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Non-Fat Dry Milk Market

Global Non-Fat Dry Milk Market Size, Forecast: By Type: High Heat, Medium Heat, Low Heat; By End-Use: Residential, Commercial; By Distribution Channel: Offline, Online; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2023-2028

Global Non-Fat Dry Milk Market Outlook

The global non-fat dry milk market size reached approximately USD 8.92 billion in 2022. The market is further projected to grow at a CAGR of 3.3% between 2023 and 2028, reaching a value of USD 10.84 billion by 2028.

 

Key Trends in the Market

Non-fat dry milk is a dairy product manufactured by drying the milk into powder form and eliminating its fat content. It offers various health advantages to the consumer and has low moisture content. It increases the protein content of various dishes while enhancing their flavour and texture.

 

  • Increased utilisation of non-fat dry milk in the baked goods including breads, cakes, cookies, muffins, and pancakes, among others is aiding the non-fat dry milk market growth. The dry milk offers various health advantages due to its non-fat nature of while enhancing the flavour and texture of the baked goods.
  • The utilisation of non-fat dry milk across various food establishments is rising due to increased consumer demand owing to the growing awareness about their high nutrition content. The dry milk has a high potassium, protein, and riboflavin content, enhancing the taste and nutritional value of various dishes.
  • Flavour innovations by the major market players are anticipated to offer lucrative growth opportunities to the market. Other advantages offered by non-fat dry milk include easy handling, storage, and transportation.

 

Global Non-Fat Dry Milk Market Analysis

On the basis of type, the market is divided into high heat, medium heat, and low heat. Based on end-use, the market is bifurcated into residential and commercial. On the basis of distribution channel, the market is classified into offline and online. Based on region, the non-fat dry milk market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • Nestlé S.A. 
  • NOW Health Group, Inc. 
  • All American Foods Inc. 
  • Augason Farms
  • Bluegrass Ingredients, Inc. 
  • California Dairies, Inc. 
  • Bob's Red Mill Natural Foods, Inc. 
  • HOCHDORF Holding Ltd
  • Target Corporation (Good & Gather) 
  • Other

 

Market Share by Distribution Channel

Online distribution channels are expected to account for a significant non-fat dry milk market share owing to the availability of home delivery, large discounts, and presence of different brands. Moreover, shopping across online distribution channels eliminates the hassle of waiting in long queues for checking out. The longer opening hours provides convenience to the working professionals who might be too occupied during the day by allowing them to shop for non-fat dry milk at any time of the day.

 

Market Share by Region

North America is anticipated to account for a significant share of the market owing to the strong presence of various major market players in the region. The non-fat dry milk market demand is also increasing due to its versatile nature and several applications of the product in food and beverages sector. Increased incorporation of non-fat and low-fat products in diets due to rising health consciousness is further supporting the market expansion in North America.

 

Competitive Landscape

Nestlé S.A. was founded in 1866 and is headquartered in Vaud, Switzerland. The food and beverage manufacturing company specialises in production of non-fat dry milk, soft drinks, infant nutrition, and frozen food, among others.

 

NOW Health Group, Inc. is involved in the distribution and manufacture of natural foods, dietary supplements, non-fat dry milk, personal care products, and sports nutrition. The company was founded in 1968 and is headquartered in Illinois, United States.

 

All American Foods Inc. is one of the leading manufacturers of non-dairy and dairy food ingredients, including non-fat dry milk for human consumption. The company was founded in 1987 and is headquartered in Minnesota, United States.

