How much is a gallon of milk? In 2024, the average retail price of whole fortified milk in the United States was 4.1 U.S. dollars, which was a decrease from the previous year. Milk production Dairy farming is an agricultural business which is engaged in the long-term milk production within the dairy industry. Dairy farming is a large contributor to the overall economy in many states. California, Wisconsin, and Idaho had the highest milk supply in 2022. Continuing the trend of each year breaking the record for milk production, an estimated 228.3 billion pounds of milk were produced in 2023. Milk consumption Since 2011, there has been a steady decline in milk consumption in the United States, with just 65.2 liters consumed per capita compared to 78.3 in 2011. This could be explained by consumers’ increasing shift towards plant-based dairy alternatives. In 2019, 35 percent of consumers consumed soy products at least once a week, up from 24 percent in 2010.

Fresh, low fat or light milk sold, per half-gallon carton. Includes organic and non-organic milk."

Milk decreased 0.06 USD/CWT or 0.32% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Milk - values, historical data, forecasts and news - updated on March of 2025.

The price per unit in the 'Milk Substitutes' segment of the food market in the European Union was forecast to continuously increase between 2024 and 2029 by in total 0.3 U.S. dollars (+13.33 percent). After the ninth consecutive increasing year, the price per unit is estimated to reach 2.5 U.S. dollars and therefore a new peak in 2029. Notably, the price per unit of the 'Milk Substitutes' segment of the food market was continuously increasing over the past years.Find more key insights for the price per unit in countries and regions like the average volume per capita in the 'Milk Substitutes' segment of the food market in European Union (EU27) and the volume in the 'Milk' segment of the food market in Finland. The Statista Market Insights cover a broad range of additional markets.

Fresh, low fat or light milk sold, per half-gallon carton. Includes organic and non-organic milk."

This statistic shows projections for milk prices in the United States from 2019 to 2028. In 2028, it is expected that the price for milk in the U.S. will be 19.89 U.S. dollars per cwt.

In 2023, the average price of milk was 0.64 U.S. dollars per unit. Milk alternatives were priced 0.97 U.S. dollars. The difference between the price of meat and its alternatives in the U.S. retail market was even higher per unit.

United States Consumer Price: Average: Milk, Fresh data was reported at 2.913 USD/lb in Oct 2018. This records an increase from the previous number of 2.890 USD/lb for Sep 2018. United States Consumer Price: Average: Milk, Fresh data is updated monthly, averaging 3.119 USD/lb from Jul 1995 (Median) to Oct 2018, with 280 observations. The data reached an all-time high of 3.961 USD/lb in Jul 2008 and a record low of 2.459 USD/lb in Sep 1995. United States Consumer Price: Average: Milk, Fresh data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.P001: Consumer Price.

Explore the factors affecting milk prices in the US as of 2023, including production costs, location, and market demand. Learn how animal feed, labor, fuel, and regional differences impact price fluctuations, and discover the influence of milk alternatives on traditional dairy pricing.

Most milk produced in the UK is bought by dairies (registered ‘milk purchasers’) for processing. Defra runs a monthly survey in England and Wales to collect information on the volume, value and protein content of milk purchased from farms. Similar surveys are run in Scotland and Northern Ireland. The UK average farm-gate milk price, protein content and butterfat content is then calculated.

Fresh whole milk, fortified, sold per gallon regardless of packaging type. Includes organic and non-organic milk."

Graph and download economic data for Producer Price Index by Commodity: Farm Products: Raw Milk (WPU01610102) from Aug 1973 to Feb 2025 about milk, agriculture, commodities, PPI, inflation, price index, indexes, price, and USA.

Explore the factors influencing milk prices in the United States, from geographical variability and market dynamics to consumer trends and regulatory policies, and understand how these elements create fluctuations in the cost of a gallon of milk.

During the financial year 2023, the annual inflation of milk prices in India was over seven percent, the highest in comparison to previous years. The inflation of milk price was even higher than annual food inflation rate which is 6.61 percent for the same year.

Monthly average retail prices for selected products, for Canada and provinces. Prices are presented for the current month and the previous four months. Prices are based on transaction data from Canadian retailers, and are presented in Canadian current dollars.

The global whole fresh milk market totaled $752.9B in 2024, standing approx. at the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2024; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the market value increased by 6.4%.

India Wholesale Price: DCA: Monthly Average: Milk: North Zone: Kaushambi data was reported at 5,703.450 INR/100 l in Jun 2023. This records an increase from the previous number of 5,643.330 INR/100 l for May 2023. India Wholesale Price: DCA: Monthly Average: Milk: North Zone: Kaushambi data is updated monthly, averaging 5,770.370 INR/100 l from Oct 2022 (Median) to Jun 2023, with 9 observations. The data reached an all-time high of 6,200.000 INR/100 l in Oct 2022 and a record low of 5,625.000 INR/100 l in Apr 2023. India Wholesale Price: DCA: Monthly Average: Milk: North Zone: Kaushambi data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under India Premium Database’s Price – Table IN.PC056: Wholesale Price: Department of Consumer Affairs: Agriculture Commodities: Monthly Average: by Cities: Milk.

The average for 2021 based on 165 countries was 120.42 index points. The highest value was in Aruba: 240.01 index points and the lowest value was in Belarus: 62.14 index points. The indicator is available from 2017 to 2021. Below is a chart for all countries where data are available.