Investigating Economic and Demographic Factors Affecting Consumer Demand for Coconut-milk in the United States

Jing Li and Senarath Dharmasena

No 235641, 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts from Agricultural and Applied Economics Association

Abstract: Data from U.S. households for calendar year 2014 were used in examining demographic and economic factors affecting demand for dairy alternative beverages such as coconut milk, almond milk, soymilk, and lactose free milk using Heckman two-step procedure. Preliminary analysis of data reveal that the own-price elasiticity of demand for almond milk, soymilk, dairy milk in the United States is -3.50, -1.68,and -0.53 respectively. Soymilk is found to be a substitute for almond milk and white milk, while white milk was found to be a substitute for soymilk. Income, age, employment status, education level, race, ethnicity, region and presence of children in a household are significant drivers of demand for soymilk and almond milk. Sample selection bias was statistically significant.

Keywords: Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety (search for similar items in EconPapers)
Pages: 26
Date: 2016-05
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea16:235641

DOI: 10.22004/ag.econ.235641

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