Paying to see a bug on my food How regulations and information can hamper radical innovations in the European Union

Purpose - The purpose of this paper is to examine the role of the European Novel Food Regulation (ENFR) on consumers' acceptance of and willingness to pay (WTP) for radical food innovations. The research question is focussed on determining whether the ENFR is hampering the market potential of insect-based food products in the European Union (EU). The authors position this question within the domain of regulatory barriers related to food innovations. Design/methodology/approach - Using a choice experiment, the authors assess the presence and relevance of these failures through the analysis of consumers' acceptance and WTP for insect-based food products with different product attributes directly imposed by the ENFR. Namely, the authors assess the effect of the visualization of insects in the product, the use of logo, and nutritional information. Findings - The results show that consumers prefer and are willing to pay a premium price for insect-based products with a nutritional health claim and logo, but they are not willing to pay for a product with a visualized insect. Originality/value - This paper highlights the risk of regulatory failures for novel foods in the EU, such as insect-based food products due to the ENFR.