Milk Powder Market Trends, Size, Share, Analysis and Forecast 2022-2027

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According to the latest report by IMARC Group, titled “Milk Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global milk powder market reached a value of US$ 30 Billion in 2021. Looking forward, the market is further projected to exhibit a CAGR of 7% during 2022-2027.

Milk powder is a factory-produced dairy product formulated by dehydrating liquid milk via numerous drying methods, including pasteurization and preheating until it transforms into a solid form. This, in turn, assists in reducing the moisture content, extending the shelf-life, optimizing quality, and preserving the nutritional value of the product. Milk powder comprises similar inherent features to its conventional counterparts, such as flavor, color, solubility, and dietary elements. At present, milk powder is commercially available in whole, skimmed, and dairy whitener milk powder forms.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Milk Powder Market Trends and Drivers:

The global milk powder market is primarily driven by the extensive product utilization across the food and beverage (F&B) sector to prepare various items, including infant formulas and confectionery and baked goods. Additionally, milk powder serves as a rich source of vitamins C and B12, thiamine, calcium, and proteins that aid in ensuring muscle-building, promoting cellular repair, and regulating the immune system. This, in turn, has further facilitated their employment in sports supplement products, which is propelling the market growth. Apart from this, significant technological advancements in milk powder manufacturing procedures and strategic collaborations amongst key players to introduce organic and low-fat product variants in innovative packaging solutions are supporting the market growth. 

Milk Powder Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

• Nestlé
• Danone
• Lactalis
• Fonterra
• Friesland Campina
• Dean Foods
• Arla Foods
• Dairy Farmers of America
• Kraft Foods
• Saputo
• Parmalat

Key Market Segmentation:

The report has segmented the global milk powder market on the basis of product type, function, application and region.

Breakup by Product Type:

• Whole Milk Powder
• Skimmed Milk Powder

Breakup by Function:

• Emulsification
• Foaming
• Flavouring
• Thickening

Breakup by Application:

• Infant Formula
• Confectionery
• Sports and Nutrition Foods
• Bakery Products
• Dry Mixes
• Fermented Milk Products
• Meat Products
• Others

Regional Insights:

• European Union
• New Zealand
• China
• United States
• Brazil
• Others

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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