The milk powder is made for increasing the shelf life of milk and is prepared by dehydrating the raw milk into a roller and spray drying and has multiple uses in manufacturing dairy products. Milk powder is used as a ready-to-drink beverage. Moreover, it is used for the thickening purpose of dairy products. Milk powder provides different benefits regarding health due to its high protein and vitamins constituents. As the demand for confectionery and bakery items in the entire globe increases, milk powder's need would surge rapidly.
The whole milk is found in the natural form in the market, but people avoid it in their regular diet schedule due to its weight concerns, leading to the demand for skim milk powder market. Moreover, whole milk powder has high calories, and thus it is beneficial for high calories intake people. The Asia-Pacific region is the fastest-growing market as the demand for milk powder increases due to the change in consumers' lifestyle. Dry milk powder is also driving the market of processed and packaged food globally. In India, there was a production of 210 Thousand Metric Tons of milk powder in the year 2020. As per the research findings, Global Milk Powder Industry is expected to grow with a CAGR of 4.45% from 2020 to 2027.
Nestlé's research and development centre recently introduced dairy and infant nutrition businesses worldwide to boost the global infant formula milk powder market. The COVID-19 impact on the global milk powder business was in the supply chain distribution. As per this market research report, Worldwide Milk Powder Market was US$ 31 Billion for the year 2020.
This report titled "Milk Powder Market Global Forecast By Segment (Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk Powder, Fat Filled Milk Powder, Other Milk Powder), Application (Nutritional Food, Infant Formulas, Confectionaries, Baked Sweets, Savories, Others), Regions (North America, Europe, Asia-Pacific and South America, Middle East & Africa), Company Analysis (Nestle, Danone, Saputo, Arla Foods, Kraft Heinz Company)" provides an all-encompassing analysis on the Global Milk Powder Market.
Segments - Market Breakup with 6 Viewpoints
1. Whole Milk Powder
2. Skimmed Milk Powder
3. Dairy Whitener
4. Buttermilk Powder
5. Fat Filled Milk Powder
6. Other Milk Powder
Application - Market Breakup with 6 Viewpoints
1. Nutritional Food
2. Infant Formulas
3. Confectionaries
4. Baked Sweets
5. Savories
6. Others
Regions - Market Breakup with 5 Viewpoints
1. North America
2. Europe
3. Asia-Pacific
4. South America
5. Middle East & Africa
Companies Have Been Covered From 3 Viewpoints
- Overview
- Recent Developments
- Revenues
Company Analysis
1. Nestle
2. Danone
3. Saputo
4. Arla Foods
5. Kraft Heinz Company
Table of Contents
Companies Mentioned
- Nestle
- Danone
- Saputo
- Arla Foods
- Kraft Heinz Company
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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