The Dairy Products Market | United States

Products that are made from milk by adding a few necessary ingredients are known as dairy products. These include cheese, butter, yogurt, milk powder and dry whey.

The US dairy products market is undergoing changes due to the introduction of new products as customers are demanding healthier product options. With milk production up in most states of US by 2.4% annually, the forecasted growth for the remaining months of 2017 is at 2%. Fluid products sales lowered by 0.3% in 2016-17 as compared to 2015-16, while whole milk sales shot up by 5.5%, thus representing a 2.2% year-on-year increase. Cheese exports registered a drop of 9.7% in 2016 as compared to 2015, while butter exports grew by 73% in the Dec-Feb 2017 period on a YOY basis.

The dairy products market growth is being driven by the health benefits (tangible and perceived) derived through the consumption of dairy products. This is a trend for specific age groups, notably infants, kids and elders. These age groups have traditionally been important demographics for dairy, as kids and infants account for 17%, and the elderly account for 20% of the total dairy consumption. This profile has specific health requirements, like reduced cholesterol and fat, or additional magnesium and calcium options.

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Nestlé

  • Country : Switzerland
  • Turnover : CHF 89.46 billion
  • Position : The company is a world leader in baby products, dairy products, ice-cream and frozen food.

The Kraft Heinz Company

  • Country : United States
  • Turnover : USD 26.48 billion
  • Position : Formed to by the merger of two giants, Kraft and Heinz in 2015, the company has 13 brands with products ranging from dairy foods, cheese, beverages and convenience foods.

Dean Foods Company

  • Country : United States
  • Turnover : USD 19.95 billion
  • Position : Established in 1925, Dean Foods employs more than 25,000 employees in its plants all over the US and specializes in dairy products.

Saputo Inc.

  • Country : Canada
  • Turnover : CAD 11.2 billion
  • Position : This is a leading dairy company founded in 1954 and one of the top 10 dairy processors in the world.

Schreiber Foods

  • Country : United States
  • Turnover : USD 5 Billion
  • Position : Founded in 1945, Schreiber Foods is an employee-owned company specializing in producing natural, processed and cream cheese.

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