The Market and The Consumers
The Market and The Consumers
The Market and The Consumers
When we look at the basic consumption pattern of ice cream in the local market it can be seen that 67% (figure 1) of consumers , consume ice cream once in two weeks. While among the varieties 39% (figure 2) consume cone ice cream and 18% consume ice cream cup. These results show that ice cream consumption is more an individual task compared to being a group activity. Through our research we were able to conclude that Walls has the highest consumption in the market of 49% (figure 3) while followed by Omore with a consumption of 18%. 52% (figure 4) of the consumers classify themselves as impulse purchasers of ice-cream.
The distribution of the Omore is not efficient enough. Only 13% of the consumers believe it to be easily available. Omore needs to improve its distribution channel. 42% of the consumers believe that it has high variety, with different flavors and colors. 52% of the consumers believe Omore is high priced. After scrutinizing all these points it can be said that the price quality relationship of Omore ice cream is not correct. Consumers believe that Omore is not worth enough to what they pay for.
Brand Plan:
Omore needs to improve its perception. For that they first need to create an new advertisement which emphasis on their taste element, and made from pure milk element. They need to create a differentiation for their product. They have to create a value proposition that they are not a me too product. Create their point of differentiation and have a USP. Their USP should be an ice-cream cone that has great taste and is made of pure milk. They also need emphasis more on their bringing happiness component. Provide better happiness building association. They have to keep the competitor that is Walls Cornetto value proposition. They should stand different from what competitors product stands for. They need to improve their distribution. The availability at stores should be greater than before. While for the price component Omore should keep the same price but increase the value and quality of the product. This automatically improves the price quality relationship of the brand.
APPENDIX:
Figure 1
Cone 39% Ice-lolly Ice cream stick 11% Ice cream cup
Figure 3
Figure 5
Figure 6
How do you get to know about the new or old brands of packaged ice cream?
12% 17% 51% 20% TV Radio Newspaper Friends or relatives 0% Store
Figure 7
# 10 11 12 13 14 15 16 17 18 19 20 21 22
Table 1
Walls Brings happiness to me Especially liked by children Has attractive packaging Is made from pure milk Is easily available Has a good taste Is affordable (I can buy it with my pocket money) Is most popular amongst my age group I would recommend to my friends Comes in a lot of different flavors and colors Never heard of it until today Costs more than what you are willing to pay Is value for money
Omore
Igloo
Hico
81% 61% 35% 29% 87% 65% 55% 81% 74% 58% 5% 32% 52%
10% 29% 61% 39% 13% 16% 16% 19% 16% 42% 5% 52% 29%
0% 6% 3% 6% 0% 0% 19% 0% 0% 0% 18% 6% 6%