Green Spot Co, manufacturer and distributor of Green Spot non-carbonated orange dirnk and Vitamilk soymilk, is focusing more on healthy products, to tap rising numbers of health-conscious consumers.
General manager Chanit Suwanparin said the company's net profit had declined over the past year, due to rising raw-material prices and transport costs.
Therefore, if will adjust its marketing strategy by launching new products targeted at health-conscious consumers.
The company has maintained sales growth in its health products with such new offerings as Vitamilk to Go in Black, a soymilk product for men.
Chanit said more than Bt20 million was earmarked to launch UHT soymilk product Vitamilk Plus 200, targeted at health-conscious consumers, especially young adults.
The company expects to boost its UHT market share to 5 per cent this year, from 3 per cent now.
"There is a growning trend of health-consciousness, spurred to some extent by the type-A (H1N1) influenza outbreak," Chanit said.
He said Green Spot had spent more than Bt100 million on new production machinery and that consumers were consuming more UHT soymilk because it suited a modern lifestyle and was economical.
The local soymilk market is valued at Bt10.5 billion. Bottled soymilk accounts for 40 per cent, with Vitamilk that sector's leader with a 50-per-cent share. UHT soymilk accounts for 20 per cent of the overall soymilk market.
Saturday, September 12, 2009
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