The North America milk market is calculated to touch $ 514.64 Billion by 2029 from $ 356.67 Billion in 2024, at a CAGR of 7.61% during the conjecture time frame 2024 to 2029.
Milk is a white liquid which is produced by mammals in the mammary gland. It is the key source of nutrition in young mammals before they become capable of digesting other forms of food. Milk is consumed by about six billion people daily and about 750 million people in the world are employed in the milk industry alone. Milk products are sold in a lot of varieties which is based on factors like age, additives, farming method, coagulation, fermentation, flavouring, fat content, homogenization and packaging among others. The composition of milk changes widely among various species in the parameters such as the amount of fats, sugars, proteins and various vitamins and minerals. Milk is known to be a wholesome diet which is known to offer various health benefits such as promotion of muscle growth and reduction of body fat, among others.
The North America Milk market is driven by factors like rising production of milk, rising awareness about healthy diets, rising population, growing disposable incomes and various flavours being available in the market among others. The increasing demand for the milk and milk products among the people due to growing awareness among the people regarding the health benefits of the milk is fueling the market growth. As the milk consists of various nutrients such as vitamin D, vitamin A, calcium, protein, magnesium, lactose and others which benefit the human health by providing bone health, skin health, cardio health and others which drives the adoption rate among the people leading to regional market growth. The increased adoption of milk among the children and older adults due to its high nutritional value is significant factor driving the market expansion. The ease of availability and enhanced demand for the milk from the dairy industry and growing utilisation of milk in various food cuisines and smoothies is propelling the market revenue growth.
Some of the restraints which are faced by this market are perceived inhumane treatment of cattle in dairy farms and growing awareness about lactose intolerance. The increasing cases of lactose intolerance among the people is the significant factor enhancing the people to adopt other milk alternatives which leads to restricted market growth.
The growing number of people shifting towards the veganism, where these people does not consume animal-related products which is estimated to impact negatively on the North American milk market growth rate. The availability of various alternatives such as plant-based milk products and other nutritional food sources will impede the market revenue growth.
The rising health standards of the people is escalating their shift towards the nutritional foods and the growing number of dairy farms across the region is creating growth opportunities to the milk market in the region. The rising milk production in the region and the presence of enlarged distribution networks and the growing demand for the dairy products such as cheese, butter, yogurt and others are accelerating the market growth opportunities.
The increasing cases of allergies, and the risk of type 1 diabetes, and the growing scenarios of milk adulteration products is limiting the adoption rate among the people which hampers the market growth. The decreased levels of milk production across the United States impact negatively on the market expansion.
This research report on the North America milk market is segmented and sub-segmented into the following categories.
The kids segment dominated the North American market with prominent market share and is expected to register highest CAGR during the forecast period. The increased consumption of milk among the children aged 2 to 5 years, followed by 6 to 11 years is driving the segment growth. The high nutritional value of the milk is influencing the parents to provide milk to the children which helps in substantial health growth leading to market expansion.
The health-conscious segment is estimated to have steady growth in the coming years owing to the increased awareness regarding the health benefits of milk.
The whole milk segment held the most significant share in the regional market revenue and is estimated to maintain the dominance during the forecast period. The whole milk is widely consumed rather than the pasteurized milk due to the presence of complete nutritional value along with fats which fuels the segment growth. The whole milk is extensively consumed by the younger children as it consists of complete protein, calcium, vitamins and others which boosts the segment expansion.
The toned milk segment is projected to have substantial growth in the coming years due to increasing rate of adoption. The toned milk consists of fat content and non-fat solids which benefits the health and diet-conscious people, propelling the segment growth opportunities.
Cow segment accounted with the significant growth rate in the regional market and is anticipated to continue the domination during the forecast period. The cow milk is the most widely adopted milk type among the people due to its high nutritional value which supports the healthy growth of children and also benefits to health-conscious people which propels the segment growth. The increasing production rate of cow milk in the region is boosting the segment growth rate.
The buffalo segment is predicted to have considerable growth in the coming years owing to rising adoption of buffalo milk after cow milk. The ease of availability and health benefits of buffalo milk is fueling the segment growth.
North America has the largest market for milk in the world. In the North America region, United States has the largest market which is followed by Canada. Factors such as rising disposable incomes and growing awareness about healthy foods is expected to propel the market growth in the region. The increasing export of milk and milk products from the North American region is escalating the market revenue of the region. The increased demand for the milk and milk products in the food and beverages industry is significant factor contributing to the highest demand for milk leading to substantial market growth. The expanding distribution networks in United States is contributing to regional market share growth.
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