Eco Zest
Eco Zest
ZEST
CO. SSUUSSTTAAIINNAABBLLEE VVEE
GGGGIIEE
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“Plant-based goodness
in every bite”
Milestone 1
Introduction and Team Composition 1-8
Market Sizing 21 - 24
Solution 25 -27
Customer Persona 28
Milestone 2
Competitors Analysis 30-31
Milestone 3
Financial Statement 36-44
Brand Framework 46
Milestone 4
Funding Plan 47
1
ECO ZEST CO.
CEO
JAZEN OMBINA
FINANCE MANAGER
MA. ANTONILA CAMACHO
2
Strengths and Abilities
3
Strengths and Abilities
4
Role/Position
Position Description
5
Operation Oversees daily business activities, organizes
Manager departments, and executes efficiency and productivity
methods. They are critical in simplifying activities,
lowering costs, and contributing to overall corporate
(For Hire)
performance by upholding quality standards.
Marketing
Sales Manager Coordinates marketing strategies, manages sales teams,
and analyzes market trends to drive sales and revenue
growth. They are critical in matching marketing
Lopez, activities with sales goals in order to accomplish
Jamaica M. corporate objectives.
6
·Answer the question “What
makes us a good team to solve
the problem we chose?”
7
·Defend why the problem is worth solving. A problem worth solving is a
problem that could serve as an opportunity and could be converted into
a BUSINESS VENTURE.
Eco Zest Corporation is the flagship of the new face of conscious
consumerism that reshapes the culinary experience and the food industry overall.
With rising environmental concerns and customers concerned about their ecological
footprint, there is a huge shift to sustainable and plant-based diets.
The growing market for veggie products provides an opening for this business
venture because it could offer delicious and versatile plant-based patties to cater to
the different tastes and preferences of consumers. This commendable movement
does not stop at addressing the problem. It seizes the market with health,
sustainability, and ethics-conscious consumers and values.
Having innovative and tasty veggie patties ensures that the company
maintains its unique position in the market by paying close attention to both
sustainability and taste, which could anticipate and adapt to future trends.
Introducing Eco Zest Corporation—A must-go brand for mouthwatering, earth-
friendly, and nutritious food solutions.
8
Problem
Statement
Canvas
7 9
There is no doubt that the world
population is increasing at an alarming
rate with time; consequently, the global
community faces the huge task of
producing food worldwide without
i.Context (When
jeopardizing the ecosystem. Ever since
humans existed, meat has been part of
does the problem
proteins and other nutrients, which are
integral components of the human diet.
occur?)
However, the effects associated with
environmental impact, animal welfare,
land, and water usage, as well as the
intensive use of renewable resources with
high-volume livestock production, are
triggering less meat consumption and new
meat forms (Bakhsh et al., 2021).
Certainly, people are increasingly
becoming appreciative that the shift in
diets in the direction of plant foods with
low meat levels will help decrease the
destructive effects of the food system and
improve human health and animal
welfare. In a way, that is already true, as
today we see a surge of meat substitutes in
the Western market that has never been
seen before.
More importantly, it seems that the
target population for these products has
moved to a more mainstream audience,
with products resembling burger patties,
mince, sausages, and strips, specifically
designed to exhibit ‘meaty’ characteristics
appealing to meat-eaters (De Marchi et
al., 2021).
10
The root cause of the problem
addressed tackles two main issues at its core:
waste management problems and the need
for novel, nutrient-rich food choices. First of
all, patties require a lot of resources, and the
ii.Problem (What
production has a large ecological footprint,
which is due to inefficiencies in the use of
is the root cause
resources. Specialized facilities are required of the problem?)
to manage the high volumes of waste
generated in these processes, and improper
disposal causes environmental pollution. As
stated by Gerber et al. (2013), worldwide
food animal production is responsible for
roughly 14.5% of CO2-equivalent total
annual human-caused greenhouse gases (7.1
gigatons per year).
The production of patties is
characterized by a negative impact on the
environment. This requires rational
management of meat products through the
chain—production, processing, transport,
and consumer stages. Karwowska et al.
(2021) pointed out that because of the high
consumption of meat and meat products, the
level of losses at the production stage and
consumer waste of products becomes
significant.
