Articles Tagged with ''state of the industry''

Some dairy categories are still stationed at mission control waiting for the perfect weather conditions. However, a majority of segments are ready for takeoff, especially as dairy consumption reaches an all-time high, according to FDA data.

Frozen novelty sales are particularly enjoying robust strength. 

Yogurt, cream cheese are loved to the moon and back as per cultured dairy sales. IRI reports that yogurt, No. 3 on IRI’s Dairy15 Top Categories list, generated $8.4 billion in dollar sales and an 8.6% YoY growth. No. 9 on the list, cream cheese sales totaled $2.3 billion with 8% YoY growth.

All categories within nondairy beverages, with the exception of juice products, are shooting for the stars. Ready-to-drink coffee in chilled, take-home format packaging is driving 37% growth.  . Check out which brands are thriving.

Despite a 3.3% decrease of unit sales, the milk category demonstrated strong strength, notching an increase of more than 7% to $15.32 billion for the 52 weeks ending Sept. 4, IRI data reports. Milk is king of the dairy category leader, followed by Cheese and Yogurt. 

Versatile butter is “old reliable” for baking, on top of toast, while snacking spreads appeal to consumer cravings.  

Suppliers are keeping pace with evolving processor and shopper demands for flavorful products that emphasize wellness and visual appearance. 

The future looks bright however.

Although the industry faces many challenges, there are exciting opportunities for future growth, according to the six dairy industry executives we queried. 

With 13.2% growth, RFG grated cheese leads category, followed by cheese cubes at 9.7%