According to the report Milk Powder Market, published by Market Data Forecast, the Global market is projected to reach USD XX million by 2021, at a CAGR of XX% from 2016 to 2021.
Dairy products are becoming more appealing to consumers these days. Milk being costly has resulted in a demand shift towards milk powder. Milk is evaporated to yield milk powder. The share of milk powder in the dairy market has increased considerably over the past few years.
Milk Powder Market: Drivers & Restraints Longer shelf life, reduced transportation costs, economical storage, rising disposable incomes in emerging economies and a demand shift from milk towards milk powder are the primary drivers of this market. Rising concerns regarding Ultra high temperature milk (UHT), recurring hazards and deaths of children due to consumption of adulterated milk powders and controversies erupting due to it are the primary restraints of the market.
Milk Powder Market: Overview Dry whole milk is the largest segment by type and is likely to maintain its position in the aforementioned forecast period. Infant formula in application segment is anticipated to maintain is lead in the market in the future.
Europe leads the world market and it produces near about 8 million tons of milk powder every year. India on the other hand is also the worlds largest producer of milk also exports milk powder. In Asia Pacific New Zealand is the leading exporter and producer of milk powder. In North America, US is the leading producer of milk powder but most of it is consumed in the country itself.
Milk Powder Market: Key Players Nestle (Switzerland), Danone (France), Lactalis (France), Frieslandcampina (Netherlands) are the major players in the market. Other companies in the market include Fonterra (New Zealand), Dean Foods (U.S.), Arla Foods (Denmark), Dairy Farmers Of America (U.S.), Kraft Foods (U.S.), Saputo (Canada).
About Market Data Forecast: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options.