Marketing of Food Products
Diane P. Jonathan S.
Introduction RED BULL ENERGY YOGURT Company Red Bull launches a new product : RED BULL ENERGY YOGURT Target : French market Main characteristic : Taurine 3 differents flavours: - Exotic Fruits - Red Berry - Peach
Red Bull Energy Yogurt
SWOT Analysis COMPANY Strengths: - Innovation - Marketing efforts - Large target - Quality Weaknesses : - Expensive communication - Company doesn’t diversify - Lack of innovation - High price
SWOT Analysis MARKET ď śOpportunities : - Growth of energy market - Public opened on aproval of new products ď śThreats : - Strong competition - Strong legislation - High negociation with central - Torine can be dangerous for the health
PESTEL Analyse Political
Economical • A lot of taxes • Strong unemployment •Recession
• Strong reglementation about torine • A lot of work laws • Polotical stability
• Product protection (patent)
• Demographic growth rate in France: 0.55% • Trend: energy food, neutrecetical food…
• Increase of environment protection: recyclage, non wasting, alternative power…
Segmentation ON THE MARKET FOOD The ultra-fresh nutraceutical market : 2 segments : - The practical segment - The segment to promise health Market yoghurt represents 2,200 million euros or 56% of sales of the ultra-fresh market Nutraceutical represent 900 millions of sales of the ultra-fresh market
Target Young people
18 â€“ 25 and the 25-35 years Have a night life
Every worker Sportive people
And people who donâ€™t buy yoghurt
Personas Is 28 years old Unmarried
Begin a new job, in international
Likes High Tech goods
Practices sport John Doe Likes restaurant
Likes pub and Club
Positioning Practical segment
Easy and playful to eat
Market Plan TV giveways
sponsoring mailing 10%
Planning for products & brands PRODUCT The core product : Red Bull yogurt : natural ingredients - plenty of flavors - little fat – Taurine. The actual product : Characteristics, design, quality and packaging of Red Bull yogurt. The augmented product : Help line / complaint phone service – packaging – distribution. Red Bull Energy yogurt goal : Create a bundle of benefits that will best satisfy consumers and their needs.
Planning for products & brands PRODUCT Quality : Made in France – ISO norms - competitors (Consumers reactions to a product) Features : Taurine/Vitamins – More nutrition, more energy – Sports/Concentration/Reaction Design : Recognition to the company – Logo (To optimize the consumer’s satisfaction ) Packaging : First to contain and protect the product But also attracting, describing, promotional schemes, required informations…
Planning for products & brands BRAND Branding : Consumers view a brand as an important part of a product, and branding can add value to a product. Loyalties – Preferences – Habit – Differenciation Legal protection – Youth culture (Extreme sports, Dance music, Motors sports…) Red Bull : Feeding & Lack of energy – Quality & Value Taurine & Vitamins – Liveliness & Energy
Pricing objectives The selling price of a product innovation depends on several factors and objectives A product innovative, original, modern and fun Our product
Sveltesse geste minceur
2,20€ 6 bottles
2,43€ 6 bottles
2,90€ 6 bottles
Distribution The distribution network will be extended to the territory, mainly in urban areas where the youth population is dense. The choice of some signs of large and medium distribution depends : On the product image On the distributor's implantation On the volume treated, its shelves and its organization The chosen distribution channel Selection of snack and fast food
Communication ADVERTISING TECHNIQUES With TV broadcast : Sports events, serie or movies displayed on TV the weekend or evening With the magazines : Sports one, girly one (Voici, Oops, Public…) Through the social networks : Facebook, Twitter, Youtube… Direct marketing : Flyers, in supermarkets, in strategic places Partenerships : (Red Bull shows) or Sponsorships with an international football team
Advertising Prototypes A GREAT PARTY PLANNED FOR TONIGHT ?
Advertising Prototypes ALWAYS HIGHER, ALWAYS BETTER.
Advertising Prototypes Do you need energy & vitality for your sports challenges?
Advertising Prototypes Fed up with tough mornings ?
Communication LEGAL & REGULATORY SOCIAL What is legal or not ? France has introduced the taurine since 2008 and we can trade it freely now. So there are no problems with the sales of a yogurt with taurine as long as this is legal. At the regulatory social level, yogurts are not regulated in France as long as they respect the norms for consumers. The mix of our two main ingredients is allowed. (we van find it even in childhood milk)
Communication ETHICAL ISSUES ď śAs we know France is a huge consumer of milk products. ď ś The market of yogurts is very competitive and attractive. Consumers always wait for new products. We innovate and we make low prices.
Communication LACTOSE INTOLERANCE
Plan for customer services & internal marketing Importance of customer service for mutlinational (reputation, long-term viability of the product) The customer is king, the customer is right ! Which means? A free 24/7 customer service phone number and surveys. Why internal marketing? Effectivenness of employee, quality of production and satisfaction of customers How to settle a good intra marketing? Chart of behaviour, triple rewarding system, good environment of work and meetings.
Conclusion RED BULL ENERGY YOGURT Company Red Bull launches a new product : RED BULL ENERGY YOGURT Target : French market Main characteristic : Taurine 3 differents flavours: - Exotic Fruits - Red Berry - Peach