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Published on: June 21, 2019
Consumers' Preferences and Willingness to Pay for Personalised Nutrition
Daniel Pérez-Troncoso1, David M Epstein2, José A Castañeda-García3
1Department of Applied Economics, University of Granada, Granada, Spain. danielperez@ugr.es.
Personalised nutrition (PN) offers disease prevention benefits, but user willingness to pay varies. Understanding these perceptions is key for effective PN service design and delivery.
Area of Science:
- Nutritional Science
- Behavioral Economics
- Public Health
Background:
- Personalised nutrition (PN) holds significant potential for disease prevention, especially when integrated with mobile technology.
- User adoption is crucial for the success of PN interventions, necessitating an understanding of perceived value.
- Heterogeneity in user perceptions of PN value requires investigation to guide intervention strategies.
Purpose of the Study:
- To investigate factors influencing potential users' perceived value of personalised nutrition.
- To identify different user segments based on their willingness to engage with PN services.
- To inform the design and targeting of effective PN interventions.
Main Methods:
- A discrete choice experiment was conducted with a representative sample (N=429) of the adult population in Spain.
- Analysis employed McFadden's Random Utility Theory, utilizing conditional, mixed, and latent class logit models.
- Data analysis focused on preference and willingness to pay for varying levels of PN personalization.
Main Results:
- Significant preference and willingness to pay for PN were identified, though the impact of high personalization was moderate.
- Latent class analysis revealed four distinct user segments: willing to pay, requiring subsidy, basic service users, and unwilling to engage.
- Over half of adults perceive individual benefits from high levels of PN.
Conclusions:
- Findings suggest a notable perceived individual benefit in high levels of PN among adults.
- The identified user segments provide valuable insights for tailoring PN service offerings.
- Results support potential public subsidy for PN investment and delivery, given perceived benefits.
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