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Research on the Impact of Public Welfare Marketing Effect on Consumer Brand Loyalty in Fast-Moving Consumer Goods (FMCG) Enterprises

In: Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024)

Author

Listed:
  • Qiang Li

    (Shanghai Technical Institute of Electronics & Information, School of Economics and Management)

  • Zhihong Ben

    (Shanghai Technical Institute of Electronics & Information, School of Economics and Management)

Abstract

With the surge in the development of public welfare, various industries have been adopting diverse marketing strategies, with enterprises increasingly aligning with public welfare marketing. In the production sector, as the brand concentration in FMCG enterprises continues to rise and the advantages of best-selling brands gradually expand, these enterprises are accumulating their brand image through public welfare marketing strategies. Compared to other enterprises that have not engaged in public welfare marketing, FMCG enterprises that implement such strategies tend to have a higher degree of consumer brand loyalty. As a special form of marketing, studying the effect of public welfare marketing on consumer brand loyalty has significant theoretical and practical implications. This study integrates marketing theories to analyze and research the public welfare marketing strategies of FMCG enterprises. By reviewing various literature, hypotheses are constructed regarding the relationship between dependent and independent variables. A questionnaire survey method is employed to investigate the factors influencing consumers in some domestic FMCG enterprises that implement public welfare marketing. Through the analysis of the survey results, it is found that consumer motivation perception, enterprise reliability, brand marketing promotion, brand involvement, public welfare matching degree, and consumer purchase intention and brand loyalty have a positive impact. For FMCG enterprises, public welfare marketing is more conducive to fostering consumer brand loyalty as a marketing approach. As producers of products used daily by consumers, FMCG enterprises should focus on improving product quality, enhancing service quality, and building consumer brand loyalty as the direction for future development.

Suggested Citation

  • Qiang Li & Zhihong Ben, 2024. "Research on the Impact of Public Welfare Marketing Effect on Consumer Brand Loyalty in Fast-Moving Consumer Goods (FMCG) Enterprises," Advances in Economics, Business and Management Research, in: Kun Zhang & Hang Luo & Hongbo Li & Azlina Binti Md Yassin (ed.), Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024), pages 224-239, Springer.
  • Handle: RePEc:spr:advbcp:978-94-6463-548-5_25
    DOI: 10.2991/978-94-6463-548-5_25
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