Pampers is baby and toddler American brand which is owned by the parent Company Procter and Gamble. The main products manufactured by Pampers are diapers, training pants and baby wipes. Pampers is a very famous brand in Pakistan and is purchased by almost every woman who has kids aged between 0-3 years. The awareness of Pampers in Pakistan was done mainly through television commercials, along with that hospitals such as Aga Khan and South City also use pampers for new born babies in the ward. The Target market of the market offering: The target market of Pampers Pakistan consists of moms to be and mothers of children aged between 0-3 years. Through this, it can be understood that Pampers is not a niche market product because diapers are needed in almost …show more content…
Moreover their diapers are made from soft and breathable materials that gives Pampers extra credit as babies can easily move along in these comfy diapers, whether they play or sleep during the day. Branding elements that gives Pampers an extra edge in the baby industry: 1. Consumer is first priority – Conducting researches and surveys on what consumer feel at present moment and what they want in future, this is what pampers keeping looking into. This is to have a deep consumer insight for further improvements for their product. This gives Pampers competitive advantage, as they don’t just want to listen to their customers but the brand wishes to meet them in person to gain a better understanding of customer needs and wants. 2. Market segmentation based on consumer understanding – In this part the company takes each and every baby into consideration. Such as babies from different ages groups have different needs in terms of material and comfort. Not only the babies but their mothers are also studied carefully to provide them with those features that their mother wish to have for their
understanding consumers’ needs, how groups of consumers differ from one another, and how consumers decide among products. The market need would be for specialty girls’ childrens clothing The following would be segmentation of the clothing market to help better understand the consumer (potential buyers): Geographic Segmentation Global Region or Country: India, Ect...
Procter & Gamble has wide global exposure. Its products are sold in 180 countries through wide-ranging distribution channels including mass merchandisers and grocery stores.
They have a very clear strategy for the pursuit of their goal and vision. The market segmentation as well as the identification of target markets is the important element of each marketing strategy at which they are the basis for determining any particular of the marketing mix, which is product, pricing, place and promotion. Market segmentation reveals the company's market segment opportunities. The company has to evaluate the various segments and decide how many and which segments it can serve the best. In evaluating different market segments, a company must consider of three factors, that is, segment size and growth, segment structural attractiveness and also company’s objectives and resources. (Armstrong & Kotler, 2005)
In order to market the product into the market successfully, marketers need to have some marketing strategy to enter the desired market and make profit. Market segmentation is the process of dividing a market into subsets of consumers with common needs or characteristics (Schiffman et al., 2011). Understanding the market size and segmentation is valuable, but the keys to effective targeting is to know just how valuable specific consumer groups are, and being able to quantify the impact of consumer trends ( Berry, 1999).
19) ______________ is the process of naming broad product-markets and then segmenting these broad product-markets in order to select target markets and develop suitable marketing mixes.
Market segments are group of persons who share the same set of desires and wants. An institution like Adidas wants to make sure they create the appropriate segments for their new product offering. It is their marketing department's responsibility to identify the proper segments and choose the specific target (UK Essay 2015).
What is Market Segmentation? According to Investopedia (n.d), market segmentation is a term used in marketing that refers to the aggregating of a potential buyer into groups, or segments, that share common needs and would respond similarly to a particular action in marketing. By utilizing market segmentation it enables Victoria’s Secret to target different categories of consumers who recognize the full value of certain products and services differently from one another. Furthermore, market segmentation is an extension of market research for the purposes of identifying targeted groups of consumers in order to tailor products and branding in a way that it is attractive to that group. There are three general criteria used to identify different market segments: homogeneity, distinction and reaction (Investopedia, n.d).
As every customer has unique needs and expectations towards certain products, the ultimate goal of market segmentation is to organize customers into groups which allows targeting of customers with similar needs of and response to the products. The key is to minimize differentiation within each segment
Segmentation also helps the marketer assess as to what extend existing offer from competitors match the needs of different customer segments. The marketer can thus identify the relatively less satisfied segments and succeed by concentrating on them and satisfying their needs.
Market segmentation is usually based on company size, geographical area and possible demand. Peter and Harvey are wary that the company only has a limited number of resources and at this stage it would be unrealistic to look at serving large multi-national companies, as well as internationalisation. The priority at this stage is to increase awareness and market share within its region.
Market segmentation- is the process in marketing of dividing a market into distinct subsets (segments) that behave in the same way or have similar needs. Because each segment is fairly homogeneous in their needs and attitudes, they are likely to respond similarly to a given marketing strategy. That is, they are likely to have similar feeling and ideas about a marketing mix comprised of a given product or service, sold at a given price, distributed in a certain way, and promoted in a certain way. Broadly, markets can be divided according to a number of general criteria, such as by industry or public versus private sector. Small segments are often termed niche markets or specialty markets. However, all segments fall into either consumer or
On the other hand, another research titled “Feminine Hygiene Products: Market Research Report” published by Market Publishers shown that the leading players in the global sanitary napkins market in 2013 according to market share by company are Procter & Gamble , Kimberly-Clark, Johnson & Johnson, SCA, Unicharm, Kao and the others.
Tesco Malaysia is one of retail of staple merchandise because most of their stores are sold more grocery product such as milk, tin food, carbonated drink, milk, bread and more. Furthermore, there are sold a lot of the brands for this grocery product such as coca-cola, Mamee, Maggi, Nestle, F&N and
Market segmentation is an approach used by a company to select their target market and provide data for a marketing plan. “Market segmentation consist of a two-step process; naming broad product markets and segmenting these broad products-markets in order to select target markets and develop suitable marketing mixes” (Perreault, Cannon, & McCarthy, 2014, p.97). There are 4 categories pertaining to market segmentation; behavioral, geographic, demographic, and behavioral.
4. The Packages Group The seed of this huge empire was sown by Syed Maratib All, a renowned supplier for British Army and the Indian Railways before partition. The group launched a joint venture with Lever Brothers soon after 1947, but massive production of Pakistan Tobacco Company later reportedly made Syed Maratib All and sons install a packaging Unit by the names of Packages. Two of Maratib's sons-Syed Amjad All and Syed Babar Au have remained Pakistan's finance Ministers and two of his well-known grand-children-Syeda Abida Hussain and Syed Fakhar Imam- are political stalwarts who need no recognition. Late Syed Amjad Ali was Pakistan's first Ambassador to the United Nations, while Syed Babar Ali is the force behind the establishment of the LUMS. The group owns Nestle Pakistan too which is being run by Syed Yawar Ali. Syed Babar Ali has also served as Chairman