North America Milk Powder Market Size, Share & Trends Analysis Report By Product Type (Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk Powder, Fat Enrich Milk Powder and Others), By Application, By Country and Growth Forecast, 2023 - 2030
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 $8,743.9 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.
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
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Milk Powder Market, by Product Type
- 1.4.2 North America Milk Powder Market, by Application
- 1.4.3 North America Milk Powder Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. North America Milk Powder Market by Product Type
- 4.1 North America Whole Milk Powder Market by Country
- 4.2 North America Skimmed Milk Powder Market by Country
- 4.3 North America Dairy Whitener Market by Country
- 4.4 North America Buttermilk Powder Market by Country
- 4.5 North America Fat Enrich Milk Powder Market by Country
- 4.6 North America Others Market by Country
- Chapter 5. North America Milk Powder Market by Application
- 5.1 North America Bakery & Confectionery Market by Country
- 5.2 North America Infant Formula Market by Country
- 5.3 North America Ice-Creams Market by Country
- 5.4 North America Nutrition Food Market by Country
- 5.5 North America Sweets & Savories Market by Country
- 5.6 North America Others Market by Country
- Chapter 6. North America Milk Powder Market by Country
- 6.1 US Milk Powder Market
- 6.1.1 US Milk Powder Market by Product Type
- 6.1.2 US Milk Powder Market by Application
- 6.2 Canada Milk Powder Market
- 6.2.1 Canada Milk Powder Market by Product Type
- 6.2.2 Canada Milk Powder Market by Application
- 6.3 Mexico Milk Powder Market
- 6.3.1 Mexico Milk Powder Market by Product Type
- 6.3.2 Mexico Milk Powder Market by Application
- 6.4 Rest of North America Milk Powder Market
- 6.4.1 Rest of North America Milk Powder Market by Product Type
- 6.4.2 Rest of North America Milk Powder Market by Application
- Chapter 7. Company Profiles
- 7.1 Arla Foods, Inc.
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Regional Analysis
- 7.1.4 Research & Development Expense
- 7.1.5 Recent strategies and developments:
- 7.1.5.1 Partnerships, Collaborations, and Agreements:
- 7.1.5.2 Acquisition and Mergers:
- 7.1.5.3 Geographical Expansions:
- 7.1.6 SWOT Analysis
- 7.2 Dairy Farmers of America, Inc.
- 7.2.1 Company Overview
- 7.2.2 SWOT Analysis
- 7.3 Fonterra Co-operative Group Limited
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Regional Analysis
- 7.3.4 Research & Development Expense
- 7.3.5 SWOT Analysis
- 7.4 Nestle S.A
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expenses
- 7.4.5 SWOT Analysis
- 7.5 Royal FrieslandCampina N.V.
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expenses
- 7.5.5 SWOT Analysis
- 7.6 Saputo, Inc.
- 7.6.1 Company overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 SWOT Analysis
- 7.7 Schreiber Foods, Inc.
- 7.7.1 Company Overview
- 7.7.2 SWOT Analysis
- 7.8 The Kraft Heinz Company
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Regional Analysis
- 7.8.4 Research & Development Expense
- 7.8.5 Recent strategies and developments:
- 7.8.5.1 Partnerships, Collaborations, and Agreements:
- 7.8.6 SWOT Analysis
- 7.9 Danone S.A.
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Category and Regional Analysis
- 7.9.4 SWOT Analysis
- 7.10. DANA Dairy Group Ltd.
- 7.10.1 Company Overview
- 7.10.2 SWOT Analysis
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