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Comparing generational preferences for individual components of sustainability schemes in the Californian wine market

journal contribution
posted on 2024-06-21, 03:53 authored by Peter Tait, Caroline Saunders, Paul Dalziel, Paul Rutherford, Timothy Driver
Millennials are the largest demographic segment in the USA and have gained market share of high-frequency wine drinkers while Baby Boomers and Gen-X generations share has fallen. This demographic evolution focuses attention on understanding Millennial wine drinkers' preferences. At the same time the wine industry has seen significant establishment of sustainable certification systems as preferences for sustainability have developed and been recognized as an avenue for product diversification. This paper reports on a discrete choice experiment with the objective of comparing generational preferences for individual components of sustainability schemes active in the Californian Sauvignon Blanc market. We find significant attribute preference differences over age cohorts. Millennial consumers are willing to pay significantly more for sustainability attributes than both Gen-X and Baby Boomers. While Baby Boomers place more emphasis on country-of-origin attributes than either Gen-X or Millennials.

Funding

Funded by the New Zealand Ministry for Business, Innovation and Employment's Our Land and Water National Science Challenge (Toitū te Whenua, Toiora te Wai) as part of project Rewarding Sustainable Practices|Integrating Value Chains

History

Publication date

2019-09-07

Language

  • English

Does this contain Māori information or data?

  • No

Journal title

Applied Economics Letters

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