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The North America dairy market attained a value of 127.5 billion in 2023. The market is expected to grow at a CAGR of 3.5% between 2024 and 2032, reaching almost 173.3 billion by 2032.
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The United States of America is not just a leading dairy market in the region but is also a major player in the global market. Even with a decrease in cow numbers, the total milk production in the US saw a 1.1% increase in 2018, as compared to the previous year, to reach 97,730 thousand tonnes. Canada is another significant market in the region whose milk production rose by 5% in 2017 and witnessed a further growth of 3.7% in 2018, compared to 2017, due to government schemes like National Ingredient Strategy and soaring production quotas under the managed production system.
Properties and Application
Dairy and dairy products comprise of milk and other milk derived products and make up an essential part of the daily balanced diet. It contains important nutrients like calcium, protein, vitamin A, vitamin D, magnesium, potassium and phosphorous among others. They are especially rich in calcium which helps in maintaining healthy bones. Items like cheese contribute to the daily requirement of protein and are also a major source of calcium, vitamin A and phosphorus. The nutritional benefits derived from the consumption of dairy products include the prevention of diseases like hypertension, type 2 diabetes, heart diseases, and musculoskeletal disease, among others.
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The dairy product types analysed by the report are:
The EMR report looks in-depth into the markets of USA, Canada and Mexico.
The North America milk market is being driven by the growing health concerns among consumers leading to a rising demand for products like lower sugar yoghurts and cottage cheese. The market for cottage cheese is emerging with a wider variety of flavours available and containing higher protein content than yoghurt. It also meets the demand from the consumers with increasingly hectic schedules who are seeking convenient on-the-go snacks which are healthier.
With increasing cases of lactose intolerance, there has been a rising demand for dairy products like cheese with reduced lactose content. Organic milk is also a significant emerging market due to the increasing health and environmental consciousness among the consumers who perceive it as natural and sustainable. The market in North America is also being driven by growing innovations in dairy products. The easy availability of dairy products with widening distribution channels like supermarkets and hypermarkets are also aiding the market growth.
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The US is a major market in the region and is also one of the leading exporters of dairy products. Margin Protection Program for Dairy by USDA is incentivising production even with declining sales, resulting in a growing milk oversupply. Producers are converting the excess milk to items like milk powder and butter, which have a longer shelf life than liquid milk. While a new trade deal with Canada gives the US 3.6% tariff-free access to Canada’s dairy market, it might prove detrimental to the growing dairy market in Canada as it scraps the Class 7 scheme which regulated the prices of certain dairy products like skimmed milk powder. The Canadian dairy industry is one of the leading agricultural sectors in the country and contributes significantly to the country’s GDP.
August 2018- Dairy Farmers of America (DFA) to invest USD 470 million in a new whey and cheese facility in St. Johns, Michigan, partnering with Glanbia Nutritionals and Select Milk Producers Inc.
The report presents a detailed analysis of the following key players in the North America dairy market, covering their market share, capacities, and latest turn of events such as capacity expansions, mergers and acquisitions, and plant turnarounds:
The comprehensive EMR report gives an in-depth insight into North America dairy market providing an analysis of the value chain, price trends, and manufacturing processes. It also offers Porter’s five forces analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product |
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Breakup by Structure |
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Breakup by Region |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The total milk output in North America was 127.5 million tons in 2023, aiding the growth of the North America dairy market.
The major drivers of the market include rising disposable incomes, increasing population, rising innovations in dairy products, and the easy availability of dairy products with widening distribution channels.
The rising health concerns among consumers, leading to a rising demand for products like lower sugar yoghurts and cottage cheese, is expected to be a key trend guiding the growth of the market.
Canada and United States of America are the leading regions in the North America dairy market, with the United States of America being the leading regional market.
The major products of dairy in the market in North America are bulk raw milk, butter, non-fat dry milk, skim milk powder, dry whole milk, dry buttermilk, natural cheese, cottage cheese, other cheese, sour cream, packaged fluid milk products, yoghurt, dry whey products, whey protein concentrates and isolates, and lactose.
The leading players in the market are Nestlé USA, Inc, Dairy Farmers of America, Inc., Danone S.A., Land O'Lakes, Inc., The Kraft Heinz Company , Agropur Cooperative, Lactalis Group, Inc..
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