Dry Milk Products Market Overview
The process of manufacturing dried milk involves converting perishable liquid raw material into a product, which can be stored with ease without the quality loss to increase the shelf life of the product. Due to its huge application around different end-users such as nutritional foods, bakeries, confectionaries and infant formulas, the dry milk products market is anticipated to grow at a significant pace. Increasing food service restaurants also lead to enhance the market growth during the predicted period. In addition, growing demand for milk powder from food and beverage industry is another market growing factor. This market report on dry milk products market is a focused report gives in-detail analysis on milk powders covering major countries along with market forecast. This report also outlines market size, trends and sizes. This report also focuses on competitive analysis which covers data on leading key players, market shares of these players, key strategies and developments used by key players to make the position in the market. It also covers profiles of key market players.
Dry Milk Products Market Dynamics:
The main aim behind dried milk production is to increase shelf life because it can be stored at room temperature because of less moisture elements. Another goal is to lessen the transportation as well as storage prices. Dairy whiteners, skimmed milk powder and whole milk powder are the milk powder types. Because of the increasing awareness about UHT milk, the demand for milk powder is decreasing. Food and beverage industries use milk powder as significant element to manufacture different food products. Moreover, availability of instant milk powders is there for different customers globally. Due to the increasing preference to milk powders in the form of instant packages due to the busy schedule, dry milk products market is booming. For example, an industry developing instant products is Dana Dairy Group. This industry manufactures instant milk powders; the products are available in the form of pouches tins and sachets. On the other hand, the intake of fresh milk will lead to hinder the market growth during the predicted period. Products, especially sachets and pouches are available in small size and simple to carry milk powders, which are fit for intake for on-the-go consumers. The decline in global tourism has affected the milk products including milk powders in different cafes, foodservice restaurants and hotels globally.
The major markets for dry milk products are France, U.S and France. New Zealand is one of the biggest exporters of dried milk products. A few other prominent exporters are Argentina, EU-27 region and Australia. U.S is also the biggest producer of dried milk products but does not come in the top five exporters as a huge share is consumed nationally. The significant importing countries include Netherlands, New Zealand, U.K, Brazil and Ireland. Whole Milk Powder is broadly traded among various kinds of dried milk products. Convenience in storage and transportation are the prominent market propelling factors.
This market report does the competitive analysis of the market. There are many prominent industry players operating in the market. These industry players are implementing effective strategies and launching new products in the market to make place in the market and get huge profits. Some of the major key market players working in the dry milk products market are given below:
- Dean Foods
- Arla Foods
- Dairy Farmers of America
- Kraft Foods
The current COVID-19 pandemic restricted the market growth in the year 2020. It is mainly because of the decrease in demand for milk powders. Demand for milk products reduced in retail and foodservice channels. Moreover due to the supply chain disruptions like huge competition for shipping containers across the globe, the market is anticipated to hamper during the COVID-19 pandemic situation.