Ethical Appetite: Consumer Preferences and Price Premiums for Animal Welfare-Friendly Food Products
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arXiv
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| Hauptverfasser: | , , , |
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| Format: | Preprint |
| Veröffentlicht: |
2025
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| _version_ | 1866912363500797952 |
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| author | Nakavachara, Voraprapa Thongtai, Chanon Chalidabhongse, Thanarat Pharino, Chanathip |
| author_facet | Nakavachara, Voraprapa Thongtai, Chanon Chalidabhongse, Thanarat Pharino, Chanathip |
| contents | This study examines how consumer attitudes toward animal welfare influence food selection and pricing using real-world market data from a Swiss supermarket. Our findings indicate that higher animal welfare standards are consistently associated with higher prices, suggesting that ethical considerations play a significant role in generating price premiums based on consumer preferences. On average, a one-point increase in the animal welfare score (ranging from 1 to 5, with 5 being the highest) corresponds to a 16.4% price increase, with the effect being most pronounced in Dairy & Eggs (25.3%), compared to Meat & Fish (14.3%). These results highlight the psychological and behavioral factors underlying consumer preferences for ethically produced foods. Additionally, we find limited evidence of a price premium for climate-friendly food products, observed only in Yogurts & Desserts, a subcategory within Dairy & Eggs. Our findings contribute to the understanding of how ethical food attributes influence consumer decision-making and pricing in retail settings. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2505_04042 |
| institution | arXiv |
| publishDate | 2025 |
| record_format | arxiv |
| spellingShingle | Ethical Appetite: Consumer Preferences and Price Premiums for Animal Welfare-Friendly Food Products Nakavachara, Voraprapa Thongtai, Chanon Chalidabhongse, Thanarat Pharino, Chanathip General Economics Economics This study examines how consumer attitudes toward animal welfare influence food selection and pricing using real-world market data from a Swiss supermarket. Our findings indicate that higher animal welfare standards are consistently associated with higher prices, suggesting that ethical considerations play a significant role in generating price premiums based on consumer preferences. On average, a one-point increase in the animal welfare score (ranging from 1 to 5, with 5 being the highest) corresponds to a 16.4% price increase, with the effect being most pronounced in Dairy & Eggs (25.3%), compared to Meat & Fish (14.3%). These results highlight the psychological and behavioral factors underlying consumer preferences for ethically produced foods. Additionally, we find limited evidence of a price premium for climate-friendly food products, observed only in Yogurts & Desserts, a subcategory within Dairy & Eggs. Our findings contribute to the understanding of how ethical food attributes influence consumer decision-making and pricing in retail settings. |
| title | Ethical Appetite: Consumer Preferences and Price Premiums for Animal Welfare-Friendly Food Products |
| topic | General Economics Economics |
| url | https://arxiv.org/abs/2505.04042 |