11/06/2007-
IRI Beverage
Alcohol Practice Helps Manufacturers Win on the Back Bar, on Tap
and in the Well
New IRI On-Premise Beverage Finds Americans Still
Prefer Beer but Venturing Outside Comfort Zone to Experience New
Categories, Products and Flavors
CHICAGO, Nov. 6, 2007 – What are the hottest
cocktails being served in bars, restaurants, clubs and hotels? While
trendy martinis and the latest pinot noir are popular, people still
love to guzzle beer at their favorite watering hole. In fact, beer
accounts for the majority of volume at 55.8 percent, followed by
spirits at 32.5 percent and wine at 11.4 percent, according to the
new On-Premise Insights Service™ from Information Resources,
Inc. (IRI). Unlike most “recall” surveys that collect
information after the fact, the new IRI service surveys consumers
at the point of consumption to uncover actionable insights that
will help beer, wine and spirits manufacturers and retailers to
more effectively identify performance drivers, better understand
on-premise consumer behaviors and improve merchandising and execution
to drive improved revenue growth and profits.
The IRI survey found that American consumers are expanding their
drink repertoire to include selections in all three beer, wine and
spirits segments. Consumers continue to be brand loyal, but they
are willing to venture outside their comfort zone to experience
new categories, products and flavors in the same or even high-priced
tiers. However, women are not as influenced by price as men.
Men and women of every age are drinking more, with consumers under
age 40 driving the greatest portion of growth across all categories,
according to IRI research. Younger consumers, aged 21-29, are most
open to trying new products, and single, affluent consumers in the
25-35 age range are driving new trends and premium brand sales.
“Because the latest trends and new brand launches often occur
in bars and restaurants before making it to the retail shelf, beverage
alcohol manufacturers must have a thorough understanding of consumers’
attitudes on premise,” says Bump Williams, general manager,
IRI Beer, Wine and Spirits Practice. “Recall surveys don’t
capture the type of consumption patterns and preferences required
to truly understand consumer behavior, so we’re sending in
our surveyors to discover what consumers are thinking at the time
of purchase. These are the actionable insights our clients need
to understand the on-premise consumer, so that they can increase
penetration of their brands and improve profits.”
The actionable insights from the IRI On-Premise Insights survey
will help beverage alcohol manufacturers and retailers make better
informed decisions by providing insights to such critical questions
as:
• Do we have the correct distribution?
• What’s my brand’s on-premise share in the category?
• Are we penetrating on-premise with the right products?
• Are my promotion dollars effective?
• What promotions are most effective?
• How does my distribution compare in each channel?
For the initial phase of the new offering, IRI surveyed consumers
in five major metropolitan markets—Boston, Dallas, Los Angeles,
Chicago and New York—to discover the most sought-after insights
in key trendsetting markets. On-premise locations are selected in
each market during different times of the week and weekend to capture
a wide variety of channels, including bars, restaurants, clubs,
hotels, location types and drink occasions. Surveyors focused on
such issues as the most popular beer, wine or spirit requested,
presence/type of drink specials, number of tap handles, size of
draft pour, beverage alcohol brands found on drink menus, and type
of point-of-sale items found, such as signage, coasters, table tents
and chalk boards.
For additional information about the On-Premise Insights Service
from IRI, the world’s leading global provider of consumer,
shopper, and retail market intelligence and insights for the consumer
packaged goods (CPG), healthcare and retail industries, please contact
Elena Amboyan at elena.amboyan@infores.com.
IRI Beer, Wine and Spirits Practice
The IRI Beer, Wine and Spirits industry vertical provides manufacturers,
distributors and retailers with market and store-level insights
specific to the beverage alcohol marketplace. The practice was formed
in response to the needs of manufacturers, distributors, and retailers
in this segment to better understand consumer decisions related
to beverage alcohol purchasing behaviors, attitudes, and preferences.
The IRI Beer, Wine and Spirits industry vertical offers a complete
suite of solutions, including account- and store-level tracking
that help its clients monitor, comprehend, compete, and act upon
within the rapidly evolving beverage alcohol market.
About Information Resources, Inc.
IRI is the world’s leading provider of consumer, shopper,
and retail market intelligence and insights supporting 95 percent
of the FORTUNE Global 500 consumer packaged goods (CPG), retail
and healthcare companies. Only IRI offers the unique combination
of integrated market information, automated and predictive analytics,
innovative enabling technologies, and domain expertise. With IRI,
leading retailers and manufacturers are able to quickly discover
breakthrough insights driving smarter decisions and actions across
the enterprise for breakthrough results. Companies around the world
depend on IRI for improved productivity, stronger brands, and dramatic
revenue growth. For more information, visit http://us.infores.com.
IRI CONTACTS:
John McIndoe
E-mail: john.mcindoe@infores.com
Phone: (312) 474-3862
Fax: (312) 474-2512
Shelley Hughes
E-mail: shelley.hughes@infores.com
Phone: (312) 474-3675
Fax: (312) 474-2512
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