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Smit b tech 1st year assignment of communication skills on market survey report on maggi
1. MARKET SURVEY REPORT
MAGGI INDIA PVT. LTD.
Submitted to: - MR. WANGCHUK CHUNGYALPA
Submitted by:-
1. PAPPU SHARMA
2. NEERAJ KR AGARWAL
3. PAWAN KUMAR
4. RISHAV KUMAR
5. VINOKA K. AWOMI
Date of submission: - 31.10.2012
2. ACKNOWLEDGEMENT
We would like to thank our professor; Mr. WANGCHUK CHUNGYALPA who
gave the opportunity to make this project through which we have gained
valuable information on the topic âMaggi.â
We would also like to thank all my friends for helping and making the project
successful. These acknowledgements are one way where we can actually
thank the people who have been instrumental in the making of this project.
With their help the project was done with ease. We would like to thank a lot
of people without whose co-operation and support working on this project
would not have been so pleasurable and interesting.
3. CONTENTS
Sr. No Particulars Pg. No
1 Introduction to Maggi
2 Brand Story
3 Various products of Maggi
4 Taste and preference of
consumers
5 Demography and psychograph
of consumers
6 Market Share
7 SWOT analysis of Maggi brand
8 Research methodology
9 Questionnaire
10 Data Collected
11 Analysis of questionnaire
12 Conclusion
5. consumer that it was a âbetween mealsâ snack. The company could have
easily positioned the product as a meal, either lunch or dinner. But, it chose
not to do so, because the Indian consumer mindset did not accept anything
other than rice or roti as a meal. Hence trying to substitute it with noodles
would have been futile. The firm did not position it as a âready-to-eatâ
meal either, as the housewife prefers to âmakeâ a meal for her kids rather
than buy it for them. And if she can make it in two minutes with very little
effort, then obviously itâs a hit with her! Whatâs more, if kids also love the
taste, the product is as good as sold! So the â2- minuteâ funda coupled with
the âyummy taste worked!
6. BRAND STORY
Launched in 5 flavors initially â Masala, chicken, Capsicum, sweet & sour,
and Lasagna.
Maggi had to fight hard to be accepted by Indian consumers with their hard-
to-change eating habits. The packaged food market was very small at this
time; Nestle had to promote noodles as a concept, before it could promote
Maggi as a brand. It therefore devised a two-pronged strategy to attract
mothers on the âconvenienceâ plank and lure kids on the âfunâ plank.
Gradually, the market for instant noodles began to grow. The company also
decided to focus on promotions to increase the brand awareness. In the
initial years, Nestle promotional activities for Maggi included schemes
offering gifts( such as toys and utensils) in return for empty noodles pack.
According to analysis the focus on promotion turned out to be the single
largest factor responsible for Maggiâs rapid acceptance. Nestleâs Managers
utilized promotions as measured to meet their sales target. Gradually, sales
promotion became a crutch for Maggi noodles sales. Later many of the
Maggiâs extensions also made considerable use of promotional schemes. The
focus of all Maggiâs extensions was more on below the line activities rather
than direct communication. In addition to promotional activities, Maggi
associated itself with main stream television programmed and advertised
heavily on kids programmed and channels. After its advertisements with
taglines like âmummy bhookh lagi hai, bas do minuteâ and fast to cook good
to eat Maggiâs popularity became highly attributed to its âextremely high
appeal to childrenâ. As a result, Maggiâs annual growth reportedly touched
15% during its initial years.
7. VARIOUS PRODUCTS
The product mix of Maggi is divided into various categories defined
below. The company has launched various products under each
category as mentioned below.
1. Noodles
a) Maggi 2-Minute Noodle (Masala, Chicken, Curry and Tomato)
b) Maggi Dal Atta Noodles (Sambhar taste) Vegetable Atta Maggi Noodles
c) Maggi Rice Noodles (Lemon Masala, Chilly Chow and Shahi Pulao)
d) Maggi Cuppa mania (Masala yo, Chilli chow yo)
2. Sauces
a) Teekha masala Tomato chatpat Imli khata mitha Tomato ketchup Hot
and sweet Tomato pudina
b) Ginger, Garlic & Coriander
c) Maggi Oriental Chilli Garlic
d) Ginger, Garlic & Coriander
3. Maggi Pichko
4. Soups Healthy
a) Chef Style
i. Cream Mushroom
ii. Sweet Sour Tomato Noodles
iii. Tangy Tomato Vegetables
b) Home Style
i. Creamy Chicken
ii. Mixed Vegetable
iii. Rich Tomato
8. c) Chinese Style
i. Chinese Hot Sour Chicken
ii. Chinese Sweet Corn Chicken
iii. Chinese Sweet Corn Vegetables
iv. Chinese Hot & Sour Vegetables
5. Maggi soup sanjivni
a) Amla
b) Badam
c) Spinach
d) Dal
e) Tomato
6. Maggi bhuna masala
a) Bhuna masala for gravy dishes
b) Bhuna masala for vegetable dal
7. Maggi magic cubes
a) Chicken
b) Vegetarian masala
9. TASTE AND PREFERENCES OF CONSUMERS
Health is the flavour of the season. Food companies in India are growing
aware of the increasingly changing consumption trends and taste
preferences among the Indian junta. No surprises, but this is the reason
more and more companies are coming up (or are actually re-marketing) with
products that are healthy. Take for example Coke and Pepsi; both have
already started looking into the non-carbonated drinks category section.
