The document discusses opportunities in the Indian baby food market for children aged 2-6 years old. A survey found parents want convenient, ready-to-consume mixes that provide balanced nutrition. The market is currently dominated by a few large players and lacks regional flavors, protein sources, and customized Indian options. The proposed solution is a new line of Saffola Baby Foods featuring savory and sweet regional Indian flavors from ingredients like oats, millets, sattu, and ayurvedic herbs. Financial projections estimate the new product could capture 10% of the market within 5 years and generate over $341 million in revenue.
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Marico
The document discusses opportunities in the Indian baby food market for children aged 2-6 years old. A survey found parents want convenient, ready-to-consume mixes that provide balanced nutrition. The market is currently dominated by a few large players and lacks regional flavors, protein sources, and customized Indian options. The proposed solution is a new line of Saffola Baby Foods featuring savory and sweet regional Indian flavors from ingredients like oats, millets, sattu, and ayurvedic herbs. Financial projections estimate the new product could capture 10% of the market within 5 years and generate over $341 million in revenue.
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Executive Summary
Primary Approach Industry Analysis Customer Segmentation
Health-Conscious Parents: Parents preferring traditional food Baby food Market in India Parents who want the best for their for their kids Market Size (2023) : 1.4 billion USD children's health and are searching for a Parents who desire their child to Annual Growth Rate : 12% simple, all-in-one solution providing all consume conventional food items 7 In- 62 2 interviews 4 interviews nutrients. infused with Indian herbs and spices. depth responde with with Driving factors of Growth interview nts of pediatricians retailers, Convenience first Parents: Parents preferring Home Food: Urbanization leading More disposable s with surveys and doctors supermarkets Parents who are working and want Parents who have time to cook, to nuclear families income moms of between , pharmacy to ensure that their child gets a prefer to feed their children with kids up to age of 20- stores. Awareness regarding Omnichannel balanced food option which can be home cooked food. - Difficult to 6 years 36 years complete nutrition Accessibility prepared in no time. convert these people for our product
Competitor Analysis Survey Insights Gap Analysis and Opportunities
~60% of respondents felt the need for convenient, easy to cook baby food given the hectic work lives Most options are Very few alternatives New entrants are sold ~30% of respondents wanted accessible baby food Nestle Cerelac & Ceregrow Slurrp farm Cereals Healthy Panda sweet, Lack of savory for kids aged 2-6 only online, limited Market leader (60% share), New entrant, with Rice, mixes through omnichannel delivery (online + retail) years Recent entrant, Oats & options omnichannel options Largely Rice and Wheat Wheat and Ragi based Millet based porridges, based porridges. Some porridges. Sold mostly ~50% of respondents complained about the taste Some options available options available in Ragi through online channels with Sattu and Wheat and texture of the present offerings Lack of regional flavors Lack of protein-rich Very limited marketing Other competitors include Manna foods, Yummy Valley, Happa foods, Evermaa, Pediasure, ~30% of respondents felt that most of the options customized to Indian options and nutrients especially social media 1st foods and others who have a fragmented market share sold through online channels available are generic and not ‘Indianized’ taste from herbal sources and digital marketing Our Solution Financial Analysis Our Product Mascot Presenting Saffola Baby Foods Range for 2-6 year olds With the survey and the market analysis, USPs we noticed that Available in both savoury & sweet regional link parents wanted flavours that we grew up with and not just ready to consume “porridges” mixes for their kids With only Nestle dominating the market we can expect-pessimistically aged 2-6 years old, Goodness of ayurvedic ingredients like a market capture of 10% within 5 years of its inception. The expected an age where their Mulethi, Tulsi, Ashwagandha known to revenue along these lines is 341 Cr in the 5th year. Saffy the children’s taste buds increase immunity Elephant Profitability has been assumed to be pessimistically around 13% in the are developing and 5th year. Our Mascot Filled with protein from plant based sattu, soy immunity is getting Although with assumptions that marketing expenses will be high to for the kids stronger Attractive packaging bundled with product line compete with existing product as Baby Food demands high loyalty. of Saffola puzzles, comics and toys Go to Market Strategy Alignment with Marico’s purpose Alignment with existing products Feasibility Analysis Our Product Catalogue Marico's slogan, "Make a Difference," is We sell adult healthy food, with oats being our We already have product development consistent with the product. The Baby food most profitable. This product will be along similar experience with Oats. Leveraging the same with Bisi Bele Bhaat market is currently dominated by milk-based lines. millets and Ragi, we can render our product formulations. Similar to Saffola FITTIFY Slim Milk, our product easily. With the proposed product, we will gain access to blends oats, millets etc. with plant-based FITTIFY has used herbs and plants in the Hi- superfoods. a new segment of customers who are health- Protein Slim Meal Shake, which can be used as Like Saffola Oodles, the baby food will be made conscious while maintaining their Indian identity. a know-how feasibility factor for us. With from multi-nutrient Ragi, Millets, and Oats. In This product will be added to the portfolio of food an existing distribution channel we will be able their new baby food segment, Saffola will feature and healthy foods. to deliver the product to the relevant audience our product.
Pain Points Pain Points Pain Points Payasam
1) Misconception that home 1) Budget constraints, 1) Concerns about product food has all the necessary Perception that healthy freshness nutrition food is costlier 2) Desired flavor and SKU 2) Bias about packaged food 2) Lack of omnichannel availability Upma Awareness being unhealthy Consideration accessibility Purchase 3) Spoilage
Product Packaging Marketing Campaigns On ground activation
Partnerships and Easy to read comic strips, Campaign – Milk to Munch awareness seminars with puzzles and engaging short doctors, especially This awareness campaign will teach parents how to story books behind every pediatricians to increase help their child grow and thrive with solid baby food packet awareness products. How to transition from milk formulations Mix Grain Khichdi to Solid food. Emphasis on our quality, safety, and fresh, nutritious ingredients. Product placement in tv Colorful and safe plastic series and shows that spoon and fork set with Campaign – Super Kids with Super Dads kids watch such as chota every bowl bheem and games they #SharedResponsibility #SharedNutrition play on phones Poha The campaign will focus on emotion, removing Collection of free Saffy bias that kid's nutrition is mother's responsibility. Separate product shelf in the elephant toys with Super-Dads will be featured who are cognizant retail stores, product every packet with their kid's nutrition requirement, and are tasting options and always invested in their kid's growth. regional food marketing