional meat products. They currently offer a diverse selection for various meal occasions, dietary needs, and preferences. Here's a breakdown
of their product categories:
Burgers and Ground Meat:
Beyond Burger:
Their flagship product, offering a juicy, beef-like patty.
Beyond Stack Burger:
A new double-stacked burger patty.
Cookout Classic:
Plant-based burger patties for grilling or stovetop cooking.
Beyond Beef:
Ground "meat" crumbles ideal for tacos, Bolognese, and other dishes.
Sausages:
Beyond Sausage:
The #1 selling plant-based dinner sausage, available in various flavors like original, hot Italian, and sweet Italian.
Beyond Breakfast Sausage:
Plant-based sausage links perfect for breakfast sandwiches and scrambles.
Other Products:
Beyond Chicken Tenders:
Crispy tenders with a chicken-like flavor and texture.
Beyond Meatballs:
Savory plant-based meatballs suitable for various dishes.
Beyond Jerky:
A plant-based jerky available in original and teriyaki flavors.
Beyond Steak:
Sliced "steak" for fajitas, stir-fries, or sandwiches.
Beyond Nuggets:
Chicken-like nuggets for kids and adults.
Beyond Fajita Strips:
Marinated, plant-based strips for fajitas and tacos.
Beyond Pizza Sausage Crumbles:
Pre-seasoned crumbles for topping pizzas.
Beyond Breakfast Sausage Patties:
Plant-based sausage patties for breakfast sandwiches.
Beyond Meatballs Mini:
Smaller meatballs for appetizers or party snacks.
International Products:
Beyond Keema:
A plant-based curry with Beyond Meat crumbles and pilau rice (UK).
Beyond Mince:
Ground "meat" for various dishes (various international markets).
Enhancing the Product Portfolio and Expanding Categories:
Seafood:
1.
Shrimp:
a.
Material:
Beyond the pea and mung bean blend, incorporate konjac powder for added snap and crunch in the tail. Season with a touch of smoked paprika for a hint of smokiness reminiscent of grilled shrimp.
b.
Construction:
Refine the tempura batter with air pockets for a light and airy texture. Consider offering two options: a classic tempura and a spicy sriracha-
infused version for variety.
c.
Design:
Implement biomimetic design to accurately replicate the curved body, segmented tail, and delicate legs of real shrimp. Use natural food colorings to achieve a realistic pink-orange hue.
d.
Packaging:
Design a pouch made from recycled ocean plastic, showcasing the shrimp through a clear window. Partner with ocean conservation organizations and highlight the product's sustainable impact on packaging.
e.
Justification:
By addressing texture variety, familiar flavors, and eco-conscious packaging, this shrimp caters to diverse preferences and reinforces Beyond Meat's
sustainability commitment.
2.
Tuna:
a.
Material:
Infuse the pea protein base with beet juice for a natural pink color and subtle sweetness. Add microalgae oil for a richer omega-3 content and a hint of fishy flavor.
b.
Construction:
Develop two textures: flaked for salads and sandwiches, and chunkier for tuna steaks. Season both with a blend of seaweed, capers, and dill for an authentic tuna flavor profile.
c.
Design:
Mimic the flaky texture of canned tuna with visible flecks of nori seaweed. Offer the chunky option in pre-formed "steaks" for easy grilling or pan-
frying.
d.
Packaging:
Utilize a recyclable Tetra Pak carton to maintain freshness and prevent spoilage. Feature educational information about sustainable fishing practices and the benefits of plant-based alternatives.
e.
Justification:
By offering diverse textures, familiar flavors, and omega-3 fortification, this tuna caters to various culinary applications and health-conscious
consumers. Sustainable packaging reinforces brand values.
3.
Salmon:
a.
Material:
Utilize a blend of pea and lentil protein for a firmer texture reminiscent
of salmon. Infuse with beetroot juice for natural coloring and astaxanthin (a microalgae extract) for a vibrant salmon-pink hue and additional health benefits.
b.
Construction:
Offer pre-marinated fillets in various flavors like teriyaki, lemon dill, or plain. Consider options with crispy skin using chickpea flour and nori for added texture.
c.
Design:
Replicate the marbled fat lines of real salmon using plant-based alternatives like coconut oil or cocoa butter. Achieve a realistic salmon shape and
size.
d.
Packaging:
Design a recyclable tray made from bamboo or sugarcane pulp, showcasing the product through a clear window. Partner with organizations
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
protecting salmon populations and highlight the product's contribution to conservation efforts.
e.
