The milk powder market size was valued at $29.53 Billion in 2021 and is projected to reach $50.69 Billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031.
Milk powder is a dairy product that is produced by removing water from milk. The procedure extends the shelf life of the product and makes it convenient for transportation and storage. Whole milk and skim milk are used to make milk powder. To increase its nutritional worth, the milk powder is fortified with extra vitamins and minerals.
The International Organization for Standardization (ISO), Canadian Food Inspection Agency (CFIA), Food and Drug Administration (FDA), International Dairy Foods Association, World Health Organization (WHO), and European Union (EU) are some of the regulatory authorities present in the dairy market. The surge in concern among people regarding their health due to dairy consumption, the perishability nature of dairy products, and the lack of proper storage facilities are some factors that hamper the growth of the milk powder market. Low-fat and skim milk powder products are manufactured to meet the requirement of health-conscious people, with innovation in manufacturing techniques, which in turn boosts the growth of the milk powder market. Gluten-free meals have gained popularity around the world, owing to an increase in gluten allergies and celiac disease, a sickness that causes inflammation in the small intestines and high gluten sensitivity. According to the clinical practice journal of the American Gastroenterological Association, the global prevalence of the celiac disease is 1.4%, with celiac prevalence values of 0.4% in South America, 0.5% in Africa & North America, 0.6% in Asia, and 0.8% in Europe & Oceania. Moreover, other health claims associated with gluten-free products, such as cholesterol management and digestion control, have fueled the curiosity of consumers, resulting in increased sales. Lactose-free skimmed milk powder is an effective food solution that is gluten-free and helps to avoid damage to the gut lining, which leads to celiac disease.
The milk powder market is segmented into type, application, and region. By type, the market is classified into whole milk powder, skimmed milk powder, dairy whitener, buttermilk powder, fat filled milk powder, and others. By application, the market is divided into nutritional food, infant formula, confectionery, baked sweets, savories, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
Players operating in the global milk powder market have adopted various developmental strategies to expand their milk powder market share, increase profitability, and remain competitive in the market. Key players profiled in this report include Arla Foods amba, Fonterra Co-operative Group Limited, Nestle S.A., Saputo Inc., Schreiber Foods Inc., The Kraft Heinz Company, Groupe Lactalis, Dairy Farmers of America, Inc., Danone S.A, and Royal FrieslandCampina N.V.
Milk powder is a dairy product that is produced by removing water from milk. The procedure extends the shelf life of the product and makes it convenient for transportation and storage. Whole milk and skim milk are used to make milk powder. To increase its nutritional worth, the milk powder is fortified with extra vitamins and minerals.
The International Organization for Standardization (ISO), Canadian Food Inspection Agency (CFIA), Food and Drug Administration (FDA), International Dairy Foods Association, World Health Organization (WHO), and European Union (EU) are some of the regulatory authorities present in the dairy market. The surge in concern among people regarding their health due to dairy consumption, the perishability nature of dairy products, and the lack of proper storage facilities are some factors that hamper the growth of the milk powder market. Low-fat and skim milk powder products are manufactured to meet the requirement of health-conscious people, with innovation in manufacturing techniques, which in turn boosts the growth of the milk powder market. Gluten-free meals have gained popularity around the world, owing to an increase in gluten allergies and celiac disease, a sickness that causes inflammation in the small intestines and high gluten sensitivity. According to the clinical practice journal of the American Gastroenterological Association, the global prevalence of the celiac disease is 1.4%, with celiac prevalence values of 0.4% in South America, 0.5% in Africa & North America, 0.6% in Asia, and 0.8% in Europe & Oceania. Moreover, other health claims associated with gluten-free products, such as cholesterol management and digestion control, have fueled the curiosity of consumers, resulting in increased sales. Lactose-free skimmed milk powder is an effective food solution that is gluten-free and helps to avoid damage to the gut lining, which leads to celiac disease.
The milk powder market is segmented into type, application, and region. By type, the market is classified into whole milk powder, skimmed milk powder, dairy whitener, buttermilk powder, fat filled milk powder, and others. By application, the market is divided into nutritional food, infant formula, confectionery, baked sweets, savories, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
Players operating in the global milk powder market have adopted various developmental strategies to expand their milk powder market share, increase profitability, and remain competitive in the market. Key players profiled in this report include Arla Foods amba, Fonterra Co-operative Group Limited, Nestle S.A., Saputo Inc., Schreiber Foods Inc., The Kraft Heinz Company, Groupe Lactalis, Dairy Farmers of America, Inc., Danone S.A, and Royal FrieslandCampina N.V.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the milk powder market analysis from 2021 to 2031 to identify the prevailing milk powder market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the milk powder market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global milk powder market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Whole Milk Powder
- Skimmed Milk Powder
- Dairy Whitener
- Buttermilk Powder
- Fat Filled Milk Powder
- Others
By Application
- Nutritional Food
- Infant Formula
- Confectionery
- Baked Sweets
- Savories
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- The Kraft Heinz Company
- Royal FrieslandCampina N.V.
- Fonterra Co-operative Group Limited
- Schreiber Foods Inc.
- Groupe Lactalis
- Arla Foods amba
- Nestle S.A.
