Global Milk Powder Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Milk Powder Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global milk powder market report has been segmented on the basis of type, application, and region.

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Global Milk Powder Market: Overview

Milk powder is dairy product and made by evaporating regular milk into dryness. Milk powder is one of the good source of minerals and vitamins such as calcium, magnesium. The milk powder has low moisture content, longer shelf life without using refrigerator, and same nutritional composition as regular milk. Mostly, milk powder is used in the manufacturing of chocolates, candies, and Indian sweets. These are also used for making shake, tea or coffee. In addition, the milk powder is very cost-effective and easy to store.

Global Milk Powder Market: Dynamics

Growing use of milk powder in dairy products and presence of nutrients such as thiamin, vitamin C, vitamin B12, and protein are major factors is expected to drive the global market. In addition, reduced storage and transportation costs associated with milk powder which in turn increasing demand for milk powder. Growing consumer preference for healthy lifestyle, and growing population, coupled with high spending capacity are some other factors expected to support growth of the global milk powder market in the next coming years. Furthermore, rising production and consumption of milk powder-based products is another factor expected to boost growth of the target market in years to come.

However, addition of adulteration, preservatives, and strict regulations associated to baby food are factors which may have negative impact on growth of the target market.

Global Milk Powder Market: Segment Analysis

Among the type segments, the whole milk powder segment is expected to register significant share in terms of revenue in the global market. This is primarily due to its higher calories, nutritional benefits, and rising adoption in infant food.

Among the application segments, the confectionaries segment is expected to account for major revenue share contribution in the global market, due to high purchasing of food items, changing consumers taste and preferences, growing retail, and increasing trend of gifting confectionery items.

Global Milk Powder Market: Region Analysis

The North America market are expected to account for significant share in terms of revenue share in the global market, followed by Europe market. This is due to increasing consumer awareness regarding the benefits of milk powder and growing demand for milk powder and its product. The Asia Pacific market is expected to register highest CAGR in terms of revenue over the forecast period, owing to rapid urbanization, increasing working population, change in lifestyle, rising consumption and production of milk powder products in countries such as China and India. Rising affluent population, coupled with increasing penetration of online shopping and social media which drive the consumption of packaged and processed food are factors expected to drive growth of the target market in the region. Latin America and Middle East & Africa markets are expected to register moderate growth rate over the forecast period, due to increasing consumption of infant formulas and changing consumer lifestyles.

Global Milk Powder Market Segmentation:

Segmentation by Type:

Whole Milk Powder
Skimmed Milk Powder
Buttermilk Powder
Dairy Whitener
Fat Filled Milk Powder

Segmentation by Application:

Nutritional Foods
Infant Formulas
Confectionaries
Baked Sweet and Savories