Justification:
Diverse flavor options, realistic texture and appearance, and clear health benefits cater to various preferences and health-conscious consumers. Environmentally friendly packaging aligns with brand values.
Dairy Alternatives:
1.
Cheese:
a.
Material: A blend of cashews and sunflower seeds for richness and creaminess, supplemented with pea protein for structure and meltability. Specific cultures chosen to replicate the flavor profiles of popular cheeses like cheddar, mozzarella,
and parmesan. Nutritional yeast: Adds a cheesy umami flavor and boosts B vitamins.
b.
Construction: Slices: Thin and flexible for sandwiches, burgers, and pizzas. Shreds: Different shred sizes for versatile use in salads, pasta dishes, and dips. Blocks: Gratable for sauces, toppings, and snacking.
c.
Design: Natural coloring using paprika, turmeric, and beet powder for cheddar, mozzarella, and parmesan respectively. Slight marbling for visual interest and resemblance to real cheese. Melts smoothly and stretches realistically.
d.
Packaging: Recyclable paperboard boxes with a clear window showcasing the cheese. Minimalist design with illustrations and clear labeling of cheese type and ingredients. Option for resealable pouches for shredded cheese to maintain freshness.
e.
Justification: Addresses the growing demand for dairy-free cheese options from lactose intolerant and vegan consumers. Offers familiar cheese varieties with comparable functionality and taste to attract a wider audience. The blend of cashews, sunflower seeds, and pea protein provides a unique nutritional profile, including protein, healthy fats, and fiber.
2.
Yogurt:
a.
Material: Coconut milk blended with pea protein for a creamy texture and protein boost. Live and active vegan cultures for gut health benefits and tangy flavor. Natural sweeteners like stevia or monk fruit extract for low-sugar options.
b.
Construction: Single-serve cups for on-the-go convenience. Larger tubs for family consumption or recipe use. Plain, flavored (e.g., vanilla, berry), and fruit-
on-the-bottom varieties to cater to diverse preferences.
c.
Design: Vibrant and eye-catching packaging with clear labeling of health benefits
and flavor varieties. Illustrations depicting fruits or other ingredients used in flavored yogurts. Option for glass jars with reusable lids for a sustainable and premium feel.
d.
Justification: Provides a plant-based alternative to traditional yogurt, appealing to lactose intolerant and vegan consumers. Offers gut health benefits with live cultures and protein content from the pea protein. Diverse flavor options cater to different taste preferences and usage occasions.
3.
Ice Cream:
a.
Material: Options include coconut milk, oat milk, or a blend for different textures
and creaminess levels. Natural sweeteners like stevia or monk fruit extract for a
guilt-free indulgence. Real fruits, nuts, and cocoa for inclusions and flavoring, promoting natural ingredients.
b.
Construction: Available in pints and ice cream tubs for individual or family enjoyment. Offer classic flavors like vanilla, chocolate, and strawberry alongside innovative vegan-friendly options. Include chunks, swirls, and inclusions for added excitement and texture.
c.
Design: Modern and playful packaging with illustrations depicting the flavor ingredients. Clear labeling highlighting the use of natural ingredients and dairy-
free status. Option for recyclable paper pint containers with a unique lid design for brand recognition.
d.
Justification: Caters to the booming vegan ice cream market with delicious and creamy options. Uses natural ingredients and avoids artificial flavors or colors for
health-conscious consumers. Diverse flavors and options appeal to a broad range of ice cream lovers, attracting both existing vegan customers and those seeking alternatives.
Egg Alternatives: While less mainstream, plant-based eggs offer a unique opportunity. 1.
Scrambled Eggs:
a.
Material:
Chickpea flour base with turmeric and nutritional yeast for texture and egg-like flavor.
b.
Construction:
Crumbles that cook and scramble like traditional eggs, ideal for breakfast tacos, omelets, and scrambles.
c.
Design:
Golden yellow color that mimics scrambled eggs, with a fluffy and satisfying texture.
d.
Packaging:
Recyclable cartons with convenient resealable closures, showcasing versatility in meal applications.
e.
Justification:
Scrambled eggs are a breakfast staple, but some consumers avoid them due to dietary restrictions or ethical concerns. This plant-based option offers
a cruelty-free and cholesterol-free alternative with familiar taste and texture.
2.
Liquid Egg Replacer:
a.
Material:
Aquafaba (chickpea brine) base for binding and leavening power, with added pea protein for structure.
b.
Construction:
Liquid concentrate that easily replaces eggs in baking and cooking
applications.
c.
Design:
Simple and functional packaging with clear instructions and recipe ideas.
d.
