According to the International Dairy Foods Association, dairy continues to be the fourth fastest-growing grocery segment in the US. In fact, the dairy industry in this part of the world is a $50bn per year business, of which almost 68% is dominated by 15 mega-dairies (800+ dairy cows). However, the industry also faces challenges, such as uncertain availability for raw materials and price fluctuations, which are likely to intensify in the coming years.
PMMI’s new study, which discusses perspectives of 40 dairy processors, associations and suppliers, aims to analyse the local dairy market dynamics and determine the outlook for the dairy industry in the future. Some of the key findings discussed in the report include:
Source: PMMI
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