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Global Skim Milk Powder Market Share, Size, Analysis, Trends, Report, Forecast: By Type: Flavoured and Non-Fat, Whole Milk, Butter Milk; By Application: Bakery and Confectionery, Food and Beverages, Infant Formulas, Others; By Distribution Channel: Retail, Food Service; Regional Analysis; Market Dynamics; Competitive Landscape; 2023-2028
Global Skim Milk Powder Market Outlook
The global skim milk powder market size reached a value of around USD 8.96 billion in 2022. The market is further expected to grow at a CAGR of 5.60% between 2023 and 2028, reaching a value of around USD 12.3 billion by 2028.
Key Trends in the Market
Skim milk powder refers to the powdered version of skim milk, which is created by removing fat from fresh pasteurised milk and then evaporating the liquid to turn it into a dry powder. It has a longer shelf life and may be reconstituted into a liquid skim milk product by adding water. Skim milk is abundant in vitamins, minerals, potassium, phosphorus, magnesium, calcium, protein, and other vital elements, while being low in fat.
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- Skim milk powder is used to make a variety of bakery and confectionary products and food and beverages that are sold in restaurants and other commercial food outlets. The growing use of skim milk powder in the thriving food and beverage industry is assisting the skim milk powder market growth.
- The demand for ready-to-eat (RTE) food products that use skim milk powder is expanding internationally as a result of rapid urbanisation, rising disposable income of consumers, and growing consumer demand for a healthy diet. This is one of the key skim milk powder market trends driving the market growth.
- Skim milk powder is now being used more frequently when making baby food and infant formula to help with digestion. Rising awareness regarding benefits of skim milk powder and growing concerns of parents about infant formulas are further bolstering the skim milk powder market demand.
Global Skim Milk Powder Market Analysis
Based on type, the market is divided into flavoured and non-fat, whole milk, and butter milk. The skim milk powder market segmentation, on the basis of application, is bakery and confectionery, food and beverages, and infant formulas, among others. On the basis of distribution channel, the market is bifurcated into retail and food service. The regional markets for skim milk powder are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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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 global skim milk powder market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Arla Foods amba
- Dairy Farmers of America Inc.
- Danone S.A.
- Fonterra Co-operative Group Limited
- Lactalis Group
- Nestlé S.A.
- Westland Co-operative Dairy Co. Ltd.
- Gujarat Co-operative Milk Marketing Federation Ltd.
- Vreugdenhil Groep BV
- Alpen Food Group B.V.
- Others
Global Skim Milk Powder Market Share by Application
Infant formula applications of skim milk powder account for a sizable share of the market due to the rising awareness of the benefits of skim milk powder for infants and increasing demand for infant formulas. Skim milk powder is commonly used for infant formulas as it provides a significant quantity of vitamins and minerals without being too heavy for digestion. Infant formulas with skim milk powder are often advised for babies who have delicate stomachs and need formulas that are easy to digest and nutritious.
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Global Skim Milk Powder Market Share by Region
North America is expected to witness substantial growth in the skim milk powder global market during the forecast period as a result of the increasing health consciousness of consumers and changes in lifestyle. The widespread knowledge of the advantages of skim milk powders and availability of several flavoured milk powders and a range of packaging options is the primary factor fuelling the growth of the market in the region.
Competitive Landscape
Arla Foods amba, founded in 2000 and headquartered in Viby, Denmark, is a global food company that focuses on dairy products. The company’s products using brand names Arla, Lurpak, and Castello Milk include milk powder, milk-based beverages, speciality cheese mozzarella, yoghurt, cheese spread, butter, and spreads.
Danone S.A., established in 1919 and based in Paris, France, is a significant provider of food and beverages. The core divisions of the company are medical nutrition, vital dairy and plant-based goods, and water, with a focus on fresh dairy products.
Gujarat Co-operative Milk Marketing Federation Ltd., founded in 1973 and headquartered in Gujrat, India is a leading dairy company Their product line includes milk in both UHT and pouch form, milk powders, ghee, infant formula, dairy whitener, buttermilk, and tea and coffee whiteners.
Other market players include Dairy Farmers of America Inc., Fonterra Co-operative Group Limited, Lactalis Group, Nestlé S.A., Westland Co-operative Dairy Co. Ltd., Vreugdenhil Groep BV, and Alpen Food Group B.V., 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:
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| Breakup by Type |
|
| Breakup by Application |
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| Breakup by Distribution Channel |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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 Skim Milk Powder Market Analysis
8.1 Key Industry Highlights
8.2 Global Skim Milk Powder Historical Market (2018-2022)
8.3 Global Skim Milk Powder Market Forecast (2023-2028)
8.4 Global Skim Milk Powder Market by Type
8.4.1 Flavoured and Non-Fat
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Whole Milk
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Butter Milk
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Skim Milk Powder Market by Application
8.5.1 Bakery and Confectionery
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Food and Beverages
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Infant Formulas
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Skim Milk Powder Market by Distribution Channel
8.6.1 Retail
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Food Service
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Skim Milk Powder 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 Skim Milk Powder 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 Skim Milk Powder 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 Skim Milk Powder 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 Skim Milk Powder 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 Skim Milk Powder 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 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Arla Foods amba
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Dairy Farmers of America Inc.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Danone S.A.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Fonterra Co-operative Group Limited
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Lactalis Group
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Nestlé S.A.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Westland Co-operative Dairy Co. Ltd.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Gujarat Co-operative Milk Marketing Federation Ltd.
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Vreugdenhil Groep BV
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Alpen Food Group B.V.
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Other
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Skim Milk Powder Market: Key Industry Highlights, 2018 and 2028
2. Global Skim Milk Powder Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Skim Milk Powder Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Skim Milk Powder Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Skim Milk Powder Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Skim Milk Powder Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
7. Global Skim Milk Powder Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
8. Global Skim Milk Powder Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Skim Milk Powder Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Skim Milk Powder Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Skim Milk Powder Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Skim Milk Powder Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Skim Milk Powder Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Skim Milk Powder Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Skim Milk Powder Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Skim Milk Powder Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Skim Milk Powder Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Skim Milk Powder Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Skim Milk Powder Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Skim Milk Powder Market Structure
Key Questions Answered in the Report
In 2022, the global market for skim milk powder attained a value of USD 8.96 billion.
The market is projected to grow at a CAGR of 5.60% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 12.3 billion by 2028.
The major drivers of the market include the rising production of skim milk powder to meet demands, increasing use of skim milk powder in the preparation of numerous bakery products and foods and beverages, and growing use of skim milk powder in infant formula.
Growing inclination of individuals towards a healthy and nutritious diet, increasing availability of various types of skim milk powder, rising popularity of various recipes with skim milk powder, and increasing awareness about its health benefits are the key trends propelling the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various types of skim milk powder in the market are flavoured and non-fat, whole milk, and butter milk.
The major players in the skim milk powder market, according to the report, are Arla Foods amba, Dairy Farmers of America Inc., Danone S.A., Fonterra Co-operative Group Limited, Lactalis Group, Nestlé S.A., Westland Co-operative Dairy Co. Ltd., Gujarat Co-operative Milk Marketing Federation Ltd., Vreugdenhil Groep BV, and Alpen Food Group B.V., among others.
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