Situation Analysis
Situation Analysis
Situation Analysis
1.1 | Introduction
Boost Juice Bar is one of the beverage shops with a concept in the market that produce a lot of nutritional benefits. This on the go beverage offers a healthy alternative of fast food to the youngsters. This juice bar offers offer variety choices of freshly squeezed juices, smoothies and crushes made from their very own and secret recipe TD4 (Tie Die For) low fat frozen yogurt which were all developed by a dedicated boost nutritionist and all are at least 98% fat free and free from any artificial colorings and flavors. Juices form Boost Bar produce by different kind of fruits with different kind of good nutrition. All of these juices contain goodness such as anti oxidant; anti oxidants protect the cells of the body from damage by free radicals. Anti oxidants help to kill these radicals and automatically can reduce the risk of heart disease and some cancers. Juices from Boost contain zero percent of additional sugar and all are freshly squeezed juices contain nothing but whole fruit, which contains lots of vitamins, which we all need to stay healthy! In conclusion, besides having the most top quality ingredients and nutrients, Juices form Boost Juice Bar is also an perfect drink to have along during leisure time, fitness or work as a refreshment in between and a healthy lifestyle.
1.3.2 Aims To change the perception about healthy drink is not delicious. To create more attractive and effective advertising strategies. To increase the popularity of the product towards all of the society.
Crushes Mango Tango Crush Mango, passion fruit, mango nectar, tropical juice, sorbet & ice Watermelon Lychee Crush Freshly juiced watermelon, lychee, sorbet & ice Watermelon Crush Freshly juiced watermelon, tropical juice, sorbet & ice Berry Crush Raspberries, strawberries, blueberries, apple juice, sorbet & ice
Tropical Crush Lemon Crush Mango, banana, tropical juice, Freshly juiced lemon and sorbet & ice orange, sorbet & ice
Juices Five a Day Juice The juice of 2 oranges, 2 apple, 3 carrots, 1 piece of celery, beetroot & a Vita Booster Immunity Juice freshly juiced watermelon & orange, strawberries and an Immunity Booster Energiser Juice freshly squeezed orange, strawberries, fresh banana and an Energiser Booster Very Vita C freshly juiced carrot, apple, orange, ginger and a Vita Booster Wild Berry Juice freshly juiced pineapple, apple, raspberries, strawberries, blueberries and an Energiser Booster
Situation Analysis | Boost Wheatgrass Wheatgrass Shooter A shot of vitamins, Minerals & antioxidants.
Booster Energiser Booster Guarana, ginseng & vitamin E Vita Booster Multi-vitamins & minerals Protein Booster Soy protein & whey protein Green Tea Full of antioxidants, Contains caffeine Immunity Booster Echinacea, vitamins C & A, Zinc & green tea
2.5 | Distribution
Boost Juice Bar is a retail concept. Franchises all over the world and so theres approximately 14 Stores in Malaysia. All the fruits are 100% imported from Australia to Malaysia.
10
Boost is one of Australias best brands. It is a famous juice bar brand that now started to juicing in Malaysia and also Singapore. At the moment, they got more than 10 stores in Malaysia and a lot more is coming. Boost has made a name for them by offering besides delicious drinks, they come out with a healthy one and want to replace unhealthy fast food and drink towards young consumer and make juice as one of alternative to soft drink. All the products have been gone through a few nutrition experiments by dedicated their own Boost Nutritionist. Besides offering real fruit juice, their juices and smoothies are made from their very own secret recipe and all of the products are at least 98% fat-free and none of them contain artificial flavors and coloring.
11
12
13
Mineral water, Enviro Cup, Water bottle and reusable Boost Mug
14
Banana Breads
Chocolates
15
Wonder Bars
Boosters Powder
16
17
Situation Analysis | Boost Birthday! The VIBE database has become a vital communication tool to Boosts most loyal customers, and the database continues to grow every day. Customer Relation This is part of their strategy to keep good relationship with customers where they create a Boost Guarantee. They will ask customer to email them about customers satisfaction and every single emails is followed up within one working day.
18
Demographics Age Gender Occupation Income range Allowance range Race ethnicity Geographical location : 21 25 years old : Male and Female : Student, White collar workers : RM2000 - RM5000 : RM500 - RM100 : All races and ethnicity : Urban
Psychographics Perception Learning Motivation & Needs Attitude & Personality Lifestyle : Looking for a convenient and worth to spend healthy drink. : Social Networking sites (Facebook, Twitter etc) : Looking for a healthier alternatives of beverage : Trendy, fashionable : Fitness and health conscious
19
Secondary Suppliers Distribute imported fruits to the stores Bankers Support Boosts financially by providing loans to the company Media Act as medium to promote and advertise the product range of Boost Government
20
Definition of the Industry Food and Beverage (F&B) is an industrial term which is used to define the companies that is involved in producing, manufacturing and processing raw food materials into forms of food and beverage. This industry also can be divided into two parts which are production and distribution of edible goods. Distribution involve in distributing the finished product to distributors or directly to the consumers
Shape of the industry Malaysias Food and Beverages has a very diverse food industry just like the multicultures of Malaysia with a wide range of high quality products. The demand for healthier or harmless food and beverage products are rising because consumers are more aware in the nutrition value and food fortification for healthcare. People are now living in fast paced live so they want something that had an element of convenience but at the same time are high in quality. The shape of the Juice Bar industry in Malaysia is in the growing stage. Nowadays consumers tend to find product that is on the go and in the same time that are higher quality to satisfy them. Due to current health condition, consumers are now more concern about the
21
Situation Analysis | Boost sugar intake, calories, and is there any use of artificial ingredient in their drinks. So due to high demand from consumers, the market sell of the product are increasing too. Development of the industry Over the years, juices have garnered sufficient amount of attention as a healthy drink when compared to soft drinks. Mirroring the fact, per capita consumption of juices exhibited robust growth over the past few years while carbonated beverages gained by a modest percentage. Additionally, aerated soft drinks are also being replaced by sparkling juices, which are free from high fructose corn syrup and contain only natural sugars. The marketplace is presently witnessing the influx of juice brands which apart from being economical are fortified with vitamins and minerals are low in calories compared to soft drinks. Apart from natural and healthy ingredients, products are also being tagged as premium or organic, in order to generate higher sales volumes. With three decades of history, the fruit juice sector is still considered a young industry. Growth in the industry is mainly driven by imports and exports.
Changes in market place Positive More competition in the market leads to more effort in producing higher quality product and in the same time will boost up the growth of the industry in Malaysia. Negative With more competitors, the market need to spent more money in promotion and advertising which it will causing loss in revenue.
22
| Direct Competitors
Juice Work
Company Overview Juice Works is a chain of fresh juice outlets in Malaysia, with a growing number of outlets in various key shopping locations in the Klang Valley at present. Their dream is to create healthy alternatives to fast food and to educate the public about the importance of healthy food choices and with over 30 flavors to choose from the menu. Product Range The product has been divided into 6 groups of categories. Tropical Paradise; Lychee Cooler, Carribean Cocktail, Lychee Paradise, Red Dragon, Mango sensation, Apricot blusher, Jumping Jack. Berry Lovers; Berry Burst, Water Berry, Pink Passion, Kiwi Dream, Crazy Crans, Mango Melody, Cranberry Crush, Berry Liscious. Power Smoothies; Banana Blast Off, Digesta Aid, Rise N Shime, Cookies N Crea, Choc Banana Split, Body Builder, Jack N Jill, Mango Passion. Fruit Smashes; Pink Lemonade, Water Works, Citrus Medly, Apricot Crush, Kiwi Twist, Emerald Zinger, Wake Me Up. Detox Juices; Super Star, Spring Clean, Slimmers Paradise, Smooth Operator, Tummy Calmer, Liver Tonic, Immuno Kick, Hearty Liscious.
