Global Whole Milk Powder Market: Increasing demand for dairy products and growing healthy eating habits is expected to augment the market at a healthy CAGR of ~ 3.6% during the forecast period of 2022 to 2030.

Whole Milk Powder Market Research Future Insights:

According to MRFR analysis, the global Whole Milk Powder Market is expected to register a CAGR of ~ 3.6% from 2022 to 2030 and hold a value of over USD 23,131.9 Million by 2030.

Milk powder is a factory-made dairy product formed by dehydrating liquefied milk through numerous drying procedures until it is a powder. The milk powder is well-organized to carry while traveling and can be easily utilized by just mixing water with it. The point of making milk powder is to upsurge the shelf life of milk without the aid of a refrigerator. Numerous types of milk powder incorporate whole milk powder, skimmed milk powder, dairy whitener, and so forth. Similarly, with the aid of science and technology, milk powder can be formed with all the natural properties of milk like flavor, color, solubility, and nutritional value. Major factors that are anticipated to boost the growth of the milk powder market in the forecast period are the increase in the utilization of milk powder in infant foods, the occurrence of numerous nutrients like vitamin C, vitamin B12, thiamine, and high amounts of protein, and the less of storage required and reduced transportation costs. Furthermore, the rising demand for the milk powder products because of the growing awareness of fitness conscious consumers is further expected to propel the growth of the milk powder market.

Regional Analysis

Asia Pacific dominates the milk powder market because of the changing lifestyles. Furthermore, globalization, an increase in the working population, and the upsurge in the penetration of the internet and social media will further enhancement the growth of the milk powder market in the region during the projected period.

Europe is expected to observe a substantial amount of growth in the milk powder market because of the developments in processing and shipping technology. Moreover, the decrease in transportation costs and the use of export subsidies is further expected to propel the growth of the milk powder market in the region in the imminent years.

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Market Segmentation

The Global Whole Milk Powder Market has been segmented into the type, end-use, and distribution channel

Based on the type, The Global Whole Milk Powder Market has been segmented into whole milk powder, skimmed milk powder, dairy whitener, buttermilk powder, fat-filled milk powder, and other milk powder.

Based on the end user, The Global Whole Milk Powder Market has been segmented into nutritional food, infant formulas, confectionaries, baked sweets, savories, households, the food service industry, and others.

Based on the distribution channel, The Global Whole Milk Powder Market has been segmented into business to business, business to consumer. Business-to-consumer is further sub-segmented into hypermarkets or supermarkets, convenience stores, specialty stores, retail stores, and online retail.

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Key Players

Some of the key market players are Inc. (US, Carbery Group Ltd. (Ireland), California Dairies, Inc. (US), Maple Island, Inc. (US)., Fonterra Co-operative Group Limited (New Zealand), Arla Foods amba (Denmark), Glanbia plc (Ireland), Agropur (Canada), Lactalis Group (France), Westland Milk Products (New Zealand), and Dairy Farmers of America

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