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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

The Dairy Product Production market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 Analysis Chapter

The Dairy Product Production industry sells dairy products, including fluid milk, cheese, yogurt, butter and coffee creamers to wholesalers, retailers and food service establishments. The price of raw milk largely influences industry revenue because it is the common input of these products. When raw milk prices decrease, industry players are typically forced to charge consumers lower prices, causing industry revenue to fall. Moreover, significant fluctuations in raw milk prices can lead to volatility in industry revenue. Over the past five years, the price of milk has fallen due to declining feed prices; as a result, consumers paid less for dairy products. Over the five years to 2016, industry revenue is expected to decrease at an annualized rate of 0.7% to $102.6 billion... 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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