Dry Whole Milk Powder Market Overview, Industry Statistics Forecast 2022-2028

The global dry whole milk powder market size was valued at USD 11.0 billion in 2021 and is expected to reach USD 13.7 billion by 2028, at a CAGR of 3.1% during the forecast period 2022-2028. Dry Whole Milk Powder is frequently enriched with vitamins and minerals is whole milk powder. It has all the charming characteristics of milk, which, in its dry form, is a crucial ingredient in the creation of an astounding array of food products. The maximum amount of nutrients and fat are found in whole milk powder (WMP), which is liquid milk that has been pulverized. For the majority of applications, whole milk powder is overheated and contains certain nutritional levels. Whole milk powder (WMP) is made by spray drying and evaporating pasteurized, homogenized whole milk to remove the water. It is creamy-white in color, has less than 10% moisture, and over 90% milk solids. Milk's moisture removal also prevents bacteria development.

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One of the main factors influencing the sales of powdered milk is the longer shelf life of dry milk powder, which allays concerns about the perishability of fresh dairy products. Milk powder can be kept for up to a year without suffering significantly from quality loss. For places that experience temperature extremes and those without dependable cold chains for the transportation of perishable dairy goods, milk powder is especially desirable. The benefits of milk powder over liquid milk in terms of low volume and weight for transportation are also helping the market for dry whole milk powder to expand. The demand for dry whole milk powder for the creation of these items is also being seen as a result of changing lifestyles in rising nations of the Asia-Pacific region that are driving sales of bakery and confectionary products.

Dry Whole Milk Powder Market Segmentation:
The dry whole milk powder market on the basis of Product, the market is categorized into Regular, Instant, UHT, and Caramelized. On the basis of Function, the market is segregated into Foaming, Thickening, Emulsification, and Flavoring. On the basis of Application, the market is classified into Bakery and Confectionery, Nutritional Supplements, Infant Formula, Dry Mixes, and Others. On the basis of Distribution Channel, the market is divided into Convenience Stores, Online Stores, Traditional Grocery Stores, and Others.

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Dry Whole Milk Powder Market Regional Analysis:
Geographically, the study covers the markets for dry whole milk powder in North America, Latin America, and Asia Pacific, with the exception of Japan, Europe, and the Middle East and Africa. With the exception of Japan, Asia Pacific is currently the most alluring region for dry whole milk powder and is expected to continue to dominate the market over the projection period. The expansion of this regional market is greatly aided by the increased purchasing power of the developing nations in the Asia-Pacific area.

Key players' profiles in the dry whole milk powder market report are Saputo (Canada), Danone (France), Lactalis (France), Fonterra (New Zealand), Nestle (Switzerland), Danone (France)

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