Tag: ice cream

  • Baskin-Robbins Marketing Strategy, Target Market & Pricing Strategy Explained

    Indulge your taste buds in a delightful journey of frozen delights as we dive into the captivating world of Baskin-Robbins, a true ice cream empire. With a rich history and an insatiable passion for innovation, this America-based quick service restaurant (QSR) chain has captured the hearts of ice cream enthusiasts worldwide.

    Since its inception, Baskin-Robbins has stood tall as the pioneer of the “31 flavors” concept, proudly boasting a diverse array of delectable creations that transcend the boundaries of imagination. Each day of the month is embodied by a distinct flavor, ensuring an exciting adventure for every palate that steps through its welcoming doors.

    Numbers speak volumes about this ice cream giant’s unparalleled success. In the year 2019 alone, Baskin-Robbins raked in a staggering 48.13 million U.S. dollars in revenue within the United States. And let’s not forget its international locations, which contributed a remarkable 112.38 million dollars to the brand’s global triumph. With consistent sales figures over the past four years, Baskin-Robbins has solidified its position as an unrivaled force in the frozen treat industry.

    But it’s not just the numbers that make Baskin-Robbins shine; it’s the brand’s commitment to innovation and the remarkable achievements that truly set it apart. In honor of the 1980 Winter Olympics held in the United States, Baskin-Robbins introduced the iconic Gold Medal Ribbon flavor, captivating taste buds with its winning combination of creamy vanilla, luscious caramel, and rich chocolate.

    Baskin-Robbins has etched its name in history, making waves in the Guinness Book of World Records. On May 18, 2000, the brand achieved the awe-inspiring feat of creating the “World’s largest ice cream scoop pyramid”, boasting a mind-boggling 3,100 scoops of ice cream. A towering testament to their unparalleled creativity and commitment to pushing the boundaries of what’s possible.

    Behind the scenes, Baskin-Robbins’ resounding success can be attributed to its ingenious marketing strategies. By constantly reinventing its offerings, introducing limited-time flavors, and collaborating with popular brands, Baskin-Robbins remains at the forefront of the ice cream market. Its ability to capture the essence of special occasions and translate them into delectable frozen creations has secured its place in the hearts and freezers of millions.

    Baskin-Robbins Target Market
    Baskin-Robbins Marketing Mix
    Baskin-Robbins Marketing Campaigns
    Baskin-Robbins Marketing Strategy

    Baskin-Robbins – Target Market

    Baskin-Robbins, the ice cream giant, captivates a diverse target audience with its irresistible frozen treats. Their primary focus is on millennials and Gen Z, who crave unique experiences. Over 45% of their clientele falls within these age groups. With a global presence of 7,900 stores in 54 countries, Baskin-Robbins caters to urban and suburban areas alike. They offer a tantalizing range of 31 flavors, ensuring there’s something for every taste bud. Their seasonal specialties and collaborations add an element of excitement for their loyal fans.

    Key Points Statistics
    Number of Baskin-Robbins flavors introduced since 1945 1,000+
    Number of Baskin-Robbins locations worldwide 8,500+
    Global presence in countries like United States, Canada, Mexico, United Kingdom, South Korea, India, Australia, Sri Lanka, UAE, Japan
    Standard flavors offered globally 31 flavors
    Planned introduction of new flavors in Sri Lanka 9

    Nestle Marketing Strategy Uncovered: Target Market, Advertising, Promotion & More
    Discover Nestle’s marketing strategy, including its target market, advertising and promotion strategy, and key marketing insights. Learn how Nestle reaches its global audience.


    Baskin-Robbins – Marketing Mix

    This legendary ice cream brand has mastered the art of captivating consumers with its tantalizing products, ingenious pricing scheme, and strategic placement. Brace yourself for an in-depth exploration of their winning formula!

    Baskin-Robbins Marketing Mix
    Baskin-Robbins Marketing Mix

    Baskin-Robbins Product

    Baskin-Robbins is renowned for its 31 flavors and a mesmerizing array of frozen delights that cater to every taste bud. From classic favorites like Chocolate Chip Cookie Dough and Mint Chocolate Chip to innovative creations like Cotton Candy and Oreo Cheesecake, they have ice cream for every craving. But their offerings don’t stop there! They also boast an impressive lineup of frozen beverages, cakes, and sundaes, adding an extra layer of indulgence to their collection.

