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Executive Summary
Bangladesh is a land of fertile. Here different types of fruits are grown. Among them Jack Fruits
is one of the most testy and nutrias fruits. In this country there are different types of juice are
being marketed by different companies. But Jack Fruits is unexplored area of juice production in
Bangladesh. So we have decided to produce juice by Jack Fruits and want to capture the
unexplored market of juice.
This assignments an assigned job as a partial fulfillment of course requirement by honorable
Course teacher Md. Ashaduzzaman, Assistant Professor Dept. of Marketing, Faculty of
Business Administration.
I would like to introduce this product with a vision of achieving the top position in the juice
market in future. Keeping this perspective in mind the product will be produced in Bangladesh
and the raw materials will be collected within the country because in Bangladesh Jackfruit is
grown in about 0.43 million acres of land. Juice is available in the market but it is processed and
sold in the open place without maintaining hygienic environment and it is not preferred by all.
For this reason, the company introduces the Juice of Jackfruit in caned package targeting the
middle class and upper middle class people. The company will first introduce the product Juice
of Jackfruit in divisional markets of Bangladesh as test marketing. In progress it will follow
intensive distribution and carry large scale advertising, consumer promotion, and trade
promotion. Current Market of juice is very competitive. Large numbers of local companies are
operating in this market. Besides those companies, many new companies are also to enter into
the market. Market size is approximately Tk. 3200 million. Juice market is growing at the rate of
10% per year. Market of this product is urban, semi-urban and also rural oriented. It is relatively
a slow moving product. Juice of Jackfruit is expecting market share 10% within five years. It
is expected to increase sales over the next few years because the market is expanding.
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New Product
New product is Jack fruits juice in Bangladesh.
1. Product Description
Jack Fruit
Jackfruit is a large, oval-shaped tropical fruit that resembles durian but is usually larger. It is
considered as the largest fruit growing from a tree, reaching 80 lbs or 36 kg in weight. The fruit
is enclosed by a thick, spiky green to yellow skin/shell that covers clusters of fruit parts that each
contains a single seed.
Scientifically called Artocarpus heterophyllus, this fruit belongs to the plant family Moraceae.
Jackfruit has a delicate sweet and pungent taste that also depends on the variety.
Jackfruit trees are tall that grow 30-70 ft high, with evergreen, glossy, oval-shaped or oblong
leaves. The fruit, when ripe, usually releases a strong odor which some people like and some
dont.
Origin and Distribution
Jackfruit trees grow in a warm, tropical climate. It originates from Indian subcontinent and Asian
mainland. Jackfruit has been commonly cultivated throughout India, Burma, Ceylon, Southern
China, Malaya, East Indies and in the Philippines. Later, it spread to western countries like
Jamaica and Florida where jackfruit trees are now common. Although there are only a few
jackfruit trees in South Florida, these are given a huge importance by US Department of
Agriculture.
In Asia, jackfruits ripen during the months of March to June, April to September, or June to
August, depending on the climate region.
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It cools the lever and safe the lever from other debases.
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Categories of products: There are 4 size of juice we are proposed for lancing. They
are:
Junior Juice Pack (120ml)
Normal Pack(250ml)
Contemptible Pack (500ml)
Family Pack(1ltr)
Family pack
Normal pack
junior pack
Raw materials of juice: The main raw material for our juice is fresh Jack Fruits.
The other materials are:
Jack Fruits
Water
sugar
Xanthan Gum
Citric Acid
Vitamin A
Vitamin C
Sodium Benzoate
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Approved Preservatives
Natural Identical Jack Fruits Flavor
If youre planning to do some juicing, make sure you pick out fresh jackfruits that have golden
colors inside.
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Vitamins
Folates: 14 g
Niacines: 0. 4 mg
Thiamine: 0.03 mg
Riboflavin: 0.11 mg
Vitamin A: 297 IU
Vitamin C: 6.7 mg
Minerals/Electrolytes
Sodium: 3 mg
Potassium: 303 mg
Calcium: 34mg
Iron: 0.6 mg
Magnesium: 37 mg
Phosphorus: 36 mg
Zinc:0.42 mg
Jackfruits are very good sources of Vitamins A, C, potassium and calcium as well as other
minerals.
will work hard to implement reasonable suggestions in order to improve their service offerings,
as well as show its commitment to the customer that their suggestions are valued.
TARGET MARKET
Geographic Segmentation
Country
Bangladesh.
Density
Demographic
Age
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Above 5 years
Income
Psychographic
Social Class
Upper-Middle income
group
Life Style
Behavioral
Occasion
Benefits
Healthiness, Energetic
User Status
Potential
48%
4%
Because jackfruit is very rich in potassium, it is good for the heart and has been proven to
regulate blood pressure.
