North America Milk Powder Market

North America Milk Powder Market Size, Share & Trends Analysis Report By Product Type (Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk Powder, Fat Enrich Milk Powder and Others), By Application, By Country and Growth Forecast, 2023 - 2030

Report Id: KBV-20928 Publication Date: March-2024 Number of Pages: 126
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Market Report Description

The North America Milk Powder Market would witness market growth of 4.5% CAGR during the forecast period (2023-2030).

One of the most critical applications of milk powder is in infant formula production. Milk powder is a key ingredient in infant formula formulations, providing essential nutrients such as fats, proteins, vitamins, carbohydrates, and minerals necessary for the healthy growth and development of infants not breastfed or requiring supplementary feeding.

Additionally, milk powder is used extensively in producing various dairy products, including yogurt, cheese, ice cream, butter, and cream. In dairy processing, milk powder serves as a functional ingredient, contributing to texture, flavor, and nutritional content while extending the shelf life of finished products.

As per the International Trade Administration (ITA), Mexico's domestic e-commerce sector was valued at USD 26.2 billion in 2022, representing a 23 percent increase over 2021. Mexico is positioned among the top five countries in the world in terms of e-commerce retail growth rate. There were 63 million Mexican e-commerce users in 2022, an increase of 5.5 million over 2021. Thus, the rising e-commerce sector and expansion of the region's food and beverage industry are propelling the market's growth.

The US market dominated the North America Milk Powder Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8,743.9 Million by 2030. The Canada market is showcasing a CAGR of 6.9% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 6% during (2023 - 2030).

Free Valuable Insights: The Milk Powder Market is Predict to reach USD 43.8 billion by 2030, at a CAGR of 4.7%

Based on Product Type, the market is segmented into Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk Powder, Fat Enrich Milk Powder and Others. Based on Application, the market is segmented into Bakery & Confectionery, Infant Formula, Ice-Creams, Nutrition Food, Sweets & Savories, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

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List of Key Companies Profiled

  • Arla Foods, Inc.
  • Dairy Farmers of America, Inc.
  • Fonterra Co-operative Group Limited
  • Nestle S.A.
  • Royal FrieslandCampina N.V.
  • Saputo, Inc.
  • Schreiber Foods, Inc.
  • The Kraft Heinz Company
  • Danone S.A.
  • DANA Dairy Group Ltd.

North America Milk Powder Market Report Segmentation

By Product Type

  • Whole Milk Powder
  • Skimmed Milk Powder
  • Dairy Whitener
  • Buttermilk Powder
  • Fat Enrich Milk Powder
  • Others

By Application

  • Bakery & Confectionery
  • Infant Formula
  • Ice-Creams
  • Nutrition Food
  • Sweets & Savories
  • Others

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America


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