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Bms BLACKBOOK Project Edited
Bms BLACKBOOK Project Edited
A Project Submitted To
University Of Mumbai for Partial Completion of Degree of
Bachelor Of Management Studie
Under The Faculty of Commerce
By
To list who all have helped me is difficult because they are so numerous and the depth
is so enormous.
I would like to acknowledgment the following as being idealistic channel and fresh
dimension in the completion of this project.
I take this opportunity to thanks the University of Mumbai for giving me chance to
do this project.
I would like to thank my principle, Mr. Santosh Yadav for providing the necessary
facilities required for completion of this project.
I take this opportunity to thank our coordinator, Mr. Bhavesh Kapuria for moral
support and guidance.
I would like to express my sincere gratitude toward my project guide, Mr. Bhavesh
Kapuria
I would like to thanks our college library, for having provided various references book
and magazines related to my project.
lastly, I would like to thanks each and every person who directly or indirectly helped
me in completion of project specially my parents and peers who support me
throughout my project.
Declaration
The undersigned Mr. Jayesh Sudhir Vaydande hereby declare that the work embodied in
this project work title. a study of consumer behaviour in supplement industry in
Mumbai”
forms my own contribution to research work carried out under the guidance of Mr.
Bhavesh Kapuria is a result work and had not been previously submitted to any
degree/diploma to this or any other university.
wherever reference have been made to precious works of other, it has been clearly
indicating and included in bibliography.
hereby further declared that all information of this document has been obtained and
present an accordance with academic rule and ethical conduct.
Certified by
This is to certify that Mr. Jayesh Sudhir Vaydande. roll no: 51. has work and duly
completed her/ his project work or degree of Bachelor of Management Studies under the
faculty of commerce in the subject of marketing and his project is entitled, “A STUDY
OF CONSUMER BEHAVIOUR IN SUPPLEMENT INDUSTRY IN MUMBAI”
” Under my supervision.
I further certify that the entire work has been done by the learner under my guidance
and that no part of it has been submitted previously for any degree or diploma of any
university it is her/ his own work and facts reported by her/ his personal finding and
investigation
Chapter 1
1.1 1.2 Introduction
1.3 1.4 Scope of supplement industry
1.5 1.6 Features of supplement industry
1.7 1.8 Advantage 7 to 22
1.9 Disadvantage
Significance of supplement industry in Mumbai
Product range in supplement industry
Measure brands in supplement industry
SWOC Analysis
Chapter 2
2.1 Review Of Literature 23 to 28
Chapter 3
3.1 3.2 Need Of the Study
3.3 3.4 Scope of the study
3.5 3.6 Research gap
3.7 3.8 Objective of the study
3.9 Research Design 29 to 37
3.10 Hypothesis
Data collection
Sampling method
Sampling framework
Limitations
Chapter 4
4.1 Data Analysis and Interpretation 38 to 62
Chapter 5
5.1 Conclusion, Finding and Recommendation’s 63 to 67
6.1 Bibliography 68 to 74
Annexure
ABSTRACT
The study investigates consumer behaviour towards dietary supplements in Mumbai,
utilizing an exploratory research design with a convenience sampling method. The
sample comprises 106 respondents, drawn from diverse demographic backgrounds.
Secondary data were employed for the literature review. Findings reveal that factors
such as price, brand, age, and gender significantly influence consumer demand for
dietary supplements. Moreover, fear of purchasing duplicate products and concerns
about potential side effects emerged as significant barriers hindering consumer
demand. Notably, whey protein and isolate protein were identified as the most popular
supplements for muscle gain among respondents.
The study sheds light on the intricate dynamics shaping consumer preferences and
purchasing decisions in the Mumbai dietary supplement market. It underscores the
multifaceted nature of consumer behaviour, influenced by various factors including
economic considerations, brand perception, and individual demographics.
Additionally, the research highlights the importance of addressing consumer
apprehensions regarding product authenticity and safety to stimulate demand
effectively.
These findings hold valuable implications for marketers and policymakers aiming to
navigate the competitive landscape of the dietary supplement industry. By
understanding the drivers and deterrents of consumer demand, businesses can tailor
their marketing strategies and product offerings to better meet the needs and
preferences of their target audience. Furthermore, regulatory bodies can utilize these
insights to implement measures that ensure product quality and safety standards, thus
fostering consumer trust and confidence in the market.
