IDFA continues to demonstrate that the dairy industry has a powerful economic impact – $620 billion in total – on the American economy. Did you know that dairy also indirectly supports unique industries across the nation, like spice and extract manufacturers?
About 925 jobs in the spice and extract manufacturing industry depend on spending by the dairy industry or dairy industry employees. This includes nearly 760 manufacturing jobs that are making syrups and extracts like cinnamon and vanilla beans used in a wide range of dairy products, ranging from eggnog, to ice cream to nearly every cup of yogurt. These jobs are the result of purchases directly paid for by dairy companies. More than 165 additional jobs for spice and extract workers result from dairy employees and supplier employees purchasing a wide variety of spices at local stores.
All told, the dairy industry creates $74.7 million in wages and over $505 million in economic impact for American spice and extract producers.
IDFA is sharing these deep dives into the data of Dairy Delivers®, its economic impact tool, to demonstrate dairy’s economic power and its ripple effect on other American industries.
Members with questions may contact Dave Carlin, IDFA senior vice president of legislative affairs and economic policy.