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Dairy Market - Forecasts

Delivered September 5th, 2019. Contributors: Lisa M., Erika O., Khen R., Shahrukh K., Agnidip M., Sweta S., Jonathan C., Hellen O., Oshione S., Abhishek M., Barry, Ajantha and

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Part
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Forecast - High Protein Milk

High protein milk is made by one to two ways. It is either filtered or protein is added into the milk. High protein milk is trending and gaining in popularity with the consumer.

HIGH PROTEIN MILK MARKET

  • High protein milk is made one of two ways, by filtering, or by adding milk protein into the milk.
  • The Global Milk Protein Market will grow to $18.25 billion by 2025, with a CAGR of 7.8%. Global demand is growing primarily due to the need for higher protein concentrations.
  • Fairlife, who uses a high filtration process hit $250 million in retail sales in 2017. These sales represent a 258% increase over 2015, even though the overall milk sales declined during this period.
  • Even though large brands dominate the market, small brands are driving the growth, being the only division to show growth according to McKinsey.
  • The ultra-filtered market has seen rapid growth in the last few years.
  • The global ultra-filtered key players are Coca-Cola, HP Hood LLC, Idaho Milk Products, Fonterra Co-Op, Kerry Group, Tatura Milk Industries Ltd., Darigold Ingredients Company, Erie Foods International, Inc., Enka Sut Company, and Grassland Dairy Products.
  • "In 2017, The U.S. Food and Drug Administration announced that ultra filtered milk can now be used to make all any of natural cheese products. The ultra filtered milk is the fresh farm milk develop through a filter process to minimize the amount of water and lactose and focus on the natural proteins. This will allow cheese makers to use ultra filtered milk with natural and concentrated form in cheese making products."
  • Changing consumer preferences, and a demand for nutritional products has created this new platform.
  • Dairy Foods states that using filtration technology could raise the bar and provide additional opportunities.
  •  Niche categories are showing growth, even though overall dairy sales are down.

CONSUMER INFORMATION

  • Research has shown that protein is a top priority for people.
  • Health, a desire for transparency, and sustainability are trends the milk market is currently experiencing.
  • Consumers have a high expectation for dairy, with 45% expecting dairy to be healthier than other foods, and 56% believing it is necessary for a balanced diet.
  • Over 40% of consumers say they have tried a new dairy brand in the last year.
  • Nearly 80% of shoppers are interested in protein.

RESEARCH STRATEGY

Our first step was to understand exactly what this market consists of. After researching, we discovered that high protein milk is either made by ultra-filtration or by adding milk protein to milk. It is referred to as ultra-filtration, value-added, and milk protein, along with high protein. When we researched, we used all four terms to make sure we covered every aspect.

In order to determine the market size and growth rate for high protein milk, we first consulted market research. McKinsey, MarketWatch, IBIS World, Mintel, Nielsen, and Bloomberg were consulted, and the only report we could find was a paid market report. This path did offer up some interesting insights.

Next, we went to industry associations to see if they might shed some light on the market share and growth. This research gave us some valuable insights, but no actual numbers we could use. We consulted KPMG, USDA, Food Navigator, Think Dairy USA, National Dairy Council, Ag Week, Duxes, Progressive Dairy, and Cargill.

As a final attempt to find any information on the high protein market, we went to industry publications. We researched PR Newswire, Beverage Daily, Food Business News, Dairy Business, and Dairy Reporter. Again, we found some information, but no quantitative information.

Ultimately, we believe that the two distinct ways that high protein milk is made, along with the "newness" of the concept, makes it a niche product that market research is not currently focusing on. There was a paid market report that would most likely share insight and actual market figures.
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Forecast - Organic Milk

The organic milk market is expected to grow at a CAGR of 5.8% until 2028. The United States organic milk market is estimated to be worth $2.7 billion in 2025, up from $1.924 billion in 2020. Overall, the market has experienced slow, steady growth in the past few years.

ORGANIC MILK MARKET GROWTH RATE

  • The organic milk market is expected to grow at a rate of 5.8% until 2028, globally. Considering that the United States makes up 40% of this market alone, the assumption was made that the CAGR would carry through to the United States market.

ORGANIC MILK MARKET FUTURE SIZE

  • In 2019, the organic milk market is expected to be worth $1.924 billion.
  • In 2020, the organic milk market is expected to be worth $2.036 billion.
  • In 2021, the organic milk market is expected to be worth $2.156 billion.
  • In 2022, the organic milk market is expected to be worth $2.28 billion.
  • In 2023, the organic milk market is expected to be worth $2.412 billion.
  • In 2024, the organic milk market is expected to be worth $2.552 billion.
  • In 2025, the organic milk market is expected to be worth $2.7 billion.

ORGANIC MILK MARKET FACTS

  • The organic milk market is dominated by a low number of players that control a major share of the overall sales.
  •  Kroger is a tier 2/3 company that hold a significant US share of the market. Other lower tier companies that hold a share of the market are Organic Valley, Straus Family Creamery Inc., and Clover Stornetta Farms Inc. These lower tier companies share 49% of the organic milk market.
  • Global organic milk sales were expected to go up by 440,000 liters in 2018, compared to 2017.

FACTORS AFFECTING THE MARKET

  • The pricing of organic milk when compared to conventional milk is much higher, and is considered a hindrance.
  • The market has witnessed, slow, steady growth in the past few years.

Research Strategy

To obtain the growth rate and market size for organic milk in the United States, we made an assumption and several triangulations. The United States share was not published except only behind paywalls. IBIS World and Market Watch both had market reports to purchase.

We were able to obtain the global market size ($4.3 billion in 2017), and the CAGR (5.8%). From there we were able to triangulate the global market until 2025. In another research report we discovered that the US holds 40% of the global share. Therefore, we took 40% of the global share to reach our future sizes for the US listed in the findings above.
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Forecast - Almond Milk

The almond milk market in the United States is expected to grow at a CAGR of around 13.90% over the next five years. The size of the almond milk market in the country is projected to grow from around USD 2.65 billion in 2019 to around USD 5.08 billion by 2024.

PROJECTED GROWTH AND SIZE

  • A bar chart provided by Grand View Research suggests that the size of the market for almond milk in the United States will increase from around USD 2.65 billion in 2019 to around USD 5.08 billion by 2024.
  • These figures suggest that the almond milk market in the country will grow at a CAGR of around 13.90% during the period 2019-2024.
  • This CAGR, in turn, suggests that the almond milk market in the country will grow in the following manner:
    • 2019 — USD 2.65 billion
    • 2020 — USD 3.02 billion
    • 2021 — USD 3.44 billion
    • 2022 — USD 3.92 billion
    • 2023 — USD 4.46 billion
    • 2024 — USD 5.08 billion
  • According to Grand View Research, the factors driving market growth include the increasing number of packaged almond milk options and the growing frozen dessert market.
  • Key manufacturers in the United States, including the Blue Diamond Growers and the Hain Celestial Group, have begun offering a broad selection of packaged almond milk.
  • The frozen dessert market is also considered one of the key markets driving growth in the country's almond milk consumption. It was responsible for 26.8% of the country's almond milk market in 2018.
  • The Good Food Institute reports that the dollar sales of almond milk, the category leader in the country's plant-based milk market, continue to increase.
  •  Millennials are being pinpointed as the primary reason the market is growing. More and more millennials are expressing or showing interest in vegan or vegetarian diets.

RESEARCH STRATEGY

We first checked if the projected size and growth of the United States almond milk market are readily available in the public domain. Because industry reports are the most common source of market size information, they were the first type of source we looked for. We found, however, that while there are a number of companies covering the country's almond milk market such as Mintel, Nielsen, and Grand View Research, they do not provide any information on the projected size and growth of the market. Nielsen, for example, offers only the latest historical year-on-year growth. Grand View Research, on the other hand, provides only the projected growth of the global almond milk market. A number of media outlets, including Refinery29 and Bloomberg, have published articles on the market, but the details provided in these articles do not touch on the projected growth and size. The article published by Refinery29, for example, only indicates that the country's almond milk industry is growing and that this growth is largely driven by millennials.

As there is no source in the public domain that readily provides the desired information, we decided to triangulate the answer. The source we found most useful in triangulating the market's projected size and growth was Grand View Research's report on dairy alternatives. This report, though paywalled, has a corresponding report summary that, in turn, shows a bar chart depicting the country's dairy alternative market and its breakdown by product (e.g., almond milk, soy milk). Most values are not displayed, but we observed that if USD 2.43 billion is represented on our screen by an 11-mm high bar, then by virtue of ratios, a 12-mm high bar must correspond to USD 2.65 billion and a 23-mm high bar must correspond to USD 5.08 billion. Height measurements may vary from one screen to another depending on the screen size and the zoom setting, but end results would remain the same given that ratios were used.

2015: USD 2.43 billion/11 mm = USD 0.2209 billion/mm
2019: 12 mm x (USD 0.2209 billion/mm) = USD 2.65 billion
2024: 23 mm x (USD 0.2209 billion/mm) = USD 5.08 billion

With the use of a CAGR calculator, we were able to confirm that these figures translate to a CAGR of 13.90%.

CAGR (2019-2024): (((USD 5.08 billion/USD 2.65 billion)^(1/5)) - 1) x 100% = 13.90%

And with this computed CAGR, we were able to estimate the following market sizes.

