Tiger Energy Drink Marketin Plan Essay Example for Free

tiger Energy confound Marketin think Essay1. 0. Executive Summary tiger Energy Drink offers their consumers a unique product empower with antithetical us live on on alternatives providing a bever get on with foc phthisisd on positive make of an cipher take in and guarana with an amazing sweet taste. tiger Energy Drink is an alternative to afternoon tea and coffee and can be consumed chilly or hot depending on the preference. It has a very sweet taste -not too oftentimes intense- and can be consumed as a regular beverage. Tiger is positioned itself as an alternative to coffee since it offers a great variety of caffeine (guarana) and some other qualification drink since it offers antithetical flavors. Guarana, the main ingredient of the Tiger competency drink, has a cognitive effect. A 2007 human pilot study assessed acute behavioral effects to four doses (37. 5 mg, 75 mg, 150 mg and 300 mg) of guarana extract. Memory, alertingness and mood were adjoind by the two lower doses, confirming previous results of cognitive improvement following 75 mg guarana. several(prenominal) research also shows that Guarana has antioxidant and antibacterial effects, and also fat cell reduction. The print audience is working relegate and is primarily males and females between 25 40 ages.The majority consumer group of Tiger Energy Drink holds professional workers who spend long hours in office, working p arents and young adults. 2. 0. Situation Analysis Tiger, founded 6 months ago by 2 entrepreneurs, is about to enter the competitive energy drinks commercialise in Turkey. Although Energy Drinks mart is intimately small, its annual growth rate is around 30% and the market is the most productive segment of the non-alcoholic beverages market. The conception of big players and many cheaper outlier products will make it difficult for Tiger to establish a strong scar and market serving in the short term.In order to do that, Tiger will differenciate in prod uct flavors, hot or cold use opportunities and varied serving sizes. Of course, careful targeting of specific segments and financial support marketing activities will be the key to success. 2. 1. Market Summary Energy Drink market in Turkey consists of 0,35% of the whole non-alcoholic beverage market in terms of the market volume. The total volume of non-alcoholic beverages in Turkey is 7,2 trillion liters, whereas Energy Drinks volume is 25,5 million liters.On the other hand, when the market value is taken into consideration, Energy Drink market gets 3,5% of the whole non-alcoholic beverages market. The value of the whole non-alcoholic drinks market is 8,5 billion TL, and Energy Drinks share is 298 million TL. While the average value per liter in non-alcoholic beverages market is 1,18 TL, The same ratio becomes 11,66 TL in case of Energy Drinks. Therefore, it can clearly be seen that this segment is sooner lucrative and profitable. The hoagie-markets, from the biggest to smalles t, are water, tea, carbonated drinks, non-carbonated drinks (e. g. ice tea) and coffee markets.Although, its size is small, Energy Drink market has a steady 30% annual growth rate. Energy Drink consumers are usually in the 25-40 age range, upper income level white collar people. However, cheaper products were able to penetrate low and mid income level segments too. These include truck drivers and blue collar workers. Energy Drinks are consumed in many different occasions. The need of parsimoniousness and productivity defines their sidereal daytime use whereas the need of fun and high energy defines their nighttime use. The table on a lower floor shows how Tiger addresses the basic needs of its targeted segments.Targeted Segment Customer Need Corresponding Feature/Benefit/ yield All Segments Wake-up in the morning Tea flavored, hot or cold utilization optioned Tiger (B vitamins and thein) Students Professionals tightness and Productivity in daytime and work activities Orange, Mel on or Tropical melt Tiger drinks (Guarana) drama and High Energy in nighttime activities Orange, Melon or Tropical Mix Tiger drinks (Guarana, Ginseng, Taurin) 2. 2. trick out Analysis Tiger has several strengths which do not exist in Turkish market. However, lack of pit awareness and image is the most important weakness.The fact that the competition is well established could be identify as the strongest threat. Finally, the fast growing and profitable structure of the energy drink market would be the biggest opportunity. 2. 2. 1. Strengths Tiger has a number of important strengths 1. Innovative Product The product has 3 different and well desire flavors which can be consumed without miscellanea with any other beverage. Alternatively, those flavors of Melon, Orange and Tropical Mix are suited to mix with many different alcoholic beverages. Finally the tea flavored, hot or cold use optioned, 4th variation is the revolutionary energy drink product.With its unmatched and tailor -made for Turkish taste tea flavor this energy drink can be consumed even in breakfast. Its ability to be consumed as a hot drink is also revolutionary. 2. Pricing Tiger offers excellent quality with better set than its 2 major competitors, bolshy Bull and Burn 3. Product Ingredients Tigers excellent gang of Guarana and Ginseng causes great focus, improved memory and higher(prenominal) productivity. Furthermore, the Thein in tea-flavored variation invokes additional alertness, especially required in the morning. 4.Serving Sizes Unlike its competitors, Tiger will have 350 ml cans for Orange, Melon Tropical Mix flavors and 75 ml cans for tea flavored variation as well as the conventional 250 ml cans. 2. 2. 