Brand Story
30 Sep 2022, 09:15 GMT+10
The milk powder market is expected to surpass market valuation of USD 34.5 Bn in 2022 and it is expected to grow at a CAGR of 4.5% by 2022 - 2032. Milk powder sales are likely to account for ~5.2% of the demand in the global dairy products market, valued at USD 34.5 Bn in 2022.
Milk powder is manufactured from several types of milk, which determines its content. After using spray drying or roller drying method we get the milk powder which makes the product is simple to store and carry, lowering storage and transportation expenses.
In addition, one cup of milk powder has four times the nutritional value of a cup of liquid milk. A scoop of skim milk powder can offer 30% of your daily calcium needs, as well as other critical minerals including selenium, phosphorous, magnesium, potassium, and zinc. It also helps with weight loss and is low in cholesterol, making it an excellent nutraceutical for treating heart disease and obesity.
Thus, the milk powder market is expected to show significant growth owing to the growing demand for shelf stable functional foods.
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Key Takeaways from Market Study
"The milk powder market will grow significantly as huge number of consumer base are having busy lifestyle which is resulting into increase in adoption of packaged food products.", says a Future Market Insights analyst.
Competitive Landscape
The key players involved in the milk powder market are continuously expanding their product portfolio in order to gain competitive advantage in the market. In addition to this, these key players are also involving into merger and acquisition activities in order to reduce the competition and increase their hold on to the market.
For instance -
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Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global Milk Powders market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
Milk Powder Market by Category
By Type, Milk Powder Market is segmented as:
By Application, Milk Powder Market is segmented as:
By Distribution Channel, Milk Powder Market is segmented as:
By Region, Milk Powder Market is segmented as:
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The report covers exhaustive analysis on:
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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The post Milk Powder Market Potential Growth, Share, Demand and Analysis of Key Players - Forecasts to 2032 appeared first on Future Market Insights.
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