Marketing plan of nestle
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This marketing plan summarizes Nestle Cerelac's product offerings, target markets, and marketing strategies. Nestle Cerelac provides baby food products for infants in various stages. It targets urban and suburban families with average to above average incomes. Nestle Cerelac positions itself as a provider of healthy, high-quality food and differentiates itself through nutritional value and product variety. The marketing mix discusses pricing, promotion, placement and packaging. Competition and growth strategies are also outlined.
Marketing plan of nestle
- 1. MARKETING PLAN OF NESTLE CERELAC Group Members 1)ABDULLAH KHAN (EP 110312) 2)SYED WAQAR HUSSAIN (EP) 3)FAIZAN ARIF ( EP 110317) COURSE: MARKETING MANAGEMENT Course Teacher : SIR KASHIF HAFEEZ
- 2. ACKNOWLEDGEMENT Writing this report appeared to be a great experience to us. It added a lot to our knowledge. This report is one of our memorable experiences in student life. Though words are inadequate in offering thanks to our teacher Sir Kashif Hafeez . EXECUTIVE SUMMARY This is a semester project regarding a baby food product name Nestlé Cerelac. It starts with an introduction about Nestlé Company. It gives a briefing about all the brands of the Nestlé Company. Nestle has been serving worldwide with its excellence in product safety, quality and value. It provides many products which include dairy products, beverages, water, and infant dietetic and confectionary. We have taken NESTLE Cerelac for our Marketing plan. Their aim is to provide customer with best infant food on suitable prices make the product as convenient as possible.
- 3. Vision Statement .Nestlé's global vision is to be the recognized leading Nutrition, Health and Wellness Company. .Nestle Pakistan subscribes fully to this vision of being the number one Nutrition, Health, and Wellness Company in Pakistan. Mission Statement To positively enhance the quality of life of the people of world by all that we do through our people, our brands and products. Situational Analysis The Nestle Cerelac consumers are spread all over the world one of the reasons behind is the lower prices offered by Nestlé and its easy availability every where. Market Demographics Nestlé Cerelac segments its market on following bases: Geographic Segmentation Demographic Segmentation Psychographic Segmentation Behavioral Segmentation
- 4. Market needs .Due to rapidly increasing the population and increase birth rate in Pakistan there is increased in the needs of healthy foods which nourishes the infants. .Good nutrition is essential for the growth and development of infant’s first year of life. They required appropriate food. Market Growth Strategy of Nestle Cerelac Infant food and nutrition as a category will grow 10-12% and Nestle is well placed to capture growth in this category because it is at the forefront of infant foods technology. Nestle adopted two growth strategy 1-Product development. 2-Market penetration. SWOT Analysis 1. Strengths -Nestle includes a culture that is team focused and an open door policy which encourages employees to work hard. -People all over the world trust and recognizes Nestle as a big brand name. It looks at achieving higher volumes by renovating existing products and innovating new products.
- 5. 2.Weaknesses One major weakness of Nestle is that it is entering into markets that are already mature and can give a tough competition to new entrants. 3.Opportunities Nestle in Pakistan has a great opportunity for expanding its markets because in Pakistan there is a large market of food and beverages. 4.Threats A threat for nestle is the increasing popularity of its competitor OLPERS in local and international markets. Competition Nestle competes with other packaged foods companies as well as store brands from retailers Nestlé’s major competitor are: ENGRO FOODS. EMEVEN GOLBAL LTD.
- 6. Competitive Advantage .Cerelac is the only popular and quality baby food in Pakistan. Its unique stay fresh seal and a long lasting shelf life gives the brand a formidable competitive advantage. .The factors that make Cerelac successful is quality and superior nutritional value which fulfill requirement of infants in different stages of age. Product Offerings Cerelac come in a range of seven varieties of baby food products which are as follows: Cerelac Rice, Cerelac Wheat, Cerelac Wheat +apple, Cerelac Wheat + honey, Cerelac Wheat + banana, Cerelac Wheat + fruits, Cerelac Wheat +Vegetables. Marketing Strategy Company’s objective is to be the world’s largest and best branded food manufacturer while with the products of the highest quality among all others.
- 7. Target Market Geographic dispersion Urban, suburban. Family life cycle Full nest, single parent. Social Stratification Upper upper class, lower upper class, upper Middle class. Age segments Infants(0-5), mothers (18-45). Income level Average income, above average.
- 8. Differentiation Of Nestle Cerelac Nestlé Cerelac has positioned among people as health provider brand for infants. Brand Positioning Nestle communicates itself as “Good food, good life”. Cerelac is a name of quality and best food for babies and the positioning statement of Cerelac also tells the same as, “best start to a healthier future” Marketing Mix Of Nestle Cerelac Product:Sizes It is available in 3 sizes; 350g and 175g box packaging and a 25g sachet for customer convenience. Shape & Color The shape and color are very attractive for the customers. Labeling and packaging The labeling and packaging includes Nestlé brand and logo.
- 9. Price: Nestle Cerelac Banana Price Rs.135 Nestle Cerelac Wheat Price Rs.135 Nestle Strawberry & Apple Cerelac Price Rs.135 Promotions: Nestle has adopted the channels for promotion through TV, News papers, magazines Doctors and hoardings etc. Nature of marketing The product is marketed aggressively in the market. Placement: Nestlé Cerelac is available all over in Pakistan regardless of big and small cities.
- 10. Product Life Cycle Of NESTLE Cerelac Nestle Cerelac is the market pioneer in baby foods and there is huge market of baby products in pakistan. To retain the market share of cerelac due to extreme competition, the nestle will continue to bring changes in product life cycle by effective promotion and by formulating new price strategies etc. so it will have a long maturity period.