2020: USD 2.65 billion x 1.139 = USD 3.02 billion
2021: USD 2.65 billion x (1.139^2) = USD 3.44 billion
2022: USD 2.65 billion x (1.139^3) = USD 3.92 billion
2023: USD 2.65 billion x (1.139^4) = USD 4.46 billion
2024: USD 2.65 billion x (1.139^5) = USD 5.08 billion
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Forecast - Nut Milks

The cashew milk market has an expected CAGR of 18.18% during the forecast period of 2018-2024. Additionally, the market is expected to reach a size of $267.997 million by 2024. Information about the growth rate and future size of other nut milk markets such as macadamia, hazelnut, walnut, and peanut are locked behind paywall reports.

Cashew Milk Market Growth Rate and Future Size

  • The cashew milk market is expected to experience a healthy CAGR (Compound Annual Growth Rate) of 18.18% in the forecast period of 2018-2024.
  • The market is expected to reach a market size of $267.997 million by 2024.
  • Furthermore, the market is projected to grow from 2018’s $98.352 million.
  • The drivers of the market are from consumers’ awareness of their health and the growing population of lactose-intolerant consumers.

Other Findings

Macadamia Nut Market Growth Rate and Future Size

Hazelnut Milk Market Growth Rate and Future Size

Walnut Market Growth Rate and Future Size

  • The global walnut market is expected to experience a CAGR of 4.1% during the forecast period of 2017-2025.
  • Moreover, by the end of 2025, the market is expected to reach a size of $8,534.5 million.
  • The shelled walnuts segment of the market is considered to be the “most attractive segment” of the overall walnut market.

Peanut Market Growth Rate and Future Size

Research Strategy

Information about the market growth and future market size of the cashew milk industry was readily available. However, information about the projected market size of the macadamia, walnut, and peanut milk industries was not available. Most of the information that the research team found was about the overall market for each nut, and the segmentation of the milk products from each market is locked behind a paywall.

The research team started the search by looking into the different kinds of nut milk. Healthline identified almond, cashew, macadamia, hazelnut, walnut, and peanut to be the different kinds of nut milk. We then decided to concentrate on these kinds of nut milk except for almond milk.

The team first looked into the cashew milk market. We leveraged various business report sites such as Business Wire, PR Newswire, Reuters, Grandview Research, and others. A report from Business Wire stated the CAGR (the compound annual growth of cashew milk), the size of the market by 2024, and the drivers of market growth. This report is corroborated by a report from PR Newswire, which stated the same statistics about the market. Additionally, we found a book offered by Transparency Market Research that offers a detailed report on the given market. However, the book was behind a paywall.

The team then looked into the macadamia milk market. Once again, we looked into reputable business report sites such as Globe News Wire, Business Wire, and others. The team found a report from Globe News Wire which stated the CAGR of the overall market of macadamia nut products for years 2018 to 2028, and the current drivers of the market. However, there was no segmentation of the market. Upon further research, we found an article from Future Market Insights, which provided the projected size and segmentation of the macadamia nut market, but the full article was behind a paywall.

The research team then looked into the hazelnut milk market. We found a report from Business Wire that stated the CAGR of the overall hazelnut market for the forecast period of 2019 to 2024, but the source did not state information specific to the hazelnut milk market. Once again, the rest of the report and possible segmentation of the market was behind a paywall.

We then looked into the walnut milk market. During the search, we found an article from Scoop Junction that indicated the CAGR of the walnut market during the projected forecast period of 2017-2025. The article derived its findings from a report from Transparency Market Research which indicated both the CAGR of the market and the projected size of the market by 2025. However, the full report and segmentation of the market (including the walnut milk market) were behind a paywall. Another source indicated the growth of the walnut milk market, but once again, the segment of this market is behind a paywall.

Lastly, the team looked into the peanut milk market. During the search, we encountered reports from various sources such as Market Watch and 360 Market Updates which indicated the CAGR of the overall peanut market during the forecast period of 2018 to 2023. However, the sources did not mention any information specific to the peanut milk market and its projected market size. Additionally, the sources indicated a link to a report made by Market Research Feature, which has the segmentation of the market, but the report is locked behind a paywall.

After looking for the CAGR and projected market size of macadamia, walnut, and peanut milk markets, and finding that most information was locked behind a paywall, the research team decided to triangulate the required information by looking into the overall nut milk industry. We visited various market database sites such as Statista, Industry Herald, Reuters, and others. The team hypothesized that if any of the sources we visited have data pertaining the nut milk industry and its possible segmentation, we can then triangulate the overall CAGR of each nut milk market and its projected market size in the next three to five years. Statista had a segmentation of the overall milk industry. However, the segmentation only indicated milk and cream, yogurt and curdled milk, cream cheese, and cheese. No information or segmentation can be found specific to the nut milk industry.

We then broaden our search into media articles stating any information about the nut milk industry. We leveraged media sites such as Forbes, Vox, The Guardian, and others, to maximize the results of our search. During the search, we found statistics from Statista that discussed the dominance of almond milk in the dairy industry. However, the statistics did not discuss anything about the nut milk industry. Additionally, Forbes only had information about the consumers’ point of view on almond milk, and no other article that talked about the other nut milk market. After the exhaustive search, the team concluded that information about the growth rate and the projected market size of macadamia, walnut, and peanut milk market was only available behind paywall reports.

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Forecast - Soy Milk

In the United States, the expected growth rate of soy milk is 6.01%. The remaining details, including a listing of the strategic explanations and calculations, are presented below.

Soy Milk Growth Rate & Projection (2019-2024)

  • The expected growth rate of soy milk is 6.01%.
  • The projected market size for soy milk is estimated to be $1.4 billion. (see calculation and explanation)

Market Overview

  • In the United States, the soy beverages market offers products such as flavored soy milk, sweetened soy milk, unsweetened soy milk, and plain/unflavored soy milk.
  • The distribution channels of the US soy milk market include supermarkets and hypermarkets, convenience stores, online stores, and others.
  • Major players in the US soy market include Danone, Kikkoman Sales, Hain Celestial, Eden Foods, and Stremick’s Heritage Foods.
  • Technological advances in food processing have helped the soy milk industry grow.
  • Organizations that advocate for soy milk production, like the Soyfoods Association of North America, promote consuming soy as a way to replace cow milk which causes some people a relative amount of discomfort due to cow milk’s A1 protein.

Research Strategy:

EXPLANATION
The research team found that due to the unavailability of specific market size data through any industry report, we relied upon Statista which reported the projected sales of soy milk in the US in 2020. Hence, we took the 2020 figure ($1.1 billion) and used the previously obtained CAGR (6.01%) to calculate the estimated projected size of the soy milk market over the next five years starting from 2019 to 2024.

CALCULATION
*The United States soy beverages market is projected to register a CAGR of 6.01% during the forecast period (2019-2024).
*Projected Sale of soy milk in the US in 2020 = $1.1 billion 
*Using the reverse CAGR calculator, we calculate the projected size of the soy milk market over the next four years (since 2019-2020 figure is already given as $1.1 billion). Here we are calculating for the years 2020-2021, 2021-2022, 2022-2023, 2023-2024.
*Over the next five years from now (2019-2024) the projected future size of the soy milk market is estimated to be $1.4 billion. (see calculation screenshot) 
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Forecast - Legume Milk

While information specific to the legume milk market in the US was not readily available, we were able to determine that non-dairy milk market will reach $38 billion in revenue by 2024 while the plant-based milk market will reach $2.35 billion by 2023.

Defining legume milk

Legume milk as a part of the plant-based milk market

  • Legume milk is a subsegment of the plant milk market, with legume milk varieties including soy milk and pea milk. 
  • According to Food Navigator, the US pant-based milk reached $1.6 billion in revenue in 2018, up 9% from the previous year.
  • The global market is forecasted to increase from $14 billion in 2019 to $30 billion in 2029, growing at a CAGR of 8%.
  • Applying the 8% growth rate for the next 5 years on the current market size of plant-based milk market ($1.6 billion in 2018), we were able to calculate that the US plant-based milk market would reach $2.35 billion by 2023. (Estimated)

Legume milk as a part of the non-dairy milk market

  • The US market of non-dairy milk reached $2.11 billion in 2017 growing by 61% since 2012. (Source 5, Quote 1)
  • Legume milk is also considered to be a part of the non-dairy milk market since it included legume varieties such as soy, which accounted for 13% of its market share in 2017.
  • The global non-dairy milk market was projected to reach $38 billion in revenue by 2024, growing at a CAGR of 14% during the period.

Research Strategy:

Although, information about the plant-based milk market and the non-diary milk markets in the US was readily available, we could not locate the market size of the legume milk subsegment.

We began by looking into industry reports from research agencies such as Mordor Intelligence, Markets and Markets, Market research, GM Insights, and Technavio. Although there were several reports available for the pant-based milk market and the non-dairy milk market, there was no specific information about the market size of the legume milk market. As such we decided to identify the major vendors in the global non-dairy milk market and determine if we can estimate a figure based on their revenue breakdown. Some of the major vendors that also operate in the US include The White Wave Food Company, The Hain Celestial Group, Blue DiamondGrowers, SunOpta, and Miyoko Kitchen. However, these providers were diversified into many categories ranging from nuts, legumes, to grain seeds and had their operations spread across the world. As most of them were private entities, they did not provide a comprehensive breakdown of their revenue to be able to estimate the market size of the legume milk market in the US



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Forecast - Oat Milk

In 2017 the U.S. retail sales of oat milk would have been about $24.6 million while the current value in 2019 is $29 million. From 2017 to 2027, the expected growth rate (or CAGR) value of the oat milk market is approximately 8.58% and expected to reach $37.13 million by 2022.

