US Milk Powder Market Size, Share & Trends Analysis Report By Product Type (Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk Powder, Fat Enrich Milk Powder and Others), By Application, and Forecast, 2023 - 2030

The United States (US) Milk Powder Market size is expected to reach $8.7 Billion by 2030, rising at a market growth of 3.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 1807.1 Kilo Tonnes, experiencing a growth of 4.0% (2019-2022).

The milk powder market in the United States has witnessed significant growth and transformation over the years, driven by various factors, including changing consumer preferences, technological advancements, and evolving dietary patterns. One of the key drivers fueling the growth of the milk powder market in the U.S. is the increasing demand for convenience and shelf-stable dairy products. Milk powder is rich in essential nutrients such as protein, calcium, vitamins, and minerals, making it a valuable dietary supplement for children, athletes, and individuals with specific nutritional needs. As a result, there has been a growing demand for milk powder-based products in the U.S., including fortified milk, protein shakes, and meal replacements.

Furthermore, the increasing adoption of milk powder by food manufacturers and the food service industry has significantly boosted milk powder market growth. Milk powder serves as a versatile ingredient in the food processing sector, offering functional properties such as emulsification, foaming, and texture enhancement. It is extensively used to produce baked goods, chocolates, ice creams, soups, sauces, and ready-to-eat meals to improve taste, texture, and nutritional content while extending product shelf life.

The COVID-19 pandemic has significantly impacted the milk powder market in the United States. There has been a surge in demand for long-lasting pantry staples, including milk powder, as U.S. consumers stocked up on essential items during periods of uncertainty. This increased demand resulted in temporary shortages and supply chain bottlenecks as manufacturers struggled to keep up with the sudden spike in orders. Conversely, the closure of food service establishments such as restaurants, cafes, and schools due to lockdown measures resulted in declining demand for dairy products, including milk powder, in the food service sector.

Market Trends

Rising demand for dairy products

The milk powder market in the United States has experienced a notable surge in demand for dairy products in recent years, driven by various factors ranging from convenience to nutritional considerations. One of the primary drivers behind the increasing demand for milk powder products is the growing awareness among U.S. consumers about the nutritional benefits of dairy products. The convenience offered by milk powder products has contributed to their rising popularity. Powdered milk can be easily stored without refrigeration, making it an ideal option for Americans seeking long-lasting dairy solutions.

The increasing demand for milk powder in the U.S. is also driven by its diverse applications across various food and beverage segments. Milk powder serves as a key ingredient in the manufacturing of a wide range of products, including baked goods, confectionery items, infant formula, and dairy-based beverages. The versatility of milk powder makes it an essential component in the food processing industry, further fueling its demand.

Moreover, changing consumer preferences and dietary habits have contributed to the growing demand for dairy products, including milk powder. As U.S. consumers increasingly prioritize natural and wholesome ingredients in their diets, milk powder, with its minimal processing and simple ingredient list, aligns well with these preferences. Additionally, the rise of plant-based alternatives has spurred innovation and product development within the dairy industry, introducing new milk powder formulations tailored to meet evolving consumer demands.

According to the United States Census Bureau, in November 2022, milk production in the 24 major states of the United States amounted to 17.3 billion pounds. This underscores the significance of the milk powder market in the U.S., reflecting a growing demand for dairy products. Thus, the surging demand for milk powder in the United States is driven by convenience, nutritional awareness, diverse applications in the food industry, and alignment with evolving consumer preferences for natural ingredients.

Growing influence of supermarkets and convenience store

In recent years, the milk powder market in the United States has witnessed a significant shift in consumer preferences and purchasing patterns, driven primarily by the growing influence of supermarkets and convenience stores. With their extensive product offerings and convenient shopping experiences, supermarkets have become dominant players in the milk powder market. These large-scale retailers leverage their purchasing power to negotiate favorable deals with suppliers, allowing them to offer competitive prices and a wide variety of milk powder products to U.S. consumers.

Convenience stores cater to Americans seeking quick and easy shopping solutions. With their strategic locations and extended operating hours, convenience stores provide unparalleled accessibility for busy consumers looking to purchase milk powder on the go. These stores often stock a selection of popular milk powder brands, catering to the immediate needs of shoppers and capitalizing on impulse purchases.

