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 $8743.9 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).
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.
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 $8743.9 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).
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.
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.
Market Report Segmentation
By Product Type- Whole Milk Powder
- Skimmed Milk Powder
- Dairy Whitener
- Buttermilk Powder
- Fat Enrich Milk Powder
- Others
- Bakery & Confectionery
- Infant Formula
- Ice-Creams
- Nutrition Food
- Sweets & Savories
- Others
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Milk Powder Market by Product Type
Chapter 5. North America Milk Powder Market by Application
Chapter 6. North America Milk Powder Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- 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.
Methodology
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