Cover Image
Market Research Report

Success Case Study: Jjawang Instant Noodles - Successfully elevating a staple food group to premium status

Published by GlobalData Product code 661494
Published Content info 21 Pages
Delivery time: 1-2 business days
Price
Back to Top
Success Case Study: Jjawang Instant Noodles - Successfully elevating a staple food group to premium status
Published: April 27, 2018 Content info: 21 Pages
Description

Nongshim launched a premium instant noodle product, Jjawang, to tap into the South Korean market by targeting time-pressed consumers looking to have a quick, restaurant-style meal.

In South Korea, Nongshim has launched a premium instant noodle variety (Jjawang) that impressed consumers who were moving away from regular staple ramen options. The product recorded sales of KRW10bn ($8.7m) within one month of its launch, and KRW94bn ($83.1m) within eight months.

Scope:

  • Nongshim's Jjawang was able to position itself as a luxurious and premium option among conventional instant noodle varieties.
  • Standard ramen options, part of the staple diet in South Korea, is gradually being replaced by high quality instant noodle options which are comparable to restaurant-style dishes.
  • Jjawang noodles, being quick to prepare, aligns with the specific needs of time-pressed consumers.
  • Jjawang's traditional black bean sauce flavor contributed to the success of the product.
  • Nongshim successfully targeted consumers with television and online advertisements.

Reasons to buy:

  • Reduce the risk of failure by learning from brands/products that have under-performed: failed innovation can severely impact profit and reputation.
  • Understand the relevant consumer trends and attitudes that drive and support innovation success so you can tap into what is really impacting the industry.
  • Gain a broader appreciation of the fast-moving consumer goods industry by gaining insights from both within and outside of your sector.
  • Access valuable strategic take-outs to help direct future decision-making and inform new product development.
Table of Contents
Product Code: CSI1808SF

Table of Contents

  • About Successes & Failures Case Studies
  • 1. Introduction
  • 2. What?
  • 3. Why?
  • 4. Take-out
  • 5. Appendix
Back to Top