2023 September Board Book

Total US Dollar Sales YTD Ending July 30 MULO+C Total US

NATURAL CHEESE MILK YOGURT FROZEN NOVELTIES ICE CREAM WEIGHT CONTROL CREAMS/CREAMERS BUTTER PROCESSED CHEESE CREAM CHEESE PLANT-BASED MILK WHIPPED TOPPINGS SOUR CREAM COTTAGE CHEESE

2021

2022

2023

For more details, please review the Board Sales Report – July 2023.

Processor Capabilities

Extended Shelf-Life Milk

The category of Extended Shelf-Life (ESL) milk is experiencing notable growth, maintaining its upward trajectory across the United States. Dollar sales have surged by 11% in comparison to the previous period. On a global scale, the ESL milk industry is projected to have reached a value of $1.2 billion dollars in 2022, with further expansion expected to propel it into a $2.1 billion dollar industry by 2028 ( Benzinga , 2023). Currently, California serves as a hub for ESL milk production, with notable processors including Albertsons, HP Hood, Rockview, 9 th Ave, and Stremicks Heritage Foods. The demand for ESL milk consistently surpasses the combined production capacity of all participants, making new business growth in ESL challenging. Promising developments are on the horizon, as new production lines are anticipated to be launched at the Albertsons (San Leandro) and 9th Avenue plants. Additionally, expansion initiatives from California Dairies Inc and Ninth Avenue are in progress, with expectations of completion by end of 2024. The forthcoming expansions will alleviate some but not all of the capacity constraints and better align supply with the burgeoning demand for ESL milk products.

Made with FlippingBook - Online Brochure Maker