Press release
North America Dairy Products Market Size, Growth, Volume, Market Forecast 2023-2030
North America Dairy Products Market - DataM Intelligence 4Market Research
The North America Dairy Products Market reached USD 92.5 million in 2022 and is expected to reach USD 127.57 million by 2030 growing with a CAGR of 4.1% during the forecast period 2023-2030.
Growing consumer demand for milk and milk-based products as a result of its health advantages contributes to market expansion throughout the predicted period. In North America, ice cream is one of the most popular dairy products. Ice cream is a frozen treat composed mostly of dairy products such as cream, milk, and sometimes butterfat. Increased consumer demand for functional foods such as dairy products contributes to market expansion.
Dairy alternatives are alternatives to regular dairy products, particularly for those who are lactose intolerant, allergic to dairy or follow a vegan diet. These plant-based replacements may be used in the same manner as milk. Almond milk, rice milk, soy milk, coconut milk, oat milk, and cashew milk are some plant-based dairy substitutes.
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Market Drivers
Increasing Health Advantages Consumption of Dairy Products Aids Market Growth Over the Forecast Period
Dairy products are high in calcium, which is necessary for healthy bones and teeth. Calcium supplementation as part of a balanced diet may help lower the incidence of osteoporosis and fractures, particularly in older persons. Milk contains high-quality protein, which is necessary for development, muscle repair, and general body function. Milk and yogurt, for example, are high in vitamins, including riboflavin (B2), B12, and pantothenic acid (B5). These vitamins are essential for metabolism and energy generation.
In addition to calcium, dairy products include additional minerals that are necessary for body processes, such as magnesium, potassium, phosphorus, and zinc. According to some research, including dairy products as part of a calorie-restricted diet may help control weight and sensations of fullness. Probiotics, which are good bacteria that assist gut health and digestion, are found in some dairy products such as yogurt and skim milk.
Market Segmentation
The North America Dairy Products Market is segmented by type, and distribution channel.
By Type
• Milk
• Milk Powder
• Cheese
• Yogurt
• Others
By Distribution Channel
• Online Sales
• Offline Sales
Geographical Share
The United States accounted for the largest market share in the region due to the increase in consumers' disposable income. Americans' dairy recommendations encourage consuming dairy items every day due to their relationship with health promotion and illness prevention. According to the International Dairy Foods Association, per capita dairy consumption in the United States will increase to 12 pounds per person by 2021.
According to USDA Economic Research Service (ERS) estimates, per capita dairy consumption will increase by 12.4 pounds per person in 2021. In 2021, US consumers consumed 667 pounds of dairy on a milkfat basis. In addition, milk, butter, cheese, and yogurt consumption is fast expanding. Yogurt consumption is increasing at the fastest pace. This rise in dairy product consumption in the nation contributes to the country's growth throughout the anticipated period.
Competitive Landscape
The major global players contributing to the North America Dairy Products Market growth include Nestlé S.A, Dairy Farmers of America, Inc., Danone S.A., Land O'Lakes, Inc., The Kraft Heinz Company, Agropur Cooperative, Lactalis Group, Inc., Dairy Management Inc., McKinsey & Company and Bergin Fruit & Dean Foods.
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