Reports
Sale
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; 2024-2032
Global Non-Fat Dry Milk Market Outlook
The global non-fat dry milk market size reached approximately USD 9.21 billion in 2023. The market is further projected to grow at a CAGR of 3.3% between 2024 and 2032, reaching a value of USD 12.34 billion by 2032.
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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by End-Use |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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 (2018-2023)
8.3 Global Non-fat Dry Milk Market Forecast (2024-2032)
8.4 Global Non-fat Dry Milk Market by Type
8.4.1 High Heat
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Medium Heat
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Low Heat
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Non-fat Dry Milk Market by End-Use
8.5.1 Residential
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Commercial
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Non-fat Dry Milk Market by Distribution Channel
8.6.1 Offline
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Online
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Non-fat Dry Milk Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Non-fat Dry Milk Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Non-fat Dry Milk Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Non-fat Dry Milk Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Non-fat Dry Milk Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Non-fat Dry Milk Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 2032
2. Global Non-fat Dry Milk Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Non-fat Dry Milk Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Non-fat Dry Milk Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Non-fat Dry Milk Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Non-fat Dry Milk Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7. Global Non-fat Dry Milk Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8. Global Non-fat Dry Milk Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Non-fat Dry Milk Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Non-fat Dry Milk Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Non-fat Dry Milk Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Non-fat Dry Milk Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Non-fat Dry Milk Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Non-fat Dry Milk Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Non-fat Dry Milk Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Non-fat Dry Milk Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Non-fat Dry Milk Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Non-fat Dry Milk Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Non-fat Dry Milk Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Non-fat Dry Milk Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 9.21 billion in 2023.
The market is projected to grow at a CAGR of 3.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 12.34 billion by 2032.
The major market drivers include increasing awareness about the nutritional value of the product and increased adoption by food and beverage sector.
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.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant milk types include high heat, medium heat, and low heat.
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.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
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.
NEWSLETTER