Meat Substitutes Category Performance is Bottom League of Key E-Commerce Metric, 'Revenue per Asin'
A capsule: Meat Substitutes is a raw category, and here are the top products, and he amount of 'Reviews per Product' is now higher than it has ever been in the recent period of the 'Meat Substitutes' category. The 'Meat Substitutes' category has shifted, with 'Average Reviews' changing by 12.9%.
Production Lead: Eric Jackson
Editor:
Sam Bernards
Published July, 2022
Why is the 'Meat Substitutes' category underperforming?
The 'Meat Substitutes' category has plopped on the bottom level in the E-commerce metric, 'Revenue per ASIN', within the last 30 days, placing its brands and products among the E-commerce long shots. Currently at $4,875, this is a 96.0% reduction from the recent average 'Revenue per ASIN' of $121,666 within the E-commerce sectors we cover.
What is the performance of the category leading products?
This Leaderboard shows the category leaders within the category during the last 30 days. Typically these 10 products earn significantly more revenue than the other products within the category. The strategy to over-spend on advertising and marketing until one's product achieves a rank within the Leaderboard frequently has a benefit other than a magnitude increase in revenue, which is that organic ranking becomes more likely the closer a product gets to the #1 position in the Leaderboard--at which point paid advertising can become unnecessary. The longer a product can stay at the top of this Leaderboard, the more momentum it achieves.
|
Leaderboard Rank
|
Product Image
|
Product
|
Price
|
Monthly Revenue
|
|
#1
|
|
B07XVQ1VR1 | Bob's Red Mill TVP (Textured Vegetable Protein), 12-ounce (Pack of 4)
|
$19.16
|
$28.6K to $34.9K
|
|
#2
|
|
B08TTGJT6H | Anthony's Organic Textured Vegetable Protein Chunks and Pieces, TVP, 1...
|
$12.79
|
$24.1K to $29.4K
|
|
#3
|
|
B0118YGKWS | Loma Linda - Plant-Based Kosher - Big Franks 20 oz (Pack of 12)
|
$91.99
|
$23.0K to $28.1K
|
|
#4
|
|
B09Y8NWZNT | Loma Linda - Plant-Based Meat Substitute 15oz (Big Franks 12 pack)
|
$68.99
|
$22.5K to $27.5K
|
|
#5
|
|
B00CC0VSR0 | Primal Spirit Vegan Jerky - Our Sampler Pack, 10g. Plant Based Protein...
|
$23.95
|
$19.2K to $23.4K
|
|
#6
|
|
B09V9P8MGW | Mori-Nu Silken Tofu Lite Firm | Velvety Smooth and Creamy | Low Fat, G...
|
$125.00
|
$18.6K to $22.7K
|
|
#7
|
|
B0B1H6JWJG | Mori-Nu Silken Tofu Extra Firm | Velvety Smooth and Creamy | Low Fat, ...
|
$7.50
|
$18.0K to $22.0K
|
|
#8
|
|
B0118YGLSG | Loma Linda - Plant-Based - Choplets - Kosher, 1.25 Pound (Pack of 12)
|
$97.99
|
$13.2K to $16.2K
|
|
#9
|
|
B096SYQYXB | Meatless Crumbles, Soy Free, Non-GMO, Vegan, 45g Protein, 0g Net Carb,...
|
$37.95
|
$11.8K to $14.4K
|
|
#10
|
|
B09R9G44NT | Textured Vegetable Protein (TVP), 1 lb. Bag, Natural Plant Based Vegan...
|
$11.99
|
$10.4K to $12.7K
|
Revenue share of the top-performing products
Why is 'Reviews Per Asin' at a high level?
The 'Reviews per ASIN' measure is a measure of consumer conversion within the category. A high level is a flag that there is a blend of good consumer demand and good brand performance on customer service and satisfaction, and that the competitive landscape is full of good brands that may be difficult to displace. A low level is a flag that there are fundamental problems, and that there is opportunity for brands to compete and win in a relatively weak competitive landscape.
Where has the Average Reviews moved to?
A product's review count is one of the most critical components of the E-commerce search algorithm. The recent change from 485 to 547, a change of 12.9%, is a signal that the category is moving towards higher, more intense competition and seasonal change.
In conclusion, category performance of the top brands and products within 'Meat Substitutes' shows that it is struggling to gain consumer confidence. While this may be an opportunity for the brands which are willing to persist in marketing the category's presence and products until consumers show a critical mass of conversion, astute brands will round out their product portfolio with other categories instead of being reliant on this one, the recent performance of ASIN #B0B1H6JWJG ('Mori-Nu Silken Tofu Extra Firm | Velvety...' by Mori-Nu) shows that it is the new benchmark., the recent high of the 'Reviews Per Product' metric is a an important sign for the leading brands in the 'Meat Substitutes' category. For those brands which have products in this category but have not yet expanded into E-commerce, consider this to be your call to action before incumbents become too entrenched., the recent shift in review count is a call to action for those brands which are under-performing--specifically that a stronger focus on marketing and conversion is increasingly important in order to not be left behind.