Business

United States Milk Powder Market Projected to Flourish with 4.47% CAGR through 2030, Fueled by Growing Demand in the Dairy Product Sector

Milk powder is an immensely bendy component that serves a massive quantity of purposes. Manufacturing small components is one of the most extensive uses of milk powder. Milk powder is wealthy in all the important nutrients essential for the healthful development and growth of infants who’re both not breastfed or require supplementary feeding. These vitamins include nutrients, proteins, fats, carbohydrates, and minerals.

The milk powder market place is predicted to develop because of the rising demand for diverse bakery and confectionery products like desserts, cookies, pastries, ice cream, and yogurt within the U.S. According to the Good Food Institute, nearly 65 million lactose-intolerant humans and five million dairy-allergic people inside the United States are seeking out plant-based totally milk powder as a lactose-free and dairy-free alternative to dairy milk. Milk powder is likewise a famous nutritional complement, as it’s a first-rate supply of protein, calcium, and other important vitamins. The growing recognition of milk powder as a dietary supplement is expected to reinforce its marketplace boom within the coming years.

The United States milk powder market  was well worth US$10.11 billion in 2023 and is expected to expand at a CAGR of 4.47 percent from 2024 to 2030. The United States is the most critical producer of skim milk powder and nonfat dry milk (SMP and NDM), with over 1 million metric tons produced yearly. SMP is produced nationally in small and massive facilities, accounting for over 20% of the sector’s SMP production. U.S. SMP exports also are growing, with greater than 3-thirds of production being dispatched to distant places. The U.S. Dairy company recognizes the precise specifications of clients relying at the stop-use application. Therefore, U.S. Milk powder producers are committed to constantly meeting the stringent specs for milk powders, which encompass low-spore powder for recombining and dietary applications.

 

Skim milk powder stands out as a prominent segment in the U.S. market.

Skimmed milk powder is poised to play a great role in segments of the U.S. milk powder market. Its low-fat content and versatile applications make it a famous choice among clients and manufacturers. With its capacity to cater to various nutritional alternatives and product formulations, skimmed milk powder is predicted to maintain a prominent function in meeting the various wishes of the U.S. marketplace, serving as a key factor in a wide variety of meals and beverage products.

Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=united-states-milk-powder-market-p.php

The infant holds a significant part of the U.S. milk powder market.

The infant method holds a great share of the milk powder marketplace inside the United States, reflecting its significance in meeting the nutritional desires of toddlers. This section is characterized by a consistent call for pushing with the aid of population increase, converting lifestyles, and multiplied attention to approximately infant fitness. As a result, manufacturers continue to invest in research and improvement to innovate and offer merchandise that caters to clients’ evolving possibilities and necessities.

The key player in the United States Milk Powder Market

The United States milk powder market is dominated by key players, which include Dairy Farmers of America Inc., Darigold, Cargill Corporation, The Kraft Heinz Company (U.S.), Conagra Brands Inc., Land O’Lakes, Inc., Schreiber Foods Inc., and California Dairies Inc.

In September 2022, Darigold initiated the creation of a $600 million facility in Pasco, Washington, to supply butter and powdered milk.

In December 2022, Darigold introduced Darigold ExchangeTM, a virtual trading platform, as part of its strategy to enforce a centralized portfolio management machine. This initiative aims to cater to international customers and add cost for farmer-owners by enabling obvious product tendering and empowering buyers to make knowledgeable bidding decisions based on available merchandise and winning rate.

Type – United States Milk Powder Market breakup in 6 viewpoints:

  1. Whole Milk Powder
  2. Skimmed Milk Powder
  3. Dairy Whitener Powder
  4. Buttermilk Powder
  5. Fat-Filled Milk Powder
  6. Other Milk Powder

 

 

Application – United States Milk Powder Market breakup in 6 viewpoints:

  1. Nutritional Food
  2. Infant Formulas
  3. Confectionaries
  4. Baked Sweets
  5. Savories
  6. Others

 

 

All the Key players have been covered from 3 Viewpoints:

  • Overview
  • Recent Development
  • Revenue Analysis

 

 

Company Analysis:

  1. Dairy Farmers of America Inc.
  2. Darigold
  3. Cargill Corporation
  4. The Kraft Heinz Company (U.S)
  5. Conagra Brands Inc.
  6. Land O’Lakes, Inc.
  7. Schreiber Foods Inc.
  8. California Dairies Inc.

 

Browse Related Report:

 

Indonesia Milk Powder Market: https://www.renub.com/indonesia-milk-powder-market-p.php

Milk Chocolate Market: https://www.renub.com/milk-chocolate-market-p.php

Milk Powder Market: https://www.renub.com/milk-powder-market-p.php

Flavoured Milk Market: https://www.renub.com/flavoured-milk-market-p.php

About the Company: 

Renub Research is a Market Research and Information Analysis company with more than 15 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

Contact Us:

Renub Research         

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Email: info@renub.com

LinkedIn: https://in.linkedin.com/company/renub-research

Web: www.renub.com

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button