Dairy in the United States
Summary
Dairy in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The dairy market consists of retail sales of butter & spreadable fats, cheese, cream, dairy-based & soy-based desserts, drinkable yogurt, milk, soymilk & soy drinks, yogurt and fromage frais & quark. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 exchange rates.
- The US Dairy market had total revenues of $103,466.3 million in 2023, representing a compound annual growth rate (CAGR) of 6.7% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 0.1% between 2018 and 2023, to reach a total of 22,204.4 million kilograms in 2023.
- The performance of the market is forecast to decelerate, with an anticipated CAGR of 3.5% for the five-year period 2023 - 2028, which is expected to drive the market to a value of $122,808.8 million by the end of 2028.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the dairy market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the dairy market in the United States
- Leading company profiles reveal details of key dairy market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United States dairy market with five year forecasts by both value and volume
- What was the size of the United States dairy market by value in 2023?
- What will be the size of the United States dairy market in 2028?
- What factors are affecting the strength of competition in the United States dairy market?
- How has the market performed over the last five years?
- Who are the top competitors in the United States's dairy market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market share
- 1.8. Market rivalry
- 1.9. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 4.3. Market distribution
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players in the US dairy market?
- 7.3. Which companies have been most successful in increasing their market shares in the last 5 years (2018-2023)?
- 7.4. Which companies market shares have suffered over the same period?
- 7.5. What are the most popular brands in the US dairy market?
- 8 Company Profiles
- 8.1. Danone SA
- 8.2. Groupe Lactalis SA
- 8.3. The Kraft Heinz Co
- 8.4. Land O'Lakes, Inc.
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: United States dairy market value: $ million, 2018-23
- Table 2: United States dairy market volume: million kilograms, 2018-23
- Table 3: United States dairy market category segmentation: % share, by value, 2018-2023
- Table 4: United States dairy market category segmentation: $ million, 2018-2023
- Table 5: United States dairy market geography segmentation: $ million, 2023
- Table 6: United States dairy market distribution: % share, by value, 2023
- Table 7: United States dairy market value forecast: $ million, 2023-28
- Table 8: United States dairy market volume forecast: million kilograms, 2023-28
- Table 9: United States dairy market share: % share, by value, 2023
- Table 10: Danone SA: key facts
- Table 11: Danone SA: Annual Financial Ratios
- Table 12: Danone SA: Key Employees
- Table 13: Danone SA: Key Employees Continued
- Table 14: Groupe Lactalis SA: key facts
- Table 15: Groupe Lactalis SA: Key Employees
- Table 16: The Kraft Heinz Co: key facts
- Table 17: The Kraft Heinz Co: Annual Financial Ratios
- Table 18: The Kraft Heinz Co: Key Employees
- Table 19: The Kraft Heinz Co: Key Employees Continued
- Table 20: Land O'Lakes, Inc.: key facts
- Table 21: Land O'Lakes, Inc.: Key Employees
- Table 22: Land O'Lakes, Inc.: Key Employees Continued
- Table 23: United States size of population (million), 2019-23
- Table 24: United States real gdp (constant 2010 prices, $ billion), 2019-23
- Table 25: United States gdp (current prices, $ billion), 2019-23
- Table 26: United States inflation, 2019-23
- Table 27: United States consumer price index (absolute), 2019-23
- Table 28: United States exchange rate, 2018-23
- List of Figures
- Figure 1: United States dairy market value: $ million, 2018-23
- Figure 2: United States dairy market volume: million kilograms, 2018-23
- Figure 3: United States dairy market category segmentation: $ million, 2018-2023
- Figure 4: United States dairy market geography segmentation: % share, by value, 2023
- Figure 5: United States dairy market distribution: % share, by value, 2023
- Figure 6: United States dairy market value forecast: $ million, 2023-28
- Figure 7: United States dairy market volume forecast: million kilograms, 2023-28
- Figure 8: Forces driving competition in the dairy market in the United States, 2023
- Figure 9: Drivers of buyer power in the dairy market in the United States, 2023
- Figure 10: Drivers of supplier power in the dairy market in the United States, 2023
- Figure 11: Factors influencing the likelihood of new entrants in the dairy market in the United States, 2023
- Figure 12: Factors influencing the threat of substitutes in the dairy market in the United States, 2023
- Figure 13: Drivers of degree of rivalry in the dairy market in the United States, 2023
- Figure 14: United States dairy market share: % share, by value, 2023
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