Maggi first introduced in the market Maggi Atta Noodles â which it claimed
was a healthy food as it was made of wheat flour followed by soups.
Nestle India, in an effort to carry on with its trend of providing the Indian
consumerâs healthy food recently introduced a range of Healthy Soups. The
entire range consists of the following; maggi tomato, mixed vegetable,
tomato vegetable, mushroom, chicken, sweet corn chicken and hot and
sour vegetable. The product is priced at Rs 25 for 70 grams.
Maggi became successful because it understood consumers. The brand
never wanted to change Indian consumerâs habit. It did not have ambitions
about changing Indianâs breakfast or dinner preferences. What Maggi did
was to slowly attach itself to Indian consumer's need without disruption.
Maggi was also closely watching consumer preferences. When consumers
wanted healthy food, Maggi launched Atta Noodle variants that were
healthy. More importantly this move addressed the concerns of
Homemakers. The brand extended itself to multiple segments but without
diluting the core brand equity.
Maggi over these years have made lot of mistakes. It made mistakes because
the brand was willing to experiment. More importantly the brand learned
from those mistakes and corrected itself. Maggi also invested heavily in
brand building. The campaigns for one of Maggiâs products were always
there in the media which kept the brand fresh in the mind of the consumers.
Maggi personifies the basic principles of understanding c o n s u m e r s ,
innovating and investing in the brand.
Maggi is one packaged food brand that has only seen its popularity grow in
the past many years and the secret to the success is that instead of trying to
10. change the food habits of consumers, it has tried to align itself with local
tastes and preferences with the âfast to cook and good to eatâ promise.
To commemorate its successful journey through a quarter of a century in
the worldâs largest consumer market, the brand, last year, launched an
innovative campaign inviting its loyalists to share with it their Maggi stories
and promised to broadcast them to the world at large, thereby, making
them the superstars overnight. Along with television commercials, which
aired individual consumer stories of their lasting memories of Maggi,
the brand displayed pictures of these loyal customers on the Maggi packs.
Nestle also introduced a website Meandmerimaggi.in for engaging with
them.
The company also rewarded its consumers by adding to the Maggi portfolio
that hitherto had sauces and soups in various flavours, a range of prepared
dishes and cooking aids such as Maggi Bhuna Masala and Maggi Pasta. So
far focused on urban consumers, the company also made a pitch for rural
consumers by launching Maggi Rasile Chow noodles at an inviting price of
Rs4. Again, local tastes and recipes have been at the core of all these
marketing innovations.
âCreating delight and happiness in everyday meals is not just about providing
tasty food. It is about providing taste and health in a convenient
combination,â says Shivani Hegde, general manager, foods.
11. DEMOGRAPHY AND PSYCHOGRAPHY OF
CONSUMERS
Demography:-
1) Age and sex: - Maggi products are consumed by people of different
age groups. They are consumed by children, teenagers, adults as well as
old people. They are consumed by both genders male and female.
2) Income: - Maggi products are available at reasonable prices. So they
are consumed by the lower, middle as well as the higher class.
3) Religion and nationality: - Maggi products are famous and are
consumed by people of all religions and nationality.
Psychograph:-
1) Attitude: - Consumers of maggi have a positive attitude towards the
product which makes it the leader in the market. Maggi dominates the
market.
2) Lifestyle: - Lifestyle determines the way of living of people. It describes
how a consumer leads his life. Maggi products are consumed by all.
12. MARKET SHARE
Maggi's Market Share in Ketchup Category
45%
55%
Maggi
Others
Maggi has a market share of 45% which is a high percentage. It dominates
the market in the ketchup segment.
13. Maggi's Market Share in Noodles Category
20%
80%
Maggi
Others
Maggi has a market share of as high as 80% in the noodles segment. It
dominates the market. It is the leader in this segment.
