Showing posts with label neutricuticals. Show all posts
Showing posts with label neutricuticals. Show all posts

Tuesday, May 11, 2021

Nu-Shakti: Nutrition for All

Brand: Nu-Shakti
Company: Royal DSM

Brand Analysis Count: 610

Nu-Shakti is an interesting brand trying to create a category in India. The brand is from the house of Royal DSM which is a Dutch-based company dealing with nutritional products. The company was not in the consumer space and Nu-Shakti is the first brand in this space.
Nu-Shakti comes under the category of nutraceuticals which broadly constitute all products that offer additional nutrition to the consumers. Nutraceuticals are further classified into functional foods and functional beverages. The global market for nutraceuticals is estimated at $250 billion and the Indian market constitutes around 2% which itself is a huge market at $5 billion. The market itself is poised for huge growth because of the lifestyle diseases and convenience factor.

Indian nutraceuticals market is primarily focused on nutritional supplements and drinks. It is where Nu-Shakti becomes interesting. The brand has a range of products that comes under the category of food-fortifying products. Nu-Shakti has two such products - Nu-Shakti Powermix for rice and wheat. The idea is that by adding a prescribed quantity of the product, the rice or wheat becomes rich in nutrients that are otherwise not present or lost in cooking. Along with these two products, the company has also launched a powdered beverage under the sub-brand Mixme. 

The idea of fortified products is very relevant because consumers are now more sensitive to the nutritional value of the food and would be willing to invest in a solution that takes care of the nutritional needs which are non-chemical. The advantage of Nu-Shakti Promix is the convenience of the product in that one need to add a prescribed amount to get the desired nutrition ( as promised by the brand). 
The brand was test-launched in Tamilnadu with the actress Remyakrishnan as the celebrity endorser and now has launched across the Indian market. In my state Kerala, the brand is promoting its Mixme powdered beverage on television channels. 

The brand is priced at Rs 250 for 250 gram which is adequate for 25Kg of rice. 
For a consumer, the promise of the brand seems to be interesting. The challenge for the brand is to create the believability of the promise of nutritional fortification and to encourage trial. In the launch phase, the brand tried to do that through celebrity and also through social media influencers. At Rs 250, the consumers need to be thoroughly convinced to create a sustainable sales pipeline. According to reports, the brand has identified the right promotional mix strategy in Tamilnadu and would be trying to replicate the same in the entire market. The launch time is also ripe since consumers are looking for multiple solutions to stay healthy. 

Monday, January 11, 2021

Evion 400 : Nourish Your Cells

 Brand: Evion 400
Company: P&G Health Ltd

Brand Analysis Count: #605

Evion 400 is a vitamin tablet which is a market leader in its category. It is one of the most popular vitamin E tablets around. The products like vitamin and mineral tablets used to be marketed as drugs and in medical marketing terms- through ethical route. Around 2000, there were moves from the government and regulators to regulate the pricing of these drugs. To circumvent the price capping, many medical marketers began to sell products through OTC ( Over The Counter) route which means that these products can be bought without a doctor prescription. 
The challenge in such a move is that these brands will lose doctor's patronage in many cases. Doctor's tend to prescribe products which are classified as a drug rather than an OTC product. 
So brands in the OTC route needs to build all brand-related assets because, in OTC, it is the consumers that take the purchase decision. The strategy adopted by Evion is interesting in this regard. Rather than promoting the brand as a vitamin E supplement, Evion has positioned itself based on the benefits platform. One of the key benefits of vitamin E is the effect on the skin. Evion has smartly positioned itself as a provider of glowing skin rather than a vitamin supplement thus broadening the scope of the promotion. The advertisement of Evion looks like that of a skincare soap or a cream. In that way, the brand aims to increase the usage among the target consumers. 
The problem or challenge with most of the vitamin or health supplement is to ensure continued usage of the product. While consumers will start consuming such products because of some trigger or advice, often this enthusiasm wears down over a period of time. Evion believes that skincare proposition is something that may prompt consumers to use this product on a regular basis.