Jiyas minor project
Jiyas minor project
ON
“ANALYSIS OF MARKETING STARATEGIES OF NESTLE
MAGGI”
SUBMMITED IN THE PARTIAL FULFILLLMENT FOR THE AWARD
OF DEGREE OF BACHELOR OF COMMERCE HOUNOURS 2023-26
4
ACKNOWLEDGEMENT
I would like to express our sincere gratitude to all those who contribute to the
successful completion of this minor project title ANALYSIS OF MARKETING
STARATEGIES OF NESTLE MAGGI.
I also extend our appreciation to MERI COLLEGE for providing me with the
necessary and facilities to carry out this project. Specially I am grateful to my
family and friends for their unwavering support, understanding, and patience
throughout this academic journey.
JIYA VISHWAKARMA
B.Com (Honors), Semester 2
MERI College
4
STUDENT DECLARATION
I, JIYA VISHWAKARMA , hereby declare that the project titled " An Analysis
of Marketing Strategy" is my original work and has been carried out under the
supervision of DR.S.S. MISRA.
All sources of information used in this project have been duly acknowledged
and referenced. Any external assistance received during the course of this
project has been appropriately cited.
I attest that this project represents my own efforts and does not contain any
material that has been submitted for academic credit elsewhere.
JIYA VISHWAKARMA
12APRIL,2024
4
CERTIFICATE
This is to certify that the project dissertation titled ‘ANALYSIS OF
MARKETING STRATEGIES OF NESTLE MAGGI’ is an academic work done by
JIYA VISHWAKARMA submitted in the partial fulfillment of the requirement
for the award of the degree of “Bachelor of Commerce (Honours)” from
“Management Education and Research Institute, New Delhi” under my
guidance and direction. To the best of my knowledge and belief the data
and information presented by her in the project has not been submitted
earlier elsewhere.
DR. SS MISRA
Associate Professor
MERI COLLEGE
4
INDEX
S.NO. DESCRIPTION
1. CERTIFICATE
2. ACKNOWLEDGEMENT
3. STUDENT’S DECLARATION
4. TABLE OF CONTENT
5. EXECUTIVE SUMMARY
6. CHAPTER-1 INTRODUCTION TO THE PROJECT
7. CHAPTER-2 MARKETING AND PROMOTIONAL
STRATEGIES
8. CHAPTER-3 ANALYSIS AND INTERPRETATION
9 STP ANALYSIS, SWOT ANALYSIS
10. CHAPTER-4 CONCLUSION AND
RECOMMENDATION
11. BIBLIOGRAPHY
4
EXECUTIVE SUMMARY
4
The term FMCG refers to those retail goods that are generally
replaced or fully used up over a short period of days, weeks, or
months, and within one year. This contrasts with durable goods or
major appliances such as kitchen appliances. Which are generally
replaced over a period of several years?
4
CHAPTER-1
4
NESTLE MAGGIE
• The MAGGI brand was founded by Swiss entrepreneur Julius Maggi in
Switzerland(1884).
• He first invented a pea and bean ready-to-use soup powder, to provide nutritious
and easy to prepare food for busy women who worked in factories and didn't
have time to prepare healthy meals.
• The first MAGGI product was followed two years later with the invention of
ready-to-use soups.
• Maggi was later acquired by Nestle in the year 1947.
4
Fig. 1
4
COMPANY PROFILE
INTRODUCTION TO NESTLE:
Fig 1.1
4
HISTORY OF NESTLE MAGGI
YEAR 1886- several women were factory workers, thus the time
available for housework preparation of a meal was considerably
reduced, and working-class families suffered from poor nutrition. In
view of this state of affairs, the doctor Schuler recommended the
wide use of dried vegetables: peas and beans, given their rich
nutritive value. Julius Maggi produced appliances for roasting and
grinding these vegetables, to make flour from peas, beans, lentils,
etc., enabling housewives to make a quick nourishing soup.
4
YEAR1948- Sopad took over from nestle to handle
production and marketing for nestle and Maggi products in
France. Maggi now had eleven factories throughout the
world.