According to the U.S. Department of Agriculture, in 2020, the collective worth of retail food service sales reached $483 billion, with supermarkets dominating the industry by contributing 70% of total sales. The convenience store sector also played a significant role, accounting for another 14% of the overall sales. This underscores the growing influence of supermarkets and convenience stores in shaping the landscape of the milk powder market in the United States.

Furthermore, the rise of e-commerce has expanded the reach of supermarkets and convenience stores, enabling them to tap into new industries and attract a broader customer base in the U.S. Online platforms operated by these retailers offer the convenience of doorstep delivery and a seamless shopping experience, further enhancing their competitive edge in the milk powder market. Hence, the evolving preferences of U.S. consumers, coupled with the dominance of supermarkets and convenience stores, have profoundly reshaped the milk powder market.

Competition Analysis

The milk powder market in the United States is a vital segment of the dairy industry, catering to a diverse range of consumers and applications. From infant formula to baking and cooking, milk powder serves various purposes, making it an essential commodity in American households and businesses. Several companies dominate this industry, each contributing to its growth and evolution. Nestlé, a global powerhouse in the food and beverage industry, is significant in the U.S. milk powder market. With popular brands like Carnation, Nestlé offers a wide range of milk powder products tailored to consumer needs. From everyday use in coffee to specialized infant formula, Nestlé's products are trusted by millions of Americans for their quality and reliability.

Another key player in the U.S. milk powder market is Danone North America, a subsidiary of the French multinational company Danone. With brands like Horizon Organic, Danone caters to the growing demand for organic and sustainably sourced dairy products. Horizon Organic milk powder provides consumers with a convenient and nutritious alternative to conventional milk, aligning with the increasing emphasis on health and wellness in the U.S.

Abbott Laboratories is renowned for its expertise in nutritional products, including infant formula and adult nutritional supplements. In the U.S., Abbott's Similac brand is a household name, offering a range of milk powder formulas designed to support infant growth and development. With a focus on scientific research and innovation, Abbott continues to drive advancements in the milk powder market, meeting the evolving needs of consumers and healthcare professionals.

Private-label brands also play a significant role in the U.S. milk powder market, offering consumers affordable alternatives to national brands. Retail giants like Walmart and Costco have their private label milk powder products, competing with established brands on price and quality. These private-label offerings appeal to budget-conscious consumers while providing retailers higher profit margins and greater control over their product assortment. From global giants like Nestlé and Danone to local dairy processors and private-label brands, each player contributes to the vibrancy and competitiveness of the industry. With ongoing innovation and a focus on quality and sustainability, the U.S. milk powder market is poised for continued growth and evolution in the years ahead.

List of Key Companies Profiled

• Arla Foods, Inc.
• Dairy Farmers of America, Inc.
• Fonterra Co-operative Group Limited
• Nestle S.A
• Royal FrieslandCampina N.V.
• Saputo, Inc.
• Schreiber Foods, Inc.
• The Kraft Heinz Company
• Danone S.A.
• DANA Dairy Group Ltd.

US Milk Powder Market Report Segmentation

By Product Type

• Whole Milk Powder
• Skimmed Milk Powder
• Dairy Whitener
• Buttermilk Powder
• Fat Enrich Milk Powder
• Others

By Application

• Bakery & Confectionery
• Infant Formula
• Ice-Creams
• Nutrition Food
• Sweets & Savories
• Others

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 US Milk Powder Market, by Product Type
1.4.2 US Milk Powder Market, by Application
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
2.2.3 Market Opportunities
2.2.4 Market Challenges
2.2.5 Market Trends
2.3 Porter Five Forces Analysis

Chapter 3. US Milk Powder Market
3.1 US Milk Powder Market by Product Type
3.2 US Milk Powder Market by Application

