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Whole milk powder market size was valued 21 Bn in 2019 and is expected to reach a high over US$ 23.6 Bn by the end of the assessment period. The Whole Milk Powder Market has been expected to show a considerable growth at a CAGR of 4.0% throughout the forecast period 2020-2025.
Whole milk powder is a derivative of milk produced by boiling it, until all the moisture content gets evaporated, eventually leaving fine particles of milk solids. Milk powder is preserved by removing most of the moisture to the greatest extent possible, which stops microbial growth. When it is compared with liquid milk, it has longer shelf life and does not require any refrigeration, due to less microbial activity and negligible moisture content. Moreover, whole milk powder is easy to transport and can be delivered to any part of the world with minimal packaging. Wide range use of whole milk powder and increasing consumption of chocolate are the role players in boosting the growth of the global milk powder market. But, due to the rise of lactose intolerance and rising inflation in the market has somehow restricted the growth of the market. New revenue opportunities in emerging economics and the rising demand for organic food products are anticipated to bring great profitable growth for the whole milk powder manufacturers during the forecast period.
Whole milk powder is an easily reconstituted solid of liquid milk and is inexpensive source of dairy product. The use of whole milk powder is easy and much more convenient to transport in hot places without any damage unlike the liquid milk which needs refrigerated transport to keep it fresh. Powdered form helps to save a lot of money, which is beneficiary for the company and the consumers too. The whole milk powder is made by only two processes, roller drying and spray drying. The spray dried powder is more likely to be used than the milk powder. By adding whole milk powder in the diet, it adds protein, calcium and several other properties. To facilitate the formulation of fat emulsion, whole milk powder is also used as a substitute of water/oil. The use of milk powder in many baby products with the presence of various nutrients such as Vit C, Vit B12, thiamine and many other nutritious ingredients is going to fuel the growth of the world milk market.
Global Whole Milk Powder Market,[Drying Method]
Global Whole Milk Powder Market,[Category]
Global Whole Milk Powder Market,[Application]
Global Whole Milk Powder Market,[Region]
After a depth regional analysis, it has been seen that Europe captures the lead position. In 2019, the European market had an approximate share of 33% in the global market share of the whole milk powder market. As per the European Dairy Association annual report of 2018, Europe has more than 12,000 milk production sites which generates a wealth of $11.2 Bn to the overall Europe trade balance.
North America is believed to be the second-largest producer and market holder of whole milk powder due to the high per capita income and fast changing lifestyle of the people of America. Also, the availability of various types of fortified whole milk powder is expected to give a boost in growth of market in this area.
Asia Pacific is expected to grow the highest CAGR in the entire milk powder market due to the growing population and in countries like India, where it’s a tradition to serve milk will make it impossible to provide liquid milk, so they are switching to packet milk powder which is easily available easily. These factors are going to fuel the growth of the market. While in LAMEA, the demand of milk powder keeps on growing due to changes in consumer’s work and lifestyles which has attracted the locals and made them depend on packaged foods.
The report offers a comprehensive insight on the Whole Milk Powder Market share, competitor landscape, market trends, growth, revenue, and key driver’s analysis with coverage of key players, top geographies, product types and end user.
Exhaustive secondary research and in-depth primary interviews with industry experts has been conducted to present qualitative and quantitative insights in the report.
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