Market Research for Entry of Kellogs Nutribar

Defining the research problem mid(prenominal) Develop market entry strategy for Kellogg nutria by analyse consumer behavior towards unnatural Determine harvest-festival features, pricing, SKU (small and big packet) and postulating deputize problems Sub Problem to understand the relationship between the Kellogg brand and the consumer investigate Questions 1 . W get into does the customer, identify the Kellogg brand with? 2. What is the demographic profile of the Kellogg consumer? Sub Problems to understand consumer preferences roughly nutrias and canvasbacks Research Questions 1 .What is the extent of customer knowledge roughly nutrias? 2. What argon the major usage patterns of nutrias and canvasbacks? 3. Which attribute of canvasbacks do consumers dislike? 4. Who Influences the customers buying decisiveness? 5. What would be the recommended determine-point for the Kellogg nutria? 6. Is the unnatural considered an Indulgence? Research Design The crop under consideration Is Ke llogg Unnatural. We begin Identified the target segment to be young children between age groups 6-15. We have positioned it to be a voluptuous and wellnessy, nutrient filled snapback.After conducting a secondary search the following parameters argon identified The of import problems which be identified for the research argon 0 to understand the relationship between the Kellogg brand and the consumer 0 to understand consumer preferences about nutrias. We have designed a necessary questionnaire for conducting a cross sectional position and found that proportionate tell sampling will be apt to get the necessary consumer Insights. Sampling Design There be many methods of sampling when doing research.We have to choose the most Ideal sampling method giving us the maximum probability of getting the results hat are needed to develop the best entry strategy. per capita stratified sampling will be carried out giving due cant to the various age-groups representation in the Indian s tate. This will be conducted, ideally, at an urban/semi-urban geography. Simple random sampling, which is the most ideal, is seldom used since the luxuriousness of time or money to access a whole population is hardly ever available. Hence, Stratified Sampling is the sampling method that should be implemented.The survey will be an anonymous one, with no mention of gender or name. This will not affect results, hunger being universal. becharm weight will be given to all age-groups In the survey, In line with their representation In the Indian population. Insights from exploratory research trade research was carried out at xx, and a precedent size of 50 respondents was obtained. xx was chosen on account of it containing urban and semi-urban areas anonymous survey and respondent gender profiles werent considered.The profiles of these respondents were chosen so as to meet the requirements of Proportionate Stratified Sampling. A number of insights were obtained from this exploratory m arket research survey. They are The young age groups wanted taste benefits from any eatable product and the old and middleware age groups were more in favor of the health benefits of eatables 0 As long as the consumers believe they are getting value-for-money, price of the product is not a big issue 0 Consumer cognisance about nutrias is significant, but much distance remains to be covered.The sexual climax of the internet and social media have impacted youngster awareness, with it being importantly higher(prenominal) than the mean 0 Nutrias are largely perceived as snack bars that are firm by the majority of consumers info analysis The data was obtained from a sample size of 50 respondents, through with(p) via proportionate stratified sampling. Data was analyzed in an MS travel by Workbook, using basic Excel tools.Demographics of the respondents were analyzed and the results are Age-wise Age congregation 6-15 24% Age Group 16-29 24% Age Group 30-59 38% Age Group 60 &038 h igher up 14% Secondary Research Extensive secondary research was carried out using the internet and the main findings were that user economic status didnt really matter, with the bars relatively low perception. To parents, health benefits were more important. To their children, it was taste. We have selected the middle-class and above as our serve sample group, the product being perceived as an indulgence and the poor having no money to buy it. We extrapolated, from their U.S pricing that Kellogg could supply nutrias in India at the price points RSI 10 &038 20, which are psychologically important. Final recommendations &038 findings Findings 0 Residents of the age groups 6-15 and 16-29 gave higher importance to taste (in decreasing order) 0 Residents of the age groups 30-59 and 60 &038 above gave higher importance to health benefits 0 The Kellogg brand is identified with healthy breakfast cereal by he customer 0 The amount demographic profile of the Kellogg consumer is that if the age groups 6-15 and 16-29 0 These two age groups have the most knowledge about nutrias.They can accurately distinguish them from equivalent canvasbacks 0 Nutrias are largely considered an indulgence, hence they arent consumed frequently, with most consumers having them at most once-a-week 0 By contrast. Canvasbacks are consumed regularly by the 6-15 age-group. Here, smaller SKU sizes are prevalent, egg RSI 5 and RSI 10 0 The major attribute of canvasbacks dislike is their unhealthy nature.