US RETAIL MARKET OF OAT MILK

  • According to a recent publication by Bloomberg, in 2019, the market size of oat milk retail sales in the US is $29 million.
  • The current value represents an increase from 2017's market size, which was $4.4 million in the US.
  • Future Market Insights reported that the consumer's inclination towards organic foods has favored the oat drinks market.
  • The revenue generated by oat drinks that are certified organic is expected to be 8.4% between 2018 and 2027.
  • Natural oat drink has a 72.1% share in the total global oat drink market.
  • For 2019, the revenue of US plant-based milk, which includes oat milk, is $1.858 billion.
  • In 2017, the revenue of US plant-based milk was $1.636 billion.

RESEARCH STRATEGY

We began by searching for pre-compiled data for the expected growth rate and the projected future size of the oak milk market for the US. We looked through market reports and statistical databases like Global News Wire, IBIS World, Markets and Markets, Statista, and others. While most of these reports provided the global data for the oat drinks and dairy-alternative markets, the information about the US market is concealed behind a paywall.

Next, we tried to find the current market size and CAGR in the same sources. Our plan was using them to calculate the projected market size. However, none of the reports had publicly available information about the US market for oat milk and its growth rate.

After this, we tried to find the global market size and the percentage share of the US market to calculate the market size (projected), and the growth rate of the oat milk market in the US. We searched through various industry reports and articles like Global News Wire, RFDTV, and others. We also searched through, industry-specific sources such as Nielson report, Future Marketing Insights, The Good Food Institute, and others. Although these sources provided reports with relevant information, the data was available only through payment.

The report from Future Market Insights provided the information that the terms "oat drinks" and "oat milk" are interchangeable in the industry. With this new information, we decided to search for the US market size of oat drinks and growth rate. Most of the reports available about the global oat drink market had the data hidden behind paywalls. However, we found the projected growth rate of the global oat drink market and the share of the organic oat drink among the total oat drink market. We included this information in our brief; but, the overall strategy failed in obtaining the expected growth rate and projected future size of the oat milk market in the US.

Since oat milk is a newly introduced alternative milk, we decided to look for media articles for valuable information related to its market, revenue, and sales. We used reliable sources like Forbes, Financial Times, Vox, Bloomberg, Vegconomist, and more. We were able to find the current retail sales revenue of oat milk in the US. However, none of these sources provide any information about the overall market size in the US, the expected growth rate, and the projected future size of the market. With the information found, we decided to use this data to calculate and provide the desired values for this particular niche. Our calculations are found below.

Finally, after extensive research, we determined that the data for the expected growth rate and the projected future size of the oat milk market in the US is not available publicly. The reason could be that this is a niche market, and this type of alternative plant-based milk is relatively new. While most of the reports had the data hidden, the exact information is available through payment.

Although we could not provide the expected growth rate and the projected future size of the oat milk market in the US for over the next 3-5 years, we were able to provide the expected growth rate and the projected future size of the retail oat market in the US through calculations.

CALCULATIONS

The market in 2019 is valued at $29 million. The increase from 2017 was $4.4 million.
In 2017, the US retail sales of oat milk would have been about $24.6 million ($29 million — $4.4 million).
From the above, we calculated the expected growth rate using CAGR calculation tools and determined that the growth rate from 2017 to 2019 was 8.58 %.
Based on the industry's analysis of the market's trend to favor organic and plant-based food, we assumed this growth rate would continue for at least three years in the US. Therefore, through calculation, we can estimate that market of oat milk in the US over the next 3 years could be as follows:

For 2020, the US retail sales of oat milk could be = $31.49 million
For 2021, the US retail sales of oat milk could be =$34.19 million
For 2022, the US retail sales of oat milk could be =$37.13 million

We calculated using a reverse CAGR tool taking the 2019 revenue as starting value of $29 million and the CAGR calculated of 8.58%. Over one period for 2020, two periods for 2021, and three periods for 2022.

From this, it seems that our estimate for the projected growth rate for the oat milk market is almost near to the real value that was presented for the organic drinks of 8.4% between 2017 and 2027.






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Forecast - Aerated Whipped Topping

After an exhaustive search through credible sources, it appears that information on the expected growth rate and projected future size of the aerated whipped topping market is unavailable in the public domain.

Helpful Findings: Aerated Whipped Topping

  • As reported by Global Info Search, the global whipped topping market is anticipated to expand at a compound annual growth rate (CAGR) of about 6.1% from 2019 to 2024. By the conclusion of the forecast period (2024), the market is projected to reach a value of $4.620 billion, up from around $3.440 billion in the year 2019.
  • According to Statista, an estimated 204.6 million Americans are expected to consume whipped topping in 2023.
  • Some of the leading brands of canned whipped topping are Rich's, Reddi-Wip, Dream Whip, and La Crème.
  • The United States experienced a shortage of canned whipped cream during 2016 due to a limited supply of nitrous oxide.
  • Nitrous oxide is largely utilized in the automotive, medical, and food and beverage sectors in the United States. Its global market size is predicted to be worth $1.47 billion by 2025, growing at an estimated CAGR of 7.1% from 2018-2025.
  • Additionally, nitrous oxide is administered as a propellant to create whipped cream. In spray cans of whipped cream, it is used to fuel the substance's expulsion.
  • Aerated whipped cream is convenient as it has a lengthy shelf life and minimal wastage.

Research Strategy:

Our research began by searching for information on the expected growth rate and projected future size of canned whipped cream or aerated whipped topping in the United States. We searched through various market reports from Mordor Intelligence, Market Watch, Business Wire, Statista, etc., hoping to identify relevant data. The information we came across was limited the growth rate and projected future size of whipped topping and whipped cream. From Statista, we discovered the forecasted whipped topping consumption of Americans. We were unable to locate information specific to aerated whipped topping or whipped cream in a can.

Next, we searched through food and beverage articles and magazines, national news reports, and media articles specific to the category of aerated whipped topping or canned whipped cream, seeking any data points we could use to triangulate an answer. We searched through sources such as Omaha, Locapov, Eater, and TheDailyMeal, which did not produce useful results. We found information revealing that in 2016, there was a shortage of canned whipped cream in the United States. Additionally, we found information on the leading brands of canned whipped cream in the country.

Afterward, we attempted to triangulate an answer using the information we discovered in our previous strategies. Since there was a shortage of canned whipped cream in 2016 due to a deficiency of nitrous oxide in the country, we conducted additional research on the use of nitrous oxide for whipped cream. We found out that it is employed as a propellant to create whipped cream and utilized to fuel the whipped cream expulsion from spray cans. We then applied this information to investigate the projected market size of nitrous oxide specific to the food industry. By identifying the projected market size of nitrous oxide specific to the food sector, we could then determine the possibility of either a shortage or constant supply of canned whipped cream in the United States. We searched through Grand View Research, Market Watch, PRNewswire, etc. Instead, the information we found was limited to the predicted global market size of nitrous oxide and no information specific to the United States.

We then attempted another triangulation approach by exploring for the projected or target production size of canned whipped cream over the next few years for leading brands (e.g., Reddi-Wip, Dream Whip, Rich’s, and La Crème). We scrutinized each company's news updates, press releases, annual reports, etc., to obtain information on their target production volumes for canned whipped cream. However, we just found the current status of the companies, their share in the whipped cream market, overviews of their products, etc. There was no useful information available.

Due to the unavailability of data, we were unable to provide the expected growth rate and projected future size of the aerated whipped topping market in the United States.
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Forecast - Dairy Dessert Market in FoodService

After an extensive search through market research reports and attempts at triangulation, information on the expected growth rate and the projected future size of the dairy dessert market within the foodservice market was not readily available. However, insights on the global and North American dairy dessert markets have been provided below.

HELPFUL INSIGHTS

  • The global dairy desserts market is expected to garner a revenue of $1.5 billion by 2024, with 2.9% CAGR between 2019 and 2024.
  • The global dairy desserts market is projected to grow at a CAGR over 4.2% between 2017 and 2023.
  • North America's dairy desserts market, which includes the US, is projected to grow significantly between 2019 and 2024.
  • Ice cream, ice cream cakes, and chocolate sundaes are three of the top ten favorite desserts in the US.
  • North America's market is driven by the rising popularity of comfort food and preference of freshly prepared milk-based desserts and frozen yogurts.
  • The North American market is also driven by perpetual innovations and new product launches by the key players who are introducing new flavors to the dairy desserts market.
  • This growth is also supported by an increase in consumer awareness due to intense marketing and advertisements.
  • The growth rate of the market in the North American dairy desserts market is expected to be moderate, with the US being the major contributor, followed by Canada.
  • The US frozen desserts market will be worth $35.2 billion by 2025, growing at a CAGR of 3.7%.

RESEARCH STRATEGY

We began by searching for precompiled information from market research reports published on reputable sites such as Reuters, Market Research Future, and Market Watch, as well as press releases via major media outlets such as PR News Wire, NBC, and Business Wire. The idea was that the publications often contain relevant market research findings with statistics. Media outlets as well, often report on the results of the various market studies by market research firms. We found global dairy dessert reports such as by Market Research and Market Research Future that gave a breakdown of the market sizes and projections by region such as North America, which was further broken down into the US, Canada, and Mexico. Unfortunately, the information we needed was behind paywalls. Even so, we retrieved helpful insights from such reports such as the expected growth of global dairy dessert.