    Baskin-Robbins “Celebrate 31”

    Baskin-Robbins Price

    Baskin-Robbins has devised a clever scheme that strikes the perfect balance between value and quality. Their pricing strategy revolves around offering various portion sizes, allowing customers to choose according to their budget and appetite. For instance, they offer single scoops, double scoops, and even pint-sized containers for those seeking a personal frozen indulgence. This flexible pricing scheme caters to a wide range of consumers, ensuring that everyone can experience the joy of Baskin-Robbins without breaking the bank.

    Baskin-Robbins - Single Scoop, Double Scoop, and Pint, visit website for baskin robbins scoop price
    Baskin-Robbins – Single Scoop, Double Scoop, and Pint 

    Baskin-Robbins Place

    Baskin-Robbins has a strong presence both domestically and internationally, with a staggering number of stores worldwide. In the United States alone, they have more than 2,500 locations, ensuring that no ice cream enthusiast is left wanting. They have also expanded their reach to 54 countries, tantalizing taste buds across the globe. Their strategic placement in high-traffic areas such as shopping malls, entertainment districts, and tourist hotspots ensures maximum visibility and accessibility for their target audience.

    Baskin-Robbins Promotion

    Baskin-Robbins employs a diverse and captivating promotion mix to entice ice cream lovers. They utilize traditional advertising channels such as TV, radio, and print media, creating a sense of urgency and desire. Embracing the digital realm, they engage with customers through vibrant social media posts and interactive campaigns. Strategic partnerships with popular brands and influencers help expand their reach and attract new customers. In-store marketing creates an immersive experience with enticing displays and signage. Their customer loyalty program rewards devoted fans. Through this comprehensive approach, Baskin-Robbins ensures its delectable treats remain at the forefront of customers’ minds.


    Magnum Ice Cream SWOT Analysis: Strengths, Weaknesses, USP & Marketing Strategy
    Discover the SWOT analysis of Magnum Ice Cream, covering its strengths, weaknesses, USP, and marketing strategy. Learn how Magnum positions itself as a luxury ice cream brand in the global market.


    Baskin-Robbins – Marketing Campaigns

    Prepare to be dazzled by the top marketing campaigns of Baskin-Robbins, where creativity and indulgence collide in a burst of frozen delight. Let’s dive into the most engaging and memorable campaigns that have left ice cream enthusiasts craving for more.

    One standout campaign is the Flavor of the Month promotion. Each month, Baskin-Robbins unveils a unique and limited-edition flavor, creating anticipation and excitement among their loyal fans. This campaign not only drives repeat visits but also sparks conversations and social media buzz as customers eagerly share their experiences and thoughts on the new flavor sensation.

    Baskin-Robbins - Flavor of the Month Campaign
    Baskin-Robbins – Flavor of the Month Campaign

    Another notable campaign is their collaboration with popular franchises and brands. Baskin-Robbins has partnered with renowned names such as Oreo, Dunkin’ Donuts, and Hershey’s to create exclusive flavors that combine their signature treats with Baskin-Robbins’ ice cream expertise. These partnerships tap into the fan bases of these brands, attracting new customers and creating a sense of novelty and innovation.

    Baskin-Robbins with OREO, Dunkin' Donuts, and Hershey's
    Baskin-Robbins with OREO, Dunkin’ Donuts, and Hershey’s

    Baskin-Robbins also knows how to celebrate special occasions with style. They launch seasonal campaigns during holidays like Halloween and Christmas, offering limited-time flavors and festive treats.

    Baskin-Robbins Halloween Campaign
    Baskin-Robbins Halloween Campaign

    These campaigns add an extra layer of excitement and create a sense of urgency to indulge in the seasonal delights.


    Amul Marketing Strategy: Branding, Advertising, Pricing & Promotion Strategies That Made It a Household Name
    Discover the complete marketing strategies of Amul, including its branding, advertising, pricing, promotion tactics, and marketing mix. Learn how Amul’s smart marketing approach made it one of India’s most trusted dairy brands.


