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Market Share and Sales Trends in the Total US Market

Market Share and Sales Trends in the Total US Market

Analyzing evolving market dynamics and consumer preferences to optimize sales and market strategies.

Industry: Healthcare/Retail
Functional Area: Marketing/Sales

Project Info

  • Client:

    Digital Health Platform | UAE

  • Services:

    Credit Restoration

  • Date:

    February 12, 2024

  • Category:

    Finance

  • Team:

    Jonathan Hunt

Business Objective/Challenges:

  • Understanding changes in market share and online sales penetration across various product categories
  • Identifying growth or decline trends among different manufacturers and sectors.
  • Adapting business strategies in response to shifts in consumer purchasing behaviors.

Solution/Approach

  • The study utilized weekly data from Numerator to analyze sales performance and market share trends, focusing on different categories such as Health & Beauty Care, Baby Products, and others. This data was then processed and visualized using Snowflake and Power BI to generate actionable insights.

Technologies

  • Numerator for data sourcing
  • Snowflake for data storage
  • Power BI for data visualization

System Architecture:

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Business Outcome/Benefits/Results:

  • Detailed understanding of market share dynamics and online sales penetration.
  • Identification of strong and weak performing categories and manufacturers.
  • Enhanced strategic decision-making based on consumer trends and performance analysis.
  • Recommendations for optimizing product portfolios and boosting online sales, particularly in underperforming areas.

Team size:

  • 6 Members

Duration of Project in Months:

  • 7 Month