Milk Products Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Milk Products Market by Type (Dairy Milk Powder and Non-Dairy Milk Powder); by Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Online Retail Stores, Other Distribution Channels), and by Geography.

 

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Report

Description

Milk Products Market size was valued at USD 27,883.3 million in 2021 and is projected to reach USD 39,086.1 million by 2028, growing at a CAGR of 4.6% during forecast period 2022-28. Milk powder, also known as dried milk, is a dairy product that is prepared by dehydrating liquefied milk through a series of drying operations until it is reduced to a powder. Dry Milk Products Market has a much longer shelf life than liquid milk and does not need to be refrigerated, which is one of the reasons for drying it. Because of its lengthy shelf life and ready-to-use qualities, milk powder is popular among consumers. The dry milk powder is convenient to carry when travelling and may be used simply by combining it with water. Also, with the help of science and technology milk powder can be made with all the natural properties of milk such as flavor, color, solubility, and nutritional value. As a result, the worldwide dry milk powder market is being driven by the flavour and nutritional value of dry milk powder. By 2020, more than half of the world’s population will be living in cities, boosting the demand for ready-to-use products. In the city, it is difficult to obtain fresh milk on a daily basis, and consumers are unable to obtain fresh food on a daily basis due to a busy lifestyle and excessive working hours. As a result, demand for packaged food products is rising over the world, propelling the worldwide milk powder market forward. Furthermore, infant food makers have a high need for dry milk powder because they use a lot of it in their goods. Whey powder is in high demand among nutritional food and supplementary food product manufacturers since it includes a lot of nutrition. As a result, the worldwide dry milk powder market is being fueled by the nutritional and supplementary food industry. The development of modern technology in milk powders, which helps to keep the nutritious content of milk even after drying and also contains very tiny amounts of fat, making it low in calorie content, is attracting people’s attention to milk powder use.  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.

Milk Products Market

MARKET SUMMARY
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4.6%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR–4.6%
  • Largest Market– Europe
  • Fastest Growing Market– Asia Pacific

Milk Products Market

  • The report on global milk products market gives historical, current and future market sizes (US$ Mn) based on the basis of by type, distribution channel and region.
  • The milk products market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Danone
  • Lactalis
  • Fonterra
  • Dean Foods
  • Arla Foods
  • Kraft Foods
Milk Products Market Growth

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.


Asia-Pacific Got Significant Share

Milk Products Market

The functioning of domestic markets in developing nations is influenced by global milk prices and milk imports. Improvements in processing and shipping technologies, decreased transportation costs, and the use of export subsidies have boosted worldwide milk powder trade, though not to the same extent as meat. For milk powder imports, developing countries such as India and China, as well as African countries, rely on Europe. China's proportion of EU exports has dwindled marginally, with the United States, Hong Kong, and Saudi Arabia trailing behind in milk powder shipments. The milk powder market in developing nations, such as Asia-Pacific, has a large potential for expansion, since several expanding economies, such as China, India, and Japan, rely heavily on milk powder imports to meet their growing dairy needs. Danone, on the other hand, dominates the market in South America, the Middle East, and Africa.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market 2017-2021 and Forecast 2022-2028
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Milk Products Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The milk products market is projected to expand at a CAGR of 4.6% during the forecast period..

Nestle, Danone, Lactalis, Frieslandcampina, Fonterra, Dean Foods, Arla Foods

Asia Pacific is the fastest-growing region for milk products market


Report

Table Of Content


Report

Company Profile

  • Nestle
  • Danone
  • Lactalis
  • Frieslandcampina
  • Fonterra
  • Dean Foods
  • Arla Foods
  • Dairy Farmers of America
  • Kraft Foods

Description

Milk Products Market size was valued at USD 27,883.3 million in 2021 and is projected to reach USD 39,086.1 million by 2028, growing at a CAGR of 4.6% during forecast period 2022-28. Milk powder, also known as dried milk, is a dairy product that is prepared by dehydrating liquefied milk through a series of drying operations until it is reduced to a powder. Dry Milk Products Market has a much longer shelf life than liquid milk and does not need to be refrigerated, which is one of the reasons for drying it. Because of its lengthy shelf life and ready-to-use qualities, milk powder is popular among consumers. The dry milk powder is convenient to carry when travelling and may be used simply by combining it with water. Also, with the help of science and technology milk powder can be made with all the natural properties of milk such as flavor, color, solubility, and nutritional value. As a result, the worldwide dry milk powder market is being driven by the flavour and nutritional value of dry milk powder. By 2020, more than half of the world’s population will be living in cities, boosting the demand for ready-to-use products. In the city, it is difficult to obtain fresh milk on a daily basis, and consumers are unable to obtain fresh food on a daily basis due to a busy lifestyle and excessive working hours. As a result, demand for packaged food products is rising over the world, propelling the worldwide milk powder market forward. Furthermore, infant food makers have a high need for dry milk powder because they use a lot of it in their goods. Whey powder is in high demand among nutritional food and supplementary food product manufacturers since it includes a lot of nutrition. As a result, the worldwide dry milk powder market is being fueled by the nutritional and supplementary food industry. The development of modern technology in milk powders, which helps to keep the nutritious content of milk even after drying and also contains very tiny amounts of fat, making it low in calorie content, is attracting people’s attention to milk powder use.  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.

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