TARGET MARKET
The tea market in Vietnam was quite wide because of the traditional drinking habit. Nevertheless, as the company wants to offer the best quality product, promotion and customer service, it only chooses selected market segments that are most attracted:
Geographic
As in the countryside, people tend to drink fresh tea; THP chooses to target the product in urban areas and some tourism cities.
Demographic
- Age: from 15 to 29 years old. They are the active group involved in many outdoor activities, and use ready-to-drink products very often.
- Income: Because of its higher price compared to the other soft drinks, THP targets people whose income in the middle group ($200-500)
Behavioral
- Occasion: As 0° Tea is a healthful refresher, THP focuses on both regular occasions (eg. Festivals) and special occasions (eg. sport competitions, big performances)
TARGET MARKET
The tea market in Vietnam was quite wide because of the traditional drinking habit. Nevertheless, as the company wants to offer the best quality product, promotion and customer service, it only chooses selected market segments that are most attracted:
Geographic
As in the countryside, people tend to drink fresh tea; THP chooses to target the product in urban areas and some tourism cities.
Demographic
- Age: from 15 to 29 years old. They are the active group involved in many outdoor activities, and use ready-to-drink products very often.
- Income: Because of its higher price compared to the other soft drinks, THP targets people whose income in the middle group ($200-500)
Behavioral
- Occasion: As 0° Tea is a healthful refresher, THP focuses on both regular occasions (eg. Festivals) and special occasions (eg. sport competitions, big performances)
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