KRAFT Group Report
Report on the appropriateness of iD gum for teen market
Chandra, Hafizhah
Executive Summary
The purpose of this report was to evaluate the appropriateness of the recently launched iD gum brand for its targeted market, teenagers and young adults. Research for this report included reviews of several marketing literature from journals and books, study of relevant psychological issues for the product and its target market, and several statistical data related to the target market.
It was revealed that the target market mainly consumes sugarless gum and its main motivation for purchasing is for functional purposes, while fun comes second. The major findings indicate that the product is very much dedicated for teen
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2010) – will lead to exploration of opportunities and threats. The table below summarizes Mondelez’s macro and micro forces. | | Definition | Analysis | Micro | Marketing Intermediaries | Any firm that help organization to promote, sell and distribution its goods to final buyers | Mondelez is advantageous due to its relation with Wal-Mart and convenience store (established through Cadbury and Milka). (Parnassus Digest, 2013) | | Competitors | Other organizations that sell similar/substitute products | Since Mondelez decided to launch Stride gum in China, it has to face MARS Inc., which is the market leader in China, commanding 18% confectionery share. Mondelez needs to turn the tide and thus aim at different market segment – teen market. (Confectionery News, 2012) | | Publics | Outside groups that have potential to affect or be affected by our organization | Mondelez has been engaging in community involvement to fight hunger and promote healthier lifestyle by contributing $1 billion in cash and food for the past 25 years. This would help brighten the company’s image. (Mondelez International Fact Sheet, 2012) | Macro | Economic | Anything that can affect customers’ buying power and spending pattern | Due to Europe’s rising unemployment and falling GDP, the citizens are short of
As I mentioned above, Mondelez was created to fit a need that Kraft Foods Inc. had to increase their growth globally. Kraft Foods Inc. established their name in 2007 when they broke apart from Altria Group. Kraft became the second-largest processed food company in 2012 with annual revenues of more than $54 billion in 2012 (Gamble, 2016). However, significant growth in the company was not much different from that in 2007 when they became independent. It is the belief of the company’s upper management and board that the reason for their stagnation was due to the fact that their corporate strategy was not focused on the growth of the company.
The Hershey Company and Tootsie Roll Industries are two main confectionery companies. The Hershey Company makes many different products, including chocolate bars, Jolly Ranchers®, Reese's Peanut Butter Cups®, etc. Tootsie Roll Industries also has many different products, including, Tootsie Rolls®, Tootsie Pops®, Junior Mints, Sugar Daddys, and so forth. The "Tootsie Roll Industry is the largest lollipop producer in the world" (Hoovers, 2005, para. 1). Amongst all the confectionery companies nationwide, The
| A company 's organizations and processes for distributing and delivering products to the final customers constitute
Kellogg’s seeks to concentrate on nutrition and physical fitness through product donation for the hungry, as well as programs that educate families about nutrition that nourishing families so they can have a healthy living’(Kelloggcompany, 2011).
In 1981 William Wrigley Jr. began packaging chewing gum with each can of baking soda sold. Soon after Wrigley Jr. noticed that the incentive for purchasing a can of baking soda became far more popular than the initial product itself. Nowadays Wrigley is known around the world for its variety of gums, mints, and candies. In 1999 Wrigley launched Eclipse which was a sugar-free gum that provided incredibly fresh breath solutions for people whose on-the-go lifestyle demanded fresher breath. Everything went great with the product until Wrigley began advertising in print and on the packaging that, “Most other gums just mask bad breath. We kill the germs that cause it. New Eclipse now contains a natural ingredient that kills the germs that cause
Do you like gum? Particularly Trident gum? You do? Me too! My favorite flavor is spearmint, what’s yours? But have you ever tied the name of the chewing gum in with Greek mythology? Hmmmm… I’m guessing not. Think of the logo and name ,and maybe you’ll get a hint from Disney’s The Little Mermaid. Poseidon, under the sea, trident…. yes?
The target market is Women on the go with no children who want a small personal treat. The data revealed that this target market were the heaviest buyers of premium treats, this focused the team to advertise towards “her” and “What does she
Brand building, consumer health and wellness, and advertising and promotions were all critical to success in the industry. Kraft’s ability to compete with lower priced snacks showed its ability to differentiate itself from other lower priced competitors.
Our intended market is college students and under. College students, like myself, grew up eating gummy krabby patties, gummy
Aside from their products and services, these corporations have “Giving back to the communities,” page. These companies give back to their communities by giving scholarships, promote adoption, and create foundations to those in need. For instance, The Ronald McDonald House Charities, Have-It-Your-Way Foundations, and Wendy’s wonderful kids- Dave Thomas Foundation of Adoption. All three of these companies are nationwide as well. McDonalds and Wendy’s dominate more than Burger King does, but all have restaurants worldwide.
An opportunity lies in the 35-54 year old range. It is a market that does not receive much attention and is not specifically targeted. Since this target market consumes only slightly less than the 24 and under market, there is a great opportunity to promote a product that suits their needs and advertisements that speak to them. By capturing that market, DPSG will stay consistent with its brand image and give it the awareness and experience to begin transitioning into the 12-34 year old market in the
Answer: Based on the case study, Kellogg’s main competitors in the ready-to-eat cereals market are General Mills and Kraft Foods and PepsiCo. In the convenience foods market, the main competitors are Frito-Lay unit of PepsiCo which is the largest maker of salty snacks while the Nabisco unit of Kraft Foods which is the largest maker of cookies and crackers. Except from these competitors, Kellogg also has been facing competition with the new entrants or the improved store brand products which intent to get some shares of these two markets. Also, Kellogg’s brand
Samples for the study will consist of youth segment (indicated as consumer in this study) in the age group of 20 to 27 years. Convenience samples are drawn from West Delhi region among the college students. We propose to conduct 4 focus groups with the following profiles:
The organisation that provides the product or service, including any mission statements, visions or goals.
The report is about the market segmentation, targeting and positioning of the tooth paste industry in the local market of Mauritius. For a total population size of approximately 1, 2 million, toothpaste represents 80% of the market. This market is being shares which Colgate Palmolive which represents Colgate has 45% of the market share and the rest is being played among Aquafresh 20% and Blendax occupies 14% of the market share. 21 % of the toothpaste market shares are occupied by Signal, Close up, Casino and other make of toothpaste. Nowadays to be able to survive in this fierce competition world, firms need to satisfy the needs of its potential customers, hence keeping the existing and gaining new ones. For this to be