In conclusion, this study provides valuable insights into consumer behaviour towards
dietary supplements in Mumbai, offering a comprehensive understanding of the
factors influencing demand and consumption patterns. By addressing key concerns
and leveraging popular preferences, stakeholders can effectively capitalize on market
opportunities and promote healthier lifestyles among consumers.
Keywords: Dietary Supplements, Consumer behaviour, Brand preference, Promotional
Strategies.
Ch.1 INTRODUCTION
1.9.2 Weaknesses:
Quality Control Challenges:
Maintaining consistent product quality and ensuring adherence to regulatory
standards pose challenges for businesses, especially regarding ingredient sourcing and
manufacturing processes.
Regulatory Compliance Complexity:
Compliance with regulatory requirements, such as labeling, safety standards, and
advertising regulations, can be complex and burdensome for companies operating in
the supplement industry.
Consumer Confusion:
The abundance of supplement options and marketing claims may lead to consumer
confusion and skepticism about product efficacy and safety, impacting purchasing
decisions.
1.9.3 Opportunities:
Market Expansion:
Mumbai's growing population, coupled with increasing health consciousness, presents
opportunities for the supplement industry to expand its market reach and tap into new
consumer segments.
Innovation and Product Development:
Opportunities exist for companies to innovate and develop new formulations, delivery
systems, and product categories that address emerging health trends and consumer
preferences.
Digitalization and E-commerce
: The rise of e-commerce platforms and digital marketing channels provides
opportunities for supplement companies to reach a broader audience, engage with
consumers, and enhance brand visibility and sales.
1.9.4 Challenges:
Counterfeit Products and Consumer Safety
The prevalence of counterfeit and substandard supplements poses risks to consumer
health and safety, undermining trust in the industry and regulatory authorities' ability
to ensure product quality.
Competitive Landscape:
Intense competition within the supplement industry, both locally and globally, may
lead to price wars, margin pressure, and challenges in differentiating products and
brands.
Ethical and Sustainability Concerns:
Addressing ethical and sustainability issues related to ingredient sourcing,
environmental impact, and labour practices presents challenges for companies seeking
to uphold responsible business practices.
In summary, the supplement industry in Mumbai faces a mix of strengths, weaknesses,
opportunities, and challenges inherent in a dynamic and competitive market
environment. Strategic management, innovation, regulatory compliance, and
consumer education are essential for businesses to navigate these factors successfully
and capitalize on market opportunities while addressing challenges.
CHAPTER: 2
REVIEW OF LITERATURE
CHAPTER 2. REVIEW OF LITERATURE
1. Hena Anand, Arijit Ganguly and Parimalendu Haldar (2008). Potential Value of
Acridids as High Protein Supplement for Poultry Feed. International Journal of
Poultry Science 7 (7): 722-725, 2008. ISSN 1682-8356.
Acridids, despite being a crucial food source for various vertebrates, have received
limited research attention as feed for domestic animals like poultry, swine, and
freshwater fish. This study conducted energy estimation and proximate analysis on
four acridid species to assess their nutritional value. Results indicated higher protein
content compared to conventional soybean and fish meals, alongside notable caloric
content. The study suggests acridids as a promising alternative protein source for
domesticated animals, emphasizing their potential as a sustainable and reliable option.
This underscores the significance of exploring acridids' role in enhancing the
nutritional quality of animal feed for diverse agricultural applications.
