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Global Milk Powder Market Volume to Reach 13.2 Million Tons by 2024, Growing from 10.4 Million Tons in 2018

/EIN News/ -- Dublin, Sept. 13, 2019 (GLOBE NEWSWIRE) -- The "Milk Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to's offering.

The global milk powder market reached a volume of 10.4 Million Tons in 2018. The market volume is further projected to reach 13.2 Million Tons by 2024, growing at a CAGR of more than 4% during 2019-2024.

In recent years, the demand for milk powder has increased as a number of countries have been unable to meet their rising milk demand and rely on imported milk which is generally procured in the form of milk powder.

Market Drivers/Constraints

Powdered milk has a longer shelf-life than liquid milk due to the presence of low moisture content. Owing to this, it can be easily stored at ambient temperatures, transported to remote locations without proper cold chain infrastructure, and used at times when milk production is low.

As milk powder has diversified applications in the food and beverage industry, the sustained growth of this industry has been proactive in stimulating its demand, particularly in the emerging regions such as China, India, Brazil, etc.

Milk powder offers the same nutritional value as regular milk, owing to which, it is used in sports nutrition products including nutrition bars and beverages. The increasing demand for these products, driven by growing fitness consciousness, has been catalyzing the milk powder market.

The governments of various nations have laid down stringent policies on taxation, duty structures, subsidies and export/import of milk powder which can have major implications on the bottom lines of milk powder producers and hinder the market growth.

Breakup by Product Type

On the basis of type, the market has been bifurcated into whole milk powder and skim milk powder. Amongst these, whole milk powder is the most popular product type and represents a commonly used ingredient in the food industry.

Breakup by Function

Based on function, the market has been segregated into emulsification, foaming, flavoring and thickening. Milk powder is used for emulsification in salad dressings, meat emulsions, soups, sauces, dairy beverages and baked goods; as foaming agent in the preparation of cakes, mousses and ice creams; as a flavoring agent in baked goods; and thickening agent in sauces, dairy beverages, yogurts, puddings and baked goods.

Breakup by Application

Based on application, confectionery dominates the global milk powder market, wherein milk powder is used in the production of malted milk, nougat centers, caramel confections, milk chocolates, soft sweets and various confection coatings. Other major application segments include infant formula, sports and nutrition foods, bakery products, dry mixes, fermented milk products, meat products and others.

Regional Insights

On a geographical front, the European Union is the largest producer of milk powder worldwide and accounts for more than a fifth of the total global market. Other major regions are New Zealand, China, the United States and Brazil.

Key Topics Covered

1 Preface

2 Scope & Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Milk Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Production Volume Trends
5.2.2 Consumption Volume Trends
5.3 Price Trends
5.4 Market Breakup by Region
5.5 Market Forecast

6 Global Milk Powder Industry
6.1 Market Overview
6.2 Market Performance
6.2.1 Production Volume Trends
6.2.2 Production Value Trends
6.3 Price Analysis
6.3.1 Key Price Indicators
6.3.2 Price Structure
6.3.3 Price Trends
6.4 Market Breakup by Product Type
6.5 Market Breakup by Function
6.6 Market Breakup by Application
6.7 Market Breakup by Region
6.8 Market Forecast
6.9 SWOT Analysis
6.10 Value Chain Analysis
6.10.1 Raw Material Procurement
6.10.2 Manufacturing
6.10.3 Marketing
6.10.4 Distribution
6.10.5 Exports
6.10.6 End-Use
6.11 Porter's Five Forces Analysis
6.12 Key Success Factors and Risk Factors

7 Market Breakup by Product Type
7.1 Whole Milk Powder
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Skimmed Milk Powder

8 Market Breakup by Function
8.1 Emulsification
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Foaming
8.3 Flavouring
8.4 Thickening

9 Market Breakup by Application
9.1 Infant Formula
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Confectionery
9.3 Sports and Nutrition Foods
9.4 Bakery Products
9.5 Dry Mixes
9.6 Fermented Milk Products
9.7 Meat Products
9.8 Others

10 Market Breakup by Region

11 Competitive Landscape
11.1 Market Structure
11.2 Key Players

12 Milk Powder Manufacturing Process
12.1 Product Overview
12.2 Detailed Process Flow
12.3 Various Types of Unit Operations Involved
12.4 Mass Balance and Raw Material Requirements

13 Project Details, Requirements and Costs Involved
13.1 Land Requirements and Expenditures
13.2 Construction Requirements and Expenditures
13.3 Plant Machinery
13.4 Machinery Pictures
13.5 Raw Material Requirements and Expenditures
13.6 Raw Material and Final Product Pictures
13.7 Packaging Requirements and Expenditures
13.8 Transportation Requirements and Expenditures
13.9 Utility Requirements and Expenditures
13.10 Manpower Requirements and Expenditures
13.11 Other Capital Investments

14 Loans and Financial Assistance

15 Project Economics
15.1 Capital Cost of the Project
15.2 Techno-Economic Parameters
15.3 Product Pricing and Margins Across Various Levels of the Supply Chain
15.4 Taxation and Depreciation
15.5 Income Projections
15.6 Expenditure Projections
15.7 Financial Analysis
15.8 Profit Analysis

16 Key Player Profiles
16.1 Nestle
16.2 Danone
16.3 Lactalis
16.4 Fonterra
16.5 FrieslandCampina
16.6 Dean Foods
16.7 Arla Foods
16.8 Dairy Farmers of America
16.9 Kraft Foods
16.10 Saputo
16.11 Parmalat

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