Is There a Market for Branded Gulf of Mexico Oysters?
Title | Is There a Market for Branded Gulf of Mexico Oysters? PDF eBook |
Author | Daniel R. Petrolia |
Publisher | |
Pages | 0 |
Release | 2018 |
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We administered an online choice experiment to a sample of U.S. raw-oyster consumers to identify factors influencing preferences for Gulf of Mexico oysters, determined the extent of preference heterogeneity, and estimated marginal willingness to pay for specific varieties and other key attributes. Results indicate significant preference heterogeneity among select varieties, with non-Gulf respondents estimated to require a price discount on Gulf oyster varieties on the order of $3-$6/half dozen. Gulf respondents were found to be less sensitive to oyster variety, and estimated to be willing to pay a price premium only for select Gulf varieties on the order of $0-$3/half dozen.
A National Survey of Consumer Preferences for Branded Gulf Oysters and Risk Perceptions of Gulf Seafood
Title | A National Survey of Consumer Preferences for Branded Gulf Oysters and Risk Perceptions of Gulf Seafood PDF eBook |
Author | Daniel R. Petrolia |
Publisher | |
Pages | 0 |
Release | 2014 |
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Three restaurant taste panels and an online consumer survey were conducted during 2012-2013 to assess whether Gulf consumers would be willing to pay a premium for place-name specific (i.e., “branded”) Gulf oysters over typical “generic” Gulf oysters, and whether consumers in other U.S. markets would be willing to pay for branded Gulf oysters compared to other U.S. branded oysters. Panelists in the two Gulf Coast taste panels had strong preferences for local oyster varieties when they were aware of oyster variety names and harvest locations (i.e., during labeled rounds). In the absence this information (i.e., during blind rounds), panelists had no such preferences, and in the case of the Houston taste panel, actually had a significant distaste for the local Galveston Bay variety. Panelists in the Chicago taste panel had strong preferences for the Island Creek oyster, in both the blinded and labeled rounds, although during the labeled rounds, the Point aux Pins oysters fared equally well (statistically) to the Island Creeks. Additionally, during the labeled rounds, the Apalachicola Bay and Point aux Pins oysters were statistically more likely to be chosen over the San Antonio Bay oysters. Respondents to the online survey tended to have higher perceptions of quality and seafood safety regarding their own regionally-produced oysters relative to oysters from other regions. There was limited variation in perceptions from one Gulf Coast variety to another, with the exception of the Apalachicola Bay variety being rated higher in several cases, and the more general “Gulf of Mexico” category being rated lower. Online survey results indicate that, consumers living in eastern Gulf states such as Georgia and Florida may be willing to pay a premium for branded Gulf oysters, particularly oysters from Florida and Louisiana. Gulf consumers living in Alabama, Mississippi, Louisiana, and Texas, however, did not show any strong preferences for branded oysters relative to cheaper generic ones. Among non-Gulf consumers, survey results indicate that while a price discount may be needed to sell branded Gulf oysters relative to local oysters (i.e., relative to, say, East Coast oysters in East Coast markets), that Gulf oysters generally fared no worse than other non-local oysters (i.e., West Coast oysters in East Coast markets). Of the Gulf oysters tested, Atlantic Coast respondents appear to prefer Louisiana oysters. Pacific Coast respondents appear to be indifferent between most Atlantic Coast and Gulf Coast varieties. Also, it appears that relatively few respondents were concerned about the Deepwater Horizon oil spill when answering questions about oysters, although these concerns did affect preferences for Gulf Coast oysters negatively in some cases. Less than 1% of all respondents indicated any concern regarding Vibrio vulnificus, bacteria, or similar. However, such concerns, though not cited explicitly, may yet be latent in the reported perceptions of oysters from various Gulf Coast locations. These results would indicate that there is some room for opportunity for branded Gulf Coast oysters along these other two coasts in places where other non-local oysters are marketed successfully. The major challenge appears to be whether the price discount necessary to entice consumers in these other markets to buy Gulf Coast oysters relative to local varieties is yet sufficiently high as to remain a profitable enterprise for Gulf Coast producers. The price discounts estimated here in the range of $5-$10 per half-dozen sounds like a steep discount, but given the large differential in retail prices in Atlantic and Pacific markets - where oysters retail anywhere from $15 to $25 per half-dozen - compared to Gulf Coast markets - where they retail in the neighborhood of $7 to $10 - it is possible that even with the discounts, the prices received in these alternative markets may remain profitable.
Effect of Branding Gulf Oysters on Consumer's Willingness to Pay
Title | Effect of Branding Gulf Oysters on Consumer's Willingness to Pay PDF eBook |
Author | Sarah Acquah |
Publisher | |
Pages | 117 |
Release | 2014 |
Genre | |
ISBN |
Within the East coast and West Coast oyster market, oysters are generally marketed using product attributes and brand name. However the Gulf oyster market does not involve branding. Using choice experiment method and online survey data, the study estimated the effect of branding Gulf oysters on Gulf and Non-Gulf consumers' willingness to pay. Alternative-specific conditional logit, Nested logit and Alternative-specific multinomial probit methods of analysis were used to investigate the Independence of Irrelevant Alternative assumption made about consumers. Pooled and scaled models were used to analyze the identified data categories from which consumers were found to share the same oyster preferences. The results found that consumers on the average were willing to pay more for the oysters harvested from their own region relative to those harvested from outside their region. They were willing to pay a less for oysters harvested outside their region.
Fishery Market News
Title | Fishery Market News PDF eBook |
Author | |
Publisher | |
Pages | 788 |
Release | 1942 |
Genre | Fisheries |
ISBN |
American Feed and Grain Dealer
Title | American Feed and Grain Dealer PDF eBook |
Author | |
Publisher | |
Pages | 502 |
Release | 1924 |
Genre | Feeds |
ISBN |
The Fisheries and Fishery Industries of the United States
Title | The Fisheries and Fishery Industries of the United States PDF eBook |
Author | George Brown Goode |
Publisher | |
Pages | 912 |
Release | 1887 |
Genre | Fisheries |
ISBN |
The Oyster Industry
Title | The Oyster Industry PDF eBook |
Author | Ernest Ingersoll |
Publisher | |
Pages | 306 |
Release | 1881 |
Genre | Oyster culture |
ISBN |