    Baskin-Robbins Marketing Strategy

    Indulge your senses as we unravel the top marketing strategies that have propelled Baskin-Robbins to the pinnacle of the ice cream industry. With a tantalizing array of flavors and a commitment to innovation, this legendary brand has captivated the hearts and taste buds of millions. Prepare to be inspired by the ingenious marketing strategies that have set them apart from the competition.

    Flavor Innovation

    Baskin-Robbins continuously pushes the boundaries of flavor creation, introducing unique and exciting combinations to keep customers returning for more. With a great 1,000+ flavors in their collection, they constantly surprise and delight their customers. Take, for example, their Pralines ‘n’ Cream flavor, a masterful blend of creamy vanilla ice cream and crunchy praline pecans that has become a beloved classic.

    Baskin-Robbins Praline 'N Cream Flavor
    Baskin-Robbins Praline ‘N Cream Flavor

    Limited Edition Releases

    Baskin-Robbins harnesses the power of exclusivity by launching limited-edition flavors and promotions. These time-limited offerings create a sense of urgency and FOMO (Fear of Missing Out) among customers. Their collaboration with the iconic candy brand, M&M’s, resulted in the creation of a limited-edition “M&M’s Cookies and Cream” flavor, which generated tremendous buzz and drove traffic to their stores.

    Seasonal Celebrations

    Baskin-Robbins capitalizes on holidays and special occasions by introducing seasonal flavors and promotions. For instance, during Halloween, they offer spooky-themed treats like Trick Oreo Treat ice cream, complete with cookie crumbs and gummy worms. These limited-time offerings create excitement, engage customers, and drive sales during festive periods.

    Strategic Partnerships

    Baskin-Robbins has formed partnerships with popular brands to create co-branded flavors that appeal to a broader audience. By collaborating with brands like Oreo and Dunkin’ Donuts, they tap into the fan bases of these well-established names, expanding their reach and attracting new customers. The “Oreo Milk ‘n’ Cereal” flavor, blending Oreo cookies and cereal milk ice cream, is a delectable result of their successful partnership.

    Social Media Engagement

    Baskin-Robbins leverages social media platforms to connect with their customers on a personal level. They run interactive campaigns, contests, and giveaways that encourage user-generated content and foster a sense of community. Their #BaskinRobbinsChallenge, where customers share creative ice cream concoctions, has gone viral, generating millions of impressions and boosting brand awareness.

    Global Presence

    Baskin-Robbins has built a strong international footprint, operating in over 54 countries worldwide. The brand strategically places its stores in high-traffic locations like shopping malls, entertainment hubs, and tourist spots to maximize visibility. This ensures that ice cream lovers can easily access their favorite flavors wherever they are. Additionally, the brand adapts some offerings to local tastes and preferences, helping it connect with diverse markets. Continuous expansion into new regions strengthens Baskin-Robbins’ position as a leading global ice cream brand.

    In-Store Experience

    Baskin-Robbins creates a delightful in-store atmosphere to enhance the customer experience. Vibrant signage, colorful displays, and engaging visual merchandising entice customers and encourage impulse purchases. By immersing customers in a world of frozen indulgence, Baskin-Robbins ensures a memorable and enjoyable visit.

    Customer Rewards Program

    Baskin-Robbins rewards customer loyalty through its Club 31 program. Members enjoy exclusive perks, such as personalized offers, birthday rewards, and early access to new flavors. This loyalty program not only encourages repeat visits but also strengthens the emotional connection between the brand and its customers.

    Baskin-Robbins - Club 31 Program
    Baskin-Robbins – Club 31 Program

    Community Involvement

    Baskin-Robbins actively participates in community initiatives and local events, fostering goodwill and building strong relationships with its target audience. They sponsor local sports teams, organize charity fundraisers, and engage in cause-related marketing campaigns. By giving back to the community, they create a positive brand image and connect with customers on a deeper level.

    Baskin-Robbins - Joy in Childhood Foundation
    Baskin-Robbins – Joy in Childhood Foundation

    Digital Innovation

    Baskin-Robbins embraces technology to enhance the customer experience. They have a user-friendly mobile app that allows customers to locate nearby stores, view flavors, and even place orders for pickup. This digital convenience caters to the growing demand for seamless and personalized experiences.