Chapter 4. Company Profiles – Global Leaders
4.1 Arla Foods, Inc.
4.1.1 Company Overview
4.1.2 Financial Analysis
4.1.3 Regional Analysis
4.1.4 Research & Development Expense
4.1.5 Recent strategies and developments:
4.1.5.1 Partnerships, Collaborations, and Agreements:
4.1.5.2 Acquisition and Mergers:
4.1.5.3 Geographical Expansions:
4.1.6 SWOT Analysis
4.2 Dairy Farmers of America, Inc.
4.2.1 Company Overview
4.2.2 SWOT Analysis
4.3 Fonterra Co-operative Group Limited
4.3.1 Company Overview
4.3.2 Financial Analysis
4.3.3 Regional Analysis
4.3.4 Research & Development Expense
4.3.5 SWOT Analysis
4.4 Nestle S.A
4.4.1 Company Overview
4.4.2 Financial Analysis
4.4.3 Segmental and Regional Analysis
4.4.4 Research & Development Expenses
4.4.5 SWOT Analysis
4.5 Royal FrieslandCampina N.V.
4.5.1 Company Overview
4.5.2 Financial Analysis
4.5.3 Segmental and Regional Analysis
4.5.4 Research & Development Expenses
4.5.5 SWOT Analysis
4.6 Saputo, Inc.
4.6.1 Company overview
4.6.2 Financial Analysis
4.6.3 Segmental and Regional Analysis
4.6.4 SWOT Analysis
4.7 Schreiber Foods, Inc.
4.7.1 Company Overview
4.7.2 SWOT Analysis
4.8 The Kraft Heinz Company
4.8.1 Company Overview
4.8.2 Financial Analysis
4.8.3 Regional Analysis
4.8.4 Research & Development Expense
4.8.5 Recent strategies and developments:
4.8.5.1 Partnerships, Collaborations, and Agreements:
4.8.6 SWOT Analysis
4.9 Danone S.A.
4.9.1 Company Overview
4.9.2 Financial Analysis
4.9.3 Category and Regional Analysis
4.9.4 SWOT Analysis
4.10. DANA Dairy Group Ltd.
4.10.1 Company Overview
4.10.2 SWOT Analysis

TABLE 1 US Milk Powder Market, 2019 - 2022, USD Million
TABLE 2 US Milk Powder Market, 2023 - 2030, USD Million
TABLE 3 US Milk Powder Market, 2019 - 2022, Kilo Tonnes
TABLE 4 US Milk Powder Market, 2023 - 2030, Kilo Tonnes
TABLE 5 US Milk Powder Market by Product Type, 2019 - 2022, USD Million
TABLE 6 US Milk Powder Market by Product Type, 2023 - 2030, USD Million
TABLE 7 US Milk Powder Market by Product Type, 2019 - 2022, Kilo Tonnes
TABLE 8 US Milk Powder Market by Product Type, 2023 - 2030, Kilo Tonnes
TABLE 9 US Milk Powder Market by Application, 2019 - 2022, USD Million
TABLE 10 US Milk Powder Market by Application, 2023 - 2030, USD Million
TABLE 11 US Milk Powder Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 12 US Milk Powder Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 13 Key information – Arla Foods, Inc.
TABLE 14 Key Information – Dairy Farmers of America, Inc.
TABLE 15 key information – Fonterra Co-operative Group Limited
TABLE 16 Key Information – Nestle S.A
TABLE 17 Key Information – Royal FrieslandCampina N.V.
TABLE 18 Key Information – Saputo, Inc.
TABLE 19 Key Information – Schreiber Foods, Inc.
TABLE 20 Key Information – The Kraft Heinz Company
TABLE 21 Key information – Danone S.A.
TABLE 22 Key Information – DANA Dairy Group Ltd.

List of Figures
FIG 1 Methodology for the research
FIG 2 US Milk Powder Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Milk Powder Market
FIG 4 Porter’s Five Forces Analysis – Milk Powder Market
FIG 5 US Milk Powder Market share by Product Type, 2022
FIG 6 US Milk Powder Market share by Product Type, 2030
FIG 7 US Milk Powder Market by Product Type, 2019 - 2030, USD Million
FIG 8 US Milk Powder Market share by Application, 2022
FIG 9 US Milk Powder Market share by Application, 2030
FIG 10 US Milk Powder Market by Application, 2019 - 2030, USD Million
FIG 11 Recent strategies and developments: Arla Foods, Inc.
FIG 12 SWOT Analysis: Arla Foods, Inc.
FIG 13 SWOT Analysis: Dairy Farmers of Americas, Inc.
FIG 14 SWOT Analysis: Fonterra Co-operative Group Limited
FIG 15 SWOT Analysis: Nestle S.A
FIG 16 SWOT Analysis: Royal FrieslandCampina N.V.
FIG 17 SWOT Analysis: Saputo, Inc.
FIG 18 SWOT Analysis: Schreiber Foods, Inc.
FIG 19 SWOT Analysis: The Kraft Heinz Company
FIG 20 SWOT Analysis: Danone, S.A.
FIG 21 SWOT Analysis: DANA Dairy Group Ltd.