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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 | Jun 2016

Say cheese: Increasing demand will support revenue growth despite import competition

IBISWorld’s Dairy Product Production market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$103bn
Annual Growth 11-16
-0.7%
Annual Growth 16-21
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Profit
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Employment
114,716
Businesses
811
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 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

 


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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