milk powder market

High amounts of proteins facilitate the growth in the global milk powder market.

PORTLAND, OREGON, UNITED STATES, December 6, 2023 /EINPresswire.com/ -- The global milk powder market 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. The report provides an extensive analysis of drivers & opportunities, changing market trends, competitive landscape, key segments, and market size & estimations.

Click Here For Instant PDF: https://www.alliedmarketresearch.com/request-sample/3396

Upsurge in usage of milk powder in infant foods and the presence of various nutrients including vitamin C, thiamin, vitamin B12, and high amounts of proteins facilitate the growth in the market. In addition, lowered storage and transportation costs supplement the growth in the global milk powder market. However, stringent regulations related to infant food, addition of preservatives, and adulteration hinder the growth of the market. On the other hand, advent of flavored milk powder creates new opportunities in the market.

Leading market players analyzed in the research include Arla Foods amba, Danone, Dairy Farmers of America Inc., Fonterra Co-operative Group, Dean Foods Company, Lactalis Group, Kraft Foods Inc., Saputo Inc., Nestle S.A, and Schreiber Foods Inc.

Make a Direct Purchase: https://www.alliedmarketresearch.com/checkout-final/d0685edefa65d2b2090c05bb6c777954

Whole milk powder contributed to more than half of the total market share in 2017 and is expected to maintain its leadership status by 2025. This is due to its characteristic being the most natural form of milk, demand from consumers requiring high calorie consumption, and usage in food items requiring thick consistencies. Skimmed milk powder would register the fastest growth with a CAGR of 5.3% from 2018 to 2025.

The confectionaries segment accounted for more than one-third of the total market share in 2017 and will dominate in terms of revenue throughout the forecast period. This is due to increase in demand for nutritional products and product innovations based on formulations, processing, and packaging. The infant formulas segment is expected to register the highest growth rate, with a CAGR of 5.7% from 2018 to 2025.

Get Your Report Customized: https://www.alliedmarketresearch.com/request-for-customization/3396

Asia-Pacific held the major share in the market in terms of revenue in 2017, contributing more than two-fifths of the total share, owing to increase in working population and surge in awareness of milk powder and its applications through online platforms. LAMEA is expected to grow at the highest CAGR of 5.5% during the forecast period, 2018–2025. This is due to surge in consumption of infant formulas, expansion by leading market players in the region, and changes in lifestyle preferences.

Related Reports:
Collagen Peptide and Gelatin Market: https://www.globenewswire.com/en/news-release/2022/02/08/2381009/0/en/Global-Collagen-Peptide-and-Gelatin-Market-Is-Expected-to-Reach-7-67-Billion-by-2030-Says-AMR.html

Sports Nutrition Market: https://www.prnewswire.com/news-releases/sports-nutrition-market-to-reach-67-9-bn-globally-by-2030-at-5-4-cagr-allied-market-research-301483548.html

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

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.