Maggi 2 - minute noodle

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What is Brand name that comes to your mind when I say the word “NOODLES” ?

description

itd d general presentation incluing stpd analysis, swot analysis of maggi 2-minute noodles.

Transcript of Maggi 2 - minute noodle

Page 1: Maggi 2 - minute noodle

What is Brand name that comes to your mind when I say

the word “NOODLE

S”?

Page 2: Maggi 2 - minute noodle

Introduction of Maggi 2-minutes Noodles

It’s a Brand of instant Noodle made by Nestle India Ltd.

It was found by the Maggi family in Switzerland in the 19th century.

Nestle launched Maggi for the first time in India in the year 1982.

The Brand is popular in:- Australia - India - Malaysia- New Zealand- Singapore- South Africa.

Nestle wanted to explore the potential for such an Instant food among the Indian market.

It took several years and lot of money for Nestle to establish its Noodles brand in India.

Now it enjoys around 90% market share in this segment.

Over the years Maggi has launched several products under its Brand Name.

Page 3: Maggi 2 - minute noodle

Initial Strategies of Maggi

► Maggi has faced lot of hurdles in its journey in India. ► The basic problem the brand faced is the Indian Psyche.► Initially Nestle tried to position the Noodles in the platform of

convenience targeting the working women. ► However, the sales of Maggi was not picking up despite of heavy

Media Advertising.► To overcome this NIL conducted a research. ► NIL's promotions positioned the noodles as a 'convenience

product', for mothers & as a 'fun' product for children.► The noodles' tagline, 'Fast to Cook Good to Eat' was also in

keeping with this positioning.► They promoted the product further by distributing free samples.

Giving gifts on return of empty packets, etc.► Effective Tagline Communication.

Page 4: Maggi 2 - minute noodle

STPD AnalysisSegmentati

onTargeting Positionin

gDifferentiati

onAge Kids Fast to cook

good to eatTaste

Eating Habits Youth 2-minute noodles

Flavours

Lifestyle of urban families

Office goers Taste bhi health bhi

Packaging

Working Women

Health conscious people

Page 5: Maggi 2 - minute noodle

STPD Analysis

Segmentation to Differentiation:

■ Classic Noodles – 5 – 10 yrs.

■ Veg. Atta Noodles – Health Conscious.

■ Rice Mania – Teenage

■ Cuppa Mania – Office goers, Working women.

Page 6: Maggi 2 - minute noodle

Hurdles Faced Sales saw a decline in 1990’s:

- Formulation changed from Fried base to Air dried base.

Competition increased in noodle segment: - Top Ramen - Indo Nissin (Japanese co.)

New product launched in market but failed: - Dal Atta Noodles Sambhar flavour.

Maggi launched some new products under their brand, but these products were not successful.: - Ketchups, Soups, Tastemakers,etc.

Page 7: Maggi 2 - minute noodle

Market Penetration Strategies Promotional campaigns in

school.

Advertising strategies: - focusing on kids.

New product innovation according to the need of consumers: – Veg. Atta Noodles. – Dal Atta Noodles. – Cuppa Mania.

Availability in different packages: – 50 gms. – 100 gms. – 200 gms. – family packs (400gms.).

Conducting regular market research

Page 8: Maggi 2 - minute noodle

SWOT AnalysisStreng

thsWeakne

ssOpportu

nitiesThreat

s

Market Leader.

Heavily dependent on one product

Unexploited rural market

Strong presence of regional competitors

Brand Loyalty Minor distribution problems

Increasing number of working youth

Competitive pricing(Top Ramen)

Distribution Channels.

Health related issue

Affinity of Indians to chinese food

Innovative flavours for Indian taste buds.

Advertising Strategy.

Page 9: Maggi 2 - minute noodle

Current Scenario of Maggi

Leading Brand in India as well as World.

Current Sales: Approx. – 90000 boxes – Rs. 4,79,49,000 in Mumbai – 10,00,000 boxes – 55 cr. in India

Reasonable competitive pricing.

Creative interaction blogs for customers: – www.maggi-club.in

Focus mainly on Health Benefits.

World Market Share

Maggi 94%

Top Ramen

4%

Other Local

2%

Maggi 94% Top Ramen 4% Other Local 2%

Page 10: Maggi 2 - minute noodle

Suggestive Promotional Strategies

● Focus on creating distinctive image, based on twin benefits of “INSTANT” and “HEALTHY” with emphasis on health conscious and rural market.

● Conduct promotional campaigns at schools in small towns with population more than 10,000.

● Strengthen the distribution channel of the rural areas within 100 KM of all the metros.

● Launch new advertisement campaign (T.V., Radio and print media commercials) with the brand ambassador.

● Conduct Market Research to find out the market penetration of the product in the rural areas covered.