US Dairy Market Key Insights:
- Market Breakup by Product Type
- Market Performance & Regional Price Trends 2018
- Market Analysis & Outlook 2019-2024
- Demand by Application & Region
- Capacity Addition & Plant Turnarounds
US dairy market has increased on the back of strong demand between 2014-2018. The milk output in North America hiked by 1.3% in 2018, as compared to 2017, to attain a volume of 108.6 million tons. The North America dairy market was supported by the US milk production which rose by 1.1% 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 20% in 2018 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 17% to 19% from 2017 to the first half of 2018.
Applications and Properties
Dairy and dairy products make up essential components of a nutritious diet. They contain nine essential nutrients like vitamin B-12, vitamin D, vitamin A, phosphorous, calcium, potassium, protein, niacin and riboflavin which help in maintaining the overall health of the body including the strengthening of the bones. Products like cheese help meet the daily protein requirements as well as being rich in calcium, phosphorous and vitamin A. The types of products are available in the American dairy market are:
- Fluid Milk
- UHT Milk
- Whey Protein (Powder and Concentrate)
- Probiotic Dairy Products
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 2018, the American SMP export saw robust growth of 15.7%.
The EMR report analyses the market for the Northeast, Midwest, Northwest, Southeast, South Central and Southwest regions of the US.
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 2018, 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 2018, 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.
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 USA, Inc
- Dean Foods Company
- Danone S.A.
- Dairy Farmers of America
- Land O'Lakes, Inc.
- The Kraft Heinz Company
- Schreiber Foods Inc.
- California Dairies, Inc.
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.