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Published byBuddy Heath Modified over 8 years ago
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Blue Apron Section 303 Team 9 Yousuf Alnoamany Caitlin Degregorio Raanan Sayag Congrong LIU
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Executive Summary Research Exploratory research suggest additional meal options worth investigating further Survey analysis shows 30% of respondents don’t use Blue Apron due to limited menu options Survey Analysis shows higher marginal WTP for respondents with dietary restrictions. Survey Analysis shows lactose intolerant with highest WTP Additional tools to consider are conjoint analysis with regression analytics. Recommendation Rerun analysis on representative data sample If same results hold investigate the opportunity of lactose intolerant and similar dietary accommodating menu options.
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Exploratory Research: Interviews Target Individuals who cook and may have dietary restrictions Why Blue Apron Time Saving Learn new recipes Use Cases During Busy weekdays To skip grocery shopping Competitors/Alternatives Grocery shopping and making own meal. Not eating out. Reasons not to use the service Menu limitations Price Willingness to use with new menu options Positive
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Quantitative Analysis: Survey Backward Market Research Importance of menu options for dietary restrictions Marginal WTP for more menu options Demographics correlation and external factors 44 respondents* Results 55% with dietary restrictions 30% will not consider blue apron for menu limitation reasons. 57% of respondents with dietary restrictions will pay a marginal value (avg $6.7) for new menu options. Lactose intolerant respondents have highest WTP (avg $8.7) * Data sample not representative
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Quantitative Analysis: Survey Design 44 responses – not representative of general population
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Quantitative Analysis: Survey Results
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Demand for additional options exist; MWTP = $4.5 57% have food-related restrictions 23% - low carbs; 20% - lactose free; 14% - gluten free But 40% of them are not willing to pay more Overall MWTP = $4.5 Total: No Food Restrictions Food Restrictions Total59% Most people with restrictions are willing to pay more, though
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Additional Tools Conjoint Analysis Modify existing product Pricing research Relative position to competitors Implementation Adjust survey results to include attribute and levels Run regression to compute part worth using dummy variables Insight Determine best product line extension and pricing Perceptual Maps Reposition Blue Apron Identify new product opportunities. Implementation Attribute based perceptual map Insight
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