Nespresso: About and its Market Analysis
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Transcript of Nespresso: About and its Market Analysis
Nespresso is not just a coffee. It is a
sensorial experience.
Nespresso has grown into one of the most
well-recognised global coffee brands. It is
trusted by millions of consumers as a mark
of passion, authenticity and service.
The Nespresso brand stands
for exceptional quality, refined service and
genuine pleasure. It has become a symbol
of elegance.
Facts:
• Founded in 1986
• Autonomous globally managed business of the
Nestlé Group
• Present in 64 countries
• More than 12,000 employees worldwide,
compared to 331 in 2000
• Over 50% of employees in the markets in
direct contact with consumers
Who are main customers?
The urban men and women seeking to treat themselves, who would not compromise upon luxury and quality. Nespresso which is perceived for it’s elegance, high quality, and taste provides that exclusive and unique experience.
Brand Success Strategy:
For 30 years, success has been based on
singular focus on:
1. creating the highest quality Grand Cru
coffees
2.building long-lasting consumer
relationships
3.operating business in a sustainable way.
These three Key Growth Drivers underpin
long-term corporate
Boutiques by Nespressois one of the method used by the company to emphasise it association with luxury and high quality.
Benefits:
Emotional Benefit: feel special, treated
with every sip. Sensorial value.
Consumer Benefit: effortless, unique experience, uplifts moods, relaxes.
Product Benefit: Perfection, convenience, choices, superior taste.
Product:- Premium espresso brewed from capsules available in various flavours.
-Beautifully designed machines
- B2B and B2C solutions
-Unique experience in boutiques.
Place:-exclusive
-online and boutiques mainly
-good customer interaction online through club
Price:-High compared to competitors.
-Luxury brand status
Promotion:-word of mouth
-sponsor
-chefs and connoisseurs
Strengths:-Market Leader
-Strong brand equity: awareness, top of mind and image
-Store experience is excellent
-Loyalty through club
-Easy to use, effortless, varieties
Weaknesses:-Lack of easy availability
-too much dependence on celebrity espClooney
- Inconvenience in buying
- Huge chunk of market is untapped
Opportunities:- Business to business expansions
- Increasing awareness
- Increasing hold in luxury segment
Threats:-Jacob Douwe Egberts being number one
-market can be overtaken by them