North America Whole Milk Powder Market was valued at USD 0.95 Billion in 2022 and is projected to reach USD 1.37 Billion by 2030, growing at a CAGR of 5.1% from 2024 to 2030.
The North American whole milk powder market is experiencing significant growth, driven by its extensive applications across various industries. Valued at approximately US$ 2.0 billion in 2023, projections indicate a robust expansion to US$ 4.0 billion by 2032, reflecting a Compound Annual Growth Rate (CAGR) of 7.87% during the forecast period.
Whole milk powder, produced by removing moisture from fresh pasteurized whole milk, retains essential nutrients such as magnesium, calcium, zinc, potassium, and vitamins A, D, E, and K. This nutrient-rich profile makes it a versatile ingredient in multiple sectors:
Food and Beverage Industry: Whole milk powder is a staple in the production of bakery and confectionery items. Its unique whipping, thickening, and gelling properties enhance the texture and flavor of desserts like mousse, cakes, marshmallows, and ice creams. Additionally, it's utilized in salad dressings, sauces, and soups to stabilize fat emulsions, contributing to improved consistency and taste.
Dairy Processing: The powder serves as a foundational component in manufacturing various dairy products, including yogurt, cheese, butter, and cream. Its inclusion not only enriches the nutritional content but also extends the shelf life of these products, ensuring longer-lasting freshness.
Infant Formula: Given its comprehensive nutrient composition, whole milk powder is a critical ingredient in infant formulae, providing essential vitamins and minerals necessary for infant growth and development.
Nutritional Supplements: Health-conscious consumers increasingly turn to whole milk powder as a protein-rich option in dietary supplements, aiding in muscle development and overall wellness.
From my experience working in the food industry, incorporating whole milk powder into product formulations offers not only nutritional benefits but also enhances product stability and shelf life. Its versatility allows for innovation in creating diverse food products that meet consumer demands for quality and convenience.
Industry standards, such as those outlined by the U.S. Department of Agriculture, ensure that dry whole milk meets specific criteria regarding flavor, physical appearance, and nutritional content. These regulations maintain product quality and safety, fostering consumer trust and facilitating market growth.
In summary, the North American whole milk powder market is poised for substantial growth, driven by its multifaceted applications across the food and beverage, dairy processing, infant nutrition, and health supplement industries. The combination of nutritional value, functional properties, and adherence to quality standards positions whole milk powder as a vital ingredient in meeting the evolving needs of both manufacturers and consumers in the region.
North America Whole Milk Powder Market
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HiPP
Verla
OMSCo
Prolactal
Ingredia
Aurora Foods Dairy
OGNI
Hochdorf Swiss Nutrition
Triballat Ingredients
Organic West Milk
Royal Farm
RUMI (Hoogwegt)
SunOpta
NowFood
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Whole Milk Powder Market
Infant Formulas
Confections
Bakery Products
Other
Based on Types the Market is categorized into Below types that held the largest Whole Milk Powder market share In 2023.
Regular Type
Instant Type
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Whole Milk Powder Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Whole Milk Powder Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Whole Milk Powder Market, By Type
6. North America Whole Milk Powder Market, By Application
7. North America Whole Milk Powder Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Whole Milk Powder Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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