"An international Milk Powder Market report identifies the consumers’ needs and wants to deliver it more sincerely, effectively and efficiently than the competition. By employing objective analysis, covered in this market research report, to make decisions, it becomes easy to develop better business strategies, improve professional reputation in the field and help build trust of other individuals. In this report, market is segmented based on mainly type, application, and region. While preparing the market report, detailed market analysis has been performed with inputs from industry experts. In addition, market share analysis as well as key trend analysis is the key accomplishing factors in the widespread Milk Powder Market report.
What is more, Milk Powder Market document covers a complete study of the product specifications, revenue, cost, price, gross capacity and production. Report also enables to get aware of the extent of the marketing problems. Market segmentation analysis carried out in this global market research report with respect to product type, applications, and geography is very supportive in taking any verdict about the products. Massive data and information of the world class Milk Powder Market report is collected from a multiple trustworthy sources such as journals, websites, white papers, annual reports of the companies, and mergers.
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The demand for milk powder has been on the rise, driven by various factors that include convenience, extended shelf life, and ease of storage. As a popular dairy product, milk powder serves as a versatile ingredient in a wide range of culinary applications and is a convenient option for those who may not have access to fresh milk regularly. In addition, it caters to consumers seeking longer shelf life without compromising nutritional value. The convenience of reconstituting milk from powder form also appeals to busy lifestyles. Moreover, the global market for milk powder is influenced by the growing population, urbanization, and changing dietary habits, making it a key driver for the global milk powder market's continued growth.
Data Bridge Market Research analyses that the global milk powder market which was USD 35.17 billion in 2022, is expected to reach USD 48.51 billion by 2030, and is expected to undergo a CAGR of 4.10% during the forecast period of 2023 to 2030. “Whole milk powder” dominates the type segment of the global milk powder market as it offers a complete nutritional profile as it contains both the milk fat and solids, providing a rich source of essential nutrients such as protein, calcium, and vitamins. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Milk Powder Market Scope and Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2023 to 2030 |
Base Year | 2022 |
Historic Years | 2021 (Customizable to 2015-2020) |
Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
Segments Covered | Type (Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk Powder, Fat-Filled Milk Powder, and Other Milk Powder), End Use (Nutritional Food, Infant Formulas, Confectionaries, Baked Sweets, Savories, Household, Foodservice Industry and Others), Distribution Channel (Business to Business, Business to Consumer) |
Countries Covered | U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa |
Market Players Covered | Fonterra Co-operative Group (New Zealand), Nestlé (Switzerland), Arla Foods amba (Denmark), China Mengniu Dairy Company Limited (China), Dairy Farmers of America Inc. (U.S.), Land O'Lakes, Inc. (U.S.), MORINAGA MILK INDUSTRY CO., LTD. (Japan), Ausnutria Dairy Corporation Ltd. (Netherlands), Parmalat S.p.A. (Italy), Sodiaal (France), Synlait Ltd. (New Zealand), Schreiber Foods (U.S.), Saputo Inc. (Canada), Milkfood Limited (India), Freddy Baines n.v. (Belgium), Kaskat (Poland), Param Dairy Limited (India), Medallion Milk (Canada), Lakeland Dairies (Ireland), Interfood Holding B.V. (Netherlands), Nova Dairy (India), Alban Company Qatar (Qatar) |
Market Opportunities |
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Market Definition
Milk powder, also known as powdered milk or dried milk, is a dairy product obtained by evaporating the liquid content of milk to remove the water. The resulting powder consists of the milk solids, including proteins, lactose, minerals, and vitamins. This dehydration process extends the shelf life of the product and makes it more convenient for storage and transportation.
Global Milk Powder Market Dynamics
Drivers
- Long Shelf Life and Convenience
One of the key drivers of the global milk powder market is the extended shelf life and convenience that powdered milk offers. It is easier to store and transport compared to liquid milk. The milk powder market has experienced substantial growth, primarily attributable to its advantageous features of extended shelf life and convenience. The process of removing moisture from liquid milk during production renders milk powder resistant to spoilage, granting it a prolonged shelf life. Efficient packaging further contributes to the preservation of quality by preventing the entry of moisture and contaminants.
- Rising Demand in Developing Markets
Increasing urbanization, changing lifestyles, and a growing population in developing markets contribute to a rising demand for convenient and long-lasting dairy products such as milk powder. The global milk powder market has witnessed a surge in demand, particularly in developing markets, reflecting changing consumer preferences and evolving economic landscapes. This upward trajectory can be attributed to several key factors. Firstly, as developing economies experience increased urbanization, there is a growing need for products that offer convenience and longer shelf life.
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The global milk powder market is segmented on the basis of product type, distribution channel, digital sensor type, component and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Whole Milk Powder
- Skimmed Milk Powder
- Dairy Whitener
- Buttermilk Powder
- Fat-Filled Milk Powder
- Other Milk Powder
End Use
- Nutritional Food
- Infant Formulas
- Confectionaries
- Baked Sweets
- Savories
- Household
- Foodservice Industry
- Others
Distribution channel
- Business to Business
- Business to Consumer
Table of Contents for a Milk Powder Market Research Article:
- Introduction
- Background and Overview
- Objective of the Study
- Scope of the Milk Powder Market Research
- Methodology
- Data Collection
- Data Analysis
- Research Approach
- Sampling Techniques
- Research Instruments
- Executive Summary
- Key Findings
- Milk Powder Market Overview
- Milk Powder Market Trends and Insights
- Milk Powder Market Overview
- Milk Powder Market Definition
- Milk Powder Market Segmentation
- Milk Powder Market Size and Growth Rate
- Milk Powder Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porter's Five Forces Analysis
- Milk Powder Market Trends and Insights
- Emerging Technologies
- Consumer Behavior and Preferences
- Regulatory Landscape
- Competitive Analysis
- Milk Powder Market Segmentation
- Product Type
- Application
- Region
- End-User
- Other Relevant Segments
- Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Competitive Landscape
- Milk Powder Market Share Analysis
- Key Players Profiles
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments
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