IRI Announces the Most Successful New Brands of 2007
IRI New Product Pacesetters Report Finds Winning New Brands Deliver Health and Wellness Solutions and Unique Product Experiences CHICAGO & ORLANDO, Fla.--(Business Wire)-- The most successful new consumer packaged goods (CPG) brands were revealed today by Information Resources, Inc (IRI), the leading global provider of consumer, shopper, and market insights for CPG, retail, and healthcare industries, at the 2008 IRI Reinventing CPG & Retail Summit. The highly anticipated New Product Pacesetters report, now in its thirteenth year, showcases brands that beat the new product odds to drive growth through innovation. "These brands are case studies in how to surpass abysmally low new product success rates in the CPG marketplace, where less than 5 percent of new brands reach $50 million in year one sales," said Anne Berlack, executive vice president, IRI Business and Consumer Insights. "The New Product Pacesetters report highlights not only the brands that won over consumers, but also what distinguishes them from the thousands of other products available on store shelves today." Top 10 Food and Beverage Brands While taste, variety, and convenience continue to be important to consumers, health and wellness reign supreme. This year's winners offer high-demand nutrition, weight management, and disease management solutions. Their success points to a fundamental shift in consumers' perceptions of food--not only a source of enjoyment and satisfaction, but a health solution with the potential to deliver very specific benefits, such as low sodium to manage high blood pressure, probiotics to boost immunity, and whole grains for a healthy heart. -0- *T 2006-2007 New Product Pacesetters: Top 10 Food & Beverage Brands (Mil $) (Total Year One Dollar Sales across Food, Drug, Mass Channels, excluding Wal-Mart) Campbell's Reduced Sodium Soup $101 Bird's Eye Steamfresh Frozen Vegetables $87 Vault/Vault Zero Regular/Diet Soft Drinks $70 Gatorade A.M. Sports Drinks $70 General Mills Fiber One Chewy Bars $64 Heineken Premium Light Lager Beer $63 Dannon DanActive Probiotic Dairy Drinks $63 Sara Lee Heart Hearty and Delicious Breads $63 Dannon Activia Light Yogurt $62 Jazz Diet Pepsi $56 Source: IRI New Product Profiler(TM) *T "During the next year, demand will explode for functional food and beverages that deliver health benefits beyond basic nutrition," added Berlack. "Retailers and manufacturers that marry functional benefits with effective consumer education, as Dannon did this year with DanActive immunity-boosting beverages, will win big." Top 10 Non-Food Brands The most successful new non-food brands raised the bar on performance and delivered unique new experiences. From a more comfortable fit with Huggies Supreme Natural Fit diapers to professional-power oral care from Crest Pro Health, Pacesetters set new consumer expectations. There was also a heavy focus this year on creating a more pleasant experience in everyday chores and personal care with aromatherapy scents in home care and hair care products as wellness extends beyond food and beverages. -0- *T 2006-2007 New Product Pacesetters: Top 10 Non-Food Brands (Mil $) (Total Year One Dollar Sales across Food, Drug, Mass Channels, excluding Wal-Mart) Huggies Supreme Natural Fit Diapers $171 Herbal Essences Hair Care $154 L'Oreal Vive Pro Hair Care $83 Nexxus Salon Hair Care $76 Sunsilk Hair Care $70 Tide Simple Pleasures Detergent $66 Gain Joyful Expressions Detergent $66 Plan B Female Contraceptives $61 Febreze Noticeables Air Freshener $61 Crest Pro-Health Toothpaste $61 Source: IRI New Product Profiler(TM) *T "The phenomenal success of these brands in slow-growth, mature markets prove the power of innovation," said Berlack. "These brands are re-defining category expectations, making laundry a sensory experience, for instance, or hair care a highly-targeted solution. Other companies can benefit from studying these best practice examples to significantly improve new product success." About the Report The IRI New Product Pacesetters report will be featured in the March issue of IRI's monthly Times & Trends publication, which will be available to download at www.infores.com. The findings of this report were compiled based on insights from IRI New Product Profiler(TM), an interactive solution drawing upon an historical product database that empowers CPG marketers to analyze the critical success factors of the strongest new product introductions. About Information Resources, Inc. Information Resources, Inc. (IRI) is the world's leading global provider of consumer, shopper, and retail market intelligence and insights, empowering consumer packaged goods (CPG), retail, and healthcare companies to grow their business profitably in a complex marketplace. Driving breakthrough growth in the industries it serves, the company's portfolio of services, solutions, and technology enable leading retailers and their suppliers around the globe to see what they are missing, act faster with greater confidence, and win at the shelf. Ninety-five percent of the FORTUNE Global 500 in CPG and retail leverage IRI to power their business. For more information, visit: www.infores.com. IRI John McIndoe E-mail: john.mcindoe@infores.com Phone: (312) 474-3862 Fax: (312) 474-2512 or Shelley Hughes E-mail: shelley.hughes@infores.com Phone: (312) 474-3675 Fax: (312) 474-2512 Copyright Business Wire 2008
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