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