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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 | Sep 2014

Fresh milk: Product innovation and export activity will contribute to moderate revenue growth

IBISWorld’s Dairy Product Production market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$112bn
Annual Growth 09-14
5.8%
Annual Growth 14-19
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Profit
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Employment
116,451
Businesses
709
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 Analysis Chapter

The Dairy Product Production industry sells a range of dairy products, including fluid milk, cheese, yogurt, butter and coffee creamers, to wholesalers, retailers and food service establishments. Since the common input of all these products is raw milk, the commodity's price largely influences industry revenue. When raw milk prices increase, industry players are typically able to pass on the costs to consumers in the form of higher prices, enabling industry revenue to grow. However, significant fluctuations in raw milk prices can lead to volatility in revenue. Coming off a low in 2009, when consumer spending was down and demand for dairy products was depressed, the price of milk has grown... 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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