Skim Milk Powder (SMP) Market: Information by Type (High-heat (least soluble), Medium-heat, Low-heat (most soluble), Others) End-use (Confectionery, Bakery, Ice Creams, Others), and Region (Asia-Pacific, North America, Europe, Latin America, and Others) — Global Forecast till 2026
Skimmed milk powders are manufactured thank to a very simple process. They are obtained from fresh cow milk that has been skimmed, pasteurized and concentrated by vacuum evaporation. This concentrated milk is then spray dried or roller dried. Skimmed milk powder is used as an alternative to fresh milk after dissolution in water or by direct addition of the powder in the formulation, for instance, to standardize dry extract content or protein content.
Skim Milk Powder (SMP) market is projected to witness growth due to the high demand for application in industrial applications such as for production of Bakery and sweets commodities. The global Skim Milk Powder (SMP) market is estimated to be USD xxxx million in 2019 and is expected to reach USD xxxx million by 2026, with a CAGR of xxxx% during the forecast period.
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Key Dynamics
The global Skim Milk Powder market growth is mainly due to the promotion by the food industry. SMP used as an ingredient in baking recipes by manufacturers to enhance the tenderness of the foods, such as cakes, bread, and doughnuts. Furthermore, the high demand for feeding infants across the globe is another important factor that stimulating market growth. Due to the nutritional value such as vitamins and minerals that are needed for an infant’s growth, SMP is quite an alternative to mothers who are either intolerant to breastfeeding or who face a time crunch due to their work life, which soar large demand for the products thus pushing the market expansion. Out of this, the ongoing convenient economy transportation can supplement market growth as well.
However, the study projects that certain side effects may negatively restrict the market growth, such as the lacking of antibodies that are needed for building up infant’s immunity system, the artificially manufacturing process which makes it difficult for babies to digest.
Segmentation
On the basis of type, Skim Milk Powder (SMP) Market segmented into
l Medium-heat
l Low-heat (most soluble)
On the application, Skim Milk Powder (SMP) Market segmented into
l Confectionery
l Bakery
l Ice Creams
l Others
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Competitive Landscape
Important players profiled in the global Skim Milk Powder (SMP) market include Danone, Nestle, Nestle, FrieslandCampina, Arla, Vreugdenhil Dairy, Alpen Dairies, NZMP, FIT company, California Dairies, DFA, Lactalis, Land O'Lakes, Fonterra, Westland, Tatura, Burra Foods, MG, Ausino, Yili, and etc.
Regional Spotlights
Geographically, the global Skim Milk Powder market can be divided into North America, Europe, Asia-Pacific, and ROW. While North America and Europe dominate the prevailing market due to the shifting consumer preference towards dairy products, and the flourishing food industry. Likewise, the Asia-Pacific area has the potential for a remarkable growth over the next few years, the increasing number of newborn babies is the main factor.
Overall Regions Outlook
l North America (U.S., Canada, Mexico)
l Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe
l Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific)
l Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries.
l Others
In-depth Skim Milk Powder (SMP) Market Report: Intended Audience
l Skim Milk Powder (SMP) manufacturers
l Raw material suppliers of Skim Milk Powder (SMP) products
l Downstream vendors and end-users
l Traders, distributors, and resellers of Skim Milk Powder (SMP)
l FMCG, food & beverage industry associations and research organizations
l Product managers, Skim Milk Powder (SMP) industry administrator, C-level executives of the industries
l Market Research and consulting firms
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Years considered for the study
l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
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