Industry Analysis & Industry Trends
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 the next five years, rising household disposable income stemming from the economic recovery is expected to boost industry demand and revenue. Additionally, producers will continue to introduce innovative products that cater to changing consumer tastes. However, rising feed costs will increase the price of milk, hampering profit expansion... purchase to read more
Industry Report - Starting a New Business Chapter
Companies wishing to enter the Dairy Product Production industry must be able to afford initial capital investments, including acquiring a production facility. Entrants also need to invest in dairy manufacturing equipment and machinery to perform the processing activities. If operators are unable to afford a facility or equipment, they will be unable to operate within the industry.
New entrants must also comply with regulations. Agencies such as the Food and Drug Administration and Milk and Dairy Foods Control Branch provide regulatory barriers through various sanitary, compositional state and federal microbiological prerequisites. Companies unable to comply with regulations will not be allowed to operate and will face negative consequences, such as lawsuits or hefty fines... purchase to read more