Acidic whey protein beverages are gaining traction in the functional food
market, despite their inherent astringency, a characteristic found in other beverages
like red wine and coffee. This study aimed to understand consumer perceptions of
astringency in such beverages. Through focus groups and sensory tests, consumers
identified astringency but did not necessarily dislike it. Ortho nasal thresholds for
whey protein isolate (WPI) and mouthfeel thresholds were determined. Acceptance
tests revealed lower consumer approval without nose clips, indicating flavour issues
with WPI. Findings emphasize the importance of addressing both flavour and
astringency to enhance the palatability of acidic whey protein beverages, crucial for
this expanding market segment
4. Musab Az Zuhrufi1 Sri Herliana2(2022) Zuhrufi, M., & Herliana, S. (2022). The
Analysis of Factors Affecting Customer’s Purchase Intentions of Whey Protein
Products. International Journal of Accounting, Finance and Business (IJAFB),
7(43),
557 - 570. INTERNATIONAL JOURNAL OF ACCOUNTING AND FINANCE
Since the onset of the COVID-19 pandemic in early 2020, global social
changes have prompted human adaptation, impacting both physical and mental health
stability. Notably, heightened health awareness emerged, evidenced by increased
Indonesian interest in healthy lifestyles, including exercise and nutrition, by the end of
2020. Capitalizing on this trend, some businesses have introduced whey protein
products. However, certain brands have encountered market resistance, prompting
product and marketing strategy improvements. This study aimed to identify factors
influencing customer purchase intentions for whey protein products. Surveying 121
whey protein users in Java, it found that product quality and features significantly
influence purchase intentions, guiding companies' strategic development.
Creatine, a popular supplement among athletes, especially those in strength and power
sports, is known to enhance short-duration, high-intensity performance. Studies
suggest its efficacy in improving both isometric and dynamic strength, particularly in
exercises involving large muscle groups, over short supplementation periods. Though
the exact mechanisms aren't fully understood, increased creatine phosphate levels,
improved buffering effects, and enhanced mitochondrial activity are proposed.
Creatine may also boost protein synthesis, aiding muscle hypertrophy. Weight gain is
the primary documented side effect, often attributed to water retention.
7. REINALDO A. BASSIT, LETICIA A. SAWADA, REURY FRANK P.
BACURAU,
FRANCISCO NAVARRO, and LUI´S FERNANDO B. P. COSTA ROSA. (2000).
32, No. 7, pp. 1214–1219, The effect of BCAA supplementation upon the immune
response of triathletes. OFFICIAL JOURNAL OF THE AMERICAN
COLLEGE OF SPORTS MEDICINE.
In their study, Basit et al. (2000) investigated the impact of BCAA supplementation on
the immune response of triathletes. They noted that prolonged intense exercise, like
the Olympic triathlon, can lower plasma glutamine levels, potentially leading to
immune suppression. Twelve elite male triathletes participated, with half receiving
BCAA supplements and the rest placebos. Results showed that BCAA
supplementation prevented the decrease in plasma glutamine levels observed in the
placebo group. Additionally, it reversed reductions in lymphocyte proliferation and IL-
1 production post-exercise. This suggests that BCAA supplementation may mitigate
immune suppression in endurance athletes, reducing the incidence of infection
symptoms.
The study aimed to assess the impact of glutamine supplementation on recovery after
eccentric exercise. Fifteen active males were randomly assigned to control or
glutamine groups. Participants performed 100 drop jumps followed by either
maltodextrin (Control) or maltodextrin with L-glutamine (Glutamine) ingestion at
specified intervals. Measurements included knee-extensor peak torque, muscle
soreness, and plasma creatine kinase activity at various post-exercise points.
Glutamine supplementation showed better preservation of peak torque over 96 hours
at both angular velocities, along with reduced muscle soreness. However, it didn't alter
creatine kinase response. This suggests glutamine supplementation effectively
mitigates strength loss, indicating its potential as a recovery aid.
Pregelatinized starch is commonly used in food for quick thickening and stability. Yet,
proteins have been overlooked due to the need for intense heat. By adjusting heating
time, pH, and mineral content, whey protein isolate gels of various types were created.
These gels were freeze-dried and turned into powder. Reconstituted with water, they
were tested for solubility, viscosity, and molecular structure. The protein powder with
the highest viscosity, solubility, and hydrolysis was chosen for further stability and
rheology tests. This method transforms whey protein into a versatile product capable
of forming cold-set gels, ideal for thickening various food systems across different
temperatures and pH levels.
10. Rudolph G. Villani, Jenelle Gannon, Megan Self and Peter A. Rich. (2000) 1526-
484X : 1543-2742 L-Carnitine Supplementation Combined with Aerobic Training
Does Not Promote Weight Loss in Moderately Obese Women.
INTERNATIONAL JOURNAL OF SPORTS NUTRITION AND EXCERSICE
METABOLISM.
L-Carnitine (L-C) aids in transporting fatty acids for oxidation, promoted as a weight
loss aid. In a double-blind study, 36 moderately overweight premenopausal women
were paired based on BMI and randomly assigned to two groups (N = 18). Over 8
weeks, one group ingested 2 g of L-C twice daily, while the other consumed lactose.
