BrandVision Brand Research - Weetabix Vision One

Breakfast Cereals – Brand Health Case Study


The UK Breakfast Cereal Market

There was a time when no breakfast was complete without cereal. However, cereal sales are falling as habits change, down by £78 million in the past year.

Not that there’s a lack of opportunity for a comeback. There are 21 billion breakfasts eaten in the UK every year and fewer people skip the meal now than in recent times, but foods such as cereal bars and coffee shop muffins are increasingly popular choices. While cereal brands are innovating to try and claw back some space on the table, the UK market is still dominated by familiar names. Weetabix remains the best-selling brand with sales worth almost £110 million, while four Kellogg’s cereals, led by Crunchy Nut, follow behind. As the competition gets ever fiercer, brand equity can play a crucial role in deciding which cereals win a place in the shopping trolley.

BrandVision Explained

Each time we encounter a brand – by seeing it, hearing about it or experiencing it – we build up a sense of what that brand is about. Some brands make us feel good. Others… don’t. But our perceptions matter because it affects our readiness to buy. We call this Brand Equity.

At Vision One, we know that understanding brand equity is only half the story. The other half is knowing how to improve it. But you can’t do one without the other, and that means measuring brand equity in order to take the next step.

This abbreviated case study looks at one of the most popular and well-known cereal brands, Weetabix, and how its brand equity shapes up using BrandVision – a strategic tool that helps brand owners make informed decisions to maintain and grow their brand with confidence.

Brand Wheel

The Brand Equity Wheel is at the hub of our BrandVision and comprises of three key themes which help create the overall measure for Brand Equity (otherwise known as Brand Index)

  1. Saliency. Firstly, Saliency marks the start of a customer’s journey. How aware are they of the brand? How prominent is the consideration? Is the brand growing?
  2. Image. Secondly, Brand Image refers to how the brand is perceived. Is it a leader or is it unique? Does it meet the customer’s needs? Does it offer good value?
  3. Relationship. Finally, Brand Relationship looks at the bond customers have. Are the customer’s loyal? Are they likely to recommend the brand? What emotions does the brand evoke?

There’s plenty of choice on the supermarket cereal aisle, but judged alongside these three other leading brands, Weetabix has the tastiest brand equity score with 71 points. However, competition for a place in the cereal bowl is strong, with Special K just behind on 68, and Kellogg’s Corn Flakes catching up fast too.

The Brand Funnel

The Brand Funnel Vision One

The brand funnel is made up of five key metrics that map the customer's journey to becoming brand loyal.

  1. Awareness
  2. Consideration
  3. Trial
  4. Satisfaction
  5. Loyalty

Every brand has a unique brand structure. Comparisons with key competitors will help identify future opportunities. Overall, Weetabix has a strong brand funnel structure, with very high levels for Brand awareness and Customer Loyalty. The resulting brand loyalty metric of 63% is way above the average of 27%.

Mindshare

Mindshare is our unique measure of awareness. It takes into account different aspects of awareness, including prompted awareness, spontaneous awareness and top of mind 'first mention'.

Kelloggs Cornflakes and Special K both have very high spontaneous first mention, suggesting these brands dominate top-of-mind awareness for most people. Sugar Puffs and Krave have low Mindshare - perhaps a reflection they may seek to appeal to children rather than adults.

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