In October 2022, Licious, the market leader in India’s meat industry, launched its new brand UnCrave in the plant-based meat market segment. The launch was aligned with the company’s portfolio diversification strategy, leveraging its strong core brand equity. Unlike typical plant-meat brands that sold to vegan and vegetarian customers, Licious wanted to offer UnCrave to its core meat-consuming customers as an occasional alternative to meat options. However, several new competitors soon entered the market, while some people questioned the health benefits of plant-based meat. Was it a mistake for Licious to enter the plant-based industry at a time when a sizable portion of the organized meat business was still unexplored. Was the consumer segment Licious had targeted the right choice? Was it a good decision to increase the company’s product mix by including plant-based meat?
Licious: Comercialización De Carne Vegana (Licious: Marketing Plant-Based Meat Spanish version)
Bikramjit Rishi, Sapna Popli, Lovesh Jethwani
Product #:W49098
Supplier:Ivey
Discipline:Marketing, Sustainability
Setting:India, 2022
Your Price:$9.71
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Learning Objectives
- analizar las tendencias actuales del mercado y las preferencias de los consumidores en la industria de la carne vegetal;
- investigar las actitudes de los consumidores hacia la carne vegetal y los factores que influyen en las decisiones de compra;
- examinar el posicionamiento de una empresa en el mercado en comparación con los productos cárnicos tradicionales y otras alternativas vegetales; e
- investigar cómo aborda una empresa la cuestión de que los alimentos vegetales están muy procesados y se producen en fábricas, después de promocionar el producto como una opción saludable.
This case can be used in a marketing course for undergraduate and postgraduate audiences. The case is a good fit for identifying the right market, segmentation, branding, and growth conversation. It can also be used to discuss factors influencing consumer behaviour, including cultural, social, and personal factors. It can also be used in the brand positioning discussion of a marketing management course. After completion of this case, students will be able to
- analyze current market trends and consumer preferences in the plant-based meat industry;
- investigate consumer attitudes toward plant-based meat and the factors that influence purchasing decisions;
- examine a company’s positioning in the market compared to traditional meat products and other plant-based alternatives; and
- investigate how a company addresses the issue of plant-based food being highly processed and produced in factories, after promoting the product as a healthy option.