Fueling Health and Profit: Milk Powder Market Projected to Reach US$ 50.1 Billion by 2032, Revolutionizing Nutraceutical Industry in Europe, USA, and Beyond

The milk powder market is set to witness growth at a CAGR of around 4.5% and top valuation of USD 50.1 Billion by 2032. Milk powder is manufactured from several types of milk, which determines its content. After using spray drying or roller drying method we get the milk powder which makes the product is simple to store and carry, lowering storage and transportation expenses.

A cup of milk powder also has four times as much nourishment as a cup of liquid milk. 30% of your daily calcium requirements can be met by a scoop of skim milk powder, which also contains important minerals including selenium, phosphorous, magnesium, potassium, and zinc. It is a superior nutraceutical for treating heart disease and obesity since it aids in weight loss, has low cholesterol, and helps with weight loss.

Due to the rising need for shelf-stable functional foods, the milk powder market is therefore anticipated to experience significant expansion.

Unlock the Nutritional Power: Dive into the Milk Powder Market's Growth Journey with Our Sample Report @ 
https://www.futuremarketinsights.com/reports/sample/rep-gb-14898

Key Takeaways from Market Study

The global milk powder market is expected to be valued at USD 34.5 Bn in 2022 and it is expected to grow with significant CAGR of around 5%.
North America is expected to dominate the global milk powder market holding 23.9% share in 2022 and it is expected to grow with CAGR of around 4.6% over the forecast period. Followed by
Among the type, whole milk powder is dominating the type segment holding more than 50% share in 2022 and it is expected to grow with CAGR of 4.1% over the forecasted period.
Bakery & confectionary is dominating the application segment holding more than 40% market share in 2022 and it is expected to grow with CAGR of 4.3% over the forecast period.
Among the distribution channel segment B2B distribution channel is dominating the segment holding around 70% of market share in 2022 and it is expected to grow with CAGR of around 5% over the forecast period.

Competitive Landscape

The key players involved in the milk powder market are continuously expanding their product portfolio in order to gain competitive advantage in the market. In addition to this, these key players are also involving into merger and acquisition activities in order to reduce the competition and increase their hold on to the market.

Key Companies Profiled are: Nestlé, Danone, Groupe Lactalis, Fonterra, Royal FrieslandCampina N.V., Dean Foods, Arla Foods, Dairy Farmers of America, Kraft Foods, Saputo, Parmalat, The Kraft Heinz Company

For instance -

In July 2020, Mead Johnson who is one of the world's leading international pediatric nutrition company launched new milk powder globally.
In November 2019, Nestle who is one of the leading food and nutrition giant introduced high end milk powder products for Chinese family consumers.

Elevate Your Dairy Business: Seize Opportunity in the Milk Powder Market. Buy Now and Stay Ahead @
https://www.futuremarketinsights.com/checkout/14898

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global Milk Powders market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on type (whole milk powder, skimmed milk powder, dairy whitener, fat filled milk powder, other milk powder), application (nutritional food, infant formulas, bakery & confectionary, others), and distribution channel (b2b, b2c (hypermarkets/supermarkets, convenience stores, specialty stores, retail stores, online retail)) across seven major regions of the world.

Obtain complete access to the comprehensive report featuring the most recent insights:

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

Zinc Methionine Chelates Market :
https://www.futuremarketinsights.com/reports/zinc-methionine-chelates-market 

Flavored Butter And Oils Market :
https://www.futuremarketinsights.com/reports/flavored-butter-and-oils-market

Contact Us:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
LinkedIn | Twitter | Blogs | YouTube

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

This release was published on openPR.