Both groups walked for 30 min, 4 days/week. Before and after treatment, body
composition, resting energy expenditure (REE), and substrate utilization were
assessed. No significant changes in total body mass (TBM), fat mass (FM), or resting
lipid utilization occurred over time or between groups. REE increased for all subjects,
with no between-group differences. Five L-C participants experienced nausea or
diarrhea and didn't complete the study. The study suggests that 8 weeks of L-C
supplementation combined with walking didn't significantly affect TBM or FM in
overweight women, questioning its efficacy for weight loss.
2.2.2 Rhythma Kaul, Aug 04, 2023. Govt cracks down on substandard
supplements: Mandaviya. HINDUSTAN TIMES.
Nutraceuticals, or functional foods, are diverse nutritional supplements available in
various forms like pills, syrups, capsules, powders, gummies, and chewable. The Food
Safety and Standards Authority of India (FSSAI) directed food safety commissioners
to conduct special enforcement drives for these products due to non-compliance with
regulations. From the data provided, during the enforcement drive, 1,229 samples were
tested, with 202 found non-compliant. Manufacturers faced legal action as per the
Food Safety and Standards Act. Demand for nutraceuticals surged, particularly post-
Covid-19, emphasizing the importance of ingredient scrutiny to prevent potential
harm, as noted by a senior government official.
2.2.3 Sanket Koul, March 04 2024, Vitamin B12 supplements market steadily
growing in India. BUISNESS STANDARD.
Recent data from clinical research agency IQVIA indicates a surge in Vitamin B12
supplement consumption among Indians, reflecting heightened awareness of its
deficiency risks. Path kind Labs' testing revealed one in four Indians suffers from
Vitamin B12 deficiency, termed by some as a "silent epidemic." This trend has led to
a boon for pharmaceutical brands, as evidenced by the Vitamin B12 supplements
segment's significant growth. From January 2020 to January 2024, its moving annual
turnover rose from Rs 3021.8 crore to Rs 4024.4 crore, showing a compound annual
growth rate (CAGR) of 7 percent over the past five years.
2.2.4 Ankit Jha, Sep 15, 2023, The Role of D2C in Educating Consumers About
Supplements. INDIAN RETAILER.
Amidst growing health consciousness, the dietary supplement industry is booming as
consumers prioritize wellness. However, the abundance of products floods the market,
complicating choices. Direct-to-Consumer (D2C) brands emerge as educators, guiding
consumers through this maze. They prioritize transparency, disclosing product details
and testing, empowering informed choices. Through informative content, D2C brands
elucidate supplement science, benefits, and usage, nurturing trust. Additionally, they
foster communities where consumers exchange experiences and knowledge. D2C
brands thus play a pivotal role in educating consumers about supplements, ensuring
quality and safety amidst the plethora of choices in the market.
2.2.5 GAUTAM BALI, Jun 28, 2023, Counterfeit and substandard supplements
remain a concern in the supplement. THE ECONOMICS TIMES.
A significant shift in mindset has emerged in recent years, notably impacting the
wellness supplement market. Consumers increasingly prioritize holistic health and
preventive care, driving the demand for supplements. This shift reflects a growing
awareness of the importance of overall well-being and the role of supplements in
supporting it. Factors such as lifestyle changes, rising healthcare costs, and increased
access to information have contributed to this transformation. As a result, the wellness
supplement market in India is experiencing notable growth, with consumers seeking
products that align with their health goals and values.
CHAPTER: 3
REASEARCH METHODOLOGY.
Chapter 3 RESEARCH METHODOLOGY.
The scope of study in the supplement industry encompasses safety, efficacy, regulatory
oversight, consumer behaviour, quality control, manufacturing practices, health
outcomes, and risks associated with supplement use. Researchers investigate product
safety, regulatory frameworks, consumer perceptions, manufacturing standards, and
long-term health impacts to inform evidence-based decision-making and enhance
consumer protection. Understanding these aspects enables the development of targeted
interventions, improved regulations, and informed consumer choices, contributing to
the overall advancement and sustainability of the supplement industry.
