(Food-Beverage-News.Com, November 27, 2017 ) According to the report North America Milk Powder Market, published by Market Data Forecast, the Global market is projected to reach USD XX million by 2021, at a CAGR of XX% from 2016 to 2021.
Milk powder is produced by evaporating milk. Milk powder has a long shelf life and also reduces transportation cost. It doesnt require refrigeration due to low moisture content.
North America Milk Powder Market: Drivers & Restraints Reduction in transportation and storage costs, increased shelf life and increase in disposable income in emerging nations are the primary drivers of this market.
However, infant deaths due to adulterated powdered milk and stringent regulations are hampering the growth of the market.
North America Milk Powder Market: Overview In 2016, dry whole milk category is expected to have the largest market share. Also, infant formula category is anticipated to dominate the market. As of 2016, in North America, US is the leading producer of milk powder.
North America Milk Powder Market: Key Players Some of the major companies present in the market include Nestle, Danone, Lactalis, Frieslandcampina, Fonterra, Dean Foods, Arla Foods, Dairy Farmers of America, Kraft Foods, and Saputo.
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