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DFJ Vinhos: Wines in China, A promising but difficult market

DFJ Vinhos: Wines in China, A promising but difficult market

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consumers value the country as a criteria of choice;<br />

- W<strong>in</strong>e with a good image: Sophistication and status is major for imported w<strong>in</strong>es<br />

(61%-63% value appearance and 77%to 79% have as criteria of choice the read<strong>in</strong>g<br />

of the counter label).<br />

Where<br />

- Ma<strong>in</strong>ly 1 st tier cities (45% <strong>in</strong> Shanghai consider<strong>in</strong>g the 4 studied cities)<br />

- Consumption grow<strong>in</strong>g trend <strong>in</strong> the 2 nd and 3 rd tier cities<br />

- Out of home (restaurants, bars, and hotels): emergent consume <strong>in</strong> Horeca <strong>market</strong><br />

- F<strong>in</strong>e w<strong>in</strong>e boutiques<br />

When<br />

- F<strong>in</strong>e events dur<strong>in</strong>g the year<br />

- Ch<strong>in</strong>ese New Year’s Eve<br />

Why<br />

- Large social importance, represent<strong>in</strong>g status and sophistication, grow<strong>in</strong>g middle<br />

class which is will<strong>in</strong>g to try new imported products<br />

How Formal and Social Environment [Exhibit 8]<br />

Who<br />

- Middle and upper class<br />

- 63% of the consumption of w<strong>in</strong>e is done by men<br />

- Young consumer, 60% under 34<br />

5) Illustrate the factors with greater impact on consumer behavior, mention<strong>in</strong>g: cultural<br />

factors, social factors, personal factors, and psychological factors.<br />

<br />

Cultural (Culture, subculture and social class)<br />

Undoubtedly Ch<strong>in</strong>a is a huge consum<strong>in</strong>g <strong>market</strong>, though, cultural knowledge and a huge<br />

preparation is required before approach<strong>in</strong>g this complex <strong>market</strong>. The <strong>in</strong>correct procedure can<br />

represent a huge failure.<br />

46

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