14. SWOT ANALYSIS OF MAGGI BRAND
The SWOT analysis of Maggi brand clearly indicates the strengths of Maggi as
a Brand in Indian market. The Brand was found to be a leader in its category
of Noodles, with strong customer loyalty. Intensive distribution of Maggi as
a Brand was seen in urban areas of the country. The major threats of the
brand as shown in the figure below indicates that Maggi has made several
attempts to revamp itself as a âHealthy Productâ but till date its perseverance
towards the tag line is low by the consumers. The brand is in the growth
stage of product life cycle with a strong inclination towards the maturity
stage.
SWOT ANALYSIS
STRENGTH: -
Market leader in their segment.
Strong brand loyal consumer base.
Wide range of distribution channel.
Product according to the need of Indian consumer.
Innovative Product
WEAKNESS:-
Product is dependent on each other
Not so much presence in rural market
OPPORTUNITY:-
Increasing number of working youth.
Product has been acceptable in youth category.
Shift to rural market.
Changing preference of consumer towards Chinese food and fast food.
Can foray into other food markets with its strong Brand name.
THREAT:-
Price war with competitors.
Strong presence of regional competitors.
Consumers donât perceive it as a âHealthy Productâ.
15. RESEARCH METHODOLOGY:-
METHOLODOGY
The research will be carried out in the form of a survey. This will include
primary research in addition to secondary research as stated below. The
survey research method will be descriptive research design. Each respondent
will be interviewed through a Questionnaire. The sample will be selected by a
simple random sampling method.
The survey will address the following information area:
Information Areas:
The objective as spelt out can be elaborated into specific information areas to
be studied.
ï How do customers perceive Maggi as a stable brand, their perception of
noodles and how do they associate themselves with Maggi?
ï Are the consumers aware of Maggi Brand or they associate noodles with
some other brand?
ï Which product from the entire basket of Maggi products do the consumers
consider as the best selling product for Maggi and to which the consumers
frequently buy?
ï Are the consumers willing to accept Maggi brand extensions to some other
products like chocolate, juices, chips etc?
16. QUESTIONNAIRE
OBJECTIVES OF QUESTIONNAIRE
ï To understand the influence of Maggi as a brand on consumers mind set.
ï Sources of Brand equity of Maggi like Brand awareness, Brand image,
Brand association, Brand recall.
ï To understand the Brand performance of Maggi products.
ï To understand Brand Imagery, Brand Quality perceived by customers,
Brand credibility, consideration, superiority and feelings.
ï To know the medium of media through which they became aware of Maggi.
Q 1) Are you a consumer of Maggi?
o Yes
o No
Q 2) what comes first in your mind when you hear the word Maggi?
o Noodles
o Fast food
o Snacks
o None of these
Q 3) what is the brand that comes to your mind when we say the word
noodles?
o Maggi
o Top Ramen
o Surya Noodles
o Anil Noodles
17. Q 4) Color the ring for the following Maggi products w.r.t. frequency of
purchase with 1 being the highest rank
o Noodles
o Ketchup
o Soup
o Pickles
o Cubes
Q 5) with what products would you associates the brand Maggi?
o Ketchup
o Noodles
o Soup
o Masala
Q 6) on a scale of 1 to 5 Color the ring to rate Maggi on the following
parameters
o Taste
o Variety/Flavours
o Hygiene/Purity
Q 7) the categories which Maggi should look in future in order of your
importance:
o Chocolates
o Salted Potato Chips
o Fruit Juices
o Processed foods (Ready to use pastes, masalas)
o Others (Please mention)
Q 8) how do you perceive Maggi products?
o Good for health.
o Ready to eat.
o Junk food
o Tasty / Fun eating
18. Q 9) Which Maggi products in noodles category do you regularly buy?
o Maggi masala
o Maggi vegetable atta noodles
o Maggi dal atta noodles
o Maggi rice noodles mania
o Others( Plz Mention)
Q 10) You came to know about Maggi from:
o Newspapers
o Radio
o T.V advertisements
o Word of mouth
o Other source
Q 11) Do you perceive Maggi noodles as a healthy product?
o Yes
o No
Q 12) If No then your suggestions for improvement as a healthy product?
