Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in...

27
Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista Colltech

Transcript of Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in...

Page 1: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

Overcoming challenges facing the

Omega-3 industry in Asia: Insights from a home-grown fish oil brand

Rajen M

CEO

Holista Colltech

Page 2: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

Omega 3 – The Good Truth

Essential … needs to be consumed every day for health and well being

Growing body of evidence

Manufacturer sophistication

Market sophistication

Consumer sophistication

Research sophistication

Product sophistication

Page 3: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

The Hard Truth

Omega 3 becoming commodity

Consumers are ”desensitized to price and quality”

Growing market challenges participants

More players emerge:

- manufactures

- brand players

Pricing and margins

Page 4: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

Challenges Of Mass Markets

Page 5: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

Channel Challenges

Retail Pharmacies are challenging each other in pricing

Discounting and price wars raging

Bulk buying chains squeeze manufacturers

Bulk (wholesale pharmacies) emerge

Online business models eliminate the need for pharmacies

Multi-level marketing models grow

Page 6: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

PRISTIN – The Brand

Page 7: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

The PRISTIN Vision

“It's very easy to be number one: find the guy who is

number one, and score one point higher than he does.”

― Paul Kalanithi,

When Breath Becomes Air

Page 8: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

Keeping PRISTIN Going

Page 9: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

Keeping PRISTIN Going

Page 10: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

Keeping PRISTIN Going

Page 11: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

Keeping PRISTIN Going

Page 12: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

Staying No. 1

“Do what no one else can do and you will become what

no one else can become.”

― Matshona Dhliwayo

Page 13: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

The CORE Pristin Story

Purity

Concentration

Innovation

Page 14: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

Going Up The Value Curve

Increasing purity

Increasing innovation

Increasing price

Increasing the range

Page 15: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

Building Credibility

Co-brand with EPAX

Only brand that states the manufacturer on the pack

Money back guarantee on purity

1,000,000 ringgit challenge

Page 16: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

Establishing A Brand

Unique identity

Brand that stands for something

Unique online presence

Database marketing

Surveys with pharmacists

Medical endorsement

Page 17: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

Building Credibility

Public relations

Media engagement

Media writing

Online campaign

Page 18: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

EPAX – The Co Brand

World’s largest fish oil manufacturer

Leader in refining fish oil

Constantly improving purity

Leader in industry practices

Norway heritage

Page 19: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

Building Credibility

Page 20: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

Line Extensions

GOLD MOPL

Page 21: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

Nielsen

Page 22: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

School of Pharmacy

University Of Science Malaysia

"No.1 Pharmacist's Choice“Latest Universiti Sains Malaysia (USM) survey

shows that Malaysia *No.1 fish oil brand is

recommended by pharmacists more than any

others brand. More importantly, the same

survey showed that PRISTIN® is the brand

most used by pharmacists themselves.

*USM for Pharmacist Studies Survey, May 2011

(Sample survey: 200)

Page 23: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

Campaigns

Page 24: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

Coming Next … Growing Faster Than

The Market

More on purity

More challenges

More relations with the end customer

Secretariat for Malaysian Wellness Society

Page 25: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

People Behind The Brand

Page 26: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

“Strive to be more than number one—strive to be

the greatest number one.”

― Matshona Dhliwayo

Page 27: Overcoming challenges facing the Omega-3 …...Overcoming challenges facing the Omega-3 industry in Asia: Insights from a home-grown fish oil brand Rajen M CEO Holista ColltechOmega

Thank You