Industry Analysis & Industry Trends
Since 2009, the Dairy Product Production industry has suffered from volatility in raw milk prices and economic recession in the beginning of the five-year period. Demand from emerging economies worldwide and higher feed prices at dairy farms drove milk prices up. At the same time, the economic downturn soured demand for higher-margin dairy products. Most recently, economic recovery has once again bolstered global demand. In the five years to 2019, the industry is projected to benefit from continued economic recovery and the introduction of higher-margin, value-added products that will address 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 2019, 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 0.4% during the 10-year period. Comparatively, US GDP is forecast to rise at an average annual rate of 2.7%.
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