In the protein powder supplement industry, significant research gaps exist regarding
safety, efficacy, and quality control. There's limited comprehensive study on the long-
term health effects, optimal dosage, and potential risks associated with protein powder
consumption. Additionally, quality control measures and manufacturing practices vary
widely, leading to concerns about product consistency and contamination. Research is
needed to evaluate the safety and efficacy of protein powders, assess manufacturing
standards, and develop evidence-based guidelines for their use. Addressing these gaps
is crucial for ensuring consumer safety, promoting informed decision-making, and
enhancing the overall quality of protein supplements.
3.4 OBJECTIVES OF THE STUDY.
• To Explore consumer beliefs about the safety and potential side effects of dietary
supplement powders.
Research design in consumer behaviour within the nutrition supplement industry refers
to the study will be conducted to investigate consumer actions, attitudes, and
motivations. It involves selecting appropriate methodologies, data collection
techniques, and analysis methods to address research questions effectively. The design
ensures that researchers can systematically gather and interpret data to understand the
factors influencing consumer behaviour, such as product preferences, purchase
decisions, and brand loyalty.
Cross-sectional Research Design: Collects data from a single point in time to analyze
consumer behaviour and characteristics within the nutrition supplement market.
Qualitative Research Design: Utilizes methods such as interviews and focus groups to
explore consumer attitudes, perceptions, and motivations regarding nutrition
supplements.
H01: Age and gender are insignificant to determine consumer demand for dietary
supplements
H1: Age and Gender significantly determines consumer demand for dietary
supplements.
H02: Price and quality are insignificant to influences consumer demand for dietary
supplements.
H2: Price and quality significantly influence consumer demand for dietary
supplements.
H04: Fear of duplicate products are insignificant to resist consumer demand for dietary
supplements.
H4: Fear of duplicate products significantly resists consumer demand for dietary
supplements.
3.7 TYPES OF DATA COLLECTION:
Primary Sources:
• Surveys and Questionnaires: These are structured tools used to gather data directly
from respondents. They can be administered in person, via phone, through mail, or
online.
• Focus Groups: Small group discussions led by a moderator to explore specific topics
in depth, allowing for interaction and the exchange of ideas among participants.
SECONDARY SOURCE:
• Existing Databases and Records: Accessing previously collected data from sources
such as government agencies, research organizations, or academic institutions.
• Literature Review: Reviewing published studies, articles, books, and reports related to
the research topic to gather existing knowledge and insights.
• Company Reports and Financial Statements: Annual reports, financial statements, and
corporate publications issued by companies or organizations relevant to the research
topic.
• Online Data Sources: Utilizing data available on the internet, such as social media
platforms, e-commerce websites, forums, and blogs.
• Mixed Methods:
PRIMARY TYPE OF DATA COLLECTION WE GET FROM SURVEY
METHOD.
Surveys yield primary data through structured questionnaires, capturing respondents'
perspectives, preferences, and behaviours. This method provides quantitative insights
into targeted demographics, attitudes, and opinions, enabling statistical analysis and
trend identification. Surveys allow for large sample sizes, enhancing generalizability,
and can be administered through various mediums, including online platforms, phone
calls, or inperson interviews. By collecting direct responses from participants, surveys
offer valuable data on consumer preferences, market trends, and societal attitudes,
informing strategic decision-making in diverse fields such as marketing, public
opinion research, and social sciences.
AGE
18 TO 25 25 TO 35 35 TO 45 45 AND TOTAL
ABOVE
81 9 6 10 106
GENDER
MALE FEMALE TOTAL
94 12 106
3.10 LIMITATIONS OF CONSUMER BEHAVIOUR IN SUPLEMENT
INDUSTRY.
• Challenges of Counterfeit Products The presence of counterfeit products undermines
consumer trust and poses health risks, necessitating stringent measures to ensure
product authenticity and safety.
• Regulatory Compliance Issues Compliance with regulatory standards is essential for
maintaining market credibility and ensuring consumer safety, but navigating complex
regulations can be challenging for industry players.
• Concerns Regarding Product Quality and Efficacy Consumer skepticism regarding the
quality and effectiveness of supplements highlights the need for transparency, quality
control, and evidence-based product claims.
• Expanding Consumer Awareness Educating consumers about the benefits, risks, and
proper usage of supplements can foster trust and confidence, driving market growth
and demand.
