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Key Insights on $38.08 Billion Opportunity in the Milk Powder Market by Arla Foods amba, Dairy Farmers of America Inc., Danone, Dean Foods

11-29-2022 09:50 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Milk Powder Market

Milk Powder Market

"Milk Powder Market by Type (Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk Powder, Fat-Filled Milk Powder, and Other Milk Powder) and Application (Nutritional Food, Infant Formulas, Confectionaries, Baked Sweets, Savories, and Others): Global Opportunity Analysis and Industry Forecast, 2018-2025." According to the report, the global milk powder industry generated $27.78 billion in 2017, and is expected to reach $38.08 billion by 2025, registering a CAGR of 4.4% from 2018 to 2025.

Prime determinants of growth

Changes in preferences with fast-paced lifestyle, its high nutritional value, and rise of retail networks in developing economies drive the growth of the global milk powder market. However, dieting trends and availability of additives hinder the market growth. On the other hand, usage of organic ingredients and development of new flavors present new opportunities in the coming years.

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Leading Market Players:

Arla Foods amba
Dairy Farmers of America Inc.
Danone
Dean Foods Company
Fonterra Co-operative Group
Kraft Foods Inc.
Lactalis Group
Nestle S.A.
Saputo Inc.
Schreiber Foods Inc.

COVID-19 Scenario:

Owing to lockdown imposed by governments during the COVID-19 pandemic, restaurants and hotels have been closed down. So, the demand from these end users has been reduced considerably, which in turn, affected the overall revenue.
Moreover, reluctance of consumers to consume cold products such as yogurt, flavored milk, and ice-cream during the crisis affected the sales of milk powder. Logistical challenges also impacted sales.
The import and export activities have been banned by some countries, and this led to the piling up of inventories in storage facilities of milk powder producers. Moreover, funds have been getting stuck in this process, so they are not able to make new investments.
The whole milk powder segment to maintain its highest contribution during the forecast period

Based on type, the whole milk powder segment contributed to the highest market share in 2017, accounting for more than half of the global milk powder market, and is expected to maintain its highest contribution during the forecast period. This is attributed to high number of calories and major ingredients in food that require thick consistency. However, the skimmed milk powder segment is estimated to register the fastest CAGR of 5.3% from 2018 to 2025, owing to popularity of health-conscious consumers for its low-calorie content.

The confectionaries segment maintain its lead position in terms of revenue by 2025

Based on application, the confectionaries segment accounted for nearly two-fifths of the global milk powder market in 2017, and will maintain its lead position in terms of revenue by 2025. This is due to product innovations in terms of processing, formulations, and packaging. However, the infant formulas segment is projected to portray the highest CAGR of 5.7% from 2018 to 2025, owing to viable alternatives for working mothers to feed their babies.

LAMEA, followed by North America, to the fastest

Based on region, LAMEA, followed by North America, is estimated to register the fastest CAGR of 5.5% during the forecast period. This is attributed to surge in dependency on packaged items and increase in consumption of infant formula. However, Asia-Pacific held the largest market share in 2017, contributing to more than two-fifths of the total share of the global milk powder market, and will maintain its dominance during the forecast period. This is due to changes in lifestyle and penetration of internet and social media leading to ease in availability of processed and packaged food.

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Key Benefits for Milk Powder Market:

The report provides an extensive analysis of the current and emerging market trends and opportunities in the global milk products market.

The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing market opportunities.

A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.

An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.

The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.

Similar Reports:

Pea Protein Market - https://www.alliedmarketresearch.com/pea-protein-market

Soy Protein Ingredients Market - https://www.alliedmarketresearch.com/soy-protein-ingredients-market

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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