It is also an excellent source of calcium, which means it helps our bones grow stronger.
Its fiber content helps in the prevention and cure of indigestions and ulcers.
Raw jackfruit and Jackfruit juice has been proven to help people with asthma.
Sick people: Sick people are one of our major considerations. More than 1 million children
suffer from nutritions and lack of foods quality that why need juice. Not only child but also the
adult might suffer from those types of problems.
Tourists: Every year a huge number of tourists visit Bangladesh. We want to provide them with
Jack Fruits juice. Many Countries tourist and foreigner if get the test they may get the real desi
juice in Bangladesh.
General Customers: Besides the above segments, the general customers will acquire a
significant portion of our target market.
Market Needs:
Jack Fruits Juice wants to satisfy its customers need. Thats why it is important to identify the
market needs. Our first consideration is to provide the best product to its customers. Thats why
we offer three different sizes of bottle with different prices for its different segment of customers.
Junior Juice Pack (120ml)
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Normal Pack(250ml)
Contemptible Pack (500ml)
Family Pack(1ltr)
Pack Size
Mode Of
packaging
Cartoon Size
2.5 p
Family
6 Pcs
2p
Big
12 Pcs
1.500 p
medium
24 Pcs
0.700p
small
48 Pcs
0.250 p
small
48 Pcs
MARKET SIZE
Market size is approximately Tk 3200 million. Juice market is growing at the rate of 10% per
year. Market of this product is urban, semi-urban and also rural oriented. It is relatively a slow
moving product.
MARKET SHARE
A comparative analysis of the major competitors market share (Source: Container Supplier &
estimated) is given below:
Market Share
Brand
Major competing
products
Market
share
( in 20052006)
Current market
positions
ACME
Mango juice
17%
Market follower
PRAN
Egg juice
22%
Market leader
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SEZAN
13%
Market follower
Fu-Wang
Mango juice
10%
Market follower
STAR SHIP
Mango juice
13%
Market
challenger
It is evident from the above given facts that the juice industry is faced with
acute competition due to the reason that this industries getting saturated
day by day. Though our product does not face direct competition with those
above given brands, but the relationship is some what complementary.
Juice of Jackfruit is expecting market share 10% within five years of juice
market. It is expected to increase sales over the next few years because the
market is expanding. The primary buyers are upper middle income group,
aged above 5 years, who are conscious about their health. The product is
also sold through the open vendor without any packaging. As it is processed
and sold in the open place without maintaining hygienic environment, it is
not preferred by all. For this reason the Jackfruit juice in box package has
a large potential market.
Market size of Branded Juice in 2010
:Tk.20 million
: 10%
: 10%
:Tk. 320 million
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Strength
Unique Product
High Quality
Weakness
Longevity (1 months)
lack of experience
Shortage of capital
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Opportunity
Government support
Opportunity to export.
High demand
A developing market
Threats
Government regulation
Weak infrastructure
Political instability
Distinct Competency:
These companies can try to entrance our market by launching new product lines to compete us.
Yet, we have distinct competitive advantage. That is our product is still brand new. The other
companies will take sometimes to enter into the market. Till then we can have a monopoly
market condition. The other advantage that we have is lower price. We will sell products in
reasonably lower price than other competitors do.
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Our main objectives are to earn profit. So we should not set any price that will not cover the
reasonable cost of the product. After covering the cost we set a profit margin for our pricing.
We have followed appropriate costing method and then set up the price logically by following
the proper pricing system
Pricing system
Product name
Prime
cost
Variabl
e cost
Fixed
Overh
eads
Per prof
Unit it
Tota
l
Cost
Mar
gin
Selling
Price/u
nit
Retailer
s selling
price
Junior Jack
juice( 120ml)
Fruits 4
3.75
0.25
25%
10
13
Jack
juice(250ml)
Fruits 9
5.25
0.25
14.5
2.5
17%
17
20
Jack
juice(500ml)
Fruits 19
9.75
0.25
29
10%
32
36
Jack
Fruits
(1liter)
juice 39
15.25
0.25
54.5
5.5
10%
60
65
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Each price will lead to different level of demand and therefore have a different impact on
companys marketing objectives.
