Skimmed milk powder is the resultant of partial fat and water removal from pasteurized milk. The protein content of the milk is adjusted by adding or removing milk constituents in a way that it does not affect the whey protein of the milk. Skimmed milk powder also known as nonfat dry milk is a source of high nutritional value such as high animal protein and carbohydrate content. Skimmed milk powder market witnesses an increasing demand owing to its wide application in the food industry especially in bakery and confectionery food items. Skimmed milk powder market experiences a significant demand among the working women for feeding their infants who are either intolerant to breastfeeding or mothers who face a time crunch due to their work life. Skimmed milk powder market is also driven by the need for convenient economy transportation. Skimmed milk powder market is expected to witness an increasing demand over the forecast period owing to its nutritional value, convenient usage anywhere and anytime.
Skimmed Milk Powder: Market Dynamics
Skimmed milk powder market is primarily driven by the growing food industry, bakery and confectionery foods in particular. Manufacturers use skimmed milk powder in baking recipes to enhance the tenderness of the food such as doughnuts, cakes and bread. Adding skimmed milk powder to bakery and confectionery products render the firmness thereby making them tender. Another r factor that fuels up the skimmed milk powder market is its increasing demand for feeding infants. Owing to its nutritional value such as vitamins and minerals that are required for an infant’s growth, mothers depend on skimmed milk powder for their babies who are intolerant to breastfeeding. Skimmed milk powder market is in high demand among working women who face difficulty in feeding their babies due to their busy work life. Feeding skimmed milk powder to babies helps prevent disease transfer from mother’s body thereby reducing the chances of the baby being unhealthy. Skimmed milk powder market is set to witness an escalating demand among the global consumers owing to its wide application in the food industry and also as it serves a way out for the problem of increasing number of working women to feed their babies.
However, skimmed milk powder market faces few restraints that can hinder the growth of the market. Restraints such as lack of anti-bodies that are primarily necessary for building up an infant’s immunity system can be a major hindrance to the global skimmed milk powder market. Skimmed milk powder is artificially manufactured which makes it difficult for the baby to digest. Indigestion or untimely digestion can be harmful to the babies which can again restrain the growth of skimmed milk powder market.
Skimmed Milk Powder: Segmentation
Skimmed milk powder market can be segmented on the basis of types which includes:
- Flavored Non Fat Powder
- Whole Milk Powder
- Butter Milk Powder
Skimmed milk powder market can be segmented on the basis of nutritional value which includes:
- Amino Acids
Skimmed milk powder market can be segmented on the basis of food application which includes:
- Nutritional Food
- Infant Formulas
- Dry Mixes
- Fermented Milk Products
- Frozen Desserts
- Meat products
Skimmed Milk Powder: Regional Segmentation
Geographical coverage for the global skimmed milk powder includes North America, Latin America, Europe, Asia- Pacific and China (APAC) and Middle East and Africa (MEA). North America followed by Europe are the dominant markets for global skimmed milk powder owing to the changing consumer lifestyles and growing food industry. APAC poses potential opportunities for skimmed milk powder market to grow owing to its changing consumer food patterns.
Skimmed Milk Powder: Key Players
Few players in the global skimmed milk powder market include Nestle, Dairy America, Alpen Dairies, Unilever, Nova Dairy products, Amul and others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.