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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 | Oct 2015

A little spoiled: Competition from abroad and changing consumer tastes may threaten growth

IBISWorld’s Dairy Product Production market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$112bn
Annual Growth 10-15
2.8%
Annual Growth 15-20
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Profit
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Employment
117,846
Businesses
759
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

 


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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