For centuries, the way in which consumers interacted with food had been dictated by a set of fixed factors. With evolving consumer demand and growing innovation, however, thousands of tech developers are now trying to help a much more complex consumer choose, buy, and measure the impact of food.
While no two consumers are alike, there are a total of six value drivers that impact consumers’ food choices today and four distinct stages of consumer interaction with food, as represented in the graph below.
The drastic uneven distribution of companies across each stage of the consumer journey points to ample room for improvement in offerings. Developers should focus on solutions that cater to multiple value drivers guiding consumers across the complete consumer journey.
Food and electronics companies alike must critically think about their products’ positioning toward consumers, and remember that consumer needs and desires are constantly changing; developers must not become complacent or risk losing substantial market share to more forward-thinking competitors.
By: Camilla Stice