Buyer Behaviour
Buyer Behaviour
Buyer Behaviour
Submitted to
Swarup Saha
Lecturer,
Institute of Business Administration,
University of Dhaka
Submitted by
Syed Shadab Tajwar
Roll: ZR-49
Abdullah Azwad Rafeed
Roll: ZR-60
BBA Batch 27th
Institute of Business Administration,
University of Dhaka
2. Industry Overview
The restaurant industry in Bangladesh comprises establishments of different variations. It
consists of brick-and-mortar restaurants, cafes, food carts, food courts and cloud kitchens. In
2021, the market size of the industry stood at BDT 4500 crore and was responsible for roughly
2.1% of the country’s total GDP. * *https://www.thestrategywatch.com/restaurant-industry-
bangladesh/#Restaurant_Industry_in_Bangladesh
The industry consists of mostly local restaurants and international chains. International
restaurants in Bangladesh are usually franchise-based establishments like Domino’s, Pizza Hut,
KFC, Burger King. While there are plenty in Bangladesh, there are very few restaurants that
focus on salads. While some upscale restaurants feature salad bowls in their menu, salad bars
or restaurants solely dedicated to selling salad and similar health food are close to zero in
Bangladesh.
3. Market Overview
Bangladesh has been enjoying a steady growth of GDP for the past decade. This, along with
other factors, resulted in a growing middle-class population with more disposable income.
Through the internet and other forms of globalization, consumers in Bangladesh are more
aware and conscious of their health. As a result, the number of gyms and fitness studios are
rapidly increasing in Bangladesh. As per Bangladesh Bodybuilding Association, there are 4000
gyms in the country, 40% of them being situated in Dhaka. Along with this, the demand for
healthy food is also increasing. This can be corroborated by the emergence of various
restaurants and ventures that solely focus on providing healthy meals to their consumers.
4. Competitor Analysis
While there exists no restaurant/outlet solely focusing on salads as their products, there are
multiple restaurants that feature healthy salads as one of their items.
LeanNation BD: Most prominent meal kit provider in the country. Provides takeout for health-
conscious customers. LeanNation provides 4 meals: breakfast, lunch, dinner, and snacks daily
to customers who subscribe. The calories for each meal are counted. Customers can subscribe
for 1 month for a fixed fee and get 120 meals. Does not focus solely on salad. Does not have
any brick-and-mortar store.
Olympus Dhaka: Has a physical restaurant. Offers 7-day, 14 day and 1 month subscription
plan for healthy meal. Delivers all around Dhaka.
Peyala: Has a brick-and-mortar store. Offers salad bowls as part of their menu. Salad is not the
primary focus.
Greens & Seeds: Physical outlet in all the food courts operated under “Chef’s Table”.
Customers can choose from different salad toppings to make their own bowl of salad. Also
offers low calories salad bowls. As it operates under a food court, the business on its own is not
marketed properly and has almost zero brand presence outside “Chef’s Table”.
5. Market STP
5.1. Segmentation: The consumers are segmented based on three overarching criteria-
geographic, demographic, and psychographic segmentation.
5.1.1. Geographic Segmentation: There are two broad segments which are peripheral
and urban areas. If we narrow down the urban areas, it can be divided into two
segments- more developed urban areas (Dhaka, Chittagong and developing urban
areas (Bogura, Rangpur).
Age: There are four segments based on age – consumers of age: less than 18
years, 18 to 26 years, 26 to 45 years, and more than 45 years.
Family Income: There are three segments based on family income – consumers
with a family income of – less than 40,000 BDT, 40,000 to 80,000 BDT, and more
than 80,000 BDT.
5.1.3. Psychographic Segmentation: There are two segments based on the choice of
lifestyle and food of the consumers- the population which is health and fitness
conscious with progressive values towards organic and healthy diet, and the
population which is still unaware of the implications of fast-food diet and is still not
that progressive towards a healthy and organic diet.
5.2. Targeting: Saladelicious caters primarily to health-conscious people and the meals are
slightly premium priced owing to the fresh and organic sourcing of ingredients. For this
reason, the target group is primarily the rising health and fitness conscious population,
having an age between 18-26 years, with a family income of more than 40,000 BDT and
living in developed areas inside Dhaka city. This target group is open to new
experiences, are opinion leaders in their community, is concerned about social self-
image, and has high conformity and need for cognition. The secondary target group is
like-minded population having an age between 27-45 years of age.
5.3. Positioning: Saladelicious will be positioned to the primary target group (health-
conscious population of 18-26 years of age) as the healthier tastier alternative to fast
food and other available healthy diet options. As for the secondary target group (health-
conscious population of 27-45 years of age), it will be positioned as a healthy and fresh
comfort meal for any time of the day.
6. Value Proposition
There are two dimensions to the core value proposition of Saladelicious, which are healthy
and tasty. Saladelicious will provide the value that has not been offered by any salad bars or
restaurants in the country. The existing competitors have either positioned as the healthier
alternative, or as the tasty salad joint – no competitor has been successful in combining the
two. Hence, the core value proposition of Saladelicious is healthy food made tasty.
