U.S Dairy Products Market Trends 2024- Industry Share, Revenue, Growth Drivers, Business Opportunities, Challenges and Future Competition till 2033: SPER Market Research
Various food products manufactured from milk, typically from sheep, goats, and cows, are referred to as dairy foods. They are staples of many different cuisines and diets and are consumed in large quantities all around the world. The distinctive tastes, textures, and nutrient profiles of dairy products are well recognized. Cheese, yogurt, butter, cream, and milk are some of these things. Since milk is a rich source of essential nutrients including calcium, protein, and vitamins, it is the primary ingredient in most dairy products. To please a wide range of palates, cheese comes in a multitude of flavors and textures, and it is manufactured by coagulating milk proteins.
According to SPER market research, ‘United States Dairy Market Size- By Category, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the United States Dairy Market is predicted to reach USD 146.75 billion by 2033 with a CAGR of 3.72%.
Drivers:
The increased demand for cheese has led to tremendous growth in the US dairy industry. The rise in eating out, the availability of a wider variety of cheese, and the appeal of ethnic cooking that employs cheese have all contributed to the rise in cheese consumption. The most popular cheese in recent years has been mozzarella, and the importance of cheese in the American diet is evident from the fast-rising consumption of other cheese varieties. Furthermore, the rising demand for butter both domestically and internationally has an impact on US production. A nation’s expanding population of milk cows affects that nation’s rising milk production.
Challenges:
The dairy sector faces numerous challenges, including changing consumer preferences, environmental concerns, and technological breakthroughs. A significant problem is the rise of plant-based alternatives, which are gradually replacing dairy products because of sustainability and health issues. Additionally, the unstable milk prices that are influenced by several factors like supply chain disruptions and geopolitical crises provide a financial risk to dairy farmers and processors.
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Impact of COVID-19 on United States Dairy Market
The COVID-19 pandemic has caused supply chain disruptions and behavioral changes that have significantly impacted the US dairy industry. The demand for dairy products, including cheese and butter, which are commonly used in large quantities by these industries, drastically decreased as a result of the closure of restaurants, schools, and other food service outlets. Because it was hard to process the extra milk that was produced as a result, several dairy producers were forced to throw away their excess milk. Conversely, consumers stocked up on necessities during lockdowns, which raised the demand for dairy goods at supermarkets.
United States Dairy Market Key Players:
Additionally, some of the market key players are; Continental Dairy Facilities LLC, Dairy Farmers of America Inc., Danone SA, Froneri International Limited, Groupe Lactalis, Land O’Lakes Inc., Nestlé SA, Prairie Farms Dairy Inc., Schreiber Foods Inc.
United States Dairy Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Category: Based on the Category, United States Dairy Market is segmented as; Butter, Cheese, Daily Deserts, Milk, Sour Milk Drinks, Yogurt.
By Distribution Channel: Based on the Distribution Channel, United States Dairy Market is segmented as; Off-trade, On-trade.
By Region: This research also includes data for Eastern, Western, Northern, Southern.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
US Dairy Market Future Outlook
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