Alternatively, we tried to find the required data by focusing on each of the dairy desserts segments such as ice cream, milkshakes, custard, pudding, and yogurt. We hoped to find projected market sizes, which could be used to calculate the overall market size and projected growth in the US over the next 3-5 years. We focused on food and beverage magazines and the dairy dessert reports by segments. A thorough search through various sources did not reveal the information that we needed. A report by Think US Dairy highlighted that ice cream is the most popular among the dairy desserts in the US and globally, but did not provide any statistics as relates to its market size and growth projections. We also found a market research report published by Grand View Research that provided segment forecasts for the various frozen desserts, including ice cream and yogurt. Unfortunately, the forecast data was behind paywalls.

Next, we attempted to find information that we could use to triangulate the US dairy desserts market growth and projections. We aimed to find the US's current market share of the global dairy desserts market. Using the market share, we would calculate the projected growth using the information on the projections for the global dairy dessert market. While we found projections for the global dairy desserts market, we could not establish the current US market share of the global dairy desserts markets. The approach proved futile as we could not find reports, press releases, or industry publications that have information on the US market share of the global dairy desserts industry.

We also tried to broaden the scope of the research to find the growth projections for the North American region. The idea was to find information that we could use as a proxy for growth projections for the US dairy dessert market. Still, market research reports that we found contained relevant information but were behind paywalls and media outlets held no relevant data. For instance, the market research published on Pioneer Reporter focused on North America but was behind a paywall. Even so, we found useful insights on Reuters on the key drivers of the growth of the North American dairy desserts market.
Part
10
of fourteen
Part
10

Forecast - Sour Cream

The projected future size of the Sour Cream market in the United States is USD $423.66 million in terms of value sales and 46.58 million Kg in terms of volume sales, in 2023.

VALUE SALES PROJECTION

  • The North American Sour cream volume sale is expected to witness a CAGR of 2.2%, during the forecast period of 2018 – 2023.
  • The U.S. Market, which was valued at USD 371.8 Million in 2017 will grow to a figure of USD $423.66 million in 2023.

VOLUME SALES PROJECTION

  • In 2016 the volume sales of Sour Cream in the US market was almost 40 million Kg.
  • The U.S. Market, which registered sales of 40 million Kg of sour cream in 2016 will grow to a figure of 46.58 million Kg in 2023.
  •  235.35 million Americans used sour cream in 2019 and the figure was projected to increase to 240.15 million in 2023.
  • The above numbers translate into a growth of 0.51% CAGR for the period 2019 – 2023 in the numbers of Sour Cream consumers in the United States.

USEFUL FINDINGS

  • According to Mordorintelligence, the North America Sour cream market was valued at USD 572 million in 2017.
  • Out of this total USD 572 million of value sales US accounted for 65% or (USD 572 million*65%) i.e. USD 371.8 million in 2017.

YOUR RESEARCH TEAM APPLIED THE FOLLOWING STRATEGY

We began the research by looking for all the precompiled information related to the expected growth rate and the projected future size of the sour cream in the United States over the next 3-5 years. We had to use the North America-CAGR applicable for the Sour Cream market for 2018 – 2023 to determine the values since the exact growth/size numbers applicable for the US market were not publicly available.
Part
11
of fourteen
Part
11

Forecast - Cottage Cheese


The US cottage cheese market is expected to grow at a flat rate of 0.5% in the next five years, generating approximately one billion USD annually. In terms of Total Addressable Market (TAM), the market is expected to reach 162.92 million consumers by 2023 from 161.28 million consumers in 2019 at a CAGR of approximately 0.25%.

US COTTAGE CHEESE MARKET FORECAST

  • According to Statista, the Total Addressable Market (TAM) of the US cottage cheese market is predicted to grow from 161.28 million users in 2019 to 162.92 million users by 2023.
  • In terms of TAM, the US cottage cheese market is forecast to grow at a CAGR of approximately 0.25% from 2019 to 2023
  • The US cottage cheese market is forecast to continue to generate approximately $1 billion in the next five to ten years if the market is not disrupted.
  • The US cottage cheese industry is predicted to experience a flat growth rate of 0.5% in the next five to ten years.
  • The US cottage cheese industry is said to be making little forward progress due to lack of big players in the industry.
  • According to experts' analysis, the predicted decline of the US yogurt market by 3.5% from 2018 to 2023 presents the cottage cheese market opportunities to grow.
  • Per capita consumption of cottage cheese in the past five years averages to 2.1 pounds per person.

RESEARCH STRATEGY

Your research team has leveraged publicly available data on the US cottage cheese market to provide the requested information (forecast market size and growth rate in the next five years) after consulting multiple market reports, authoritative agencies' databases, and media sources like United States Department of Agriculture (USDA), Allied Market Research, FoodNavigator-USA, Market Insights Reports, Crytptocurrency News, and BRANDONGAILLE. A wide-reaching search through multiple US and global cottage cheese market reports for information or data points on the US market yielded no information on the US market, all the reports consulted have this information behind a pay wall.

We then proceeded to conduct a press search on the subject matter to see if news articles, interviews, and press releases could share details and statistics that could be useful in at the very least triangulating an estimate, a thorough search through these sources provided information and data points on the US market. We also used Omni CAGR calculator to calculate and verify the claims of these sources. We also leveraged multiple sources to corroborate information (market size and growth rate) found in each of the sources, as outlined below.

Calculation / Verification of Market Information (Market Size and Growth Rate)

The US cottage cheese is forecast to generate approximately $1 billion annually in the next five years at a flat rate, this information is further corroborated by NOSH's data, which asserted that the market is growing at a steady rate of 0.5% to generates $1.1 billion. Using Omni CAGR calculator, $1.1 billion (2018 market size) as the initial value, 0.5% as the CAGR, and five years as the number periods, we estimated the market size in the next five years (2023) to be $1.13 billion which can be approximated to $1 billion (one significant figure). This is also further supported by the historical (the past five years) data on the consumption rate of cottage cheese in the US, which averages to 2.1 pounds per person as well as market size.

We also leveraged Omni calculator in estimating the growth rate of the market in terms of Total Addressable Market (TAM) as follows:
Initial value — 161.28 million (2019) 
Final value — 162.92 million (2023) 
Number of Years — Four years (2019 to 2023) 
CAGR = 0.25%
Part
12
of fourteen
Part
12

Forecast - Creamer

The coffee creamer market in the United States is expected to reach $3.4 billion this year with a growth rate of 3.4% in 2019 alone. Its ease of consumption is a primary driver for the increase in creamer demand in the global market. The increasing preferences for dairy alternatives is expected to impact the United States creamer market by sluggish consumption.

United States Coffee Creamers Market

  • According to the report published by IBIS World, the coffee creamer market in the United States has experienced a steady rise over the past five years mainly due to the increased consumption of coffee. The report reveals that the coffee creamer market is expected to reach $3.4 billion this year with a growth rate of 3.4% in 2019 alone.
  • The coffee creamer market, that consists of powdered creamer, unflavored liquid creamer, and flavored liquid creamer is predicted to grow at a CAGR of 1.5% during the forecast period 2014-2019.
  • The companies that hold the largest market share in the United States are Dean Foods, Nestle SA, TreeHouse Foods Inc., and Danone SA.

Global Creamers Market

  • One of the key drivers for the rise in creamer demand in the global market is due to the ease of its consumption. The increasing number of cafes, hotels, food service retailers, and restaurants also drives the demand for creamers.
  • Nestle, Evenlode Foods Limited, Whitewave Foods Company, among others, are some leading players in the global creamers market.

Other Findings

  •  TreeHouse is a leading distributor and manufacturer of private label products like baked goods and beverages including powdered creamer.
  • According to Market Data Forecast, the United States is the world's second-largest producer of milk, however, it was found that demand for dairy whiteners and milk is higher than its supply.
  • Due to the growing preferences for dairy alternatives, the creamer market is expected to be "impacted by a sluggish consumption" in the United States. It was also found that there is a decline in the consumption of dairy whiteners primarily due to the rise in the market share of beverages such as coffee.
  •  Coffee creamers or coffee whiteners are mainly used as a substitute for cream or milk.

Research Strategy

We began our search by looking into industry-specific reports in websites such as IBIS World, Market Research, Markets and Markets, and Transparency Market Research. An exhaustive search through these channels provided no information on the growth rate and predictions of the future size of dairy-based creamer. Instead, data was found on the overall creamer market and the market size of the coffee creamer market in the United States. During our search, we also found various reports on the projected future of the creamer market, however, these reports could not be accessed due to paywall restrictions.

We then expanded our search to include dairy associations in the United States such as the American Dairy Association and Dairy Council and the National Dairy Council. We expected to find reports or articles of the industry associations about growth, revenue, or projections of the market. However, there was no information on dairy/creamer production nor projections. We further expanded our search to include reports of companies that manufacture or distribute dairy creamer products in the United States such as Nestle, Treehouse Foods, Danone, among others. We searched through annual reports, press releases, and executive statements published by these companies for any information on their individual dairy creamer projections and growth.

