openPR Logo
Press release

Milk Powder Market Size Worth US$ 47.4 Billion by 2028 | CAGR: 6.4% IMARC Group

08-23-2023 06:28 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Milk Powder Market Size Worth US$ 47.4 Billion by 2028 | CAGR: 6.4%

IMARC Group, a leading market research company, has recently releases report titled "๐Œ๐ข๐ฅ๐ค ๐๐จ๐ฐ๐๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐†๐ฅ๐จ๐›๐š๐ฅ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ, ๐’๐ก๐š๐ซ๐ž, ๐’๐ข๐ณ๐ž, ๐†๐ซ๐จ๐ฐ๐ญ๐ก, ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐š๐ง๐ ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ–", 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.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐จ๐ซ ๐š ๐๐ƒ๐… ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/milk-powder-processing-plant/requestsample

Milk Powder Market Trends:

โ€ข 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.
โ€ข 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.
โ€ข 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.
โ€ข 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.
โ€ข 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.
โ€ข 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:

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

๐‚๐ก๐ž๐œ๐ค๐จ๐ฎ๐ญ ๐๐จ๐ฐ ๐ฐ๐ข๐ญ๐ก ๐Ÿ๐ŸŽ% ๐ˆ๐ง๐ฌ๐ญ๐š๐ง๐ญ ๐ƒ๐ข๐ฌ๐œ๐จ๐ฎ๐ง๐ญ: 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:

โ€ข Whole Milk Powder
โ€ข Skimmed Milk Powder

Breakup by Function:

โ€ข Emulsification
โ€ข Foaming
โ€ข Flavouring
โ€ข Thickening

Breakup by Application:

โ€ข Infant Formula
โ€ข Confectionery
โ€ข Sports and Nutrition Foods
โ€ข Bakery Products
โ€ข Dry Mixes
โ€ข Fermented Milk Products
โ€ข Meat Products
โ€ข Others

Market Breakup by Region:

โ€ข North America (United States, Canada)
โ€ข Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
โ€ข Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
โ€ข Latin America (Brazil, Mexico, Others)
โ€ข Middle East and Africa

๐€๐ฌ๐ค ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐Ÿ๐ŸŽ% ๐Ÿ๐ซ๐ž๐ž ๐œ๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: 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.

๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—จ๐˜€:

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.

๐—–๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜ ๐—จ๐—ฆ:

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

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Milk Powder Market Size Worth US$ 47.4 Billion by 2028 | CAGR: 6.4% IMARC Group here

News-ID: 3178092 • Views: โ€ฆ

More Releases from IMARC Group

India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insights
India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insig โ€ฆ
As indicated in the latest market research report published by IMARC Group, titled "India Seafood Market Report by Type (Fish, Shrimps, Others), Form (Fresh/Chilled, Frozen/Canned, Processed), Distribution Channel (Off Trade, On Trade), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market. Market Size & Future Growth Potential: The India seafoodโ€ฆ
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025-2033
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025 โ€ฆ
Mutual Funds Market in India 2025: Base Year: 2024 Historical Years: 2019-2024 Forecast Years: 2025-2033 Market Size in 2024: USD 2.50 Billion Market Size in 2033: USD 5.90 Billion Market Growth Rate (CAGR) 2025-2033: 10.03% How Big is the India Mutual Funds Industry? The India mutual funds market size reached USD 2.50 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.90 Billion by 2033, exhibiting a growth rate (CAGR) of 10.03% during 2025-2033. Requestโ€ฆ
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Expanding at a CAGR of 8.09%
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Ex โ€ฆ
Market Overview: The dimethyl ether market is experiencing significant growth momentum, driven by increasing demand for cleaner fuel alternatives, expanding applications in various industries, and supportive government policies promoting sustainable energy solutions. According to IMARC Group's latest research publication, "Dimethyl Ether Market Size, Share, Trends and Forecast by Raw Material, Application, End-Use Industry, and Region, 2025-2033", the global dimethyl ether market size reached USD 7.22 Billion in 2024. Looking forward, IMARCโ€ฆ
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, Project Economics
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, P โ€ฆ
Setting up a glucometer manufacturing plant requires thorough market research alongside a minute understanding of numerous operating factors such as unit processes, purchasing of raw materials, utility supply, infrastructure creation, equipment and technology specifications, human resource planning, logistics, and cash outlay. IMARC Group's report titled "Glucometer Manufacturing Plant Cost Analysis Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing aโ€ฆ

All 5 Releases


More Releases for Milk

Yak Milk Market is Booming Worldwide | Kutwal Foods, Kanhaiyya Milk & Milk Produ โ€ฆ
Advance Market Analytics published a new research publication on "Global Yak Milk Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Yak Milk market was mainly driven by the increasing R&D spending across the world. Get Free Exclusive PDF Sample Copy ofโ€ฆ
Dairy Alternative Market analysis report with Major Products- Soy Milk, Almond M โ€ฆ
Dairy Alternative Market Insights and Trends: The latest Market report by a Data Bridge Market Research with the title [North America Dairy Alternative Market - Industry Trends and Forecast to 2026] . The Dairy Alternative report helps you to be there on the right track by making you focus on the data and realities of the industry. The Dairy Alternative report provides market potential for each geographical region based on theโ€ฆ
Asia-Pacific Dairy Alternative Market 2020-2026 Future Outlook with Major Types- โ€ฆ
The latest Market report by a Data Bridge Market Research with the title [Asia-Pacific Dairy Alternative Market - Industry Trends and Forecast to 2026] . Dairy Alternative Market research analysis and data lend a hand to businesses for the planning of strategies related to COVID-19 impact on industry, investment, revenue generation, production, product launches, costing, inventory, purchasing and marketing. Dairy Alternative market insights with the new skills, latest tools andโ€ฆ
Coconut Milk Market, Coconut Milk Market Trends, Coconut Milk Market Share, Coco โ€ฆ
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled โ€œCoconut Milk Market: Global Industry Analysis and Opportunity Assessment 2017-2027โ€ to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Request Sample Copy of Coconut Milk Marketโ€ฆ
North America Milk Market Expected to Reach USD 35.8 billion by 2019| Product Ty โ€ฆ
Milk is an important part of daily diet due to its high nutritional value and health benefits. The product types of milk include buttermilk, powder milk, flavored milk and liquid milk. Presently, growing health concerns, changing taste and preference for healthy food are some of the major factors driving the milk market in North America. In terms of competition among the milk processors, the market share of private label isโ€ฆ
Milk and Milk Product Processing Unit
Our expert has prepared a โ€œBusiness Plan and Project Report on Milk Processing Unitโ€ We team Meticulous, are working on consulting project โ€“ setting of a Milk Processing unit for our client. We are done with the feasibility study, business modeling, and business planning. Our experts have studied the dairy industry and wanted to share a bit of information with you. Milk processing begins with the production of raw milk. Because theโ€ฆ