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Global Dry Whole Milk Powder Market - Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global Dry Whole Milk Powder Market
Global dry whole milk powder market was valued around US$ 10 Bn in 2017 and expected to grow at XX% Compound Annual Growth Rate (CAGR) over 2018 to 2024
Market Outline: Dry Whole Milk Powder Market
Dry whole milk powder is the manufactured dairy product obtained from the whole milk after removal of water by evaporating the milk to dryness. Dry whole milk powder usually contains 26% and 40% of milk fat (by weight) and moisture (by weight) not more than 5.0%.
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Market Dynamics: Dry Whole Milk Powder Market
The change in lifestyle majorly driving the people towards the ready-to-use products, which is the key factor enhancing the growth of the dry whole milk powder market. The adoption of the stocking food in the pantry is anticipating the growth of the market. The long-lasting shelf life of the product is another factor attributed for the growth of the dry whole milk powder market. The growing diet preferences are to enhance the growth of the market. However, the growing preference of the people towards the organic food is the key factor hampering the growth of the market. The minimal nutrition values compared with that of the organic milk is hindering the growth of the dry whole milk powder market.
Market Scope: Dry Whole Milk Powder Market
Dry whole milk powder market is segmented based on the product, function, and distribution channel
Based on the product, the market is segmented into the following:
• Regular
• Instant
• UHT
• Caramelized
Based on the function, the market is segmented into the following:
• Foaming
• Thickening
• Emulsification
• Flavoring
Based on the application, the market is segmented into the following:
• Bakery and Confectionery
• Nutritional Supplements
• Infant Formula
• Dry Mixes
• Others
Based on the distribution channel, the market is segmented into the following:
• Convenience Stores
• Online Stores
• Traditional Grocery Store
• Others
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Regional Analysis: Dry Whole Milk Powder Market
Geographically, global dry whole milk powder market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific dry whole milk powder market is the dominant market when compared with that of the other regional markets. Japan contributes the largest share in the dry whole milk powder market in the Asia Pacific region. The North America region is expected to maintain its dominance in the forecasted period owing to its change in lifestyle and their preference towards the ready-to-use food products. The well-established packaged food industries is another factor underpinning the growth of the dry whole milk powder market in this region. The Europe region is expected to witness the growth in the upcoming years due high preference of the dairy-rich products and rising adoption of the instant products.
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Competition Assessment: Dry Whole Milk Powder Market
Some of the players in the global dry whole milk powder market include:
• Saputo (Canada)
• Danone (France)
• Lactalis (France)
• Fonterra (New Zealand)
• Nestle (Switzerland)
• Danone (France)
• Belgomilk (Belgium)
• Amul (India)
Notable Market Developments: Dry Whole Milk Powder Market
In January 2017, Fonterra low-lactose milk powder from NZMP brand.
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