Milk Powder Market: Global Size, Share, Trends, Growth and Forecast, 2022-2032
Milk Powder Market Overview and Definition
Milk powder, also known as powdered milk, is a dairy product that is made by evaporating milk to dryness. The milk is usually skimmed and pasteurized before being evaporated, which removes most of the water and leaves behind a dry powder. Milk powder is a popular food ingredient and is used in various applications, including in the production of baked goods, confectionery, infant formula, and other food products.
The milk powder market is driven by the increasing demand for dairy products worldwide, as well as by the advantages of milk powder over fresh milk. Milk powder has a longer shelf life, is easier to transport, and can be stored without refrigeration, making it a convenient and cost-effective alternative to fresh milk. Additionally, milk powder is a good source of nutrients such as calcium, protein, and vitamins.
The milk powder market includes different types of milk powder, including whole milk powder, skimmed milk powder, and buttermilk powder, among others. Whole milk powder is made from whole milk and is the most common type of milk powder, while skimmed milk powder is made from skimmed milk and has a lower fat content. Buttermilk powder is made from the liquid left over after making butter and has a tangy flavor.
The milk powder market is expected to grow significantly in the coming years, driven by the increasing demand for dairy products, particularly in emerging economies such as India and China. The market is also influenced by the growing demand for organic and plant-based milk alternatives, which are expected to drive innovation and new product development in the industry.
Overall, the milk powder market plays a crucial role in the global food industry, providing a convenient and cost-effective source of nutrition for consumers worldwide. As the demand for dairy products continues to grow, the market for milk powder is expected to remain a key component of the food industry, providing essential solutions for food manufacturers and consumers alike.
The global milk powder market is expected to thrive at a CAGR of 6.8% during the projected period. The market is expected to reach at a notable revenue by 2032. The market of milk powder is majorly driven on the back of rapidly growing food & beverage industry across the globe. Additionally, milk and milk derivatives are one of the key ingredients used in major food & beverage products and this demand is expected to rise in near future due to rapid innovation and advancement in confectionary items.
Segmentation
The research offers a comprehensive analysis of milk powder market with respect to following sub-markets:
By Product Type
- Soy Milk Powder
- Skimmed Milk Powder
- Whole Milk Powder
- Butter Milk Powder
- Others
By Application
- Nutritional Foods
- Infant Formulas
- Confectionaries
- Baked Sweet and Savories
- Others
By Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Stores
- Others
By Geography
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as:
- Alaska Milk Corporation
- Nestlé S.A.
- Abbott Nutrition
- Kraft Foods
- Belgomilk
- Unilever
- Friesland Campina
- Danone
- Lactalis
- Fonterra Co-operative Group
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
The study also provides company’s positioning and market share in milk powder market.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecasted Year
Research Scope and Deliverables
- Overview & Executive Summary
- Market Drivers, Trends, Challenges and Opportunities
- Market Size and Forecast Projections
- Global Milk Production & Consumption Statistics
- Global Milk Powder Import & Export Data
- Price Analysis
- Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
- Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
- Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global milk powder market by the following segments:
- Product Type
- Application
- Distribution Channel
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Milk Powder Industry Report:
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
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- Publication date: 19th February 2023
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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