Industry Analysis & Industry Trends
The Dairy Product Production industry suffered from volatility in raw milk prices and the economic recession in the beginning of the five years to 2014. 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 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