BIOVIT-MMarketing Plan 20101
Executive Summary2
Executive SummaryBiovit-M belongs to nutritional supplement market for healthy skin, nails & hairs. Biovit-M has a value 0.8M with 0.08% of market share of total market 987M which going by (2.62)% OLY.In this brand plan we see topic which includes PEST analysis, Market  analysis, SWOT analysis, Competitor analysis, Porter’s analysis , Research, Brand objectives, & Market Strategies.The PEST tells us overall scenario is in favor because economic  condition improving, as inflation rate is declining. SWOT help to identify area of product improvement. Market research identified the drop out Rx and market opportunity because only 8 % consumer using nutritional supplement because their doctor recommended it while 92 % market are opportunity. These analysis help to build Biovit-M of 2.5 M in 2010.The Market strategies to build & drive the brand is happen by identification of perceptualmapping which identified the actual area to play. This area back by  Positioning, by positioning we will be focusing on target audience & customers; mainly both gender of 18-40 yr anddermatologist & G.Ps only in 1st year. This focusing is narrow because of initial phase of launch and we want to build heritage of brand infront of prescriber & user. So that separate identity of brand will develop. Promotion mix design accordingly to help on building brand.3
situation Analysis4
PEST AnalysisPolitical
Deficient regulatory environment and the recently heightened security risk will continue to pose major barriers to sales in the country
Social
Today people are more health conscious
Introduction of a social insurance program has been discussed, no real progress has been made to date
Social network communities
Economic
Pakistan inflation rate is almost 14.2%*
Economy growth rate accelerate is 2.7% *
Technological
New advancement in beauty segment
New innovation in beauty products5
Market DefinitionNutritional supplement for the deficiency of Vitamins & Mineral6
SWOT AnalysisStrengthAluAlu packagingSugar freeOpportunitiesPeople are more conscious about their beauty.Vitamins supplement after registration should be treated as a OTC *Product Shortage of EpiviteSingle direct playerMarket growing with negative trendWeaknessLarge pack sizePack is not visible in shelfThreatsEpivite have high SOVTop of mind recall among dermatologistHigh price than Epivite7
SWOT Analysis of EpiviteStrengthCorporate imageHighly skill sales teamStrong penetration on derma segmentLow price that Biovit-MOpportunitiesPeople are more conscious about their beauty.Vitamins supplement after registration should be treated as a OTC *Unavailability of Biovit-M Only single direct playerMarket growing with negative trendWeaknessNo sugar freeBottle packFocus only for skinNegative market growth of EpiviteThreatsSugar free  Biovit-MEmphasis on beauty nutritional supplement8
Market SegmentationMarket SegmentationNutritional supplement required for skin, nail, & hairVitamins supplements
Vitamins & Minerals supplementsPatient SegmentCompeting Categories9
Porter’s Five Forces AnalysisIndustry CompetitorsLong-established industries GSK (Epivite, Theragrant-M, & Revitale-M)
 Abbott (Optilets)
Pfzier (Centrum)Threat: High10
Competitor AnalysisMAT ~ 01/2010Total Market Size: 987 M with (2.62) % of GOLY11
Research on Vitamins & Mineral Usage..40% of consumers surveyed in a major global study claim to use Vitamins &Dietary Supplement products but less that 60% of these are regular daily users.The survey, undertaken online across 52 countries by market research business12
Research on Vitamins & Mineral UsageThe role of healthcare professionals in driving usage of Vitamins & DietarySupplements is relatively low, certainly compared to levels identified in previousNielsen surveys exploring over-the-counter (OTC) medicines. The level of usageas a result of advice from a doctor or healthcare professional is also relativelylow, with only 18% of users claiming to be doing so because of this advice.However, the influence of the doctor is high in a number of countries, especiallyIndia, Pakistan, Egypt, Israel, Argentina, Mexico and four European countries(France, Belgium, Italy & Spain). 13
Vision & Objectives14
