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Review Paper

MARKETS OF FOOD WITH NUTRITIVE AND HEALTH CLAIM: PRODUCERS’ AND RETAILERS’ PERSPECTIVES

Žaklina Stojanović, Jelena Filipović, Dragan Stojković

Faculty of Economics, University of Belgrade, Belgrade, Serbia

Although food with nutritive and health claims in the Western Balkan countries hasbeen present in this region for more than a decade, it has remained rather understudied. Therefore, the aim of this study was to determine the importance of products with nutritive and health claims in the Western Balkans, using qualitative research techniques. In the study, the prices and margins of the subject product group, distribution channels, demand perception and incentives as well as barriers for the future development of the functional food market were analyzed. The study included five categories of products with nutritive and health claims, whilethe technique of the in-depth interviews was adopted. The total of 29 producers and 26 retailers form all the six countries of the region participated in the research. Even thoughthe studied categories recorded a sales growth in the previous period, a significant increase is expected in the mediumand long term, along with the growth of the living standard – given that products with nutritive and health claims are more expensive than regular ones. The results imply that it is necessary that the level of education regarding the role of food in health preservation should be raised; and that a change inbad eating habits should be influenced. The development of functional food markets also requires a government support and an appropriate legislation.

Keywords: 

functional food, nutritive claim, health claim, the Western Balkans markets

JEL Classification: 

D12, I15, M38
doi:10.5937/ekonhor1401063S
Economic Horizons, 2014, 16 (1), Published online April 17th 2014

Since October 2020, the Journal is referenced in SCOPUS

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Since March 2015, the Journal is indexed in DOAJ

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Since November 2013, the Journal is indexed in ProQuest – ABI/INFORM

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Since October 2013, the Journal is indexed in Cabell’s Directories

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Since September 2013, the Journal is indexed in Index Copernicus Journals Master List 2012

Index Copernicus Journals Master List
ICV 2020 = 90.77

Since March 2013, the Journal has been evaluated and accepted for listing in EconLit (American Economic Association Publications)

EconLit

Since January 2013, the Journal has been included into EBSCO’s databases

EBSCO

Since November 2012, the Journal has been included into Ulrich’s Periodicals Directory 

Ulrich’s Web

Since October 2020, the Journal is referenced in SCOPUS

SCImago Journal & Country Rank

Since March 2015, the Journal is indexed in DOAJ

DOAJ

Since November 2013, the Journal is indexed in ProQuest – ABI/INFORM

ProQuest – ABI/INFORM

Since October 2013, the Journal is indexed in Cabell’s Directories

Cabell’s Directories

Since September 2013, the Journal is indexed in Index Copernicus Journals Master List 2012

Index Copernicus Journals Master List
ICV 2020 = 90.77

Since March 2013, the Journal has been evaluated and accepted for listing in EconLit (American Economic Association Publications)

EconLit

Since January 2013, the Journal has been included into EBSCO’s databases

EBSCO

Since November 2012, the Journal has been included into Ulrich’s Periodicals Directory 

Ulrich’s Web