Taj Mahal Tea Report Essay Example

Taj Mahal Tea Report Essay Also, to have a clear understanding of the market with respect to a particular brand and target audience. Tag Mall Tea The Champagne of Indian Tea Market For while India has romanced tea ever since the first tea plantations were laid out on the misty banks of the Paramount in the 1 sass, that was the year when the story took on a new shade. For in Thayer, in a tea tasters chamber in Kola, Brooke Bond Tag Mall Tea was born. Indians first premium brand, it emerged onto the market with a promise never made before fostering excellence to savoir the best. As palates filled with the exquisite flavor of the best tea leaves from the choicest gardens of Upper Assam, it dawned on India that the culture of tea-drinking had reached another plane. In the years that followed, Brooke Bond Tag Mall entered Indian hearts as one of the countrys most loved indigenous brands. The most remembered phase in the brands history came in the 1 sass with the signing on as brand ambassador of a young man with tousled hair, seraphic smile and exceptional skill honed by hours of practice. Kari Hussein, the rising star of Indian Classical Music, he personified the brands values. And just as he forswore all appreciation by saying Rare huzzah, way tag Billie! , Tag Mall o could rest on its laurels of having delivered to India a hazard mien eek experience. As the Old saying goes, times change and we are changed with them. As Brooke Bond Tag Mall entered the tumultuous decades of the 1 sass and asses, we kept with the times. Lives got more hectic and customers began to demand that things be delivered to them ever faster even their daily cup of tea. We will write a custom essay sample on Taj Mahal Tea Report specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Taj Mahal Tea Report specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Taj Mahal Tea Report specifically for you FOR ONLY $16.38 $13.9/page Hire Writer It was a challenge we took on with delight delivering tea that could be brewed faster, and yet tasted exactly how customers have always expected their cup of Tag Mall to taste. Applying our long-standing principles, we rated a new blend that would go on to become another of Indians iconic brands Brooke Bond Tag Mall Tea Bags. Launched in 1987, they were a first in India. Since then, weve never looked back. The time to rest on laurels was over. For over 4 decades, Tag Mall has been the gold standard of tea in India. It has been a pioneer of innovations in the Indian tea market the first premium tea, first to introduce tea bags, first and only tea brand in vacuum packs or the first to usher in new formats and concepts, like instant tea (in the form of Dessert Tea) Tag Mall is special because it is made from the rarest ND the best tea leaves. Brooke Bond experts go through a lot of rigor to ensure that only the best, freshest and juiciest tea leaves from a thousand go into every Tag Mall pack. Call us choosy but we want every cup of Tag Mall to give you the perfect censorial experience thats one in a thousand. BRAND AMBASSADORS: Tag is not just about tea. It is an experience; a product Of exquisite craftsmanship. So it is only fitting that the brand is personified by iconic brand ambassadors who symbolize perfection, expertise and unmatched finesse. Our first brand ambassador, Justas Kari Hussein, stood for excellence in the field of music. His accomplishments are truly spectacular. Our historic campaigns Way Tag and hazardous mien eek spoke about Squads rigor and passion for the quest of perfection, which he only found in a cup of Tag Mall. Then USAF All Khan came on board. His sophistication and refinement complimented the modern world of Tag Mall- The nab, instead of following his father onto the cricket field, chose a different path to success and became the nations heartthrob. His different approach to life perfectly matched Tats philosophy of lag Andean Of not just drinking tea, UT Smelling, Seeing and Savoring each sip. The latest to join Tats elite league is none other than Madrid Dixie-Nine. While she is looked upon as Madrid the mega star, she is equally praised for perfectly playing the role of a loving mother. This unique ability of attaining a perfect balance is the inspiration behind Tats latest campaign Glissandi, the perfect balance of strength and flavor. TAG MALL TEA VISION: Our vision is to convert tea lovers into tea connoisseurs. To this end, Tag Mall conducts tea appreciation workshops known as Tag Tea Trails. Each session takes you on a fascinating tea journey brewing to appreciating the finer aspects of tea. Key facts Tag Mall was launched in 1 966 by Brooke Bond. Status Kari Hussein, the table maestro was the brands ambassador for over a decade, exemplifying both discernment as well as the pursuit of excellence. This association is the longest association between a brand ambassador and a brand in the world. Tag Mall is the most premium brand of tea in the Indian market. It was the first brand to launch tea bags and is the only tea brand in India to be sold in Vacuum sealed packs. USAF All Khan has men the brand ambassador since 2006 Product Range Tea market in India Tea is globally one Of the most popular and cheapest beverages with major production centre in India, China, Kenya, Sir Lankan, Turkey Vietnam. The tea industry is one of the oldest organized industries in India with a large network of tea producers, retailers, distributors, auctioneers, exporters and packers. Total tea production in the world has exceeded 4 billion kegs with India producing about 1 billion keg of tea. During 2008 to 2013, black tea production in India increased at a compounded annual growth rate (CARR) of . 6% while consumption rose at a CARR of 2. 