United States Dairy Market Report 2021
DUBLIN, October 13, 2021 / PRNewswire / – The “United States Dairy Market, by Product Type (Drinking Milk, Cheese, Yogurt, Butter and Others), by Distribution Channel (Department Stores, Convenience Stores, Supermarket / Hypermarket, Online and Others) ), By Region, By Top 10 States, Competition Forecast & Opportunities, 2027 “report has been added to ResearchAndMarkets.com offer.
The United States dairy market was 102.94 billion USD in 2020 and should reach 137.22 billion USD by 2026, with a CAGR of 4.96% through 2026F due to the increase in the young population, the increase in health-conscious consumers and the high personal income per capita.
With the growing consumer commitment to a healthier lifestyle due to the increasing obesity rate among the population, the demand for dairy products is expected to increase in United States.
This has resulted in increased demand for dairy products in United States because they are considered a healthier alternative to further processed foods. However, the increasing transparency around ingredients, sourcing and manufacturing processes of companies has changed consumers’ perceptions of dairy products.
The United States dairy market is divided into the following segments including product type, distribution channel, region, top 10 states, and company. In terms of product type segment, the US dairy market is segmented into fluid milk, cheese, yogurt, butter, and others. Among them, fluid milk dominated the US dairy market with a market share of around 38% in 2020.
However, the year-over-year trends in milk consumption are declining in United States due to the growing consumer preference for value added products like organic milk, soy milk, etc. Based on the type of dairy product to drink, the market is divided into skim milk, whole milk, flavored milk. Among them, flavored milk is expected to experience the fastest growth among all types of drinkable dairy products due to the longer shelf life and changing taste of consumers, especially among the younger generations.
Depending on the type of cheese product, the market is divided into mozzarella, cheddar and others. Among them, mozzarella cheese has dominated the cheese market due to the increasing consumption of fast foods like pizza, pasta, burgers in which mozzarella is the cheese is mainly used. Based on the type of yogurt product, the market is divided into flavored and unflavored.
Among them, flavored dominates the market and is expected to continue to dominate during the forecast period due to changing consumer tastes and the availability of various flavors in the market. Depending on the type of butter product, the market is divided into salted, unsalted and others. Among them, savory has dominated the market and is expected to continue to dominate during the forecast period due to the longer shelf life and increasing demand from the food industry.
Based on the distribution channel segment, the US dairy market is segmented into department stores, convenience stores, supermarkets / hypermarkets, online and others. Among them, department stores dominate the US dairy market due to the availability of a variety of dairy products.
Depending on the region, the US dairy market is segmented into South, West, Midwest, Northwest. The Northeast region is the fastest growing region in United States Dairy market due to population increase, increase in gross domestic income and personal income per capita.
Some of the major players operating in United States Dairy market are Dairy Farmers of America Inc., Fromage Saputo United States Inc., Land O’Lakes, Inc., Danone North America, Lactalis American Group, Inc. and others.
Scope of the report:
Years considered for this report:
- Historical years: 2016-2019
- Baseline year: 2020
- Estimated year: 2021E
- Forecast period: 2022F-2026F
U.S. Dairy Market, By Product Type:
- Drink milk
- Skimmed milk
- Whole milk
- Flavored Milk
- Others (American cheese, Italian cheese and other cheese)
- Not flavored
- Salted butter
- Unsalted butter
United States dairy market, by distribution channel:
- Department stores
- Convenience Stores
- Supermarket / Hypermarket
- In line
United States Dairy Market, By Region:
- Where is
- Dairy Farmers of America Inc.
- Saputo cheese United States Inc.
- Land O’Lakes, Inc.
- Danone North America
- American group Lactalis, Inc.
- California Dairies, Inc.
- The Kraft Heinz Company
- Nestle United States, Inc.
- Agropur inc.
- Prairie Farms Dairy, Inc.
- Schreiber Foods, Inc.
- General Mills, Inc.
- Brands Conagra, Inc.
- Great Lakes Cheese Company, Inc.
- Leprino Food Company
For more information on this report, visit https://www.researchandmarkets.com/r/4gnpzb
Research and markets
Laura Wood, senior
For EST office hours, call + 1-917-300-0470
For USA / CAN call toll free + 1-800-526-8630
For GMT office hours, call + 353-1-416-8900
US Fax: 646-607-1907
Fax (outside the United States): + 353-1-481-1716
SOURCE Research and Markets