Powdered Milk Market in the United States
Market Overview
The U.S. powdered milk market surged to $
in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a slight contraction. Powdered milk consumption peaked at $ in 2014; however, from 2015 to , consumption failed to regain momentum.
In value terms, powdered milk production rose to $ in . Overall, the total production indicated a perceptible increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The most prominent rate of growth was recorded in 2008 with an increase of %. Over the period under review, production hit record highs at $ in 2014; however, from 2015 to , production stood at a somewhat lower figure.
in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a slight contraction. Powdered milk consumption peaked at $ in 2014; however, from 2015 to , consumption failed to regain momentum.In value terms, powdered milk production rose to $
in . Overall, the total production indicated a perceptible increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The most prominent rate of growth was recorded in 2008 with an increase of %. Over the period under review, production hit record highs at $ in 2014; however, from 2015 to , production stood at a somewhat lower figure.Consumption
After two years of decline, consumption of powdered milk increased by % to tons in . In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak volume of tons. From 2010 to , the growth of the consumption remained at a lower figure.
The revenue of the powdered milk market in the United States soared to $ in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a slight contraction. Over the period under review, the market attained the maximum level at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.
% to tons in . In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak volume of tons. From 2010 to , the growth of the consumption remained at a lower figure.The revenue of the powdered milk market in the United States soared to $
in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a slight contraction. Over the period under review, the market attained the maximum level at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for powdered milk in the United States, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of powdered milk in the United States were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for powdered milk.
Trade Balance
The United States remains a net exporter of powdered milk; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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