(Food-Beverage-News.Com, October 07, 2017 ) Whole milk powder is a milk ingredient considered to be all natural and is held in high esteem by both manufacturer and consumer. It is nutritious, cost-effective and beneficial in its performance. Owing to this, the demand for dry milk powder has grown over the past few years. The extended shelf life of dry milk powder that addresses perishability concerns of fresh dairy products is a key factor driving sales of powdered milk. Also, the low volume and low weight advantages of milk powder over milk that are easy to transport are also acting in favor of the growth of dry whole milk powder market, finds the latest study added to the wide repository of Market Research Hub (MRH). The research study is titled as “Dry Whole Milk Powder Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2022”, and offers holistic overview of the global market with a quantitative and qualitative analysis of key growth trends, market indicators and competitive strategies for the 2017-2022 forecast.
Whole milk powder (WMP) is mainly achieved by removing water from pasteurized, homogenized whole milk through evaporation and spray drying processes. One of the major advantages of milk powder is its extended shelf life and can be stored up to one year without substantial loss of quality. It has a particularly extensive range of applications in the confectionery industry, specifically for chocolate, toffee and caramel confections, modern ice cream, milk beverages, infant formula, breakfast cereals, soups, bakery products, coffee whiteners etc.
According to recent study findings, the increasing purchasing power of individuals in several parts of the world leading to rising demand for confectionery and bakery products, which is also driving sales of powdered milk that is available in a rare types. Looking to the global demand, analysts have estimated the global dry whole milk powder market to expand at a CAGR of 4.6% between 2017 and 2022. At this pace, the market will accomplish a valuation of US$12,761.1 mn by the end of 2022, which was valued US$10, 2015.3 mn in 2017.
The research report examines the global dry whole milk powder market in terms of product type, sales channel, application and region. Geographically, the global dry whole milk powder market is studied across North America, Latin America, Europe, Asia Pacific except Japan (APEJ), Japan and the Middle East and Africa. Of them, Asia Pacific except Japan is the most attractive regional market which is expected to expand at a CAGR of 5.2% by the end of 2022. Apart from that, North America is expected to continue to remain a significant market for dry whole milk powder. Furthermore, the segments of the market depending upon product type are regular, instant, caramelized, UHT and organic. Based on sales channel, the segments of the market are modern trade, traditional grocery store, convenience stores, online channels, other retail formats and direct sales.
Moreover, key players are also mentioned in the report along with their market positioning, growth strategies and recent developments. At present, key players in the global dry whole milk powder market, namely Danone, Nestle, Lactalis Group, Amul, Fonterra, Friesland Campina, Belgomilk, Dana Dairy, Saputo Ingredients and Almira.
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