60% of packaged food (health brands) fail in first year, 90% in <5 years. Why? As humans we value how we look outside, more than how we feel inside. You can't flaunt packaged food, as eating food is a private activity. Categories like personal care, electronics, apparel, jewellery operates at a gross margin of 70-90% (charing premium and which helps human signal status) whereas in packaged foods it drops to 40-60% (then comes shelf life [returns], distribution, indian taste buds changing every 100 km and boredom from eating similar food). Though eating healthy comes with its benefits (soothing skin, shiny hair and holistic well being), but it takes time and above all no one will see the grind behind. Basically it's our monkey brain taking over for intrinsic gratification killing long term gains. Insights from https://lnkd.in/gKT4nDS6 (must read) P.S. This was more related to 'healthy' packaged food, fundamentals apply to general as well. #fmcg #branding #food #health #packaging #packagedfood #entrepreneurship
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Try DrillLens to look into what you are actually eating. Just upload a photo of your food ingredients and Voila! https://www.thedrill.in/pages/drilllens Udit J.