Dairy Products and the shifting market; Data Analysis and Sales Strategy using Packaging and Advertisement
The Dairy Market as a whole has seen a
considerable rise in the recent years, some products may be going down in use
while others are still on a considerable rise in the usage and revenue. Milk is
one of the products that is facing a loss of revenue in the coming future, even
though in the current times half of the US population still uses Milk in their
dairy in a high amount in their daily lives, but the revenue and usage for this
product is said to decline about 20-30% from 2019 to 2023. Talking about the
products that are still booming and will be on the rise even in the future are
Cheese and Butter. The Cheese and Butter Markets are both quite huge and there
is so much competition in the sales of these products due to the amount of
retailers, but the competition is not the type that fluctuates as due to the differences
in the type of these products. If you read Dairy Boxes before you make a purchase you will see that each retailer offers
something different for you.
Cheese Market is expected to grow at the
rate of 2.23% each year from 2019 to 2023, this means that the profit margin
will be high and rising, on the other hand butter is rising at even faster
rate, the average American that uses butter in 2019 is 299 Million Dollars
(299,000,000$) while this is expected to grow by 2020 to above 300 Million
(300,000,000$). These are not the only high rising Dairy products, the dairy
market as a whole is one of the most profitable as it makes over 40 Billion
Dollars (40,000,000,000$) in revenue. Even with such a wide market there is a
high competition between the products and their sales. As for the sales of
these dairy products, there are many reasons that a product is chosen over the
other and no, these are not random. One of the things that has the biggest hand
in the high rise of certain types or brands of products rising is the quick
marketing. The use of different marketing and packaging is extremely essential,
Dairy boxes are easily manufactured
as they are not made from plastic and the design can be changed easily, the
companies change the design according to their motive and attract the right
attention.
Taking in the Example from the month of
June, most companies change their Packaging and Logos to Rainbows and this is
not done with purest intentions, it is done because Dairy boxes with rainbows on it make more money, people buy the
product with the idea of Inclusivity. Companies like Food Packaging Boxes say that they come under a time crunch once
months like February (Valentine’s Day), June (Pride), December (Christmas) come
around, companies want custom packaging for food and some even place their
packaging orders two or three month before the time rolls around.
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