Posted on 17 Dec 2018
Global Milk Powder Market to Reach 12.5 Million Tons by 2024
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 Million Tons in 2018 and is expected to reach 12.5 Million Tons by 2024. 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 market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.
With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.
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
Related Report
The Asia Pacific tropical fruit puree market reached a production volume of 3.03 million tons in 2018. The market in the Asia Pacific is expected to grow further in the coming years, growing at a CAGR...
The EMEA saccharin market is being driven by the growing global consumption of saccharin with about USD 252 million worth of the low-calorie sweetener being consumed in 2018.
The LATAM saccharin market is being driven by the growing artificial high-intensity sweetener (HIS) industry. Globally, the artificial HIS market stood at nearly USD 1.8 billion in 2018. It is expecte...
The Asia Pacific saccharin market is being aided by the healthy growth in the production of saccharin in China. In 2018, China produced 16,219.68 tonnes of the low-calorie sweetener. The global growth...
The North America saccharin market was aided by the growing market for artificial high-intensity sweetener (HIS) which attained nearly USD 1.8 billion in 2018. Between 2019 to 2024, the artificial HIS...
Have any queries or concern?
