How much is a gallon of milk? In 2024, the average retail price of whole fortified milk in the United States was *** 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 ***** 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 **** liters consumed per capita compared to **** in 2011. This could be explained by consumers’ increasing shift towards plant-based dairy alternatives. In 2019, ** percent of consumers consumed soy products at least once a week, up from ** percent in 2010.

Fresh low fat, reduced fat, or skim milk, sold per gallon, regardless of packaging type. Include 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.

Milk rose to 17.37 USD/CWT on July 3, 2025, up 0.29% from the previous day. Over the past month, Milk's price has fallen 7.16%, and is down 11.92% compared to the same time last year, 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 July of 2025.

The price per unit in the 'Milk Substitutes' segment of the food market in the United States was forecast to continuously increase between 2025 and 2030 by in total 0.5 U.S. dollars (+12.47 percent). After the tenth consecutive increasing year, the price per unit is estimated to reach 4.51 U.S. dollars and therefore a new peak in 2030. Notably, the price per unit of the 'Milk Substitutes' segment of the food market was continuously increasing over the past years.Find other key market indicators concerning the average revenue per user (ARPU) and sales volume change. The Statista Market Insights cover a broad range of additional markets.

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

Dairy Price Index in World increased to 154.40 Index Points in June from 153.60 Index Points in May of 2025. This dataset includes a chart with historical data for World Dairy Price Index.

The Wholesale Price Index of milk across India during financial year 2024 was over 180. An overall increase in the price index for milk was seen over the years from financial year 2013 in the country.

Graph and download economic data for Average Price: Milk, Fresh, Skim (Cost per One-Half Gallon/1.9 Liters) in U.S. City Average (APU0000709211) from Jan 1980 to May 1986 about dairy products, retail, price, and USA.

This statistic shows the average annual output price of milk in the United Kingdom from 1994 to 2022, in index format. Since 2000, the output price index of milk has steadily increased, until 2022 when the index price shot up to a peak of 180 points.

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.

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

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.

China Consumer Price Index (CPI): Food, Tobacco & Liquor: Food: Milk & its Product data was reported at 98.300 Prev Year=100 in Mar 2025. This records a decrease from the previous number of 98.600 Prev Year=100 for Feb 2025. China Consumer Price Index (CPI): Food, Tobacco & Liquor: Food: Milk & its Product data is updated monthly, averaging 101.200 Prev Year=100 from Jan 2005 (Median) to Mar 2025, with 243 observations. The data reached an all-time high of 119.500 Prev Year=100 in Jun 2008 and a record low of 98.100 Prev Year=100 in Sep 2024. China Consumer Price Index (CPI): Food, Tobacco & Liquor: Food: Milk & its Product data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Inflation – Table CN.IA: Consumer Price Index: Same Month PY=100.

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.

For the fifth consecutive year, the global whole fresh milk market recorded growth in sales value, which increased by 5% to $826.8B in 2024. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2024 and is likely to continue growth in the near future.

India Consumer Price Index (CPI): Food and Beverages: Milk and Milk Product data was reported at 188.000 2012=100 in Mar 2025. This records an increase from the previous number of 187.900 2012=100 for Feb 2025. India Consumer Price Index (CPI): Food and Beverages: Milk and Milk Product data is updated monthly, averaging 141.100 2012=100 from Jan 2011 (Median) to Mar 2025, with 171 observations. The data reached an all-time high of 188.000 2012=100 in Mar 2025 and a record low of 82.700 2012=100 in Jan 2011. India Consumer Price Index (CPI): Food and Beverages: Milk and Milk Product data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.IB001: Consumer Price Index: 2012=100.

Pakistan Average Retail Price: Fresh Milk data was reported at 82.750 PKR/l in 2018. This records an increase from the previous number of 80.590 PKR/l for 2017. Pakistan Average Retail Price: Fresh Milk data is updated yearly, averaging 20.245 PKR/l from Jun 1991 (Median) to 2018, with 28 observations. The data reached an all-time high of 82.750 PKR/l in 2018 and a record low of 7.710 PKR/l in 1991. Pakistan Average Retail Price: Fresh Milk data remains active status in CEIC and is reported by State Bank of Pakistan. The data is categorized under Global Database’s Pakistan – Table PK.P001: Average Retail Price.