Submitted by: Submitted by joshsharma
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Category: Business and Industry
Date Submitted: 11/19/2015 12:37 PM
One of the key players in the pharmaceutical field for several decades.
Herbal Offerings in Health Supplements, Personal Care Products & Pain Ointments in the retail & prescriptive segments
Unique Proposition: The scientific rigor associated with the testing of its herbal offerings
The company launched Ayurvedic Concepts to enter the consumer markets.
Initially, in the late 90s, Ayurvedic Concepts targeted the young urban professional population to create brand awareness. In the early 20th century, it was brought under the Himalaya umbrella brand for several categories of soaps, shampoos, face washes, health supplements, baby products, etc.
In 2010, 40% of Himalaya’s turnover was from consumer products.
It had several exclusive outlets throughout India, & had shop-in-shop counters in modern retail outlets.
Himalaya did not advertise as much as other FMCG manufacturers, & brand associations were nurtured by Word of Mouth.
To build market share in the highly competitive personal health care market, it begun to advertise its face wash & toothpaste brands
Its offerings were exported to several countries
The brand has a positive perception among consumers
FMCG was broadly split into: Household Care, Personal Care and Food & Beverages
FMCG market in India projected to be around US$15-18 billion in 2010, & expected to grow to US$33 billion by 2015
The average Indian consumer spent around 8% of his income on personal care products
Growth of the personal care segment can be attributed to:
Increasing levels of discretionary spending
Greater attention to personal hygiene
Increase in the no. of new media channels
Distribution
In 2010, the oral care market in India was around US$980 million
Growth trend of toothpastes over the past 3 yrs was relatively slower than that of other key FMCG categories (11%)
Growth of the toothpaste category was even lower, at around 9%