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Examining consumers' willingness to pay premium price for organic food

Business

Examining consumers' willingness to pay premium price for organic food

T. Hu, A. A. Mamun, et al.

Discover the intriguing factors that drive organic food consumption and the willingness to pay premium prices among young consumers in China. This research, conducted by Tong Hu, Abdullah Al Mamun, Mohammad Nurul Hassan Reza, Mengling Wu, and Qing Yang, reveals how environmental concerns and health consciousness play a pivotal role in shaping attitudes and consumption intentions within the organic food market.

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Playback language: English
Abstract
This study investigates the factors influencing organic food consumption and willingness to pay premium prices in China. Using an extended attitudinal behavior-scenario model based on Signaling theory, and data from 451 young Chinese consumers, partial least squares structural equation modeling reveals that environmental concern, environmental values, value perception, price sensitivity, and green promotion significantly affect attitudes toward organic food. Health consciousness, value perception, price sensitivity, and green promotion positively influence consumption intention. Consumer attitude and intention significantly impact willingness to pay premium prices. The study provides valuable guidance for policymakers and producers in expanding the organic food market.
Publisher
HUMANITIES AND SOCIAL SCIENCES COMMUNICATIONS
Published On
Sep 20, 2024
Authors
Tong Hu, Abdullah Al Mamun, Mohammad Nurul Hassan Reza, Mengling Wu, Qing Yang
Tags
organic food
consumption
willingness to pay
environmental concern
health consciousness
young consumers
China
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