The diets of people in emerging markets, such as Asia Pacific, are shifting towards dairy-rich tastes. This shift has fuelled the demand for milk powder as an alternative to fresh milk. Milk powder is the dehydrated form of milk obtained through evaporation. Before drying, pasteurized milk is homogenized and pre-concentrated. In recent times, milk powder has increased as a share of dairy products.
Most of the global demand for this dairy product is fulfilled by the top dairy exporting regions across the globe. For instance, the European Union, which leads the market in world’s dairy exports, produced nearly 8 mn tons of milk powder in 2015 of which the majority was exported in consumer packs or bulk packing. India, which is the world's largest producer of milk, is also the leading exporter of skimmed milk powder.
The report presents a detailed overview of the global milk powder market through definitions, classifications, industry chain structure, and applications. It offers insights into short-term and long-term market growth by analyzing its historical data and current market scenario. It gives an in-depth analysis of the competitive landscape of the global milk powder market. The profile of key companies along with their capacity, cost, product specifications, latest developments, and contact information are also discussed in the report.
Overview of the Global Milk Powder Market
The primary appeal of milk powder is the increased shelf life it offers due to less moisture content. Longer shelf life is desirable in places with extreme temperature and poor transport facilities. The reduced transportation and storage costs associated with milk powder fuels the growth of the global milk powder market. Moreover, the rising disposable income of population living in emerging nations and increasing adoption as an alternative to milk are likely to boost the demand for milk powder.
The growth of the global milk powder market is anticipated to be hampered with the growing concerns for ultra-high temperature (UHT) milk. Whole milk powder has all the nutrients present in milk, except vitamin C, vitamin B12, thiamin, and a reduced amount of protein. Moreover, the 2008 Chinese milk scandal, in which hundreds of infants died due to the consumption of adulterated powdered milk, has led to the development of stringent regulations regarding milk powder in many countries including China. These regulations coupled with globally declining prices of dairy products pose a challenge to the manufacturers, thereby impeding the growth of the global milk powder market.
The global milk powder market is segmented on the basis of type, applications, and geography. The key regions studied are Asia Pacific, Europe, North America, and Rest of the World (RoW). Globally, New Zealand is the leading exporter of milk powder. The U.S. is the leading producer of milk powder, however, a large part of the volume is consumed domestically. China and France are also among the largest markets for powdered milk.
By type, the global milk powder market is segmented into dry whey products, dry dairy blends, dry buttermilk, dry whole milk, and nonfat dry milk. Based on application, the market is segmented into infant formulas, nutritional foods, confectionaries, and baked sweets and savories.
Companies Mentioned in the Global Milk Powder Market
Some of the key companies in the global milk powder market are Kraft Foods, Belgomilk, Unilever, Nestle, and Friesland Campina.
Global Milk Powder Market, by Type
- Dry Whey Products
- Dry Buttermilk
- Dry Whole Milk
- Dry Dairy Blends
- Nonfat Dry Milk
Global Milk Powder Market, by Application
- Nutritional Foods
- Infant Formulas
- Baked Sweet and Savories
Major geographies analyzed under this research report are:
- Asia Pacific
- North America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments