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 Size 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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