North America Concentrated Milk Market Projected to Cross $1.5 Billion by 2022
Increasing population, rising disposable income and
growing health consciousness
to drive
demand for concentrated milk in North America through 2022
According to a TechSci
Research report, “North
America Concentrated Milk Market By
Product Type,
By End User, By Country, Competition Forecast and
Opportunities, 2012 - 2022”, North America concentrated milk market is
projected to surpass $ 1.5 billion by 2022, on account of rising online sales, increasing
healthcare expenditure and growing awareness about various health benefits of
consuming concentrated milk. Moreover, changing
purchasing patterns of consumers, increasing purchasing power and growing
demand for processed dairy products with high nutritional value are few of the
other factors propelling demand for concentrated milk in North America. Few
of the major companies operating in North America concentrated milk market
include Nestle
USA, Eagle Family Foods, LLC, Dairy Farmers of America, Inc., Santini Foods,
Inc., and O-AT-KA Milk Products Cooperative, Inc.
Browse
7 market data Tables and 41 Figures spread through 100 Pages and an
in-depth TOC on "North America Concentrated Milk Market"
https://www.techsciresearch.com/report/north-america-concentrated-milk-market-by-product-type-condensed-and-evaporated-milk-by-end-user-food-services-food-processing-and-retail-by-country-united-states-canada-etc-competition-forecast-and-opportunities/964.html
United States dominated concentrated
milk market in North America and the country is anticipated to continue
dominating the market through the forecast period as well, owing to rising
demand for concentrated milk from food processing industry in the country.
Moreover, United States chocolate market, which was valued at
around $ 23 billion in 2016, is projected to reach $30.5 billion by 2021.
Furthermore, United States confectionary market is forecast to grow from $27.75
billion in 2016 to $34.45 billion by 2022. Anticipated growth in the country’s food
processing industry in the coming years is expected to significantly drive
demand for concentrated milk in the US through 2022. On the basis of product type, condensed milk dominated North America concentrated milk market
in 2016, owing to constant innovations and development of new types of condensed
milk products with high nutritional value over the last few years.
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“Rapid
urbanization and growing health consciousness among consumers is fueling demand
for concentrated milk products in North America. In the past, the region
generated high demand for conventional dairy products in comparison to processed
dairy products. However, of late, sales of evaporated milk and condensed milk products
in the region have been rapidly increasing due to growing demand from hotels,
restaurants and cafes. In order to address the growing demand for concentrated
milk from various end use industries, manufacturers are continuously focusing
on expanding their supply chain and distribution
networks across the region.”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“North
America Concentrated Milk Market By Product Type, By End User, By Country, Competition Forecast and Opportunities, 2012 - 2022” has evaluated
the future growth potential of North America concentrated milk market and
provides statistics and information on market structure, size, share and future
growth. The report is intended to provide cutting-edge market intelligence and
help decision makers to take sound investment evaluation. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in North America concentrated milk market.
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