MAGGI – INDIA:
Nestle India Limited (NIL) is the market leader in Indian
Noodle Market with its Maggi Brand of Noodles which
was pioneer brand launched in 1983 in the packaged food
market of India. It took the challenge and established
Maggi in Indian market considered to be conservative and
typical about food consumption. It‟s appropriate
realization of target.
4
Fig.1.3
4
with almost 37% of market share in 2005 in 1.8 billion
market of India. Knorr has taken over Maggi in soup
market recently.
MAGGI TODAY:
4
MARKETING MIX:
Fig.1.4
PRODUCT OF MAGGI:
NOODLES:
4
MAGGI VEGETABLE ATTA:
4
SOUPS:
MAGGI Healthy Soups contain real vegetables, are low fat, low
cholesterol and free from synthetic colors‟ and added MSG.
These superior healthy soups are now available in an enhanced
range of 12 delicious variants:
Healthy Style
RICH TOMATO
MIXED VEGETABLE
CREAMY CHICKEN
4
MASALA NOODLE
Chinese style
- Hot & sour vegetable
- Sweet corn vegetable
- Sweet corn chicken
- Oriental Thai noodles
Chef style
- Cream of mushroom
- Tangy tomato vegetable
- Sweet n sour tomato Noodles
- Palak corn
SAUCES:
. MAGGI SAUCE
. The quit essential Rich Tomato Ketchup and Rich Tomato Sauce.
.The unique Hot & Sweet Tomato Chili Sauce and Oriental Chili
Garlic sauce
4
. The Indian style tomato chat pat sauce.
MAGGI PICHKOO:
PASTA
. MAGGIE PAZZTA
4
cooking pasta can be conveniently prepared in just 5 minutes, at
any time of the day that you want a tasty and healthy light meal.
MAGGINUTRI-LICIOUS PAZZTA is made from 100% Suji,
and is a source of Protein and Fiber. It has been launched in two
delicious flavors „MASALA PENNE‟ and „CHEESE
MACRONI‟.
MAGGIE PAZZTA
Fig.1.10
COOKING
AIDS:
4
CHAPTER-2
MARKETING AND
PROMOTIONAL STRATEGIES
OBJECTIVES &
METHODOLOGY
4
Qualitative method will be used in the study. Qualitative method
strives on understanding data through giving emphasis on determining
people words and actions.
Primary source
Secondary source
(6) The data in this study is maximum taken from the primary
sources .so; these data are not fully exact.
4
(8) There was a shortage of time and resources for the
functioning the operation.
(9) The data in this study is maximum taken from the primary
sources .so; these data are not fully exact.
Page 28 of 58
CHAPTER – 3
ANALYSIS AND
INTERPRETATION
Page 29 of 58
Noodles 35
Fast food 10
Snacks 5
None of these 0
40
35
30
25
20
Series 1
15
10
Interpretation:
Out of 50 around 35 agree that when they hear the word MAGGI
first noodles comes in their mind & 10% said fast food and other
said snacks.
Page 30 of 58
Maggie 38
Yippee 10
Anil noodles 0
40
35
30
25
20
15
10
5
0 Column2
Column1
Maggie survey
Yippee
Topramen
Page 31 of 58
anil noodles
noodles
Interpretation
Page 32 of 58
Q .3rank of the following Maggie products w.r.t frequency of
purchases with being the highest rank
Noodles 1 Rank
Ketchup 2 Rank
Soup 4 Rank
Pickles 5 Rank
Cubes 3 Rank
INTERPRETATION
Ketchup 12%
Noodles 75%
Page 33 of 58
Soup 10%
Masala 3%
Page 34 of 58
Product
Interpretation
75% of consumers associate the noodles with Maggi, 12%
consumers associate the ketchup, 10% consumers associate with
soup & 3% associate the Masala with brand Maggi.
