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An Analysis on Consumer Preference of Ayurvedic Products in Indian Market

Author

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  • Richa Misra

    (Jaipuria Institute of Management, Noida, India)

  • Sonali Singh

    (Jaipuria Institute of Management, Noida, India)

  • Renuka Mahajan

    (Jaipuria Institute of Management, Noida, India)

Abstract

With the growing awareness of lifestyle diseases and risk related to chemical-based products, there has been an increasing interest in green/natural products. The purpose of this study is to analyze the recent surge in the growth rate of Ayurved Market and to explore factors that are driving or inhibiting the said pattern. The study will use descriptive statistics and exploratory factor analysis to understand the factor influencing the consumer perception of Ayurvedic products. The study will also investigate the relation between the demographic factors and preference for Ayurvedic products. The study identifies the factors which influence the brand preferences and to know how these factors are further influenced by demographics. The result of the study indicates that the factors of trust and satisfaction have positive and significant impact on the brand preferences, whereas price has negative but insignificant influence on brand preferences. This study is an attempt to understand the role of Ayurved in food science as well as medical science.

Suggested Citation

  • Richa Misra & Sonali Singh & Renuka Mahajan, 2020. "An Analysis on Consumer Preference of Ayurvedic Products in Indian Market," International Journal of Asian Business and Information Management (IJABIM), IGI Global, vol. 11(4), pages 1-15, October.
    • Handle: RePEc:igg:jabim0:v:11:y:2020:i:4:p:1-15
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    Cited by:

    1. Elizabeth Emperatriz García-Salirrosas & Dany Yudet Millones-Liza & Jorge Alberto Esponda-Pérez & Ángel Acevedo-Duque & Jessica Müller-Pérez & Lisette C. Sánchez Díaz, 2022. "Factors Influencing Loyalty to Health Food Brands: An Analysis from the Value Perceived by the Peruvian Consumer," Sustainability, MDPI, vol. 14(17), pages 1-16, August.
    2. Chakraborty, Debarun & Siddiqui, Aaliyah & Siddiqui, Mujahid & Mohmmad H Alatawi, Fatmah, 2022. "Exploring consumer purchase intentions and behavior of buying ayurveda products using SOBC framework," Journal of Retailing and Consumer Services, Elsevier, vol. 65(C).

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