Understanding heterogeneous consumer preferences in Chinese milk markets: A latent class approach
Understanding heterogeneous consumer preferences in Chinese milk markets: A latent class approach
复制标题
了解中国牛奶市场的异质消费者偏好:潜在类别方法
DOI:
10.1111/1477-9552.12327
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发表时间:
2020
影响因子:
3.4
通讯作者:
Jie Xiong
中科院分区:
文献类型:
--
作者:
Xiang Wu;Bin Hu;Jie Xiong
We examine heterogeneous consumer preferences in Chinese milk markets. Using a discrete choice experiment, we examine how the brand, quality certification, traceability label and price influence consumers' milk choices. We identify four consumer segments using a latent class model: price conscious (9.8%), balanced thinking (19.8%), health conscious (57.5%), and environment conscious (12.9%) consumers. These four segments have distinct preferences: price conscious consumers prefer green certification; balanced thinking consumers have the highest willingness to pay for traceability labels; health conscious consumers have strong brand awareness; and environment conscious consumers prefer organic certification and traceability labels and use price as a quality signal. Such diversity of consumer preference can be explained by four psychological factors: price consciousness, food safety concerns, health consciousness and environmental concerns.