Contextualizing hard cider flavor language and market position
Clinton L. Neill,
Jacob Lahne,
Martha Calvert and
Leah Hamilton
Journal of Wine Economics, 2024, vol. 19, issue 3, 265-284
Abstract:
This paper investigates the market position of hard cider within the broader alcoholic beverage market. The first experiment identifies two distinct consumer segments—around 40% prioritize flavor attributes, while 53% prefer production information. The second experiment utilizes a basket- and expenditure-based choice experiment and a multiple discrete choice extreme value model to assess hard cider's standing among commonly consumed alcoholic beverages. Results reveal that hard cider is perceived as a complement to red and white wine but is independent from beer. The study suggests marketing hard cider in conjunction with white wine to capitalize on observed complementarity. Emphasizing the importance of addressing both consumer segments—those valuing flavor notes and those prioritizing production information—the research offers valuable insights for optimizing hard cider market strategies.
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jwecon:v:19:y:2024:i:3:p:265-284_3
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