According to IMARC Group’s latest report, titled. “North America Whole Milk Powder Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The North America whole milk powder market exhibited stable growth during 2015-2020. Whole milk powder is produced by evaporating water content from pasteurized and homogenized milk through spray-drying. It is rich in magnesium, zinc, calcium, potassium, and vitamins A, D, E, and K. As compared to regular milk, whole milk powder is lighter and has a longer shelf life, which eliminates the need for refrigeration. On account of these properties, whole milk powder is utilized as a base ingredient of various food products and beverages, such as tea, coffee, yogurt, sauces, milkshakes, and chocolates.
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The North America whole milk powder market is primarily being driven by the growth in the food and beverage (F&B) industry. They exhibit numerous functional properties, such as foaming, thickening, emulsification, and dispersibility, which is increasing their application in various baked goods across the region. Additionally, whole milk powders are cost-effective as they offer convenient storage and transportation, which is further fueling the market growth. Other than this, the escalating demand for lactose-free and organic dairy products is creating a positive outlook for the market. Looking forward, IMARC Group expects the North America whole milk powder market to continue its stable growth during the next five years.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
North America Whole Milk Powder Market Segmentation:
- North America Whole Milk Powder Market
- Key Regions Analysed
- United States
- Analysis for Each Country
- Market by End-Use
- Infant Formulae
- 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 (2014-2019)
- Market Outlook (2020-2025)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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