Variety / flavor 3
Page 35 of 58
5
Availability
Packaging 4
Chart Title
6
3
Series 1
Series 2
2
0
tastehyginevarietyavailabilitypackaging
FIG.:1.18
INTERPRETATION
Page 36 of 58
Q .6 ranks the categories which Maggi should look in future
in order of your importance:
Chocolate 7
Salted potato chips 15
Fruit juice 3
Processed foods 20
Others 5
RANK
chocolate
salted potato chips fruit juice processed foods others
FIG.:1.19
INTERPRETAION:
Here the consumers ranked the Maggi should look in future
their importance & 20% of people said it should be in processed
food, 15% of people said it should be in salted potato chips, 7%
said it should be in chocolate, 3% in fruit juice & remaining said
Page 37 of 58
others. So, company should take the action to fulfill the
consumer demand according to their importance.
Page 38 of 58
Q .7 how do you rate Maggi brand in terms of following
parameters:
Expertise 4
Trustworthiness 5
Liability 3
None of these 1
3
Series 1
0
Expertise Trustworthiness liability None of these
FIG.:1.19
Page 39 of 58
INTERPRETATION:
Good to health 15
Ready to eat 25
Junk food 3
Tasty/ fun eating 7
junk foods
ready to eat
goodto health
0 5 10 15 20 25 30
FIG.:1.20
Page 40 of 58
INTERPRETATION
Maggie Masala 25
30
25
20
15
10
categories
Page 41 of 58
INTERPRETATION
Yes 35
No 15
Sales
yes no
FIG.:1.22
Page 42 of 58
INTERPRETATION
Page 43 of 58
SWOT ANALYSIS:
Fig.3
STRENGTH:
WEAKNESS:
OPPORTUNITY:
THREATS:
Page 45 of 58
Competitors with long history in product category
internationally like Heinz sauce and Ketchups of
Heinz Indian, Top Ramen in Noodles and Knorr
soups.
Less entry barriers in the market segment for product
category.
ITC„s strong base in Indian market.
Substitute product to product segment.
Page 46 of 58
CHAPTER – 4
CONCLUSION:
Page 47 of 58
presence even today. “Maggi Noodles” itself faced a bit of
difficulty with respect
to “taste”, and nearly lost its position in the minds of Indian
consumers in the late 1990s. When nestle changed the
formulation of its tastemaker, the ominous packet that came
along with Maggie Noodles, a major chunk of consumers were
put-off and sales started dropping. Also, Maggi„s competitor “Top
Ramen”
Page 48 of 58
took advantage of the situation and started a Parallel aggressive
campaign to eat into Maggi„s market share. But the company
quickly realized this and went back into making the original
formula coupled with a free sampling campaign. This helped
Maggi to win back its lost consumers and pushed up its sales
volumes again!
RECOMMENDATION:
Page 49 of 58
It should conduct promotional campaigns at schools in
small towns with population not more than 1000
It should strengthen the distribution channel of the rural
areas within 100km of all the metros.
It should launch new advertisement campaign (TV,
radio, print media commercials) with a brand ambassador
or mascot
Page 50 of 58
ANNEXURE
QUESTIONNAIRE
Noodles
Fast foods
Snacks
None of these
Page 51 of 58
Q .3 what is the brand that comes to your mind when we say
the word noodles?
Page 52 of 58
Maggi
Top Ramen
Wai Wai Noodles
Anil noodles
Noodles
Ketchup
Soup
Pickles
Cubes
Chocolates-
Page 54 of 58
Salted potato chips-
Fruit juices-
Processed foods –
Others- (please mention)
Good to health
Ready to eat
Junk food
Tasty/ fun eating
Page 55 of 58
Q .11 do you perceive Maggi noodles as a healthy product?
Yes
No
Page 56 of 58
BIBLIOGRAPHY
BOOKS:
WEB SITES:
http://www.scribd.com/doc/19730142/MAGGI-2
http://www.scribd.com/doc/36716132/2195079-MAGGI-
Project- FInal
Page 57 of 58
http://www.scribd.com/doc/13487983/The-Maggi-Brand-in-
India- Case-Analysis
http://en.Wikipedia.org/wiki/Nestle
http://en.Wikipedia.org/wiki/Maggi
http://en.wikipedia.org/wiki/fast-moving_consumer_goods
Page 58 of 58
NEWSPAPER AND MAGAZINE:
Page 59 of 58