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The North America milk powder market is expected to grow at a CAGR of 3.7% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Milk powder is produced by dehydrating the moisture from the pasteurized milk through evaporation or spray drying process. This conversion assists in increasing its shelf life, thereby enabling it to be stored for an extended period without spoilage. As a result, milk powder finds application in the food industry for preparing various bakery and confectionery items.
North America milk powder market is currently being driven by several factors. Milk powder has distinctive whipping, thickening and gelling properties. Owing to this, it is utilized in the preparation of desserts such as mousses, cakes, marshmallows and ice creams. In line with this, powdered milk acts as a good source of magnesium, calcium, zinc, potassium and vitamins A, D, E and K. On account of this, it is also used as a key ingredient in drinks, shakes, puddings and gravies. Moreover, powdered milk is easily portable as compared to liquid milk, thus inducing the demand in the region. Apart from this, the rising awareness among consumers about the distinctive nutritional benefits of milk powder has also fueled the market growth.
IMARC Group’s latest report provides a deep insight into the North America milk powder market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America milk powder market in any manner.
|Base Year of the Analysis||2020|
|Segment Coverage||Product Type, Function, Application, Country|
|Countries Covered||United States, Canada|
|Customization Scope||10% Free Customization|
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