Report U.S. - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 2, 2023

U.S. - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)

U.S.: Powdered Milk Market 2023

Powdered Milk Market Size in the U.S.

The U.S. powdered milk market contracted notably to $X in 2021, reducing by -27.7% against the previous year. Over the period under review, consumption recorded a deep contraction. Powdered milk consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Powdered Milk Production in the U.S.

In value terms, powdered milk production reduced modestly to $X in 2021. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 28%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Powdered Milk Exports

Exports from the U.S.

Powdered milk exports from the United States expanded sharply to X tons in 2021, increasing by 7.8% compared with the previous year. Overall, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +55.2% against 2015 indices. The growth pace was the most rapid in 2013 when exports increased by 28% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, powdered milk exports skyrocketed to $X in 2021. In general, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 56% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Mexico (X tons) was the main destination for powdered milk exports from the United States, with a 37% share of total exports. Moreover, powdered milk exports to Mexico exceeded the volume sent to the second major destination, the Philippines (X tons), threefold. The third position in this ranking was taken by Indonesia (X tons), with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico stood at +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+10.5% per year) and Indonesia (+10.2% per year).

In value terms, Mexico ($X) remains the key foreign market for powdered milk exports from the United States, comprising 38% of total exports. The second position in the ranking was held by the Philippines ($X), with a 12% share of total exports. It was followed by Indonesia, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+8.9% per year) and Indonesia (+8.7% per year).

Export Prices by Country

In 2021, the average powdered milk export price amounted to $X per ton, rising by 12% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 24%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were Peru ($X per ton) and Colombia ($X per ton), while the average price for exports to the Philippines ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.

Powdered Milk Imports

Imports into the U.S.

In 2021, overseas purchases of powdered milk decreased by -49.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 107% against the previous year. Imports peaked at X tons in 2020, and then shrank rapidly in the following year.

In value terms, powdered milk imports reduced sharply to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 54% against the previous year. As a result, imports reached the peak of $X, and then dropped dramatically in the following year.

Imports by Country

In 2021, Mexico (X tons) constituted the largest powdered milk supplier to the United States, accounting for a 72% share of total imports. Moreover, powdered milk imports from Mexico exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was held by New Zealand (X tons), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from Mexico totaled +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+16.6% per year) and New Zealand (-17.5% per year).

In value terms, Mexico ($X) constituted the largest supplier of powdered milk to the United States, comprising 67% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 22% share of total imports. It was followed by New Zealand, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.8% per year) and New Zealand (-15.1% per year).

Import Prices by Country

The average powdered milk import price stood at $X per ton in 2021, growing by 36% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Australia ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for powdered, evaporated and condensed milk in the world?
+
The countries with the highest volumes of consumption in 2021 were China, the United States and Brazil, with a combined 23% share of global consumption. France, Germany, Peru, Mexico, the Netherlands, Malaysia, Russia, Algeria, Indonesia and Singapore lagged somewhat behind, together comprising a further 31%.
What are the largest producers of powdered, evaporated and condensed milk in the world?
+
The countries with the highest volumes of production in 2021 were New Zealand, the United States and Germany, with a combined 42% share of global production.
What are the leading suppliers of powdered, evaporated and condensed milk to the U.S.?
+
In value terms, Mexico constituted the largest supplier of powdered, evaporated and condensed milk to the United States, comprising 50% of total imports. The second position in the ranking was taken by Chile, with a 15% share of total imports. It was followed by the Netherlands, with a 14% share.
What are the leading importers of powdered, evaporated and condensed milk from the U.S.?
+
In value terms, Mexico remains the key foreign market for powdered, evaporated and condensed milk exports from the United States, comprising 38% of total exports. The second position in the ranking was taken by the Philippines, with a 12% share of total exports. It was followed by Indonesia, with an 8.1% share.
What is the average export price for powdered, evaporated and condensed milk in the U.S.?
+
The average export price for powdered, evaporated and condensed milk stood at $2,808 per ton in 2021, with an increase of 12% against the previous year.
What is the average import price for powdered, evaporated and condensed milk in the U.S.?
+
In 2021, the average import price for powdered, evaporated and condensed milk amounted to $2,621 per ton, picking up by 12% against the previous year.

This report provides an in-depth analysis of the powdered milk market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 897 - Dry Whole Cow Milk
• FCL 898 - Dry Skim Cow Milk
Country coverage:
• United States

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
Webinar: Decarbonisation and Your Business Strategy - Zero Net Carbon Buildings

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 22nd, 2022 @ 04:00 pm ET

Webinar: Decarbonisation and Your Business Strategy - Tools and Marketplaces

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 8th, 2022 @ 04:00 pm ET

Webinar: Decarbonisation and Your Business Strategy - Steps and Practices

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, January 25th, 2022 @ 04:00 pm ET