North America Whole Milk Powder Market to Grow at 7.87% During 2024-2032, Impelled by the Rising Product Adoption in F&B Industry

April 21, 2023 | Food & Beverages

The latest report by IMARC Group, titled “North America Whole Milk Powder Market Report by End-Use (Dairy, Infant Formulae, Bakery, Confectionery, and Others), and Country 2024-2032,” finds that the North America whole milk powder market is expected to grow at a CAGR of 7.87% during the forecast period (2024-2032). Whole milk powder is acquired by removing the moisture from pasteurized whole milk using a spray-drying or evaporation process. It acts as an ideal alternative to whole milk as it does not lose protein concentration during the production process. It generally contains 26-42%milk fat, 95% milk solids, and less than 5% moisture. As a result, it is a rich source of vital minerals such as potassium, zinc, calcium, magnesium, and vitamins A, D, E, and K. In addition, it is versatile, easy to handle and store, and provides consistent quality. Nowadays, whole milk products are widely available in supermarkets, hypermarkets, online retail stores, and convenience stores across the region.

North America Whole Milk Powder Market Trends:

The market is primarily driven by the rising demand for whole milk powder in the food and beverage (F&B) industry for baking and confectionery items. Whole milk powder provides several benefits as it has distinctive thickening, whipping, and gelling properties, ideal for mousse, cake, desserts, ice cream, and marshmallows. In addition, the increasing application of whole milk powder in the preparation of sauces, soups, dairy beverages, and salad dressings, as it helps form and stabilize fat emulsions, is contributing to the market growth. Moreover, the widespread product adoption in infant foods, as it is rich in proteins and nutrients such as vitamin C, B12, and thiamine, represents another major growth-inducing factor. Besides this, the growing awareness among fitness-conscious consumers about the nutritional benefits of milk powder is providing a positive thrust to market growth. Furthermore, the escalating demand for whole milk powder and skimmed milk powder among individuals, the rising disposable incomes, and the growing product adoption due to its reduced moisture content that helps in increasing the shelf life and easier transportation is also creating a favorable market outlook across the region.

Market Summary:

  • Based on the end use, the market has been classified into dairy, infant formulae, bakery, confectionery, and others.
  • On the geographical front, the market has been divided into the United States and Canada.
  • The competitive landscape of the market has been examined in the report with the detailed profiles of the key players operating in the industry.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage End-Use, 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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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North America Whole Milk Powder Market to Grow at 7.87% During 2024-2032, Impelled by the Rising Product Adoption in F&B Industry
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