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Market Analytics of the rice wine market in Japan: An exploratory study

Market Analytics of the rice wine market in Japan: An exploratory study
Market Analytics of the rice wine market in Japan: An exploratory study
Purpose: The purpose of this paper is to analyse consumer buying behaviour in the Japanese rice wine, also known as sake, market.
Design/methodology/approach: The study applies a novel qualitative and quantitative analytical methodology to an off-license channel in Japan. The methodology involves the use of anchoring-and-adjustment theory and simulation to a large set of point of sale data. The selection of the brands used for the study are more than 230 brands and more than 150 sake breweries.
Findings: Age and gender are important factors determining recurrent patterns of purchasing behaviour. Small size packaging, e.g. one cup, has the highest volume in sales, e.g. convenience shopping, but it depends on exogenous factors, e.g. summer season or festive events.
Research limitations/implications: Limitations are related with the lack of specific personal data from consumers that impedes to test behavioural attitudes driving loyalty to brands. Anchoring-and-adjustment theory can be a valid approach to evaluate large longitudinal data sets of purchasing behaviour.
Practical implications: Results indicate that fragmented markets tend to over-expand the assortment affecting volume stability. However, this dynamics is difficult to avoid when all participants are engaged in this behaviour and market is strongly segmented by age and gender.
Originality/value: The paper contributes to the body of knowledge of buyer behaviour in relation to purchasing and consumption for other types of wine. It is the first application in alcoholic beverages of anchor-and-adjustment theory.
Kunc, Martin
0b254052-f9f5-49f9-ac0b-148c257ba412
Kunc, Martin
0b254052-f9f5-49f9-ac0b-148c257ba412

Kunc, Martin (2019) Market Analytics of the rice wine market in Japan: An exploratory study. International Journal of Wine Business Research. (In Press)

Record type: Article

Abstract

Purpose: The purpose of this paper is to analyse consumer buying behaviour in the Japanese rice wine, also known as sake, market.
Design/methodology/approach: The study applies a novel qualitative and quantitative analytical methodology to an off-license channel in Japan. The methodology involves the use of anchoring-and-adjustment theory and simulation to a large set of point of sale data. The selection of the brands used for the study are more than 230 brands and more than 150 sake breweries.
Findings: Age and gender are important factors determining recurrent patterns of purchasing behaviour. Small size packaging, e.g. one cup, has the highest volume in sales, e.g. convenience shopping, but it depends on exogenous factors, e.g. summer season or festive events.
Research limitations/implications: Limitations are related with the lack of specific personal data from consumers that impedes to test behavioural attitudes driving loyalty to brands. Anchoring-and-adjustment theory can be a valid approach to evaluate large longitudinal data sets of purchasing behaviour.
Practical implications: Results indicate that fragmented markets tend to over-expand the assortment affecting volume stability. However, this dynamics is difficult to avoid when all participants are engaged in this behaviour and market is strongly segmented by age and gender.
Originality/value: The paper contributes to the body of knowledge of buyer behaviour in relation to purchasing and consumption for other types of wine. It is the first application in alcoholic beverages of anchor-and-adjustment theory.

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Accepted/In Press date: 19 March 2019

Identifiers

Local EPrints ID: 429971
URI: https://eprints.soton.ac.uk/id/eprint/429971
PURE UUID: 2e971f7c-290a-4f75-b0db-aa65b69e4606

Catalogue record

Date deposited: 09 Apr 2019 16:30
Last modified: 09 Apr 2019 16:30

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