We further attempted to triangulate the required information by looking for research reports on the non-dairy segment. The idea was to deduct the non-dairy creamer market from the overall creamer market size to give us the dairy-based creamer market size. We searched through various industry reports from websites such as BusinessWire, PRNewswire, and MarketData Forecast, but found no relevant information on the subject.
Part
13
of fourteen
Part
13

Forecast - Whipped Cream

After an exhaustive search through credible sources, it appears that information on the expected growth rate and projected future size of the whipped cream market in the United States is unavailable in the public domain.

Helpful Findings

  • Nestle, Novotech Food Ingredients, Luna Evaporated Milk, F & N Dairies, and Borden Dairy Company are some of the leading players/brands in the global whipped cream market.
  • The whipped cream market is segmented into condensed milk and evaporated milk.
  • Business Wire reports that the global whipping cream market is projected to grow at a CAGR of 4.2% from 2018-2023 and hit $3.32 billion by the conclusion of the forecast period.
  • The also report indicated that the U.S. is the second largest market for whipping cream, behind only Germany.
  • Pioneer Reporter states that the global whipped topping market is projected to grow at a CAGR of 6.1% from 2019 to 2024 and reach $4.62 billion at the end of the forecast period.
  • As of 2018, North America has a 36.56% share of the global whipped topping market, behind only Europe at 42%.
  • The total number of whipped topping consumers in the U.S. in 2019 is 200 million. This figure is expected to rise to 204.6 million by 2023.

Research Strategy:

Our research began by thoroughly searching for relevant market reports to provide the expected growth rate and projected future size of the United States whipped cream market. We scoured through trusted market reports from Grand View Research, Market and Market, and Technavio, as well as third-party statistical databases such as Statista. However, we were unable to locate a report on the size of this particular market in the United States.

Next, we searched for either historical or projected data on the number of consumers of whipped cream products in the United States. We explored for expert reports, dairy magazines, and journals such as the Journal of Dairy Science, Red Bubble, Cake Journals, Casaveneracion, and others. Again, we did not find relevant data. We did find statistics from Statista that provided a historical and projected breakdown of whipped topping consumption in the United States. However, as this request centers on whipped cream instead of whipped topping, it was not useful.

Afterward, we searched for market reports on the global whipped cream market, as well as the market share of the United States. Also, we checked other reliable market research reports such as Market Watch, Business Wire, Market Study Report, etc. While there were reports on the global market size and the market share of the U.S., they are behind a paywall. However, we came across articles on the global whipping cream and whipped topping markets, which included projected market sizes and growth rates.

Furthermore, we searched for a list of the top players in the global market or the United States. From a list of global players, we were able to identify U.S. companies. We proceeded to search for any market share data of the businesses, which we could use with their revenue to triangulate the current market size of the market. However, there was no available data point on either the market share of the top players specific to whipped cream products, nor was there any breakdown of their revenue exclusively for whipped cream. Hence, we could not continue with a triangulation approach.
Part
14
of fourteen
Part
14

Forecast - Milkshake Consumption

The overall consumption of milkshakes has been on the rise because of two main trends: 1. Health benefits have pushed consumers to tailor make their drinks based on their preferences
2. Over-the-top freakshakes are visually appealing. However, both these trends are at risk of becoming overpriced as a result of the spike in prices of natural ingredients, which may drive consumers to find other, more affordable options.

THE TREND IN MILKSHAKE CONSUMPTION

  • According to recent research, the market for packaged milkshakes is expected to grow by 7% between 2018 and 2022.
  • The increase in milkshake sales is based on rising health concerns by consumers, as milkshakes have allowed consumers to consume their daily dose of diary and/or fruit and nuts.

THE VERSITILITY OF THE CLASSIC MILKSHAKE

  • Milkshakes are more frequently consumed because they can be adaptable to various dietary preferences.
  • Furthermore, various milkshake “add-in’s” have also become popular, allowing consumers to customize their drinks to either make them more indulgent or healthier by adding protein powders and/or probiotics.

THE INTORDUCTION OF THE “FREAKSHAKE”

  • Another trend within the milkshake market that has seen growth, is the introduction of the “freakshake,” defined as “a milkshake with numerous toppings.” A freakshake can include cream, ice cream, “sauces, and indulgent delicacies such as chunks of brownie, nuts, pretzels, biscuits and even whole slices of pie.”
  • Restaurants and café’s have since introduced freakshakes on their menus, which are elaborately decorated with various toppings to create aesthetic works of art that usually require the consumer to use cutlery to eat.
  • As a result, these freakshakes have become popular, not solely for their taste, but because of the consumer's ability to post pictures of these drinks on Instagram.
  • Thanks to social media, the consumption of milkshakes and freakshakes has risen due the unique visual appeal they offer to their consumers.

THE ECONOMICS BEHIND MILKSHAKES

  • Despite their popularity, either as a milkshake or freakshake, recent research has shown that vanilla (used to create a classic vanilla milkshake) now costs more per kilo than silver, as the price has risen nearly 500% in the last 5 years. As a result, this can have a knock-on effect on the overall price of milkshakes that contain natural ingredients.

Sources
Sources
From Part 01

Horizon Organic takes on Fairlife with high protein milk line

foodnavigator-usa.com
Publication Year: 2019
Quotes
  • "Fairlife hit $250m in retail sales in 2017. They use a filtration process that separates the milk into its parts and recombines them. "
  • "We realized that protein is a top priority for people, but an organic option was not available. "

Milk Proteins

thinkusadairy.org
Quotes
  • "Global demand for milk proteins is growing primarily due to the need for ingredients with higher protein concentrations. The applications of milk proteins vary depending on the protein content. In general, concentrated milk proteins can be used in a variety of food categories from soups and sauces, meat products, bakery products, confectionery and chocolate to the manufacturing of dairy products like yogurt and cheese"

The sad story of dairy’s decline: Problem is obvious, solutions...

agweek.com
Publication Year: 2019
Quotes
  • "So the ongoing slump in the U.S. dairy industry is distressing. Beset with a multi-year stretch of poor milk prices and limited profitability, far too many dairy producers have shut down or are in imminent danger of doing so. From 2017 to 2018 alone, 6.5 percent of U.S. dairy farms went out of business, according to U.S. Department of Agriculture statistics."

High Protein Milk by The Complete Dairy // Product Review // TPBCo.

lovepbco.com
Publication Year: 2018
Quotes
  • "Filtered milk. Nothing much to see there which is great. I’m guessing the filtering process is how they get the higher protein and lower lactose. "

Disruption! Consumer trends are impacting the dairy supply chain. Here’s

dairybusiness.com
Publication Year: 2019
Quotes
  • "Savvy operators are going to study consumer trends and find their niche and space in which they can thrive. Today there are numerous trends impacting the food & beverage category, including but not limited to a focus on health, desire for transparency and sustainability, and a growing social consciousness."
  • "Consumers have high nutrition expectation for dairy  45% expect dairy to be healthier than other foods  56% believe real dairy is necessary for a balanced diet "
  • "Fairlife LLC’s Fa!rLife® milk is another dairy innovation that is disrupting the fluid milk market in a big way. This ultra-filtered, lactose free milk is tapping into several hot consumer trends. From the health side it touts 50% more protein and 30% more calcium, with 50% less sugar than typical fluid milk. It’s also marketed with specific commitments related to ethical practices, the planet, farming, people and innovation"
  • "And consumers are saying yes to fairlife® products in a big way. Since 2015 annual sales of fairlife milk have grown by $223 million, a 258% increase in a subsegment of the fluid milk category that overall declined by 12.8% during the same time period. This milk averages $3.61 per unit, compared to the average unit price of $2.68. This highlights the fact that consumers are willing to pay a premium for products that align with their needs and wants.*"

Get More from Your Milk: Increasing Profit through Value-Added Products

extension.psu.edu
Publication Year: 2019
Quotes
  • "What is "Value-added"? What does the term "value-added" mean to you? To the U.S. Department of Agriculture (USDA) Office of Rural Business Development, "value-added" is defined in the following manner: The incremental value that is realized by the producer from an agricultural commodity or the product as the result of 1. a change in its physical state; "
m

McKinsey- Dairy

mckinsey.com
Quotes
  • "Small brands are driving dairy growth. Private label has declined by 2.5%, large has declined by 1.3%, but small has grown by 3.8%. "
  • "41% of dairy consumers report trying a new brand in the last 12 months. "

Organic Valley debuts new Ultra filtered milk

dairyreporter.com
Publication Year: 2019
Quotes
  • "Organic Valley is the first ultra filtered organic milk to roll out in the US. It will rollout in WHole Foods first. "
  • "The ultra-filtered market has seen rapid growth in the last few years. "

Dairy on the Go: Emerging Trends, Applications and Ingredients

naturalproductsinsider.com
Publication Year: 2018
Quotes
  • "Dairy is showing a slight decrease in U.S. sales; however, niche categories exhibit growth, according to Idaho Milk Products marketing manager Ron Hayes. He attributed the high-protein, low-sugar ice cream trend to the recent increase in ice cream sales, and pointed out whole-fat yogurt has re-emerged as well."
  • "“People are really focusing on avoiding carbs and adding more protein to their diets,” Hayes said. These products let them do so without sacrificing taste or experiencing the chalky feeling commonly associated with past products with added protein."
  • "Experts noted three main features trending in dairy end products: clean label, low sugar and high protein."