Brand VisionTo make Biovit-M as no.1 brand in beauty nutritional supplement market by 2015.To establish Biovit-M as product of choice for Skin, Hair, and Nail nutritional supplement.15
ObjectivesQualitativeTo Build brand imageTo build Biovit-M as first line beauty nutritional supplement in skin, hair, & nail by expand market and gain market shareQuantitativeTill Dec 2010, we make Biovit-M a product of 2.5 million. 16
Market Strategy17
Perceptual mapping Skin, Hair, & Nail multivitamins & mineralsEPIVITEBiovit-MCENTRUMNutritional supplementBeautyREVITALE MTHERAGRAN MOPTILETS MMultivitamins & minerals18
Brand Essence & Positioning Beauty matter’sBiovit-M gives complete nutrition, what your skin, nail, & hair need19
Brand PersonaSincerityWholesomeExcitementImaginativeSpirited20
Product Life cycleBiovit-MLaunched by 9 months ago21
Segment Prioritisation MatrixHighDermatologistG.PsBeauty Saloons*RMOsHOSegment AttractivenessNetworking communities*Gynecologist*Pediatrician*LowHighLowBrand Strength22
Target AudienceMale & FemaleWHO: Age: teen – 40 yearWHEN: Need nutritional supplement for beautiful skin, nail, & hair23

Biovit M

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    Executive SummaryBiovit-M belongsto nutritional supplement market for healthy skin, nails & hairs. Biovit-M has a value 0.8M with 0.08% of market share of total market 987M which going by (2.62)% OLY.In this brand plan we see topic which includes PEST analysis, Market analysis, SWOT analysis, Competitor analysis, Porter’s analysis , Research, Brand objectives, & Market Strategies.The PEST tells us overall scenario is in favor because economic condition improving, as inflation rate is declining. SWOT help to identify area of product improvement. Market research identified the drop out Rx and market opportunity because only 8 % consumer using nutritional supplement because their doctor recommended it while 92 % market are opportunity. These analysis help to build Biovit-M of 2.5 M in 2010.The Market strategies to build & drive the brand is happen by identification of perceptualmapping which identified the actual area to play. This area back by Positioning, by positioning we will be focusing on target audience & customers; mainly both gender of 18-40 yr anddermatologist & G.Ps only in 1st year. This focusing is narrow because of initial phase of launch and we want to build heritage of brand infront of prescriber & user. So that separate identity of brand will develop. Promotion mix design accordingly to help on building brand.3
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    Deficient regulatory environmentand the recently heightened security risk will continue to pose major barriers to sales in the country
  • 7.
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    Today people aremore health conscious
  • 9.
    Introduction of asocial insurance program has been discussed, no real progress has been made to date
  • 10.
  • 11.
  • 12.
    Pakistan inflation rateis almost 14.2%*
  • 13.
    Economy growth rateaccelerate is 2.7% *
  • 14.
  • 15.
    New advancement inbeauty segment
  • 16.
    New innovation inbeauty products5
  • 17.
    Market DefinitionNutritional supplementfor the deficiency of Vitamins & Mineral6
  • 18.
    SWOT AnalysisStrengthAluAlu packagingSugarfreeOpportunitiesPeople are more conscious about their beauty.Vitamins supplement after registration should be treated as a OTC *Product Shortage of EpiviteSingle direct playerMarket growing with negative trendWeaknessLarge pack sizePack is not visible in shelfThreatsEpivite have high SOVTop of mind recall among dermatologistHigh price than Epivite7
  • 19.
    SWOT Analysis ofEpiviteStrengthCorporate imageHighly skill sales teamStrong penetration on derma segmentLow price that Biovit-MOpportunitiesPeople are more conscious about their beauty.Vitamins supplement after registration should be treated as a OTC *Unavailability of Biovit-M Only single direct playerMarket growing with negative trendWeaknessNo sugar freeBottle packFocus only for skinNegative market growth of EpiviteThreatsSugar free Biovit-MEmphasis on beauty nutritional supplement8
  • 20.
    Market SegmentationMarket SegmentationNutritionalsupplement required for skin, nail, & hairVitamins supplements
  • 21.