 

Other non-fat dry milk market key players include Augason Farms, Bluegrass Ingredients, Inc., California Dairies, Inc., Bob's Red Mill Natural Foods, Inc., HOCHDORF Holding Ltd, and Target Corporation (Good & Gather), among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • End-Use
  • Distribution Channel
  • Region
Breakup by Type
  • High Heat
  • Medium Heat
  • Low Heat
Breakup by End-Use
  • Residential
  • Commercial
Breakup by Distribution Channel
  • Offline
  • Online
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Nestlé S.A. 
  • NOW Health Group, Inc. 
  • All American Foods Inc. 
  • Augason Farms
  • Bluegrass Ingredients, Inc. 
  • California Dairies, Inc. 
  • Bob's Red Mill Natural Foods, Inc. 
  • HOCHDORF Holding Ltd
  • Target Corporation (Good & Gather) 
  • Other

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description   
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Non-fat Dry Milk Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Non-fat Dry Milk Historical Market (2018-2022) 
    8.3    Global Non-fat Dry Milk Market Forecast (2023-2028)
    8.4    Global Non-fat Dry Milk Market by Type
        8.4.1    High Heat 
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Medium Heat 
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Low Heat 
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
    8.5    Global Non-fat Dry Milk Market by End-Use
        8.5.1    Residential
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Commercial
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
    8.6    Global Non-fat Dry Milk Market by Distribution Channel
        8.6.1    Offline 
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Online 
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
    8.7    Global Non-fat Dry Milk Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022)
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022)
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022)
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022)
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022)
            8.7.5.2    Forecast Trend (2023-2028)
9    North America Non-fat Dry Milk Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
10    Europe Non-fat Dry Milk Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022)
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022)
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022)
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022)
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Non-fat Dry Milk Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022)
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022)
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022)
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022)
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022)
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Non-fat Dry Milk Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022)
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022)
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022)
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Non-fat Dry Milk Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022)
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022)
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022)
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022)
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Nestlé S.A. 
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    NOW Health Group, Inc. 
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    All American Foods Inc.. 
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Augason Farms
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Bluegrass Ingredients, Inc. 
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    California Dairies, Inc. 
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Bob's Red Mill Natural Foods, Inc. 
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    HOCHDORF Holding Ltd
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Target Corporation (Good & Gather) 
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Other
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Non-fat Dry Milk Market: Key Industry Highlights, 2018 and 2028
2.    Global Non-fat Dry Milk Historical Market: Breakup by Type (USD Billion), 2018-2022
3.    Global Non-fat Dry Milk Market Forecast: Breakup by Type (USD Billion), 2023-2028
4.    Global Non-fat Dry Milk Historical Market: Breakup by End Use (USD Billion), 2018-2022
5.    Global Non-fat Dry Milk Market Forecast: Breakup by End Use (USD Billion), 2023-2028
6.    Global Non-fat Dry Milk Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
7.    Global Non-fat Dry Milk Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
8.    Global Non-fat Dry Milk Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Non-fat Dry Milk Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Non-fat Dry Milk Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Non-fat Dry Milk Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Non-fat Dry Milk Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Non-fat Dry Milk Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Non-fat Dry Milk Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Non-fat Dry Milk Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Non-fat Dry Milk Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Non-fat Dry Milk Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Non-fat Dry Milk Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Non-fat Dry Milk Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global Non-fat Dry Milk Market Structure

Key Questions Answered in the Report

What was the non-fat dry milk market value in 2022?

The market reached a value of approximately USD 8.92 billion in 2022.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 3.3% between 2023 and 2028.

What is the non-fat dry milk market forecast for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 10.84 billion by 2028.

What are the major market drivers?

The major market drivers include increasing awareness about the nutritional value of the product and increased adoption by food and beverage sector.

What are the key non-fat dry milk market trends?

The key trends fuelling the growth of the market include rising utilisation in the production of baked goods and increasing availability across different distribution channels.

What are the major regions in the market for non-fat dry milk, according to the EMR report?

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the significant types of non-fat dry milk available in the market?

The significant milk types include high heat, medium heat, and low heat.

Who are the key market players, according to the non-fat dry milk market report?

The key players in the market are Nestlé S.A., NOW Health Group, Inc., All American Foods Inc., Augason Farms, Bluegrass Ingredients, Inc., California Dairies, Inc., Bob's Red Mill Natural Foods, Inc., HOCHDORF Holding Ltd, and Target Corporation (Good & Gather), among others.

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