Global Milk Powder Market is segmented on the basis of Type as Dry Whey Products, Dry Buttermilk, Dry Whole Milk, Dry Dairy Blends, and Nonfat Dry Milk. The dehydrated form of milk that is derived via the process of evaporation is called milk powder. It is said that prior to the process of drying, the pasteurized milk is firstly normalized and pre-concentrated.
According to the present scenario, there has been a shift in the consumers’ preference from fresh milk to milk powder and that has in turn lead to the augmentation in the acceptance of the milk powder across the globe and it has attained a major share in the dairy products sector. Bakeries, confectioneries, infant formula, sports and nutrition foods are among some of the applications where milk powders are extensively used in the milk powder market. Milk powders encompassed skimmed milk powder, whole milk powder and dairy whiteners. The most striking part attached with this milk powder is that it offers improved shelf life because of the less moisture content in it and this particular property enables it to outshine other dairy products.
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The main objective behind producing the dried milk is to raise the shelf life so that it can be stored at room temperature and to lessen up the transportation and storage costs attached with it. The prominent factors that are responsible for the growth of the market include increase in the disposable income of population living in developing countries and rising adoption of the product as a substitute to milk.
The only factors that are acting as major hurdles in the growth of the market include rising concerns for ultra-high temperature milk and implementation of norms and regulations by the government authorities and falling prices and costs of dairy products. All these factors are turning great challenges for the producers. Another restraining factor that is also influencing the growth of the market is the rise in the awareness level regarding UHT milk. Milk Powder Market is segmented on the basis of Application as Nutritional Foods, Infant Formulas, Confectionaries, and Baked Sweet and Savories.
Milk Powder Market is segmented on the basis of geography as North America, Asia Pacific, Europe, and Rest of the World. As far as the geography is concerned, New Zealand is deemed as the leading exporter of milk powder. On the other hand, the United States is also leading as per the production of milk powder. A huge part of the volume is used up and consumed domestically.
On the other hand, Asia Pacific is also coming up as one of the promising regions. The countries like China and France are contributing in boosting up the market for powdered milk in the particular region. The key players operating in the Milk Powder Market include Unilever, Nestle, Kraft Foods, Belgomilk, and Friesland Campina.
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