Dry Whole Milk Powder Market Growth, Trends, COVID-19 Impact, And Forecasts (2021 - 2027)

Precision Business Insights published a research report on “Dry Whole Milk Powder Market: By Product (Regular, Instant, UHT, and Caramelized) By Function (Foaming, Thickening, Emulsification, and Flavoring), By Application (Bakery and Confectionery, Nutritional Supplements, Infant Formula, Dry Mixes, and Others), By Distribution Channel (Convenience Stores, Online Stores, Traditional Grocery Stores, and Others), and Geography - Global/Region/Country Forecast to 2027".

A crucial aspect boosting powdered milk sales is the longer shelf life of dry milk powder, which addresses perishability problems of fresh dairy products. Milk powder may be kept for up to a year without losing much of its quality. Milk powder is especially useful in locations where temperatures are extreme and where there are no reliable cold chains for transporting perishable dairy goods. Over the last few months, almost every industry in the globe has suffered a setback. This can be ascribed to severe interruptions in their respective production and supply-chain activities as a result of different precautionary lockdowns and other limitations imposed by governments all over the world. The same may be said for the global market for Dry Whole Milk Powder. Furthermore, consumer demand has decreased as people are now more focused on removing non-essential costs from their budgets since the overall economic situation of most people has been badly impacted by the epidemic. Over the forecast period, the aforementioned factors are likely to weigh on the worldwide Dry Whole Milk Powder market's revenue trajectory. The global Dry Whole Milk Powder market is likely to revive as regional government agencies begin to abolish these imposed lockdowns.

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Over the forecast period of 2021 to 2028, rising demand for dairy products and a preference for a healthy diet are important factors predicted to contribute to market expansion and boost demand for dry whole milk powder. The advantages of milk powder's longer shelf life and ease of transportation and handling over liquid milk are also important factors driving powdered milk's rise. However, the growing number of lactose intolerant people is expected to serve as a limitation on market expansion, while raw material price fluctuations may pose a threat to the worldwide dry whole milk powder market's growth. Furthermore, in the forecast period of 2021 to 2028, increased demand for healthy food items, as well as rising preferences and regulations for the processed food sector, are likely to provide new possibilities for the dry whole milk powder market.

Dry whole milk powder market is fragmented on the basis of method, source, type, end user and distribution channel. In terms of source, the dry whole milk powder market has been divided into sheep, cows, buffalos, goats, and donkey. In terms of method, the dry whole milk powder market has been categorized into freezing, drying, and others. In terms of type, the dry whole milk powder market has been classified into instant, regular, UHT, caramelized and organic. In terms of end user, the dry whole milk powder market is segmented into dairy products, confectionery, bakery and infant formula. In terms of distribution channel, the dry whole milk powder market is segregated into traditional grocery store, modern trade, online channels, retail formats, convenience stores, and direct sales.
Due to increased demand for milk-based products and growing awareness of the advantages of dry whole milk powder in this area, Asia-Pacific is expected to lead the dry whole milk powder market. Due to rising demand for dry whole milk powder, North America is predicted to rise at a high rate from 2021 to 2028.

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There are some major players working in dry whole milk powder market, which include Saputo (Canada), Danone (France), Lactalis (France), Fonterra (New Zealand), Nestle (Switzerland), Danone (France), Belgomilk (Belgium), Amul (India)

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