Population growth Coupled with Rising Incomes, Health Consciousness and the Thriving food and beverage industry will have Strong Influence in the Industry: Ken Research

• The sector witnesses higher distributor margins on various types of milk powder imported from other countries.
• New products such as flavored milk powder or lactose-free milk powder are expected to boost market growth in the coming years.
• Tech-backed milk and milk-product delivery platforms are likely to expand their ambit over the next few years in Somalia.

Milk powder offers the same nutritional value as regular milk, owing to which, it is used in sports nutrition products including nutrition bars and beverages. The increasing demand for these products, driven by growing fitness consciousness, has acted as a catalyst for the milk powder market.

Seasonal Milk Shortages: There is limited milk production during the dry season, due to the widespread unavailability of water and fodder, and related livestock migration. This creates seasonal milk shortages in markets boosting the sales of imported milk powder.

Increasing Demand for Feeding Infants: More than 40% of Somalia’s population is younger than 14 and the fertility rate is among the world’s highest at almost 6 children per woman. Owing to its nutritional value such as vitamins and minerals that are required for an infant's growth, mothers depend on skimmed milk powder for their babies who are intolerant to breastfeeding

Structural Constraints Including Lack of Processers to Preserve Milk Quality, inefficient marketing channels fraught with excessive intermediaries, the poor state of roads, rapid spoilage from high temperatures and humidity, and the absence of economies of scale have hindered the dairy sector from reaching its potential.

The report titled “Somalia Milk Powder Market Outlook to 2025 –Increasing Demand-Supply Gap for fresh milk due to Seasonal Fluctuations and Higher Shelf Life for Milk Powder to Drive Market Growth” by Ken Research suggested that the milk powder market is further expected to grow in the near future owing to its nutritional value and convenient usage. The presence of numerous small and large manufacturers who compete in terms of prices and quality along with the initiatives taken by the government regarding the quality standard is increasing the sales. The market is expected to register a positive six-year CAGR of 6.2% in terms of revenue during the forecast period 2019-2025F.

For More Information on the research report, refer to the below link:
https://www.kenresearch.com/food-beverage-and-tobacco/dairy-products/somalia-milk-powder-market-outlook-to-2025/379225-11.html

Key Segments Covered in Somalia Milk Powder Market: -
By Type of Milk Powder
Whole Milk Powder
Skimmed Milk Powder

By Application
Nutritional Foods
Infant Formula
Confectionaries
Others (Ice Creams, Chocolates, Bakeries, and several other applications)

By Distribution Channel
Supermarket & Hypermarkets
Mom & Pop stores
Online

By Market Type
Unorganized
Organized

Key Target Audience
Milk Powder Repackaging Companies
Milk powder Manufacturers
Concentrated Milk Traders

Time Period Captured in the Report:
Historical Period: 2014-2019
Forecast Period: 2019–2025

Companies Covered:
Brookside Dairy Ltd.
Sameer Agriculture and Livestock Ltd.
Nestlé
Fonterra Cooperative Group Limited
New Kenya Co-Operatives Creameries
Arla Foods
Danone

Key Topics Covered in the Report:
Need and Opportunity Landscape in Somalia
Somalia Milk Powder Market Introduction and Overview
Demand & Supply Side Ecosystem for Somalia Milk Powder Market
SWOT Analysis in Somalia Milk Powder Market
Trade Scenario in Somalia Milk Powder Market
Industry Analysis (Porter’s Five Forces Analysis)
Cost of Setting up a Milk Powder Production Plant in Somalia
Cost of Setting up a Repackaging Plant in Somalia
Comparative Landscape – Somalia Milk Powder Market
Recommendations / Success Factors
Research Methodology
Appendix

Related Reports by Ken Research: -
https://www.kenresearch.com/food-beverage-and-tobacco/dairy-products/indonesia-dairy-food-market-outlook-to-2025/335279-11.html

https://www.kenresearch.com/food-beverage-and-tobacco/dairy-products/nigeria-dairy-market-report/60305-11.html

https://www.kenresearch.com/food-beverage-and-tobacco/dairy-products/south-africa-dairy-market-report/60306-11.html

Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. Ken Research provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.

This release was published on openPR.