Justification:
Eggs are commonly used as a binding agent in baking and cooking.
This plant-based alternative caters to vegans and those with egg allergies, offering
a functional and easy-to-use solution.
Niche & Innovative Products:
1.
Plant-based Bacon:
a.
Ingredients:
i.
Base:
Textured pea protein for a meaty chew and neutral flavor.
ii.
Smoky Flavor:
Liquid smoke, smoked paprika, or smoked chilies for authentic depth.
iii.
Salty & Savory Notes:
Sea salt, soy sauce, nutritional yeast, or miso paste.
iv.
Fat:
Coconut oil or avocado oil for a slightly fatty texture without animal fat.
b.
Construction:
Thinly sliced (2-3mm) with varying lengths for a natural look.
c.
Design:
Streaked with natural coloring to mimic real bacon's marbling.
d.
Packaging:
Resealable pouches with a clear window to showcase the product. Include a paper insert for absorbing excess oil and maintaining crispness.
e.
Varieties:
i.
Original:
Classic smoky bacon flavor.
ii.
Hickory-Smoked:
Smoke-forward profile with a hint of sweetness.
iii.
Peppered:
Cracked black peppercorns for a spicy kick.
2.
Plant-based Charcuterie:
a.
Ingredients:
i.
Base:
Seitan or lentil protein for a firm texture and mild flavor.
ii.
Seasonings:
Italian herbs, garlic powder, fennel seeds, and spices for salami. Rosemary, sage, and paprika for prosciutto.
iii.
Fats:
Olive oil or avocado oil for richness and moisture.
b.
Construction:
Thinly sliced and air-dried for a concentrated flavor and chewy texture.
c.
Design:
Salami: Deep red color with specks of white "fat." Prosciutto: Pale pink with marbling.
d.
Packaging:
Vacuum-sealed pouches for extended shelf life and premium presentation.
e.
Varieties:
i.
Genoa Salami:
Classic Italian-style salami with a tangy bite.
ii.
Pepperoni:
Spicy salami with a hint of sweetness.
iii.
Prosciutto:
Air-dried Italian ham with a delicate flavor.
3.
Jerky Variations:
a.
Ingredients:
Base of pea protein for a meaty texture.
i.
Flavor Profiles:
1.
Spicy Sriracha:
Sriracha chili sauce, ginger, garlic, and lime juice for a bold and tangy flavor.
2.
Teriyaki Glazed:
Soy sauce, mirin, brown sugar, ginger, and garlic for a sweet and savory balance.
3.
Black Pepper & Lime:
Black peppercorns, lime zest, and lime juice for a citrusy and peppery kick.
b.
Design:
Small, bite-sized pieces for easy snacking.
c.
Packaging:
Individual portion-controlled snack packs with resealable closures for
freshness and convenience.
4.
Plant-based "Whole Cuts":
a.
Plant-based Steaks:
i.
Ingredients:
1.
Base:
Layered seitan or jackfruit for a fibrous texture.
2.
Marinades:
Options like rosemary garlic, teriyaki, or chipotle for diverse flavor profiles.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
b.
Construction:
Thick cuts (1-2 inches) resembling traditional steaks.
c.
Design:
Lightly seared for visual appeal and caramelized flavor.
d.
Packaging:
Trays with a marinade pouch and cooking instructions for ease of use.
5.
Plant-based Roasts:
a.
Ingredients:
i.
Base:
Textured pea protein or lentil protein for a hearty texture.
ii.
Seasonings:
Herb blends, spices, and vegetable broths for savory depth.
b.
Construction:
Pre-shaped "roasts" resembling traditional cuts like pork shoulder or beef tenderloin.
c.
Design:
Glazed or rubbed with spices for visual appeal and flavor enhancement.
d.
Packaging:
Oven-safe bags for convenient cooking and minimal cleanup.
6.
Plant-based Ribs:
a.
Ingredients:
i.
Base:
Seitan or jackfruit for a meaty texture that shreds easily.
ii.
Smoky Flavors:
Liquid smoke, smoked paprika, and spices for authentic BBQ aroma.
iii.
Sauces:
Options like BBQ, teriyaki, or hoisin for diverse flavor profiles.
b.
Construction:
Individual "ribs" formed into a rack for realistic presentation.
c.
Design:
Pre-cooked and frozen for convenient preparation at home.
d.
Packaging:
Vacuum-sealed pouches for extended shelf life and easy storage.