    Baskin-Robbins - User-friendly Mobile App
    Baskin-Robbins – User-friendly Mobile App

    Conclusion

    In a world filled with fierce competition, Baskin-Robbins stands tall as a shining example of effective marketing strategies. Marketers and start-ups can learn valuable lessons from their success. Embrace creativity, surprise and delight your audience, leverage strategic collaborations, harness the power of social media, and connect with your community. By applying these principles, you can carve your own path to success. So, fellow marketers and entrepreneurs, take a scoop of inspiration from Baskin-Robbins and embark on your own flavorful marketing journey to captivate hearts and taste buds alike!

    FAQs

    What is Baskin Robbins target market?

    Baskin-Robbins, the ice cream giant, captivates a diverse target audience with its irresistible frozen treats. Their primary focus is on millennials and Gen Z, who crave unique experiences. Over 45% of their clientele falls within these age groups.

    How many flavors of ice cream does Baskin-Robbins offer?

    Baskin-Robins offers a tantalizing range of 31 flavors, ensuring there’s something for every taste bud.

    What are the marketing strategies employed by Baskin-Robbins?

    Below are the marketing strategies employed by Baskin-Robbins –

    • Flavor Innovation
    • Limited Edition Releases
    • Seasonal Celebrations
    • Strategic Partnerships
    • In-Store Experience
    • Customer Loyalty Program
    • Community Involvement
    • Digital Innovation
  • Magnum Ice Cream SWOT Analysis: Strengths, Weaknesses, USP & Marketing Strategy

    Brands like Magnum become instant favorites of people. The credit goes to the public relations team that works behind the scenes and creates mind-boggling marketing strategies and advertisements. These help the brand build its place in the market. And for Magnum, it’s Unilever that is responsible for the media spend spanning across TV, outdoor, digital, and PR mediums. Today, Magnum is a leading global brand, selling 1 billion units annually, making it the largest of Unilever’s ice cream brands.

    FMCG Giant Unilever has also expanded its distribution from its stronghold of Europe to the US and China. Its popularity in India is only increasing with each passing day. The company’s marketing strategy makes it a formidable competitor, lures people into trying Magnum Ice Cream, markets the ice cream as an adult indulgence brand with a touch of sex appeal, and communicates the royal theme of the brand.

    About Magnum
    Magnum Target Audience
    Magnum Brand Positioning
    Magnum Marketing Strategy
    Magnum SWOT Analysis
    Magnum Inbound Strategy
    Magnum Outbound Strategy
    Magnum Mobile Campaigns
    Magnum Social Media for Marketing Campaign

    About Magnum

    Magnum Ice Cream was developed in Belgium at the Ola laboratory in cooperation with the Belgian chocolate producer Callebaut. It was released in Germany in the year 1989 as an upmarket/luxury ice cream for the Nogger brand. Magnum is now owned by the British/Dutch company Unilever. The company also has a strong social media presence via Instagram, Facebook, and YouTube.

    Magnum Ice Cream has emphasized its dominance by coming up with highly imaginative flavor combinations, fancy packaging, and limited-edition promotions. With the help of Magnum, Unilever remains an innovator responsible for single-handedly pushing forward the variety of extravagant confectionery blends that can be successfully packaged as an ice-cream stick.

    The company began testing a dairy-free vegan version of ice cream in selected markets (including New Zealand and Sweden) in 2019. Magnum wasn’t popular in the United States, but with the changes in the premium ice cream sector in the country in recent years, partly because of Nestle’s Häagen-Dazs ice cream bars, it is gaining traction. Magnum was launched in the US in 2011.


    Nestle Marketing Strategy Uncovered: Target Market, Advertising, Promotion & More
    Discover Nestle’s marketing strategy, including its target market, advertising and promotion strategy, and key marketing insights. Learn how Nestle reaches its global audience.


    Magnum Target Audience

    Magnum’s target audience belongs to the 14-45-year age group. It has loyal customers who prefer premium ice cream. The target market of Magnum is the upper niche class. The company focuses on people who wouldn’t mind spending a bit more on ice cream to indulge in supreme quality eatables. These people are willing to spend on style, quality, brand value, status, etc.

    The global sales figure of Magnum was $2.54 billion in 2015,45-year which was an increase of 8% from the year before. Unilever strives to maintain its edge in most markets by positioning Magnum as an affordable luxury treat for adults. The segmentation of Magnum’s target audience is done on the basis of income, social status, economic class, and esteem level.

