Consumer cohorts and the demand for meat and dairy products

Geir Wæhler Gustavsen and Kyrre Rickertsen

No 276865, 2018 International European Forum (163rd EAAE Seminar), February 5-9, 2018, Innsbruck-Igls, Austria from International European Forum on System Dynamics and Innovation in Food Networks

Abstract: Over their life course, people change their consumption habits when prices, income, tastes or nutritional needs change. The time period during which an individual grew up is often reflected in his or her consumption of different types of food. To investigate the possible links between demographic changes and food consumption, we constructed two-step censored demand systems for different groups of foods. We estimated the systems using Norwegian data for the 1986 – 2012 period. In the systems, age, period, cohort, other demographic and economic variables are included. The estimated systems are used to construct a long-run forecasting model for meat and dairy products. In this model, younger cohorts replace older cohorts with a different consumption pattern. The total purchases of beef, lamb, pork and fluid milk are predicted to decrease, while the total purchases of chicken, yoghurt and cheese are predicted to increase towards 2027.

Keywords: Agribusiness; Agricultural and Food Policy; Agricultural Finance (search for similar items in EconPapers)
Pages: 13
Date: 2018-10-01
New Economics Papers: this item is included in nep-agr
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:iefi18:276865

DOI: 10.22004/ag.econ.276865

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