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2025 U.S. Industry Statistics & Market Forecast - Dry, Condensed, and Evaporated Dairy Product Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Dry, Condensed, and Evaporated Dairy Product Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Dry, Condensed, and Evaporated Dairy Product Manufacturing industry include:- Increasing demand for shelf-stable milk products in emerging markets
- Shift towards plant-based dairy alternatives
- Implementation of advanced processing technologies for efficiency
- Growing consumer preference for low-sugar and low-fat products
- Expansion of product lines to include organic and natural options
- Impact of trade policies and export-import regulations on global supply chains
- Rising costs of raw materials
- Stringent food safety and quality regulations
- Adoption of sustainable and eco-friendly manufacturing practices
- Influence of health and wellness trends on product innovation
- Increased use of e-commerce for direct-to-consumer sales strategies
- Focus on packaging innovations to extend shelf life and reduce waste
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Dry, Condensed, and Evaporated Dairy Product Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Dry, Condensed, and Evaporated Dairy Product Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Dry, Condensed, and Evaporated Dairy Product Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 4% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 1% | |||
| Office and Administrative Support Occupations | 7% | |||
| Installation, Maintenance, and Repair Occupations | 7% | |||
| Other Installation, Maintenance, and Repair Occupations | 6% | |||
| Production Occupations | 47% | |||
| Food Processing Workers | 17% | |||
| Miscellaneous Food Processing Workers | 17% | |||
| Food Batchmakers | 15% | |||
| Other Production Occupations | 24% | |||
| Packaging and Filling Machine Operators and Tenders | 14% | |||
| Packaging and Filling Machine Operators and Tenders | 14% | |||
| Transportation and Material Moving Occupations | 20% | |||
| Motor Vehicle Operators | 6% | |||
| Driver/Sales Workers and Truck Drivers | 6% | |||
| Material Moving Workers | 13% | |||
| Laborers and Material Movers | 11% | |||
| Laborers and Freight, Stock, and Material Movers, Hand | 6% | |||
Dry, Condensed, and Evaporated Dairy Product Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Dry, Condensed, and Evaporated Dairy Product Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Dry, Condensed, and Evaporated Dairy Product Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Dry, Condensed, and Evaporated Dairy Product Manufacturing industry. |
Source:
Latest Industry News
- The Hong Kong Drink Combination That Starts With Milk Tea - The Hong Kong restaurant Lan Fong Yuen claims to have invented the drink in 1952. Whether true or not, it appears to have grown popular selling to drivers and laborers who needed an extra caffeine ... (07/08/2025)
- World Economic Outlook, October 2019: Global Manufacturing Downturn, Rising Trade Barriers - IMF - Full Report and Executive Summary Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook. Growth is projected to pick up to 3.4 percent in 2020 (a 0.2 percentage point downward revision compared with April), reflecting primarily a projected improvement in economic performance in a ... (07/07/2025)
- Quebec's Dairy Farmers Are Blocking Free Trade in Canada - AOL - An outdated supply management system—designed to protect Quebec’s small dairy farms—is undermining Canada's global trade ambitions and hurting its own consumers. (06/21/2025)
- Quartet® Dry-Erase Glass Board Products Awarded GREENGUARD Gold Certification - Business Wire - The Quartet products now with UL GREENGUARD Gold Certification include: The *NEW* Agile Glass Dry-Erase Easel Brilliance Glass Dry-Erase Boards, Brilliant White, All sizes (06/19/2025)
- Scalable powdered graphene amplifies composites manufacturing, molding - TMTP Labs (New Orleans, La., U.S.) introduces two novel, cost-effective and scalable, powdered graphene products for the composites industry. The products were developed to assist composites manufacturers, molders and solution providers to position new families of TMTP’s advanced products in industry. TMTP-2430 is a high-purity, intact lattice, two-to-four-layer graphene powder with 30 µm ... (06/19/2025)
- Ports of Indiana forges partnership with Ireland's Port of Cork - The Ports of Indiana signed an agreement with the Port of Cork in Ireland that could bring more international container traffic to the Port of Indiana-Burns Harbor. (06/17/2025)
- Homemade Sweetened Condensed Milk - MSN - This recipe thickens the more it cools, up to a certain point, of course. Make sure your water is plenty hot enough to dissolve both the dry milk and sugar. You don’t want to end up with clumps ... (06/16/2025)
- The 7 Best Nut Milk Makers, Tested & Reviewed | NBC Select - There are a variety of nuts you can use to make non-dairy milk, like almonds, cashews, hazelnuts and walnuts. Plus, there are nut products that are processed differently, which alters their flavor. (06/12/2025)
- Manufacturing sales values tumble on slump in dairy and oil - The largest falls in manufacturing in the March quarter were in the manufacturing volume of meat and dairy products, down 1.5 per cent from the December quarter.Robyn Edie / Not-For-Syndication ... (06/10/2025)
- Premier Energies Limited and Sino-American Silicon Products Inc. Announce a Joint- Venture for Solar Wafer Manufacturing - has signed a 74:26 joint venture agreement with Taiwan-based Sino-American Silicon Products Inc. (SAS), whose subsidiary, GlobalWafers Co. Ltd., is the world's third-largest manufacturer of ... (05/20/2025)
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