Global Milk Powder Market Expected to Reach US$ 44.96 Billion by 2030 with Notable CAGR of 4.89% During 2024-2030

Dublin, Jan. 23, 2024 (GLOBE NEWSWIRE) -- The "Global Milk Powder Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis" report has been added to's offering.

The launch of a comprehensive analysis of the Global Milk Powder Market projects significant growth and widespread adoption across various sectors. This extensively detailed report underscores the crucial role of milk powder as a fundamental ingredient within the food industry and its expected valuation rise to US$ 44.96 billion by the year 2030.

In light of the rising demand for shelf-stable dairy alternatives, the report offers an in-depth exploration of market dynamics, including consumer trends, technological innovations, and the strategic positioning of key industry stakeholders.

Market Dynamics and Growth Factors

  • An increase in global urbanization and a surge in disposable incomes have catalyzed the market growth of milk powder, with a particular emphasis on the convenience and nutritional value it offers.
  • Skimmed milk powder (SMP) has emerged as a growing segment, thriving on the demand for low-fat dairy products among health-conscious consumers.
  • The confectionery sector represents the largest application area for milk powder, leveraging its attributes to enhance the quality and stability of various sweet treats.
  • Regional analysis places the United States as a prominent contributor to the milk powder market, driven by its robust dairy infrastructure and strategic industry practices.

In this thorough analysis, applications extend beyond common perceptions of milk powder use in just nutritional foods and infant formulas. Instead, the market extends significantly into confectioneries, baked goods, savories, and other innovative domains, evidencing the product's adaptability and key role in diversified culinary ventures.

Consumer Trends and Strategic Insights

  1. The growing inclination towards nutritious, ready-to-consume dairy products continues to shape industry trends.
  2. Factors such as the long shelf life of milk powder, coupled with its ease of storage and transportation, particularly in regions with limited access to fresh milk, contribute significantly to consumer preferences.
  3. Milk powder's role in addressing nutritional deficiencies in vulnerable populations has been recognized, highlighting its importance in food security and health initiatives.

The report delivers an analytical perspective on the size, share, and growth trajectory of the global milk powder market, outlining vital insights that influence industrial trends, market shares, and growth implications in the forecast period from 2024 to 2030. Strategic evidence from competitive landscapes points towards potential for new entrants and the sustenance of existing market leaders.

Scope of Research and Methodology

The extensive market study has been conducted with rigorous research methodologies encompassing detailed segmentation by type and application. The country-level analysis covers major markets around the globe, providing a granular view of the competitive environment and market penetration within diverse economies. The insightful findings from leading market entities contribute towards a holistic understanding of market dynamics and strategic directions for stakeholders.

This pivotal analysis serves as an indispensable resource for industry participants, investors, analysts, and other stakeholders, offering a clear perspective on the potentials and benchmarks of the milk powder market globally.

With a solid forecast and an array of strategies employed by key players outlined, this report is pivotal for understanding the current state and future outlook of the Global Milk Powder Market.

Key Attributes:

Report AttributeDetails
No. of Pages190
Forecast Period2023 - 2030
Estimated Market Value (USD) in 2023$32.19 Billion
Forecasted Market Value (USD) by 2030$44.96 Billion
Compound Annual Growth Rate4.8%
Regions CoveredGlobal

Companies Mentioned

  • Nestle (Switzerland)
  • Danone
  • Saputo Inc.
  • Arla Foods amba
  • The Kraft heinz company (U.S)
  • Royal FrieslandCampina N.V.
  • Land O'Lakes, Inc
  • China Mengniu Dairy Company Limited
  • Ausnutria Dairy Corporation Ltd. (Netherlands)

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Global Milk Powder Market

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