Monday, December 9, 2019
Marketing Strategy of Cadbury free essay sample
Eclairs, Celebration, Temptations, and Gems, In milk food drinks segment, Cadburyââ¬â¢s main product ââ¬âBournvita is the leading malted food Drink in the Country. * Sell three kinds of confectionery : chocolate, gum and candy * Operates in over 60 countries. * 35000 direct and indirect suppliers * 187 years old * 45000 people are employed Company Analysis The company * Parent company: Cadbury plc * Indian subsidiary: Cadbury india ltd (CIL) * Cadbury is the worlds no 1 confectionery company and is 200 years young .. The mission Mission- ââ¬Å"Cadbury in every pocketâ⬠Company analysis Market share :chocolate Customer Analysis Customer decision making process Competitor analysis 1. Cadbury- Cadbury, 5Star , Bytes (chocolate snacks) Celebration, Dairy milk , Gems, perk 2. Nestle- Barone, kitkate, milky bar, munch, nestle 3. Amul- amul (choco zoo, chocomines) 4. Dairy milk is the market leader 5. 5 star- (heritage brand which came to India in 1969) has a market share of over 14% Competitor Analysis SWOT Analysis Strength * Reputed Internally as the topmost chocolate provider in the world. The brand is well known to people amp; they can easily identify it from others * Cadbury the world leader in chocolate , is a well known force in marketing and distribution * Users have a positive perception about the quantities of the brand * Cadbury has well adjusted itself to Indian custom. We will write a custom essay sample on Marketing Strategy of Cadbury or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Weaknesses * There is lack of penetration in the rural market where people tend to dismiss it as a high end Product ,it is mainly found in urban and semi- urban areas. * It has been relatively high priced Brand , which is turning the price conscious customer away. People avoid having their chocolate thinking about the egg ingredients Opportunities * The chocolate market has been one of the greatest increases in the recent times (almost @30%) * There is lot of potential for growth and huge population who do not eat chocolates even today that can be converted as new users. Threats * There exits no brand loyalty in the chocolate market and customers frequently shift their brand * New brands are coming and existing brands are introducing new variants to add to an already overcrowded market. PEST Analysis Political * Political decisions can affect Cadburyââ¬â¢s these can be either advantages or disadvantages, if taxes increases, therefore consumers decrease and sales of stock decreases,however is taxes decrease the likelihood is consumers will buy more. * The government is very concerned about obesity heart problem costing the NHS more each year Economical * If the Minimum wage was brought down, this would mean more money for Cadburyââ¬â¢s but would also result in ,low sales from the consumers. * The interest rates can have an affect on Cadburyââ¬â¢s . f the interest rates were high then Cadbury would not want to borrow as much money for expansion Social * Trend in snacking- increase in people eating on the ââ¬Ëgoââ¬â¢ (vending machines) * Local residents with small Businesses near Cadburyââ¬â¢s worlds would benefit from the money that is being brought in by visitors. * More people are health conscious ââ¬âwill read ingredient content. Technological * Better equi pment * Cost of machinery * New machinery * Maintenance Market segmentation Demographic * Age Group- (3years to 18Years) (18 years to 25 years) (25+ years) Behavioural * Occasions ââ¬âDiwali, Rakhsha bandhan etc Psychographic * Cadbury became a part of lifestyle Market strategy (4Ps) Product * Cadbury dairy milk * 5star * Perk * Celebrations * Temptations * Eclairs * Gems * Bubbaloo * Bourniville * Dairy milk silk * Halls Price Discount ââ¬â discount offers in festive sessions Price is an important element of the marketing mix, the price charged for chocolate bar can determine whether a consumer will buy it and the level of sales achieved can determine whether or not Cadbury Schweppes will make a profit Place Cadbury dairy milk is produces at chocolate factory- Manufacturing facilities at: 1. Thane 2. Induri(pune) 3. Malanpur(Gwalior) 4. Bangalore 5. Baddi (Himachal Pradesh) Promotion * Advertisement on TV * Internet * Newspapers, magazines * Hoarding * Promotion through brand ambassadors. Short amp; long term Projection * Cadbury should bring out new products for health conscious people. * It should continue to promote itself as substitute to mithai * Should use Indian ads and avoid global ads in India * New flavours should introduce like strawberry, orange , vanilla etc.
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