In this assessment we will discuss about consumer behaviour & joint value creation and below are the summaries point:-
Factors influencing organic food consumption: Consumers are driven by factors such as starting a healthier lifestyle, being environmentally friendly, and considering the price when deciding to consume organic foods. Consumer perception of organics varies from country to country.
Environmental and health concerns: People and countries are increasingly focused on being environmentally, socially, and economically conscious. Some countries, like Sri Lanka, are making efforts to go green by promoting organic food production. Consumers in Greece prioritize freshness, appearance, human health, animal welfare, and the environment, and are willing to pay a premium of 40% for organic foods.
Barriers to organic food consumption: The limited availability of organic foods in the market, trust issues with organic food labeling, lack of marketing, and the higher price compared to conventional foods are some of the reasons why consumers may choose not to consume organic foods.