Protein Trends in the Dairy Department

progressivegrocer.com
Publication Year: 2019
Quotes
  • "Refrigerated milk has been declining in sales, but several new products offer promise for a better performance in 2019. A report from SPINS notes that organic milk labeled as being from grass-fed cows has experienced notable growth."
  • "Another new specialty milk is fairlife, an ultra-filtered milk that boasts 50 percent more protein, 30 percent more calcium and half the amount of sugars found in typical milks. In addition, it’s lactose-free. SPINS reported 13.3 percent year-over-year sales growth of milk labeled lactose-free."

fairlife ultra-filtered milk sales surged 79% in 2016; Core Power and Yup! to be brought under fairlife brand umbrella

foodnavigator-usa.com
Publication Year: 2017
Quotes
  • "Fairlife sales grew by 79% in 2016."

Ultrafiltered Milk Market - Global Industry Analysis and Forecast 2028

transparencymarketresearch.com
Quotes
  • "Ultrafiltered milk is also known as diafiltered milk which is a subcategory of milk protein concentrate which has become a more widely available product in the market. Ultrafiltered milk offers various health benefits such as it contain more protein, calcium, vitamins & minerals, lactose-free, and less sugar than ordinary milk, thus the product offering resonates well with the consumer’s growing demand"
  • "Changing consumer preferences, and demanding for nutritional products has created a new platform for ultrafiltered milk in the market. It can be used to produce fresh dairy-based food and beverages that are rich in protein, lower sugar, and carbohydrates than ordinary milk."
  • "Rising consumer awareness, rapidly growing demand for high protein milk products, increasing prevalence of lactose intolerance in adulthood, innovation in product packaging, accelerating online sales channel that helps in distributing the FMCG products directly to end-use consumers are the some of the reasons for focusing on ultrafiltered milk market"
  • "Global Ultrafiltered Milk Market: Key Players Some of the key players operating in the global ultrafiltered milk market are The Coca-Cola Company, HP Hood LLC, Idaho Milk Products, Inc., Fonterra Co-operative Group, Kerry Group, Tatura Milk Industries Ltd., Darigold Ingredients Company, Erie Foods International, Inc., Enka Sut Company, Grassland Dairy Products, and others. "
  • "• In June 2018, The Coca-Cola Company has introduced new ultrafiltered milk ‘Fairlife’- a high protein ultrafiltered milk, in Canada market and planned to establish a new production facility to in Peterborough, Ontario by 2020. The company has launched the ultrafiltered milk to expand its market footprint along with customer base globally. The product was launched in 2014 in Minnesota and is distributed across the US market."
  • "• In 2017, The U.S. Food and Drug Administration announced that ultrafiltered milk can now be used to make all any of natural cheese products. The ultrafiltered milk is the fresh farm milk develop through a filter process to minimize the amount of water and lactose and focus on the natural proteins. This will allow cheesemakers to use ultrafiltered milk with natural and concentrated form in cheese making products."

State of the industry: Dairy

foodbusinessnews.net
Publication Year: 2018
Quotes
  • "This view is fueling protein’s strong health halo and driving consumer action globally with nearly 80% of shoppers interested in protein, according to research from HealthFocus International, St. Petersburg, Fla. The study showed that all protein is not the same as 60% of shoppers have specific preferences when it comes to the sources of protein they consume."
  • "Dairy foods and dairy proteins are viewed favorably, with more than two-thirds (68%) of shoppers surveyed identifying both milk and yogurt as good sources of protein. More than half (56%) recognize cheese for its desirable protein content, too."

State of the Industry 2017: Milk is on trend and getting the word out

dairyfoods.com
Publication Year: 2017
Quotes
  • "Opportunity also could be found via continued product innovation, of course. For example, combination milk and coffee products already can be found in the marketplace, but dairy processors could raise the innovation bar by playing with milk’s composition via filtration technology — enhancing protein content, increasing calcium, reducing sugars and more, Kaliappan said."

Duxes Functional Food & Dairy News Report

duxes-foodbeverage.com
Publication Year: 2019
Quotes
  • "The Duxes Functional Food & Dairy News Report is your premier source for breaking developments in the food & beverage industry, including market analysis, product trends, cutting-edge R&D, the latest government policies and regulations, and other important information."

Ultrafiltered Milk Industry l Demand For High Protein Milk Products Has Created A New PlatformGlass Fiber Foundry Filter 10-Year Market Forecast and Trends Analysis Research ReportDC Vaccum Sputter Equipment Market Industry Shares Report Analysis 2019-2025Warm Air Heaters Market Forecast and Trends Analysis Research Report 2019-2025Glass Fiber Foundry Filter 10-Year Market Forecast and Trends Analysis Research ReportDC Vaccum Sputter Equipment Market Industry Shares Report Analysis 2019-2025Advanced Process Control Software Market Share with Comprehensive Analysis and Scope to 2018Multiplexed Diagnostics Market Expected to Grow at US$26.36 Billion in Revenue by 2024Warm Air Heaters Market Forecast and Trends Analysis Research Report 2019-2025Heat and Moisture Exchanger Market, Share, Growth, Trends And Forecast To 2025 – DataInteloKitchen Tankless Water Heater Market Demand Analysis by 2025

financialplanning24.com
Publication Year: 2019
Quotes
  • "Ultrafiltered milk is also known as diafiltered milk which is a subcategory of milk protein concentrate which has become a more widely available product in the market. Ultrafiltered milk offers various health benefits such as it contain more protein, calcium, vitamins & minerals, lactose-free, and less sugar than ordinary milk, thus the product offering resonates well with the consumer’s growing demand. "
  • "Changing consumer preferences, and demanding for nutritional products has created a new platform for ultrafiltered milk in the market. It can be used to produce fresh dairy-based food and beverages that are rich in protein, lower sugar, and carbohydrates than ordinary milk."
  • "However, stringent government regulations, consumers are inclining towards non-dairy products, the presence of alternative products in the market with high market penetration, and price fluctuation in the dairy market are some of the factors that may hinder the growth of global ultrafiltered milk market during the forecast period."
b

Bloomberg

bloomberg.com
Quotes
  • "A key driver for the global milk protein concentrates market is the growing infant formula market. Milk protein concentrates are used in the production of infant formula as they contain high levels of encapsulated bioavailable calcium in their natural form. Factors such as the increased awareness among parents about the nutritional benefits of infant formula, increase in birth rates in many countries, and the growing number of working women are promoting the demand for infant formula. This will lead to the growth of the milk concentrates market. "

Global $18.25 Billion Milk Protein Market Analysis and Trends 2013-2016 and 2025: Next Generation Dairy Ingredients are Gaining Attention Like Whey Proteins Isolated Directly From Milk - Research and Markets

prnewswire.com
Publication Year: 2017
Quotes
  • "The Global Milk Protein Market is poised to grow at a CAGR of around 7.8% over the next decade to reach approximately $18.25 billion by 2025."
From Part 02

Organic Milk Market Forecast

docs.google.com
h

Global Organic Milk Production Market Report 2018

home.kpmg
Publication Year: 2018
Quotes
  • "Organic milk makes up 0.9% of the dairy production. "
  • "The global value of organic milk is $4.3 billion. "
  • "Challenges: Legal challenges against the plat based industry have noted that the FDA has not enforced its own definition of the term milk. Previous dairy court challenges based on consumer confusion have not been successful. "
  • "Organic dairy farms are 35-90% smaller than conventional farms. "
  • "The cost of organic dairy farming is 1.3-1.6 times higher than the cost of conventional farming, and land use is 7-71% higher. "

Organic Milk Market – 2019 Industry Trends, Size, Growth Insight, Share, Emerging Technologies, Share, Competitive, Regional, And Global Industry Forecast to 2024

marketwatch.com
Publication Year: 2019

Organic Milk Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028

factmr.com
Publication Year: 2018
Quotes
  • "Organic milk marketplace is marked by relatively low number of players who control a major share of the overall sales of organic milk. "
  • "Presence of tier 2 and tier 3 companies involved in the production and distribution of organic milk continues to remain concentrated in developed counties, particularly the United States and Canada. The Kroger Company holds a significant share in the US. Other companies such as Organic Valley, Straus Family Creamery Inc., and Clover Stornetta Farms Inc. hold a major base in the North America region, with an overall share of around 49 percent in the organic milk market."
  • "The pricing of organic milk is relatively higher than conventional milk, which is one of the major limitations restricting the growth of the organic milk market. Albeit its higher nutrient value, consumers are preferring organic milk alternatives owing to their low prices."

Organic Milk Market Remains Highly Consolidated; Top Four Players Account for Over 30% Revenue Share, Finds Fact.MR

factmr.com
Publication Year: 2018
Quotes
  • "The organic milk market is likely to maintain healthy growth rate during the assessment period 2018-2028, as steadily growing awareness among consumers in the last decade translates into commercial opportunities for companies. "
  • "Fact.MR, in its latest study on the organic milk market, estimates global sales to increase by 440,000 liters in 2018 over 2017."

Organic Milk Market Remains Highly Consolidated; Top Four Players Account for Over 30% Revenue Share, Finds Fact.MR

hoards.com
Publication Year: 2018
Quotes
  • "CAGR 5.8 2018-2028 Global "

Global Organic Milk Market is Expected to Reach US$ 5683 Mn by 2025 - QY Research

prnewswire.com
Publication Year: 2018
Quotes
  • "This market has been witnessing slow but steady growth in past few years"
  • "The US is likely to grab about 40% revenue share."