7. Brand Portfolio
7.1.2. Brand Mission: To create the consumer mindset that healthy food can be and is
tasty and having tasty food should not come at a cost of health in any form.
7.1.3. Brand Tagline: The tagline of Saladelicious is “Healthy is Tasty” which affirms
the core value proposition of the company and makes a rather bold statement that
healthy food is indeed tasty.
7.3.2. Brand Color: There are three brand colors, primarily the two shades of green
that is resonant with the friendliness, freshness and authenticity of the brand. The
secondary yellow color shows the simplicity of the brand, which portrays that it is
easy to personalize and identify that the brand is for everyone.
7.3.3. Typeface: The two fonts used are Poppins and Rocko FLF, both of which are
simple and round edged. This again reinforces the friendliness and simplicity of the
brand.
8. Marketing Mix
8.1. Product
8.1.1. Meals:
The salads will have three layers, a protein layer (Chicken, Beef, Prawn and Egg),
a salad layer (Greens, Beans, Mushroom and Seeds) and a dressing layer
(Thousand Island, Ranch, Thousand Island etc.). There will be a menu of curated
combination of the three layers from which customers can order. The customers
can also customize the layers according to their taste where each layer will have
specific options to choose from, and upon selections of options, the customers will
be shown how many people prior to them preferred this range of options. This will
be done to avoid foul tasting salad combinations. The salads will be served in
simple salad bowls.
8.2. Price
While Lean Nations offers their only Salad at a price of 269tk BDT, Peyala charges a
price of 320tk for their customizable salad bowl and Greens and Seeds charges
1.1tk/gm of food taken from their counter. We want to have two serving size, one
medium bowl and one large bowl. Medium Bowl will contain about 260gm of salad for a
price of 249tk and the Large Bowl will contain about 400gm of salad for a price of 349tk.
This goes well within the affordability of our TG but also priced at a point that will not be
considered cheap.
8.3. Place
8.3.1. Food delivery platforms:
Our inception plan is to start with cloud kitchen operations with delivery in Gulshan
and Dhanmondi area of Dhaka. This is because these areas pose the highest
cluster of known and highly priced gyms inferring the spendable income and fitness
savvy behaviour of people here.
Fig
ure: Food Court and Superstore order QR code
8.3.4. Corporate Buildings:
A common phenomenon in Bangladesh is high rise corporate building with many
national and multinational corporations stationed in those high-rise buildings. We
can open outlets in those buildings, provide QR code leaflets to the offices and
deliver salads to people working in those offices
8.4. Promotion
8.4.1. Digital:
Promotional activities and posts about our menu, items, customer reviews, location
and FAQs on different social media platforms such as Facebook and Instagram.
We will boost posts according to our targeted demographic and location to gain
better reach.
8.4.2. BTL:
We will conduct campaigns around our targeted area of Dhanmondi and Gulshan.
We will partner up with top gyms in those areas with a leaflet of our company, the
leaflets will contain details of the brand and a scannable QR code. Upon scanning
the QR code, the ones scanning can get their free salad sample delivered to them.
8.4.3. Influencer Marketing:
Currently, for a new brand to kick off with the target group we have, influencer
marketing is very important and also ensures source credibility. As influencers we
will onboard fitness influencers for example STNfitness, shehzin, the brown journal
etc. to promote the health and fitness side of salads. On top of that we will also
onboard food bloggers and influencers like RafsanTheChotoBhai to align with our
band mantra and to promote the taste of our salads.
Figure: Influencer marketing to increase source credibility
8.7. Process
8.7.1. Freshness
Portraying the freshness of the ingredients is an integral part of the branding and
marketing of Saladelicious. The freshness seal will be put in every salad bowl
served that guarantees the freshness of the ingredients used in the salad. This seal
will also add to the trustworthiness and authenticity of the brand.
9. Action Plan
9.1. Piloting
As mentioned in the Place segment we will start with delivery only options in and
around Gulshan-Dhanmondi based on the high number of gyms around those areas.
This will be used as a determinant to understand if the idea is something that is
sustainable. We will take constant feedback from customers regarding what they like
and don’t like about the salads to finally come to a set recipe and strategy. If a certain
goal for the piloting is met, we will move on to the next step.
9.4. Co-branding
Another component of scaling up would be co-branding. It is a common phenomenon in
Bangladesh that restaurants whose values align but sell different products join forces
for example: ‘Movenpick stand inside Kabab Factory’ and ‘Marble Slab Creamery inside
White Canary Cafe’. Therefore, we will also implement a similar strategy with restaurant
brands that promote healthy eating and organic but tasty food. For example, Juice n
Blues in Banani can be a potential business we can partner with since they sell all-
natural juice that are refreshing in taste. This would allow customers to enjoy a chilled
juice while grabbing a quick bite.
10. Conclusion
The current market scenario is suitable for a business like Saladelicious to enter. It targets the
rising progressive population who are health-conscious and are willing to achieve fitness
through healthier alternatives of food. The value propositions serve the high need for cognition
of the target group and provides an experience while they are customizing their own meal.
Through these principles of sensory marketing and proper branding, Saladelicious can become
the go-to-place for healthier alternative to fast food or meals.