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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 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

 


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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