Press release
Whole Milk Powder Market to Experience a Significant Increase in Revenues by 2025
Whole milk powder is a derivative of milk produced by boiling it, until all the moisture content gets evaporated, eventually leaving fine particles of milk solids. Milk powder is preserved by removing most of the moisture to the greatest extent possible, which stops microbial growth. When it is compared with liquid milk, it has longer shelf life and does not require any refrigeration, due to less microbial activity and negligible moisture content. Moreover, whole milk powder is easy to transport and can be delivered to any part of the world with minimal packaging. Wide range use of whole milk powder and increasing consumption of chocolate are the role players in boosting the growth of the global milk powder market. But, due to the rise of lactose intolerance and rising inflation in the market has somehow restricted the growth of the market. New revenue opportunities in emerging economics and the rising demand for organic food products are anticipated to bring great profitable growth for the whole milk powder manufacturers during the forecast period.
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Market segmentation
Global Whole Milk Powder Market,[Drying Method]
Spray Drying
Freeze Drying
Others
Global Whole Milk Powder Market,[Category]
Conventional
Organic
Global Whole Milk Powder Market,[Application]
Bakery & Confectionery
Chocolates & Candies
Baked Products
Others
Dairy & Frozen Desserts
Sweet & Savory Snacks
Infant Nutrition
RTE & RTC Meals
Beverages
Others
Global Whole Milk Powder Market,[Region]
North America
US
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia-Pacific
Rest of the World (RoW)
Middle East
South America
Africa
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Regional Insights
After a depth regional analysis, it has been seen that Europe captures the lead position. In 2019, the European market had an approximate share of 33% in the global market share of the whole milk powder market. As per the European Dairy Association annual report of 2018, Europe has more than 12,000 milk production sites which generates a wealth of $11.2 Bn to the overall Europe trade balance.
North America is believed to be the second-largest producer and market holder of whole milk powder due to the high per capita income and fast changing lifestyle of the people of America. Also, the availability of various types of fortified whole milk powder is expected to give a boost in growth of market in this area.
Asia Pacific is expected to grow the highest CAGR in the entire milk powder market due to the growing population and in countries like India, where it’s a tradition to serve milk will make it impossible to provide liquid milk, so they are switching to packet milk powder which is easily available easily. These factors are going to fuel the growth of the market. While in LAMEA, the demand of milk powder keeps on growing due to changes in consumer’s work and lifestyles which has attracted the locals and made them depend on packaged foods.
Key Players
Fonterra Co-operative Group Limited (New Zealand)
Arla Foods amba (Denmark)
Glanbia plc (Ireland)
Agropur (Canada)
Lactalis Group (France)
Westland Milk Products (New Zealand)
Dairy Farmers of America, Inc. (US)
Carbery Group Ltd. (Ireland)
California Dairies, Inc. (US)
Maple Island, Inc. (US).
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