Press release
Global Milk Powder Market to Reach 12 Million Tons by 2022
Besides this, ease of storage and transportation along with low distribution costs of milk powder have augmented its demand all around the world, particularly in the regions where milk production is almost insignificant and places with poor transport facilities. Moreover, growing population, rising disposable incomes and increasing adoption of powdered milk as a substitute to regular milk have induced the growth of the global milk powder market. According to a new report by Expert Market Research, the market reached a volume of 9.4 Million Tons in 2016 and is expected to reach 11.7 Million Tons by 2022. Despite currently experiencing a moderate growth, the market is anticipated to witness a strong growth in developing markets in the near future.
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Key findings from the report:
Various types of milk powder available in the market include skimmed milk powder, whole milk powder and dairy whitener. In 2016, whole milk powder accounted for the majority of the total global milk powder production. It was followed by skimmed milk powder and dairy whitener.
The major end-use sectors of milk powder include infant food, confectionery, sports and nutrition foods, bakery products, dry mixes, fermented milk products, meat products and others.
Some of the major markets for milk powder include Asia-Pacific, North America, Europe and others.
The global milk powder market is surrounded by a number of small and big players. Some of the key players include Nestle, Danone, Lactalis, Fonterra and Friesl and Campina.
Browse Report Summary with TOC: http://www.expertmarketresearch.com/reports/milk-powder-market
Expert Market Research has analysed the global milk powder market according to type, end-use, major regions and top players:
Market breakup by Type
Skimmed milk powder
Whole milk powder
Dairy whitener
Market breakup by End-use
Infant Food
Confectionery
Sports and Nutrition Foods
Bakery Products
Dry Mixes
Fermented Milk Products
Meat Products
Others
Market breakup by Region
Asia-Pacific
North America
Europe
Others
Top players
Nestle
Danone
Lactalis
Fonterra
FrieslandCampina
Find more reports related to Food & Beverages Market Research @ http://www.expertmarketresearch.com/categories/food-beverages-market-reports
Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.
With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.
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