North America Whole Milk Powder Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

North America Whole Milk Powder Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112024A1823
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Market Overview:

The North America whole milk powder market size reached US$ 1.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.0 Billion by 2028, exhibiting a growth rate (CAGR) of 8.31% during 2023-2028.

Whole milk powder is produced by drying the moisture from fresh pasteurized whole milk through the evaporation or spray-drying process. During its manufacturing process, the protein present in the milk is not adjusted due to which whole milk powder can be used interchangeably with dry whole milk. It contains around 95 percent milk solids and less than 5 percent moisture. Whole milk powder is a good source of magnesium, calcium, zinc, potassium, and vitamins A, D, E and K.

North America whole milk powder market is currently driven by several factors. Increasing applications of whole milk powder in the food industry for producing bakery and confectionery items have catalyzed the demand in the region. Furthermore, whole milk powder has distinctive whipping, thickening and gelling properties. Owing to this, it is also utilized in desserts, such as mousse, cake, marshmallow and ice cream. Additionally, it is used in the preparation of salad dressings, sauces, soups and dairy beverages as it helps in forming and stabilizing fat emulsions. Apart from this, as compared to the liquid milk, reduced moisture content of whole milk powder helps in increasing its shelf life and easier transportation, thus catalyzing its demand. In addition to this, consumption of whole milk powder benefits the immune system and aids in cellular growth. On account of this, rising awareness among consumers towards the nutritional benefits of the product has escalated the demand in the region.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the North America whole milk powder market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on end-use.

  • Key Regions Analysed
    • United States
    • Canada
       
  • Analysis for Each Country
     
  • Market by End-Use
    • Dairy
    • Infant Formulae
    • Bakery
    • Confectionery
    • Others
       
  • Value Chain Analysis
  • Key Drivers and Challenges
  • Porters Five Forces Analysis
  • Competitive Landscape
    • Competitive Structure
    • Key Player Profiles
       

IMARC Group’s latest report provides a deep insight into the North America whole 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 whole milk powder market in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
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$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
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)

Key Questions Answered in This Report

We expect the North America whole milk powder market to exhibit a CAGR of 8.31% during 2023-2028.

The rising demand for whole milk powder in desserts, such as mousse, cake, marshmallow, and ice cream, owing to its distinctive whipping, thickening and gelling properties, is primarily driving the North America whole milk powder market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of whole milk powder across several North American nations.

Based on the end-use, the North America whole milk powder market can be segmented into dairy, infant formulae, bakery, confectionery, and others. Currently, dairy holds the majority of the total market share.

On a regional level, the market has been classified into United States and Canada, where United States currently dominates the North America whole milk powder market.

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North America Whole Milk Powder Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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