United States Dairy Market Growth Analysis Report - Market Size, Share, Forecast Trends and Outlook (2025-2034)

The United States dairy market was valued at USD 115.50 Billion in 2024. The industry is expected to grow at a CAGR of 3.10% during the forecast period of 2025-2034 to attain a valuation of USD 156.74 Billion by 2034.

The export of products like milk powder, butterfat, lactose, cheese and whey from the US grew by about 19% in 2020 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 18% to 20% from 2018 to the first half of 2020.

United States Dairy Market Segmentation

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.

Market Breakup by Product

• Bulk Raw Milk
• Butter
• Non-Fat Dry Milk
• Skim Milk Powder
• Dry Whole Milk,
• Dry Buttermilk
• Natural Cheeses and Other Than Cottage Cheese
• American Cheese
• Italian Cheese
• Swiss Cheese
• Other (Specialty) Cheeses
• Cottage Cheese
• Sour Cream
• Packaged Fluid Milk Products
• Yoghurt
• Dry Whey Products
• Whey Protein Concentrates & Isolates
• Lactose

Market Breakup by Structure

• Co-Operative Dairies
• Private Dairies

Market Breakup by Region

• New England
• Mideast
• Great Lakes
• Plains
• Southeast
• Southwest
• Rocky Mountain
• Far West

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 2020, the American SMP export saw robust growth of 15.7%.

Market Analysis

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 2020, 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 2020, 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.

Competitive Landscape

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 S.A.
• Dairy Farmers of America, Inc.
• Lactalis Group
• Danone S.A.
• Land O’Lakes, Inc.
• The Kraft Heinz Company
• Schreiber Foods Inc.
• California Dairies Inc.
• Others

The comprehensive report gives an in-depth insight into the value chain, price trends and manufacturing processes. It also offers Porter’s five forces analysis.