The global Milk Powders market reached a volume of about 667 million tonnes in 2021. The industry is projected to grow at a CAGR of around 1.5% in the forecast period of 2022-2027 to reach a volume of about 730 million tonnes by 2027.
The global Milk Powders industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The industry is driven by the demand for food products with high nutritional content. In the industry report, the key demand indicator is the highest category spender by region—Asia.
Powdered milk or milk powder is milk that has had its water content evaporated, resulting in dry material. The process is done to preserve milk; milk powder has a much longer shelf life than liquid milk and, due to its low moisture content, does not need to be refrigerated. One more objective is to decrease its majority to develop transportation competence. Dry whole milk, dry buttermilk, dry whey products, dry dairy blends, and non-fat (skimmed) dry milk are examples of powdered milk and dairy products. The Milk Powders industry report comprises segments by type (Skim Milk Powder, Whole Milk Powder) and region (North America, Europe, Asia Pacific, the Middle East, Africa, and South America).
Asia holds the largest share in the market due to changes in lifestyles, fueled by globalisation and growth in the working population in the region. The expansion of the affluent people and increased internet and social media penetration encourage the consumption of processed and packaged foods, paving the way for packaged goods in the region, thus resulting in increased demand.
The market is being driven by the high nutritional content present in the product. Milk powder contains many nutrients such as vitamin B12, thiamin, and high protein levels, which is propelling the global milk powder market. There is an increased focus on the high nutrients products due to the rising health consciousness among consumers. In addition, the product has low-calorie content, which is gaining traction—this aid in the loss or maintenance of weight and the promotion of a healthy heart. As a result, the demand for the commodity is rapidly increasing. Furthermore, milk powder has a longer shelf life than ordinary milk, resulting in greater order for milk powder over regular milk.
The global Milk Powders industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Milk Powders regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Drying non-fat skimmed milk, whole milk, buttermilk, or whey produces powdered milk. Pasteurised milk is concentrated to roughly 50% milk solids in an evaporator. The concentrated milk is then poured into a heated chamber, where the water evaporates nearly instantaneously, leaving tiny, powdered milk solid particles. Alternatively, drum drying can be used to dry the milk. The dried milk solids are scraped off after a thin coating of milk is placed on the surface of a heated drum. Compared to drum drying, another method is freeze-drying, which protects many nutrients in milk.
Due to the low moisture content, powdered milk has a longer shelf life than liquid milk. As a result, it may be stored at room temperature, delivered to remote regions without adequate cold chain infrastructure, and utilised when milk output is low. Milk powder has a wide range of applications in the food and beverage business and is included in a wide range of products, including soups, sauces, and baked goods, among others, thus resulting in high demand.
However, the strict regulations over preservatives are likely to hamper the industry's expansion.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
With many local and multinational firms fighting for market share, the global milk powder market is somewhat fragmented. There are various minor and major manufacturers on the market, all competing on price and quality. As a primary marketing tactic, companies are focused on new product introductions with natural or organic claims.
1. Executive Summary
2. Milk Powders Market Snapshot
2.1. Milk Powders Market Outlook
2.2. Milk Powders Industry Analysis By Type
2.2.1. Skim Milk Powder
2.2.2. Whole Milk Powder
2.3. Regional Overview
2.3.1. North America
2.3.3. Asia Pacific
2.3.4. Latin America
2.3.5. Middle East & Africa
3. Impact of Recent Events
4. Milk Powders Value Chain Analysis
5. Milk Powders Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Milk Powders Cost Structure
9. Milk Powders Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Milk Powders Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. Swot Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New Entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Industry Best Practices
13.1. Sourcing Strategy
13.2. Procurement Model
13.3. Contract Structure
13.4. Negotiation Levers
13.5. Pricing Model
13.6. Key Factors Influencing the Quotation
14. Key Supplier Analysis
14.1. Fonterra Co-operative Group Limited
14.2. Arla Foods amba
14.3. Saputo Inc.
14.4. Nestlé S.A.
14.5. Danone S.A.
The global Milk Powders market size reached the volume of about 667 million tonnes in 2021.
In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 1.5%.
The significant demand for the product owing to its high nutritional content is one of the essential drivers of the Milk Powders market growth.
Fonterra Co-operative Group Limited, Arla Foods A.m.b.a, and Saputo Inc. are some of the major companies in the market.
The Asia region of the Milk Powders industry holds a significant share in the market.
The global Milk Powders market attained a volume of about 667 million tonnes in 2021, driven by the high nutritional content present in the product. As a result, the demand for the commodity is rapidly increasing. Furthermore, milk powder has a longer shelf life than ordinary milk, resulting in greater order for milk powder over regular milk. Aided by the wide range of applications in the food and beverage business, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 1.5%. The market is projected to reach a volume of about 730 million tonnes by 2027. Some of the leading players in the industry are Fonterra Co-operative Group Limited, Arla Foods A.m.b.a, and Saputo Inc.
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