Developing a Marketing Plan for NutriDigest's Innovative Pet Food

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Added on  2023/03/24

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This report presents a marketing plan for NutriDigest, a new company launching flavored organic pet food for dogs and cats. The plan includes a company overview, vision, mission, and objectives, targeting pet owners seeking nutritious and flavorful options for their pets. A situational analysis using SWOT and PESTLE frameworks identifies internal strengths and weaknesses, external opportunities and threats, and political, economic, socio-cultural, technological, legal, and environmental factors impacting the business. The plan details media strategies, a marketing budget of £25,000, resource allocation, and implementation, monitoring, and control measures. A comparative analysis of NutriDigest's marketing mix with Cambrian Pet Food Ltd. highlights differences in product offerings, pricing strategies, distribution channels, and promotional activities.
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Marketing Plan on
New Product Launched
by NutriDigest
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Introduction:
Marketing Plan refers as a blueprint of
marketing strategy for a particular product or
service. It is business plan which involves
achieving marketing goals within a specified
time frame.
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Overview of the Company:
The NutriDigest is a new company that is
established in 2017.
Company launches its first product which
contains apple and strawberry flavors organic
food for dogs and cats.
The Company is offering large variety of food
products on the basis of their breed size, age,
diet etc. to dogs and cats.
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Company’s Vision and Mission:
Vision Statement : NutriDigest aims to be leading
ultra-premium flavored pet food company bound
to construct innovative products that satisfies the
sustenance need of different pets.
Mission Statement: To enhance and elongate the
special bond between people and their pets.
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Objectives:
NutriDigest aims at satisfying the pet owners by
providing food to their pet which contains the taste
or flavors of apple and strawberry.
They mainly focus on providing nutritional and
simple food at its best.
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Target Audience:
NutriDigest are required to analyze the changing
needs of customer. If customer wants change, so
do pets want. Therefore, they are aiming to make
such products which attracts the owner of pets,
thus influence them to buy.
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Situational Analysis:
Every Business Enterprise is effected by internal
and external situations. The internal environment
can be examined by SWOT analysis whereas
external can be measured by applying PESTLE
concept.
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SWOT Analysis:
Strength
Offers large variety of pet foods on the basis
of age, bread size, diet etc.
Strong market segment.
Innovative food enriched with British Source
Ingredient (Peter, 2011).
Great online rating
Weakness
Physical outlets are less in comparison with
their rivals.
Time consuming process in context with
solving customer issue online.
Might be chances of losing customer, when
economic conditions are bad.
Opportunities
Can provide various offers and schemes to its
loyal customer.
B&M are required to get more active in
context with using Social Media platform for
promoting product.
Involved in various Consumer Social
Responsibilities Activities.
Threat
Increased Competition level
Increase in the price of British Ingredients
which impacts on the company as well.
Traffic on social networking sites.
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PESTLE Analysis:
Political Condition: NutriDigest is strongly related and follows the codes and guidance of PFMA Act.
There are more than 50 legislation which related with pet industry.
Economical Condition: Strong economic condition has an influence on dog and cat populations as
they growing steadily. But here the major drawback is, when an inflation occurs, consumer usually
stop spending much on such products. Therefore, economic conditions plays a great role in the
purchase decision of buyer.
Social-Cultural Condition: According to the recent report of PFMA, it has been found out that 42%
of people keeps pet because of their love and affection towards them. Therefore the drift to improve
the pet condition has improved.
Technological Condition: There is a major shift in the market that takes place as Technological
Innovation. New technology has focused on making natural and organic food for pets.
Legal Condition: Barking and Meowing follows the regulations, directive which are passed by the
PFMA keeping in mind the safety of animals. They cannot go beyond the law. They are required to
make product under veterinary supervision.
Environmental Condition: Under this NutriDigest has to deal with various environmental issues
related with weather, climate which a great influence on its new innovative range sourced with British
Ingredients.
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Media
Cited firm can use various media tools and techniques in order to
promote product and services in an effective manner.
Social media such as Facebook, You Tube, Instagram are cost
effective approach for the new firm.
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Marketing Budget:
Eatery Pet are required to make effective budget keeping in mind
the other constraints related to business activities which enhances
their profitability
Particulars Amount(in pounds)
Marketing Activities:
Sales Promotion 6000
Advertising 5000
Direct Selling 9000
Public Relation 5000
Total 25000
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Allocation of Resources:
NutriDigest are required to allocate their resources in
effective and efficient way that leads to generate
profitability for the firm. It is employer’s duty to select the
required resources of new innovative product for the
marketing plan. The main resources which are required by
marketing plan are in the form of human, physical,
technological and financial resources.
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