    Magnum Ice Cream’s marketing strategy focuses on the smaller but elite segment of society. Magnum takes into consideration the needs and the benefits of customers, which are useful for identifying market opportunities and developing value propositions.


    Amul Marketing Strategy: Branding, Advertising, Pricing & Promotion Strategies That Made It a Household Name
    Discover the complete marketing strategies of Amul, including its branding, advertising, pricing, promotion tactics, and marketing mix. Learn how Amul’s smart marketing approach made it one of India’s most trusted dairy brands.


    Magnum Brand Positioning

    Positioning is extremely important for the brand when it tries to build an image in the minds of its customers. It involves parameters that differentiate the product from the competitors in the same category. Positioning means how consumers rate Magnum in comparison to other ice cream brands such as Amul, Baskin-Robbins, and Mother Dairy. They also happen to be the main competitors of Magnum.

    Magnum’s positioning strategy can only be sustained if it continues to deliver the promised consumer value. The quality and price positioning state that higher prices for higher quality. Magnum’s positioning appeals to stylish people and the customers who associate a premium brand with priceless quality.

    Magnum Ice Cream Innovations Timeline (2017-2022)

    Magnum Timeline
    Magnum Timeline
    Year Innovation
    2017 Introduced cracking chocolate ice cream tubs with packaging that encourages squeezing the tub.
    2018 Launched vegan versions of Classic and Almond Magnums, promising 100% pleasure.
    2019 Debuted the Double range in the US, crafted for ‘multiple layers of decadence’.
    2020 Introduced Magnum Ruby, featuring ruby chocolate made from ruby cocoa beans, pink in color.
    2021 Launched Magnum Double Gold Caramel Billionaire in stick format and tub, under 250 calories.
    2022 Introduced Remixes of Magnum Classics, combining complementary flavors with classic favorites.

    Magnum Marketing Strategy

    Magnum Marketing Strategy
    Magnum Marketing Strategy

    Promotion of Ice-Cream Sticks in an Appealing Way

    Magnum ice-cream sticks are marketed as luxurious indulgences, highlighting their rich flavors and premium ingredients. The brand uses visually stunning advertisements and engaging social media content to create a sense of sophistication and pleasure.

    Promotion of the Dairy-Free Vegan Variety of the Ice Cream

    Magnum promotes its dairy-free vegan options through targeted campaigns that emphasize their delicious taste and creamy texture. Highlighting sustainable, high-quality ingredients, these campaigns appeal to both vegan consumers and those reducing dairy intake.

    Focusing on the Smaller, Elite Section of Society

    Magnum targets a smaller, elite section of society by positioning itself as a luxury brand. This focus on high-end lifestyles and premium experiences appeals to consumers who value quality and exclusivity.

    Clever Segmentation of the Market

    Magnum uses clever market segmentation to cater to diverse consumer needs, targeting groups like young professionals, health-conscious individuals, and luxury seekers. Tailored messaging ensures the brand resonates with a wide audience.

    The Interesting & Engaging Magnum Pleasure Test

    The Magnum Pleasure Test invites consumers to discover their perfect Magnum flavor through a fun, personalized test. This interactive campaign deepens consumer engagement and promotes product variety.

    Mobile Ad Campaign

    Magnum’s mobile ad campaigns utilize rich media ads, interactive content, and location-based targeting to reach consumers on the go. This approach ensures high engagement rates and boosts brand awareness.

    Experiential Marketing

    Magnum brings its luxury image to life through experiential marketing like the Magnum Pleasure Store pop-ups. These stylish spaces turn buying ice cream into a premium experience where customers can taste, explore, and share on social media. With carefully chosen lights, music, and scents, the brand creates a full sensory environment that makes ice cream feel like a luxury treat. This not only excites people in the moment but also builds lasting loyalty to the brand.

    Promotion of Magnum’s Limited Ice Cream Variants

    Magnum creates excitement with limited-edition ice cream variants, encouraging quick purchases before they disappear. These promotions feature innovative flavors and premium ingredients, strengthening the brand’s luxury image.

    Twitter Campaigns with Audience Participation

    Magnum’s Twitter campaigns encourage user participation through contests, branded hashtags, and sharing Magnum moments. This strategy increases brand visibility and builds a loyal online community.

