crescent pure
TRANSCRIPT
Slide 1
sMMichael Booth, PDBs CEO Michael Booth, PDBs CEO Michael Booth, PDBs CEO Michael Booth, PDBs CEO
Sarah Ryan, Vice president
It is a low sugar drink
BBenefits
Energy BoostMental focusDecreases post workout fatigue
In recent years, relatively slow growth rate in sale of sports drinks
the market is expected to have a 52% growth within five years
$6.3 billion in 2012 to $9.58 billion by 2017
a dramatic growth of 33% from 2010 to 2012
Who Were its competitors?
Two of its major copetitors were: Gatorade owned by Pepsico with 77% market share Powerade owned by Coca-Cola with 20% market share
Other competitors such as red bull are also present.
SWOT analysis
Strengths:Certified organic, lower sugar quotient
Healthier sports and energy drink alternative
Herbal stimulants provide energy boost and mental focus functions
Environmentally-friendly packaging
Positive response in three States where already launched
Weakness:Higher price than most sports drinks on the shelf
Little public awareness as a new brand
Other possible competitors to arise in sports drink market in the near future
Opportunity:Growing sports drink market
Emerging and booming diet and low-sugar sports
drink industry
Larger group of health-conscious consumers
Considered as "anytime beverage", providing a wider consumer base
Threat:Fierce industry competition
Publics disapproval of new drink on the market
Potentially stricter government regulation
what is its?
University students aged 18 to 25 as our primary target consumers, who may have high engagement in sports but poor diet habits
Adults aged 26 to 35 are their secondary target group, who also happen to be the largest group of gym members
Crescent Pure will contribute to combat obesity among millennials with the aim of raising a stronger generation by providing a healthier sports drink alternative
The three objectives of crescent pure are:To establish awareness and familiarity of Crescent Pure within NYC
To position Crescent Pure as a healthier sports drink alternative
To encourage the current millennial generation to adopt a healthier regime and mindset
What were the companys key messages?
We are the first of our kind- Taste Natural EnergyWe are certified organic- less sugar, more natural ingredientsWe encourage the millennial generation to adopt a healthier lifestyle through increased awareness of diet and exercise
What were the strategies of the brand?
PROMOTIONS
Use third-party celebrity endorsers to help position Crescent Pure as a sports drink and appeal to the younger generation
Engage millennials through community outreach and university collaboration
Combine efforts with favorable global brands to raise awareness of Crescent Pure on a local and national level
Increase exposure and establish affiliation with international sporting brand through sponsorship to resonate with athletic consumers
Receive extensive and favorable press coverage via traditional and social media
What makes it different from its competitors?
Brand refit desiedsfgn for the Crescent Pure logo and bottle label
Eco-friendly fiber materials pacaging, allowing the bottles to be recycled
What was its tactical execcution?
Through top endorsers in their list
Partnerships
Media Outreach
It includes,Number of sales - before vs. after
Media coverage, placements and feedback: pitch letters, news releases, social media - before vs. after
Community outreach: students engagement in sports clubs and other activities/organized sport- before vs. after
Awareness of Crescent Pure as a brand and as a company that is locally engaged
Change of attitudes towards sports drinks
Customer satisfaction towards Crescent Pure via online surveys and Facebook polls
Target audience distribution
Social media followers and influence of endorsers - before vs. after
Along with this, future considerations are to be taken care of
Such asPartnership with Michelle Obamas Lets Move! initiative
Sponsorship of 2016 Olympics in Brazil
Nationwide university initiative, including the distribution of Crescent Pure in vending machines
Lululemon partnership targeting niche yoga community: free yoga classes organized in sponsorship by Crescent Pure, education on healthy diet and exercise, etc
Trial testing of products at local universities with schools best athletes (before vs. after testing)
Launch of additional flavors (with integrated public suggestions)
Disclaimer
Created by Manas Mondal, NIT Nagpur during a marketing internship by prof. Sameer Mathur, IIM Lucknow.(See www.IIMInternship.com)