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Global Executives Survey: Craft Products - Consumer Expectations and Organizations Strategic Approach

Published: Dec-2014 | Format: PDF | Canadean | Number of pages: 44 | Code: MRS - 2803

 

Global Executives Survey: Craft Products Consumer Expectations and Organizations Strategic Approach” is a new report by Canadean that analyzes key attributes associated with craft products, opinion about capability of major brands/ multinational businesses to launch “craft” products. The report also examines executive opinion about the projected change in number of craft product launches in the industry over the next three years, and analyzes budget expectations for craft production over the next twelve months. Furthermore, the report analyzes the significance of craft production from consumer, industry, and company points of view.

 

Key Findings

 

Executives foresee an increase in the number of craft product launches over the next three years
Individualized packaging is vital for launching craft products
Consumers will look for craft products at specialist stores, small independent stores, and online channels over the next three years
High quality and increased customization is influencing customers towards craft products
Higher cost and limited availability are restricting consumers from purchasing craft products

 

Synopsis

 

This report is the result of an extensive survey drawn from Canadean's exclusive panel of leading global FMCG industry executives. The report analyzes the importance of craft production from company, industry, and consumer standpoints and examines organizations intentions about working with any smaller, local brands over the next three years to produce/distribute craft products. Furthermore, it provides information about consumers on the basis of gender, age, and income who are most likely to use craft products. Moreover, the report examines factors which are influencing consumers towards craft products and identifies places where consumers will look for craft products during the next three years.

 

In particular, it provides an in-depth analysis of the following:

 

Significance of craft production: examines the importance of craft production from company, industry, and consumers' point of view over the next three years
Projected change in number of craft product launches over the next three years: analyzes expected change in number of craft product launches over the next three years
Expected budget for craft production: evaluates budgets projected by organizations dedicated for craft production during the next twelve months
Perception about craft brand: determines whether organizations view craft brands as an opportunity or a threat to their brand over the next three years
Significance of individualized packaging: analyzes the importance of individualized packaging for organizations when it comes to launching craft products
Places where consumers will seek out craft products over the next three years: provides information about places where consumers will look for craft products during the next three years
Factors influencing consumers towards craft products: analyzes reasons which are driving consumers towards craft products
Challenges towards purchasing of craft products: identifies the biggest inhibitors faced by consumers in purchasing craft products

 

Reasons To Buy

 

The report highlights executive's opinion about capability of major brands/ multinational businesses to launch “craft” products. The results could allow readers to make effective business decisions
The report assists readers in making strategic decisions by understanding the significance of craft production from company, industry and consumer point of view over the next three years
Organizations are provided information about projected budget for craft production over the next twelve months. This helps to restructure expansion plans and organize funds
The report identifies consumers on the basis of age, gender and income which are most likely to use craft products. This helps organizations to improve marketing campaigns and sales strategy
The report helps industry executives to improve operations by understanding the challenges faced by consumers in purchasing craft products.

 

 

Table of Contents


Organizations recognize that the desire for craft production is a growing trend, however, it is not at the forefront of many businesses future objectives
Marketers are aware of the varying consumer groups which are attracted to craft production, but adapting marketing strategies to attract consumers’ attention should be a priority
Organizations view that consumers have a greater understanding of craft production, however, greater education is considered key to avoid consumer skepticism regarding its gimmick perception

List of Tables
List of Figures

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