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Boosta Healthy Drinks marketing plan 1 Table of Content Executive Summary Marketing mission statement Slogans Unique features or proprietary aspects of Product Goals and objectives SWOT Analysis. PESTEL Analysis Target Market. Value proposition Marketing Mix Implementation Executive summary Company goals and objectives are very clear which is mainly about offering healthy drinks. It also cares about going green and apply sustainability practices throughout operations and manufacturing to protect the environment. Boosta’s segmentations are Psychographic, demographic and benefit segmentation where they focus on the lifestyle of their customers which is a healthy lifestyle. Also, the benefits the product offers to have better health. But also, anyone can use Boosta drinks as it is healthy, and anyone can get it. SWOT analysis is conducted to understand initially strengths, weakness, opportunities, threats. PESTEL analysis also is done although it is still a start-up company at the introduction phase this analysis is done to have the foundation for later on and to have a clear picture of the status quo. Marketing Mix also to understand how 4Ps impact marketing plan. Social media platforms are analyzed to expand reach to more customers and to reach all customers through their favorite platform based on their age category. Marketing Mission Statement Boosta, aims to provide a healthy energy drink made from organic vegetables and fruits, providing consumers with their daily intake of multivitamins as well as helping boost their energy. Slogan: Boosta boosts your energy, Immunity and your health. Market Analysis The global health drinks market size was valued at USD 478.10 billion in 2019 and is anticipated to expand at a CAGR of 6.06% in terms of value during the forecast period. It is Found that 59% of consumers in North America purchase products that help save them time and effort. Millennials are leading the charge by making health-promoting diet and lifestyle choices a priority, as recent studies indicate. Market segmentations to focus on: Demographic, Psychographic, Benefits. The U.S. is the largest health drink consuming nation as it holds more than 65% market share of the North America sports nutrition market and approximately 20% market share of the global health drinks market. The factors such as rising health consciousness along with changing lifestyle with fast-paced living in the U.S., Canada, and Mexico is expected to boost the growth of North America health drinks market over the period 2020 to 2026. Unique features or proprietary aspects of Product Boosta Energy drink is different because of its manufacturing process where sustainability practices are applied throughout the entire process to protect the environment. Also, Boosta is an immunity booster drink where anyone can drink to have better immunity and a higher level of energy. Boosta's supply chain process is very well managed and controlled to deliver ...
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Running head: COMPANY DESCRIPTION AND SWOT ANALYSIS 1 Company Description and SWAT Analysis 5 Company Description and SWOT Analysis Andrea Bryant Strayer University Dr. Denel Pierre BUS599: Strategic Management November 4, 2017 My NAB Company is named Pure Sate. The name is intended to display the value devoted to the brand and its drinks. The Nonalcoholic “Pure Sate” is intended to promote both healthy, pure, thirst quenching drinks among individuals, in a healthy family setting. Pure Sate ensures that those who drink the product are able to continue their normal daily activities without experiencing the aftermaths associated with alcoholic beverages. The name “Pure Sate” is also a characteristic of the clean content moods that are experienced by those who drink the beverage. This nonalcoholic thirst-quencher is to be accompanying with happy, healthy, and festive moments. These drinks consistently extend happiness into humanity by giving off a safe, friendlier, and healthier vibe. The Pure Sate non-alcoholic drinks just so happen to gratify the joyful moments of friends, families, and cultures by encouraging healthy drinking lifestyles and temperate moments. This can be achieved on an individual level which will trickle down to friends, then family, different cultures, and realms. The mission statement, “Discharging great vibes for a more healthy, and happier lifestyle” will be the driving slogan for the drink. Themodern-day social responsiveness is fluctuating to the healthy effects of alcoholic beverages and spreading quickly (Berry, 2017). The snowballing effect of illnesses and other health situations related to alcohol use; most individuals in the society are steering clear from bevarages with high alcohol content to those with very little or no alcohol. The nonalcoholic beverage segment is quickly growing in admiration among the international residents. Individuals are fluctuating to the beverages that are not only relieving more contented instants but have no impairment to their health circumstances. Folks are also spending more time being involved in celebratory moments and therefore require drinks that will be unlawful, informally, and morally acceptable to all affiliates of humanity. “Many grocery consumers have recognized a product’s fresh, clean and sustainable benefits among their top purchase priorities when it comes to healthier choices.” (Gilbert, L. 2017) The “Pure Sate” experience will meet all trends since it’s not only nonalcoholic, meaning it can be consumed by all from children to elderly, it has natural vitamins and additional supplements that improves the oversll health of its consumers. Also, Pure Sate beverages will leave you without an after-effect and inebriating aptitude making it suitable for all occasions. Pure Sate pursues the finest value product spot in the market. This involves generating a respected ...
