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http://dx.doi.org/10.7318/KJFC/2018.33.6.523

Technological Commercialization Strategy based on Consumer Preference Analysis of Low-sodium Instant noodle Ramen  

Oh, Sang Ho (Convergence Technology & Management Engineering, Graduate school, Yonsei University)
Leem, Choon Seong (Department of Industrial Engineering, College of Engineering, Yonsei University)
Publication Information
Journal of the Korean Society of Food Culture / v.33, no.6, 2018 , pp. 523-530 More about this Journal
Abstract
The purpose of this study was to develop a technology commercialization strategy by analyzing the consumer preference for low-sodium instant noodle ramen, which has a sodium content of 1,730 mg or less. For the commercialization of such low-sodium ramen, this study examined how much consumers would pay through an analysis of consumer preference by conjoint analysis. This study surveyed 1,004 men and women in their 20 s and 50 s between the ages of 20 and 50 years in Korea using an online survey. If the price of conventional instant noodle ramen is KRW 4,000 (approximately USD 3.57) per 5 packs for one pack of 5 servings in a supermarket, this study surveyed how much more they respondents would pay if the sodium was reduced by 10.0, 20.0, and 30.0%. The study found that if sodium was reduced by 10.0, 20.0, and 30.0%, the respondents would pay as much as KRW 4,180, KRW 4,307, and KRW 4,515, respectively. The attributes of low-sodium instant noodle ramen were examined according to the degree of sodium reduction, vegetable protein ingredients, brand, where to buy and price with each level. The Marginal Willingness To Pay (MWTP) was analyzed as follows. If the sodium content of ramen soup is reduced by 1.0%, the amount that can be paid would be KRW 105.78. Respondents could pay KRW 1,673 more for famous brand ramen than an unknown brand ramen. The study results indicated that when a new product is developed and released, it can be expected to increase sales of the new product by understanding the foreseeable value that consumers could pay for and realize the technological commercialization of the technology.
Keywords
Technological commercialization strategy; conjoint; low-sodium; instant noodle ramen; consumer attitude analysis; willing to pay;
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Times Cited By KSCI : 2  (Citation Analysis)
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