There's been little reason for cultured dairy processors to celebrate in recent months. During the 52 weeks ending Feb. 24, 2019, most major cultured dairy categories/subcategories saw retail dollar sales fall, according to data from Chicago-based market research firm IRI.
Back in 2017, energy drink sales seemed tired. The category experienced only a 2.1% increase in dollar sales and a 1.8% increase in unit sales that year, according to data from Chicago-based market research firm IRI for the 52 weeks ending Dec. 3, 2017.
It's no secret that the fluid milk category has been struggling at retail for quite some time. However, sales of flavored milk and whole milk actually made some impressive gains in the not-too-distant past.
The competition among ice cream brands remains fierce, as some scramble to answer the call for "healthy indulgence" and others seek to grab attention with unique flavors and premiumization.
Exports are a demand-pull phenomenon, and demand has been good. U.S. milk equivalent exports from January to July were record high, up 19.5% from 2017.
They might not be sold hot, but ready-to-drink (RTD) coffee and tea are sizzling when it comes to U.S. sales. Dollar sales for the convenience-minded category jumped 5.1% during the 52 weeks ending Aug. 12, 2018, to reach $6.3 billion, according to data from Chicago-based market research firm IRI.
In the frozen dessert market, ice cream typically reigns supreme among consumers who are looking to indulge in a treat. But even ice cream sales are struggling.
On May 31, Mexico announced retaliatory tariffs on U.S. cheese, and then on June 16, China announced retaliatory tariffs against most U.S. dairy products.