2. Weaknesses 1. drop of Brand Awareness Tiger does not have an established place awareness and image. On the other side, Red Bull, Burn and other competitors have strong brand images. This issue will be dealt with predatory promotion activities. 2. 2. 3. Opportunities 1. Gr owing and Profitable Market The Energy Drink market grows around 30% annually.Furthermore, that sub category of the non-alcoholic beverages market has the highest profitability. 2. Demographics Turkeys population is younger compared with European and U. S markets. Therefore, target market size is lucratively big. 2. 2. 4. Threats 1. Competition The competition in Turkey is well established. Red Bull and Burn share the upper segment of the market with almost 65% of the market value in total. With the addition of littler and cheaper products, there are around 40 different brands in Turkey. In sum, Turkish Energy Drink market is highly competitive. 2.Energy Drinks image Energy drinks are still seen as unhealthy and unnatural. In 2001, Red Bull was banned in Turkish market due to excessive caffeine content. Red Bulls caffeine content is 400 mg per liter, whereas Turkish regulations did not permit higher than 150 mg at that time. However in 2004, Turkish Food Codex has been updated accor ding to European Union standards and Red Bulls ban had been revoked. Additionally, some fatalities occurred after excessive alcohol consumption and it was said that energy drinks were also involved and they would cause death when mixed with alcohol.These incidents along with the banning invoice of Red Bull strengthened the unnatural and unhealthy image of the Energy Drinks. 2. 3. Competition 2. 4. Product crack 2. 5. Distrisolelyion 3. 0. selling Strategy 1. The main marketing strategy is to emphasize Tigers characteristic taste, different usage opportunities and size can. The taste is not too intense but very pleasurable with three different flavor. The product has 3 different and well liked flavors which can be consumed without mixing with any other beverage. Alternatively, those flavors of Melon, Orange and Tropical Mix are suited to mix with many different alcoholic beverages.The tea flavored, hot or cold consumption optioned will be an innovative energy drink. The size als o provides a longer lasting boost of energy and cognition and production cleverness which led to the brand Stay focused slogan. 3. 1. Marketing Objectives Since we are completely a new brand we have set realist but achievable aims for the for the origin and second years of market entry first of all year objectives In 2012, the total volume of energy drink will be theoretically 33 million liter if we take the consideration of the growth rate and last year wasted volume.We are planning to get a 5 percent share of the Turkish energy drink market through unit sales volume of approximately 5. 000. 000. We have to achieve a steady increase in market penetration. The primary goal is to build and increase both awareness and brand committal for Voltro among upper-income professional age 25 40. Second year objectives In second year the main objective is to increase market share from 5 to 8 percent. We are planning to achieve break-even and start to get profit on our third year in busine ss. 3. 2. Financial Objectives.Energy drinks are most profitable beverage among all non-alcoholic beverages. The energy drink market is very small compared to other beverages market but it is growing 30 percent per year. Our financial objective is to maintain and increase this grow rate for our business. For the first year specially we would like to maintain a significant advertising budget to execute and employ different media vehicles magazine, internet, prime-time television, ambient and billboards. These media vehicles will allow Tiger to reach the desired reach and frequencies while memory within the budget.3. 3. Target Markets Tigers strategy is based on a positioning of different and exotic flavors, hot or cold use opportunities and varied serving sizes. Our main consumer target of Tiger is upper income level white collar people, working parents and young adults between 25 and 40 age who insufficiency healthy, natural, delicate and a high quality an energy drink with an a ffordable price. Tiger energy drink has ability to strengthen memory, increase focus and overcome exhaustion and insufficient energy.Our secondary consumer target is low and mid income level which include truck drivers and blue collar workers who seek to stay alert during driving, working, etc These type of consumers are only looking to pay less for an energy drink since they consume for a purpose stay focused and alert. 3. 5. Positioning Kaplans strategy is to be an innovative energy drink by product differentiation based on size, taste and hot or cold usage. Using product differentiation, we are positioning Tiger Energy Drink as the most revolutionary, tasty and healthy energy drink.Tiger is the brand of energy drinks that gives you the need of concentration and productivity in day time and need of fun and high energy in night to allow you to do everything you want in a full day of work and play. The fruity and tropical fresh taste leaves you request for more and the bigger size c ontain more healthy ingredients than their competitors. Our marketing will focus on the value-priced equilibrium, reflecting the positive side of a big size and product taste and usage alternatives. 3. 6. Strategies Product3. 7. Marketing Program 3. 8. Marketing Research 4. 0 Financials 4. 1. Break-Even Analysis 4. 2. Sales Forecast 4. 3. Expense Forecast 5. 0. Controls 5. 1. execution 5. 2. Marketing Organization 5. 3. Contingency Planning Non-alcoholic beverages market data excludes pure milk and home use demijohn water products.