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Navigating the Future: Skimmed Milk Powder Market Trends and Forecast Insights, 2025 Edition
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Skimmed Milk Powder Market Size Growth Forecast: What to Expect by 2025?
The market size for skimmed milk powder has experienced notable expansion in the past few years. Anticipated growth will see the market escalating from $9.95 billion in 2024 to $10.67 billion the following year, representing a compound annual growth rate (CAGR) of 7.3%. This growth during the historical period has been driven by several factors. These include growing comprehension of health and wellness, heightened inclinations towards convenient nutritional choices, an increase in government-led initiatives encouraging milk consumption, expanded usage in baking and sweet manufacture industries, and enhanced consciousness of protein-abundant diets.
How Will the Skimmed Milk Powder Market Size Evolve and Grow by 2029?
The market for skimmed milk powder is anticipated to experience significant expansion in the upcoming years, with a projected growth to $13.93 billion by 2029, reflecting a compound annual growth rate (CAGR) of 6.9%. This growth during the forecast period is due to factors such as its escalating use in sporting and nutritional supplementations, the growing popularity of clean label and organic commodities, relentless consumer demand for products with low-fat content and high-protein, increasing lactose-less and tailor-made dairy mixtures, and the surging trend of incorporating additional nutrients in food items. Notable trends predicted for this period include progress in spray drying technologies, enhancements in packaging for prolonged product life, the creation of fortified skimmed milk powders, advancements in lactose-free product development, and the rise of plant-based dairy substitutes that offer similar benefits.
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What Drivers Are Propelling the Growth of Skimmed Milk Powder Market Forward?
The surge in interest and use of nutritional supplements is predicted to foster the expansion of the skimmed milk powder industry in the future. These supplements, enriched with nutrients like vitamins, minerals, amino acids, among others, enhance overall health and aid in disease prevention, due to which they have become increasingly popular. This spike in attention corresponds to the rising health consciousness among individuals seeking to enhance their health proactively. By offering an abundant source of top-quality protein and essential nutrients while being low on fat, skimmed milk powder plays a crucial role in these nutritional supplements. The United Nations International Children's Emergency Fund (UNICEF), a humanitarian aid organization based in the US, reported delivering around 480 million Vitamin A capsules to 71 nations in 2023. This initiative allowed over 320 million kids to receive two doses of vitamin A supplementation (VAS), marking a 26% rise compared to the roughly 252 million children reached in 2021. Hence, skimmed milk powder market growth is being positively influenced by the rising popularity of nutritional supplements.
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Which Emerging Trends Are Transforming the Skimmed Milk Powder Market in 2025?
In an attempt to cater to specific nutritional necessities, dominant companies in the skimmed milk powder market are pursuing the creation of novel products such as infant-grade skimmed milk powder. This is a particularly processed milk powder with slimmed-down fat content designed to fulfil the dietary needs of infants. For example, Valio Ltd., a French dairy firm, rolled out Valio Prime SMP in April 2023. This is an ultrapure, infant-grade skimmed milk powder for use in the manufacture of dry-blend infant milk formula (IMF). The product, made from fresh milk from Finland in immaculately clean facilities, exceeds the strictest quality standards for dry blending, offering unmatched microbiological purity. The product offers easy customization, streamlining the production processes for infant food items. With a mild, satisfyingly sweet, dairy flavour, this powder presents itself as a top-tier substitute to fresh milk in uses demanding extraordinary purity.
What Are the Key Segments in the Skimmed Milk Powder Market?
The skimmed milk powder market covered in this report is segmented -
1) By Product Type: Cow Milk Powder, Black Skim Milk Powder, White Skim Milk Powder, Green Skim Milk Powder, Oolong Skim Milk Powder
2) By Nutritional Value: Minerals, Lactose, Fat, Other Nutritional Values
3) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Online
4) By Application: Bakery Products, Confectionery, Nutritional Foods, Infant Formula, Frozen Desserts, Dry Mixes
5) By End-User: Food And Beverage Industry, Nutraceuticals, Retail Consumers, Other End-Users
Subsegments
1) By Cow Milk Powder: Organic Cow Skimmed Milk Powder, Non-Organic Cow Skimmed Milk Powder, Fortified Cow Skimmed Milk Powder, Instant Cow Skimmed Milk Powder
2) By Black Skim Milk Powder: Flavored Black Skimmed Milk Powder, Pure Black Skimmed Milk Powder, Fortified Black Skimmed Milk Powder, Instant Black Skimmed Milk Powder
3) By White Skim Milk Powder, Organic White Skimmed Milk Powder, Non-Organic White Skimmed Milk Powder, Fortified White Skimmed Milk Powder, Instant White Skimmed Milk Powder, Flavored Green Skimmed Milk Powder
4) By Green Skim Milk Powder: Herbal Infused Green Skimmed Milk Powder, Organic Green Skimmed Milk Powder, Fortified Green Skimmed Milk Powder, Flavored Green Skimmed Milk Powder
5) By Oolong Skim Milk Powder: Pure Oolong Skimmed Milk Powder, Flavored Oolong Skimmed Milk Powder, Fortified Oolong Skimmed Milk Powder, Instant Oolong Skimmed Milk Powder
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Who Are the Key Players Shaping the Skimmed Milk Powder Market's Competitive Landscape?
Major companies operating in the skimmed milk powder market are Nestlé S.A., Groupe Lactalis S.A., Danone S.A., The Kraft Heinz Company, Dairy Farmers of America Inc., Land O'Lakes Inc., Arla Foods amba, Fonterra Co-operative Group Limited, Mengniu Dairy Company Limited, Saputo Inc., Meiji Holdings Co. Ltd., Schreiber Foods Inc., Agropur Dairy Cooperative, Valio Oy, Synlait Milk Limited, The a2 Milk Company Limited, Anand Milk Union Limited, Open Country Dairy Limited, Westland Co-operative Dairy Company Limited, Alpen Dairies S.A.
What Geographic Markets Are Powering Growth in the Skimmed Milk Powder Market?
North America was the largest region in the skimmed milk powder market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the skimmed milk powder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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