According to IMARC Group’s latest report, titled. “North America Whole Milk Powder Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The North America whole milk powder market is expected to exhibit a growth rate (CAGR) of 8% during 2023-2028.
Whole milk powder is a dairy product made by drying the moisture from pasteurized whole milk using spray-drying or evaporation processes in heated chambers until it forms a powder. It is an excellent source of magnesium, calcium, vitamins D, E, A, and K, potassium, and zinc. The protein content in whole milk powder remains the same as in fresh milk, making it an ideal substitute for dry whole milk in various applications. Regular consumption of whole milk powder helps promote bone health, improve immune function, and support overall health and well-being.
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North America Whole Milk Powder Market Trends:
The demand for whole milk powder in North America is rapidly increasing due to its widespread usage in the food and beverage (F&B) industry. The powder has a creamy texture and is easy to transport over long distances without deterioration in quality, due to which it finds application in infant formulas, baked desserts, confectionaries, and savory items. This is further supported by the rising working population and the increasing demand for confectionery and bakery products in the region. In line with this, key market manufacturers are investing in advanced technology to introduce new product variants to expand their product portfolio, which is bolstering the market growth. Besides this, the increasing consumer awareness regarding the health benefits of whole milk powder and inflating consumer expenditure power are positively impacting the market growth.
North America Whole Milk Powder Market Segmentation:
The report has categorized the market based on scope, end-use.
Report Scope:
- Key Regions Analysed
- United States
- Canada
- Analysis for Each Country
- Market by End-Use
- Dairy
- Infant Formulae
- Bakery
- Confectionary
- Others
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
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Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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