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The Price of Health – The Consumption and Purchasing Patterns of Foods with Special Attention to Price
3-16Views:172The economic events of recent years (war, the COVID epidemic) have had a significant impact on our daily life, including our consumer and shopping habits. The main aim of this research is to examine how food consumption and purchasing habits have changed in response to price changes, particularly for foods perceived to be healthy. Two focus group surveys were conducted to explore consumer habits on this topic. The period covered by the research was the consumer prices in April 2022 and April 2023. Our research explored general food purchasing habits and consumer motivations. We examined the extent to which products that participants perceived as healthy were purchased online, and the impact of price changes on the demand for health-conscious foods and on consumers' brand loyalty. We also looked at the online price monitoring system, where we mapped consumer adoption and the consumer benefits that the system provided. One of our key achievements is to identify a growing consumer awareness, with more and more people choosing quality, expertise and choice over convenience and price. The types of consumer responses identified in the EUROPA.EU research was in terms of products perceived as healthy in the wake of the price rise, although the proportions have shifted significantly; many are looking for alternatives, seeking substitutes for products; and fewer are the concern-averse, loyal consumers and the well-off but not engaged. Price sensitivity is increasing as a result of recent sustained price rises, with a small proportion of people who are not concerned. There is also a low proportion of emotional comfort seekers, a group largely confined to high-income consumers. For those who are not aware of the price of products, there is no change in brand loyalty and no brand abandonment, but for those who are price-aware, there is a tendency to switch between brands.
JEL-CODES: I12, M31, M38
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What sort of Carrier Food Should Be Enhanced by Functional Food Producers? – A Continuation of a Scientific Debate in Hungary
35-48Views:166The basis of our study was provided by the question previously discussed in literature: whether functional food producers should enrich unhealthy or healthy carriers. Most of the previous studies reached the conclusion that such foods can be the carriers of successful functional foods that are perceived as healthy by themselves, such as yoghurt, cereals, orange juice and whole grain products. According to some authors, however, carriers that are perceived as healthy are not worth improving functionally, because they are perceived as healthy by themselves, so consumers did not find artificial enrichment necessary. The main objective of the study was to find out that the enrichment of which foods would be the most justified for food companies in Hungary. In our online questionnaire reaching 2034 respondents we built on the methodology of previous studies. As part of the questionnaire, based on conjoint cards, we created different mini-concepts to study the respondents’ willingness to buy them. For Hungarian customers, based on the respondents’ answers, the enrichment of “healthy foods”– aligning with the findings of several other researchers – generally makes the judgment of the product even more favourable, however, we also agree with the findings of researchers arguing differently, namely that in the case of an unhealthy product enrichment can cause a bigger change in how healthy it is perceived. But in the case when a functional food developer wants to sell their product with its healthy image, it is a better choice to enrich a carrier that is perceived as healthy, because the purchase intention for the product created by enriching something “unhealthy” is not going to be as high as the purchase intention for the non-enriched product seen as healthy.
JEL code: I15