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Dry Whole Milk Powder Market to Surpass US$ 12,761.1 mn by 2022 - Transparency Market Research Inc.
Dry Whole Milk Powder Market
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=30746
Key Players and Market Developments
Key players in the global dry whole milk powder market profiled in this report are Nestle, Lactalis Group, Fonterra, FrieslandCampina, Danone, Belgomilk, Dana Dairy, Saputo Ingredients, Alimra, and Amul.
Extended Shelf Life and Convenience Driving Market Growth:
Dry whole milk powder offers an extended shelf life compared to fresh dairy products, addressing concerns related to perishability. With a shelf life of up to one year, milk powder is particularly beneficial for regions with temperature extremities and inadequate cold chain infrastructure for perishable dairy products. Additionally, the low volume and weight of milk powder make it easy to transport, further fueling its demand globally.
According to Transparency Market Research, the global dry whole milk powder market is projected to expand at a CAGR of 4.6% between 2017 and 2022, reaching a valuation of US$12,761.1 million by 2022.
Segmentation and Product Trends:
The market is segmented based on product type, sales channel, application, and geography. Among product types, instant dry whole milk powder holds dominance, driven by its convenience and versatility. The instant segment is expected to witness a CAGR of 4.7% between 2017 and 2022, reaching a valuation of US$3,958.1 million by 2022.
In terms of sales channels, modern trade and online channels are gaining prominence, offering consumers convenient access to dry whole milk powder. Applications of milk powder span across home reconstitutions, bakery and confectionery, dairy blends, nutritional supplements, and more, reflecting its versatility in various food products.
Regional Trends and Market Outlook:
Asia Pacific except Japan emerges as the most attractive market for dry whole milk powder, driven by rising purchasing power and changing lifestyles in emerging economies. The region is expected to witness a CAGR of 5.2% between 2017 and 2022, reaching a valuation of US$8,654.4 million by 2022. North America remains a significant market, supported by busy lifestyles and a robust packaged food industry.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ | ๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐ญ - https://www.transparencymarketresearch.com/checkout.php?rep_id=30746<ype=S
Innovations and Future Prospects:
Producers are leveraging processing technologies and microbiology advancements to enrich product pipelines and cater to evolving consumer preferences. The use of dry whole milk powder in confectionery products, fortified foods, and reconstituted dairy products is driving market growth. Additionally, the demand for organic dry whole milk powder is on the rise, reflecting consumer preferences for natural and clean-label products.
The COVID-19 pandemic has brought disruptions to businesses, leading to shifts in consumption patterns and regulations in the processed food industry. However, it has also opened new opportunities for packaging companies, ingredient manufacturers, and processing technology providers to innovate and meet evolving consumer needs.
About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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