Most of the products being sold in the food market today
are identified by their names. The name, which helps the
buyers in recalling the food product instantly is known
as brand name. This name gives the food product a unique
personality. It creates an image in the minds of prospective
buyers. Branding is analogous to naming of human beings.
It is for the purpose of identification of the product and
it becomes more crucial in the food market, where buying
decisions of the consumers are based on the brand perception.
Branding has a unique and vital role in effective and successful
marketing of food products. It helps not only in identification
of products but also in differentiating the products in
the market. Branding has even more advantages and it performs
a wide range of functions. It has become one inevitable
part of the food products marketing strategy. Today, it's
highly impossible to formulate any marketing strategy in
the absence of the brand in the food industry. In fact,
the brand is becoming the soul of marketing in the food
industry.
Brand is a very wide term. It includes any letter, word,
term, name, sign, symbol, design, mark, logo or a combination
of these, used for the purpose of identification of products,
which is the primary function of the brand. Brand includes
brand name as well as brand mark. Brand name is the vocalized
part of brand, while brand mark is the non-vocalized part,
aiming at instant recognition of the product.
|