23
Company Overview A home grown Singapore brand, Each-a-cup products originate from Taiwan (trading initially under Healthy2000 & awarded the "Gold Medalist" by the Taiwan Consumer Association). Since 1999, in the face of fierce competition, we are one of the few established bubble tea brands that stands humbly & flourish with the support of our regulars. It all started out during Singapores first ever bubble tea culture boom, with Chairman Michael Chua and two other founders opening our first store at The Centrepoint along Orchard Road, the most popular shopping belt in Singapore. They have never looked back since & years of development have brought us to become a well known bubble tea brand in Singapore as well as Malaysia, with further international ambitions. We specialize in a large variety of Fresh Tea, Ice Blended, Smoothies, Yoghurt Drinks, Snow Shakes, Coffee and Creative Fresh Juices. Product Range Bubble tea Coffee Sensation Coffee Ice Blended Yogurt Drink Sunrise (Yogurt Ice Blended) Luxury Icy Treat Snow Shake
24
Cool Blog
Company Overview First launched in Singapore in 2005, Coolblog is an international business license specializing tea tasted dessert and beverages and they aims to marry the natural taste of tea leaf with natural fruit taste in take-away kiosk concept. We are the first to break new ground in Singapore and Malaysia food scene by introducing Tea tasted beverages with 25 different flavors. Product Range Coffee Blog; Cappuccino, Latte, Mocha, White Coffee. Local Desert Blog; ABC, Cendol, Bandung, Space, Cincau. Oreo Blog; Chocolate, Crush, Cappucino, Mocha, Latte. Tea Blog; Green Tea, Red Tea, Milk Tea, Hong Kong Milk Tea, Volcano Milk Tea. Yogurt Blog Milk shake Blog Smoothies Blog Ice Blended blog Chocolate Blog
25
Little Taiwan
Company Overview Little Taiwan is a locally-owned QSR (Quick Service Restaurant) that will be positioned as an international franchise through their creative approach to the company's image and detail presentation. Little Taiwan will provide a combination of excellent food at value pricing, with fun packaging and dining atmosphere. Little Taiwan is the answer to an increasing demand for snack-type fast food, to be consumed while window shopping and walking around inside a shopping mall. In today's highly competitive environment, it is becoming increasingly difficult to differentiate one restaurant from another. In Malaysias multi-racial society, in order for their food to be accepted and differentiated by all races we have re-formulated our Taiwanese cuisine into HALAL TAIWANESE CUISINE. Product Range Milk Tea Pearl Milk Tea Red Tea Ice Blended Fruit Milk Special Mixed Flower Tea Snowy Ice
26
Company Overview Starbucks purchases and roasts high-quality whole bean coffees and sells them along with fresh, rich-brewed, Italian style espresso beverages, a variety of pastries and confections, and coffee-related accessories and equipment - primarily through its company-operated retail stores. In addition to sales through our company-operated retail stores, Starbucks sells whole bean coffees through a specialty sales group and supermarkets. Additionally, Starbucks produces and sells bottled Frappuccino coffee drink and a line of premium ice creams through its joint venture partnerships and offers a line of innovative premium teas produced by its wholly owned subsidiary, Tazo Tea Company. The Company's objective is to establish Starbucks as the most recognized and respected brand in the world. Product Range Coffee and Espresso Classic; Espresso, Caffe Americano, Caffe Latte, Cappucino, Caffe Mocha, Caramel Macchiato, Brewed Coffee. Frappuccino Blended; Coffee, Mocha, Java Chip, Caramel, Espresso, Green Tea, Chocolate, Vanilla, Raspberry Blackcurrant. The world of Tazo Tea; Chamomile, Mint Blend, English Breakfast, Earl Grey, Green Tip.
27
Company Overview Herbert B. Hyman started The Coffee Bean & Tea Leaf in 1963 with a dedication to excellence and quality, and his efforts made him the founding father of gourmet coffee in California. The Coffee Bean & Tea Leaf has since grown into one of the largest privately- owned, family-run coffee and tea companies in the world. The endurance and popularity of The Bean, as it is affectionately referred to by devotees, can be attributed to the high standards that were established from the beginning. From trend-setting drinks like the World Famous Ice Blended, to the employees who become a part of the communities they work in, The Coffee Bean & Tea Leaf has discovered the formula for a successful coffee and tea company. Product Range Coffees & Teas; Black & Oolong Tea, Flavored Black & Oolong, Green Tea, Flavored Green, Herbal, Fruit Infusions.
