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Hair colour market in India – Rs 450 crore Growth Rate- 24-25% Yearly Annual production 400 tones. MARKET INFORMATION. Market share. Godrej- market leader with a share of 45-50% L'Oreal-25% Revlon-12% Others such as bigen and black rose- Wella- 8%.
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Hair colour market in India – Rs 450 crore Growth Rate- 24-25% Yearly Annual production 400 tones MARKET INFORMATION
Market share Godrej- market leader with a share of 45-50% L'Oreal-25% Revlon-12% Others such as bigen and black rose- Wella- 8%
Hair colour market in India – Rs 450 crore Growth Rate- 24-25% Yearly Annual production- 400 tonnes COMPANY TURNOVERS:- Revlon- L'Oreal- Godrej-
Porters 5 force theory Intense segment rivalry- moderate Promotions done by competitors which cant be done by us due our pricing strategy • substitutes- low threat • Because the niche market will not shift to the substitute products like henna and dye • New entrants- high • Since the capital investments is low, growing market, other companies which are already present in hair care market will enter hair color market. • Buyers bargaining power : low • people do not change their brand easily and hence would not mind paying a higher price for that particular brand • Suppliers bargaining power :
MARKETING MIX • PRODUCT • PRICE • PLACE • PROMOTION
SEGMENTATION Demographics- • Age- 18 to 50 yrs • Sex- Only Women • Income- Sec A • Geographic- Metropolitans and Big Cities in the country. • Social Class- Upper Class. Psychographics- • Lifestyle • Personality Read the box for ingredients, etc.Read the Special Effects Bleach Instructions If you have currently processed or damaged hair, proceed with caution when bleaching.
SEGMENTATION Behavioral • Occasions- weddings and parties • Benefits- quality • Usage rate- medium to heavy users
PRODUCT INGREDIENTS Our product contains : • Developer-75ml • Stearylic Alcohol • Cetylic • Aqua • Colourant-50ml • Stearylic Alcohol • Lauryl Alcohol • Aloe vera • Oil extracts • Para-Phenylenediamine Content
Natural Conditioner-40ml • Stearylic Alcohol • Behenyl Trimonium Chloride • Cyclo Methadone • Gloves • Brush
Product Description Shades • Black - Noir • Dark Brown - Truffle • Light Brown - Mochachino • Deep Red - Red Wine • Light Red - Claret
Product Description Shades • Light Blonde - Light Ash Blonde • Light Beige Blonde - Caramel • Burgundy - Burgundy • Copper Gold - Hazel • Skin Brown - Pelle
Product Differentiation • Contains aloe vera • Contains nourishing oil extracts • New colours • Gives shine and softness • Keeps the hair moisturized USP • Contains VITA H reduces dryness, increases shine
POSITIONING • Only for the Elite or upper class. • Product has high quality. • Good for hair. Position Statement To stylish and sophisticated women, our product gives you the colour and shine in your hair, and the look you desire.
BRAND PERSONALITY • 23 year old woman • Is a model • Stylish • Party's a lot • Outgoing • Extrovert • Smart • Modern • Broad-minded
Branding Strategy DOUBLE BRANDING- • Mac BELLEZZA
BRAND EQUITY PYRAMID Loreal, Godrej Revlon, Wella Schwarzkopf Bigen, Blackrose
COVERAGE AREA Metros Mumbai Chennai Delhi Kolkata Other Cities Pune Chandigarh
DISTRIBUTION CHANNEL Manufacturer (4)Distributors (7%) (38)Stockists (9%) (5200)Retailers (14%) (70)Salon(15%)
PRICING STRATEGY • Market Skimming • High Quality- High Price • High Price to target Niche Market CHALLENGER STRATEGY • Frontal Attack
Product Packaging and Price 165 ml box – Rs. 410
LAUNCH MARKETING 3 STEP PROCESS • 1ST STEP- AWARENESS • 2ND STEP- EVENTS • 3RD STEP- P.R.
S.W.O.T. ANALYSIS WEAKNESSES STRENGTHS OPPORTUNITIES THREATS
STRENGTHS • Quality product • After colour shampoo • 100% grey area coverage • Vita- H: reduced dryness
OPPURTUNITIES • Growing market • Expanding horizontally/vertically
WEAKNESSES • High price • Small market • Lack of awareness • Mixing as per proportions • Contains ammonia
THREATS • Substitutes (dyes and henna) • Other players of the oligopolistic market