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Innovative EnfreshLOW CALORIE ENERGY JUICE
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PROJECT NAME : LOW CALORIE ENERGY JUICE
PRODUCT NAME : ENFRESH
COMPANY NAME : INNOVATIVE
Prepared By :Abhinav GuptaAjit ChauhanRanjita KumariVikash Solanki
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COMPANYS MISSION STATEMENT
To be a leading producer of fruit
juices based on dedication to nature,corporate and process hygiene,dynamic leadership and commitment
to our partners and stakeholders.
COMPANYS PUNCH LINE
Innovative -" Taste with low fats"
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Enfresh is a 100 percent fruit juice which will be produced and marketed by theInnovative Agro Industries Ltd.
Enfresh will produce juice in the following varieties :
Apricot
Kiwi
Pomegranate
Apple
Orange
Pineapple
Grapes
Mango
Mixed Fruit
LOW CALORIE ENERGY JUICE
Idea
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INTRODUCTION TO LOW CALORIE ENERGY JUICE(Enfresh)
People started too perished under the scorching heat of summer in ourcountry. They need an energy drink to refresh themselves. LOW CALORIEENERGY JUICE is a fresh juice product. It provides energy and keeps
people fresh when they are felt weak or tired from doing a lot of work.
It contains vitamins and proteins which is a useful energy source. Vitaminsgive Innovative and proteins are the energy cells that recharge the humanbody so that they work at their maximum. With low fats
The sportsmen, employees and workers become tired due to the workburden and sunlight which make them feel loose. They need an energydrink that makes them re-energize so they may be able to perform betteragain and feel refresh.
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Industry AnalysisBranded fruit beverage market in India is estimated to be worth Rs.1,200 crore (nectars, drinks and juices combined)
The juice and juice drink category is among the fastest growing segments
Fruit drinks as a category is growing at 18-20 per cent, carbonated softdrinks are growing at 6-8 per cent.
Itsthe fastest growing liquid beverage category.
More than 90 % of sales happen through the unorganized route - juicecenters, street corner shops and so on.
The fruit drink market
Juice Accounts 30%
Nectar 10%
Fruit Drinks 60%
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Competitors
Parle Agro (Saint, Frooti, Appy, N-joi )
Dabur (Real )PepsiCo (Tropicana )
Coca Cola India (Minute Maid Pulpy Orange / Maaza )
Godrej Beverages (Xs brand / Jumpin )
Mother Dairy (Safal)
Surya Food & Agro(Freshgold)CavinKare Pvt Ltd (Maa Fruits Pvt Ltd. )
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SWOT ANALYSIS
Adequate availability of rawmaterials
High consumer retention rate
Price, a competitive advantage
Natural product
Participation with a growing industry.
Competitive advantage over
carbonated soft drinksWellness awareness amongst
consumers
Commonwealth Delhi 2010
Success of incredible India campaign
Brand acknowledgementLimited financial resources
Late entry into the market Seasonal
availability of fruits
Cut throat competition
Unstable government policies
Global warming
- Scarcity of raw material
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OBJECTIVES &ISSUESObjective and Goals must be smart for the purpose of marketing plan aswe know SMART means specific, measurable, attainable, realistic andtimelyGrowth in all regions.
Satisfy our customer.Provide high quality Fruit Juice.
FIRST YEAR OBJECTIVEProfit maximization.To earn a good reputation and create a good image of the
company.
SECOND YEAR OBJECTIVESIncrease the advertisement.Generate 60% brand awareness with in the consumers target market
ISSUESFollowing are the issues that Low calorie energy JUICE is facing:In relation to the product launch our major issue is the ability to establisha well regarded brand name linked to a meaningful positioning. We mustheavily invest in market to create an image of our company and ourbrand. We also need to measure the awareness and response from thecustomer about our product. So we can adjust our marketing efforts.
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MARKET SEGMENTATION
Geographic VariablesInnovative Agro has no set geographic target area. By leveraging thebenefits of liberalization and integration of the markets of the world,
FP will seek to serve both domestic and international customers.Metropolitan Cities, small cities, towns.Density of Area: Urban, Semi-urban, and Rural.Climate: Tropical
Demographic VariablesAge all age groupGender Both Male and FemaleFamily size - doesnt matterEducation - doesnt matterIncome middle & hi end consumerOccupation student, working and retired peopleReligion doesnt matter
Nationality / Race doesnt matterLanguage - doesnt matter
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Psychographic VariablesPersonality = No ,Lifestyle =Yes ,Value = Yes and Attitude =Yes
Behavioral VariablesBenefit soughtProduct usage rate
Brand loyaltyProfitabilityIncome statusUsers perceive fruit juice as a healthy drink.Users drink fruit juice as a refreshing alternative to carbonateddrinks.Users willingly spend on products related to health and lifestyle.Users enjoy fruit juice not only as a means of healthy life, but asan intrinsically enjoyable activity in itself.
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TARGET MARKETRecreational
Fitness
Health
Lifestyle
Sports
Primary Market
KidsFond of fruit juice
TeenMore experimental
YouthExperimental and more buying power
Working People
Housewife
Elderly People
Secondary Market
Travel IndustryAirlines, Railways and Local Transport Systems
RecreationalMovie Theatres, Malls, Amusement Parks etc.
POSITIONING
A Low-Cal energy Juice Product.
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MARKETING MIX
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LOW CALORIE ENERGY JUICE
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Pricing PolicyApply the concept of providing quality product at optimum price
Provide Lucrative discounts, deals and schemes
Adopt sales oriented objective
Have one price policy to maintain a goodwill among customers.
Pricing Strategy
So, as a new comer our pricing strategy is to introduce our products inthe market at lower prices so as to create the huge demand in the
market and to compete with other competitors.
As we come up in the demand, we will increase our prices and willprovide more efficient and affordable juices
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Pricing Strategic
Penetration Pricing
Our product will be lie onpenetration strategy withhigh quality & low price
For introducing newproduct
Price low to capturemarket share
Expect to make profit involume
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PLACE
Distribution Channel
LOW CALORIE ENERGY JUICE
Bangalore
Delhi
Chennai
Mumbai
Kolkata
Within region
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Conclusion
Innovative is become to world leader in BeveragesIndustries, driving the transformation and growth of the
converging Healthy and Energetic Environment.
Innovative is about enhancing taste and exploring new
way to feel fresh and healthy. Explore the full potential ofEnfresh with Different Flavors coming in market with full
of competition.
Thank You
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LOW CALORIE ENERGY JUICE