Press release
Adult Milk Powder Market: Size, Share, Growth, Analysis, Key Players, Revenue, | Valuates Reports
Adult Milk Powder Market SizeThe global Adult Milk Powder revenue was US$ 4467 million in 2022 and is forecast to a readjusted size of US$ 5660.7 million by 2029 with a CAGR of 3.4% during the forecast period (2023-2029).
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Adult Milk Powder Market
Adult milk powder is mainly marketed for providing nutrition, such as necessary vitamins and minerals, for the adult group.
In India, the Adult Milk Powder revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).
Global Adult Milk Powder key players include Abbott, Nestle, Anlene, Murray Goulburn, Régilait, etc. Global top five manufacturers hold a share about 70%. Europe is the largest market, with a share about 30%, followed by USA, with a share about 20 percent. In terms of product, SMP is the largest segment, with a share about 55%. And in terms of application, the largest application is Age 35-55, followed by Age Above 55, Age 18-35.
This report focuses on global and India Adult Milk Powder market, also covers the segmentation data of other regions in regional level and county level.
India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.
India is a market full of opportunities, and the demand for Adult Milk Powder will continue to grow rapidly in the future.
Global Adult Milk Powder Scope and Market Size
Adult Milk Powder market is segmented in regional and country, by players, by type and by application. Companies, stakeholders, and other participants in the global Adult Milk Powder market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by type and by application for the period 2018-2029.
For India market, this report focuses on the Adult Milk Powder market size by players, by Type and by Application, for the period 2018-2029. The key players include the global and local players, which play important roles in India.
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Segment by Type
• Whole Milk Powder
• Skim Milk Powder
Segment by Application
• Age 18-35
• Age 35-55
• Age Above 55
By Company
Abbott, Nestle, Anlene, Murray Goulburn, Régilait, Yili, Fasska, Yashily, Vreugdenhil Dairy, Anchor, GMP, Feihe, Tatura, Ausino Products, Wondersun, Able Food Sdn Bhd, Mengniu, Anmum™ Malaysia
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