Overview of the Market for Dry And Evaporated Dairy Product in the USA
In value terms, dry and evaporated dairy product production reached $ in 2019. Overall, 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 attained the peak level of $. From 2015 to 2019, production growth remained at a lower figure.
The revenue of the market for dry, condensed, and evaporated dairy products in the U.S. stood at $ in 2019, standing approx. at 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, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. From 2015 to 2019, the growth of the market remained at a lower figure.