IBISWorld - Industry Market Research, Reports, and Statistics

ibisworld.com
Publication Year: 2018
From Part 03

Dairy Alternatives Market Size, Share | Industry Trend Report 2019-2025

grandviewresearch.com
Publication Year: 2019

Almond Milk Market Size, Share | Global Industry Report, 2019-2025

grandviewresearch.com
Publication Year: 2019

U.S. Plant-Based Market Overview - Research From Nielsen

gfi.org
Publication Year: 2019

CAGR Calculator - Calculate Compound Annual Growth Rate Online

cagrcalculator.net
Publication Year: 2019

US non-dairy milk sales grow 61% over the last 5 years

mintel.com
Publication Year: 2018

A Showdown in the U.S. Milk Aisle Continued at the End of July

nielsen.com
Publication Year: 2018

Why You’re So Obsessed With Almond Milk: An Investigation

refinery29.com
Publication Year: 2018
From Part 04

Decode the World of Nut Milks with This Guide

healthline.com

Global Cashew Milk Market Report 2019: Innovations by Major Players are Expected to Widen up Growth Opportunities, 2018-2024 - ResearchAndMarkets.com

businesswire.com
Publication Year: 2019

Global $268M Cashew Milk Market: Industry Forecasts from 2019 to 2024

prnewswire.com
Publication Year: 2019

Cashew Milk Market - Global Industry Analysis and Forecast | 2025

transparencymarketresearch.com
Publication Year: 2019

Macadamia Market is projected to expand at a CAGR of 7.5% throughout the period of assessment (2018 - 2028)

globenewswire.com
Publication Year: 2018

Macadamia Market: Processed & Raw Forms of Macadamia to See Significant Adoption in Processed Food Industry: Global Industry Analysis 2013 - 2017; and Opportunity Assessment 2018 - 2028

futuremarketinsights.com
Publication Year: 2017
s

Walnut Market to Expand with 4.1% CAGR from 2017-2025

scoopjunction.com
Publication Year: 2019

Global Walnuts Market is expected to reach US$8,534.5 Mn by 2025 - TMR

transparencymarketresearch.com
Publication Year: 2018

Walnut Milk Market Is Expected To Grow with a Healthy CAGR During 2017-2027

marketdiscovery.wordpress.com
Publication Year: 2019

Milk Products - worldwide | Statista Market Forecast

statista.com
Publication Year: 2019

Infographic: Almond Milk Is The Biggest Alternative To Dairy

statista.com
Publication Year: 2019

Consumers Show They Know Almond Milk Doesn’t Come From Cows

forbes.com
Publication Year: 2019

Global Hazelnut Market to Witness a CAGR of 10.1% During 2019-2024 - Chocolate Manufacturers are Re-Introducing their Signature Products with Hazelnut-Incorporated Product Lines - ResearchAndMarkets.com

businesswire.com
Publication Year: 2019

Hazelnut market report

persistencemarketresearch.com

Peanuts Market to Grow Exponentially By 2023 Registering a 5.6%CAGR from 2018 – 2023; Affirms MRFR

marketwatch.com
Publication Year: 2019

Global Peanut Milk Market Report 2019 Competitive Landscape Trends And Opportunities – 360 Market Updates

360marketupdates.com
From Part 05

United States Soy Beverages Market | Growth | Trends | Forecast

mordorintelligence.com
Publication Year: 2018

U.S. soy milk sales 2015-2020 | Statista

statista.com
Publication Year: 2016

Soy milk sales in the United States from 2015 to 2020 (in million U

docs.google.com

Reverse CAGR Calculator : Calculate Future Value

cagrcalculator.net

Screenshot of CAGR calculation

docs.google.com
From Part 06

Legumes: Good or Bad?

healthline.com
Quotes
  • "The legume family consists of plants that produce a pod with seeds inside. The term “legume” is used to describe the seeds of these plants."
  • "Common edible legumes include lentils, peas, chickpeas, beans, soybeans, and peanuts."

Understanding the Plant Milk Market | Polyculture

polyculturegroup.com
Publication Year: 2019
Quotes
  • "The Nut milk category contained popular favorites like Almond, Cashew, Coconut and Macadamia."
  • "Legumes consisted of classics like Soy and new innovations like Pea. "
  • "Grains had Rice and the popular Oat milk bases; and, finally, Seeds were comprised of Hemp, Quinoa and Flax."
  • "Legumes such as Soy and Pea milk possessed a high calorie count along with high protein."

US retail sales of plant-based milk up 9%, plant-based meat up 24% YoY

foodnavigator-usa.com
Publication Year: 2018

Plant-based Milk Market to Reach a Value of US$ 30 Bn by 2029 | CAGR of 8%

transparencymarketresearch.com
Publication Year: 2019
Quotes
  • "The plant-based milk market is expected to record a revenue of ~ US$ 14 Bn in 2019, and is expected to grow at a CAGR of ~ 8% through the forecast period. "

US non-dairy milk sales grow 61% over the last 5 years

mintel.com
Publication Year: 2018
Quotes
  • "As the popularity of plant-based nutrition grows, it seems non-dairy milk* is increasingly finding its place in Americans’ refrigerators. New research from Mintel reveals that non-dairy milk sales have seen steady growth over the past five years, growing an impressive 61 percent since 2012, and are estimated to reach $2.11 billion in 2017."
  • "While almond (64 percent market share), soy (13 percent market share) and coconut (12 percent market share) remain staples in the category, new non-dairy milk types are sparking excitement as consumers look to diversify their non-dairy milk repertoire."
  • "While almond, coconut and soy milks remain the most popular types of non-dairy milk, other nut and plant bases are gaining traction, including pecan, quinoa, hazelnut and flax milks. Both established and new brands are taking advantage of the growing non-dairy milk segment, innovating with alternative non-dairy bases."

The global non-dairy milk market is projected to reach revenues of more than $38 billion by 2024

prnewswire.com
Publication Year: 2019
Quotes
  • "The global non-dairy milk market is projected to reach revenues of more than $38 billion by 2024, growing at CAGR of over 14% during 2018-2024."
  • "The US nondairy milk market which includes, cheese, creamer, butter, yogurt and ice cream witnessed a significant growth of 50% in 2018, and currently represents 15% of the overall dairy market."

Soy Milk Market Size Worth $23.2 Billion By 2025 | CAGR: 6.1%

grandviewresearch.com
Publication Year: 2019
Quotes
  • "The global soy milk market size is expected to reach USD 23.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.1% over the forecast period. "

CAGR Calculator - Calculate Compound Annual Growth Rate Online

cagrcalculator.net

Reverse CAGR Calculator : Calculate Future Value

cagrcalculator.net
From Part 07
b

Oatly’s Path to Alt‑Milk World Domination

bloomberg.com
Publication Year: 2019

Oat Drinks Market

futuremarketinsights.com
Publication Year: 2019

U.S. Plant-Based Market Overview - Research From Nielsen

gfi.org
Publication Year: 2018

CAGR Calculator - Calculate Compound Annual Growth Rate Online

cagrcalculator.net

Reverse CAGR Calculator : Calculate Future Value

cagrcalculator.net
From Part 08

U.S.: consumption of whipped topping 2011-2023 | Statista

statista.com
Publication Year: 2019
Quotes
  • "According to this statistic, 200 million Americans consumed whipped topping in 2019. This figure was projected to increase to 204.6 million in 2023."

Things You Didn’t Know About Reddi-Wip

thedailymeal.com
Publication Year: 2018

Global Whipped Topping Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

globalinforesearch.com
Publication Year: 2019
Quotes
  • "The worldwide market for Whipped Topping is expected to grow at a CAGR of roughly 6.1% over the next five years, will reach 4620 million US$ in 2024, from 3440 million US$ in 2019, according to a new GIR (Global Info Research) study."

America Hit With a Canned Whipped Cream Shortage

eater.com
Publication Year: 2016

Explainer: what is nitrous oxide (or nangs) and how dangerous is it?

theconversation.com
Publication Year: 2019

The difference between whipped cream and whipping cream, and how to whip whipping cream - CASA Veneracion

casaveneracion.com
Publication Year: 2018

Nitrous Oxide Market Size, Share & Trends Analysis Report By Application (Automotive, Medical, Electronics, Food & Beverages), By Region (North America, APAC), Competitive Landscape, And Segment Forecasts, 2018 - 2025

researchandmarkets.com
Publication Year: 2018
From Part 09

Dairy Desserts Market by type, Size, Share and Global Forecast – 2024 | MRFR

marketresearchfuture.com
Publication Year: 2019
Quotes
  • "The global dairy desserts market is expected to garner a revenue of USD 1.5 billion by 2024 with 2.9% CAGR during the forecast period of 2019–2024."
p

Dairy Desserts North America Market Archives - Pioneer Reporter

pioneerreporter.com
Publication Year: 2019

Dairy Desserts, Ice Cream Facts, Nutrients and Popular Desserts, Pudding

healthyeating.org
Publication Year: 2019
Quotes
  • "Dairy desserts are extremely popular all over the world. In fact, ice cream, ice cream cakes and chocolate sundaes are three of the top 10 favorite desserts in the U.S."