3%. Indians total annual tea production in 2013 is estimated at 1 200 million kegs out of which 65%, approximately 850 to 900 million kegs, is produced by the big tea gardens while about 250 million kegs tea is produced by small tea growers with land area ranging from 2 to 20 hectares. Tea export has remained flat over the years due to increasing competition in the global market and declining quality of tea produced in India. Thus the prices in the industry are expected to be stable with domestic consumption expected to be rising steadily. One of the oldest beverages, Tea makes one of the most competitive and challenging market both in terms of product and competition. The branded tea segment is one of the most highly penetrated branded products in India. Before analyzing the market segmentation, it is interesting to understand the product segmentation for the tea market. In terms Of product classification, the tea is usually divided into black and green tea primarily and internationally there is some variants of fruit/herbal tea, Instant tea, etc. Which has negligible penetration in the Indian market. Further in black tea, here are variants of standard and specialist black tea both in loose and packed form. With increasing disposable income and awareness on product differentiation (aroma, origin, taste etc), the loose/ standard tea is making way for more premium variants and flavors. At the same time, the increasing consumer health quotient is boosting sales for the green tea and its variants mint, lime/ lemon, classic etc. Green tea has been marketed for many health benefits such as weight loss, effective against diabetes and cancer, healthier skin, stronger immune systems and assisting in hair growth. This has not only resulted in consumption of premium segments but also given an overall push to the unit consumption price point per keg. To look at the market play, the total branded or the packaged tea (in various forms) market in India is -?9500 scores growing at a CARR of 5 percent. The branded tea in India can be classified into the packed, tea bag, and flavored tea segments whereas the unbranded segment is usually the loose tea both in unpacked or tea bag form. As per industry estimates, unpackaged tea accounts for over 45% of value sales of total tea sold in India and has a eminence presence in the rural market. With the aggressive marketing and promotional schemes along with wide distribution system, the rural market is opening wings to the branded or the packed tea brands national or regional alike. In terms of packaged or branded tea distribution, almost the entire urban India is deeply penetrated by various brands. As a typical FMC product, the karakas or independent smaller merchants account for the major channel accounting for as high as 65-70 percent of the sales followed by supermarkets and hypermarkets. The other slow emerging segment is the on-trade sales of EAI through food service formats such as tea lounges or tea cafes along with hundreds of chaw shops. Another channel of on-trade sales for packaged tea is the tea vending machines increasingly been installed in large office complexes and hospitals etc, but this channel shall witness crawling growth due to the smaller street chaw shops that appeals more to the Indian palate. Packet tea market is extremely penetrated with multiple brands with more than 300 brands in the country, dominated by HULL and Data tea which have a deep presence in both urban and rural market, across pack and variants and once together account for 30-40 percent of the total market in the packaged tea segment. The other regional / national players are Wigmaker, Dunces, Eveready, Goodrich, GAP, Garner,Spat, Thunders, Minion, Society, Marvel etc. Among the brands, Brooke Bond, Tag Mall, Red Rose, AY, Data Tea Premium, Data Tea Gold, Data Tea Again Dust, Wigmaker, Duncan, Data Tea Charka Gold etc are among the key brands sold in the branded, packaged segment though Milliner was the only prominent multinational player present in the Indian tea category and continued to be the market leader in the industry New introductions are being increasingly witnesses amongst various brands and notably by Twinning green tea variants, such as Green Tea and Mint, Green Tea and Lemon, Elastic, and Green Tea Jasmine. These trends are expected to run the market for next couple of years. Premium variants, green tea and its flavors and new flavors and fruit variants shall be launched to target consumers looking for indulgence products. Not only new products, but existing players entering into various price and variant segments and new player entry shall also be expected in packaged tea market. Consumers will also continue to shift from unpackaged to branded tea offerings. Growth is also expected via expansion Of modern retail and penetration of branded or packed tea in rural market among other factors. The RD segment shall also witness a boom and many more players shall be expected to create products with lesser differentiation. On-trade sales of packaged tea shall also be another area to watch out for as new players shall enter with various product and format offerings. Tag Malls Position in the Premium tea segment Parent Company Hindustan Milliner Category : Beverage Sector : Food Products Tagging : Way Tag, Sirs chaw nah ye hay Tag, Way Way Tag Positioning : As elegant and wonderful as Tag The brand is in the growth stage on the Product Life Cycle . This is major because the brand has maintained its product quality and has been continuously adding to the product range. On the CUBE Model, the brand is resonating. The salient features of the brand are its premiums and its exclusive selection Of teas. The brand performance is excellent on the basis of perfect balance of strength and flavor. The brand is iconic in terms of imagery. The brand is perceived as excellent and elite by the consumer. The judgment about the brand is that it is superior, has great quality and is rich in taste aroma. The feelings aroused in the consumers mind are that Tag Mall is cozy and relaxing. Moreover, it generates a feeling of nostalgia in the consumers mind due to the brands rich heritage and association in the past. Thus, the consumers are loyal and consider purchasing this product despite the high competition. Competition Tag Mall is the market leader in the premium tea market. The only major competitor is DATA Tea Gold. Other than that, increasing coffee penetration is a major threat to the tea industry.