International Flavors:
Plant-based Chorizo:
Made with pea protein, sunflower oil, smoked paprika, cumin, garlic, and ancho chili peppers. Textured to resemble traditional chorizo with a slight crumble and smoky spice. Packaged in vacuum-sealed pouches with vibrant, regionally-
inspired designs showcasing Mexican spices and peppers.
Plant-based Bulgogi:
Marinated pea protein strips seasoned with soy sauce, sesame oil, ginger, garlic, and Korean chili flakes. Mimics the chewy texture and savory-sweet flavor
of beef bulgogi. Packaged in trays with marinade included, featuring Korean characters and imagery.
Plant-based Satay:
Skewered, marinated chickpea protein pieces seasoned with peanut butter, coconut milk, turmeric, and lemongrass. Offers a tender, juicy texture and authentic Southeast Asian flavors. Packaged in bamboo skewers with peanut dipping sauce in compostable containers, adorned with Southeast Asian-inspired artwork.
Convenience Meals:
Ready-to-eat Meals
Stir-fry Packs
Meal Kits
Snack Packs
Sports Nutrition:
Plant-based Protein Bars
Plant-based Protein Shakes
Section 4.2b: Price
Seafood:
Shrimp:
$8-10 per serving. This premium pricing reflects the innovative texture, familiar
flavors, and eco-conscious packaging.
Tuna:
$6-8 per serving. Affordable compared to real tuna steaks while offering omega-3 benefits and sustainable packaging.
Salmon:
$10-12 per serving. Premium pricing for realistic texture, marbling, and health benefits like astaxanthin.
Dairy Alternatives:
Cheese:
Slices: $6-8 per pack; Shreds: $5-7 per pack; Blocks: $8-10 per block. Competitive pricing with dairy cheese while offering plant-based benefits and diverse varieties.
Yogurt:
Single-serve: $2-3; Tubs: $5-7. Affordable options for on-the-go consumption and family use, highlighting health benefits and flavor variety.
Ice Cream:
Pints: $5-7; Tubs: $8-10. Competitive with premium vegan ice cream brands, focusing on natural ingredients and diverse flavors.
Egg Alternatives:
Scrambled Eggs:
$4-5 per serving. Affordable alternative to real eggs, attracting health-
conscious and ethically-minded consumers.
Liquid Egg Replacer:
$5-7 per bottle. Competitive with existing egg replacers, targeting
vegans and those with egg allergies.
Niche & Innovative Products:
Plant-based Bacon:
$5-7 per pack. Competitive with premium bacon brands, offering smoky flavor, texture variety, and resealable packaging.
Plant-based Charcuterie:
$7-9 per pack. Premium pricing for air-dried texture, authentic flavors, and vacuum-sealed packaging.
Jerky Variations:
$3-4 per individual pack. Convenient and affordable plant-based snack option with diverse flavor profiles.
Plant-based "Whole Cuts":
Steaks:
$10-12 per steak. Competitive with premium meat steaks, offering marinated options and convenient cooking instructions.
Roasts:
$15-20 per roast. Affordable alternative to whole meat roasts, targeting convenience and diverse flavor options.
Ribs:
$12-14 per rack. Competitive with frozen meat ribs, offering pre-cooked convenience and diverse sauce options.
International Flavors:
Chorizo, Bulgogi, Satay:
$7-9 per serving. Competitive with restaurant or pre-made international dishes, highlighting unique flavors and regional inspirations.
Convenience Meals:
Ready-to-eat Meals:
$8-10 per serving. Convenient and affordable option for busy consumers, with diverse flavor profiles and portion sizes.
Stir-fry Packs:
$6-8 per pack. Convenient and affordable option for quick meals, emphasizing protein content and easy preparation.
Meal Kits:
Partner with meal kit services to offer plant-based options at comparable prices to existing meat-based kits.
Snack Packs:
$3-4 per pack. Convenient and affordable plant-based snack option with various protein and vegetable combinations.
Sports Nutrition:
Protein Bars:
$3-4 per bar. Competitive with existing protein bars, highlighting plant-
based protein sources and added nutrients like BCAAs.
Protein Shakes:
$20-25 per tub. Competitive with premium protein powders, emphasizing plant-based protein, omega-3 content, and easy mixing.
Section 4.2c: Place
Existing Channels:
Beyond Meat products are available at approximately 28,000 retail outlets across the U.S., including Walmart locations.
