The Market value (retail sales value) of Milk Industry in United States of America attained a value of USD 22,507.99 Millions in 2020
The Industry recorded a historical growth (CAGR) of 1.90% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the Industry to grow at a CAGR of ...
The milk industry in the US recorded a high single-digit YoY growth in 2020, and a low single-digit Compound Annual Growth Rate (CAGR) between 2017-20. In 2020, per capita consumption of milk in the US was lower than regional average but higher than the global average. The growth came about as the population grew concerned about health & wellness during the pandemic.
Dean Foods Co, Danone Group, Borden, Inc., Nestle, and The Coca-Cola Company held the top five leading market positions in the milk industry in the US. The top five players held a significant market share in the milk industry in the US in 2020.
DairyPure, Horizon, Borden, Nestle, and Fairlife were the leading brands in the milk industry.
Milk products include all types of dairy milk including flavoured and unflavoured milk, long life milk, condensed milk, buttermilk, milkshake drinks, and excludes soy milk and rice milk and yoghurt-based smoothie/"thickie" drinks.
Dean Foods Co leads the milk industry in the US
Dean Foods Co was the leading company (by value) in the milk market in the US in 2020. Among the brands selling milk products in the US, DairyPure brand, the flagship brand of Dean Foods Co, was the largest market shareholder.
Danone Group ranked second in the milk industry in the US
Danone Group was the second-largest company (by value) in the milk market in the US in 2020. Horizon one of the prominent brands selling milk items in the US, operates under the trademark of Danone Group.
The other leading market positions in the Milk market in the US were held by Borden, Inc., Nestle, and The Coca-Cola Company
Borden, Inc., Nestle, and The Coca-Cola Company were among some of the other prominent companies in the milk market in the US, owning major brands like Borden, Nestle, and Fairlife, respectively.
Market Fragmentation: The top five market players accounted for more than a quarter of the milk market (by value) in the US in 2020
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