This document discusses M&M's plans to launch its popular chocolate candy brand in India. It provides background on M&M's history and product, then outlines a strategic plan for entering the Indian market, including targeting local audiences, adapting marketing and flavors, establishing distribution partnerships, and considering competitive pricing. The document also identifies M&M's major competitors in India such as Cadbury, Nestle, and Ferrero, and recommends differentiation strategies around unique flavors, localization, e-commerce, and creative marketing campaigns for M&M's to overcome them.
This document discusses M&M's plans to launch its popular chocolate candy brand in India. It provides background on M&M's history and product, then outlines a strategic plan for entering the Indian market, including targeting local audiences, adapting marketing and flavors, establishing distribution partnerships, and considering competitive pricing. The document also identifies M&M's major competitors in India such as Cadbury, Nestle, and Ferrero, and recommends differentiation strategies around unique flavors, localization, e-commerce, and creative marketing campaigns for M&M's to overcome them.
This document discusses M&M's plans to launch its popular chocolate candy brand in India. It provides background on M&M's history and product, then outlines a strategic plan for entering the Indian market, including targeting local audiences, adapting marketing and flavors, establishing distribution partnerships, and considering competitive pricing. The document also identifies M&M's major competitors in India such as Cadbury, Nestle, and Ferrero, and recommends differentiation strategies around unique flavors, localization, e-commerce, and creative marketing campaigns for M&M's to overcome them.
ROLL NO- A.20.21 SUBJECT- ADVERTISING DESIGN BRAND- M&M'S INFORMATION ABOUT THE BRAND
M&M'S is a popular brand of chocolate candy that is
manufactured by Mars, Incorporated. The candy is made up of small, round pieces of chocolate that are coated in a colorful candy shell. The brand was first introduced in 1941 and the name "M&M'S" is derived from the initials of the candy's creators, Forrest Mars and R. Bruce Murrie. The candy was originally designed for soldiers as a way to provide them with a portable, tasty snack that wouldn't melt in their pockets. Over the years, M&M'S has become a beloved treat all over the world. The candy is available in a wide range of flavors and varieties, including milk chocolate, dark chocolate, peanut butter, caramel, and more. The brand has also been involved in numerous marketing campaigns, including the iconic "Melts in Your Mouth, Not in Your Hands" slogan. M&M'S has also expanded beyond the candy aisle, with branded merchandise such as clothing, accessories, and even home decor. The brand is known for its distinctive "M" logo and vibrant colors, which have become instantly recognizable around the world. Now this Brand is launching it's product in INDIA. STRATEGIES TO LAUNCH THE PRODUCT Launching a new product in a new market can be challenging, but with a well-thought-out strategy, M&M'S can successfully enter the Indian market. Here are some key elements that M&M'S could consider when launching their candy in India:
1. Target Audience: M&M'S should identify their
target audience in India. This could include children, young adults, families with children, and people who enjoy sweets and chocolates. M&M'S could conduct market research to understand the preferences and behaviors of their target audience in India. 2. Marketing Strategy: M&M'S should focus on building brand awareness in India through various marketing channels. This could include advertising on social media platforms like Facebook and Instagram, as well as through popular Indian media channels like television, radio, and print. M&M'S could also partner with popular Indian influencers or celebrities to promote their brand. 3. Localization: M&M'S could tailor their product and marketing strategy to suit the Indian market. For instance, they could offer flavors that are popular in India, such as mango or cardamom. They could also adjust their packaging design to appeal to Indian consumers. 4. Distribution Strategy: M&M'S will need to identify the best distribution channels to reach their target audience in India. This could include partnering with local retailers, and e-commerce platforms, or setting up their own physical stores in high-traffic areas.
5. Pricing Strategy: M&M'S will need to carefully
consider its pricing strategy in India to ensure that its products are accessible to its target audience while still generating a profit. They could offer competitive pricing in comparison to other brands in the market.
Overall, M&M'S will need to invest in a
comprehensive marketing strategy to successfully launch their candy in India. By understanding their target audience, adapting to the local market, and utilizing various marketing channels, they can increase brand awareness and ultimately achieve success in the Indian market. M&M'S COMPETITORS
In the Indian market, M&M'S will face competition
from other well-established chocolate and candy brands. Some of M&M'S competitors in the Indian market include:
1. Cadbury: Cadbury is a British multinational
chocolate company that has a significant presence in the Indian market. They offer a wide range of chocolate products, including Dairy Milk, 5 Star, and Gems. 2. Nestle: Nestle is a Swiss multinational food and beverage company that offers a range of chocolate and confectionery products, including Kit Kat and Munch. 3. Ferrero: Ferrero is an Italian chocolate and confectionery company that offers products such as Ferrero Rocher, Kinder Joy, and Nutella. To overcome these competitors in the Indian market, M&M'S could adopt several strategies:
1. Differentiation: M&M'S could differentiate its
products from those of its competitors by offering unique flavors and packaging. For example, they could offer flavors that are popular in India, such as cardamom or mango. 2. Localization: M&M'S could tailor their marketing strategy to suit the Indian market. They could collaborate with local influencers, use Indian festivals as an opportunity to promote their products, and offer localized packaging to appeal to Indian consumers. 3. Distribution Strategy: M&M'S could leverage the growing e-commerce market in India and partner with popular online retailers such as Amazon and Flipkart to reach a wider audience. 4. Pricing Strategy: M&M'S could offer competitive pricing in comparison to their competitors. They could also introduce smaller, more affordable pack sizes to make their products accessible to a wider audience. 5. Marketing Campaigns: M&M'S could invest in creative and engaging marketing campaigns that resonate with Indian consumers. They could partner with local celebrities, sponsor events, and run social media campaigns to build brand awareness and increase visibility.
Overall, M&M'S will need to differentiate itself
from its competitors in the Indian market by offering unique flavors, localized marketing strategies, and competitive pricing. By leveraging these strategies, M&M'S can successfully establish a strong foothold in the Indian chocolate and confectionery market. LOGO MAKING