The North America Reconstituted Milk Market would witness market growth of 7.3% CAGR during the forecast period (2023-2030).In the year 2019, the North America market's volume surged to 17,972.9 kilo tonnes, showcasing a growth of 3.0% (2019-2022).
With growing health consciousness among consumers, many are looking for fortified milk products. Manufacturers add essential vitamins and minerals to reconstituted milk to appeal to this segment. There's a growing trend towards sustainable and eco-friendly packaging solutions. Manufacturers are now more focused on reducing plastic use and opting for biodegradable or recyclable packaging for these products. There's a rising interest in flavored reconstituted milk, especially among younger consumers. Flavors like chocolate, strawberry, and vanilla are gaining popularity.
Organic reconstituted milk, made using organic milk powder, is finding its niche among consumers who prefer organic products. The growth of plant-based diets is influencing the dairy industry. While this doesn't directly apply to dairy-based reconstituted milk, the overall trend towards plant-based milk alternatives might impact the market. Beyond essential reconstituted milk, there's an increasing demand for value-added products. Probiotic-enriched, lactose-free, or high-protein variants are some examples.
Supermarkets and large retailers are introducing their private label reconstituted milk products, offering similar quality at competitive prices compared to established brands. With the growth of e-commerce, online retail of these products is gaining traction, especially in urban areas. There's a trend towards single-serve or small packaging for on-the-go consumption, suitable for busy lifestyles. Consumers are now more informed and want to know about the products they consume. Clear labeling indicating the source of the milk powder, nutritional information, and any additives is becoming crucial.
The market in North America is relatively small compared to fresh liquid milk. While exact figures can vary yearly, the demand for powdered milk for direct consumption as it remains a niche. Most of the population has access to refrigeration, making fresh milk storage convenient. Reconstituted milk is often perceived as a secondary choice, primarily used when storage, transportation, or longevity is a concern.
The US market dominated the North America Reconstituted Milk Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $68.7 billion by 2030. The Canada market is estimated to witness a CAGR of 9.7% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 8.8% during (2023 - 2030).
Based on Application, the market is segmented into Milk, Cheese, Yogurt, Ice Cream, and Others. Based on Source, the market is segmented into Skimmed Milk, Whole Milk, Anhydrous Milk Fat, and Unsalted Frozen Butter. Based on Distribution Channel, the market is segmented into B2B, and B2C (Hypermarkets/Supermarkets, Wholesale Stores, Online Sales, and Others). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Reconstituted Milk Market is Projected to reach USD 386.6 Billion by 2030, at a CAGR of 8.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nestle S.A, Lactalis Group, Fonterra Co-operative Group Limited, Dairy Farmers of America, Inc., Saputo, Inc., Schreiber Foods, Inc., China Mengniu Dairy Company Limited, Meiji Holdings Co., Ltd., and Sodiaal International
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Source (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Distribution Channel (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
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