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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.
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:
Expert Market Research has analysed the global milk powder market according to type, end-use, major regions and top players:
Market breakup by Type
Market breakup by End-use
Market breakup by Region
Top players
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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.
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