Whole Milk Powder Market – Overview
The global Whole Milk Powder Market is expected to register 5.26% CAGR from 2019 to 2024 and reach USD 23.34 billion by the end of 2024. The demand for healthy convenience milk and dairy products is increasing. The whole milk powder is convenient as there is take extra care to preserve milk and it has better shelf life compare to liquid milk. The number of women and men working is on increase, so need for such convenience is the need of the day. The trend of making dairy confectioneries, with healthy ingredients is easy to make dairy products which will increase the sales of whole milk powder in upcoming years. Countries where there is shortage of milk resources, nutritional dairy alternatives are preferred which is creating an opportunity for key players to penetrate the market.
The outlook of the emerging markets transportation services industry is strong which will play a key role in Whole Milk Powder Market in upcoming years. Emerging markets are expected to grow at a rate significant rate from last few years, as logistics and manufacturing costs continue to rise in traditionally popular areas such as China, new emerging markets take on increasing importance for the supply chain. Australian manufacturers produce a range of whole milk powders. The technology used in the production has seen the range of specifications available from Australian manufacturers expand in line with customers’ needs which will play key role in upcoming years.
Whole Milk Powder Market - Competitive Analysis
The key players profiled in whole milk powder are Arla Foods amba (Denmark), Dairy Farmers of America Inc. (US), Danone S.A. (France), Dean Foods Company (US), Fonterra Co-operative Group (New Zealand), Kraft Foods Group, Inc. (US), Lactalis Group (France), Nestlé S.A. (Switzerland), Saputo Inc. (Canada), Schreiber Foods Inc. (US), Adiplus S.A.C. (US)
Global Whole Milk Powder Market – Segments
The global whole milk powder market has been divided into process, packing type, packaging, application and region.
On The Basis Of Process: Spray drying, Freeze drying, Evaporation and others
On The Basis Of product type: Vaccum packing, Nitrogen packing, and others
On The Basis Of Application: Bakery, Confectionery, Dairy, Infant formula and others
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/whole-milk-powder-market-1831
Whole Milk Powder Market - Regional Analysis
APAC will witness maximum growth in the confectionery application followed by North America. Likewise, volume wise market size will continue to be higher under APAC region major share. With increasing disposable incomes in India and China and growing demand for infant formula and dairy products will drive higher demand for whole milk powder. Europe will witness maximum growth in the bakery application followed by APAC. Likewise, volume wise market size will continue to be higher under APAC region with major market share.
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.