    Vitamins & MineralssupplementsPatient SegmentCompeting Categories9
  • 22.
    Porter’s Five ForcesAnalysisIndustry CompetitorsLong-established industries GSK (Epivite, Theragrant-M, & Revitale-M)
  • 23.
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  • 25.
    Competitor AnalysisMAT ~01/2010Total Market Size: 987 M with (2.62) % of GOLY11
  • 26.
    Research on Vitamins& Mineral Usage..40% of consumers surveyed in a major global study claim to use Vitamins &Dietary Supplement products but less that 60% of these are regular daily users.The survey, undertaken online across 52 countries by market research business12
  • 27.
    Research on Vitamins& Mineral UsageThe role of healthcare professionals in driving usage of Vitamins & DietarySupplements is relatively low, certainly compared to levels identified in previousNielsen surveys exploring over-the-counter (OTC) medicines. The level of usageas a result of advice from a doctor or healthcare professional is also relativelylow, with only 18% of users claiming to be doing so because of this advice.However, the influence of the doctor is high in a number of countries, especiallyIndia, Pakistan, Egypt, Israel, Argentina, Mexico and four European countries(France, Belgium, Italy & Spain). 13
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    Brand VisionTo makeBiovit-M as no.1 brand in beauty nutritional supplement market by 2015.To establish Biovit-M as product of choice for Skin, Hair, and Nail nutritional supplement.15
  • 30.
    ObjectivesQualitativeTo Build brandimageTo build Biovit-M as first line beauty nutritional supplement in skin, hair, & nail by expand market and gain market shareQuantitativeTill Dec 2010, we make Biovit-M a product of 2.5 million. 16
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    Perceptual mapping Skin,Hair, & Nail multivitamins & mineralsEPIVITEBiovit-MCENTRUMNutritional supplementBeautyREVITALE MTHERAGRAN MOPTILETS MMultivitamins & minerals18
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    Brand Essence &Positioning Beauty matter’sBiovit-M gives complete nutrition, what your skin, nail, & hair need19
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    Segment Prioritisation MatrixHighDermatologistG.PsBeautySaloons*RMOsHOSegment AttractivenessNetworking communities*Gynecologist*Pediatrician*LowHighLowBrand Strength22
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    Target AudienceMale &FemaleWHO: Age: teen – 40 yearWHEN: Need nutritional supplement for beautiful skin, nail, & hair23

Editor's Notes

  • #2 Made by; Syed Zeeshan Ashraf, 9120Sr. Product Specialist-VaccinesGSK
  • #6 https://www.cia.gov/library/publications/the-world-factbook/geos/pk.html Inflation: 14.2% est. by 2009GDP real growth rate: 2.7% est. by 2009
  • #8 *Recommendation proposed by MOH on 11 April 2009
  • #11 VM S: Vitamins, Mineral supplementsNew Cheaper 5 VMS
  • #20 WHO--Need nutritional supplement for beautiful skin, nail, & hairWHY---It nourish your skin, nail, & hair by helping to restore your beautyBeauty Matter’s, a brand essence
  • #21 Brown color: Informal & relaxed, Masculine, Nature, CoolTaken from Brand Personality frame work of Consumer Behavior P:154Wholesome: promoting or conducive to good health or well-being
  • #22 Launch just 9 month ago
  • #25 Registered dermatologist in Pakistan : 2000; http://www.dailytimes.com.pk/default.asp?page=2007%5C11%5C04%5Cstory_4-11-2007_pg7_16Registered G.Ps in Pakistan: 116728
  • #28 In 1st year we more focused on push strategy while on coming year we focused on pull strategy as well.Sales promotion
  • #30 In Pakistan 2000 Dermatologist,5000 Pediatrician & 116728 G.Ps
  • #36 * These prices are assumption but near by actual.1. Akhbar-e-Jahan (2 spot at Sep) 2. Family Magazine (1 spot at Nov)3. Herald (1 at spot at Dec)