The Global Powdered Milk Market is forecast to reach USD 12.88 Billion by 2027, according to a new report by Reports and Data. Powdered Milk or nonfat dry milk (NDM) is quite similar to skimmed milk powder (SMP) that contains a lower calorie and extremely lower fat (approximately 1.5% or less by weight). The continuous expansion of the healthy confectioneries and bakery items many dairy-based products and high demand for low-fat or low-caloric powder milks are expected to drive the growth of the nonfat milk market.
The statistical data included in the report has been derived from reliable and authentic sources and has been verified and backed by industry experts to help readers formulate strategic investment plans. The report studies financial information gathered by extensive primary and secondary research to offer accurate market insights. The report also offers a holistic overview of the market share, market size, market revenue growth, and segments and sub-segments along with strategic recommendations to key market players and new entrants. The report also emphasizes nascent market segments and provides insights into the growth prospects and opportunities.
Statistical data indicating product consumption across all these topographies have been cited in the report. These particulars additionally consist of a basic summary of the corporations, company profile, and the product portfolio of the company in focus. The report analyses the gathered information relating to the profits accrued, sales, gross margins, price patterns, revenue and updates on the activities of the company.
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Key Players:
Key participants include Nestle S.A., Bob's Red Mill, Hochdorf Holding AG, Amul, Mayfield Dairy Farms, Inc., Unilever, DairyAmerica, Inc., All American Foods, Inc., The St. Albans Cooperative Creamery, Inc., Dairy Farmers of America Inc., among others.
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An extensive analysis of the global market is included in the report which covers different factors from region-centric key statistical data to macro- and micro-economic factors that are crucial for forecast assessment. The study also offers a comprehensive analysis of the growth prospects, patents, technological advancements, and product launches in the market.
Further key findings from the report suggest:
- Dairy beverages application sub-segment is expected to be the fastest-growing segment during the forecast period 2019-2026 with a CAGR of 6.9% due to an increase in the consumption of dairy-based products and Powdered Milk mixed beverages, especially in emerging nations. This sub-segment also had the highest market share in 2018.
- Growing penetration of the online retailing businesses for food items, especially in the emerging nations in the Asia Pacific, is helping the market grow by broadening the outreach in the areas where the offline vendors are unavailable. One of the significant investments made in the food and beverage sector in the Indian subcontinent is made by Amul lately. Amul plans on investing USD 753 million in order to set up ten new milk processing plants and to scale up the production by 32 million liters per day by 2020.
- Europe is growing at a CAGR of 6.7% in the forecast period and is expected to retain a significant position in the market by 2027. Switzerland has some of the valuable players in this region.
- North America is forecasted to witness significant growth in the overall market, growing with a CAGR of 7.5% during the forecast period.
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Market Segmentation:
Applications Outlook (Revenue: USD Billion; 2016-2027)
- Ordinary
- Confectionery Bakery
- Nutritional Foods
- Prepared Foods
- Dairy Products
- Others
Form Factor Outlook (Revenue: USD Billion; 2016-2027)
- Ordinary
- Agglomerated
Processing Treatment Outlook (Revenue: USD Billion; 2016-2027)
- Low-heat
- Medium-heat
- High-heat
Distribution Channel Outlook (Revenue: USD Billion; 2016-2027)
- Online
- Hypermarket
- Wholesalers
- Retail Stores
Regional Outlook (Revenue: USD Billion; 2016-2027)
- North America
- U.S
- Europe
- U.K
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
Objective of Studies:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Powdered Milk market.
- To provide insights about factors affecting the market growth. To analyze the Powdered Milk market based on various factors- price analysis, supply chain analysis, Porte five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America and Rest of the World.
- To provide country level analysis of the market with respect to the current market size and future prospective.
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