The Marketing Mix of Nivea tells the 4Ps (Product, Price, Place, and Promotion) of the German personal care brand – Nivea!
Nivea is a German company that specializes in skin and body care products. It was founded in 1882 by Paul Carl Beiersdorf and later acquired by Oscar Troplowitz.
Together with German chemist Isaac Lifschutz, they developed a skin cream with a stable emulsion called Eucerit. The word “Nivea” comes from Latin, meaning snow-white.
Nivea expanded its market worldwide in the 1980s and has always been customer-focused, providing innovative products in the skin and beauty care segments to meet their needs and preferences.
Nivea is a well-known brand that produces beauty products. It faces strong competition from other brands like Lakme, Vaseline, Johnson & Johnson, Ponds, Edgewell, Amka Products, and I.I.
Let’s start with Nivea’s Marketing Mix to learn more about their product, price, promotion, and distribution approaches.
Product in the Marketing Mix of Nivea
Today’s customers prioritize trusting reliable brands with good service benefits that cater to their needs.
Nivea conducts extensive research to target key market segments that share similar characteristics such as age, attitude, and personality. This is done through research methods like focus groups, data collection from consumers, and product testing.
By conducting market surveys, Nivea was able to develop the Nivea Visage Young to meet the needs of young female consumers who wanted a beauty product to maintain their normal skin, rather than a medicated product.
Price in the Marketing Mix of Nivea
Nivea, a brand that is renowned in the market, has the potential to thrive in emerging markets. The company possesses an adept team that engages in market research to grasp consumer preferences and behaviors.
This endeavor facilitates them in creating a pricing policy that is in synchronization with the market demand. Nivea’s triumph in expanding its market share is attributed to its successful implementation of pricing strategies that are designed to target the middle-class segment, a critical consumer group.
To cater to a wider audience, the brand ensures that its prices remain reasonable. Nivea has devised a fixed pricing model for its products, which is adhered to by retailers.
These retailers, in turn, adopt pricing strategies that are compatible with their business objectives. To attract more customers and drive sales, most retailers opt for an economical pricing structure.
Additionally, they offer lucrative incentives such as discounts, gifts, free products, and bulk purchase discounts to retain existing customers and entice new ones.
Place in the Marketing Mix of Nivea
Nivea has a well-established distribution network which is essential to make its products available to customers. They use various channels to reach out to customers, including online sales, but their main sales channel is retail outlets.
They have numerous outlets located throughout the country where customers can directly purchase the products based on their needs. High street shops such as Boots and Superdrug account for about two-thirds of their sales.
This means that Nivea relies heavily on these retail outlets to promote and sell their products. While online sales are an important part of their distribution strategy, physical retail stores remain a crucial channel for Nivea to reach and connect with customers.
Promotions in the Marketing Mix of Nivea
Nivea’s effective advertising policies have helped it become a well-known global brand. Its blue and white packaging is easily recognizable and it has catchy taglines like “100 years of skin care for life” and “It helps protect your skin.”
The company mainly uses above-the-line techniques to market its products and has launched several ad campaigns through various mediums such as print, social media, digital media, television, and radio.
Nivea heavily advertises through e-portals, its official website, Facebook, YouTube, and Twitter accounts. It even launched an online magazine called “FYI – Fun, Young and Independent” to connect with its customers. Nivea also participates in promotional events and trade fairs using below-the-line techniques.
Nivea understands the value of celebrity marketing and has roped in several famous personalities as its brand ambassadors. Indian film actresses Anushka Sharma, Arjun Rampal, Parineeti Chopra, Taapsee Pannu, and famous ice dancer Tessa Virtue are some of the notable names associated with Nivea.
The company has also sponsored various events like the Times Square New Year’s Ball Drop and Carson’s Countdown on New Year’s Eve with Carson Daly to promote its products.
I hope you have gathered all the crucial information about the Marketing Mix of Nivea and the 4 P’s of Nivea. Stay tuned for more Marketing Mix Articles.