Despite a 3.3% decrease of unit sales, the milk category demonstrated strong strength, notching an increase of more than 7% to $15.32 billion for the 52 weeks ending Sept. 4, IRI data reports. Milk is king of the dairy category leader, followed by Cheese and Yogurt.
Although the industry faces many challenges, there are exciting opportunities for future growth, according to the six dairy industry executives we queried.
During the event, the family-owned company recalled the history of starting up its U.S. division in Port Washington, N.Y., on March 15, 1972, later moving operations to Hauppauge, N.Y., Islandia, N.Y., and then to Mason, Ohio.
Refrigerated ready-to-drink (RTD) coffee and tea were red hot, with percolating sales of nearly $949 million and $1.44 billion, respectively, in multi-outlets for the 52 weeks ending July 10, IRI data states. Percentage-wise, coffee saw a 27% sales increase, while tea added year-over-year sales of 11%.