Market Size of united states dairy Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 107.08 Billion |
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Market Size (2029) | USD 126.80 Billion |
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Largest Share by Distribution Channel | Off-Trade |
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CAGR (2024 - 2029) | 3.44 % |
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Fastest Growing by Distribution Channel | On-Trade |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
United States Dairy Market Analysis
The United States Dairy Market size is estimated at 107.08 billion USD in 2024, and is expected to reach 126.80 billion USD by 2029, growing at a CAGR of 3.44% during the forecast period (2024-2029).
107.08 Billion
Market Size in 2024 (USD)
126.80 Billion
Market Size in 2029 (USD)
2.04 %
CAGR (2017-2023)
3.44 %
CAGR (2024-2029)
Largest Market by Category
37.26 %
value share, Cheese, 2023
Product consistency, surge in regional production and increasing cheese use in different cuisines are some of the major factors influencing the higher cheese consumption.
Largest Market by Distribution Channel
80.54 %
value share, Off-Trade, 2023
The purchases through online channels, supermarkets, and hypermarkets are driving the segmental growth, with innovations in poultry meat delivery and self-checkouts.
Fastest-growing Market by Category
4.23 %
Projected CAGR, Milk, 2024-2029
Increasing public-private funding and investments in dairy farming along with technological advancements in the industry are largely catering to the growth of the market.
Fastest-growing Market by Distribution Channel
4.13 %
Projected CAGR, On-Trade, 2024-2029
The widened choice for on-the-go foodservice with a preference for low-priced processed dairy foods, in particular, is anticipated to drive the segmental growth.
Leading Market Player
7.79 %
market share, The Kraft Heinz Company, 2022
An extensive range of product offerings that include processed dairy products and the brand-conscious consumers of the country support Kraft in the market studied.
Availability of clean label products is enhancing the growth of retailing unit in North America
- The US distribution channel grew 1.62% in 2022 compared to 2021. The growth is attributed to the popularity and availability of clean-label products in dairy segments, such as cheese, yogurt, and milk. These clean-label dairy products are free from artificial ingredients, including artificial colors, flavors, and preservatives. These retailers also offer a wide variety of dairy products of various brands. Considering the demand for distribution channels in the United States, this segment is expected to rise by 16.02% in 2025.
- Supermarkets and hypermarkets have larger spaces and shelves to store their products. As a result, under the off-trade retailing modes, supermarkets and hypermarkets dominated the country's overall distribution channel by holding a share of 61.77% in 2022. Some of these supermarkets and hypermarkets nationwide are Walmart, Target, Kroger, Amazon, Costco Wholesale Corporation, Albertsons Cos., Ahold Delhaize USA, and Publix Super Markets Inc. These retailers are providing dairy products at varied prices (low, medium, and high). The base selling price of ice cream in the United States is USD 2.68, which can go as high as USD 50.
- In the United States, consumers majorly prefer out-house consumption. In 2022, it was observed that 23.1 million individuals were consuming food outside at least once a week in the United States. The total number of restaurants in the country was 1.05 million in 2020. As a result, on-trade retailing modes have gained popularity in the last five years in the country. In the United States, under the on-trade retailing mode, the milk segment held a share of 79.87% compared with other dairy products in 2022.
Understand The Key Trends Shaping This Market
