Open AccessPreference for olive oil consumption in the Spanish local market
Author(s) -
Rodolfo Bernabéu Cañete,
Mónica Díaz
Publication year - 2016
Publication title -
spanish journal of agricultural research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.337
H-Index - 36
eISSN - 2171-9292
pISSN - 1695-971X
DOI - 10.5424/sjar/2016144-10200
Subject(s) - olive oil , business , market segmentation , consumption (sociology) , product (mathematics) , preference , production (economics) , marketing , market share , agricultural science , agricultural economics , economics , mathematics , food science , microeconomics , environmental science , social science , chemistry , geometry , sociology
It is becoming ever more important for the olive oil industry in Spain to adopt a business strategy based on client orientation. In this sense, the objective of this paper is to identify the preferences of olive oil consumers and propose a series of business strategies for the producing sector. The methodology consisted in a survey of 404 olive oil consumers during the months of January and February 2013, whose preferences were determined through several multivariate techniques (conjoint analysis, consumer segmentation and a simulation of market share). The preferred olive oil is low priced, extra virgin and organic. The type of bottle does not appear to be relevant in the buying decision process, although it might be a factor in increasing market share. The current economic crisis has resulted in the emergence of two consumer segments; 67.1% of consumers selected the olive oil they buy on the basis of price and 32.9% were guided by the product’s specific attributes, which include, for example, organic production, which can be another differentiating element for producing companies