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19. DATA COLLECTED
S. Name Gende Age Occupation Address Monthl Product Remarks
No r y Used of
Income Maggi
1. Pappu Sharma M 20 Student Gangtok 1000 Noodles Excellent
2. Krishna Murari M 21 Student Gangtok 2000 Ketchup Good
3. Nabakishore M 23 Lab Deoralli 15000 soup V.Good
Dutta Assistant sanjivni
4. Himanshu Ranjan M 24 Asst. Rangpo 35000 soup Fair
Professor sanjivni
5. Trishna Sinha F 20 Student Ranipool 3400 Noodles Excellent
6. Nishant agarwal M 18 Student Gangtok 900 bhuna Excellent
masala
7. Bikash kumar M 19 Student Gangtok 2500 bhuna V.Good
masala
8. Trisrota Sarkar F 23 Lab Tadong 5400 Noodles V.Good
Assistant
9. Ravi Arora M 19 Student Tadong 1800 soup Good
sanjivni
10. Mukesh Ambani M 22 Student Manipal 1900 bhuna V.Good
masala
11. Ritika Ranjan F 24 Student Namchi 2400 Noodles Good
12. Anjali Chaurasia F 21 Student Geyzing 5500 bhuna V.Good
masala
13. Kriti Srivastava F 25 Student Singtam 7200 Noodles Good
20. ANALYSIS OF THE QUESTIONNAIRE
Q 1) Are you a consumer of Maggi?
o Yes
o No
Analysis: The survey suggested that out of 13 consumers all 13 are consumers
of maggi products. Maggi is quite famous with the different types of
consumers in the market. Our survey took the sample of consumers in
general.
Q 2) what comes first in your mind when you hear the word Maggi?
o Noodles
o Fast food
o Snacks
o None of these
Analysis: The survey suggested that 7 out of 13 consumers associated maggi
with noodles. 3 for snacks and masala each. People are familiar with maggi as
a brand for noodles in majority.
Q 3) what is the brand that comes to your mind when we say the word
noodles?
o Maggi
o Top Ramen
o Surya Noodles
o Anil Noodles
Analysis: The survey suggested that Maggi is the most popular brand with
consumers of noodles. It suggests that 12 out of 13 consumers associate
noodles with maggi.
21. Q 4) Color the ring for the following Maggi products w.r.t. frequency of
purchase with 1 being the highest rank
o Noodles
o Ketchup
o Soup
o Pickles
o Cubes
Analysis: Most of the consumers have given noodles as 5 star. People
purchase maggi noodles in majority. The frequency of the purchase of maggi
noodles is high. Then ketchup as 4 star, etc.
Q 5) With what products would you associate the brand Maggi?
o Ketchup
o Noodles
o Soup
o Masala
Analysis: The survey suggested that 7 out of 13 people associated the brand
maggi with noodles. 3 consumers associated it with masala. 2 consumers
associate the brand with soup and 1 with ketchup.
Q 6) On a scale of 1 to 5 Color the ring to rate Maggi on the following
parameters
o Taste
o Variety/Flavours
o Hygiene/Purity
Analysis: The products of maggi have been rated well above 3 stars in the
above parameters given by most of the consumers.
22. Q 7) The categories which Maggi should look in future in order of your
importance:
o Chocolates
o Salted Potato Chips
o Fruit Juices
o Processed foods (Ready to use pastes, masalas)
o Others (Please mention)
Analysis: According to the survey, maggi should look for salted potato chips in
future as it is highly demanded by the people in the market.
Q 8) How do you perceive Maggi products?
o Good for health.
o Ready to eat.
o Junk food
o Tasty / Fun eating
Analysis: The survey suggests that most of the consumers perceive maggi
products as being good for health.
Q 9) Which Maggi products in noodles category do you regularly buy?
o Maggi masala
o Maggi vegetable atta noodles
o Maggi dal atta noodles
o Maggi rice noodles mania
o Others( Plz Mention)
Analysis: The survey suggested that most of the consumers regularly buy
maggi vegetable atta noodles while a few of them preferred maggi masala
noodles.
23. Q 10) You came to know about Maggi from:
o Newspapers
o Radio
o T.V advertisements
o Word of mouth
o Other source
Analysis: The survey suggested that a majority of the people came to know
about maggi through television advertisements. Maggi advertisements are
quite famous with the consumers.
Q 11) Do you perceive Maggi noodles as a healthy product?
o Yes
o No
Analysis: The survey suggested that majority of the consumers perceive maggi
noodles as a healthy product. The survey suggests that 20 out of 20
consumers perceive maggi noodles as a healthy product.
Q 12) If No then your suggestions for improvement as a healthy product?
____________________________________________
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Analysis: The survey suggests that 13 out of 13 consumers perceive maggi
noodles as a healthy product and need no improvement as a healthy product.
24. CONCLUSION
The survey was a huge success in which we were able to know about the well
established product of maggi in the market.
. Older people are also more expected for a larger choice of products than
younger (goes progressively from 51% to 71% of interest).