Milk obtained from different animal sources, including buffalos and cows, is the critical raw material used in the manufacture of whole milk powder. Whole milk powder holds applications in various food & beverage sectors, including bakery & confectionery, beverages, sweet & savory snacks, infant nutrition, and RTE & RTC meals. Whole milk powder can be stored for almost a year without loss of quality. Therefore, the longer shelf life of whole milk products helps increase their application in many industries as the demand for products with longer shelf lives increases among consumers.
MARKET DYNAMICS
The broad application of whole milk powder and increasing chocolate consumption are the key factors promoting the whole milk powder market's growth. The soaring demand for organic food products is anticipated to create lucrative growth opportunities for whole milk powder producers during the projection period. However, increasing lactose intolerance and fluctuating raw material prices are expected to restrict the market's development.
MARKET SCOPE
The "Global Whole Milk Powder Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the whole milk powder market with detailed market segmentation by category and application. The global whole milk powder market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading whole milk powder market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global whole milk powder market is segmented into category and application. By category, the whole milk powder market is classified into Conventional and Organic. By application, the whole milk powder market is classified into Bakery & Confectionery, Dairy & Frozen Desserts, Sweet & Savory Snacks, Infant Nutrition, RTE & RTC Meals, Beverages and Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global whole milk powder market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The whole milk powder market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the whole milk powder market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the whole milk powder market in these regions.
MARKET PLAYERS
The report covers vital developments in the whole milk powder market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the whole milk powder market are anticipated to lucrative growth opportunities in the future with the rising demand for whole milk powder in the global market. Below mentioned is the list of few companies engaged in the whole milk powder market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the whole milk powder market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Fonterra Co-operative Group Limited
- Arla Foods Ingredients Group P/S
- Glanbia plc
- Hoosier Hill Farm
- Lactalis Group
- Meyenberg
- Dairy Farmers of America, Inc.
- Carbery Group Ltd.
- Nestl?
- Maple Island, Inc.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.