Read in Branding Strategy Insider:
What Are Brand Attributes?
Attributes are more often used when referring to products than brands. A product's attribute might be a function or a feature. These functions and features often lead to consumer benefits. However, brands can have attributes too. The attributes may be personality attributes or they may be derived from the brand's products' attributes.
A brand's essence, on the other hand, has a very specific meaning. A brand's essence is its "heart and soul," its timeless quality. It describes who it is at its core. I like to express a brand's essence as [adjective adjective noun], so for Nike, it is "Authentic athletic performance" and for Starbucks it is "Rewarding everyday moments." Disney's essence is "Fun family entertainment."
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Simple concise explanation.
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