PRODUCT BACKGROUNDNestle India Ltd. (NIL), the Indian subsidiary of the global FMCG major, NestlÃÂÃÂ© SA, introduced the Maggi brand in India in 1982, with its launch of Maggi 2-Minute Noodles, an instant noodles product.1By launching Maggi noodles, Nestle created an entirely new food segment - instant noodles - within the larger category of Indian packaged food market. Nestle gained the First-mover advantage, and has successfully managed to retain its leadership in the instant noodles category.
Later, NIL extended the Maggi brand-name to a variety of culinary products like soups, sauces and ketchups, and condiments. However, these extensions of the brand were not as successful as the instant noodles. More recently, Nestle has tried to give a 'healthy' bent to products under its Maggi brand, in a bid to attract health-conscious consumers.
OBJECTIVE ANALYSISBy undertaking this study, we intend to look at the various phases in the product life cycle of Maggi noodles in India.
By completing a situation analysis, we expect to gain better knowledge by analysing the company, its environment and the market it operates in. The project shall help us in understanding how a top marketer like Nestle identifies its customer base and consistently manages to deliver superior value to them.
We also aim to explore the strategies used by Nestle India Ltd to create and establish brand Maggi successfully in the crowded Indian food market. The insight gained thus shall be helpful to us in understanding, and arriving at a complete Marketing Communications Program for Nestle Maggi.
SITUATION ANALYSISDefine the Product / CompetitionÃÂÃÂBas do minuteÃÂÃÂ is all it still takes to put a hot, steaming bowl of MAGGI on the table. Twenty-five years after the instant noodle brand from Nestle made its way into Indian kitchens, it has managed to create a category for itself in the...