Milk Powder Market Size, Share, Demand, Key Players, Industry Analysis and Forecast 2023-2028

According to IMARC Group's latest report, titled "𝐌𝐢𝐥𝐤 𝐏𝐨𝐰𝐝𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖", 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.

Milk powder refers to a concentrated form of milk that is generally prepared by dehydrating liquefied milk via spray drying methods until it changes into a powder. It is convenient to use and has a longer shelf life. As such, milk powder is extensively utilized by consumers as an alternative to fresh milk in a wide range of food preparation, including confectionaries, infant formulas, savory items, desserts, etc. It has the ability to bind water and exhibits foaming and emulsifying properties. In line with this, milk powder is a rich source of various essential nutrients, such as protein, vitamins, calcium, iron, sodium, cholesterol, potassium, fat, carbohydrates, etc., that are beneficial for overall health development.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐛𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://www.imarcgroup.com/milk-powder-processing-plant/requestsample

Milk Powder Market Trends:

The escalating demand for convenient food products is primarily augmenting the milk powder market. Furthermore, the rising investments in e-commerce infrastructures, continuous improvements in the supply chain distribution channels, and the introduction of online delivery models are also bolstering the market growth. Apart from this, the widespread adoption of milk powder, as it can be stored without refrigeration and easily transported without the need for cold chain facilities, is positively influencing the global market. Moreover, the growing consumer health consciousness and the changing dietary patterns of individuals are acting as significant growth-inducing factors. Besides this, numerous technological advancements in the production processes for retaining the nutrient content of milk are further catalyzing the market growth. Additionally, the increasing utilization of aggressive marketing strategies, promotional campaigns, and celebrity endorsements, and the development of innovative packaging solutions are expected to fuel the milk powder market in the coming years.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.imarcgroup.com/request?type=report&id=504&flag=F

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:

• Nestlé S.A.
• Danone S.A.
• Lactalis Group
• Fonterra Co-operative Group Limited
• Royal FrieslandCampina N.V.
• Dean Foods
• Arla Foods
• Dairy Farmers of America Inc.
• Kraft Heinz Company
• Saputo, Inc.
• Parmalat S.p.A.

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:

• Whole Milk Powder
• Skimmed Milk Powder

Breakup by Function:

• Emulsification
• Foaming
• Flavouring
• Thickening

Breakup by Application:

• Infant Formula
• Confectionery
• Sports and Nutrition Foods
• Bakery Products
• Dry Mixes
• Fermented Milk Products
• Meat Products
• Others

Regional Insights:

• European Union
• New Zealand
• China
• United States
• Brazil
• Others

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝟏𝟎% 𝐟𝐫𝐞𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/request?type=report&id=504&flag=C

This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• 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.

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

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.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝗦:

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This release was published on openPR.