North America Milk Powder Market Report by Product Type (Whole Milk Powder, Skimmed Milk Powder), Function (Emulsification, Foaming, Flavoring, Thickening), Application (Infant Formula, Confectionery, Sports and Nutrition Foods, Bakery Products, and Others), and Country 2024-2032
The North America milk powder market size is expected to exhibit a growth rate (CAGR) of 4.66% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Growth Rate (2024-2032)
4.66%
Milk powder is produced by dehydrating the moisture from the pasteurized milk through evaporation or spray drying process. This conversion assists in increasing its shelf life, thereby enabling it to be stored for an extended period without spoilage. As a result, milk powder finds application in the food industry for preparing various bakery and confectionery items.
North America milk powder market is currently being driven by several factors. Milk powder has distinctive whipping, thickening and gelling properties. Owing to this, it is utilized in the preparation of desserts such as mousses, cakes, marshmallows and ice creams. In line with this, powdered milk acts as a good source of magnesium, calcium, zinc, potassium and vitamins A, D, E and K. On account of this, it is also used as a key ingredient in drinks, shakes, puddings and gravies. Moreover, powdered milk is easily portable as compared to liquid milk, thus inducing the demand in the region. Apart from this, the rising awareness among consumers about the distinctive nutritional benefits of milk powder has also fueled the market growth.
IMARC Group’s latest report provides a deep insight into the North America milk powder market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America milk powder market in any manner.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America milk powder market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on product type, function and application.
Key Regions Analysed
United States
Canada
Analysis for Each Country
Market by Product Type
Whole Milk Powder
Skimmed Milk Powder
Market by Function
Emulsification
Foaming
Flavoring
Thickening
Market by Application
Infant Formula
Confectionery
Sports and Nutrition Foods
Bakery Products
Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Competitive Landscape
Competitive Structure
Key Player Profiles
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Million
Segment Coverage
Product Type, Function, Application, Country
Countries Covered
United States, Canada
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
We expect the North America milk powder market to exhibit a CAGR of 4.66% during 2024-2032.
The rising consumer preference towards milk powder as an alternative for fresh milk in a wide range of food preparation, as it is convenient to use and has a longer shelf, is primarily driving the North America milk powder market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of milk powder across several North American nations.
Based on the product type, the North America milk powder market can be segmented into whole milk powder and skimmed milk powder. Currently, whole milk powder holds the majority of the total market share.
Based on the function, the North America milk powder market has been divided into emulsification, foaming, flavoring, and thickening. Among these, emulsification currently exhibits a clear dominance in the market.
Based on the application, the North America milk powder market can be categorized into infant formula, confectionery, sports and nutrition foods, bakery products, and others. Currently, infant formula accounts for the largest market share.
On a regional level, the market has been classified into United States and Canada, where United States currently dominates the North America milk powder market.
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