United States Dairy Market Report and Forecast 2024-2032

US Dairy Market Size

US dairy market has increased on the back of strong demand between 2018-2023. The milk output in North America hiked by 1.4% in 2020, as compared to 2018, to attain a volume of 109.6 million tons. The North America dairy market was supported by the US milk production which rose by 1.2% in the same period.

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The export of products like milk powder, butterfat, lactose, cheese and whey from the US grew by about 19% in 2020 as compared to 2017. This advancement of the US dairy market was aided by the robust and mounting market share of American sellers of milk and other dairy products, who have outperformed competing players from Europe and Australia. Thus, the US share in the global dairy supply grew from 18% to 20% from 2018 to the first half of 2020.

United States Dairy Market Segmentation

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USA is the largest producer of cheese, producing almost 600 varieties of cheese including Italian type cheese like Mozzarella and Parmesan cheese. The milk derivatives produced by America are not just consumed domestically but also exported to foreign markets like Europe and China. In 2020, the American SMP export saw robust growth of 15.7%.

Market Analysis

The US dairy production in upper Mid-West has recently increased with Ohio and Wisconsin showing the highest growth while milk production in states like Tennessee, Missouri and Wisconsin has been on a decline. As of Q2 of 2020, the Southwest and Mountain states continued to dominate the dairy market.

On an average the global demand for imported milk products from the US has been high due to the economic growth of the countries importing American dairy products. Due to the decline in dairy prices in the first half of 2020, countries have been increasingly importing dairy products from the US, especially the Middle Eastern and North African countries. The increase in the demand from the US was also aided by a declining dairy demand from China, bringing in buyers from Southeast Asia.

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Competitive Landscape

December 2018- Dairy Farmers of America (DFA) to acquire Agropur’s St Paul, Minnesota plant.

The report presents a detailed analysis of the following key players covering their capacities, market share and latest turn of events such as mergers and acquisitions, capacity expansions, and plant turnarounds in the US dairy market:

• Nestlé S.A.
• Dairy Farmers of America, Inc.
• Lactalis Group
• Danone S.A.
• Land O’Lakes, Inc.
• The Kraft Heinz Company
• Schreiber Foods Inc.
• California Dairies Inc.
• Others

The comprehensive EMR report gives an in-depth insight into the value chain, price trends and manufacturing processes. It also offers Porter’s five forces analysis.