August 17, 2015
More than one-third of the dairy processors on the Dairy 100 have annual revenues of $1 billion or more.
The big keep getting bigger. So do the small, for that matter. More than one-third of the dairy processors on the Dairy 100 have annual revenues of $1 billion or more. In the previous report, 33 dairies broke that barrier; this report identifies 36 billion-dollar dairy processors. Five years ago just 29 plants were billion-dollar operations.
At the other end of the list, the price of admission has risen. Last year, No. 100 had sales of $100 million. This year, No. 100 reported sales of $105 million.
This is our 22nd annual Dairy 100 report of the largest dairy processors based in the United States, Canada and Mexico. Three companies are based in Canada and one in Mexico. Wisconsin is the state that is home to the most Dairy 100 firms (12), followed by California and Minnesota (each with 10). See our interactive map for the complete list of headquarters of the Dairy 100.
Nestle USA, based in Glendale, Calif., retains its No. 1 spot. Sales of its ice cream, frozen desserts, milk-based beverages and bottled water totaled $9.7 billion. No. 3 Saputo, based in Montreal, is the largest Canadian-based dairy processor. It reported sales of more than $8 billion in the 12 months ended March 31, 2015. No. 12 Grupo LaLa is the only dairy based in Mexico on the Dairy 100. LaLa’s 2014 sales were $2.9 billion.