FMCG concept test

A large proportion of all new products introduced in the retail landscape disappear from the shelves within 6 to 12 months. New Product Development (NPD) is a time-consuming and costly process, in which virtually all departments within your organization (sales, category management, marketing, logistics, etc.) are closely involved. When product ideas do not sufficiently meet consumer needs, the chances of a successful introduction are slim.

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To find out whether your concept has potential and to save unnecessary costs, it is useful to have a concept test carried out. In a competitive market within the category, the concept test provides additional evidence of the potential of a launch to retailers. This gives you insight into the strengths and weaknesses of the idea in advance and increases the chance of a successful launch.

The concept test

Markteffect developed an online concept test that provides insight into the potential of a (new) concept. All introductions are tested (and, if necessary, compared) within our consumer panel among category buyers on five standardized aspects. In addition, it is possible to add one or more customized questions to the survey.

Thanks to its semi-automated setup, Markteffect offers Markteffect customers a clear and effective tool for gaining quick and cost-efficient insight into the potential of its product innovations.

The FMCG concept test is already offered and conducted in more than 65 countries worldwide.

time

Fast and cost-effective solution

report-1

Clear and in-depth reports

purchase

Including purchase intent with explanation

search

Understanding potential and assessment

success

Higher chance of successful introduction

Markteffect Index (MPI)

The concept test includes a validated benchmark as standard: the Markteffect Index (MPI). The MPI has been developed on the basis of years of research and combines six different aspects. This index score puts the results of your research into perspective at a glance and provides insight into whether the score you have achieved is a good score or not.

Markteffect it Markteffect important to ensure that you can make decisions based on the best and most relevant insights.

Similar cases

To give you a good idea of how market research works in practice and what it can do for you, we've put together a few cool case studies. You might recognize some of the issues, because you've probably come across them in your own organization.

Product concept test:
Kalfire E-one electric fireplace

Steering based on market research:
Market effect &Swiss Sense

Brand tracker research forDe Mandemakers Groep (DMG)

Market exploration forVeerse Meer Water Park

<p>Patrick <span>Evers</span></p>

Patrick Evers

Client Consultant