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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 | May 2014

Fresh milk: Product innovation and export activity will contribute to moderate revenue growth

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
$102bn
Annual Growth 09-14
3.9%
Annual Growth 14-19
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Profit
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Employment
117,312
Businesses
709
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 Products Chapter

Cheese

Cheese makes up the industry's largest product segment. Products in this segment include common varieties like cheddar, Swiss, mozzarella, Monterey jack, blue and cream cheeses. According to the International Dairy Foods Association (IDFA), US cheese consumption has been on the rise, with mozzarella cheese consumption reaching 11.43 pounds per capita in 2011 (latest data available). Additionally, the two cheeses are the most popular single-cheese varieties, with cheddar cheese accounting for more than 75.0% of all American-type cheese production in the same year. This segment also includes cheese analogs, cheese spreads, imitation cheeses, curds, dips, and raw liquid whey. Overall, cheese has increased as a share of industry revenue during the past five years... 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


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