[Virtual Presenter] Good morning everyone! We are here today to present RedFern Digital's market research and findings on the maternity clothing industry in Mainland China, Vietnam, and Thailand. We will discuss trends, competitor analysis, consumer preferences, and product selection options. Let's get started!.
[Audio] As part of our preparation for the Shanghai Shout campaign, RedFern Digital must conduct a thorough market research into the market for maternity clothing in Mainland China, Vietnam, and Thailand. We will analyze the current trends, our competition, and the consumer preferences of these countries by comparing the trend data, competitor data, and consumer preference data of the specified countries. With our findings, we hope to position RedFern Digital for success..
[Audio] The market size of maternity clothing in Mainland China, Vietnam, and Thailand is steadily increasing. Chinese consumers demonstrate the highest potential for growth, with a forecast of $7 billion in sales in 2021. This presents new prospects for companies as they aim to broaden their market reach. Vietnam is also increasing its standing in the global maternity clothing market, with projected sales of more than $2.5 billion this year. Valuable prospects in the form of an estimated $1.5 billion market size in 2021 are available in Thailand. There is a wealth of opportunity for organizations eager to capitalize on these markets..
[Audio] The forecast indicates that the maternity clothing market is highly lucrative. It is currently estimated to have a global market value of $3.15 billion in 2022, and is predicted to reach $11 billion by 2028. Asia-Pacific is estimated to comprise 41.3% of this market, particularly in countries such as Mainland China, Vietnam, and Thailand. This is an especially attractive industry to investors, as it has a projected Compound Annual Growth Rate of 23.22%..
[Audio] We focus on our target audience, Asian pregnant women who are sustainability conscious and fashion enthusiasts. To reach them effectively, we need to understand their shopping behavior, such as what word-of-mouth and recommendations they take into account, and how early they plan and research their purchases. Using this information, we can create campaigns tailored to our target audience, ensuring they receive the most accurate message..
[Audio] RedFern Digital is a digital marketing and promotion professional, providing a wide range of maternity clothing for expecting mothers in Mainland China, Vietnam, and Thailand. Designed for fashion and comfort, their products are also responsibly sourced, with careful selection of materials and manufacturing processes to ensure they are eco-friendly. RedFern Digital provides high quality fashion, with a focus on sustainability..
[Audio] Our research into the Asian maternity clothing industry has uncovered an incredibly competitive market, with international and local brands all targeting customers. We have identified the strengths and weaknesses of our own company, as well as potential opportunities and threats. Our adaptability for post-pregnancy, strong brand reputation, and increasing demand for maternity clothing in Asia will be beneficial, while we must address our limited market presence and higher production costs. Furthermore, we must be mindful of the competition and changing consumer preferences..
[Audio] Our eighth slide focuses on brand identity and messaging for RedFern Digital's maternity clothing line. To create a strong and memorable brand identity that reflects the values and aspirations of pregnant women, we need to craft a compelling and persuasive brand message that communicates the benefits and essence of the clothing line, as well as develop visual branding to complete the identity. It is our job to ensure that this maternity clothing line stands out and resonates with its target audience..
[Audio] As our customer base grows in Mainland China, Vietnam, and Thailand, it is important to maintain a robust and efficient supply chain to ensure timely delivery of high-quality maternity clothing. We at RedFern Digital have identified reliable manufacturers with expertise in maternity clothing and ethical labor practices, and have implemented strict quality control measures to guarantee the highest levels of product quality. We are also working to streamline our logistics and distribution networks, so that our customers can have their maternity clothing in hand as soon as possible..
[Audio] We are aware at RedFern that promoting our maternity clothing line requires more than just traditional advertisement methods. To make this happen we constructed a marketing strategy that blends digital and offline marketing techniques. Included in this are social media advertising, email campaigns, print advertising, influencer collaborations, partnerships with maternity clinics, pop-up stores, loyalty programs, personalized recommendations, customer reviews, and testimonials. This is done to increase the visibility of our brand, draw in customers, and boost our sales..
[Audio] Exploring the PESTLE framework, let's consider Political Factors such as government regulations on imports and exports and how they could affect supply chain and costs. Economic Factors need to be looked at, including overall economic growth in Asian countries and its impact on consumer purchasing power. Sociocultural Factors involve population demographics and changes in birth rates which shape the target market size. We need to look at Technological Factors as well, including the rise of e-commerce and digital marketing, and the consequent transformation of sales and marketing channels. Finally, we must examine Legal Factors, bearing in mind product safety and quality standards for obtaining consumer trust..
[Audio] When it comes to digital marketing and promotion, localization is essential. It is important to take into account cultural sensitivity, language localization and customer support to have an effective strategy. Every market has its own unique reactions to content due to their culture, thus it is important to adjust the marketing message, product offering and communication channels accordingly. In order for any digital marketing strategy to be effective, this must be considered..
[Audio] Knowledge of product safety and labeling rules is crucial when entering the Asian maternity clothing industry in China. Labor laws and fair trade practices should be studied when entering the market in Vietnam. When exploring the market in Thailand, customs and import/export regulations should be followed to ensure business compliance. Being aware of these regulations and taking them into consideration is important to establish a strong presence in the Asian market..