Fluid Milk Market Overview in the USA
In value terms, fluid milk production totaled $ in 2019. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by % against the previous year. As a result, production reached the peak level of $. From 2015 to 2019, production growth remained at a somewhat lower figure.
The size of the fluid milk market in the U.S. amounted to $ in 2019, approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market failed to regain the momentum.