• Leveraging Digital Platforms for Marketing and Distribution Embracing digital
marketing strategies and e-commerce platforms enables supplement companies to
reach wider audiences, improve brand visibility, and facilitate convenient access to
products.
CHAPTER: 4
DATA ANALYSIS AND
INTERPRETATION.
CHAPTER 4 DATA ANALYSIS AND INTERPRETATION.
4.1 QUESTIONNARES:
SR
NO. QUESTIONS
DO YOU WORKOUT?
1
AMONG THE FOLLOWING WHICH DIETAR Y PRODUCT YOU PREFER THE MOST?
4
HOW SATISFIED YOU ARE WITH DIETARY PRODUCTS WHICH YOU ARE CURRENTLY
CONSUMING?
13
EXCEL SHEET RESPONSE
Q.1 DO YOU WORKOUT?
GENDER AGE YES NO
MALE 18 TO 25 63 18
FEMALE 3 3
MALE 25 TO 35 7 0
FEMALE 9 0
MALE 35 TO 45 3 0
FEMALE 3 0
MALE 45 AND ABOVE 1 2
FEMALE 0 1
G A W IS M WH B GL C MUL DI
E G H O A EYIS C UT RE TIVI SC
N E E L S OLA A AM AT TAM O
D Y A S TE A INE IN IN U
E P T G CON E NT
R R E A CEN
O P I TRA
TI R N TE
E O E
N TI R
E
N
M 1 29 6 1 27 2 1 1 1 1
A 8 1
L T
E O
2
5
F 0 1 0 0 0 0 0 0 0
E
M
A
L
E
M 2 0 0 1 0 0 0 0 0
A 2
L 5
E T
O
3
5
F 1 0 0 0 0 0 0 0 0
E
M
A
L
E
M 3 1 0 0 0 1 0 0 0 0
A 5
L T
E O
4
5
F 1 1 0 0 0 0 0 0 0
E
M
A
L
E
M 4 1 2 0 0 0 0 0 0 0
A 5
L A
E N
D
A
B
O
V
E
F 0 0 0 0 0 0 0 0 0
E
M
A
L
E
MALE 25 TO 3 4 6 5
35
FEMALE 1 2 1 1
MALE 35 TO 1 1 3 1
45
FEMALE 0 1 2 0
MALE 45 1 1 1 1
AND
ABOV
E
FEMALE 0 0 0 1
Q.9 WHAT IS YOUR MOTIVE OF BUYING DIETARY SUPLEMENT?
GE AG GAI FAT STR ESSE GO TRANSFO
ND E NNIN LOS ENT NTIA OD RMATION
ER G S H L HE
MUS NUTR AL
CLE ITIO TH
S N
MA 18 19 17 28 32 47 41
LE TO
25
FE 1 1 1 4 38 6
MA
LE
MA 25 0 0 5 6 6 7
LE TO
35
FE 0 0 1 1 2 1
MA
LE
MA 35 1 0 1 0 1 0
LE TO
45
FE 1 0 0 1 2 1
MA
LE
MA 45 0 0 0 1 1 2
LE AN
D
AB
OV
E
FE 0 0 0 0 0 1
MA
LE
Q.10 WHAT KIND OF DIETARY PRODUCT YOU PREFERD?
TABLE NO 4.1
YES NO
77.4% 22.6%
GRAPH NO:1
INTERPRETATION:
In this pie chart, we can see that 77% of people are saying yes, it means most of people
do workout. and 22.6% of people do not workout.
Q.2 ARE YOU AWARE ABOUT DIETARY SUPPLEMENTS?
TABLE NO 4.1.2
YES NO
77.4% 22.6%
GRAPH NO:2
INTERPRETATION:
In this pie chart again, the response is same as per the table in pie chart the people
which has been aware about the supplement is 77.4% and the people who didn’t aware
about the supplement is 22.6%.
Q.3 HOW FREQUENTLY YOU PURCHASE DIETARY SUPPLEMETS?
TABLE NO 4.1.3
GRAPH NO 3:
INTERPRETATION:
In this pie chart, we can see that most (32.1%) of the people are frequently purchasing
the supplement in 3 months. and second highest (29.2%) are purchasing in 30 days. and
(23.6%) purchasing in 2month and lowest frequent purchasing of supplement is (15.1%)
in 30 days.
