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Dairy Farms in the US Industry Data and Analysis
Revenue in the dairy industry has climbed over the current period primarily due to strong demand and stable production. Though volatile, milk prices have grown overall since 2021. Producers have capitalized on consumer preferences for cheese and other high-fat, high-value dairy items, which continue to drive revenue upwards. Meanwhile, other consumer trends present a challenge as plant-based milk alternatives gain market share, posing a significant threat to traditional dairy milk markets. Government programs like Dairy Margin Coverage help buffer against price volatility, helping farmers navigate these competing pressures effectively. Industry revenue has ticked up at a CAGR of 1.1% to reach an estimated $52.3 billion after an increase of 2.2% in 2026.
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What's included in this industry analysis
IBISWorld's research coverage on the Dairy Farms industry in the United States includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released January 2026.
About this industry
What's this industry report about?
The Dairy Farms industry in the United States operates under the NAICS industry code 11212. Operators in this industry primarily raise cattle for milk. The industry includes only the sale of raw milk and excludes the production of drinkable fluid milk and processed dairy products, such as butter, cheese and powdered milk. Those value-added activities are covered in the Dairy Product Production industry (IBISWorld report 31151). Related terms covered in the Dairy Farms industry in the United States include organic, cooperative, farm gate price, raw milk, pasteurization, check-off dollars and highly pathogenic avian influenza (hpai).
What's included in this industry?
Products and services covered in Dairy Farms industry in the United States include Milk for dairy products, Fluid milk and Milk for pasteurization.
What companies are included in this industry?
The Dairy Farms industry in the United States is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Dairy Farms industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Dairy Farms industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Dairy Farms industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Dairy Farms industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Dairy Farms industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Dairy Farms industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Dairy Farms industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Dairy Farms industry in the United States.
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Frequently Asked Questions
What is the market size of the Dairy Farms industry in the United States in 2026?
The market size of the Dairy Farms industry in the United States is $52.3bn in 2026.
How many businesses are there in the Dairy Farms industry in the United States in 2026?
There are 23,551 businesses in the Dairy Farms industry in the United States, which has declined at a CAGR of 3.3 % between 2021 and 2026.
How may import tariffs affect the Dairy Farms industry in the United States?
The Dairy Farms industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Dairy Farms industry in the United States?
The Dairy Farms industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Dairy Farms industry in the United States grown or declined over the past 5 years?
The market size of the Dairy Farms industry in the United States has been growing at a CAGR of 1.1 % between 2021 and 2026.
What is the forecast growth of the Dairy Farms industry in the United States over the next 5 years?
Over the next five years, the Dairy Farms industry in the United States is expected to grow.
What does the Dairy Farms industry in the United States include?
Dairy cattle farming and Milking dairy cattle are part of the Dairy Farms industry in the United States.
How competitive is the Dairy Farms industry in the United States?
The level of competition is moderate and increasing in the Dairy Farms industry in the United States.
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