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:
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
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"Global Milk Powder Market: By Milk Powder Type: Skimmed Milk Powder, Whole Milk Powder, Dairy Whitener; By Region: Asia Pacific, North America, Europe, Others; By End Use: Infant Food, Confectionery, Sports and Nutrition Foods, Bakery Products, Dry Mixes, Fermented Milk Products, Meat Products, Others; Historical Production and Consumption (2014-2018); Production and Consumption Forecast (2019-2024); SWOT Analysis; Porters Five Forces Analysis; Competitive Landscape; Setting Up a Milk Powder Manufacturing Plant; Capital Investment; Operating Expenditures; Project Economics"
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