Consumers wine preferences according to purchase occasion: Personal consumption and gift-giving
•Consumers value brand and designation of origin for their personal consumption.•Consumers’ value organic status and brand in a gift-giving scenario.•Demand for wine is less reactive to price changes in a gift-giving scenario.•We found three groups of consumers: brand follower, organic supporter, an...
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Published in | Food quality and preference Vol. 71; pp. 270 - 278 |
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Main Authors | , , , |
Format | Journal Article |
Language | English |
Published |
Elsevier Ltd
01.01.2019
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Abstract | •Consumers value brand and designation of origin for their personal consumption.•Consumers’ value organic status and brand in a gift-giving scenario.•Demand for wine is less reactive to price changes in a gift-giving scenario.•We found three groups of consumers: brand follower, organic supporter, and unyielding.
We tested the hypothesis that individuals may act differently when buying a bottle of wine for themselves than they do when buying wine as a gift. Using a between-subject design, we estimated the differences in consumer preference for these two occasions. We conducted a choice experiment on 618 Italian wine consumers and included the attributes of price, geographical indication (i.e. IGT, DOC, or DOCG), organic claim, and brand (i.e. famous producer or a non-famous producer). By applying an error component random parameters logit model, we detected relevant differences between the two scenarios in terms of the relative importance of the studied attributes. The gift-giving scenario was further investigated using a latent class model, which identified three segments of consumers; we profiled these according to personal attitudes and wine knowledge. Our results show a relevant heterogeneity among consumers’ preferences for the gift-giving scenario, with geographical indication having a low impact and brand and organic claim playing a pivotal role. This study provides relevant insights for winemakers and retailers regarding diversifying marketing strategies. |
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AbstractList | •Consumers value brand and designation of origin for their personal consumption.•Consumers’ value organic status and brand in a gift-giving scenario.•Demand for wine is less reactive to price changes in a gift-giving scenario.•We found three groups of consumers: brand follower, organic supporter, and unyielding.
We tested the hypothesis that individuals may act differently when buying a bottle of wine for themselves than they do when buying wine as a gift. Using a between-subject design, we estimated the differences in consumer preference for these two occasions. We conducted a choice experiment on 618 Italian wine consumers and included the attributes of price, geographical indication (i.e. IGT, DOC, or DOCG), organic claim, and brand (i.e. famous producer or a non-famous producer). By applying an error component random parameters logit model, we detected relevant differences between the two scenarios in terms of the relative importance of the studied attributes. The gift-giving scenario was further investigated using a latent class model, which identified three segments of consumers; we profiled these according to personal attitudes and wine knowledge. Our results show a relevant heterogeneity among consumers’ preferences for the gift-giving scenario, with geographical indication having a low impact and brand and organic claim playing a pivotal role. This study provides relevant insights for winemakers and retailers regarding diversifying marketing strategies. We tested the hypothesis that individuals may act differently when buying a bottle of wine for themselves than they do when buying wine as a gift. Using a between-subject design, we estimated the differences in consumer preference for these two occasions. We conducted a choice experiment on 618 Italian wine consumers and included the attributes of price, geographical indication (i.e. IGT, DOC, or DOCG), organic claim, and brand (i.e. famous producer or a non-famous producer). By applying an error component random parameters logit model, we detected relevant differences between the two scenarios in terms of the relative importance of the studied attributes. The gift-giving scenario was further investigated using a latent class model, which identified three segments of consumers; we profiled these according to personal attitudes and wine knowledge. Our results show a relevant heterogeneity among consumers’ preferences for the gift-giving scenario, with geographical indication having a low impact and brand and organic claim playing a pivotal role. This study provides relevant insights for winemakers and retailers regarding diversifying marketing strategies. |
Author | Boncinelli, Fabio Marone, Enrico Dominici, Andrea Gerini, Francesca |
Author_xml | – sequence: 1 givenname: Fabio orcidid: 0000-0003-2049-6720 surname: Boncinelli fullname: Boncinelli, Fabio – sequence: 2 givenname: Andrea orcidid: 0000-0002-6701-0858 surname: Dominici fullname: Dominici, Andrea email: andrea.dominici@unifi.it – sequence: 3 givenname: Francesca surname: Gerini fullname: Gerini, Francesca – sequence: 4 givenname: Enrico surname: Marone fullname: Marone, Enrico |
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Keywords | Organic wine Inferred valuation Gift giving Latent class model |
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Snippet | •Consumers value brand and designation of origin for their personal consumption.•Consumers’ value organic status and brand in a gift-giving scenario.•Demand... We tested the hypothesis that individuals may act differently when buying a bottle of wine for themselves than they do when buying wine as a gift. Using a... |
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SubjectTerms | attitudes and opinions consumer preferences Gift giving Inferred valuation Latent class model logit analysis marketing strategies Organic wine prices protected designation of origin purchasing wines |
Title | Consumers wine preferences according to purchase occasion: Personal consumption and gift-giving |
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