Economics of Soymilk

Although milk is rich in nutritional value, the
presence of lactose in milk can cause uncomfortable
digestive issues in some individuals. Since soymilk
is lactose/cholesterol free (CFLF), it is a valuable
alternative to those who have these issues. Organic
milk is another alternative for health concerned
individuals. However, organic milk, soymilk and CFLF
milk have significantly higher price premiums than
other milk types. The price differentials between
organic vs. conventional products and soy derived
vs. milk derived dairy products and the interactions
between these prices are useful indicators to
differentiate the willingness to pay for these
products. This book provides critical information on
this niche market such as the price premiums for soy
products and organic products, differences among
these premiums on the basis of demographic and
geographic factors. The relationship between the
demand for soymilk and other dairy products is also
analyzed using hedonic metrics. The findings from
these analysis suggest important policy implications
for producers and retailers in the dairy market.

Autorentext

PhD: North Carolina State University, Raleigh, NC, USA. Faculty, Middle East Technical University, Dept. of Economics, Ankara,TURKEY.

Klappentext

Although milk is rich in nutritional value, the presence of lactose in milk can cause uncomfortable digestive issues in some individuals. Since soymilk is lactose/cholesterol free (CFLF), it is a valuable alternative to those who have these issues. Organic milk is another alternative for health concerned individuals. However, organic milk, soymilk and CFLF milk have significantly higher price premiums than other milk types. The price differentials between organic vs. conventional products and soy derived vs. milk derived dairy products and the interactions between these prices are useful indicators to differentiate the willingness to pay for these products. This book provides critical information on this niche market such as the price premiums for soy products and organic products, differences among these premiums on the basis of demographic and geographic factors. The relationship between the demand for soymilk and other dairy products is also analyzed using hedonic metrics. The findings from these analysis suggest important policy implications for producers and retailers in the dairy market.