- Danone S.A
- Saputo Inc.
- Dairy Farmers of America, Inc.
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: MILK POWDER MARKET, BY TYPE
CHAPTER 5: MILK POWDER MARKET, BY APPLICATION
CHAPTER 6: MILK POWDER MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to this report titled,'Milk Powder Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,' the global milk powder market size was valued at $27,783.2 million in 2017, and is projected to reach $38,086.1 million by 2025, growing at a CAGR of 4.4% from 2018 to 2025. In 2017, the China milk powder market accounted for nearly 26% of the global milk powder industry.Milk powder is obtained by dehydrating milk. The milk powder can be stored without substantial loss of quality due to a low water activity that hampers microbial metabolism, preferably for a significant amount of time. Milk powder is used as an ingredient for different applications in confectionaries, bakeries, infant formulas, and nutritional foods. It is obtained mainly by roller drying and spray drying methods.
People have become busier with the advent of globalization. Their lifestyles have changed, and the time allocated for household work, such as cooking, has reduced drastically. This lack of time has encouraged consumers to find alternatives to speed up household chores. Packaged and processed food as well as convenient meals has been adopted by the consumers to reduce time required for preparing food. This factor of seeking out convenient alternatives has paved the way for milk powder worldwide. Moreover, the shelf life of milk powder is higher than regular milk, which further increases the demand for milk powder over regular milk. Furthermore, the number of working women has increased and thus, fuels the adoption of infant formula, which boosts the growth of milk powder globally.
Furthermore, the introduction or development of new products such as flavored milk powder or lactose-free milk powder is expected to boost the milk powder market growth in the coming years.
However, milk powder often has emulsifiers in them. Emulsifiers are additives made from plant, animal, and synthetic sources, which help milk powder and similar processed products to attain a smooth texture, prevent separation, and extend shelf life. Safety of emulsifiers is carefully regulated and tested by the U.S. Food and Drug Administration. The emulsifiers come under the Generally Recognized as Safe (GRAS) category and are allowed in specific types of food & beverage at precise levels. The FDA frequently reviews the safety of permitted additives, based on the best scientific knowledge, to determine if approvals should be modified or withdrawn. Various studies and a recent 2015 mice study published on Nature stated that emulsifiers may increase bacterial translocation across epithelia and cause problems such as inflammatory bowel disease. This might affect the popularity of milk powder as a healthy alternative and restrict the growth of the milk powder market.
In 2017, the whole milk powder segment dominated the milk powder market due to it being perceived to be the most natural form of processed milk by a large number of consumers. The whole milk powder is also used as an ingredient in food items that need thicker consistency which further drives its growth in the global market. However, skimmed milk powder segment is expected to witness the highest CAGR over the forecast period due to it being popular for having less fat content and less overall calories. However, the skimmed milk powder market is anticipated to witness the highest growth over the forecast period as skimmed milk has very low concentrations of fat and is often considered as a healthier option than whole milk. It also has a better protein profile and is low in calories. It is often considered by people, who have a healthy lifestyle and are conscious about their weight. The powdered form is made by dehydrating skimmed milk. It has very low amounts of fat and is high in protein. It also has the same micro-nutritional profile as the whole milk powder. This makes it an ideal option for the weight watchers.
In 2017, the confectionery segment had the highest share in the powdered milk market. Rise in the consumption of confectionery has positively impacted the demand and growth of milk powder as confectionery require milk products as ingredients to be prepared. However, increase in participation of women in labor force has led to rise in number of women working outside their houses, which drives the growth of the infant formulas market. Infant formulas present an appealing alternative to working mothers for their babies as per the need and convenience.
Asia-Pacific milk powder market share is expected to account for the highest market share, in 2017 and is expected to maintain its dominant position throughout the forecast period. This is attributed to changing lifestyle in the region, led by globalization and increase in working population. Moreover, rise in the affluent population and increase in penetration of internet and social media drive the consumption of processed and packaged food, which makes way for packaged goods in the region.
Key Findings of the Milk Powder Market:
In terms of value, the skimmed milk powder segment is expected to grow at a CAGR of 5.3% during the forecast period.
Asia-Pacific region is expected to dominate the market, registering a significant CAGR of 4.2% in terms of value.
LAMEA region is projected to show exponential growth throughout the forecast years, growing at a CAGR of 5.5%, in terms of value.
The confectioneries segment by application is anticipated to dominate global milk powder market, registering a CAGR of 3.5%.
Whole milk powder segment by type accounted for more than half of the global milk powder market in 2017.
The key players profiled in this report include Arla Foods amba, Dairy Farmers of America Inc., Danone, Dean Foods Company, Fonterra Co-operative Group, Kraft Foods Inc., Lactalis Group, Nestle S.A, Saputo Inc., and Schreiber Foods Inc.
Companies Mentioned
- The Kraft Heinz Company
- Royal FrieslandCampina N.V.
- Fonterra Co-operative Group Limited
- Schreiber Foods Inc.
- Groupe Lactalis
- Arla Foods amba
- Nestle S.A.
- Danone S.A
- Saputo Inc.
- Dairy Farmers of America, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