Pack size
juice
ACME
PRAN
Fu-Wang
SEZAN
1500 pound
60.00
65
70
1000 p
45.00
48
50
500 p
25.00
30
32
30
300 p
17.00
18
18
18
20
(Packet)
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250 p
14.00
15
15
15
16
NSI
VAT
Distributors
Price
(Including
vat)
2.5p
Tk 42
Tk.7.82
Tk.49.82
Tk.53.00
Tk 60.00
2p
Tk 32
Tk.5.86
Tk.37.86
Tk.41.00
Tk 45.00
1p
TK 17
Tk.3.26
Tk.20.26
Tk.22.00
Tk 25.00
0.700 p
TK 12
Tk.2.21
Tk.14.21
Tk.15.00
Tk 17.00
0.250 p
TK 10
Tk.1.82
Tk.11.82
Tk.12.50
Tk 14.00
Pack size
Retaile
rs
Price
MRP
Promotional Strategies:
Our advertising and promotions will pivot around five key strategies. Key programs includes Instore demonstration, coupons, premium, discount, patronage reward, presentation giving, TV
Advertisement, Radio Advertisement, outdoor advertisement, press advertising, consumer offers.
Promotional activity:
We make promotional activities for our product in different school, college, various quiz
competitions, debates, and so on.
Advertisements will be given in television, radio, internet, magazine, newspapers, and
billboards. Advertising themes will be changed with time and promotional activity will be carried
out to generate the consumer.
In different occasion we will open special sales center where attractive point of purchase
display would be arranged to create positive image in consumers mind.
We will provide different incentive to our distributor.
We will sponsor various cultural programs, national occasions, Religion festival, other
important day(s). Such as Phahela Baishak (Happy Bangla New Year); Eid Ul- Fitar, Eid UL
Azha, Friendship day, world Health day, World Child Day ect
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3.2.1 Advertising:
We initially will give more emphasis on paper ads and TV commercials. Because, advertising
through these media is the most effective way to reach the customers and position our product in
their mind. We are anticipating that this will have a massive impact on the teenagers and other
enthusiasts. Few neon signs and bill boards of Jack Fruits juice also can be set up in some core
points of the city. We hope to reach 75% of our customers through effective advertising.
o TV Advertisement: Television is the most effective to create brand
awareness. All the premium brands of juice are presently focusing through
electronic media campaign like BTV. NTV, ATN, CHANNEL- I are the most
popular TV Channel in Bangladesh. So, it is obvious for us to choose the
TV advertisement as the prime options according to the budget and the
promotional expenditure available for the quarter, we will prepare our
media planning. Jackfruit juice media planning will also include the
selection of right program, at the right time for the right group of viewers.
o Radio Advertisement: A huge number of our targeted consumers are
rural based where radio coverage and listeners are large in number. Some
of the special sponsored programs will be developed focusing the stories
of our brand. Some new private radio station- radio TODAY, radio FURTI,
radio AMAR, radio ABC is also becoming popular in urban area. So this
media cannot be ignored.
o Outdoor Advertisement: We plan to have an exciting, informative, and
actively managed outdoor advertisement. There will be wall painting all
around the country.
o Press Advertising: We will undertake a considerable amount (based on
promotional expenditure) of press advertising in order to advertise our
special promotion like consumer offer and to enhance our brand image
actively. More often our targeted potential consumers go through daily
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newspapers; the more likely they are inspired to our brand when they
have a need for our type of free offer.
3.2.2 Personal Selling: Street Hawkers and small size shop we can sell them at a initial
stage.Though personal selling skill is not that much effective for convenient products like Jack
Fruits juice, we will inspire and train the sales persons of the retail stores to convince people to
buy our product when they will come to buy any drinks item. The sales persons will inform the
consumers about the cool refreshing taste of Jack Fruits and about the nutritious aspects. We
hope that will play a significant role to increase our sales.
3.2.3 Promotional Tools:
Consumer Promotion
Coupons: Coupons certify that we will give buyers a savings when they
purchase specified products. To generate trial and repeat purchase of the
product, coupon will be distributed in many ways:
In daily newspaper inserts: Inserts are highly read and for this we
will use it. It will help us a lot to generate awareness.
Direct-mail coupon: Those customers that fit the demographics
described above will mail coupons. This will likely to be an
efficient promotion due to greater audience selectivity.
o Premium: The Company will offer goods as premium either free or at low
cost as an incentive to buy the products.
o Patronage reward: Sometimes the company will offer cash or other
rewards for the regular purchase of the products.
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Distribution Channel
In generally there are different types of marketing distribution system. Consumers are able to buy
the products from different market place. All these distribution strategies are consists of
producer, wholesaler, retailer, and finally to the consumer.
There are mainly four types of marketing distribution channel:
1. Conventional Marketing channel
2. Vertical marketing channel
3. Horizontal Marketing channel
4. Hybrid Marketing channel
We select the conventional marketing channel to distribute our product. Our juice will be
distributed by the specified distributor which will be selected by the company. The selected
distributor will supply the juice product to the wholesaler and also to the retailer and the
consumer will collect the product from the retailers.
There are three types of distribution strategies:
1. Selective distribution
2. Intensive distribution
3. Exclusive distribution
We choose the intensive distribution for our product. We will supply our product all over the
country on the basis of our product demand so that the consumer can get the product easily.
