Press release
Milk Powder Market Size, Trends, Leading Players, Industry Insights, Opportunity and Forecast 2023-2028
According to IMARC Group's latest report, titled "๐๐ข๐ฅ๐ค ๐๐จ๐ฐ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ก๐๐ซ๐, ๐๐ข๐ณ๐, ๐๐ซ๐จ๐ฐ๐ญ๐ก, ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐๐-๐๐๐๐", The global milk powder market size reached US$ 32.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 47.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028.๐๐๐๐ซ ๐๐จ๐ง๐ฌ๐ข๐๐๐ซ๐๐ ๐ญ๐จ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐:
Base Year of the Analysis: 2022
Historical Period: 2017-2022
Forecast Period: 2023-2028
Milk Powder Market Overview:
Milk powder is a dairy product made by dehydrating fresh milk through a process of evaporation. The liquid milk is first pasteurized, then evaporated to remove the water content until it becomes a dry powder. This powder can be stored for long periods without refrigeration and is often used as a convenient substitute for fresh milk. Milk powder is available in various forms, such as whole milk powder, skimmed milk powder, and buttermilk powder. It is commonly used in the food and beverage (F&B) industry as an ingredient in baked goods, confectioneries, and baby formulas, as well as in households for cooking, baking, and making milk beverages.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐: https://www.imarcgroup.com/milk-powder-processing-plant/requestsample
Milk Powder Market Trends:
The rising usage of milk powder in infant foods represents a significant factor driving the market growth. In addition to this, the increasing awareness regarding fitness among consumers is contributing to the growth of the market as it is facilitating the product sales significantly. In line with this, the rise in the demand for high nutritional products is boosting the market growth. Moreover, technological advancements enabling efficient production, sophisticated packaging and design, product portfolio expansion, effective operational maintenance, and sales monitoring, are further creating a positive outlook for the market across the globe.
Milk Powder Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the milk powder market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
โข Nestlรฉ S.A.
โข Danone S.A.
โข Lactalis Group
โข Fonterra Co-operative Group Limited
โข Royal FrieslandCampina N.V.
โข Dean Foods
โข Arla Foods
โข Dairy Farmers of America Inc.
โข Kraft Heinz Company
โข Saputo, Inc.
โข Parmalat S.p.A.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.imarcgroup.com/request?type=report&id=504&flag=F
Key Market Segmentation:
The report has segmented the milk powder market on the basis of product type, function, application and region.
Breakup by Product Type:
โข Whole Milk Powder
โข Skimmed Milk Powder
Breakup by Function:
โข Emulsification
โข Foaming
โข Flavouring
โข Thickening
Breakup by Application:
โข Infant Formula
โข Confectionery
โข Sports and Nutrition Foods
โข Bakery Products
โข Dry Mixes
โข Fermented Milk Products
โข Meat Products
โข Others
Regional Insights:
โข European Union
โข New Zealand
โข China
โข United States
โข Brazil
โข Others
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐% ๐๐ซ๐๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/request?type=report&id=504&flag=C
Key Highlights of the Report:
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
๐๐ฏ๐ผ๐๐ ๐จ๐:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐จ๐ฆ:
IMARC Group
134 N 4th St Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
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