Concentrated milk and cream market in the United States

Earlier Report Observations

From 2018 to 2022, the U.S. concentrated milk and cream market displayed divergent movements in volume and value. In physical terms, market size peaked at 1 018 thousand tons in 2019 before a gradual contraction to 947 thousand tons by 2022. Concurrently, the market's value followed a different trajectory, declining to 1 797 million USD in 2019 but then climbing steadily to reach 3 091 million USD in 2022.

The market volume rebounded to 989 thousand tons in 2023, while its value decreased to 2 504 million USD. This recovery in physical terms was underpinned by specific industry developments. Valley Milk LLC expanded its production facility to meet rising demand for anhydrous milk fat from the ice cream and confectionery sectors. Major cooperative California Dairies, Inc. also strengthened its supply chain position. Federal policy support through the Dairy Margin Coverage program helped stabilize producer output, and shifting consumer preferences toward premium and organic dairy products further aided consumption. For 2024, analogous factors such as sustained federal support and ongoing consumer trends toward health-oriented products continued to shape the market environment.

Production concentrated milk and cream in the United States

In kind, 2017-2020, K t

From 2017 to 2020, the United States maintained its position as the world's leading producer of concentrated milk and cream by volume.

Top producers of concentrated milk and cream, 2017-2020

World map of production of concentrated milk and cream, 2017-2020

The United States saw its concentrated milk and cream production decline for the third year in a row. In 2020, output reached 1 003.5 thousand tonnes, remaining largely unchanged from the previous year.

Annual dynamics of production in the United States in kind, 2017-2020, K t

In value, 2017-2020, M $ US

After two years of decline, the United States experienced an increase in the value of its concentrated milk and cream production. In 2020, output was valued at 2 281 million US dollars, marking a 28.3% rise compared to 2019. Between 2017 and 2020, production grew by 4.8%, equivalent to an annualized rate of 1.6%. The lowest value was recorded in 2019 at 1 777 million US dollars, which also saw the largest decline of 14.4%.

Annual dynamics of production in the United States in value, 2017-2020, M $ US

Exports concentrated milk and cream from the United States

Exports in kind, t

In 2020, the United States exported 10 896 tonnes of concentrated milk and cream, representing a sharp decline of 38.7% from the previous year. Between 2017 and 2020, exports fell by 36.4%, with an annualized rate of 14.0%. The peak was in 2019 at 17 774 tonnes, which also recorded the largest increase of 4.3%.

Annual dynamics of product's exports from the United States in kind, 2017-2020, t

From 2017 to 2020, the main destinations for US concentrated milk and cream exports by volume were Mexico (34.0% of exports), the Dominican Republic (10.5%), and Canada (7.5%). Together, these three countries accounted for 52.0% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from the United States in kind, 2017-2020

Exports in value, K $ US

US exports of concentrated milk and cream in value terms declined for the third consecutive year. In 2020, exports totaled 24 767 thousand US dollars, down 21.1% from the previous year. Over the 2017-2020 period, exports decreased by 32.1%, with a compound annual growth rate of -12.1%.

Annual dynamics of product's exports from the United States in value, 2017-2020, K $ US

During 2017-2020, US concentrated milk and cream exports in value terms were distributed across numerous markets. Even the top destinations—Mexico, Vietnam, and China—collectively represented only 41.1% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from the United States in value, 2017-2020

Imports concentrated milk and cream to the United States

Imports in kind, t

The US import market for concentrated milk and cream showed volatility during the observed period. Imports peaked in 2019 at 29 821 tonnes and fell to a low of 8 375 tonnes in 2020, a 3.6-fold difference. The 2020 figure represented a decrease of 71.9% from the prior year. The largest increase occurred in 2019, at 153.2%.

Annual dynamics of product's imports to the United States in kind, 2017-2020, t

From 2017 to 2020, the primary suppliers of concentrated milk and cream to the United States by volume were Chile (40.5% of imports), Peru (27.1%), and Mexico (14.6%). Together, these three countries accounted for 82.2% of total import volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to the United States in kind, 2017-2020

Imports in value, K $ US

US imports of concentrated milk and cream in value terms declined for the second consecutive year. In 2020, imports stood at 47 547 thousand US dollars, down 7.4% from the previous year. Between 2017 and 2020, imports decreased by 16.9%, with an annualized rate of 6.0%. The highest value was recorded in 2018 at 62 836 thousand US dollars, which also saw the largest increase of 9.8%. The largest decline occurred in 2019, at 18.3%.

Annual dynamics of product's imports to the United States in value, 2017-2020, K $ US

In 2017-2020, the leading suppliers of concentrated milk and cream to the United States by value were Chile (42.2% of imports), Peru (22.1%), and Mexico (18.4%). Collectively, these three countries represented 82.7% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to the United States in value, 2017-2020