Q.4 AMONG THE FOLLOWING WHICH DIETARY PRODUCT YOU PREFER
THE MOST?
TABLE NO 4.1.4
PRODUCT PREFERENCES
WHEY PROTIEN 53.8%
ISOLATE PROTIEN 18.9%
MASS GAINER 16%
WHEY ISOLATE CONCENTRATE 7.5%
BCAA 10.4%
GLUTAMINE 2.8%
CREATINE 26.4%
MULTIVITAMINS 15.1%
COUPONS/ DISCOUNTS 14.2%
GRAPH NO 4.
INTERPRETATION:
In this graph the most preferred dietary product is whey protein (53.8%) and isolate
protein is (18.9%) mass gainer is of (16%), whey concentrates isolate (7.5%) bcaa
(10.4%), glutamine (2.8%) creatine (26.4%), multivitamins (15.1%) and rest of (14.2) %
people preferred by discounts and coupons
Q5 WHICH IS YOUR MOST PREFERED BRAND FOR DIETARY PRODUCT?
TABLE NO 4.1.5
PRODUCT PREFERENCE
ON NUTRITION 33%
MUSCLE BLAZE 39.6%
DYMATISE ISO 100 15.1%
MUSCLETECH 12.3%
GRAPH NO:5
INTERPRETATION:
In this pie chart, the most preferred brand is, muscle blaze which is (39.6) % and second
most preferred brand is on nutrition which is (33) % and third highest is dymatise which
is (15) % and low preferred brand muscletech which is (12.3) %
Q6 ON AN AVERAGE HOW MUCH YOU SPEND ON DIETARY SUPLEMENT
ON A MONTH?
AVERAGE MONEY
44.3% 2000 TO 3000
26.4% 3000 TO 4000
16% 4000 TO 5000
13.2% 5000 AND ABOVE
GRAPH NO:6
INTERPRETATION:
In this pie chart, we can see that 44.3% average people spend 2000 to 3000 on dietary
supplement in a month, and 26.4% average people spend 3000 to 4000 on dietary
supplement on a month, 16% spend 4000 to 5000 averages on a month and 13.2% which
is the lowest people spend 5000 and above money on dietary supplement in a month.
Q7 WHAT FACTORS YOU CONSIDERD WHILE PURCHASING DIETARY
SUPLEMENT?
FACTORS PURCHASING
PRICE 30.2%
QUALITY 64.2%
BRAND 39.6%
FLAVOUR 24.5%
SUPPLEMENT CONTENT 22.6%
GRAPH:7
INTERPRETATION:
In this graph, which has been most considered factor while purchasing dietary supplement
is
64.2% people they are purchasing the product for quality. And second highest people
which is 39.6% of people are purchasing considering the factor of brand and 30.2%
people are considering the pricing factor while purchasing dietary supplement.24.5% are
considering flavour of the dietary supplement while purchasing. And the lowest 22.6%
people are considering supplement content while purchasing dietary supplement.
Q8 WHICH IS YOUR MOST PREFERED METHOD OF BUYING DIETARY
SUPLEMENT?
GRAPH NO:8
INTERPRETATION:
In this graph, we can see that the most preferred method of buying dietary supplement
the 50% of people buy the supplement from e-commerce method such as amazon,
Flipkart. and the second highest which is 42.5% from the retail store is the preferred
method. and 35.8% people preferd the method of brand store and factory outlet. and the
method which has been preferred very low amount of people only 16% from local market.
Q.9 WHAT IS YOUR MOTIVE OF BUYING DIETARY SUPLEMENT?
MOTIVE BUYING
GAINING MUSCLE 47.2%
FATLOSS 17%
STRENTH 34%
ESSENTIAL NUTRITION 17%
GOOD HEALTH 37.7%
TRANSFORMATION 21.7%
GRAPH NO: 9
INTERPRETATION:
In this graph we can see that the 47.2% people motive is to buy the dietary supplement
for gain muscles. and second highest which is 37.7% 0f people which has the motive of
good health. and strength is also the motive of the people for gaining strength 34% people
buy the product. And 17% people motive is to buy the dietary supplement for fat loss.
and another 17% people motive of buying the product is for getting essential nutrition.
and the last 21.7% people which buys the product their motive is to transformation.
