Professional Documents
Culture Documents
techniques to
make processed foods attractive to consumers ,
which also helped me in doing a lot of Research and I came to know about
so many new things I am really thankful to them.
Secondly I would also like to thank my parents and friends who helped me
a lot in finalizing this project within the limited time frame. This research
was supported/partially supported by various websites. I am thankful to my
friends who provided expertise that greatly assisted the research, although
they may not agree with all of the interpretations provided in this paper.
CONTENTS
INTRODUCTI
ON
Modern day consumers are fond of variety, novelty and fun. Anything that
surrounds them for too long lures them. With higher disposable income,
consumers today demand for quality and healthy food that is offered as
per their convenience and changing needs. Their palate dictates the very
existence of any food outlet or even the entire fast food industry in the
country. This has virtually posed a great hurdle before the food marketers
who therefore, intentionally resort to unethical practices. These have
sprouted a series of lively international debates on ethical marketing
practices of food items besides the intervention of regulatory authorities
to implement necessary legislation wherever required to reduce the illeffects on the society. For numerous good reasons like development of
ICT, tourism, infrastructure, liberalization, globalization etc , world has
turned up to a truly global village. Indian economy is characterized by a
burgeoning middle class population. All these reasons are enough for the
food industry to bring here, a multitude of different food milieu from
across the globe like the pastas & spaghettis from Italy, the ever-popular
chow Mein from China, the tacos and enchiladas from Mexico, the
Continental pizzas and burgers, the French flamb etc., to name a popular
few which were normally never heard of and were limited within the
confines of star hotels and among those people who could afford them.
But of late, there have been a slew of contemporary foods pouring into
the market at affordable prices that are targeted at the growing numbers
of fashion-conscious consumers. Increasing demands largely from the
perpetually growing niche segment the children and the young adults
have propelled rigorous sale of junk foods that mainly includes energydense fast foods like the puff pastries and burgers containing large
quantity of margarine, butter or cheese; carbonated soft drinks with high
calorie content; sugary breakfast cereals; salty snacks; and other baked
goods like patties, cookies, etc. Food marketers like to reach children and
youth as they are the future shoppers and also, they influence their
parents' purchases. The goal is to make children and youth buyers of a
product for many years.
METHADALOGY
This chapter gives an outlook of the methodology used for the research
undertaken to study the Indian packaged food market, the awareness of
consumers about packaged food products, factors influencing consumption
in choosing the particular brands in the study area and to analyses the
marketing strategies adopted by ITC Foods in the packaged food market.
Research design the research design best suitable for our research is
exploratory type study. As the term suggests, exploratory research is often
conducted because a problem has not been clearly defined as yet, or its
real scope is as yet unclear. It allows to familiarize with the problem or
concept to be studied. It is the initial research, before more conclusive
research (definition of conclusive research) is undertaken. Exploratory
research helps determine the best research design, data collection method
and selection of subjects, and sometimes it even concludes that the
problem does not exist.
Another common reason for conducting exploratory research is to test
concepts before they are put in the marketplace, always a very costly
endeavor. Exploratory research can be quite informal, relying on secondary
research such as reviewing available literature and/or data, or qualitative
(definition of qualitative research) approaches such as informal discussions
with consumers, employees, management or competitors, and more formal
ANALYSIS
Analysis type Analysis for the case studies tends are more opinion based
than statistical methods. The general idea is to try and organize the
company data into a convenient form and construct a narrative conclusion
around it. Case study evaluation and analysis will be of qualitative research
type. Qualitative research design is perhaps the most flexible of the
numerous experimental techniques, comprehending a mixture of accepted
methods and structures. This method of research is particularly useful for
testing the theoretical models by using them in real world and market
situations. Models and theories are attempts to answer the `why' questions
in social science. These theories differ in their complexity (number of
variables and links), scope and abstraction. Different marketing theories
and models are hence used in the analysis with a view of merging the gap
between theory and market reality. Marketing theories and models
propounded by marketing scholars like Kotler and Armstrong (2003) will be
used with the due explanation. For example theories like porters generic
strategy model, PESTEL analysis, Porters five forces for industry analysis,
distribution channel and etc. will be used.
MARKETING TECHNIQUES TO
MAKE PROCESSED FOODS
ATTRACTIVE TO CONSUMERS
In this project for processed food I am making my targeting ITC
processed food products where specifically my target would be its
very famous chips called BINGO. Bingo! Was launched in March 2007
with a wide range of exciting packaged salted snacks. The range includes
multiple flavor variants of Potato Chips & Finger Snacks.
THEIR ADVERTISEMENT
The initial launch advertising, which used a wide variety of touch
points, highlighted the new brand name Bingo! by playing with
words that rhymed or sounded similar. One radio ad suggested
reasons to visit the Congo but then admitted that, while the
Congo had a lot of attractions, it did not have Bingo! Another TV
Bingo!,
RECOMMENDATIONS
1) Maintain the prices at current level.
2) Partner with NON-PEPSI brands like McDonalds to market
BINGO as the Indian snack.
3) Continue with whacky advertisement campaigns to keep
appealing to the city youth.
4) Launch different local flavors for different regions.
5) Move towards health conscious products, make the consumers
aware about the same.
BIBLIOGRAPHY
1) http://www.millwardbrown.com/globalnavigation/blogs/post/mb-blog/2009/02/17/Indian-brand-Bingotakes-on-Frito-Lay.aspx
2) http://itcportal.mobi/brands-microsite/bingo.aspx
3) http://www.abhinavjournal.com/images/Commerce_&_Management/Dec12/2.pdf
4) http://www.slideshare.net/NikunjAgrawal1/marketing-strategies-of-packaged-foodcompanies-in-india-dissertation.