The ‘Global Whole Milk Powder Market Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global whole milk powder market size, assessing the market on the basis of its segments like end uses and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): Around 620 Million Tons
- Forecast CAGR (2023-2028): 3.1%
One of the major factors driving the whole milk powder market growth is the wide number of functional properties offered by milk powder. This is expanding its use in numerous food and beverage applications, including hydration, colour emulsification, foaming and thickening, and dispersibility. In addition, whole milk powder is used in the production of baked goods, breakfast cereals, chocolates, coffee whiteners, dairy-based desserts, milkshakes, soups and sauces, and toffees, among others.
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Whole milk powder is more convenient as it can be stored for up to 18 months at room temperature, whereas liquid milk has a much shorter shelf life. As a result, the extended shelf stability of the product makes it a more practical option.
Key market players are introducing distinctively packaged whole milk powders made with organic ingredients and added nutrition. Furthermore, the increasing investments by leading companies to enhance their production capability are propelling the whole milk powder market value.
Industry Definition and Major Segments
Whole milk powder is a rich and full-fat milk powder made by evaporating water from pasteurised milk. It has a creamy consistency, and it is filled with nutrients. It can be reconstituted, and the resulting liquid can be used to prepare dairy-based items including cereal, tea, and desserts.
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Based on end use, the market can be segmented into:
- Infant Formula
The major regions in the global whole milk powder market include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Whole Milk Powder Market Trends
Due to the high customer inclination for packaged food products and the expansion of the whole milk powder market players, North America accounts for a significant share in the market. With the rising popularity of infant formula and dairy products, the USA dominates the regional market in terms of production and consumption.
Consumers are increasingly surging the intake of milk powder due to its high calcium content and positive impacts on immune, bone, and oral health. Advancements in cutting-edge technology are leading to the development milk powders with excellent nutritional profile and extremely low traces of fat, making them appealing among health-conscious consumers.
Whole milk powder promotes a healthy heart while helping people lose or maintain their weight. In addition, due to the high protein content of whole milk powder, it supports the development and maintenance of lean muscles and is widely preferred by athletes.
Key Market Players
The major players in the whole milk powder market report include Lactalis International, Nestle SA, Dairy Farmers of America, Danone SA, and Fonterra Co-operative Group, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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