According to the report, the Milk Powder market is predicted to achieve USD 43,536 million by 2026. This report examines the status quo and projections of the global Milk Powder market and analyzes the Milk Powder market by manufacturer, type, application, and region. This report focuses on top manufacturers in North America, Europe, Japan, China, India, Southeast Asia, and other regions (Central and South America, Middle East and Africa).
Market Summary
Overview:
Milk powder, which is prepared by evaporating milk, is extensively used as a milk replacer. The primary purpose of drying milk is preservation, as the process extends the shelf life of the product. Milk powder has low moisture content and does not need to be refrigerated. Moreover, it is non-perishable and widely used in different types of food and beverages. The production of milk powder involves the removal of water at the lowest possible cost under stringent hygiene conditions and also ensuring that all the natural properties of milk, such as flavor and nutritional value, are retained in the milk powder.
The Milk Powder market report covers the leading players in the market and analyzes their key strategies. Leading players in this market include Danone, Nestle, FrieslandCampina, Arla, Saputo, Schreiber Foods, Vreugdenhil Dairy, Alpen Dairies, California Dairies, Lactalis, Land O'Lakes, Fonterra, Westland, Tatura, Burra Foods, Ausino, Yili, Mengniu, Feihe, Wondersun, etc.
The prominent market players maintain the competitive edge in the global market by making investments in the mergers and acquisitions and by increasing their product portfolio.
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Value:
It is estimated that the total market value of the Milk Powder global market is poised to reach USD 43,536 million in 2026 from USD 30,208 million in 2019, with a CAGR of 5.36%.
Facilitating and Limiting Factors:
The Milk Powder market is expected to register substantial growth in the coming years, owing to the increasing use of Milk Powder in infant foods and the existence of several nutrients such as vitamin C, vitamin B12, thiamin, and high amounts of protein. In addition, reduced storage and transportation costs are also positively influencing the market growth. However, the addition of preservatives, adulteration, and strict regulations related to baby foods are the key restraining factors for the Milk Powder market. With the increase of per capita income, disposable income, and living standard, the Milk Powder market is expected to grow significantly over the forecast period.
The global Milk Powder market is broadly divided based on type, application, and region:
By type - Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk Powder, Other
By application - Nutritional Foods, Infant & adult Formula, Confectionaries, Baked Sweet and Savories
By region - North America, Asia-Pacific, Europe, Latin America, Middle East, and Africa, Others
Asia-Pacific is the global market leader at a share of 32.55%, and the trend is expected to continue during the forecast period. This can be attributed to the increasing demand for milk powder in this region. In addition, the growing population base, increasing milk production, and large-scale urbanization will also boost the growth of the market in the Asia-Pacific region. Europe is the second largest market with a share of 30.16%, followed by North America, accounting for 28.13%.
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Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Milk Powder Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Milk Powder Market by Types
4 Segmentation of Milk Powder Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Milk Powder Market in Major Countries
7 North America Milk Powder Landscape Analysis
8 Europe Milk Powder Landscape Analysis
9 Asia Pacific Milk Powder Landscape Analysis
10 Latin America, Middle East & Africa Milk Powder Landscape Analysis
11 Major Players Profile
11.1 Danone
11.1.1 Danone Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Nestle
11.3 FrieslandCampina
11.4 Arla
11.5 Saputo
11.6 Schreiber Foods
11.7 Vreugdenhil Dairy
11.8 Alpen Dairies
11.9 California Dairies
11.10 Lactalis
11.11 Land O'Lakes
11.12 Fonterra
11.13 Westland
11.14 Tatura
11.15 Burra Foods
11.16 Ausino
11.17 Yili
11.18 Mengniu
11.19 Feihe
11.20 Wondersun
…
Audience:
l Milk Powder manufacturers
l Milk Powder importers and exporters
l Milk Powder traders, distributors, and suppliers
l Raw material suppliers of Milk Powder
l Milk Powder industry associations
l Product managers, Milk Powder industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
What Information does this report contain?
l The report covers the prediction and analysis of the global Milk Powder market at the global and regional levels.
l The report includes drivers and constraints that affect market growth.
l Discussed details about market opportunities
l The assessments for the regional market layout characteristics in the world.
l The report includes detailed company profiles for prominent market participants.
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