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 / CompetitionBas do minute 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 food and snacks market in the country, wonderfully fitting into the breakfast-lunch-dinner-in-between snacking...