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Running Head: COMPANY DESCRIPTION AND SWOT ANALYSIS COMPANY DESCRIPTION AND SWOT ANALYSIS Company Description and SWOT Analysis LaShondra Jackson Dr. Andrea Banto Strategic Management July 21, 2019 Company Name and its Significance A company name should be distinctive, extendable, and easy to identify and pronounce, and also provide an idea of the products offered by the company (Wheelen, Hunger, Hoffman & Bamford, 2017). The company name which I have chosen is KoolSprings Water Company. The significance of the name KoolSprings Water Company is that it gives an identity of the company and what it will do for business. The company will be focused on providing drinking water to the market and therefore choosing the name KoolSprings Water Company is ideal for the business. The name is also self explanatory of what the company activities are and therefore it is important because customers will be able to easily identify it. Beverage to be produced The company will be packaging non-alcoholic beverage which is bottled water for its customers. The product is ideal for the company to produce because it has a ready market as customers buy drinking water each and every time. The key ingredient for the product is simply water. Most people prefer pure bottled drinking water without any added ingredients and this is the main product to be packaged. Also there will be vitamin bottled water where the pure drinking water will be added some flavors to it. The flavors which will be added are lemonade and mixed berries which will include strawberries, blueberries and raspberries. Lemonade flavor is one of the most preferred water products during the summer period while mixed berries water is one of the well balanced water flavors which can be produced. Company’s Mission Statement A mission statement is a brief statement of why the company exists to do. It will define the values of the company, culture, plan, essential goals and also ethics (Wheelen, Hunger, Hoffman & Bamford, 2017). The mission statement of the company is “At KoolSprings Water Company, our mission is to refresh lives by providing efficient and reliable products which meet the customer standards as we strive to be the world leader in offering pure bottled drinking water”. Trends in Non-alcoholic Industry In 2019, consumer wellness and health has increased which has created a lot of impact in the beverage industry at large. Studies by UCL indicate that 36% of people aged between 16-24 years are now abstaining from alcohol ("More young people abstaining from alcohol, and others drinking less", 2019). Beverage companies therefore are now tasked with developing new products which are not only non-alcoholic but which are in match with the current trends of health and wellness of the consumers. The trends include: Functionality Non-alcoholic industry has recorded an increase in new products which come with functional benefits. Customers require products which will be of benefit to them i ...
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Running head: NON-ALCOHOLIC BEVERAGE COMPANY 1 NON-ALCOHOLIC BEVERAGE COMPANY 5 Non-alcoholic Beverage Company (Matunda Fresh Juices Company) Student’s name: Professor’s name: Course title: Date: The non-alcoholic beverage company for choice is fresh juice manufacturing firm named Matunda Company. The entity intends to produce and distribute fresh juices made from mango, pineapple, oranges among many other local fruits varieties. The name ‘matunda’ signifies the urge to connect with nature fruitfully. The motive for producing and selling the products is improving the overall health of the population while earning profitability for growth and CSR initiatives. The revised non-alcoholic company aims at restoring the standards of production of fresh juice using organic farm produce. The mission for Matunda juice manufacturer is to become the leading health-conscious fresh juice distributor in North America providing products at affordable prices while maintaining relations with customers (Abrams, 2003, p. 72). The mission aligns with the aspiration of the masses in the target market of consuming healthy products that help the body combat ailments associated with lack of specific nutritional elements in the body. The company envisages the possibility of carving a niche as leading brand suppliers for health-conscious drinks to consumers. Matunda plans to operate sustainably by capitalizing on the needs of consumers, then deploying strategies that ensure that the production and distribution prioritizes the well-being of the target population. According to the trends in the market, non-alcoholic beverage firms are targeting health-conscious consumers (Olsen, 2011). However, the ventures provide misleading information concerning the nutritional components of the beverages supplied to consumers. The businesses are instead prioritizing profitability in opting to invest in scientific technologies that integrate preservatives as natural components for consumables. The reporting on the course book about the trends in consumable indicates the surge in interest in the consumption of organic products. Interestingly, the significant majority of products available in the stores in the US is carbonated and has a long shelf life. The consumers use artificial sugars in the production of the components. Additionally, trends indicate that manufacturers invest massive funds in promoting the products as opposed to concentrating on addressing health concerns related to the consumption of nonalcoholic beverages (Olsen, 2011). In the US, the demand for juices is on the rise with at least each household consuming the products daily. The figures surpass the demands for dairy products. The chances of the demand growth are high due to sensitization by the media. Television channels and magazines highlight the benefits of consuming natural organic food components. Another discussion concerning the use of nonalcoholic beverages revolves around the surge in ge ...
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