Previously we saw the SWOT analysis of Bodycare, today let’s look at Nivea’s SWOT analysis. You may have heard about NIVEA or have used either cream, moisturizer, or any other product from this brand at least once as it is one of the most popular and highly reliable skincare brands all over the world. Many young women use Nivea cream daily.
Just as healthy skin requires the proper care to flourish, a strong brand like Nivea requires a marketing plan and serious efforts to reach out to the customers. Its unique formulation, appealing looks, constant research, the addition of new products and rightly switching to digital marketing have made NIVEA a very successful brand today.
To understand the reasons for Nivea’s continuous growth and the popularity the brand has received, we should understand its SWOT analysis, which is required for any business to survive and expand its reach in the market.
Before we go into Nivea’s SWOT analysis, let’s explore more about the brand, by knowing about its initial phase, financial position, products, and close competitors.