Changes in preferences with a fast-paced lifestyle, its high nutritional value, & rise of retail network in developing economies drive the growth of the market.

PORTLAND, OR, UNITED STATES, September 21, 2020 /EINPresswire.com/ -- Milk Powder Market by Type (Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk Powder, Fat-Filled Milk Powder, and Other Milk Powder) and Application (Nutritional Food, Infant Formulas, Confectionaries, Baked Sweets, Savories, and Others): Global Opportunity Analysis and Industry Forecast, 2018–2025." According to the report, the global milk powder industry generated $27.78 billion in 2017, and is expected to reach $38.08 billion by 2025, registering a CAGR of 4.4% from 2018 to 2025.

Get Detail Analysis – Download Research Report: https://www.alliedmarketresearch.com/request-sample/3396

COVID-19 Scenario

Owing to lockdown imposed by governments during the COVID-19 pandemic, restaurants and hotels have been closed down. So, the demand from these end users has been reduced considerably, which in turn, affected the overall revenue.

Moreover, reluctance of consumers to consume cold products such as yogurt, flavored milk, and ice-cream during the crisis affected the sales of milk powder. Logistical challenges also impacted sales.

The import and export activities have been banned by some countries, and this led to the piling up of inventories in storage facilities of milk powder producers. Moreover, funds have been getting stuck in this process, so they are not able to make new investments.

Changes in preferences with fast-paced lifestyle, its high nutritional value, and rise of retail networks in developing economies drive the growth of the global milk powder market. However, dieting trends and availability of additives hinder the market growth. On the other hand, usage of organic ingredients and development of new flavors present new opportunities in the coming years.

Based on type, the whole milk powder segment contributed to the highest market share in 2017, accounting for more than half of the global milk powder market, and is expected to maintain its highest contribution during the forecast period. This is attributed to high number of calories and major ingredients in food that require thick consistency. However, the skimmed milk powder segment is estimated to register the fastest CAGR of 5.3% from 2018 to 2025, owing to popularity of health-conscious consumers for its low-calorie content.

Enquire For More Details: https://www.alliedmarketresearch.com/purchase-enquiry/3396

Based on application, the confectionaries segment accounted for nearly two-fifths of the global milk powder market in 2017, and will maintain its lead position in terms of revenue by 2025. This is due to product innovations in terms of processing, formulations, and packaging. However, the infant formulas segment is projected to portray the highest CAGR of 5.7% from 2018 to 2025, owing to viable alternatives for working mothers to feed their babies.

Based on region, LAMEA, followed by North America, is estimated to register the fastest CAGR of 5.5% during the forecast period. This is attributed to surge in dependency on packaged items and increase in consumption of infant formula. However, Asia-Pacific held the largest market share in 2017, contributing to more than two-fifths of the total share of the global milk powder market, and will maintain its dominance during the forecast period. This is due to changes in lifestyle and penetration of internet and social media leading to ease in availability of processed and packaged food.

Top Key Players: Arla Foods amba, Dairy Farmers of America Inc., Danone, Dean Foods Company, Fonterra Co-operative Group, Kraft Foods Inc., Lactalis Group, Nestle S.A, Saputo Inc., and Schreiber Foods Inc.

Access Full Report Summary: https://www.alliedmarketresearch.com/milk-powder-market

Key findings of the Milk Powder Market:
In terms of value, the skimmed milk powder segment is expected to grow at a CAGR of 5.3% during the forecast period.
Asia-Pacific region is expected to dominate the market, registering a significant CAGR of 4.2% in terms of value.
LAMEA region is projected to show exponential growth throughout the forecast years, growing at a CAGR of 5.5%, in terms of value.
The confectioneries segment by application is anticipated to dominate global milk powder market, registering a CAGR of 3.5%.
Whole milk powder segment by type accounted for more than half of the global milk powder market in 2017.

Similar Reports:

Hard Seltzer Market Analysis and Industry Forecast 2021–2027

West Africa tea market is projected to reach $2.6 billion by 2027

Instant Coffee Market Analysis and Industry Forecast, 2020-2027

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn