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Milk Powder Market Overview:
The global milk powder market was valued at $27,783.3 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.
Milk powder is a dry dairy product, manufactured by dehydrating milk using evaporation. The purpose of making milk powder from milk is to increase the shelf life of milk without using the refrigerator. Various types of milk powder include whole milk powder, skimmed milk powder, dairy whitener, and other. It is widely consumed globally due to its nutritional benefits, which has found its application in infant formulas, confectionaries, baked desserts, and savory items.
Milk powder is a convenient option when compared to the conventional milk due to longer shelf life, better taste, and ease of use. Milk powder unlike the regular milk can be used without boiling. It comes in a packed bottle or plastic caches, and thus need to be stored in a different container. Increase in the use of milk powder in infant foods and the presence of several nutrients such as vitamin C, vitamin B12, thiamin, and high amounts of protein drive the growth of the milk powder market. Furthermore, reduced storage and transportation costs fuel the growth of the milk powder market. However, addition of preservatives, adulteration, and strict regulations related to infant food hinder the growth of the milk powder market. Development of flavored milk powder has led to new opportunities in the market.
The milk powder market is segmented into type, application, and region. Based on type, the market is divided into whole milk powder, skimmed milk powder, dairy whitener, buttermilk powder, fat-filled milk powder, and other milk powder. Based on application, the market is classified into nutritional food, infant formulas, confectionaries, baked sweets, savories, and others. Based on region, it is studied across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
The major players analyzed in this report are 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.
Key Benefits for Milk Powder Market:
The report provides an extensive analysis of the current and emerging market trends and opportunities in the global milk powder market.
The report provides detailed qualitative and quantitative analysis of current trends and future estimations that help evaluate the prevailing market opportunities.
A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
Milk Powder Key Market Segments:
By Type
Whole Milk Powder
Skimmed Milk Powder
Dairy Whitener
Buttermilk Powder
Fat Filled Milk Powder
Other Milk Powder
By Application
Nutritional Food
Infant Formulas
Confectionaries
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
The global milk powder market was valued at $27,783.3 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.
Milk powder is a dry dairy product, manufactured by dehydrating milk using evaporation. The purpose of making milk powder from milk is to increase the shelf life of milk without using the refrigerator. Various types of milk powder include whole milk powder, skimmed milk powder, dairy whitener, and other. It is widely consumed globally due to its nutritional benefits, which has found its application in infant formulas, confectionaries, baked desserts, and savory items.
Milk powder is a convenient option when compared to the conventional milk due to longer shelf life, better taste, and ease of use. Milk powder unlike the regular milk can be used without boiling. It comes in a packed bottle or plastic caches, and thus need to be stored in a different container. Increase in the use of milk powder in infant foods and the presence of several nutrients such as vitamin C, vitamin B12, thiamin, and high amounts of protein drive the growth of the milk powder market. Furthermore, reduced storage and transportation costs fuel the growth of the milk powder market. However, addition of preservatives, adulteration, and strict regulations related to infant food hinder the growth of the milk powder market. Development of flavored milk powder has led to new opportunities in the market.
The milk powder market is segmented into type, application, and region. Based on type, the market is divided into whole milk powder, skimmed milk powder, dairy whitener, buttermilk powder, fat-filled milk powder, and other milk powder. Based on application, the market is classified into nutritional food, infant formulas, confectionaries, baked sweets, savories, and others. Based on region, it is studied across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
The major players analyzed in this report are 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.
Key Benefits for Milk Powder Market:
The report provides an extensive analysis of the current and emerging market trends and opportunities in the global milk powder market.
The report provides detailed qualitative and quantitative analysis of current trends and future estimations that help evaluate the prevailing market opportunities.
A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
Milk Powder Key Market Segments:
By Type
Whole Milk Powder
Skimmed Milk Powder
Dairy Whitener
Buttermilk Powder
Fat Filled Milk Powder
Other Milk Powder
By Application
Nutritional Food
Infant Formulas
Confectionaries
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
Note: Product cover images may vary from those shown
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CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for the stakeholder
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary Research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Snapshot
2.2. Key finding of the study
2.3. CXO perspective
CHAPTER 3: MARKET LANDSCAPE
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porters five force analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Intensity of competitive rivalry
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Changes in eating habits and busy lifestyle
3.5.1.2. High nutritional value
3.5.1.3. Growth of retail network in emerging economies
3.5.2. Restraints
3.5.2.1. Presence of additives
3.5.2.2. Special diet trend
3.5.3. Opportunity
3.5.3.1. Introduction of augmented products and use of organic ingredients
CHAPTER 4: MILK POWDER MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Whole milk powder
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Skimmed milk powder
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
4.4. Dairy Whitener
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country
4.5. Buttermilk powder
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis, by country
4.6. Fat-filled milk powder
4.6.1. Key market trends, growth factors and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market analysis, by country
4.7. Other
4.7.1. Key market trends, growth factors and opportunities
4.7.2. Market size and forecast, by region
4.7.3. Market analysis, by country
CHAPTER 5: MILK POWDER MARKET BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Nutritional Foods
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country
5.3. Infant Formulas
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country
5.4. Confectionaries
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market and forecast, by region
5.4.3. Market analysis, by country
5.5. Baked Sweets
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis, by country
5.6. Savories
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis, by country
5.7. Others
5.7.1. Key market trends, growth factors and opportunities
5.7.2. Market size and forecast, by region
5.7.3. Market analysis, by country
CHAPTER 6: MILK POWDER MARKET BY REGION
6.1. Overview
6.1.1. Market size and forecast, by type
6.1.2. Market size and forecast, by application
6.1.3. Market size and forecast, by region
6.2. North America
6.2.1. Key market trends and opportunities
6.2.2. Market size and forecast by type
6.2.3. Market size and forecast by application
6.2.4. Market size and forecast by country
6.2.5. U.S.
6.2.5.1. Market size and forecast by type
6.2.5.2. Market size and forecast by application
6.2.6. Canada
6.2.6.1. Market size and forecast by type
6.2.6.2. Market size and forecast by application
6.2.7. Mexico
6.2.7.1. Market size and forecast, by type
6.2.7.2. Market size and forecast by application
6.3. Europe
6.3.1. Key market trends and opportunities
6.3.2. Market size and forecast by type
6.3.3. Market size and forecast by application
6.3.4. Market size and forecast by country
6.3.5. UK
6.3.5.1. Market size and forecast, by type
6.3.5.2. Market size and forecast by application
6.3.6. Germany
6.3.6.1. Market size and forecast, by type
6.3.6.2. Market size and forecast by application
6.3.7. France
6.3.7.1. Market size and forecast, by type
6.3.7.2. Market size and forecast by application
6.3.8. Spain
6.3.8.1. Market size and forecast, by type
6.3.8.2. Market size and forecast by application
6.3.9. Italy
6.3.9.1. Market size and forecast, by type
6.3.9.2. Market size and forecast by application
6.3.10. Rest of Europe
6.3.10.1. Market size and forecast, by type
6.3.10.2. Market size and forecast by application
6.4. Asia-Pacific
6.4.1. Key market trends and opportunities
6.4.2. Market size and forecast by type
6.4.3. Market size and forecast by application
6.4.4. Market size and forecast by country
6.4.5. China
6.4.5.1. Market size and forecast by type
6.4.5.2. Market size and forecast by application
6.4.6. Japan
6.4.6.1. Market size and forecast by type
6.4.6.2. Market size and forecast by application
6.4.7. India
6.4.7.1. Market size and forecast by type
6.4.7.2. Market size and forecast by application
6.4.8. Australia
6.4.8.1. Market size and forecast by type
6.4.8.2. Market size and forecast by application
6.4.9. South Korea
6.4.9.1. Market size and forecast by type
6.4.9.2. Market size and forecast by application
6.4.10. Rest of Asia-Pacific
6.4.10.1. Market size and forecast by type
6.4.10.2. Market size and forecast by application
6.5. LAMEA
6.5.1. Key market trends and opportunities
6.5.2. Market size and forecast by type
6.5.3. Market size and forecast by application
6.5.4. Market size and forecast by country
6.5.5. Brazil
6.5.5.1. Market size and forecast by type
6.5.5.2. Market size and forecast by application
6.5.6. Saudi Arabia
6.5.6.1. Market size and forecast by type
6.5.6.2. Market size and forecast by application
6.5.7. South Africa
6.5.7.1. Market size and forecast by type
6.5.7.2. Market size and forecast by application
6.5.8. Rest of LAMEA
6.5.8.1. Market size and forecast by type
6.5.8.2. Market size and forecast by application
CHAPTER 7: COMPANY PROFILES
7.1. ARLA FOODS AMBA (ARLA)
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments
7.2. DAIRY FARMERS OF AMERICA, INC. (DFA)
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Product portfolio
7.2.4. Key strategic moves and developments
7.3. DANONE
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.4. Fonterra Co-operative Group
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Business performance
7.4.6. Key strategic moves and developments
7.5. Groupe Lactalis
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Key strategic moves and developments
7.6. Nestle
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves and developments
7.7. Royal FrieslandCampina N.V.
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Product portfolio
7.7.4. Business performance
7.7.5. Key strategic moves and developments
7.8. Saputo Inc.
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.8.6. Key strategic moves and developments
7.9. Schreiber Foods
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Product portfolio
7.10. The Kraft Heinz Company
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Business performance
1.1. Report description
1.2. Key benefits for the stakeholder
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary Research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Snapshot
2.2. Key finding of the study
2.3. CXO perspective
CHAPTER 3: MARKET LANDSCAPE
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porters five force analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Intensity of competitive rivalry
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Changes in eating habits and busy lifestyle
3.5.1.2. High nutritional value
3.5.1.3. Growth of retail network in emerging economies
3.5.2. Restraints
3.5.2.1. Presence of additives
3.5.2.2. Special diet trend
3.5.3. Opportunity
3.5.3.1. Introduction of augmented products and use of organic ingredients
CHAPTER 4: MILK POWDER MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Whole milk powder
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Skimmed milk powder
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
4.4. Dairy Whitener
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country
4.5. Buttermilk powder
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis, by country
4.6. Fat-filled milk powder
4.6.1. Key market trends, growth factors and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market analysis, by country
4.7. Other
4.7.1. Key market trends, growth factors and opportunities
4.7.2. Market size and forecast, by region
4.7.3. Market analysis, by country
CHAPTER 5: MILK POWDER MARKET BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Nutritional Foods
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country
5.3. Infant Formulas
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country
5.4. Confectionaries
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market and forecast, by region
5.4.3. Market analysis, by country
5.5. Baked Sweets
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis, by country
5.6. Savories
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis, by country
5.7. Others
5.7.1. Key market trends, growth factors and opportunities
5.7.2. Market size and forecast, by region
5.7.3. Market analysis, by country
CHAPTER 6: MILK POWDER MARKET BY REGION
6.1. Overview
6.1.1. Market size and forecast, by type
6.1.2. Market size and forecast, by application
6.1.3. Market size and forecast, by region
6.2. North America
6.2.1. Key market trends and opportunities
6.2.2. Market size and forecast by type
6.2.3. Market size and forecast by application
6.2.4. Market size and forecast by country
6.2.5. U.S.
6.2.5.1. Market size and forecast by type
6.2.5.2. Market size and forecast by application
6.2.6. Canada
6.2.6.1. Market size and forecast by type
6.2.6.2. Market size and forecast by application
6.2.7. Mexico
6.2.7.1. Market size and forecast, by type
6.2.7.2. Market size and forecast by application
6.3. Europe
6.3.1. Key market trends and opportunities
6.3.2. Market size and forecast by type
6.3.3. Market size and forecast by application
6.3.4. Market size and forecast by country
6.3.5. UK
6.3.5.1. Market size and forecast, by type
6.3.5.2. Market size and forecast by application
6.3.6. Germany
6.3.6.1. Market size and forecast, by type
6.3.6.2. Market size and forecast by application
6.3.7. France
6.3.7.1. Market size and forecast, by type
6.3.7.2. Market size and forecast by application
6.3.8. Spain
6.3.8.1. Market size and forecast, by type
6.3.8.2. Market size and forecast by application
6.3.9. Italy
6.3.9.1. Market size and forecast, by type
6.3.9.2. Market size and forecast by application
6.3.10. Rest of Europe
6.3.10.1. Market size and forecast, by type
6.3.10.2. Market size and forecast by application
6.4. Asia-Pacific
6.4.1. Key market trends and opportunities
6.4.2. Market size and forecast by type
6.4.3. Market size and forecast by application
6.4.4. Market size and forecast by country
6.4.5. China
6.4.5.1. Market size and forecast by type
6.4.5.2. Market size and forecast by application
6.4.6. Japan
6.4.6.1. Market size and forecast by type
6.4.6.2. Market size and forecast by application
6.4.7. India
6.4.7.1. Market size and forecast by type
6.4.7.2. Market size and forecast by application
6.4.8. Australia
6.4.8.1. Market size and forecast by type
6.4.8.2. Market size and forecast by application
6.4.9. South Korea
6.4.9.1. Market size and forecast by type
6.4.9.2. Market size and forecast by application
6.4.10. Rest of Asia-Pacific
6.4.10.1. Market size and forecast by type
6.4.10.2. Market size and forecast by application
6.5. LAMEA
6.5.1. Key market trends and opportunities
6.5.2. Market size and forecast by type
6.5.3. Market size and forecast by application
6.5.4. Market size and forecast by country
6.5.5. Brazil
6.5.5.1. Market size and forecast by type
6.5.5.2. Market size and forecast by application
6.5.6. Saudi Arabia
6.5.6.1. Market size and forecast by type
6.5.6.2. Market size and forecast by application
6.5.7. South Africa
6.5.7.1. Market size and forecast by type
6.5.7.2. Market size and forecast by application
6.5.8. Rest of LAMEA
6.5.8.1. Market size and forecast by type
6.5.8.2. Market size and forecast by application
CHAPTER 7: COMPANY PROFILES
7.1. ARLA FOODS AMBA (ARLA)
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments
7.2. DAIRY FARMERS OF AMERICA, INC. (DFA)
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Product portfolio
7.2.4. Key strategic moves and developments
7.3. DANONE
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.4. Fonterra Co-operative Group
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Business performance
7.4.6. Key strategic moves and developments
7.5. Groupe Lactalis
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Key strategic moves and developments
7.6. Nestle
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves and developments
7.7. Royal FrieslandCampina N.V.
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Product portfolio
7.7.4. Business performance
7.7.5. Key strategic moves and developments
7.8. Saputo Inc.
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.8.6. Key strategic moves and developments
7.9. Schreiber Foods
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Product portfolio
7.10. The Kraft Heinz Company
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Business performance
*Full List of Tables and Figures Available on Enquiry.
Note: Product cover images may vary from those shown
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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.
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.
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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.
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