US Household Purchases of Dairy Milk and Plant-Based Milk Alternatives
By: Stewart, Hayden; Dong, Diansheng
Stewart, Hayden; Dong, Diansheng, US Household Purchases of Dairy Milk and Plant-Based Milk Alternatives, Journal of Agricultural and Resource Economics, Volume 48, Issue 1, January 2023, Pages 65-81
US household purchases of fluid dairy milk and plant-based milk alternatives are investigated using household-level data from the 2018 National Consumer Panel. About 58.5% of all households bought only dairy milk and 4.4% bought only plant-based products over the course of that year. Another 37.1% switched between the two types of products, buying dairy milk on most shopping occasions and plant-based products on a smaller number of occasions. Dairy milk will not likely lose out to plant-based products anytime soon given these purchase patterns; rather, the two products may coexist, with plant-based options playing a minor role.