NAICS 31151 - Dairy Product (except Frozen) Manufacturing
This industry comprises establishments primarily engaged in one or more of the following: (1) manufacturing dairy products (except frozen) from raw milk and/or processed milk products; (2) manufacturing dairy substitutes (except frozen) from soybeans and other nondairy substances; and (3) manufacturing dry, condensed, concentrated, and evaporated dairy and dairy substitute products.
Industry trends:
As of 2023, the Dairy Product (except Frozen) Manufacturing industry, classified under NAICS 31151, is experiencing several qualitative trends. One prominent trend is the increasing consumer demand for organic and sustainably produced dairy products. Consumers are becoming more conscious of environmental and health issues, thus favoring products that claim to adhere to higher ethical standards.
Another trend is the rise of plant-based alternatives, which is gradually affecting the dairy market. While traditional dairy products maintain a significant share, there is growing interest in plant-based milks, cheeses, and yogurts. This shift is largely driven by dietary preferences, lactose intolerance, and vegan lifestyles.
Technological advancements in production processes are also becoming more prominent. Dairy manufacturers are leveraging automation and data analytics to improve efficiency, reduce waste, and ensure product quality. This trend is likely to continue as companies strive to remain competitive and compliant with stringent industry regulations.
Looking ahead, the near future forecasts suggest steady growth in the global dairy market, with emerging markets such as China and India showing increased consumption of dairy products. However, manufacturers may face challenges such as fluctuating raw material prices and supply chain disruptions. Additionally, companies that can innovate and meet the evolving consumer preferences for healthier, ethically produced, and diverse dairy products are expected to perform better.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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