    Celebrity Endorsements

    Jennifer Winget and Kareena Kapoor - Magnum Brand Ambassador
    Jennifer Winget and Kareena Kapoor – Magnum Brand Ambassador

    Collaborating with celebrities like Kareena Kapoor Khan enhances Magnum’s brand appeal and reach. She has been roped in to urge consumers to get #LostinPleasure through a selfie campaign. The month-long contest is asking people to send in their selfies with a Magnum Ice Cream stick in hand, and a creative reason why Magnum gets them lost in pleasure. Recently, Jennifer Winget endorsed Magnum in 2024. Celebrity endorsements add glamour and credibility, attracting fans and boosting brand recognition.

    Magnum SWOT Analysis

    The SWOT analysis of Magnum offers a clear view of the brand’s overall market position, helping to understand the internal and external factors that influence its growth, challenges, and long-term opportunities.

    Magnum Ice Cream SWOT Analysis
    Magnum SWOT Analysis

    Magnum Strengths

    • Use of the finest ingredients
    • Position as the first luxury ice cream brand
    • Adult-focused marketing
    • Exquisite packaging

    Magnum Weaknesses

    • Limited awareness in the US market
    • Concerns about nutrition labeling
    • High costs
    • Competition from Trojan Magnums

    Magnum Opportunities

    • Expanding flavor variety
    • Increasing vendor partnerships
    • Leveraging a year-round market

    Magnum Threats

    • FDA regulations
    • Rise of health-conscious consumers
    • Strong competitors

    Most Profitable Ice Cream Franchises in India | Top Picks
    Discover the most profitable ice cream franchise opportunities in India today. Explore brands like Naturals, Giani’s, Amul and Baskin-Robbins with high margins, investment costs, and ROI timelines.


    Magnum Inbound Strategy

    When Magnum was launched in India in February 2014, the Magnum Pleasure Patrol was an activation executed as part of the launch. Over 2000 people across Mumbai and Pune got to taste Magnum ice cream samples from 22nd February to 24th February 2014. A luxury vehicle visited gourmet cafes, malls, and high-traffic areas with an emcee and a camera crew, capturing people’s reactions after their first bite of Magnum’s ice cream.

    There was another campaign in which people offered their idea of pleasure, be it a day at the spa or unlimited shopping. They were put through the Magnum Pleasure test that required them to choose between Magnum and their idea of pleasure after having tasted some ice cream. Understandably, all resistance failed while Magnum scored on the test.

    Magnum Outbound Strategy

    Magnum’s marketing success is heavily reliant on its outbound strategy, which is evident through its ATL activities and out-of-home campaigns. Since the brand connects with well-traveled people, it is present in Europe, North America, Asia, and Australia. For outbound marketing, Magnum conducts hyper-local activities that can be measured in sales. One such instance is the product launch spike in areas with high footfall.

    Magnum Mobile Campaigns

    The Magnum marketing team came up with a rich media mobile ad campaign that would allow users to tweet from within the mobile ad directly. The mobile ad campaign was part of an all-encompassing marketing strategy that included both Above the Line (ATL) and Below the Line (BTL) executions.

    This ad campaign provided Magnum with a platform to quickly reach a large user base and create awareness. It also got people talking about Magnum through Tweets and pictures, and maximized their participation in the Twitter contest.

    Magnum Social Media for Marketing Campaign

    Magnum came up with a two-phase marketing campaign strategy that promoted the product to the masses in a controlled manner. The first phase offered exclusivity. To prioritize the distribution of the product, the brand asked people to Tweet for limited Magnum Infinity ice creams to be distributed in their city.

    The city with the most Tweets got to try the limited Magnum Infinity first. By doing this, each Tweet represented a chance for a person residing in some city to try the product before everyone else. To sustain excitement and drive sales, Magnum launched the second phase of the campaign, where the consumer’s Tweet earned him or her a chance to go on a trip to London. The person who collected the most points won. One could either Tweet or put up a unique code on Twitter to participate.

    By providing consumers with an interface to Tweet within the ad, the campaign got them talking about the brand and their experience with Magnum Infinity. It helped Magnum connect with the intended audience and generated a buzz among people about Magnum Infinity. The campaign also ensured continuous user engagement and increased the brand recall.

