GLOBAL MILK POWDER MARKET TO REACH 12.5 MILLION TONS BY 2024.

Market-Research

Milk powder is a dairy product which is made by drying or evaporating the moisture from the fluid milk. This is done in order to preserve it and increase its shelf life. Due to the low moisture content, it does not require any refrigeration. Owing to the intrinsic functional properties of milk powder, it is used as a food ingredient in value-added foods such as bakery, confectionery, sports and nutrition foods, meat products, etc.

Get a Free Sample Report: https://www.expertmarketresearch.com/request?type=report&flag=B&id=22

Besides this, ease of storage and transportation along with low distribution costs of milk powder have augmented its demand all around the world, particularly in the regions where milk production is almost insignificant and places with poor transport facilities. Moreover, growing population, rising disposable incomes and increasing adoption of powdered milk as a substitute to regular milk have induced the growth of the global milk powder market. According to a new report by Expert Market Research, the market reached a volume of 10 Million Tons in 2018 and is expected to reach 12.5 Million Tons by 2024. Despite currently experiencing a moderate growth, the market is anticipated to witness a strong growth in developing markets in the near future.

To view the report summary and Table of Contents, click on it: https://www.expertmarketresearch.com/reports/milk-powder-market

Key findings from the report:

Various types of milk powder available in the market include skimmed milk powder, whole milk powder and dairy whitener. In 2018, whole milk powder accounted for the majority of the total global milk powder production. It was followed by skimmed milk powder and dairy whitener.
The major end-use sectors of milk powder include infant food, confectionery, sports and nutrition foods, bakery products, dry mixes, fermented milk products, meat products and others.
Some of the major markets for milk powder include Asia-Pacific, North America, Europe and others.
The global milk powder market is surrounded by a number of small and big players. Some of the key players include Nestle, Danone, Lactalis, Fonterra and Friesl and Campina.

Expert Market Research has analysed the global milk powder market according to type, end-use, major regions and top players:

Market breakup by Type

Skimmed milk powder
Whole milk powder
Dairy whitener

Market breakup by End-use

Infant Food
Confectionery
Sports and Nutrition Foods
Bakery Products
Dry Mixes
Fermented Milk Products
Meat Products
Others

Market breakup by Region

Asia-Pacific
North America
Europe
Others

Top players

Nestle
Danone
Lactalis
Fonterra
FrieslandCampina

About Us:

EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Expert Market Research
Twitter: @expertmresearch
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
USA/Canada: +1-415-325-5166 | UK: +44-702-402-5790
LinkedIn: https://www.linkedin.com/company/expert-market-research/

Submitted 5 years 4 months ago by Expert Market R....