Press release
Milk Powder Market Size Worth US$ 47.4 Billion by 2028 | CAGR: 6.4% IMARC Group
IMARC Group, a leading market research company, has recently releases report titled "๐๐ข๐ฅ๐ค ๐๐จ๐ฐ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ก๐๐ซ๐, ๐๐ข๐ณ๐, ๐๐ซ๐จ๐ฐ๐ญ๐ก, ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐๐-๐๐๐๐", The study provides a detailed analysis of the industry, including the global milk powder market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.Report Highlights:
How big is the milk powder market?
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 Market Overview?
Milk powder, also known as powdered milk or dried milk, is a dairy product made by evaporating the moisture from fresh milk, resulting in a powdered form that is easier to store, transport, and use. One of the key characteristics of milk powder is its long shelf life as by removing the water content, milk powder can be stored for an extended period without spoilage and is therefore considered the best alternative of liquid milk. Milk powder features high nutritional content similar to that of fresh milk. It is rich in essential nutrients, such as proteins, vitamins (including vitamin D and calcium), and minerals, making it a valuable source of nutrition. It is commonly fortified with additional vitamins and minerals to enhance its nutritional profile.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/milk-powder-processing-plant/requestsample
Milk Powder Market Trends:
โข The increasing population and rapid urbanization leading to higher demand for convenient and easily transportable food products represents one of the key factors influencing the market growth of milk powder. Moreover, rising popularity of milk powder as a nutritional supplement in various age groups, including infants, children, and the elderly, is contributing to the market growth.
โข In addition to this, the rising demand for milk powder in regions with limited access to fresh milk due to geographical constraints or seasonal variations, along with the rising trend of on-the-go consumption and instant food preparation, wherein milk powder serves as a quick and convenient ingredient, is driving the market toward growth.
โข The widespread adoption of milk powder in the manufacturing of infant formula, driven by the growing global population and increasing birth rates, is contributing to the market growth. Furthermore, significant technological advancements in milk powder manufacturing processes are leading to improved product quality and consistency, which is propelling the market growth. The increasing popularity of dairy-based beverages like milkshakes, smoothies, and protein shakes are driving the demand for milk powder, thereby propelling the market growth.
โข The rising consumer preference for natural and organic milk powder options, driven by health and sustainability concerns is leading the market toward growth. Besides this, the expansion of e-commerce platforms is facilitating an easy access to a wide range of milk powder products globally. This is contributing to the market growth.
โข The market is also being driven by aggressive marketing strategies, growing number of promotional campaigns, improved distribution channels, rising celebrity endorsements, and the continual launch of products in innovative packaging solutions.
โข Other factors, such as growing awareness about the advantages of milk powder in terms of cost savings and reduced food waste, investments in research and development (R&D) activities to introduce innovative milk powder variants, such as flavoured or fortified options, to cater the evolving consumer preferences, are creating a positive outlook for the market further across the globe.
Who are the key players operating in the industry?
The report covers the major market players including:
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.
๐๐ก๐๐๐ค๐จ๐ฎ๐ญ ๐๐จ๐ฐ ๐ฐ๐ข๐ญ๐ก ๐๐% ๐๐ง๐ฌ๐ญ๐๐ง๐ญ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ: https://www.imarcgroup.com/checkout?id=504&method=1
What is included in market segmentation?
The report has segmented the market into the following categories:
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
Market Breakup by Region:
โข North America (United States, Canada)
โข Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
โข Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
โข Latin America (Brazil, Mexico, Others)
โข Middle East and Africa
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐% ๐๐ซ๐๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/request?type=report&id=504&flag=C
If you require any specific information that is not covered currently within the scope of the report, we will provide the same 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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