SNACKs insights Flashcards
Brick’s back, baby
IRL stores are making a postpandemic comeback as retailers invest in physical presences to boost sales. In the US, retailers are on pace to open 1K net new stores this year
Buybuy more: He added that folks rack up bigger — and pricier — baby registries in actual stores versus online. If out of sight = out of mind, then in sight = in the cart.
IRL, specialty is key… People go to sites like Amazon and Shein for volume and variety, but a physical store that provided that same selection would be overwhelming (you’d be in a warehouse). Bed Bath & Beyond failed in part because it was trying to compete with Amazon with a slew of cheaper private-label brands. But for specialty bigger-ticket buys like strollers, mattresses, Nespresso machines, and Warby Parker prescription glasses, physical stores may have an edge.
Hangover cure market
Beyond aspirin and Gatorade… So-called functional food and beverages like vitamin-packed energy drinks, electrolyte-boosted water, and spirulina powders are booming, including a niche in the category: products that claim to cure hangovers and counter the effects of boozy brunches. The market for supposed hangover remedies was valued at $2B last year, and is predicted to grow 15% yearly.
The placebo effect sells… Whether “functional products” actually work is often debated. Health professionals and scientists remain skeptical at best. Still, plenty of consumers are snapping up quick fixes to address their ailments. From calm-inducing chocolates and CBD drinks to collagen powders and focus gummies — and Goop’s * checks notes * shame-preventing essence blend — buying “solutions” can feel like a solution in itself.
Drug pricing in US revamping
The industry’s notorious for its lack of pricing transparency, which has created opportunities for discount-drug disruptors like Mark Cuban’s Cost Plus Drugs and Amazon’s $5/month unlimited meds subscription. The newcomers are off to a strong start
Competition creates comparisons… The rise of discount-drug suppliers has ignited a shift in the healthcare industry, prioritizing price transparency. Now legacy drug providers like CVS are having to adapt or risk being replaced. A shoppable marketplace for healthcare services could create up to $81B in savings for consumers, employers, and insurers by 2025.
