SEGMENTATION
Demographic Segmentation:
In demographic segmentation, we divide the market into groups on the basis of
variables such as age, gender, income, occupation etc; these demographic
variables are so popular with marketers so that they are often associated with
the consumer’s needs and wants. Segmentation variables are easily measurable.
Here are the demographic variables have been used to segment markets. Real
Fruit Juice has tried to segment its market on the basis of the set variables
which help them to identify who their customers are and which group they belong
to.
Age:
- Below 15
years – 30%
- 15 - 20
years - 10%
- 21 - 30
years – 25%
- 31 - 40
years - 15%
- Above 40
years - 20%
The companies target audience is the children, bachelors, youth and the
professionals who hardly have much time to take care of their nutritional needs
and look for a health drink on a daily basis.
Gender: They targeted both genders (mainly male because many males will not
like to take extra care to look after their nutritional requirements often when
they are single).
Income: Real Fruit Juice segmented people on the basis of their income
level and they try to target different group with different schemes.
Income status
- Upper
Class 50%
- Middle
Class 45%
- Lower
class 05%
Occupation: self employed (superior level peoples), students, non chronic
patients, officers executives, junior officers, Executives etc.
Education: professionals
Psycho graphic Segmentation:
It is the science using psychology to better understand the consumers, and they
are trying to suit with local food, and they all ready created the brand name
in consumers mind by advertisement and service a major health nutrition and
immediate energizer. With the changing marketing trend s Real Fruit Juice is
continuously trying to cope up with the trends and come up with new flavors and
offers to attract more customers.
Psycho graphic segmentation buyers are divided on following ways:
- Lifestyle:
Business class, outdoor oriented.
- Personality:
ambitious, open to experience.
- Occasions:
Regular, special.
- Benefits:
Quality, service, on the go health drink
- User
status: regular user
- Usage
rate: medium
- Loyalty
status: medium, Loyal
- Readiness
stage: intending to buy
- Attitude
toward product: enthusiastic
Geographic Segmentation:
Geographic segmentation is basically using the spatial location to segment the
market. In geographic segmentation there are different schemes for covering
different geographical distributions such as states, regions, cities. Markets
are mainly divided into the rural and urban areas. The Juice has its feet
firmly in the class A and class B cities and for that matter it is easily
available also in the small towns. But the challenge has always been making it
easily available for the rural market. Several steps are being taken in this
direction.
TARGETING
In geographic segment they targeted countries and places where there was no
outlets where it was available. In demographic segment their main target are
the teenagers and college students (13 to 21 years), young adults ranging from
(21 years to 35 years) or can also be called as working professional those who
have an urgent need for a health drink on the go. In behavioral segmentation it
was found that they were targeting the first time users and also their regular
users. Real Fruit juice targets the entire age groups in more ways than one
because the need for good immunity is a must for all in the modern day
scenario.
STABILITY
Stability strategy involves the maintenance of status quo or, achieves growth
in a methodical, but, slow manner. The main reasons for an organization, to
adopt this strategy are when it wants to take low risk, choose stability and
anticipate the changes, to recover in the business. Since Real Fruit Juice
comes from the brand 'dabur', it already had a sense of stability and its
performance in the market further added to its reputation.
DIFFERENTIATION
Differentiation is aimed at the broad market that involves the creation of a
product or services that is perceived throughout its industry as unique. The
company or business unit may then charge a premium for its product. It attempts
to develop products that are unique in the industry. Uniqueness can be in the
form of service or the ingredients that it is providing in packed form. This
different strategy after aggressive research really worked in their favor.
MARKET LEADER
The market leader is dominant in its industry and has substantial market share.
If you want to lead the market, you must be the industry leader in establishing
an innovation-friendly organization, developing new business models and new
products or services. You must be on the cutting edge of new technologies and
innovative business processes, customer value proposition must offer a superior
solution to a customers' problem, and your product must be well differentiated.
Real Fruit Juice has clearly positioned and projected itself to be a market
leader through its strategy to be best health drink which is an immediate
energizer and an immunity enhancer on the go and it is well reflected in its
market share of 55% in this category.