At the same time, people demand
foods with more nutrients that are affordable
and sustainable while trying to make better
dietary decisions. Veggie patties came as a
need to deal with waste problems as well as
a different and nutritious culinary
experience.
11
iii.Alternatives (What do The market potential was certainly
customers do now to fix high over the last decade, and the
year 2020 turned out to be the best
the problem?) year for plant-based related sales
and investments at the international
level (Szenderak, 2022).
As a solution, hybrid patties are
reformulated products that aim to
reduce the amount of meat in the
original recipe and improve the
nutritional composition. Therefore,
reformulation has been
concentrating on natural and clean-
label alternatives to substituting
partially protein or/and fat without
compromising the traditional
composition. Soy proteins are one of
the most commonly used alternative
proteins because of their
functionality and affordability, but
currently, their allergenicity leads to
the introduction of other less
Such a reduction in average meat intake allergenic sources.
can be attained in several ways, such as by More sophisticated options to
consuming plant-based meat alternatives (PBMAs) mimic food using plant-based
(Andreani et al., 2023). PBMAs are plant-derived technology have emerged and
alternatives to conventional meat with the same grown as the technology has
taste, texture, and nutritional profile as meat. These developed and progressed, leading
can include soy, pea protein, seitan, or to the acceptance of plant-based
mushrooms, among others, with a wide range of options by the general population.
flavors and textures. By taking these paths, people Consequently, the growing demand
can decrease their average meat intake and still for plant-based patty alternatives has
enjoy a healthy and eco-compatible diet. led to increased availability in
Many people nowadays adopt plant-based supermarkets, restaurants, and fast-
diets, which are associated with health promotion food chains.
as they reduce the odds of some diseases. These
diets are also typically more environmentally
friendly because the manufacture of vegetation
items often involves less environmental
degradation compared to traditional meat
production. 12
iv.Customers (Who has v.Emotional Impact (How
the problem most often?) does the customer feel?)
According to the United Consuming products that
Nations Environment Programme encourage nutrient-rich selections
(UNEP), sustainable waste can engender a duty and awareness.
management is essential for Customers would feel that their
achieving the Sustainable choices are connected to a broader
Development Goals (SDGs). Cities impact, which would, in turn,
normally experience waste promote mindful consumption by
management problems because of consumers. In short, such customers
high population densities and lack of who value sustainability, health, and
space for dumping the waste. ethical consumption may experience
Simply put, residents of such cities a profound emotional connection.
are highly concerned about
minimizing their waste footprint. For instance, opting for our
sustainable veggie patties that match
In addition, urban lifestyles these values will allow them to have a
often involve hectic schedules and feeling of harmony in their lifestyle.
convenient eating. Many food Consumers can guarantee that their
consumers, who are increasingly purchase is good for the environment
health conscious and in search of and thus evokes a sense of purpose
nutritious alternatives, demand and a higher cause. Furthermore, the
innovative and convenient food promise of new and tasty food
solutions. Other businesses and options can also be a source of
institutions within the industry delight and enjoyment wherein
sectors also engage in waste customers may anticipate a healthy
reduction initiatives and the culinary experience that satisfies their
inclusion of nutrient-rich foods. On taste buds.
the other hand, corporate clients
seek products that are consistent
with their sustainability goals as part
of their wellness programs or
cafeteria offerings.
13
vi.Quantifiable Impact (What is the
measurable impact (include units)?)
Sustainable veggie patties demonstrate a commendable impact in terms
of multiple key measures: Waste reduction that equals to the percentage of overall
waste reduction is a sign of the product’s commitment to sustainable practices;
upcycled and repurposed materials from used packaging and production; the
environmental footprint of an entire lifecycle of product water usage measured in
gallons per unit; the overall impact the patties have on climate change evaluated
by measuring the carbon emissions, in kg of CO2/unit, concerning ingredient
production, manufacturing, and transportation; the nutritional value metrics such
as calories and grams of protein for emphasizing the contribution of the product to
consumer’s health, and sales penetration through satisfaction ratings for providing
insight into consumer acceptance and the market impact as a whole.
When all of the above measures are taken into account, an in-depth
analysis of the patties' impact on both customers and the environment is put
forward, which is in line seamlessly with the Sustainable Development Goals
(SDGs).
14
Results of
Customer
Interviews
and
Surveys
15
Respondent’s Profile
In terms of respondent
profile, the survey provides a
significant 68% among 18-25 people,
13% preference in the 34–41 age
group, 10% in the 42-49 age group,
5% in the 26-33 group, and 4%
preference in the 50+ age range.
Alternatively, the results revealed
57% females and 43% males, thus,
uncovering to be quite helpful in
revealing the differences in
preferences and dietary patterns
between genders. This information
will help develop marketing
information and product
characteristics that have the right
tone and address the concerns of
both female and male customers.
16
Product Assessment
Brand of Patties
It is essential to understand the level of familiarity
that the respondents have with popular patty brands
to evaluate market awareness, and thus plan the
marketing strategies for our sustainable veggie patties.
In terms of the results, 98% of respondents are familiar
with CDO, 42% of level of awareness of Pampanga's
Best, 34% of non-branded patties, and 26% of Chef’s
Selection.
Motivation
The reasons for the purchases made by the
respondents are critical to understand what drives
their consumption choices. 94% of the responses
representing flavor and taste emphasize its highest
importance. Price is preferred by 51% of the
respondents, 48% emphasize texture and
consistency highlighting the need to prioritize the
quality of the product, and 47% emphasize the
ingredient list and the nutritional value indicating
increasing attention to health-conscious decisions.
Probability
The positive response of 58%, which is
marked as ‘Definitely’ demonstrates a strong market
opportunity for patty products in the frozen category.
This trend is further strengthened by the 38% response
for "Probably" in those respondents who are open to
the idea of consuming frozen patties. The least
probability of 3% for "Probably Not" implies slight
hesitation, and surprisingly, there is no response for
"Definitely Not" which is a sign of not rejecting patty
products in the frozen food market completely.
17
How often?
In the case of frequency of purchasing vegan
or plant-based alternatives, the findings revealed
36% of respondents responding several times a week
and 35% choosing most of the time, showing a large
market segment that actively pursues and
incorporates plant-based options in the regular diet
routine. The 17% who use plant-based alternatives a
few times per month and the 12% who do not buy
plant-based alternatives point to an unexploited
market that requires special marketing aimed at
increasing public consciousness of the unique
features of plant-based products.
18
Feature of the Product
Preference
The outcomes show a significant 93% match
among respondents, highlighting the highest
importance of allergy-free options in the consumer
domain. This outpouring of positive feedback
highlights the importance of meeting nutritional
requirements and preferences, making our product a
versatile solution that caters to a wide range of
consumers. The negative 7% minority reveals a smaller
but distinct group.
Willingness to pay
Based on the data, 40% of respondents indicated
that they were willing to pay below 100 in the segment
characterized as price-sensitive customers. This
emphasizes the importance of providing an
inexpensive but high-quality plant-based patty product
to take a meaningful share of this particular market
segment. Also, the presence of a balanced distribution,
30% for the price ranges 150-200 and 100-150,
pronounces the various consumer heights with
different budget restrictions.
Willingness to try
Over 60% of respondents have stated a high
likeliness to try our product and another 38% have
mentioned their general inclination or willingness to
do so. This will help build a base for the successful
placement of our sustainable veggie patties in the
market, as it is an accurate reflection of high
anticipation and openness among consumers.
19
CLEAR & SUCCINT
PROBLEM DEFINITION
As indicated by our gathered data, the trend in both the tasty and nutritious patty
market is apparent in that we observed a clear surge regarding the consumer behavior
attribute assessing decisions about purchase based on the overall perception of product
quality. Though the ingredients and their levels have been considered to be determinants
of this process, data shows that the taste and texture of the product continue their rise in
the significance of the consumer decision criteria.
As a result, the concern is to ensure that our sustainable veggie patty product meets
both nutritional expectations but also the subtle preferences for taste and texture, thus
catering to the increasingly sophisticated consuming public. However, this challenge's
multi-faceted nature demands that we objectify a thorough investigation of our current
formulations and manufacturing processes.
At the same time, stimulating texture and consistency preferences requires perfect
manufacturing processes to ensure the right mouth feels, in harmony with our target
market. It is necessary, therefore, and quite complicated as well, that our product
development team should find such a balance between taste, texture, and constancy while
promoting futuristic concern for sustainability. Besides, the multiple interests exploited by
consumer motivations to inspect ingredients while aiming at improved nutritional levels
can be considered an extensive problem that necessitates a re-strategy of our product
development and marketing.
Specifically, it emphasizes the vital role played in highlighting the nutritional aspects
of patties. In turn, while labeling our patties with nutrient benchmarks may help meet the
legitimate goals of such regulations, the challenge is communicating the nutritional
benefits of our patties to the informed consumer. The development of clear and
distinguished information that captures the nutritional benefits while balancing the
preferences for taste and texture will be vital in the competitive milieu in positioning our
brand and meeting the shifting needs of our customers. The solution to this problem
creates not only the safety of the consumer market but also a good impression about our
brand from the perspective of environment-friendly consumers and environmentally
conscious ones.
20
MARKET
SIZING
This section measures the demand and
revenue potential that the business or
product could generate. Specifically, this
analysis includes the TAM, focused on
defining the overall scope of the market, the
SAM, defined for realistically targeting the
segment of the market, and individual
segments of the market, with clearly identified
customer characteristics. With market share
projections, revenue estimates, and
competitive analysis, this section illustrates a
clear indication of the business growth
potential.
21
Top-Down 1. Unemployment Rate
This focuses on how the
Approach
employment rate impacts consumer
spending habits. Higher
unemployment might lead to more
budget-conscious choices, potentially
favoring affordable yet nutritious
alternatives like veggie patties. In
addition, these products can become a
quality source of protein, vitamins, and
minerals much cheaper than existing
ones, which is an attractive feature for
consumers seeking to save on their bills
without compromising on health.
3. Competitive Pricing
Consumer behavior and
willingness to spend on the product
can also be influenced by economic
variables such as inflation rates. Thus,
the business would price its product
strategically considering the economic
environment. This could be by way of
providing competitive prices during an
economic downturn or value-added
bundles to attract price-conscious
consumers. 22
1. Product Features
2. Product Benefits
The nutritional value of the patties will be emphasized as an option for health-
conscious people searching for healthy, plant-based foods. If done correctly, then
good communication for the environmental benefits of sourcing locally and using
eco-friendly packaging would appeal to the sustainable choices one needs to make
to reduce that environmental impact during the production process.
3. Business Culture/Process
23
4. Number of Units to be sold.
24
SOLUTION
a. Solution Description
25
b. Details of offering
26
c. Why will the business work in the market?
27
Customer
Persona
28
Value
Proposition
Canvas
29
Direct Competitor
Business
Product Price Place Promotion
Name/Logo
• Social Media
Leading (FB &
Meat-free groceries YouTube)
burger P 110 nationwide • Website
patty (SM, Robinson, (promotion &
etc.) announcements)
Veega • TV Commercial
Premium
Robinson’s • Website
Wonder
P 560 Supermarket & (promotion &
Burger
Rustan’s the announcements)
Wonder Meat Marketplace
30
Indirect Competitor
Business
Product Price Place Promotion
Name/Logo
S&R
Membership
• Website
Shopping,
Beyond (promotion &
Prime Pacific
Breakfast P 599 announcements)
Foods Website,
Sausage • Social Media
& Wholemart
Beyond Meat (FB)
Website
• Website
Prime Pacific (promotion &
Omni Pork P Foods Website, announcements)
Luncheon 280 & Wholemart • Social Media
Omni Pork Website (FB)
• Meat-free
nuggets
• Website
• Meat-free Local
(promotion &
giniling Supermarkets,
P 120 announcements)
• Meat-free Shopee &
• Social Media
Hungarian Lazada
Unmeat (FB)
sausages
• Website
(promotion &
The Alpha The Superfood
P 750 announcements)
Nugget Grocer
Alpha Foods
31
"Plant-Based
"Plant-Based
Goodness
Goodness in
in
Every
Every Bite!"
Bite!"
32
Lean
Canvas
33
34
2
Minimum Viable
Product
35
Advertisement
FINANCIAL
PLAN
36
Startup Cost
5 37
5
SALARIES
38
5
COGS
39
5
SALES FORECAST
FORECAST P&L
40
5
CASH FLOW
41
BALANCE
SHEET
5 42
FUNDING
5 43
BREAK EVEN
ANALYSIS
5 44
Marketing &
Sales
45
Brand
Framework
46
FUNDING
PLAN
47
FUND
UTILIZATION
STRATEGIES
48
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WWW.ECOZEST.COM