One of the
most challenging things about selling in the consumer packaged goods arena is
determining the wants and needs of various demographics. Things like age,
ethnicity and gender greatly influence consumer buying behaviour, and it can be
difficult to hit the nail on the head when it comes to meeting each target
market.
Check out
this great article from Canadian Grocer,
“New BrandSpark study shows how Canadian ethnic buyers shop”: www.canadiangrocer.com/top-stories/new-brandspark-study-shows-how-canadian-ethnic-buyers-shop-43031. In it, results from BrandSpark
International’s 2014 Canadian Ethnic
Shopper Study were examined, and the author discussed the
buying habits of more than 8800 Canadians of South Asian, Chinese and East
Asian backgrounds.
Notable findings:
-
Price matters: 72% of East Asian
Canadians cited value as the most important factor, along with 68% of Chinese
Canadians and 66% of South Asian Canadians, compared with 62% of Canadians
overall.
-
Brand loyalty: South Asians and East
Asians are far more likely to also say they’ll choose their favourite brands
regardless of the price — 21% and 17%, respectively. Only 10% of Chinese Canadians
and Canadians overall placed the same importance on brand names.
In terms of buying choices, there is a big difference
in ethnic consumers’ view of ready-made, pre-packaged foods. 54% of Chinese
respondents said they’d picked up a ready-to-eat meal for dinner in the past
week. 48% of South Asians and 46% of East Asians said the same thing, compared
to only 32% of Canadians overall.
When it comes to consumer buying behaviour, are you
delivering what they want? Does your product packaging hit on the points that
influence buying decisions? If not, these findings might help to motivate
change.
Make sure that your custom packaging takes into
account consumer buying behaviour. Call Packaging Technologies Inc. today at 1-800-303-5883.
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