U.S. Frozen Desserts Market Worth $35.2 Billion By 2025 | CAGR: 3.7%

grandviewresearch.com
Publication Year: 2017
Quotes
  • "U.S. Frozen Desserts Market Worth $35.2 Billion By 2025| CAGR: 3.7%"

Dairy Desserts Market – Global Insights, Growth, Size, Comparative Analysis, Trends, Technology Status, Demands, Segmentation and Forecast to 2023

ktvn.com
Publication Year: 2019
Quotes
  • "North America is anticipated to be growing at a moderate rate for dairy desserts market. The U.S. is the major contributor followed by Canada for dairy desserts market in North America"

Dairy Desserts Market 2019 - Reuters

reuters.com
Publication Year: 2019
Quotes
  • "The dairy desserts market in the North America region is projected to expand at a notable growth rate during the assessment period owing to the increasing popularity of the concept of comfort food, rise in preference of freshly prepared milk-based desserts and frozen yogurts by the population of this region. Increasing demand for packaged and frozen food products among the young population is also fueling the expansion of the dairy desserts market in the North America region."

U.S. Dairy Products | Dairy Desserts

thinkusadairy.org
Publication Year: 2019

Global Dairy Desserts Market is projected to grow at a CAGR over 4.2% during the period 2017- 2023

marketwatch.com
Publication Year: 2018
Quotes
  • "Global Dairy Desserts Market is projected to grow at a CAGR over 4.2% during the period 2017- 2023"
From Part 10

North America Sour Cream Market | Growth | Trends | Forecast (2018 - 2023)

mordorintelligence.com
Publication Year: 2018
Quotes
  • "The North America Sour cream market was valued at USD 572 million in 2017 and is expected to register a faster growth rate during 2018-2023. The US is the largest market accounting for 65% of the value sales which is followed by Canada. The North America Sour cream volume sale is expected to witness a CAGR of 2.2%, during the forecast period. North America consumed about 79 million Kg of Sour Cream in 2017."
  • "US is the largest consumer of sour cream followed by Canda and Mexico with a volume consumption surpassed 40 million Kg in 2016. Canada sour cream market size is expected to reach around three-fourth of US by 2023, witnessing a fastest volume CAGR of 4.9%. "

Sour Cream Market | Size | Share | Trends | Forecast (2018-2023)

mordorintelligence.com
Publication Year: 2018
Quotes
  • "The global Sour cream market was valued at USD 1.6 billion in 2017 and is expected to register a faster growth rate during 2018-2023. The global Sour cream volume sale is expected to witness a CAGR of 1.7%, during the forecast period. Europe consumed about 304 million Kg of Sour Cream in 2017 with Germany the largest market."

U.S.: usage of sour cream 2011-2023 | Statista

statista.com
Publication Year: 2019
Quotes
  • "This statistic shows the usage of sour cream in the United States from 2011 to 2019 and a forecast thereof until 2023. The data has been calculated by Statista based on the U.S. Census data and Simmons National Consumer Survey (NHCS). According to this statistic, 235.35 million Americans used sour cream in 2019. This figure was projected to increase to 240.15 million in 2023."

U.S. population Usage of sour cream from 2011 to 2023.PNG

drive.google.com
Quotes
  • "This statistic shows the usage of sour cream in the United States from 2011 to 2019 and a forecast thereof until 2023. The data has been calculated by Statista based on the U.S. Census data and Simmons National Consumer Survey (NHCS). According to this statistic, 235.35 million Americans used sour cream in 2019. This figure was projected to increase to 240.15 million in 2023."

Unit sales of the leading sour cream brands in the U.S. 2018 | Statista

statista.com
Publication Year: 2018
Quotes
  • "This statistic shows the unit sales of the leading sour cream brands in the United States as of 2018. For the 12 weeks ended January 28, 2018, approximately 52.14 million units of private label sour creams were sold in the United States."

Reverse CAGR Calculator : Calculate Future Value

cagrcalculator.net

CAGR Calculator - Calculate Compound Annual Growth Rate Online

cagrcalculator.net
From Part 11

U.S.: usage of cottage cheese 2011-2023 | Statista

statista.com
Publication Year: 2019
Quotes
  • "According to this statistic, 161.28 million Americans used cottage cheese in 2019. This figure was projected to increase to 162.92 million in 2023."

Cheese - Global Market Outlook (2017-2026)

giiresearch.com
Publication Year: 2019

U.S. Cheese Market by Source (Cow Milk, Sheep Milk, Goat Milk, and Buffalo Milk), Type (Natural Cheese and Processed Cheese), Product (Mozzarella, Cheddar, Feta, Parmesan, Roquefort, and Others), Distribution Channel (B2C and B2B), and Label Type (Private and Non-Private) - Opportunity Analysis and Industry Forecast, 2017-2025

alliedmarketresearch.com
Publication Year: 2018
Quotes
  • "The U.S. cheese market size was valued at $32,291 million in 2017, and is projected to reach $40,467 million by 2025, growing at a CAGR of 2.8% from 2018 to 2025."

CAGR Calculator (Compound Annual Growth Rate)

omnicalculator.com
Publication Year: 2019

13 Cottage Cheese Industry Statistics and Trends

brandongaille.com
Publication Year: 2018
Quotes
  • "The cottage cheese industry in the United States is stalled. It is looking for someone to come in and be a disruptor. Although the market is good for $1 billion in sales consistently, there is little forward progress being made."
  • "If no disruptors are willing to enter this industry, than expect it to continue producing revenues at an average of $1 billion per year over the next 5-year and 10-year periods. If a disruptor is able to make an impact, than the growth potential for cottage cheese could follow a similar curve to that of Greek yogurt products in the past decade."
e

Dairy products: Per capita consumption, United States (in pounds per person) 1/

ers.usda.gov
Publication Year: 2019

Can Two Legacy Dairy Companies Make Cottage Cheese Cool? | NOSH

nosh.com
Publication Year: 2019

Global Packaged Cottage Cheese Market 2019|Current Industry Status & Growth Opportunities with CAGR of 9.73% Forecast to 2023 - Cryptocurrency News

ourcryptojournal.com
Publication Year: 2019
Quotes
  • "Our Research analysts forecast the Global Packaged Cottage Cheese Market to grow at a CAGR of 9.73% during the period 2018-2023."

Global Cottage Cheese Market Insights, Forecast To 2025 | Market Insights Reports

marketinsightsreports.com
Publication Year: 2019
Quotes
  • "The cottage cheese industry will grow steadily during the next few years owing to the significant contribution by the countries in the North Americas. Consequently, the North Americas will account for the major share of the cottage cheese market share and size throughout the forecast period."

IBISWorld - Industry Market Research, Reports, and Statistics

ibisworld.com
Publication Year: 2019
Quotes
  • "Overall, in light of rising per capita dairy consumption, which has risen an annualized 0.9% during the same period, demand for industry products is growing, though price declines have reduced revenue per sale, ultimately causing industry revenue to decline an annualized 1.9% to reach $50.1 billion, which includes expected growth of 2.8% in 2019 alone."
From Part 12

Creamers Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

transparencymarketresearch.com

IBISWorld - Industry Market Research, Reports, and Statistics

ibisworld.com
Publication Year: 2019

United States Refrigerated Coffee Creamers Market Trends Report

businesswire.com
Publication Year: 2016

TreeHouse Foods, Inc. - What We Make - Beverages

treehousefoods.com

Dairy Whitener Market Analysis, Size, Share, Growth Trends, Forecast 2024

marketdataforecast.com
Publication Year: 2018

Dairy Whitener Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022

factmr.com
Publication Year: 2017

KMC - taking food forward

kmc.dk
From Part 13

Global Whipped Cream Market Insights, Forecast to 2025

marketstudyreport.com
Publication Year: 2018

Global Whipping Cream Market Report 2018-2023: Bakery and Food Service Driving Sales - ResearchAndMarkets.com

businesswire.com
Publication Year: 2018
p

Growth of Whipped Topping Market in Global Industry; Overview, Size and Share 2019-2024 - Pioneer Reporter

pioneerreporter.com
Publication Year: 2019

U.S.: consumption of whipped topping 2011-2023 | Statista

statista.com
Publication Year: 2019

Source 4 Screen Shot.

docs.google.com
Publication Year: 2019
From Part 14

Packaged Milkshakes Market - Rapidly Increasing Private Label Offerings to Promote Growth | Technavio

businesswire.com
Publication Year: 2018
Quotes
  • "The increasing popularity of milkshakes is because of their several health benefits. As milkshakes are usually made from milk and fruits, they provide essential nutrients, vitamins, and trace elements. In addition, milkshakes are also a good source of probiotics."

The Rise of Milkshake and Smoothie Customization

foodservice-snacks-desserts.com
Publication Year: 2019
Quotes
  • "The customization craze has long been present in the shakes and smoothies category, where consumers are accustomed to personalizing their beverages with a variety of ingredient choices."

Definition of freakshake | New Word Suggestion | Collins Dictionary

collinsdictionary.com
Publication Year: 2019
t

Uncovering the Freakshake Craze

travelocity.com
Publication Year: 2017
Quotes
  • "Most Freakshakes follow a fairly similar formula. They are usually presented in a hip mason jar filled with a milkshake and then piled high with as many goodies as possible to make it unique, impressive and … Instagramammable. Why? Because it’s rare to find a person drinking a Freakshake without photographing it. And that’s the influence of social media."
  • "If you drink a Freakshake without Instagramming it, did it actually ever exist?"

FOCUS- Spice maker McCormick’s quest to make your vanilla milkshake cheaper

cnbc.com
Publication Year: 2019
Quotes
  • "A kilo of vanilla beans costs more than a kilo of silver."
  • "In less than five years, the wholesale price has risen nearly 500 percent, partly because of growing global demand for healthy, natural ingredients."