Almost half (48%) of consumers said they would never forsake Coca-Cola for their own brand equivalent, according to research conducted by Instantly, the largest provider of audiences and insights tools.
The same study also found that over two thirds (68%) of shoppers named Tesco’s Everyday Value as the most recognised supermarket own label, edging the retailer just ahead of Asda’s Smart Price which was recognised by 64% of respondents.
When deciding to buy own label over a branded product, the majority of respondents (58%) said price was the biggest motivating factor. In comparison, when asked what the biggest factor behind purchasing branded products over own label is, taste and quality came out on top with almost half of the votes (49%).
Some of the other well-known brands that consumers choose to never forsake include Cadbury’s chocolate (38%); Heinz Ketchup (35%) and Coca-Cola’s closest rival, Pepsi (33%).
Other key findings include:
- 81% of respondents said they buy both own label and branded products with almost half (48%) agreeing that supermarket own labels have improved in the last 10 years.
- 66% felt that that there is no difference between own label and brands when asked which is more healthy.
- The survey pool was split 50/50 when asked whether they think more expensive branded products are a worthwhile investment, supporting the evidence of an increase in popularity of own label products.
Ben Leet, UK MD of Instantly, said: “With the ever intensifying battle between supermarkets, own label products have become a major factor. Consumers want good quality for lower prices and our research has given supermarkets an insight into the preferences of their target audience. Major brands such as Coca-Cola are still dominant but own label products aren’t far behind and supermarkets need to capitalise.”
Instantly conducted this study throughout the first week of August and it was completed by 840 members of the general population.