Tuesday, April 12, 2011

Nutricharge Man : Smart Nutrition

Brand : Nutricharge Man
Company : Tropical Wellness Pvt Ltd

Brand Analysis Count : # 479

Indian nutraceutical market is estimated to be around Rs 4500 crore . The nutraceutical market consists of products like functional foods, nutritional supplements etc. The market is on a growth mode and is expected to touch more than Rs 10,000 crore in a few years.
Tapping this high growth market is a new brand  - Nutricharge Man. This brand is marketed by Tropical Wellness Pvt Ltd and manufactured by Panjon Pharma Ltd.  

Nutricharge was launched in a phased manner and the brand was in certain market from 2010. In 2011, the brand has been launched nationally. Nutricharge Man is a nutritional supplement in the form of capsules. The product contains 35 essential nutrients  which will supplement the normal food. The logic is that the regular food may not be able to supply all nutritional requirements and hence one needs to take the help of such nutraceutical products.

The most interesting factor about this brand is that Nutricharge Man is endorsed by none other than Amithabh Bachchan. The brand is currently running a print campaign in most of markets featuring the brand ambassador. The communication of the brand is quite rational and informational in nature. The brand ambassador talks about the need for a healthy life enhanced by Nutricharge. The brand has adopted the positioning platform of Smart Nutrition. 
The brand is targeting the middle-aged man who is health conscious and has the potential ( fear) of contracting  lifestyle disease. 
When I saw the print ad of this brand, I went on to search about this brand and to my surprise, little was available on the internet. The brand has a well made website but there is no mention about the company that makes this brand . Since this is a health related product, consumers will look for details like the brand -owner because they have to trust the product before consuming it. Although Big B will give credibility to the brand, it is important that the consumers know about the manufacturers of a product like food supplement. 
The brand has definitely boosted its prospect rightaway with its association with Big B. But the downside is that it will be perceived to be a brand for older men rather than the middle aged man. The brand is targeting the people above 40 years of age.  The competitors of this product is the products from brands like Amway ( Nutrilite). 
In a way Nutricharge will be creating a new category of OTC nutritional supplement. The brand is relevant since there is a huge rise in lifestyle diseases and burn out in the middle age is now a common phenomenon.