Press Release
As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Global Milk Powder Market to Reach 13.01 Million Tons by 2026.
Milk powder is a dairy product which is made by drying or evaporating the moisture from the fluid milk. This is done in order to preserve it and increase its shelf life. Due to the low moisture content, it does not require any refrigeration. Owing to the intrinsic functional properties of milk powder, it is used as a food ingredient in value-added foods such as bakery, confectionery, sports and nutrition foods, meat products, etc.
Besides this, ease of storage and transportation along with low distribution costs of milk powder have augmented its demand all around the world, particularly in the regions where milk production is almost insignificant and places with poor transport facilities. Moreover, growing population, rising disposable incomes and increasing adoption of powdered milk as a substitute to regular milk have induced the growth of the global milk powder market. According to a new report by Expert Market Research, the market reached a volume of 10.8 Million Tons in 2020 and is expected to reach 13.01 Million Tons by 2026. Despite currently experiencing a moderate growth, the market is anticipated to witness a strong growth in developing markets in the near future.
Key findings from the report:
- Various types of milk powder available in the market include skimmed milk powder, whole milk powder and dairy whitener. In 2018, whole milk powder accounted for the majority of the total global milk powder production. It was followed by skimmed milk powder and dairy whitener.
- The major end-use sectors of milk powder include infant food, confectionery, sports and nutrition foods, bakery products, dry mixes, fermented milk products, meat products and others.
- Some of the major markets for milk powder include Asia-Pacific, North America, Europe and others.
- The global milk powder market is surrounded by a number of small and big players. Some of the key players include Nestle, Danone, Lactalis, Fonterra and Friesl and Campina.
Expert Market Research has analysed the global milk powder market according to type, end-use, major regions and top players:
Market breakup by Type
- Skimmed milk powder
- Whole milk powder
- Dairy whitener
Market breakup by End-use
- Infant Food
- Confectionery
- Sports and Nutrition Foods
- Bakery Products
- Dry Mixes
- Fermented Milk Products
- Meat Products
- Others
Market breakup by Region
- Asia-Pacific
- North America
- Europe
- Others
Top players
- Nestle
- Danone
- Lactalis
- Fonterra
- FrieslandCampina
About Us:
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Contact Us:
Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
Purchase Options
Call us on
Why Expert Market Research?
RIGHT PEOPLE
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
RIGHT METHODOLOGY
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
RIGHT PRICE
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
RIGHT SUPPORT
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
Similar Reports
The global yoghurt market attained a value of USD 43.5 billion in 2020, driven by the increasing popularity of the product among health-conscious consumers. Aided by the growing innovations and the av...
The increasing health consciousness among consumers and the growing preference for nutritional products are the major factors driving the growth of the flavoured milk industry in India.
The Kerala dairy market attained a volume of USD 2.2 billion litres in 2020, driven by the favourable government initiatives. Aided by the increasing health awareness among consumers and the rising pr...
Oman Dairy Market Size, Share, Growth, Analysis, Research 2021-2026
The Australia and New Zealand cheese market attained a volume of 739 thousand tons in 2020, driven by the growing consumption of cheese in food service industry and growing retail sector. Aided by the...
NEWSLETTER