Q.10 WHAT KIND OF DIETARY PRODUCT YOU PREFERD?
TABLE NO:4.1.10
GRAPH NO:10
INTERPRETATION:
In this pie chart, we can see that the product which has been preferred most is 40.6% they
preferd multivitamins. And second highest is 26.4% they preferred vegan dietary product.
and 19.8% preferd organic dietary product. and which the lowest 13.2% people preferred
fish oil.
Q.11 WHICH OF THE FOLLOWING SOURCES DEPEND UPON TO COLLECT
INFORMATION ABOUT DIETARY SUPLEMENTS?
GRAPH NO:11
INTERPRETATION:
In this graph, we can see that the most information collected from the source of social
media marketing which is 46.2%.and second highest information collected from the
source of word of mouth is 33% and 28% from tv advertisement. and 15.1% from news
advertisement. and 12.3% from hoarding. 9.4% from tele marketing. and the lowest
sources from which the information is collected 5.7% from radio.
Q.12 WHAT KIND OF PROBLEM YOU FACED WHILE CONSUMING
DIETARY SUPLEMENTS?
GRAPH NO: 12
INTERPRETATION:
In this pie chart, we can see that the problem which is faced most is 36.8% which is
duplicate product. And 29.2% which is second highest problem faced by false consulting
and after consulting the people who buy they didn’t research. And after that they faced
the problem. And 17% people faced the problem after consuming dietary supplement
which is medical condition. And 9.4% people faced the problem liver disease. and 7.5%
faced the problem of damage organ while consuming the dietary supplements Which is
the lowest ratio of problem faced damage organ of 7.5% people.
Q.13 HOW SATISFIED YOU ARE WITH DIETARY PRODUCTS WHICH YOU
ARE CURRENTLY CONSUMING?
GRAPH NO: 13
INTERPRETATION:
In this pie chart, as we can see that 24.5% people are highly satisfied from currently
consuming the dietary product. And 17.9% people are satisfied with currently consuming
dietary supplement. And 25.5% people are neutral in currently consuming and, 13.2%
people dissatisfied which are currently consuming dietary supplement. and 18.9% people
highly dissatisfied while currently consuming dietary supplement.
CHAPTER: 5
CONCLUSION.
CHAPTER.NO 5CONCLUSION:
CONCLUSION:
• The industry holds vast potential for growth and innovation, contingent upon
companies adapting to changing consumer needs.
• The data shows that many people are aware of and use dietary supplements regularly,
particularly for muscle gain and overall health. Whey protein is the top choice, and
brands like Muscle Blaze and ON Nutrition are popular. Consumers typically spend
2000 to 4000 rupees monthly on these products, prioritizing quality and brand
reputation. They prefer buying online, especially from sites like Amazon and Flipkart.
• While multivitamins are favoured, there's also interest in vegan and organic options,
reflecting a trend towards holistic wellness. Social media and word of mouth heavily
influence purchasing decisions. However, challenges like fake products and health
risks exist, calling for better regulation and consumer education.
• Overall, many consumers are satisfied with their supplements, but there's room for
improvement. Ensuring product quality, safety, and accurate information is essential
for the industry's growth. Additionally, providing clearer guidance on usage and
potential risks can enhance consumer trust and satisfaction.
Despite the positive aspects of the supplement market, challenges such as the prevalence
of counterfeit products and potential health risks underscore the need for better
regulation and consumer education. Ensuring product quality and safety is paramount
for consumer trust and satisfaction. Moreover, providing clear guidance on product
usage and potential risks can help bridge the gap between consumer expectations and
reality, ultimately enhancing satisfaction levels and fostering long-term loyalty.
Overall, while many consumers express satisfaction with their supplement choices, there
is a clear opportunity for improvement within the industry. By addressing concerns
related to product quality, safety, and transparency, supplement brands can capitalize on
the growing demand for health and wellness products in India while fostering trust and
loyalty among consumers.
RECOMMENDATION:
• Quality Assurance:
Ensure strict quality control during manufacturing to maintain purity and safety.
• Consumer Education:
Provide clear information on supplement benefits and risks.
• Product Transparency:
Label products accurately with ingredient lists and sourcing details.
• Monitoring Systems:
Investigate and address complaints promptly.
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ANNEXURE