United States Milk Powder Market is predicted to encounter a CAGR of 4.47% from 2024 to 2030
As per the Journal of Cardiac Failure, roughly 6.7 million Americans above 20 years of age have heart failure (HF), and the incidence is foreseen to extend to 8.5 million Americans by 2030. Consumers grappling with obesity and coronary heart disorder add to the growth of the United States milk powder market. This is attributed to milk powder's benefits for weight management because of its low cholesterol content. This twin gain drives its utilization among fitness-conscious people. Consequently, the milk powder market is poised to increase in the United States as more people seek healthier alternatives.Moreover, cost optimization is paramount within the U.S. milk powder market, with water elimination during drying, decreasing waste and transportation charges. This streamlined method enhances operational performance, making it economically wonderful. By disposing of water, producers decrease the weight and volume of the final product, mainly reducing delivery fees. Moreover, with decreased waste generation, corporations save on disposal expenses while improving sustainability practices. This attention to cost-effective operations contributes notably to the competitiveness of the milk powder market in the United States. So, the United States Milk Powder Market was US$ 10.11 Billion in 2023.
The dairy sector in the United States recognizes the varying necessities of customers concerning milk powder, which relies on its supposed utility. Employing modern technology, U.S. milk powder manufacturers are improving their operations and centers to consistently surpass clients' exacting standards for quality and sensory attributes. Supported by rigorous regularity protocols, non-stop year-round production, and a broadening worldwide outlook, the U.S. dairy sector stands prepared to fulfill global customers' growing and varied requests for quality milk powders.
As more women enter the workforce, the demand for milk powder in the United States surges, driving market expansion. With busy schedules, working mothers often seek convenient yet nutritious options for their families. Milk powder is convenient, providing a longer shelf life and easier preparation than fresh milk. This trend reflects a societal shift towards convenience-driven consumption patterns, contributing to the steady growth of the United States milk powder market.
Skimmed milk powder might hold a prominent position among the segments in the United States milk powder market
By type, the United States milk powder market is organized into Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener Powder, Buttermilk Powder, Fat-Filled Milk Powder, and Others. Skimmed milk powder is one of the leading segments in the U.S. market. This is because of heightened health consciousness. It caters to the increasing demand for healthier nutritional selections with decreased fat content. Skimmed milk powder is a flexible factor used in numerous food applications, making it a desired option for manufacturers. Besides, its longer shelf life and easy storage contribute to consumer convenience. As fitness-aware traits persist, the recognition of skimmed milk powder continues to push upward, driving its prominence within the market.One of the substantial shares in the United States milk powder market is infant formula
By application, the United States milk powder market is separated into Nutritional Food, Infant Formulas, Confectionaries, Baked Sweets, Savories, and Other applications. Infant formula commands one of the significant shares of the U.S. milk powder market. This is owed to its essential function in early childhood nutrition. With growing awareness about the importance of proper toddler feeding and increasing numbers of working parents, the demand for toddler formulation remains sturdy. Further, advancements in formulation improvement, consisting of fortified variants catering to specific fitness needs, contribute to its market dominance. Furthermore, stringent regulatory requirements ensure product safety, bolstering consumer consideration. These factors collectively function infant formula as a crucial United States milk powder market section.Key Players
Dairy Farmers of America Inc., Darigold, Cargill Corporation, The Kraft Heinz Company (U.S), Conagra Brands Inc., Land O'Lakes, Inc., Schreiber Foods Inc., California Dairies Inc. are the leading players in the United States milk powder market.In March 2023 - Dairy Farmers of America partnered with Good Culture to expand its portfolio of probiotic milk products.
Type - United States Milk Powder Market breakup in 6 viewpoints:
1. Whole Milk Powder2. Skimmed Milk Powder
3. Dairy Whitener Powder
4. Buttermilk Powder
5. Fat-Filled Milk Powder
6. Other Milk Powder
Application - United States Milk Powder Market breakup in 6 viewpoints:
1. Nutritional Food2. Infant Formulas
3. Confectionaries
4. Baked Sweets
5. Savories
6. Others
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Dairy Farmers of America Inc.2. Darigold
3. Cargill Corporation
4. The Kraft Heinz Company (U.S)
5. Conagra Brands Inc.
6. Land O'Lakes, Inc.
7. Schreiber Foods Inc.
8. California Dairies Inc.
Table of Contents
Companies Mentioned
- Dairy Farmers of America Inc.
- Darigold
- Cargill Corporation
- The Kraft Heinz Company (U.S)
- Conagra Brands Inc.
- Land O'Lakes, Inc.
- Schreiber Foods Inc.
- California Dairies Inc.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 90 |
| Published | March 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 10.11 Billion |
| Forecasted Market Value ( USD | $ 13.73 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | United States |
| No. of Companies Mentioned | 8 |
