Report Biscuit Market

AN ANALYTICAL REPORT ON BISCUIT MARKET

SUBMITTED TO: PROF. AMITA NAIR By: PURVI THACKER 08BS0002437 SOFT SKILLS SEC: J

PREFACE 1

In order to equip the students of management to face the corporate world with more applied knowledge, the M.B.A. Degree course of IBS-Chennai deems it imperative for the 1st semester students to undergo a market research and submit a report. Bestowed with the opportunity of conducting a market survey, the primary objective of this program is to study about the market.

ACKNOWLEDGEMENT It is a great pleasure for us to acknowledge the help of the individuals who guided us to make this project successful. It’s our pleasure to have worked under true guidance of Prof.R.Mani. We express our sincere thanks for his co2

operation,

unaccountable

suggestions,

and

excellent

tutelage and for the facilities provided by him throughout the course of this project in spite of his busy schedule. He inspired us to work on such a good and interesting project. We would like to thank all our friends who helped us directly or indirectly in the successful completion of this project work.

TABLE OF CONTENTS

ABSTRACT: This project is about the market share of different brands of

biscuits

based

on

consumer

taste,

choice

and

3

preferences. The sample size of our survey was limited due to time constraint.

Still we tried best to estimate the result which gives a fair overview

of the

Chennai

market.

The survey

was

conducted in a small region of Chennai, so we cannot assume this data as the general consumer choice of the whole India.

1. Purpose of the Study This report basically focuses on the consumer behavior and perception about the biscuit market. We tried to study the brand consciousness, purchasing capacity, taste and preferences of the consumers. The idea behind this topic is to explore the hidden potential of the biscuit market of the FMCG sector. As 4

we were keen to know why the industry is willing to spend so much on the advertisements and positioning and why it has emerged as one the most important and competitive product of the FMCG sector.

2. Insights of the Survey I. Frequency of Eating Biscuits Everyday Once a Week Sometimes

27 6 17

Frequencyof eatingbiscuits Everyday

Once in a week

Occasionally

34% 12% 54%

5

On the basis of frequency of eating biscuits, most of the consumer

consumes biscuit’s every day. Out of 50

peoples 27 said they eat biscuit everyday, 7 people said they take once in a week and 16 people take sometimes according to their mood. Thus, biscuit is major product of the FMCG sector.

II.

Quantity Purchased Mostly

Quantity 100 grams 200 grams 500 grams Family Pack

20 15 10

Consumers 18 13 7 12

6

People prefer small packets rather than big packets. In our survey 18 out of 50 said they buy 100 grams packs, 13 people says they prefer to buy 200 grams packs, only 7 people take 500 grams pack but the bigger family packets are preferred in big families with more children.

III.

Taste Preferences Taste Salty Sweet Cream All

Consumer 10 8 8 27

7

While considering the consumer preferences on taste, we conclude that 51% of the people do not have any specific choice. They like to eat all kinds of biscuits. The remaining 19% like salty biscuits, 15% like sweet and 15% like cream biscuits. Thus, most consumers do not have any specific taste preference.

IV.

Most Popular Brands Brands Britannia Parle ITC Priyagold Others

Consumers 36 18 14 2 1

8

MostPopular Brands Others Priyagold ITC

Most Popular Brands

Parle Britannia 0

20

40

From our survey, we concluded that Britannia is the most liked brand followed by Parle at no. 2, ITC at no.3, Priyagold at no. 4.

V.

Taste preference according to age group

AGE GROUP less than 20 20 to 30 30 to 40 greater than 40

ALL 5 14 4 3

SWEET 0 6 2 0

SALTY 0 8 1 1

CREAM 0 6 2 0

9

16 14 12 10 8 6 4 2 0

ALL SWEET SALTY CREAM less 20 to 3030 to 40 greater than 20 than 40

It was found out that is the age group of below 20 most of the people prefer all types of biscuit. In the age group of 20 to 30 sweet and salt biscuits are preferred. Thus, generally people are not taste dependent and consume all types.

VI.

Brand Conscious according to age

10

Age Group less than 20 20 to 30 30 to 40 greater than 40

Britannia 3 21 6 0

ITC 3 3 1 1

Parle 0 6 2 3

greater than 40 30 to 40

Britannia ITC

20 to 30

Parle less than 20 0

10

20

30

40

From the above chart we can say that the youth is more brands conscious and Britannia is most liked brand amongst all, followed by Parle and ITC. The age group of 30 plus are not much brand conscious and consume any brand available. 11

3. Methodology Moving on with our interest in this industry we decided to conduct a survey for which we designed a questionnaire as follows: QUESTIONNAIRE Name of Respondent Mr./Mrs./Miss_______________________________________ Occupation: _______________________________________ Age:

Address Locality: ___________________ E-Mail:___________________________________________

1. Do you eat biscuits?

Yes

No

2. How often do you eat?

Everyday 12

Once a week Occasionally

3. What type of biscuits do you prefer?

Salty Sweet Cream All

4. Which biscuits do you prefer?

i.

____________

ii.

____________

5. Do you know the brand manufacturer (company)?

Yes

No

6. If yes, who is the manufacturer?

ITC Priyagold

Britannia Others

Parle

Cremica

13

7. How do you know about the manufacturer?

Brand Conscious Friends

Advertisement Brand Loyal

Others

8. What is the quantity of biscuits you mostly purchase? 100gms

200gms

500gms

Family Pack 9. When do have biscuits? Breakfast

Evening

Anytime

10. What is your family income? < 1 lac 1-3 lacs 3-5 lacs > 5 lacs 11. How many children are there in family? 1 2 3 >3

14

After that, the sample size was decided as 50 and then we surveyed at various places mainly FMCG stores like fresh, food world, big bazaar and local vendors. We chose people of different age groups and of different income level and got our questionnaire filled. In the process of getting this questionnaire filled we encountered with many difficulties like people not willing to spend time sometimes, language barrier and sometimes people were not willing to disclose their income but still we managed.

4. Conclusion

15

We can conclude from the overall analysis that there

is

preferences customers

a

significant of

difference

biscuits

according

to

between

among

different

taste,

quantity

purchased, income, family size and age group. The statement highlights the main objective of this project that consciousness of the various brands has a significant difference among them which creates a significant impact over the perception

and

purchasing

pattern

of

the

consumers regarding biscuits. Thus, the presence of various brands will give the customers a lot of choices and take care of their satisfaction levels.

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