Nestle is a Swiss company founded in 1867 by Henri Nestle Basically the company started to meet the need of the milk in world war I. A new brand like Sunfeast Yippee has the potentiality to break through a monopoly market of reputed brand maggi.
Nestle is a Swiss company founded in 1867 by Henri Nestle Basically the company started to meet the need of the milk in world war I. A new brand like Sunfeast Yippee has the potentiality to break through a monopoly market of reputed brand maggi.
Nestle is a Swiss company founded in 1867 by Henri Nestle Basically the company started to meet the need of the milk in world war I. A new brand like Sunfeast Yippee has the potentiality to break through a monopoly market of reputed brand maggi.
Brands of Noodles With Maggi Noodles By- Rajesh Barnwal NSHM Business School MBA-005
About Nestle FMCG industry provides a wide range of consumables The competition among FMCG manufacturer is also growing and as a result of this, investment in FMCG industry is also increasing, specifically in India.
It market its products in 130 countries across the world..
Nestle put nutrition as the core of their business..
Nestle is a Swiss company founded in 1867 by Henri Nestle
Basically the company started to meet the need of the milk in world war I.. STORY OF MAGGI 2-MINUTE NOODLES Its a Brand of instant noodle made by Nestle India Ltd.
It was founded by the Maggi family in Switzerland in the 19 th century..
The Brand is popular in: -Australia -India -Malaysia -New Zealand -Singapore -South Africa Taste Bhi, Health Bhi PRODUCT VARIANTS Objective of the project To study the sales of 2-minute Maggi noodles in Durgapur To study the taste and preferences of the consumer To study the market response to the new variants of maggi To analyze the visibility of maggi in Durgapur
Cont To analyze the market share of Maggi with other brands of noodles.
To analyze that a new brand like Yippe have the potentiality to break through a monopoly market of reputed brand Maggi.
SWOT analysis Strength Market leader USP- Easy to cook & tasty Excellent advertising visibility Brand loyalty Advertising strategy.. Distribution channels
Weakness Perceived as made up of Maida not good for health and calories.. Heavily dependent on one flavor ..
Opportunities Increasing level of income of consumers and fast life. Unexploited rural market.. Threats ITC, the competitor provides higher margins to its retailers and growing fast. Top Raman has adopted the strategy of reducing the price of its product. Competitor Brands: : And ITC has taken the NEW approach for the newly launched noodles brand Sunfeast Yippee in the Indian market, which is dominated by Maggi from decades. Recently, this product category has also seen a lot of activity with the launch of many new brands like Horlicks Foodles by Glaxo Smithkline India, Knorr from HUL, Chings secret by Capital Foods Ltd, Tasty Treat by Future Group, etc. Top Ramen : Top Ramen is the second largest Noodles brand in India in 2002, but now a days it is vanished from the INDIAN market , the supply and demand for this brand is absolutely lost. So maggi has no competition regarding this brand
Comparative Analysis of Maggi & Yippe market share in Durgapur
ITC provides higher profit margin to its retailers and growing fast.
When it comes to the point of purchase of display Maggi again scores over the other brands.
Though ITC have increased their market share up to 18% but they are unable to take the market share of Maggi, they have taken the market share of Top Ramen and Knorr.
Cont Maximum no of retailers says that they get proper credit facilities on Maggi while other companies fail to do so.
The sales promotion strategy of maggi is very effective, when compared with other brands.
Now a day the biggest threat to Maggi is ITC yippe, while other brands are vanished from the market.
Maggi has a unique relation with consumers. Cont The Maggi has created a emotional attachments with consumers.
The variant of maggi masala sells the most in the market, while all other variant of maggi only supports them.
Nestle is very aggressive towards its product quality.
Suggestions Competitor strategy needs to be studied for curbing the competition in the market
The company should mainly concentrate on the already captured market, and also try to increase the market share of maggi.
The return of damaged goods by retailers is up to the three months from the expiry date, it must be extended to 5 months, so that poor shop keepers doesnt have to bear any loss.
Cont The basic problem that a brand faced is an Indian Psyche, Indian palate is not too adventurous in terms of trying new taste, before launching a new variant of maggi, and they must conduct test marketing.
Maggi should concentrate on youth crowd.
For motivating retailers, company must give prizes for annually top 10 sellers.
And the highest seller should be awarded by some attractive gifts like foreign trips and holiday package.
Cont The magical masala of Maggi and magic masala of Yippe have almost same taste but it differs in weight and price. The magic masala yippe have RS 5 & Rs10 Skus while magical masala of maggi have only one sku of Rs 15. If the company wants to give the competition, they must have to make a Sku of magical masala of Rs5 & Rs10.
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