Mexican-Inspired Foods - Growth Strategy
Project scope
Categories
Market research Competitive analysis Market expansion Product or service launchSkills
market potential regulatory compliance product lining fast moving consumer goods new product development market research positioning strategy corporate strategy market segmentationSaboré is a new brand Mexican-inspired foods with a healthy twist. The brand will capitalize on the growing demand for international cuisine in Canada (fueled by immigration), on the expanding wellness market, and on upcoming food labelling regulations highlighting the nutritional content of packaged foods.
The brand will start with a portfolio of dipping salsas, and the goal of the project is to create a recommendation of growth avenues defining where the largest opportunities are across packaged food categories.
Key tasks include:
- Conducting online market research & competitive benchmark across US & Canada
- Developing a growth strategy for the brand: what are the right categories to expand after salsas?, what is the size of the opportunity? what types of products should Tasty Tierra launch within the recommended categories? what are the key product elements that are needed to be differentiated in such categories?
- Supporting with the online presence of the brand (social media posts, website, awareness tactics)
The project will result in the following deliverables:
- Awareness Tactics (social media, website, etc). Depending on students skills
- A comprehensive market research report identifying key trends and consumer preferences including health trends
- A growth strategy highlighting which categories were considered for growth, and this categories are recommended. The growth strategy should answer the following questions: what are the right categories to expand after salsas?, what is the size of the opportunity? what types of products should Tasty Tierra launch within the recommended categories? what are the key product elements that are needed to be differentiated in such categories?
Providing specialized, in-depth knowledge and general industry insights for a comprehensive understanding.
Direct involvement in project tasks, offering guidance, and demonstrating techniques.
Supported causes
The global challenges this project addresses, aligning with the United Nations Sustainable Development Goals (SDGs). Learn more about all 17 SDGs here.
About the company
Saboré brings Mexican joy to your table with our locally crafted foods!
We blend México’s vibrant sabor with a healthy twist, using the freshest local ingredients.
Each bite is a celebration of familia and salud.
Problem being solved: Family and friend gatherings usually leads to ditching healthy lifestyle as you prioritize taste. Saboré is here to change that! With delicious Mexican-inspired foods, you will keep your healthy lifestyle on track. Focus on making memories while we handle the tasty, wholesome food ;)