Channel
Retailers (Examples)
Description
Mass-market grocery stores
Walmart, Kroger, Target, Albertsons,
Ahold
Wide reach, convenience, affordability for price-conscious consumers
Specialty grocery stores
Whole Foods Market, Wegmans, Sprouts Farmers Market
Organic, natural, and sustainable options for health-conscious consumers
Club stores
Costco, Sam's Club
Larger pack sizes and bulk options for families and value-conscious buyers
Online retailers
Amazon, Instacart
Convenient home delivery, wider product accessibility
Restaurants and foodservice
A&W, Carls Jr, Del Taco, Dunkin Brands, Pizza Hut, TGI Fridays, Taco
Bell
Plant-based menu options for restaurant diners
Additional retailers
Meijer, Stater Bros. Markets, Earth Fare
Regional grocery chains and specialty stores
New Channels:
Channel
Description
Examples
International Grocery:
Prioritize markets with high demand, adapt offerings to local preferences.
Carrefour (Europe), Tesco (UK), AEON (Japan)
Restaurant & Foodservice:
Collaborate with chains & independent restaurants, develop partnerships with distributors.
National chains, regional cafes, food trucks
Online Expansion:
Offer exclusive online deals & bundles, partner with meal kit services.
Amazon, Instacart, Beyond Meat Meal Kits, HelloFresh, Purple Carrot
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Niche Retailers:
Target specific audiences with promotions & educational materials.
Vegan stores, health food stores,
sports nutrition stores
Specialty & Natural Stores:
Deepen partnerships with exclusive launches & promotions.
Whole Foods, Sprouts, Earth Fare
Convenience Stores & Gas Stations:
Grab-and-go options for busy consumers.
7-Eleven, Wawa, Sheetz
Direct-to-Consumer:
Greater control over branding & relationships, launch innovative products.
Beyond Meat online store
To further enhance its brand and reach a wider audience, Beyond Meat should consider implementing the following strategies. Firstly, utilizing various channels is crucial to reach diverse demographics and cater to different shopping habits and needs. This can include partnerships with both online and brick-and-mortar retailers to ensure products are accessible to a wide range of consumers. Collaborating with reputable retailers not only strengthens the brand's image but also builds trust with consumers.
Furthermore, expanding online and delivery options can significantly increase convenience, especially for busy consumers. Offering the flexibility to order Beyond Meat products online and have them delivered to their doorstep helps to meet the evolving needs and preferences of modern shoppers. This convenience factor can further boost the brand's visibility and attract new
customers.
Targeted marketing is also essential. Partnering with niche retailers allows for more focused marketing efforts that cater to specific consumer preferences and dietary restrictions. By tailoring messaging and promotions to resonate with these niche audiences, Beyond Meat can effectively communicate the unique benefits of their products and build stronger connections with consumers.
Lastly, direct-to-consumer platforms can facilitate innovation and experimentation. By establishing their own DTC channels, Beyond Meat can test new products, gather valuable feedback from customers, and refine their offerings based on consumer preferences. This approach enables the brand to stay at the forefront of plant-based innovation and continuously meet the evolving demands of their target market.
By implementing these strategies, Beyond Meat can expand its reach, strengthen its brand image,
and increase convenience and accessibility for consumers. These initiatives will enable the brand to effectively target diverse audiences, experiment with new product offerings, and build strong relationships with both existing and potential customers. Ultimately, these efforts will position Beyond Meat as a leader in the plant-based food industry and contribute to its continued success.
Section 4.2d: Promotion
Multi-Channel Approach:
Targeted Reach:
Combining TV, social media, and strategic billboards ensures the message reaches different segments (e.g., families on TV, millennials on social media).
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Frequency & Impact:
Utilize a mix of awareness-building (TV) and engagement-driven
(social media) channels for deeper impact.
Tailored Messaging:
Consider varying the message across channels to fit the context and audience expectations (e.g., emotional storytelling on TV, recipe inspiration on social
media).
Advertising:
Multi-channel Approach:
Utilizing TV, social media, and strategic billboards reaches diverse segments of the target market.
Emotive Storytelling:
Showcasing product enjoyment and social/environmental impact connects emotionally and resonates with their values.
Influencer Partnerships:
Credible influencers authentically engage the target audience and build trust.
Digital Marketing:
SEO & Paid Advertising:
Targets relevant keywords for discoverability and attracts customers actively seeking plant-based options.
Social Media Engagement:
Sharing recipes, tips, and user-generated content fosters community and builds brand loyalty.
Company Blog:
Educates about plant-based eating, sustainability, and product innovations, catering to their interest in knowledge.
Email Marketing:
Offers personalized discounts, recipes, and updates, driving sales and engagement.
Social Media Mix:
Tailored Content:
Create content specific to each persona's interests and values (e.g., health tips for "Health-Conscious", recipes for "Adventurous Eater").
