A
new market research report, titled “North America Milk Market -
Scenario, Industry Analysis, Size, Share, Growth, Trends, and
Forecast, 2013 - 2019,” has been recently published by a global
market intelligence firm, Transparency Market Research. The study
provides a comprehensive analysis of the North America milk market,
focusing on the product portfolio, major driving factors, barriers,
growth opportunities, current trends, and competitive scenario.
Download
exclusive Sample of this report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2562
The
growing demand for innovative and new products including flavored
milk, increasing health concerns among the population, and increasing
distribution channels such as supermarkets, hypermarkets, retail
stores, and convenient stores are some of the key factors that are
expected to augment the growth of the milk market in North America in
the next few years. On the flip side, the availability of several
substitutes including soy milk, almond milk, and others and the low
shelf life of dairy products are the factors that are expected to
hamper the growth of the market in the next few years.
According
to the research study, in 2012, the milk market in North America was
worth US$27.8 bn and further back, in 2013 the market was valued at
US$29.1 bn. The market is estimated to reach a value of US$35.8 bn by
the end of 2019, exhibiting a 3.50% CAGR between 2013 and 2019. On
the basis of volume, in 2013, the milk market in North America stood
at 17.96 bn kg and is projected to be 21.05 bn kg by the end of 2019,
growing at a 2.1% CAGR between 2013 and 2019.
On
the basis of product type, the milk
market in North America has been classified into concentrated
milk, powder milk, butter milk, and liquid milk. Among all these
types, the concentrated milk segment is expected to grow rapidly
throughout the forecast period. This segment is projected to exhibit
a 3.47% CAGR between 2013 and 2019. Nevertheless, the liquid milk
segment is anticipated to grow substantially in the coming years,
thanks to the growing awareness among the population about the daily
requirement of nutrients and a healthy diet to maintain a healthy
lifestyle.
On
the basis of geography, the milk market in North America has been
divided into the U.S., Canada, and Mexico. The U.S. is considered as
the largest producer of milk and other dairy products. In addition,
the growing health concerns and rising demand for food that has a
high nutritional value are some of the other factors that are
estimated to boost the demand for milk in this region.
Furthermore,
the research study covers the competitive scenario of the milk market
in North America, including detailed profiles of the major players
operating in the market. In 2013, the Dairy Farmers of America held
the largest share in the overall U.S. milk market. The prominent
players operating in the milk market in Canada include Dairy land,
Neilson, and Parmalat, which collectively held the largest share in
the market in this region in 2013. Furthermore, in the same year, in
Mexico, GrupoLala dominated the milk market. Some of the other
players in the North America milk market are Dean Foods Co., Saputo
Inc., and Groupe Danone.
Key
Segments of the Milk Market:
Milk
Market, by Type
The
different types covered under this research study are defined as
follows:
- Butter Milk
- Concentrated Milk
- Liquid Milk
- Powder milk
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