WP4: Product and consumer trends
WP4 will analyse the impact of consumer behaviour, market trends, innovation and product development in the seafood market. Work undertaken will be carried out in close co-operation with industry partners and key stakeholders. As a first step, micro-economic tools will be used to analyse how factors such as income, own prices and prices of substitute goods affect the demand for the chosen species. For this purpose, complete and/or partial systems of demand will be estimated. Results will highlight fish consumption within the consumers' diets, depending on country and types of consumers and will be used to simulate the effects of various price policies. In a second stage, past and current consumer preference trends will be analysed and the acceptability of fish products examined by looking at consumption in local, niche and global markets. The specific area of demand stimulation or manipulation through health, label and certification claims on one hand and negative press reports on the other hand will be analysed quantitatively where possible and compared with consumer acceptability of products using Conjoint Analysis. Finally, a database of successes and failures in product development and consumer behaviour will be used as a background material for trend research, yielding insights into product innovation and which product characteristics best fit consumers’ preferences. The outcome of the WP will be an overview of current and future trends and consumer behaviour in local, European and international seafood markets (SO4).
|Expected Results||User||How is it used||How made available|
|Description of trends and consumer behavior in locally, EU and global seafood markets.||Fishermen, processors, sales, marketing and distribution professionals.||A base for development of simulation- and forecasting models in WP5.||Summarizing the knowledge created and communication PrimeFish activities in the Website, Poster, flyers, Fact pages, infographics.|
The Work package Objectives are:
- To analyse the impact of consumer behaviour, market trends, innovation and product development in the seafoodmarket.
- To identify the recent trends in the fish/seafood consuming motivations and patterns in the main markets of Europe,using on one hand full range consumer studies and on the other, case studies of farmed and capture fish (salmon, trout, seabass, seabream, herring and cod).