Interactive Content:
Utilize polls, contests, and Q&As to encourage participation and build relationships.
Utilize Trending Hashtags:
Leverage relevant hashtags to increase visibility and organic
reach.
Emotional Connection:
Utilizing visuals and relatable stories creates an emotional connection with the audience.
Influencer Integration:
Partnering with relevant micro-influencers can reach niche audiences effectively.
Community Building:
Create dedicated groups or hashtags for specific personas (e.g., #FlexitarianFriday) to foster deeper connections.
Trending Hashtags:
While important, ensure hashtags are relevant to your target audience and brand values to avoid inauthenticity.
Sponsorships & Partnerships:
Credible Partners:
Aligning with athletes, celebrities, and organizations who share Beyond Meat's values strengthens brand image and attracts their followers.
Relevant Events:
Sponsoring sustainability, health, and food events provides direct access to the target audience.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Restaurant & Meal Kit Collaborations:
Increases accessibility and convenience, making plant-based options easier to try.
Sales Promotions:
Discounts & Coupons:
Lowering the entry barrier attracts new customers and encourages trial.
Retail Partnerships:
In-store promotions and displays increase product visibility and incentivize purchase.
Bundled Products:
Offering bulk discounts or complementary product bundles encourages larger purchases.
Trial Kits & Samples:
Offer small, affordable samplers or trial kits to encourage purchase and reduce perceived risk.
Public Relations:
Positive Media Coverage:
Sharing positive reviews and testimonials builds trust and credibility.
Media Events & Tastings:
Creates buzz and generates excitement for new products and partnerships.
Transparent Communication:
Answering questions openly about ingredients, sourcing,
and impact fosters trust and strengthens brand image.
By combining various promotional methods, including advertising, digital marketing, sponsorships, sales promotions, public relations, and monthly thematic campaigns, Beyond Meat
can effectively reach and engage their target audience. The campaign phases and monthly focuses ensure a comprehensive and robust promotional strategy that resonates with the values and aspirations of flexitarians and environmentally conscious consumers. By driving awareness, showcasing positive impact, and encouraging action, Beyond Meat can increase brand loyalty and drive product trial, ultimately solidifying its position as a leader in the plant-based food industry.
Beyond Meat Campaign: Social Media Strategy
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Section 5: Conclusion
Built on the foundation of targeting flexitarians and environmentally conscious consumers aged 25-45, this marketing plan positions Beyond Meat as more than just a delicious plant-based option; it positions the brand as a force for positive change. The approach is designed to resonate with the values of the target audience, creating a strong emotional connection with the brand. While taste remains paramount, the plan goes beyond being perceived solely as a "meat alternative" by addressing nutritional variety, personalized preferences, and sensory experiences. Beyond Meat sets itself apart through its focus on sustainability and environmental impact, supported by data, transparency, and strategic partnerships that build trust and credibility. The plan also inspires action and motivates consumers to be part of the solution through storytelling, social proof, and aspirational messaging. It encompasses diverse marketing channels, targeted messaging, and a commitment to ongoing innovation, ensuring that Beyond Meat can effectively
reach, engage, and adapt to evolving consumer preferences. By implementing these strategies, Beyond Meat can capture the hearts and minds of its target audience, driving not just sales but also a positive shift towards a more sustainable and plant-based future. This plan is not just good
for Beyond Meat; it's good for the planet, animals, and our collective well-being. Let's embrace the goodness and make it happen!
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
Consider the Scenario below:
A national property/casualty insurer distributes its personal and small commercial productsthrough independent agents. A study was conducted as a part of reevaluation of its strategies,designed to determine:• Whether its market share might be increased by direct marketing to some households.• Whether doing so would conflict with agent activities.• Marketing themes and product features that could be used to differentiate it indifferent market segments.• The potential profitability of different segments.Attitudinal, behavioral, and demographic data were gathered using a mail panel survey of2000 U.S. households that own auto insurance. Geodemographic and credit informationsupplemented the survey responses.Segments Identified: The study identified five segments, each making up 17% to 22% of themarket.• "Non-Traditionals" were most interested in using the Internet and/or buying insuranceat work.• Direct Buyers were more interested than others were in buying via…
arrow_forward
4. What specific marketing activities does Coppertone utilize to help Coppertone grow in the marketplace?
arrow_forward
Your Task
Evaluate how Wanda is currently applying each of the four Ps of marketing to the products Salty Pawz sells. Capture this in your written document so that
Wanda can refer back to it as she begins to draft a marketing plan.
