brand strategies adopted by mens grooming india!
TRANSCRIPT
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BRAND STRATEGIES
MEN’S GROOMING INDIA Asad Hoosain
MBA-13-007
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FMCG SECTOR
PERSONAL
CAREFOOD &
BEVERAGES
HOUSEHOLD
CARE
• Soaps
• Personal Wash
• Skin care
• Hygiene
• Oral Care
• Chocolates
• Bakery Products
• Tea/Coffee
• Soft Drinks
• Fabric Wash
• Detergents
• Dish Wash
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• Value- Rs.1400 billion,
• 2.5% of GDP
• Growth rate- 17%
Major companies
• Hindustan Unilever
• P&G
• Nestle
• Colgate
• Godrej
• Johnson & Johnson
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MEN’S
GROOMING
INDUSTRY
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• Men’s personal care and grooming market is just 5-6% of the
overall $10 billion (Rs.61,000 crore) personal care market
• It’s now a Rs. 2,500-crore market in India.
• Clocked 21% annual growth and is expected to touch Rs
6,870-crore in the next three years.
• Largest Market –Western India (28%)
• Previously a niche market. Target Shift .
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NEILSEN SAYS
• Rapid growth of more than 34%
• Skin creams segment in male grooming grew at 41%
• Fastest Growing Regions- East & North-East
• Men in India today—and especially those who fall in the age
group of 18 to 25—spend more money on grooming and
personal care products than women in India.
• Deodorants & perfumes 41% growth over the last 2 years
63% over the last 5 years.
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TOILETRIES
SKINCARE
FRAGRANCES
HAIR CARE
OVERALL PENETRATION 32%
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Le Players
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GROWTH DRIVERS
• Increase in disposable income.
• Men also realize ‘NEED’.
• Rise in Organized retail.
• Western culture?!
• Demand for natural products.
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MARKET TRENDS
• More focus on male personal care.
• Increased focus on natural/organic products.
• Entry of International players.
• Penetration in Tier-I & II cities.
• Constant Innovation.
• Branding game!
• Rising Mergers & Acquisitions.
• Blossoming of the ‘Metrosexual man’(MOST PROMISING
CONSUMER MARKET OF THE DECADE)
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OVER THE YEARS
• Indian men are finally coming out of the closet.
• Growth rate is 34%- women is 20% (Coming in as a shocker?)
Need is generally seen in
Self-Esteem, where Indian
men perceive beauty not just
in terms of face,but also in
terms of a fit body,confident
attitude & impressive
personality
NOTHING IS
DEEPER THAN
SKIN…
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CONSUMER TRENDS
• Common man has evolved!
ROTI, KAPDA AUR
MAKAAN will no
longer suffice.
YE MAANGE
MORE!
OH WHY?
Robust Economic Growth Rise in Employment
Growing Disposable Income
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WHAT THEY DID THEN?
• BEST FRIEND IGNORANCE
• Grooming = Ladies stuff
• Backward Mindset
• ‘Mens don’t cry’ attitude!
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WHAT ARE THEY DOING NOW?
• Shopping for themselves!
• Evolved into travellers!
• Mixing-Matching!
• ‘50 is the new 30’ attitude.
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FROM
• Cynical Uncle
• Couch Potato
• Desi guy
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TO
• Confident Employee.
• Suave Socialite.
• Handsome hunk.
AESTHICISM FOCUS!
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WHAT IS THE BRAND PERSONALITY ?
OVERALL TOP
PLAYERS
PHYSIQUE• SKIN/HAIR/TOILETRIES
• QUAITY PRDT FROM
RESEARCH
PERSONALITY• INNOVATIVE
• SIMPLE
REFLECTION• SKIN CARING
• ALWAYS ON THE MOVE
• TESTING NEW THINGS
SELF-IMAGE• FEELING GOOD
ABOUT SELF
• CONFIDENT
CULTURE• NEW AGE
• CONVENIENCE
• EXPERTISE IN
R&D
RELATIONSHIP• TRUST
• LISTENING
• CUSTOMIZED
ADVICE
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OVERALL STRATEGIES IN A BOX
• Realization through advertisements
• Innovation and Differentiation.
• Multi-linked
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• Social Marketing
• Socio-Economic status
• Packaging
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• Celebrities!
• Local Distribution
• Unisex quotient
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• Getting more specific .
• Existence elsewhere than the Metros.
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LAST WORDS
• Cultural Barriers
• Price Wars?
• Not completely changed.
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