Milk Powder Market by type and Application, Opportunity Analysis and Industry Forecast
Milk Powder Market Overview:
The global milk powder market was valued at $27,783.3 million in 2017 and is projected to reach $38,086.1 million by 2025, growing at a CAGR of 4.4% from 2018 to 2025.
Milk powder is a dry dairy product, manufactured by dehydrating milk using evaporation. The purpose of making milk powder from milk is to increase the shelf life of milk without using the refrigerator. Various types of milk powder include whole milk powder, skimmed milk powder, dairy whitener, and other. It is widely consumed globally due to its nutritional benefits, which has found its application in infant formulas, confectionaries, baked desserts, and savory items.
Milk powder is a convenient option when compared to the conventional milk due to longer shelf life, better taste, and ease of use. Milk powder unlike the regular milk can be used without boiling. It comes in a packed bottle or plastic caches, and thus need to be stored in a different container. Increase in the use of milk powder in infant foods and the presence of several nutrients such as vitamin C, vitamin B12, thiamin, and high amounts of protein drive the growth of the milk powder market. Furthermore, reduced storage and transportation costs fuel the growth of the milk powder market. However, addition of preservatives, adulteration, and strict regulations related to infant food hinder the growth of the milk powder market. Development of flavored milk powder has led to new opportunities in the market.
The global milk powder market was valued at $27,783.3 million in 2017 and is projected to reach $38,086.1 million by 2025, growing at a CAGR of 4.4% from 2018 to 2025.
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Milk powder is a dry dairy product, manufactured by dehydrating milk using evaporation. The purpose of making milk powder from milk is to increase the shelf life of milk without using the refrigerator. Various types of milk powder include whole milk powder, skimmed milk powder, dairy whitener, and other. It is widely consumed globally due to its nutritional benefits, which has found its application in infant formulas, confectionaries, baked desserts, and savory items.
Milk powder is a convenient option when compared to the conventional milk due to longer shelf life, better taste, and ease of use. Milk powder unlike the regular milk can be used without boiling. It comes in a packed bottle or plastic caches, and thus need to be stored in a different container. Increase in the use of milk powder in infant foods and the presence of several nutrients such as vitamin C, vitamin B12, thiamin, and high amounts of protein drive the growth of the milk powder market. Furthermore, reduced storage and transportation costs fuel the growth of the milk powder market. However, addition of preservatives, adulteration, and strict regulations related to infant food hinder the growth of the milk powder market. Development of flavored milk powder has led to new opportunities in the market.
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