Instant global dry whole milk powder market Holds 30.8% of Total market Share by the end of 2022
Dry whole milk powder exhibits longer shelf life than fresh milk. It is because of this reason, people across the globe are adopting dry milk powder as a subsequent alternative to cater their milk requirement. Owing to this paradigm shift of the preference, the global dry whole milk powder market is expected to witness a substantial growth in coming years says the latest report on by Transparency Market Research. Moreover, the growth of the market is also attributed to product innovation such as high proteins to the milk powder and low fat milk powder are further expected to boost the market growth.
- Hefty Revenue Generation to be Showcased by Market
According to the report, the global dry whole milk powder market is expected to expand at the CAGR of 4.6%. This growth of the market is the result of rising demand of milk powder in food and beverage industry especially in bakery sector. Moreover, the strong hold of small players that contribute to large portion of market share also add to this rapid growth of the market.
For Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=30746
The global dry whole milk powder market exhibits a fragmented landscape as there are various small and large players operating. However, the market is majorly dominated by small players who have created a niche for themselves and contribute a major portion of the changing dynamics such as price, quality, and grade of dry whole milk powder.
On the other hand, large players though comparatively less but plays a crucial role in the growth of global dry whole milk powder market. These players bring innovations and advanced techniques to produce dry whole milk powder at large scale in the market.
The study presented here is based on a report by Transparency Market Research (TMR), titled, “Dry Whole Milk Powder Market (Product Type - Regular, Instant, UHT, Caramelized, and Organic; Sales Channel - Modern Trade, Traditional Grocery, Convenience Stores, Online Channels, and Direct Sales; Application - Home Reconstitutions, Dairy Whiteners, Bakery and Confectionery, Desserts, Ice-cream, Dairy Blends, Snacks, and Nutritional Supplements) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022.”
REQUEST FOR COVID19 IMPACT ANALYSIS
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=30746
Moreover, the market is expected to reach to the value of US$ 12, 761.1 mn by the end of 2022. Also, historical analysis of the market shows that market valued US$ US$10, 2015.3 mn in 2016. The revenue generation of the market is expected to ride upon the opportunities like rising demand of dry whole milk powder in various cuisines across the globe.
The extended shelf life of dry milk powder that addresses perishability concerns of fresh dairy products is a key factor driving sales of powdered milk. Milk powder can be stored up to one year without substantial loss of quality. Milk powder is particularly desirable for areas that are subject to temperature extremities and for areas that do not have reliable cold chains for transport of perishable dairy products.
The low volume and low weight advantages of milk powder over milk that are easy to transport are also acting in favor of the growth of dry whole milk powder market. In addition, changing lifestyle in emerging nations of Asia Pacific driving sales of bakery and confectionery products is also exhibiting a demand for dry whole milk powder for preparation of these items.
According to a report by Transparency Market Research, the global dry whole milk powder market is expected to expand at a CAGR of 4.6% vis-à-vis revenue between 2017 and 2022. At this pace, the market will attain a valuation of US$12,761.1 mn by the end of 2022 from US$10, 2015.3 mn in 2017.
For More Information :