Market Research Report
North America Milk Powder Market (2019-2025)
|Published by||KBV Research||Product code||906299|
|Published||Content info||73 Pages
Delivery time: 1-2 business days
|North America Milk Powder Market (2019-2025)|
|Published: July 31, 2019||Content info: 73 Pages||
The North America Milk Powder Market would witness market growth of 3.94% CAGR during the forecast period (2019-2025).
The emergence of globalization has made people more occupied. They have altered their lifestyle and the time spent on household work like cooking has dramatically decreased. This absence of time has prompted customers to discover ways to speed up family work. Consumers have embraced packaged and processed food and convenient meals to decrease the time needed to prepare food. The shelf-life of milk powder is greater than normal milk, increasing the demand for milk powder over regular milk. Also, the number of females employed has risen, thereby encouraging the use of a formula to boost the adoption of milk powder across the globe.
The influential factors responsible for the development of the industry include the increasing disposable income of the population living in developing nations and the continuing acceptance of the product as a replacement for milk. The only factors that act as substantial barriers in market growth include increasing concerns about ultra-high temperature milk and the implementation by government authorities of standards and laws, and falling prices and expenses of dairy products.
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 Nutrition Food, Infant Formula, Sweets and Savories, Bakery Products, Ice-Creams and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Danone S.A., Nestle S.A., Glanbia PLC, Arla Foods, Inc., Dairy Farmers of America, Inc., Cargill Corporation, Saputo, Inc., Dean Foods Company, The Kraft Heinz Company and Carbery Group Ltd.