U.S. Dry Milk Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Dry Whole Milk, Dry Skimmed Milk, Evaporated Milk Creamer, Evaporated Milk), By End-User (Industrial, Traditional Retail, Online Retail, Hotel, Restaurant & Cafe (HoReCa), Others) and U.S. Dry Milk Market Insights Forecasts to 2032

Industry: Food & Beverages

RELEASE DATE Dec 2023
REPORT ID SI3150
PAGES 120
REPORT FORMAT PathSoft

U.S. Dry Milk Market Insights Forecasts to 2032

  • The U.S. Dry Milk Market Size was valued at USD XX Billion in 2022.
  • The Market Size is Growing at a CAGR of 5.6% from 2022 to 2032.
  • The U.S. Dry Milk Market Size is Expected to Reach USD XX Billion by 2032.

 

U.S. Dry Milk Market

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The U.S. Dry Milk Market Size is Expected to Reach USD XX Billion by 2032, at a CAGR of 5.6% during the forecast period 2022 to 2032.

 

Market Overview

Dry milk is made by dehydrating milk to remove all of the water and leave only the milk solids. Dry milk is also called milk powdered, dried milk and it has an extremely long shelf life and does not require refrigeration. Many different dairy products can be powdered, including buttermilk, but nonfat dry milk tends to be the most common choice. Furthermore, the US market for dry milk powder is driven by the consumption of milk in the United States, which is attributed to various nutrients like vitamin B12, thiamin, and high protein content. Additionally, dry milk powder has a longer shelf life than regular milk, which increases its demand over milk. Milk powder is a rich and natural source of protein. Along with being high in other vital minerals like selenium, phosphorous, magnesium, potassium, and zinc, it is also a good source of calcium. Consumers with obesity and heart disease should use it because it helps with weight loss and is low in cholesterol. Moreover, the market for dry milk is therefore anticipated to expand in the United States. As more women enter the workforce, dry milk usage rises and the United States market for dry milk expands. Furthermore, it is anticipated that the development and introduction of new products, such as lactose-free or flavored dry milk, will boost the market's future expansion.

 

Report Coverage

This research report categorizes the market for the U.S. dry milk market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the U.S. dry milk market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the U.S. dry milk market.

 

U.S. Dry Milk Market Report Coverage

Report CoverageDetails
Base Year:2022
Market Size in 2022:USD XX Billion
Forecast Period:2022 - 2032
Forecast Period 2022 - 2032 CAGR:5.6%
2032 Value Projection:USD XX Billion
Historical Data for:2019 - 2022
No. of Pages:120
Tables, Charts & Figures:135
Segments covered:By Product Type (Dry Whole Milk, Dry Skimmed Milk, Evaporated Milk Creamer, Evaporated Milk); By End-User (Industrial, Traditional Retail, On-line Retail, Hotel, Restaurant and Cafe (HoReCa
Companies Covered:Nestlé S.A., All American Foods Inc., Agri-Mark Inc., Associated Milk Producers Inc., Century Foods International LLC, Dairy Farmers of America Inc., Create A Pack Foods Inc., Land O’Lakes, Saputo Inc., Arla Foods USA, California Dairies Inc., Darigold Inc., Conagra Brands Inc., Schreiber Foods Inc., Associated Milk Producers Inc. (AMPI) and other Key Vendors.
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

Several important factors are driving the market for dry milk to grow. Technological developments have ensured an extended shelf life, improved sensory qualities, and increased efficiency and quality of dry milk production. The market for dry milk has grown due to shifting consumer preferences for adaptable and convenient dairy products that have a longer shelf life and are easier to transport and store. Another important factor is cost optimization since eliminating water during the drying process lowers waste and transportation expenses while increasing overall operational effectiveness. Furthermore, since dry milk processing uses less energy and water than liquid milk processing, it supports sustainability initiatives. Together, these factors support the expansion and uptake of the dry milk market, making it a favorable choice for various applications within the dairy industry.

 

Restraining Factors

The federal government in the United States have strict regulations governing the taxation, tariff structures, subsidies, and export/import of dry milk. This could potentially negatively impact the financial stability of milk powder producers and restrict market expansion.

 

Market Segment

  • In 2022, the dry skimmed milk segment accounted for the largest revenue share over the forecast period.

Based on the product type, the U.S. dry milk market is segmented into dry whole milk, dry skimmed milk, evaporated milk creamer, and evaporated milk. Among these, the dry skimmed milk segment has the largest revenue share over the forecast period. A rich and natural source of proteins is dry skimmed milk. Along with being high in other vital minerals like selenium, phosphorous, magnesium, potassium, and zinc, it is also a good source of calcium. Customers with obesity and heart disease should use it because it helps with weight loss and is low in cholesterol. The market for dry skimmed milk is therefore anticipated to expand globally.

 

  • In 2022, the restaurant & cafe segment is expected to hold the largest share of the U.S. dry milk market during the forecast period.          

Based on the end user, the U.S. dry milk market is classified into industrial, traditional retail, online retail, hotel, restaurant & cafe (HoReCa) and others. Among these, the restaurant & cafe segment is expected to hold the largest share of the U.S. dry milk market during the forecast period. In restaurants & cafes, dry milk is frequently used for baking, cooking, and drinking. The demand for dry milk as an ingredient in different food products drives this sector of the industry. Dry milk is used in the food service industry because it can be used to make a variety of dishes.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the U.S. dry milk market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Nestlé S.A.
  • All American Foods Inc.
  • Agri-Mark Inc.
  • Associated Milk Producers Inc.
  • Century Foods International LLC
  • Dairy Farmers of America Inc.
  • Create A Pack Foods Inc.
  • Land O’Lakes
  • Saputo Inc.
  • Arla Foods USA
  • California Dairies Inc.
  • Darigold Inc.
  • Conagra Brands Inc.
  • Schreiber Foods Inc.
  • Associated Milk Producers Inc. (AMPI)

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Development

  • In March 2023, Dairy Farmers of America announced partnership with Good Culture in order to expand its probiotic milk products portfolio.

 

Market Segment

This study forecasts revenue at regional, and country levels from 2021 to 2032. Spherical Insights has segmented the U.S. dry milk market based on the below-mentioned segments:

 

U.S. Dry Milk Market, By Product Type

  • Dry Whole Milk,
  • Dry Skimmed Milk,
  • Evaporated Milk Creamer
  • Evaporated Milk

 

U.S. Dry Milk Market, By End User

  • Industrial
  • Traditional Retail
  • Online Retail
  • Hotel
  • Restaurant & Cafe (HoReCa)
  • Others

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