Global Milk Powder Market By Type (Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk Powder, Fat-Filled Milk Powder, Others), Application (Nutritional Food, Infant Formulas, Confectionaries, Baked Sweets, Savouries, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Milk Powder Market
Global milk powder market is expected to rise to register a steady CAGR of 4.90% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the changing lifestyles combined with high nutritional value of the product.
Market Definition: Global Milk Powder Market
Milk powder is a dairy product that is produced from drying and dehydration of milk. Milk powder has a higher shelf life and can be preserved for a long duration unlike liquid/fluid milk. In order to eradicate the possibility of bacteria growth, milk is pasteurised under regulated temperatures before being transformed into milk powder. Milk powder has nutritional benefits and is rich in various vital minerals and vitamins including calcium, zinc, magnesium, and vitamins A, E, K and D. Due to its high nutritional content it has wide application in infant food, nutritional food, confectionaries, sweets amongst a few others.
- Greater shelf life and long preservation capabilities of milk powder boosts the growth of this market
- Easy transportation and low storage costs associated with milk powder also accelerates the growth of this market
- Rising applicability in various food substances due to their nutritional benefits such as infant food, nutritional food, confectionaries, sweets also boosts the growth of this market
- Addition of preservatives in milk powder in order to enhance its shelf life restrains the growth of this market
- Adulteration of milk also hampers the growth of this market
- Stringent regulations imposed by various international bodies on infant food also hinders the growth of this market
Segmentation: Global Milk Powder Market
- Whole Milk Powder
- Skimmed Milk Powder
- Dairy Whitener
- Buttermilk Powder
- Fat-Filled Milk Powder
- Nutritional Food
- Infant Formulas
- Baked Sweets
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
Key Developments in the Market:
- In March 2019, Yili Company has acquired the business of Westland Milk Products. This acquisition would help Yili expand its operations globally, extend its product portfolio and enrich from Westland Milk Products expertise. Yili would scale its operations not only to meet Asia-Pacific needs but to spread its wings across the globe. The combination of two dairy giants would accelerate the growth of this market.
- In May 2017, Ausnutria entered into an affirmative agreement to acquire the entire business of Australian Dairy Park (ADP). This acquisition would include the entire business operations, which include production, packaging & selling of dairy products and milk powder, along with R&D activities. Ausnutria would also acquire a 50% stake in Ozfarm business, the manufacturer of ADP. This acquisition would scale Ausnutria’s operation, increase their production capacity and able to it provide its products across the globe.
Competitive Analysis: Global Milk Powder Market
Global milk powder market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of milk powder market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Milk Powder Market
Few of the major competitors currently working in the global milk powder market are Fonterra Co-operative Group, Nestlé, GCMMF, Arla Foods amba, China Mengniu Dairy Company Limited, DAIRY FARMERS OF AMERICA, Dean Foods., Land O'Lakes, Inc., MORINAGA MILK INDUSTRY CO.,LTD., Ausnutria Dairy Corporation Ltd., Parmalat S.p.A., SODIAAL, Synlait Ltd, Schreiber Foods, Saputo Inc., Milkfood Limited, Freddy Baines n.v., Kaskat, Param Dairy Limited, Medallion Milk, Lakeland Dairies, Interfood Holding B.V., Nova Dairy and Alban Company Qatar amongst others.
Research Methodology: Global Milk Powder Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure