United States Dairy Market to Grow at a CAGR of 4.96% in the forecast period
Changing consumer lifestyle &
increasing consumer awareness towards fitness are driving the United States dairy
market towards steady growth.
According to TechSci Research report, “United
States Dairy Market By Product Type (Drinking Milk, Cheese, Yogurt, Butter
and Others (Cream, Ice-Cream, Butter Milk, Milk Powder, etc.), By Distribution
Channel (Departmental Stores, Convenience Stores, Supermarket/Hypermarket,
Online, and Others (Direct Sales, Institutional Sales, etc.)), By Region, By Top
10 States, Competition Forecast & Opportunities, 2026” , the United States dairy market
stood at USD102.94 billion in 2020 and is projected to reach USD137.22 billion
with the projected CAGR of 4.96% by 2026F. Growth in the market can be
attributed to changing consumer diets, and increasing focus on healthy lifestyle,
along with increasing consumption of dairy foods and growing interest in
nutrition.
The Dairy Industry in the United States includes farms, cooperatives,
and companies that produce milk and cheese and related products and distribute
them to end-users. It is well-positioned and eager to meet the world's growing
need for dairy and fully invested in being a long-term global supplier that
drives customer business forward. Dairy is not only a healthy and delicious
food group, but it also contributes considerably to the United States economy
by providing a key source of income to the families in the United States. In
the United States, most dairy farms are family-owned.
In Addition, dairy farmers in the United States work closely with animal
nutritionists and veterinarians to know the best feed combination for their
dairy animals. They know that healthy and well cared cows on a nutritious diet
consistently produce wholesome and high-quality milk regardless of location or
herd size. The dairy industry in the United States has significant growth
potential due to land, infrastructure, and technological resources. Thus, the
country has continued its milk production expansion and dairy products
offerings. Along with this companies are giving assurance of rigorous quality
and safety standards to consumers. The dairy industry in the United States is promising
to deliver high-quality products and ingredients to customers.
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21 market data Figures spread through 70 Pages and an in-depth TOC on "United States Dairy Market"
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The United States dairy market consists of the following segments, by product
type, by distribution channel, by region, by top 10 states and by company. In
terms of product type, the market is divided into drinking milk, cheese, yogurt,
butter and others. Among them, cheese is growing at the fastest rate due to the
rise in the number of restaurants and cafes owing to the increasing demand for
fast food products and changing consumer taste & preferences. In terms of
distribution channels, the United States dairy market is divided into
convenience stores, departmental stores, online, hypermarket /supermarket &
others. Among them, online sales segment is the fastest-growing as it is
convenient due to better logistic systems.
In terms of region, the
United States dairy market is divided into South, West, Midwest, and Northeast.
Among which, the South region dominates the United States dairy market due to
the large population and high per capita income. Additionally, dairy companies
in the United States are continuously focusing on maximizing the dairy farmer
investment by creating programs and resources to drive dairy demand and build
consumer confidence to ensure a strong future for the dairy industry in the
country. Additionally, states in the United States like Wisconsin, Minnesota,
New York, Pennsylvania, Ohio, Michigan, Iowa, Kentucky, Missouri, and
California have the highest number of dairy farms. To remain competitive in the
market companies are continuously involved in new product development and
launches and in new strategic development.
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“In July 2020, Land
O’Lakes Inc. and Microsoft Corporation announced a multi-year strategic
alliance to launch innovations in agriculture, improvize the supply chain and expand
sustainability practices for farmers and the food system. The companies will also create a digital dairy
solution, harnessing the power of edge computing to collect data from farms
with limited internet access, and the power of AI to provide data-driven
insights for dairy producers. Using sensors and third-party applications,
this initiative will bring together
multiple data streams including weather, feed management and animal health to
help dairy producers improve profit potential, adopt conservation practices,
and reduce waste by feeding livestock only what they require and ensuring milk
supply doesn’t go bad in the supply chain.
The company will use digital dairy
solution to provide traceability throughout the Land O’Lakes supply chain, to
provide confidence to consumers that milk, butter, and cheese are sustainably sourced and made of the highest quality. These digital
technologies will help dairy producers to enhance efficiencies and profit
potential while ensuring that the food reaches to the people who need it most
at a time when the dairy business is strained by changing customer demand and
supply-chain gap.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“United States Dairy Market By
Product Type (Drinking Milk, Cheese, Yogurt, Butter and Others (Cream,
Ice-Cream, Butter Milk, Milk Powder, etc.), By Distribution Channel (Departmental
Stores, Convenience Stores, Supermarket/Hypermarket, Online,
and Others (Direct Sales, Institutional Sales, etc.)), By Region, By Top 10 States,
Competition Forecast & Opportunities, 2026” , has evaluated the future growth potential
of dairy market in the United States and provides statistics and information on
market structure, size, share and future growth. The report is intended to
provide cutting-edge market intelligence and help decision makers take sound
investment decision. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities
present in the United States dairy market.
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