The per capita consumption of fluid milk is decreasing in the United States because people prefer a non-dairy product like soya milk, almond milk and other organic products. The many segments of dairy like flavored milk, cottage cheese, low-fat ice-cream and fresh yogurt are rising, and it will continue to grow during the forecast period. The dairy farmer of the United States continues to struggle to meet market demand. Oversupply is one of the biggest issues of the United States dairy market because it creates price fluctuation and margin challenges. The dairy farm of the United States is not able to identify the exact demand for domestic consumption and export supply. Besides many dairy farms of the United States are closing since the last couple of year due to low profitability and government regulation. According to Renub Research report, United States Dairy Market is expected to reach 52 Billion Pound by the end of year 2026.
The number of cows in the United States is also declining. The average number of cows was declining to reach 9.336 million in 2019 from 9.406 million cows in 2017. Rising milk productivity per cow is one of the core key factors of the United States dairy market. Since the last couple of years, US dairy faces demand and supply gap of milk and dairy product. Therefore actual forecasting of the dairy product will help out the US dairy market in terms of stability of price fluctuation and margin challenges etc. The consumption of whole milk has slightly declined, but on the other hand, flavored whole milk is rising due to preference among children and adults during the exercise. The retail sales of fresh frozen yogurt are rising.
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