According to the latest report by IMARC Group, titled “Milk Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global milk powder market reached a volume of 11.2 Million Tons in 2020. Looking forward, IMARC Group expects the market to reach a volume of 14.1 Million Tons by 2026.
Milk powder, also known as dried milk, is a dairy product that is produced by evaporating the water content of the milk using evaporation or the spray drying process. During the process, the milk is pasteurized under controlled temperatures so as to eliminate any microbial growth. Milk powder is a rich source of zinc, calcium, magnesium, vitamins A, B12, D, E, and K, as well as other nutritional elements, such as antioxidants. Although powdered milk and fresh milk share several nutritional similarities, milk powder does not require refrigeration and has a significantly extended shelf life.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Milk Powder Market Trends and Drivers:
One of the key factors driving the milk powder market is the extensive product application in the food and beverage industry. It is utilized in the preparation of confectionaries, cakes, smoothies, bakery items, and infant formula. Besides this, the leading manufacturers are employing newer technologies and sustainable product packaging. For instance, they are utilizing green refrigeration systems, ceramic microfiltration systems that remove heat-resistant microbes from the milk, along with improved evaporators that reduce energy consumption and avoid denaturing milk proteins. Along with this, the growth of the market is also being influenced by improving living standards, expansion across end-use industries, and easy transportability and low distribution costs of milk powder.
Milk Powder Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
- Nestlé
- Danone
- Lactalis
- Fonterra
- Friesland Campina
- Dean Foods
- Arla Foods
- Dairy Farmers of America
- Kraft Foods
- Saputo
- Parmalat
Key Market Segmentation:
The report has segmented the global milk powder market on the basis of product type, function, application, and region.
Breakup by Product Type:
- Whole Milk Powder
- Skimmed Milk Powder
Breakup by Function:
- Emulsification
- Foaming
- Flavoring
- Thickening
Breakup by Application:
- Infant Formula
- Confectionery
- Sports and Nutrition Foods
- Bakery Products
- Dry Mixes
- Fermented Milk Products
- Meat Products
- Others
Regional Insights:
- European Union
- New Zealand
- China
- United States
- Brazil
- Others
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Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.
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