    #NotAvailableInTheMetaverse Magnum Campaign

    This campaign of Unilever for Magnum ice cream launches VR goggles to encourage consumers to indulge in real-life pleasure, highlighting that some sensations can’t be replicated virtually.

    FAQs

    Who is the brand ambassador of Magnum?

    Kareena Kapoor Khan is Magnum’s Brand Ambassador.

    What is Magnum’s Pricing Strategy?

    The quality and price positioning of Magnum state higher price for higher quality. Magnum’s positioning appeals to stylish people and the customers that associate a premium brand with priceless quality.

    What is Magnum’s target market?

    Magnum’s target audience belongs to the 14-45 years age group. It has loyal customers who prefer premium ice cream. The target market of Magnum is the upper niche class.

    Who owns Magnum?

    Magnum is now owned by the British/Dutch company Unilever.

    What is Magnum USP?

    Magnum unique selling point is a Luxury ice cream experience with rich taste, premium ingredients, and indulgent lifestyle appeal.

    What are Magnum ice cream strengths and weaknesses?

    Magnum’s strengths lie in its use of the finest ingredients, its position as the first luxury ice cream brand, its adult-focused marketing, and its elegant packaging. However, it also faces weaknesses such as limited awareness in the US market, concerns over nutrition labeling, high product costs, and brand confusion due to competition from Trojan Magnums.

  • Walko Food Scoops Up Meemee’s Ice Creams to Sweeten its Artisanal Dessert Game

    With the acquisition of Mumbai-based Meemee’s Ice Creams, Walko Food Company—owner of well-known ice cream brands like NIC Ice Creams, Grameen Kulfi, and Mimo Ice Creams—marked a calculated entry into India’s artisanal dessert market.

    The business did not, however, provide the deal’s financial details. According to a statement from Walko, the acquisition will enable it to provide a variety of goods to its clientele under Meemee’s house brand.

    Additionally, the agreement will enable it to diversify into rollies, tubsters, ice cream cakes, and toasties. With the aid of Walko’s extensive supply chain network, the acquisition will propel Meemee’s growth and visibility throughout India.

    Network and Financial Dynamics of Both the Firms

    The Walko Food Company was established in 2012 by Jitendra Bhandari and Sanjiv Shah and sells a variety of goods, including shakes, kulfis, frozen desserts, and ice creams. Cream Pot & Café Chokolade are also part of the direct-to-consumer (D2C) ice cream brand’s house of brands.

    The Pune-based startup sells its goods on foodtech platforms like Swiggy and Zomato through more than 200 company-owned delivery kitchens and maintains a pan-India supply chain. Additionally, it sells its goods using fast commerce platforms like Zepto and Blinkit.

    As per the financial year 2023-24 (FY24) standalone financial statement obtained from Tofler, Walko’s operating revenue increased to INR 2.40 Cr from INR 1.20 Cr during the previous fiscal period.

    Despite a loss of INR 8 lakh in FY23, Walko was able to generate a net profit of INR 4.04 cr during the year under review due to its expanding topline. Meha Agarwal established Meemee’s, a local ice cream company based in Mumbai, in 2021. Its website states that there are roughly 14 retail locations in Mumbai where the ice creams are sold.

    Moreover, over a year has passed since Walko Food Company received $20 million from Jungle Ventures. In 2023, Jungle, a current investor in the D2C firm, also contributed $11 million to Walko.

    Ongoing Developments in India’s Ice Cream Sector

    At the moment, the ice cream market in India is growing. Hocco and Go Zero, two other D2C companies in the same market, also raised money earlier this year to help with their expansion and growth.

    Hocco was able to acquire $10 million from the Chona family office and Sauce.vc, while Go Zero received INR 30 Cr (about $4 million) from its Series A round from current investors Saama Capital, V3 Ventures, and DSG Consumer Partners.

    According to a number of media sources, Hindustan Unilever declared in January that Kwality Walls, its ice cream vertical, would soon be listed on the BSE and NSE.

    Among others, Walko faces competition from Go Zero, Hocco, NOTO, Get-A-Way, and The Brooklyn Creamery for a piece of India’s expanding ice cream market, which is expected to reach $12.60 billion by 2033.