The
diets of people in emerging markets, such as Asia Pacific, are
shifting towards dairy-rich tastes. This shift has fuelled the demand
for milk powder as an alternative to fresh milk. Milk powder is the
dehydrated form of milk obtained through evaporation. Before drying,
pasteurized milk is homogenized and pre-concentrated. In recent
times, milk powder has increased as a share of dairy products.
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Most
of the global demand for this dairy product is fulfilled by the top
dairy exporting regions across the globe. For instance, the European
Union, which leads the market in world’s dairy exports, produced
nearly 8 mn tons of milk powder in 2015 of which the majority was
exported in consumer packs or bulk packing. India, which is the
world's largest producer of milk, is also the leading exporter of
skimmed milk powder.
The
report presents a detailed overview of the global milk powder market
through definitions, classifications, industry chain structure, and
applications. It offers insights into short-term and long-term market
growth by analyzing its historical data and current market scenario.
It gives an in-depth analysis of the competitive landscape of the
global milk powder market. The profile of key companies along with
their capacity, cost, product specifications, latest developments,
and contact information are also discussed in the report.
Overview
of the Global Milk Powder Market
The
primary appeal of milk powder is the increased shelf life it offers
due to less moisture content. Longer shelf life is desirable in
places with extreme temperature and poor transport facilities. The
reduced transportation and storage costs associated with milk powder
fuels the growth of the global milk powder market. Moreover, the
rising disposable income of population living in emerging nations and
increasing adoption as an alternative to milk are likely to boost the
demand for milk powder.
The
growth of the global
milk powder market is anticipated to be hampered with the growing
concerns for ultra-high temperature (UHT) milk. Whole milk powder has
all the nutrients present in milk, except vitamin C, vitamin B12,
thiamin, and a reduced amount of protein. Moreover, the 2008 Chinese
milk scandal, in which hundreds of infants died due to the
consumption of adulterated powdered milk, has led to the development
of stringent regulations regarding milk powder in many countries
including China. These regulations coupled with globally declining
prices of dairy products pose a challenge to the manufacturers,
thereby impeding the growth of the global milk powder market.
The
global milk powder market is segmented on the basis of type,
applications, and geography. The key regions studied are Asia
Pacific, Europe, North America, and Rest of the World (RoW).
Globally, New Zealand is the leading exporter of milk powder. The
U.S. is the leading producer of milk powder, however, a large part of
the volume is consumed domestically. China and France are also among
the largest markets for powdered milk.
By
type, the global milk powder market is segmented into dry whey
products, dry dairy blends, dry buttermilk, dry whole milk, and
nonfat dry milk. Based on application, the market is segmented into
infant formulas, nutritional foods, confectionaries, and baked sweets
and savories.
Companies
Mentioned in the Global Milk Powder Market
Some
of the key companies in the global milk powder market are Kraft
Foods, Belgomilk, Unilever, Nestle, and Friesland Campina.
Global
Milk Powder Market, by Type
- Dry Whey Products
- Dry Buttermilk
- Dry Whole Milk
- Dry Dairy Blends
- Nonfat Dry Milk
Global
Milk Powder Market, by Application
- Nutritional Foods
- Infant Formulas
- Confectionaries
- Baked Sweet and Savories
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