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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
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Why Americans Have Stopped Drinking Skim Milk

By
Alicia Adamczyk
Alicia Adamczyk
and
Money
Money
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By
Alicia Adamczyk
Alicia Adamczyk
and
Money
Money
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August 9, 2016, 7:00 PM ET
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This piece originally appeared on Money.com.

Got milk? For many Americans, the answer has gradually become negative.

Milk sales have been on the decline since the 1970s, according to the USDA. Over the past five years, according to Nielsen “the total milk market shrunk by more than $1 billion.”

But it hasn’t all been bad news. According to that April report from Nielsen, sales of almond milk have grown over 250% over the past five years. Whole milk sales, too, are on the rise, as customers rethink saturated fats in their diets.

Still, not all higher quality dairy products billed as “healthier,” with less saturated fat, are taking off. While Dean Foods’ sales of whole milk were up 5% in the second quarter and skim milk sales were down 11%, the company reported Monday that it had to cut prices on its private label milk and ice cream products because no one was buying them.

According to Dean Foods and Nielsen (NLSN), consumers are becoming more and more interested in buying plant-based foods and beverages. Sales of almond, soy, coconut, and other dairy-alternative beverages are expected to keep rising.

About the Authors
Alicia Adamczyk
By Alicia AdamczykSenior Writer
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Alicia Adamczyk is a former New York City-based senior writer at Fortune, covering personal finance, investing, and retirement.

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