SEARCH   
MEMBER LOGIN    

Dairy Product Production in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Dairy Product Production Market Research Report | NAICS 31151 | Feb 2016

Say cheese: Rising disposable income will support industry demand despite import competition

IBISWorld’s Dairy Product Production market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$113bn
Annual Growth 11-16
1.3%
Annual Growth 16-21
Add to Cart
Profit
Add to Cart
Employment
110,498
Businesses
773
Industry Analysis & Industry Trends

Over the past five years, the Dairy Product Production industry has benefited from the increasing popularity of yogurt and cheese products in the United States and abroad, which has offset declining fluid milk consumption. In addition, dairy producers have been able to pass along raw milk costs to consumers, especially producers that manufacture value-added products. Over the next five years, rising household disposable income stemming from the economic recovery is expected to boost dairy product demand and industry revenue. Additionally, producers are anticipated to introduce innovative products that cater to changing consumer tastes... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Dairy Product Production industry is expected to grow at a slightly lower rate than the overall economy during the 10 years to 2021, an indication that the industry is in the mature phase of its life cycle. IBISWorld estimates the industry's contribution to the economy, as measured by industry value added (IVA), will increase at an annualized rate of 1.2% during the 10-year period. Comparatively, US GDP is forecast to rise at an average annual rate of 2.3%.

As is common in mature industries, dairy products have strong market acceptance because milk, cheese and butter are staple items in downstream industries and consumers' kitchens. Per capita dairy product consumption fluctuates slightly from year to year, but is generally on the rise... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Dairy Product Production Industry?

Operators in this industry mainly manufacture dairy products such as pasteurized milk, cream, butter, yogurt, cheese and dry, condensed and evaporated milk. The industry also manufactures substitute dairy products made from soybeans and other nondairy ingredients. Producers of dairy products such as ice cream and frozen yogurt are excluded from this industry (IBISWorld report 31152).

Industry Products
CheeseFluid milk and milk-based productsDry, condensed and evaporated milk productsCreamery butter
 
Industry Activities
Producing fluid milk productsProducing cheeseProducing dry, condensed and evaporated milkProducing creamery butterProducing yogurt


View Sample
Quote
Select Clients