the Joshua Schall Audio Experience

What the Supplement Industry Doesn't Understand | Beginner Endurance Activity Consumer "Blue Ocean"


Listen Later

Even after shining a spotlight on arguably one of the largest “blue oceans” just over two years ago, it seems inattentional blindness continues to plague most supplement brands. But within the supplement industry…maybe the phenomenon of missing something so obvious could be attributed to being distracted by the same old way or even disbelief that there’s a simpler opportunity. The “sports nutrition” niche of the supplement industry is a graveyard of once-buzzy brands that abruptly stopped growing…at least in part because they never had a solid strategic plan to turn anyone into a customer who wasn’t already relatively fit. In July 2022, I explored a related topic, showing through a collection of different statistics that spanned race signups, connected fitness average workout by subscriber data, wearables activity levels, and even national/state park visitation numbers…that there was widespread growth across endurance activity type, interest, and competitive level. Additionally, I presented several other "Great Shutdown" accelerated “drivers of demand” that showed how drastically different the fitness landscape became, thus providing the needed shifts in consumer behavior that could fuel new commercial opportunities within the supplement industry. But while change absolutely happened from 2020 to 2022...these last two years have been an equally chaotic period for the fitness landscape. So, I'll re-examine a few previously utilized statistical trends for their stickiness level and then also explore a few new data stories (like the rise of run clubs, longevity and healthspan trend, fit lifestyle sports nutrition shift) that encompass today’s fitness vibes. But does this compelling data storytelling around potential long-term consumer behavior change justify a strategic action by brand owners within the “sports nutrition” niche of the supplement industry? Because oftentimes the best approach is to let others better serve that market. That being said, I'll re-examine two sports nutrition brands (Science in Sport and Bare Performance Nutrition (BPN)) that are authentically serving the endurance activity market. Plus, I'll add a new dynamic to this discussion with Raw Nutrition recently launching a subline of sports nutrition products called Raw Endurance. Additionally, I'll tackle key strategic elements like product strategy because it’s important to meet the endurance activity consumer where they are right now (and consider future adjacencies). Finally, I remind supplement brand owners that the biggest “blue ocean” opportunity is through incrementality. That’s why I talked about the foundational human movements of walking, hiking, biking, and running…as it provides you with a chance to turning a “beginner” into a customer. And what I mean by a “beginner” isn’t the typical fitness industry definition of someone relatively young (and capable) who wants to become more conventionally attractive, get swole, or learn a trendy workout. I’m talking about most adult Americans who don’t currently hit the CDC’s recommended minimums for regular exercise. More than ever, humans are beginning to realize that movement is an essential component in quality of life…but what the supplement industry doesn’t understand is that being distracted by the same old way or even disbelief that there’s a simpler opportunity is leaving significant underserved audiences of true beginners (with enormous demand).

FOLLOW ME ON MY SOCIAL MEDIA ACCOUNTS

  • ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LINKEDIN⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠
  • ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠YOUTUBE⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠
  • ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TWITTER⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠
  • ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠INSTAGRAM⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠
  • ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠FACEBOOK⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠
  • ...more
    View all episodesView all episodes
    Download on the App Store

    the Joshua Schall Audio ExperienceBy Joshua Schall

    • 4.8
    • 4.8
    • 4.8
    • 4.8
    • 4.8

    4.8

    17 ratings


    More shows like the Joshua Schall Audio Experience

    View all
    Planet Money by NPR

    Planet Money

    30,681 Listeners

    Pivot by New York Magazine

    Pivot

    9,522 Listeners

    The a16z Show by Andreessen Horowitz

    The a16z Show

    1,092 Listeners

    The Skinny Confidential Him And Her Show by Lauryn Bosstick and Michael Bosstick / Dear Media

    The Skinny Confidential Him And Her Show

    14,992 Listeners

    How I Built This with Guy Raz by Guy Raz | Wondery

    How I Built This with Guy Raz

    30,200 Listeners

    The Daily by The New York Times

    The Daily

    112,238 Listeners

    Masters of Scale by WaitWhat

    Masters of Scale

    3,988 Listeners

    The Diary Of A CEO with Steven Bartlett by DOAC

    The Diary Of A CEO with Steven Bartlett

    8,462 Listeners

    The Peter Attia Drive by Peter Attia, MD

    The Peter Attia Drive

    8,522 Listeners

    The Journal. by The Wall Street Journal & Spotify Studios

    The Journal.

    6,092 Listeners

    All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

    All-In with Chamath, Jason, Sacks & Friedberg

    9,927 Listeners

    When It Hits the Fan by BBC Radio 4

    When It Hits the Fan

    49 Listeners

    How To Win An Election by Times Radio

    How To Win An Election

    26 Listeners

    Prof G Markets by Vox Media Podcast Network

    Prof G Markets

    1,420 Listeners

    Christiane Amanpour Presents: The Ex Files by Global

    Christiane Amanpour Presents: The Ex Files

    304 Listeners