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Jun-2024
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Overview
Market Insights Snapshot
Good Feels Inc has shown a strong performance in the Beverage category within Massachusetts. The brand maintained its rank at number 2 in March and April 2024, before climbing to the top spot in May and June 2024. This upward movement indicates a growing consumer preference and effective market strategies. Despite a slight dip in sales in May, the brand quickly recovered and saw an increase in June, reflecting resilience and consistent demand in the market.
However, it's important to note that Good Feels Inc did not appear in the top 30 brands in any other state or category during these months. This could be seen as a limitation in the brand's market reach and influence outside of Massachusetts. The absence from the top rankings in other states suggests potential areas for growth and expansion. By focusing on these opportunities, Good Feels Inc could potentially replicate its success in Massachusetts across other regions.
Competitive Landscape
In the Massachusetts beverage category, Good Feels Inc has shown a strong performance, maintaining its top rank in both May and June 2024, after climbing from the second position in March and April 2024. This upward trend indicates a solid market presence and growing consumer preference. Notably, Levia has consistently held the second position, closely trailing Good Feels Inc, which suggests a competitive rivalry that could influence future market dynamics. Meanwhile, Hi5 Seltzer has also shown an upward trajectory, moving from the fourth to the third rank by June 2024. This competitive landscape highlights the importance for Good Feels Inc to continue innovating and maintaining high consumer satisfaction to sustain its leading position amidst strong contenders.
Notable Products
In June 2024, the top-performing product for Good Feels Inc was Good Vibez- Unflavored Syrup (500mg), maintaining its first-place ranking for three consecutive months with sales figures of 1790 units. The second spot was held by Good Vibez- Watermelon Fast Acting Syrup (500mg THC, 30ml), which has consistently ranked in the top three, showing a slight increase in sales to 1241 units. Good Vibez- Grape Syrup (500mg) secured the third position, remaining stable in its ranking over the past few months. Good Vibez- Strawberry Syrup (500mg) experienced a slight drop to the fourth position, while Good Vibez- Blue Raspberry Syrup (500mg) maintained its fifth-place ranking since its debut in May. Overall, the product rankings for June 2024 show a stable performance with minor fluctuations in sales figures.
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