Mayochup: A real new sauce or just modified version of fry sauce by Heinz?-Actual Market Research

Mayochup, as the Heinz calls it, a hybrid of mayonnaise and tomato ketchup is expected to be launched by this year end, in order to compete for dominance amid consumers?€™ changing taste buds for table sauces._x000D_
Heinz, the popular ketchup brand, turned to Twitter in April with a poll about a potential product launch, a concept they quoted as novel to American consumers: a pre-made combination of mayonnaise and ketchup. They called it ?€?mayochup?€?. The company has strategically used social media to create a buzz among the people about the product that hasn?€™t been launched yet. The company tweeted: Want #mayochup in stores? 500,000 votes for ?€?yes?€? and we?€™ll release it to you saucy Americans._x000D_
According the report on 'India Mayonnaise and Salad Dressing Market Overview, 2018- 2023' published by Actual Market Research, the India overall market for mayonnaise and salad dressing is anticipated to reach more than INR 750 crores in the year 2022-23. Due to growing trend for international food, availability of large number of variants, rising demand for convenient food and many such factors, the market has grown with a CAGR of more than 20% during review period starting from 2011-12 to 2016-17. There are various types of mayonnaise like classic or plain mayonnaise, garlic mayonnaise, light or diet mayonnaise, mint mayonnaise and other types of mayonnaise like olive oil mayonnaise, tikka mayonnaise, tandoori mayonnaise and Aachari mayonnaise. Moreover, the market is also divided as eggless mayonnaise and mayonnaise with egg._x000D_
The company has asked in its second tweet to name the new sauce. This campaign was designed to encourage user involvement from the beginning. The company started with a simple poll on Twitter, asking whether U.S. consumers were interested in a ketchup-mayonnaise blend. If 500,000 people voted yes, Heinz vowed to make it happen. After the widely polarized response, Heinz tweeted again, challenging fans to develop a name better than ?€?Mayochup.?€?These tweets didn?€™t simply catch users?€™ eyes?€”they made consumers feel like key decision makers in the rollout of the product.There is nothing people love more than feeling like they can affect the outcome of something they are watching in real time.From the visuals to the hashtag, this campaign was easy to understand, remember and share. #Mayochup probably doesn?€™t even need the ?€?mayonnaise + ketchup?€? explanation for most people. The main image of an equation in which a mayonnaise jar plus a ketchup bottle equals #Mayochup visually reinforces this easy explanation._x000D_
Major Companies_x000D_
Major companies that operate into the mayonnaise and salad dressing market in India are Dr. Oetker India Pvt. Ltd. (Funfoods), Cremica Food Industries Limited, FieldFresh Foods Pvt.Ltd. (Del Monte), Veeba Food Services Pvt. Ltd., Bajoria Foods (American Garden), Heinz India Pvt. Ltd., Scandic Food (Sil)_x000D_
Report: India Mayonnaise and Salad Dressing Market Overview, 2018- 2023_x000D_
Base Year: 2016-17, Estimated Year: 2017-18, Forecast Year: 2022-23_x000D_
Pages: 70, Figures: 25, Tables: 11_x000D_