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Management Strategies of Perceived Risk Associated with Moringa Products by Consumers in Ilorin Metropolis, Kwara State, Nigeria

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  • Ayinde, O.E.
  • Omotesho, K.F.
  • Animashaun, J.O.

Abstract

This study focused on examining the management strategies of perceived risk associated with Moringa products by consumers in Ilorin metropolis with view to rank the perceived risk associated with Moringa product; assess the different strategies employed by consumers to manage or cope with the risk and to examine socio-economic determinants of consumers’ consumption behaviour in relation to the perceived risk. Primary data were collected with the aid of a well structured questionnaire from 116 sampled respondents in the study area. The data were analysed using descriptive statistics and the Tobit regression model. The result shows that majority of the consumers consume Moringa powder while none of them consume Moringa oil. It was also discovered that most of the respondents do nothing about the risk associated with Moringa consumption, while some of them reduce the quantity consumed per dose or frequency consumption. Awareness of risk and consumption of Moringa powder were found to have significant effect on consumer attitude towards the perceived risk at (p<0.1). The study therefore recommends the need for more clinical trials that will ascertain the long term health implication of Moringa products consumption and the need for marketing agencies to take advantage of the relative ambivalence to Moringa consumption for more advertorial and promotional campaigns.

Suggested Citation

  • Ayinde, O.E. & Omotesho, K.F. & Animashaun, J.O., 2015. "Management Strategies of Perceived Risk Associated with Moringa Products by Consumers in Ilorin Metropolis, Kwara State, Nigeria," International Journal of Agricultural Management and Development (IJAMAD), Iranian Association of Agricultural Economics, vol. 5(4), December.
  • Handle: RePEc:ags:ijamad:262530
    DOI: 10.22004/ag.econ.262530
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    References listed on IDEAS

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    1. Huffman, Wallace E. & Rousu, Matthew & Shogren, Jason F. & Tegene, Abebayehu, 2007. "The effects of prior beliefs and learning on consumers' acceptance of genetically modified foods," Journal of Economic Behavior & Organization, Elsevier, vol. 63(1), pages 193-206, May.
    2. Ayinde, Kayode & Ayinde, Opeyemi Eyitayo & Muchie, Mammo & Omotesho, O.A. & Adewumi, Matthew Olaniyi, 2012. "Multi-Risk Model Of Small - Scale Agricultural Enterprenuers In Central Part Of Nigeria," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126732, International Association of Agricultural Economists.
    3. Animashaun, Jubril Olayinka & Williams, F.E. & Toye, A.A., 2013. "Towards Validating Moringa’s Nutraceutical Benefits: An Examination of Consumers’ Perspectives vis-à-vis Health Benefits Efficacy and Willingness to Pay," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 5(2), pages 1-11, June.
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