The global dry whole milk powder market is experiencing significant growth driven by factors such as extended shelf life, convenience, and changing consumption patterns. This article provides insights into the key drivers, market segmentation, regional trends, and innovations shaping the growth of the dry whole milk powder market.
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Key Players and Market Developments
Key players in the global dry whole milk powder market profiled in this report are Nestle, Lactalis Group, Fonterra, FrieslandCampina, Danone, Belgomilk, Dana Dairy, Saputo Ingredients, Alimra, and Amul.
Extended Shelf Life and Convenience Driving Market Growth:
Dry whole milk powder offers an extended shelf life compared to fresh dairy products, addressing concerns related to perishability. With a shelf life of up to one year, milk powder is particularly beneficial for regions with temperature extremities and inadequate cold chain infrastructure for perishable dairy products. Additionally, the low volume and weight of milk powder make it easy to transport, further fueling its demand globally.
According to Transparency Market Research, the global dry whole milk powder market is projected to expand at a CAGR of 4.6% between 2017 and 2022, reaching a valuation of US$12,761.1 million by 2022.
Segmentation and Product Trends:
The market is segmented based on product type, sales channel, application, and geography. Among product types, instant dry whole milk powder holds dominance, driven by its convenience and versatility. The instant segment is expected to witness a CAGR of 4.7% between 2017 and 2022, reaching a valuation of US$3,958.1 million by 2022.
Regional Trends and Market Outlook:
Asia Pacific except Japan emerges as the most attractive market for dry whole milk powder, driven by rising purchasing power and changing lifestyles in emerging economies. The region is expected to witness a CAGR of 5.2% between 2017 and 2022, reaching a valuation of US$8,654.4 million by 2022. North America remains a significant market, supported by busy lifestyles and a robust packaged food industry.
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How E-commerce is Transforming the Dry Whole Milk Powder Market
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