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. Foreign demand for industry products is also expected to grow over the next five years. However, major dairy producers, such as Australia and New Zealand, are also expected to export more industry products, which will increase competition for US dairy product producers and hamper related US export activity... purchase to read more
Industry Report - Industry Locations Chapter
Dairy product producers tend to be located close to dairy and cattle farms given the products' perishable nature and high transportation costs. Traditionally, milk production is localized, but improvements in raw milk quality and declining transportation costs have increased competition between producers in different regions and are allowing national dairy cooperatives to emerge. The Great Lakes, Mid-Atlantic and West regions are estimated to account for the largest concentrations of industry locations.
The Great Lakes region is estimated to account for 30.5% of establishments. Wisconsin is the country's largest dairy-producing state. Wisconsin accounts for 18.7% of the nation's dairy production establishments. In addition, the state produces 13.3% of the nation's milk supply... purchase to read more