28
Company Overview To keep up with the quality and image as one of the top beverage companies in Malaysia and in the world, Chatime Malaysia aim to continue the concept by being the most loved and respectable Tea Company. To achieve this, we have committed ourselves to serving our customers with only the highest quality tea and other offerings alongside impeccable customer service in our modern stores. To churn out our delicious signature beverages, we use sophisticated tea and coffee machines that will produce only the highest quality fresh drinks. As for variety, we can be considered second to none as our range of beverages is one of the most delightful ones in the market. We aim to constantly surprise and please our customers with the choicest selections of teas and coffees, fruit pumps and toppings. Already rooted in Taiwan, Chatime continues to expand its business ambition to the rest of the world by spreading freshness in every cup. Product Range All time Favorite Mellow Milk Tea Fresh Tea Coffee Chatime Special Mix Oriental Pop Tea QQ Jelly Healthy Juice Smoothies Series
29
7.1 | Strength
Contains no artificial coloring and flavoring Their smoothies made with their top secret TD4 (To Die For) low-fat frozen yogurt All products are sugar free Strong customer relation
7.2 | Weakness
The price range is quite high Choices of flavor is less than competitors Heavy focus on promotional activities
7.3 | Opportunity
Even though healthy beverage is new, they will be highly demand by the society due to the goodness of the juices. Less direct competitors in Malaysia People nowadays are more health conscious
7.4 | Threats
Lack of health awareness among the society and also lack of expose on the importance of good nutrition in the body A lot of indirect competitors that sells juices and smoothies
30
Demographics Age Gender Education Occupation Income range Allowance range Race and ethnicity Geographical location : 18 - 39 Years old : Male and Female : Primary, Secondary, Tertiary : Students, White collar workers, Self-Employed : RM1500 - RM3000 : RM300 RM1000 : All races and ethnicity : Urban & Sub Urban
Psychographics Perception Learning Motivation & needs Attitude & personality Lifestyle : Looking for a beverage that packed with healthy benefits in term of nutrients besides quenching their thirst. : Digital Media (Social Networking Sites), Broadcast media (TV, Radio), Others (Peer Influenced) : Looking for a healthier drink that will lead to a healthier body. : Curious and High positive energy in their self. : Health conscious and modern.
31
Psychographics Perception Learning Motivation & needs Attitude & personality Lifestyle : Looking for an easy to get healthy drink. : Digital Media (Social Networking Sites), Broadcast media (TV, Radio), Others (Peer Influenced) : Looking for a healthier alternatives of beverage : Trendy and optimistic : Health conscious
32
33
34
First question is about genders and it shows that 34 people out of 52 who answer my surveys are female and the rest is a male. For the second question is about their age group and it a show that 79% of the people who answer this survey are from 21 to 25 years old.
35
Third question is about their income range which is 48% of them got below RM 500, 29% under income range from RM500 1000 and 23% under RM 2000 and above. Fourth question is about their geographical place and the urban win 67%, 29% from sub urban and 4% from rural area.
36
The fifth question is about their race. As in the pie chart, most of them are Malay, 25% Chinese, 2% Indian and zero percent of others. Sixth question is to see how well known is Boost Juice Bar and it shows that half of the people who answer my survey never heard about this juice bar. Only 27% of them who ever heard about it.
37
The seventh question is for whoever says yes on the previous question. 71% of them know Boost Juice Bar by Social Network and none of them get to know Boost by Radio Commercials. The eighth question is about their nutrition awareness in juices by Boost. Most of them dont know about it at all.
Based on the pie charts above, most of the people doesnt aware about the health booster in the juices and half of the people say that the prices are not worth to spend on.
38
Based on both question above, I conclude that most of them rarely buy juice from Boost and if they ever bought it, it is 56% because of the healthiness inside the juice.
In this last question, I asked them on how to improve Boosts brand awareness in Malaysia and 94% of them says that in term of advertising and promotion and 63% says in term of TV commercials.
39
9.4 | Interview
My first interview was on my first visit to Boost One Utama store, where I interviewed the person behind the bar a few questions and their response was quite good. From this visit I got to know who are their target audience or also known as their regular customer, they explained to me about what Boost really are and their specialty. Sadly, they cant really help me on marketing part so they gave me this one marketing guy contact number. I called and unfortunately this marketing guy cant really corporate since they are too busy and all the marketing information about the company is private and confidential but he still asked me to email him the details because he might be considering it so I emailed him,
40
Daily Promotion
41
Seasonal Promotion
42
43
44
45
46
11.1 | References
Boost Juice Bar Malaysia Website http://www.boostjuicebars.com.my Boost Juice Bar Australia Website http://www.boostjuice.com.au/wpcontent/uploads/2011/08/Boost_Study_Kit.pdf
Boost Juice Bar Facebook page http://www.facebook.com/boostmalaysia International Marketing Juice Boost Bar by Dan Shrestha http://www.scribd.com/doc/96356059/Boost-Juice-Bars Boost Juice on everydayonsale - http://www.everydayonsales.com/biz-directory/boost-juice-bars Wikipedia - http://en.wikipedia.org/wiki/Boost_Juice Boost Juice Case Study - http://allfreepapers.com/print/Case-Study-Boost-Juice/3248.html
47
48
49
50
51
52