The distribution channel is given below:
Our firm
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Final consumer
Retailers
Wholesaler
Authorized dealer
Or,
Retailer
Consumer
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The board of directors will be responsible for the recruiting activities. Recruiting will be done
through written tests followed by interviews.
Labor(Human Resource) is an important element in manufacturing process. So supply of labor,
Wage of labor is important factors .supply of both skilled & non skilled labor is available in
Rupgang. We try to collect skilled labor among them. We will provide a handsome salary to our
labor
4.3 Technological Aspects
Machineries used in production:
We will use different machineries in our production plant to make our production process speedy
&easy. Here we mention some name of machines which is used in our production plant:
Juice extortion machine
Pasteurizer machine
The juice mixing Machine
Bottle washing, filling, machine
5. Financial Analysis and Documentation
For the first few years it would be very hard for us to perform marketing activities because, our
targeted consumers are not aware about our product or our brand. So for the first few years we
have to spend a lot for the marketing activities of our product. For the first 3 years for marketing
and promotional activities we plan to expense 1500000 taka.
5.1 Sales Forecasting
The following Table and graph show our expected sales for the coming five years:
Expected Sales(Per year)
1 Litre bottle
First Year
2500000
3500000
1000000
Second Year
4800000
5500000
1900000
Third Year
5800000
5800000
5800000
Fourth Year
6100000
6200000
2900000
Fifth Year
6800000
6200000
2600000
Item
Year 1
Year 2
Year 3
Year 4
Year 5
Total Sales
65790000
68995000
52805000
77660000
46893000
Total Cost
(55200000)
(77350000)
(65450000)
(75800000)
(69390000)
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Total Profit
10590000
2445000
5655000
7560000
47103000
Tax 40%
4580000
658000
2582000
3544000
3821200
Net Profit
4236000
687000
2673000
4516000
72800
Year 1
Year 2
Year 3
Year 4
Year 5
Total Sales
85015000
78350000
91686000
109355000
111689000
Total Cost
(85700000)
(74000000)
(58080000)
(107900000)
(104420000)
Total Profit
(1485000)
360000
3206000
6255000
7269000
Tax 40%
(110000)
(1142400)
(2682000)
(2907600)
Net Profit
(1285000)
180000
2263600
3843000
4361400
For 1 Litre
Item
Year 1
Year 2
Year 3
Year 4
Year 5
Total Sales
54000000
61200000
72000000
86400000
90000000
Total Cost
(56600000)
(61480000)
(68800000)
(78560000)
(81000000)
Total Profit
(2600000)
(280000)
3200000
7840000
9000000
Tax 40%
(1280000)
(3136000)
(3600000)
Net Profit
(2600000)
(280000)
1920000
4704000
5400000
Conclusion
A marketing plan is a plan which outlines a company's overall marketing efforts and marketing
plan may be a part of an overall business plan. Building a new brand or product needs huge
promotional activities. To introduce a completely new product or brand it needs effective and
future oriented sequential steps. In case of this plan all the necessary steps has been outlined in a
systematic manner. The things shown are designed in such a way that is able to grab the attention
of the present customers of other products.
Reference
1. Entrepreneurship Development Nazrulislam, Muhammad Z Mamun
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Website
1. www.bplan.com
2. www.scribd .com
3. www.tatamcgrawhill.com
4. http://bbareport.blogspot.com/2012/08/a-marketing-plan-of-Jack Fruits-juice.html
5. http://www.juicebenefits.net/jackfruit/best-jackfruits-for-jackfruit-juice-and-how-tochoose-them
6. http://flavorsofbrazil.blogspot.com/2012/01/fruits-of-brazil-jackfruit-jaca.html
7. http://www.blendwithspices.com/2011/07/jack-fruit-milkshake.html
8. https://www.youtube.com/watch?v=CSSISs48yBI
9. http://indosungod.blogspot.com/2013/08/jack-fruit-seeds-roast-palakottai.html
10.https://www.google.com/search?
q=jackfruites+picture&biw=1280&bih=638&tbm=isch&tbo=u&source=univ&sa=X
&ei=a8F2VNWrL4vbar2TgNAH&ved=0CB4QsAQ
11.http://www.juicebenefits.net/jackfruit
12.http://internshipreportbd.blogspot.com/2012/07/iba-assignment-report-on-newproduct.html
Countries
Australia
Bangladesh
Brazil
Colombia
India
Indonesia
Jamaica
Kenya
Malaysia
Philippines
Sri Lanka
Thailand
Uganda
USA (Florida)
Zanzibar
Source: Soepadmo, 2010; Crane et al.,
2013
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