Rave

Trend
Neutral
Jan-2024 Sales
$50K+
Product Count
13
Updated
February 7, 2024
Markets
Rave Historical Sales by Category

Market Insights Snapshot

In Massachusetts, Rave has shown a fluctuating yet noteworthy presence in the concentrates category. Starting in October 2023, Rave secured the 17th position, showing a promising leap to the 9th rank in November 2023, which is an impressive movement within such a competitive category. This peak was followed by a slight decline to the 15th position in December 2023 and further down to the 18th by January 2024. Despite these fluctuations, the significant jump in sales from October's $60,739 to November's $102,710 indicates a strong consumer interest and market dynamics favoring Rave at certain periods. The subsequent sales decline to $53,062 by January 2024, alongside the drop in rankings, suggests challenges in maintaining their market position amidst stiff competition.

Such performance trends in Massachusetts highlight the volatile nature of the concentrates market and Rave's ability to momentarily capture consumer interest at a high level. The brand's rankings indicate that while they have the potential to climb up the ranks, sustaining that position proves to be challenging. The absence from the top 20 in any month would have been concerning; however, Rave managed to stay within this competitive bracket throughout the observed period, showcasing resilience and potential for growth. Analyzing these movements provides valuable insights into Rave's market strategies and consumer reception, hinting at areas for potential improvement and opportunities to leverage their strengths further.

Jan-2024 Rank
Concentrates
18

Competitive Landscape

In the competitive landscape of the concentrates category in Massachusetts, Rave has shown a notable fluctuation in its market position over the recent months, moving from 17th in October 2023 to 9th in November, then slightly dropping to 15th in December, and settling at 18th in January 2024. This trajectory indicates a volatile market presence, with a peak in November where Rave significantly outperformed its October sales, only to see a decline in the following months. Key competitors include FloraCal Farms, which experienced a decline from October to December, but partially recovered in January. Theory Wellness and INSA both showed resilience with Theory Wellness making a notable jump to 12th in December before a slight drop in January, and INSA maintaining a relatively stable position. Sticky Fish saw a significant peak in November, ranking 8th, but faced a sharp decline to 25th in December, recovering slightly in January. Rave's fluctuating rank and sales amidst these dynamics suggest a competitive but challenging market environment, where shifts in consumer preference and market strategies by competitors could greatly affect its standing.

Rave market ranking for MA Concentrates

Notable Products

In January 2024, Rave saw Killer Queen XX Live Badder (1g) leading the sales among its products, marking its position at the top with 395 units sold. The newcomer, Strawberry Lotus Bubble Hash (1g), made an impressive entry directly into the second spot, showcasing the dynamic demand in the concentrates category. Pancake Stomper Live Badder (1g) and Gelato Shatter (1g) followed in third and fourth places, respectively, indicating a strong preference for concentrates among Rave's offerings. Notably, Gelato Live Badder (1g) experienced a slight decline, moving from the third position in December to the fifth in January. This shift highlights the competitive nature of Rave's product lineup and the changing preferences of its customer base.

Product Rank
Category
Oct-2023
Nov-2023
Dec-2023
Jan-2024
Killer Queen XX Live Badder (1g)
Concentrates
2
3
2
1
Strawberry Lotus Bubble Hash (1g)
Concentrates
>5
>5
>5
2
Pancake Stomper Live Badder (1g)
Concentrates
>5
>5
>5
3
Gelato Shatter (1g)
Concentrates
>5
>5
>5
4
Gelato Live Badder (1g)
Concentrates
>5
>5
3
5
View product & sales data

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