APPENDIX 1: REGISTRATION FORM. FOR THE PROPOSAL OF THE FINAL MASTER THESIS
Master’s Program in Marketing Management
2024-24
1. FINAL MASTER THESIS TITLE
HEYTEA:MARKETING PLAN FOR MILK TEA IN SPAIN
2. DESCRIPTION OF THE FMT PROPOSAL
The primary goal of the marketing plan for milk tea industry is to successfully launch and establish HEYTAE as a leading brand in the rapidly growing market of milk tea products. The aim is to capture a significant market share within the first year of operation and build a loyal customer base, to integrate Chinese milk tea culture into the Spanish market, allowing more people to experience this young and historic beverage.
China has a long history of tea drinking culture, and as a form of modern tea drinking, the rise and development of milk tea are closely related to the inheritance and innovation of Chinese tea drinking culture. With the increasing pursuit of health, quality, taste, and fashion by Chinese consumers, milk tea, as a fashionable and healthy beverage, has gradually become an important component of people's daily lives.
With the rapid development of the Chinese economy, people's living standards are constantly improving, and consumer demand and consumption structure are also constantly upgrading. Milk tea, as a high- quality and high value-added beverage, satisfies consumers' pursuit of a quality life, and its market size is constantly expanding.
We assume that by strategically positioning HEYTEA as a high-quality, fashionable, young, and culturally rich beverage brand, we look forward to strong online influence, attracting social media events and collaborating with influential individuals to help expand the brand's influence and drive initial sales.
This master thesis addresses an important topic nowadays.The history of Spain's milk tea industry is relatively short, mainly influenced by other European and Asian countries. In recent years, with the increasing trend of healthy eating and beverages, as well as the impact of globalization, Spain's milk tea industry has gradually developed and grown.
In conclusion,, HEYTEA's marketing plan aims to position the brand as a leader in the Spanish milk tea market by leveraging current trends in consumer behavior and strategic marketing initiatives. This method not only meets the growing demand for milk tea products, but also transforms HEYTEA into a young, fashionable and historically rich beverage, allowing more Spaniards to enjoy milk tea.
2. OBJECTIVES OF THE FMT
The main objective of this final master thesis is to provide valuable information to make the best strategic decisions regarding the product, pricing, promotion, and distribution channels for HEYTEA. It will also provide information in order to make informed decisions on segmentation and positioning. Information on budget allocation as well as metrics and analytics will also be provided.
In summary, the goal of the marketing plan for HEYTEA is to provide insights into the market, consumer behavior, and the brand itself based on a rigorous academic investigation. The information gathered informs strategic decisions related to product development, positioning, target audience engagement, and resource allocation, ultimately contributing to the brand's successful launch and sustained growth in the competitive milk tea industry.
3. METHODOLOGY
Developing a marketing plan for HEYTEA involves a systematic approach that combines primary and secondary research methodologies. The goal is to gather comprehensive data to inform strategic decisions. We will use secondary research in order to collect data about the macro-environment, customers, and competitors. Primary research will be used in order to gain insights about positioning, target market, consumer behavior, and the marketing mix variables. In particular, we will conduct qualitative research (in depth interviews and focus group) and quantitative research (survey).
By combining rigorous secondary research with targeted primary research, the marketing plan for HEYTEA will be grounded in a deep understanding of the industry, competitors, consumers, and trends This approach ensures that strategic decisions are well-informed, fostering the brand's successful entry and growth in the milk tea market.
4. BIBLIOGRAPHY
Report on Market Research and Development Prospects of China's Milk Tea Industry from 2023 to 2029
Global Bubble Tea Market Scope [2023-2030]
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