• Once you have evaluated how Wanda is currently applying the four Ps to the products Salty Pawz sells, identify at least one new way that each of the four
Ps could be improved. When making your recommendations, be as specific as possible so that she can execute some of your ideas immediately.
arrow_forward
1. What methods does Jones Soda use to market its product?
2. How do these marketing methods help the company compete
against the market giants?
3. Write a brief critique of the Jones Soda Web site and comment
on its effectiveness as a marketing tool.
arrow_forward
Prepare an actual mission and vision statement that will help guide the smoking cessation program.
arrow_forward
1). Identify a company that is publicly held and widely visible in an industry
2). Explain the company, product/service mix and target market.
3). Identify the "Four Major Types of Utility" of that institution.
4). Then identify the "Value Proposition" of that company and describe how each "Utility" supports the Value Proposition the company is marketing to the target market.
arrow_forward
Marketing Strategies: Research how DeBeers' positioned themselves through advertising, brand messaging, and promotional tactics.
Marketing Segmentation: Identify and describe the market segments DeBeers targets, and how it meets (or creates!) various consumer needs. Explain who DeBeers targeted consumer is and why.
Competitive Advantage: Analyze what gives DeBeers its edge, such as brand equity, market control, and exclusive partnerships. Explain how it differentiates itself from competitors and its unique value proposition.
Global Impact: Assess DeBeers' influence on the global diamond market, including international strategies and regional adaptations.
arrow_forward
How is success measured when a firm pursues a focus strategy?
Only industry-wide competitors can create similar value for the market segment.
Broad-based competitors choose not to serve that same segment of the market.
It is possible for the firm to pursue low cost and differentiation simultaneously.
Firms are willing to link with suppliers and distributors to manage costs.
arrow_forward
Organica Pty Ltd manufactures protein bars. They have an established the product that is in the mature phase of the product life cycle but sales are falling due to increased competition.
(a) List and describe TWO market segments Organica Pty Ltd could use to segment the market.
(b) Name and explain ONE product strategy and ONE promotion strategy that Organica Pty Ltd could use to improve sales and remain competitive.
arrow_forward
papa john's current strategic strategy
arrow_forward
What is the official name of the company for Apple? How does the company describe its industry? What is the mission of the organization? Present the organization’s mission statement. Provide a brief history of the organization Identify its main customers and competitors
arrow_forward
Need help with Part 1 through 3
arrow_forward
Make a narrative statement for the outline of the Strategic Marketing Plan.
arrow_forward
How do you create a marketing plan for your Walmart that enhances organizational efficiency and effectiveness through the application of ACBSP key business domains of accounting, finance, statistics, economics that outlines where the business is, its desired destination (objectives), and conditions it will face in efforts to reach that destination, how to integrate activities, schedule resources, specify responsibilities, and provide a means of measuring progress?
arrow_forward
Kindly help in the light of 'consumer analysis and research.
Please prepare a presentation to your leadership team with three areas of exploration.
Give An overview of the critical areas of your corporate strategy, key profit drivers, and customer strategy, including target profiles, positioning strategy, value proposition, and profitability.
Your critical analysis and assessment of the above. Focus your analysis on the essential elements and drivers of customer value. Tick a unique position to reverse-engineer your product and service offerings to increase value simultaneously for your organization and its customers.
Based on your analysis, make strategic recommendations that be meaningful, tangible, actionable, and recommendations supported by evidence. and financial projections for whatever it is you are proposing, at a minimum, some back-of-the-napkin revenue forecasting
arrow_forward
For problems 1-3, please refer to this article on Ocado.
https://www.bbc.co.uk/news/business-54352540
1. What can we say about existing rivalry in the market of online retailers?
a. This force is week because of strong brands and stabile market shares.
b. This force is medium level, because the market is quite concentrated but consumers are quite loyal.
c. Existing rivalry is strong because the market is quite concentrated, switching costs are relatively low and the different firms' services are not especially differentiated.
d. Rivalry is strong because suppliers and not concentrated and entry barriers are low.
