India Skimmed Milk Powder Market Size, Share, Growth, Demand, Revenue, Price Trends, Report 2023-2028

According to IMARC Group latest report titled "Skimmed Milk Powder Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on India Skimmed Milk Powder market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The Indian skimmed milk powder (SMP) market size reached INR 133.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 262.9 Billion by 2028, exhibiting a growth rate (CAGR) of 10.9% during 2023-2028.

Skimmed Milk Powder (SMP) is a dairy product made by evaporating all the water from skimmed milk. It contains less than 1.5% fat and retains most of the protein and carbohydrates found in milk. In India, it is highly sought after for its nutritional content, long shelf life, and ease of use. It's used extensively in various food industries such as confectionery, bakery, and infant formula. Moreover, it's a common household item for the preparation of milk-based dishes. Through advanced dehydration technology, the moisture is removed, converting liquid skim milk into a fine powder. The primary characteristics of SMP include its solubility, purity, and uniform texture, which allow for a consistent quality in culinary applications.

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Market Trends:

The market in India is primarily driven by the rising health consciousness among consumers, leading to a preference for low-fat dairy products. In line with this, the burgeoning growth in the food processing industry requiring milk derivatives is providing an impetus to the market. Moreover, the widespread availability of various brands and affordable options is acting as a significant growth-inducing factor for the market. In addition to this, the expanding population with higher dietary awareness is resulting in increased demand for skimmed milk powder. Besides this, the growing inclination towards convenient and shelf-stable food items due to busy lifestyles is creating lucrative opportunities in the market. Also, the increasing focus on child nutrition, where skimmed milk powder is often used, is impacting the market positively. The market is further driven by the implementation of favorable government policies supporting dairy farmers and producers.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• GCMMF
• KMF
• Mother Dairy
• TN Cooperative
• RCDF

The report has examined the Indian Skimmed Milk Powder

Market in 15 major states:
• Maharashtra
• Uttar Pradesh
• Andhra Pradesh
• Tamil Nadu
• Gujarat
• Rajasthan
• Karnataka
• Madhya Pradesh
• West Bengal
• Bihar
• Delhi
• Kerala
• Punjab
• Orissa
• Haryana

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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This release was published on openPR.