2. Consumer led innovation
In the world of fast moving consumer goods, only 1 out 10 products survive the first year of launch which means 9 out 10 fail! We have not found a silver magic bullet.. have you?
The good news is the team at Monash Food Innovation can help you to fast-track and reduce the risk of your innovations for both the domestic and export markets (China in particular).
We have collectively launched over 1000’s of products in global markets – who better to help you innovate. We have developed and refined a suite of tools that can be used to harvest your conceptual ideas into successful products. Not only do we bring best practice in innovation tools and methodologies, we also use best in class approaches to design and visualisation such as bringing your ideas and concepts to life with 3D design and prototyping.
PLAY Market Research
PLAY Market Research is our partner agency for all things consumer and shopper research. The team at PLAY are FMCG research veterans. They have worked with many of the world’s biggest brands for product and pack testing, NPD, innovation and shopper research, customer experience, online communities, brand & comms, market understanding, and more.
If you’d like to find out more about how Monash Food Innovation and PLAY work together to bring you a complete end-to-end research process CLICK HERE.
Whichever stage of the shopper’s journey you’d like to explore and whenever you need a consumer lens applied, the team at PLAY have got your back. Get in touch with them directly on 02 8097 0200 or via email@example.com. Alternatively, visit their website www.playmr.com.au to learn more.
What can MFI answer?
Understanding the current knowledge of the market
Identifying what you don’t know about the market
Understand the current product landscape in a competitive context
Identifying the white space opportunities for your product
What is the consumer’s perception of the product concept?
Consumer product labs
Understand how your consumers conceptualise your product and packaging experience by using real products and packaging to measure how consumers response to stimuli that will help guide your product and pack design
In-situ Usage Tests
Explore the usage of the product in-situ and gain insight into your consumers’ context and what influences their behaviour.
Monash Food Innovation has a full consumer inspired design-led approach that will create design guidelines or opportunity platforms that have been anchored in both the current market opportunities and will align with your consumers’ behaviour and needs.