2. How would you evaluate the threat of buyers in this market?
a. It is relatively weak, because OCADO sells for final consumers who are not concentrated and have a weak bargaining power.
b. It is strong, because Tesco and Amazon are large firms with larger market shares than Ocado.
c. It is medium level, because OCADO cannot easily switch across its buyers.…
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
Principles Of Marketing
Marketing
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Pearson Higher Education,
Marketing
Marketing
ISBN:9781259924040
Author:Roger A. Kerin, Steven W. Hartley
Publisher:McGraw-Hill Education
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Marketing: An Introduction (13th Edition)
Marketing
ISBN:9780134149530
Author:Gary Armstrong, Philip Kotler
Publisher:PEARSON
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning
Related Questions
- Consider the Scenario below: A national property/casualty insurer distributes its personal and small commercial productsthrough independent agents. A study was conducted as a part of reevaluation of its strategies,designed to determine:• Whether its market share might be increased by direct marketing to some households.• Whether doing so would conflict with agent activities.• Marketing themes and product features that could be used to differentiate it indifferent market segments.• The potential profitability of different segments.Attitudinal, behavioral, and demographic data were gathered using a mail panel survey of2000 U.S. households that own auto insurance. Geodemographic and credit informationsupplemented the survey responses.Segments Identified: The study identified five segments, each making up 17% to 22% of themarket.• "Non-Traditionals" were most interested in using the Internet and/or buying insuranceat work.• Direct Buyers were more interested than others were in buying via…arrow_forward4. What specific marketing activities does Coppertone utilize to help Coppertone grow in the marketplace?arrow_forwardYour Task Evaluate how Wanda is currently applying each of the four Ps of marketing to the products Salty Pawz sells. Capture this in your written document so that Wanda can refer back to it as she begins to draft a marketing plan. • Once you have evaluated how Wanda is currently applying the four Ps to the products Salty Pawz sells, identify at least one new way that each of the four Ps could be improved. When making your recommendations, be as specific as possible so that she can execute some of your ideas immediately.arrow_forward
- 1. What methods does Jones Soda use to market its product? 2. How do these marketing methods help the company compete against the market giants? 3. Write a brief critique of the Jones Soda Web site and comment on its effectiveness as a marketing tool.arrow_forwardPrepare an actual mission and vision statement that will help guide the smoking cessation program.arrow_forward1). Identify a company that is publicly held and widely visible in an industry 2). Explain the company, product/service mix and target market. 3). Identify the "Four Major Types of Utility" of that institution. 4). Then identify the "Value Proposition" of that company and describe how each "Utility" supports the Value Proposition the company is marketing to the target market.arrow_forward
- Marketing Strategies: Research how DeBeers' positioned themselves through advertising, brand messaging, and promotional tactics. Marketing Segmentation: Identify and describe the market segments DeBeers targets, and how it meets (or creates!) various consumer needs. Explain who DeBeers targeted consumer is and why. Competitive Advantage: Analyze what gives DeBeers its edge, such as brand equity, market control, and exclusive partnerships. Explain how it differentiates itself from competitors and its unique value proposition. Global Impact: Assess DeBeers' influence on the global diamond market, including international strategies and regional adaptations.arrow_forwardHow is success measured when a firm pursues a focus strategy? Only industry-wide competitors can create similar value for the market segment. Broad-based competitors choose not to serve that same segment of the market. It is possible for the firm to pursue low cost and differentiation simultaneously. Firms are willing to link with suppliers and distributors to manage costs.arrow_forwardOrganica Pty Ltd manufactures protein bars. They have an established the product that is in the mature phase of the product life cycle but sales are falling due to increased competition. (a) List and describe TWO market segments Organica Pty Ltd could use to segment the market. (b) Name and explain ONE product strategy and ONE promotion strategy that Organica Pty Ltd could use to improve sales and remain competitive.arrow_forward
- papa john's current strategic strategyarrow_forwardWhat is the official name of the company for Apple? How does the company describe its industry? What is the mission of the organization? Present the organization’s mission statement. Provide a brief history of the organization Identify its main customers and competitorsarrow_forwardNeed help with Part 1 through 3arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Principles Of MarketingMarketingISBN:9780134492513Author:Kotler, Philip, Armstrong, Gary (gary M.)Publisher:Pearson Higher Education,MarketingMarketingISBN:9781259924040Author:Roger A. Kerin, Steven W. HartleyPublisher:McGraw-Hill EducationFoundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
- Marketing: An Introduction (13th Edition)MarketingISBN:9780134149530Author:Gary Armstrong, Philip KotlerPublisher:PEARSONContemporary MarketingMarketingISBN:9780357033777Author:Louis E. Boone, David L. KurtzPublisher:Cengage Learning
Principles Of Marketing
Marketing
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Pearson Higher Education,
Marketing
Marketing
ISBN:9781259924040
Author:Roger A. Kerin, Steven W. Hartley
Publisher:McGraw-Hill Education
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Marketing: An Introduction (13th Edition)
Marketing
ISBN:9780134149530
Author:Gary Armstrong, Philip Kotler
Publisher:PEARSON
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning