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Revolutionary Brands Revealed: Interbrand’s Report On The Top Innovators Of 2023

Priyanka Kesarwani by Priyanka Kesarwani
July 16, 2023
in What’s Buzzing
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Interbrand, a leading brand consultancy, has unveiled its highly anticipated 2023 Breakthrough Brands Report, showcasing the rising stars that are shaking up the global market and reshaping consumer behavior. This year’s report highlights a diverse range of innovative brands that span various sectors.

The standout names of this list are- OpenAI, which achieved remarkable success with its ChatGPT platform, attracting 1 million users in just 5 days. Neko Health, an affordable health-tech experience founded by Spotify’s Daniel Ek, brings a new dimension to AI-driven healthcare. Fishwife introduces a sophisticated take on tinned fish, while Betterhalf, a matrimony app popular among 100 million Indian professionals, revolutionized the matchmaking industry.

Interbrand

The report also features notable brands such as Zepeto, Asia’s largest metaverse platform, and KidSuper, a creative studio capturing Gen Z’s design language through expressive streetwear. Obsess, a digital commerce disruptor, and Eight Sleep, purveyor of luxury ‘sleep pods,’ showcase the growing importance of immersive experiences and advanced technology in the retail and wellness sectors.

In partnership with Vox Media, Interbrand’s Breakthrough Brands Report emphasizes the brands’ ability to address core human needs and cultural shifts. These brands transcend traditional industry boundaries, reflecting the evolving nature of modern businesses.

With a strong commitment to diversity and inclusion, over 50% of the featured brands have founders or C-suite members who are women or people of color. This reflects the increasing recognition of the importance of diverse perspectives in driving innovation and success.

Interbrand’s Breakthrough Brands 2023 Top 12

As Interbrand has consistently predicted the rise of future industry leaders, the Breakthrough Brands Report has gained significant influence. Past editions accurately identified companies like Slack, Maven Clinic, and Headspace before they achieved widespread recognition.

The 2023 report not only celebrates these disruptive brands but also provides valuable insights into the evolving landscape of business and consumer expectations. With innovation at the forefront, these Breakthrough Brands are rewriting the rules and carving out a new path for success in a rapidly changing world.

Interbrand’s Breakthrough Brands 2023 Top 12

As Daniel Binns, Global Chief Growth Officer and CEO of Interbrand New York, points out, “Brands making bold moves to stand out have the best chance of being successful.” With this in mind, the Breakthrough Brands Report serves as a compass, guiding both established companies and aspiring entrepreneurs towards future growth and relevance in the global marketplace.

Neha Singh, Founder and CEO of Obsess, adds, “The next few years will be pivotal for the retail industry to adapt as virtual stores become a mainstream way for brands to form deeper connections with consumers.” The report’s insights encourage businesses to embrace new technologies and strategies to stay ahead in the ever-evolving market.

As the 2023 Breakthrough Brands Report demonstrates, these emerging disruptors are not only shaping their respective industries but also leaving an indelible mark on the world of business, innovation, and consumer experiences.

Interbrand’s 2023 Breakthrough Brands

Image Source : Interbrand.com

Interbrand’s 2023 Breakthrough Brands feature a diverse lineup including OpenAI, Zepeto, Eight Sleep, CAKE, HiPhi, KidSuper, Fishwife, Bilt, Betterhalf, Obsess, Neko Health, Sila Nanotechnologies, Acid League, Augustinus Bader, Blank Street, Candela, Caraway, Chopova Lowena, Crumbl Cookies, DRESSX, Fisker, Fly by Jing, Jolie Skin Co, Maude, Ono, Our Place, Season Eqpt, Slutty Vegan, Talea, and Topicals.

Also Read: Interbrand’s Best Indian Brands 2023 Rankings: TCS, Reliance Industries Take the Lead

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Every marketer talks about building awareness, few have to build it without talking about the product. India's alcobev industry has spent decades navigating that paradox. Direct product advertising isn't permitted, making surrogate advertising only one part of the marketing equation. The bigger challenge has always been earning something no media budget can buy: consumers who become advocates for the brand. For Debasree Dasgupta, Chief Marketing Officer, Pernod Ricard India, that's the category's biggest truth. “Consumers will always be your biggest advertisers,” she said. It's a philosophy born out of necessity. But it has also shaped how alcobev brands think about marketing itself. “The principles of marketing are the same whether it's personal care, beauty or alcobev. What changes is the complexity.” That complexity, according to Dasgupta, isn't just about navigating regulations. It's about understanding consumers, managing a diverse portfolio, and ensuring brands continue to grow despite having fewer traditional marketing levers than almost any other consumer category. India remains one of the world's most tightly regulated alcohol markets, where brands have to navigate different state regulations, on-trade and off-trade ecosystems, and restrictions on advertising products directly. For marketers, that has meant learning an entirely different language of brand building. Marketing hasn't changed, The rulebook has Dasgupta's own career has prepared her for exactly that. Rather than following a straight path, she has moved across FMCG, health and hygiene, beverages and now alcobev, picking up different lessons along the way. “I think the beauty is that I didn't have a linear career path, and I think it was very deliberate and intentional.” Each company, she said, has added a different layer to her understanding of marketing. “Unilever taught me to be extremely consumer-centric and always keep the consumer at the heart. Reckitt taught me commercial discipline, that marketing needs to lead to commercial and business growth. PepsiCo was about how brands stay relevant in culture.” Bringing those experiences together at Pernod Ricard has reinforced one belief. “The principles of marketing remain the same.” The environment, however, certainly doesn't. While referring to India as one of the markets where alcohol advertising is prohibited, she said, “The regulatory landscape is quite complex. That's the piece that one needs to wrap their minds around as you navigate and ensure that you're able to drive business growth.” That complexity extends well beyond regulation. “At a portfolio level, it's important for us to understand what is delivering the present and what will deliver tomorrow,” she said. “Where is growth coming from today, and where will growth come from in the future?” When consumers become the media channel Perhaps the biggest difference between alcobev and traditional consumer goods lies in how brands create awareness. Unlike an FMCG company, Pernod Ricard cannot advertise its alcohol products directly. “So the disadvantage that we have versus CPG is we cannot advertise products,” Dasgupta said. “We are in compliance with the guidelines that exist today.” Instead, the company builds visibility through compliant brand extensions such as packaged drinking water, while investing in passion points like cricket, music and digital platforms. “For us, the brand extension is a compliant business in itself and we can advertise that. We continue to double down on social, digital and influencer marketing for those businesses.” Furthermore, Dasgupta went on to say, “What we rely on is on-premise advocacy. We rely on sampling. We ensure that our liquids are extremely high quality so that when the moment of truth happens, consumers really love the product.” That has also meant new launches take longer to build. “Awareness build-up is much slower because consumers discover the product at the point of sale. That's very different from an FMCG brand.” Which naturally raises another question: if brands can't advertise products, who does the selling? “The consumers will always be your biggest advertisers,” Dasgupta said. “If you walk into an outlet and see someone drinking, it gives you confidence in the brand.” Word of mouth, she believes, becomes one of the category's most powerful marketing channels. “In a category where you can't advertise the product, consumers become your champions.” That consumer-first philosophy also shapes how global brands are adapted for India. For marketers outside the alcobev industry, the constraints may seem daunting. For Dasgupta, they've simply reinforced a timeless lesson. When the product can't do the talking, the brand, and ultimately the consumer, has to.

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