The Asia Pacific Milk Powder Market would witness market growth of 5.1% CAGR during the forecast period (2023-2030).
The milk powder market is a pivotal sector within the dairy industry, characterized by its versatility, nutritional significance, and widespread applicability across various consumer segments and industries. Derived from liquid milk's evaporation and spray drying, it represents a concentrated form of dairy goodness that retains essential nutrients, including proteins, vitamins, and minerals, while offering enhanced shelf stability and convenience
Additionally, In the dairy landscape, the market is a vital link between dairy producers, manufacturers, retailers, and consumers, facilitating the exchange of dairy products across local, regional, and international markets.
huge raw milk production in China supports a robust its production industry. According to the U.S. Department of Agriculture, raw milk production in China reached nearly 41.7 million metric tons in 2023. Furthermore, high raw milk production in China shapes the dynamics of the market by influencing domestic supply and demand, facilitating its production, creating export opportunities, impacting market trends, and necessitating regulatory oversight. Therefore, high milk production in the region is propelling the growth of the market.
The China market dominated the Asia Pacific Milk Powder Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4202.7 Million by 2030. The Japan market is exhibiting a CAGR of 4.3% during (2023 - 2030). Additionally, The India market would experience a CAGR of 5.7% during (2023 - 2030).
Based on Product Type, the market is segmented into Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk Powder, Fat Enrich Milk Powder and Others. Based on Application, the market is segmented into Bakery & Confectionery, Infant Formula, Ice-Creams, Nutrition Food, Sweets & Savories, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The milk powder market is a pivotal sector within the dairy industry, characterized by its versatility, nutritional significance, and widespread applicability across various consumer segments and industries. Derived from liquid milk's evaporation and spray drying, it represents a concentrated form of dairy goodness that retains essential nutrients, including proteins, vitamins, and minerals, while offering enhanced shelf stability and convenience
Additionally, In the dairy landscape, the market is a vital link between dairy producers, manufacturers, retailers, and consumers, facilitating the exchange of dairy products across local, regional, and international markets.
huge raw milk production in China supports a robust its production industry. According to the U.S. Department of Agriculture, raw milk production in China reached nearly 41.7 million metric tons in 2023. Furthermore, high raw milk production in China shapes the dynamics of the market by influencing domestic supply and demand, facilitating its production, creating export opportunities, impacting market trends, and necessitating regulatory oversight. Therefore, high milk production in the region is propelling the growth of the market.
The China market dominated the Asia Pacific Milk Powder Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4202.7 Million by 2030. The Japan market is exhibiting a CAGR of 4.3% during (2023 - 2030). Additionally, The India market would experience a CAGR of 5.7% during (2023 - 2030).
Based on Product Type, the market is segmented into Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk Powder, Fat Enrich Milk Powder and Others. Based on Application, the market is segmented into Bakery & Confectionery, Infant Formula, Ice-Creams, Nutrition Food, Sweets & Savories, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- Arla Foods, Inc.
- Dairy Farmers of America, Inc.
- Fonterra Co-operative Group Limited
- Nestle S.A.
- Royal FrieslandCampina N.V.
- Saputo, Inc.
- Schreiber Foods, Inc.
- The Kraft Heinz Company
- Danone S.A.
- DANA Dairy Group Ltd.
Market Report Segmentation
By Product Type- Whole Milk Powder
- Skimmed Milk Powder
- Dairy Whitener
- Buttermilk Powder
- Fat Enrich Milk Powder
- Others
- Bakery & Confectionery
- Infant Formula
- Ice-Creams
- Nutrition Food
- Sweets & Savories
- Others
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific Milk Powder Market by Product Type
Chapter 5. Asia Pacific Milk Powder Market by Application
Chapter 6. Asia Pacific Milk Powder Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Arla Foods, Inc.
- Dairy Farmers of America, Inc.
- Fonterra Co-operative Group Limited
- Nestle S.A.
- Royal FrieslandCampina N.V.
- Saputo, Inc.
- Schreiber Foods, Inc.
- The Kraft Heinz Company
- Danone S.A.
- DANA Dairy Group Ltd.
Methodology
LOADING...
