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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 | Nov 2014

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 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 - Starting a New Business Chapter

Companies wishing to enter the Dairy Product Production industry must be able to afford initial capital investments, including acquiring a production facility. Entrants also need to invest in dairy manufacturing equipment and machinery to perform the processing activities. If operators are unable to afford a facility or equipment, they will be unable to operate within the industry.

New entrants must also comply with regulations. Agencies such as the Food and Drug Administration and Milk and Dairy Foods Control Branch provide regulatory barriers through various sanitary, compositional state and federal microbiological prerequisites. Companies unable to comply with regulations will not be allowed to operate and will face negative consequences, such as lawsuits or hefty fines... 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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