Market Segmentation Analysis of Preferences for GM Derived Animal Foods in the UK

Andreas Kontoleon and Yabe Mitsuyasu
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Yabe Mitsuyasu: Department of Agricultural and Resource Economics, Faculty of Agriculture, Kyushu University, Japan

Journal of Agricultural & Food Industrial Organization, 2006, vol. 4, issue 1, 38

Abstract: This paper undertakes a detailed market segmentation analysis of the demand for GM derived animal foods in the UK with the aim of illustrating how this analysis can provide distinct information that can assists in evaluating the welfare impacts of proposed changes to the EU's GM labelling policy. The specific modelling approach employed was the latent segment (LS) model which allows for the simultaneous determination and explanation of both segment membership and product choice. Based on psychometric and demographic variables as well as choice data, the LS model was able to identify three distinct and behaviourally consistent consumer segments. Further, the LS model was found to outperform alternative econometric approaches for accounting for preference heterogeneity. Finally, our analysis shows how it can yield distinct information over the segmented nature of the food market that can uniquely assist both European policy makers in designing GM labelling regimes and public awareness campaigns as well as the agricultural and food industry in developing pricing, marketing and new product development strategies.

Keywords: genetically modified foods; labelling; segmentation analysis; latent class models; preference heterogeneity; choice experiments; factor analysis (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (12)

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DOI: 10.2202/1542-0485.1150

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