KitKat focused on its unique selling proposition - its wafer-based texture which was different from the solid chocolate bars that were popular in India.
The brand was positioned as a premium yet affordable chocolate available in small and low cost packs to cater to the price-sensitive Indian consumer. This strategy allowed KitKat to quickly penetrate the market and build a loyal customer base.
Segmentation:
Demographic Segmentation:
KitKat targets kids, teenagers, young adults, and even older consumers.
Its offerings cater to various age groups and income levels with smaller affordable packs for budget conscious buyers and larger, premium options for those seeking indulgence.
Psychographic segmentation:
Consumers who value convenience, fun and relaxation.
It resonates with individuals who seek a quick, enjoyable escape from their busy lives positioning the product as a treat for small moments of pleasure.
KitKat positions itself in the Indian market as a fun, light-hearted snack thats perfect for any moment when one needs a break.
Competitors:
Cadbury dairy milk, 5 star, nestle munch,perk
KitKat differentiates itself through a few key strategies:
Iconic Branding:
KitKat’s global slogan "Have a break, have a KitKat, reinforces the brand’s identity as a go-to snack for quick breaks and relaxation.
Product Innovation:
KitKat frequently experiments with new flavors and limited edition products.
Pricing Strategy:
From affordable single bars to premium packs KitKat ensures that there’s something for everyone, whether they’re looking for a quick treat or a gift.
Localize your global products to match the preferences and price sensitivities of the target market.
Reinforce Brand Message:
Consistently use a memorable tagline across all campaigns to build strong brand recall.
Engage Through Creativity:
Develop innovative and localized marketing campaigns that resonate with your audience and stand out.
Diversify Offerings:
Offer a range of product options at different price points to cater to various consumer segments.
Leverage Digital Platforms:
Use social media and influencer partnerships to maintain relevance, especially among younger consumers.
#KitKat #brand #strategy #productmarketing
Head: Brand Marketing & User Growth at Jupiter
1moYes, I have followed their good work quite closely from start btw.