Milk Powder Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2020-2024

The milk powder market size has the potential to grow by USD 25.38 billion during 2020-2024, and the market's growth momentum will accelerate during the forecast period because of the steady increase in the year-over-year growth.

This report provides a detailed analysis of the market by product (whole milk powder, dairy whitener, and skim milk powder), distribution channel (hypermarket and supermarket, convenience store, food and drink specialists, and others), and geography (APAC, North America, Europe, MEA, and South America). Also, the report analyzes the market's competitive landscape. It offers information on several market vendors, including Alpen Food Group BV, Arla Foods amba, China Mengniu Dairy Co. Ltd., Danone SA, Dean Foods Co., Fonterra Co-operative Group Ltd., Gujarat Cooperative Milk Marketing Federation Ltd., Nestle SA, Royal FrieslandCampina NV, and The Kraft Heinz Co.

Market Overview

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Market Competitive Analysis

The market is fragmented. Alpen Food Group BV, Arla Foods amba, China Mengniu Dairy Co. Ltd., Danone SA, Dean Foods Co., Fonterra Co-operative Group Ltd., Gujarat Cooperative Milk Marketing Federation Ltd., Nestle SA, Royal FrieslandCampina NV, and The Kraft Heinz Co. are some of the major market participants. The long shelf life, the increasing consumption of coffee and tea, and multiple uses of milk powder will offer immense growth opportunities to the market vendors. However, product recalls, fluctuation in milk prices, and lactose intolerance may impede the market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this milk powder market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and provides information on the products offered by various companies. Moreover, this milk powder market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• Alpen Food Group BV
• Arla Foods amba
• China Mengniu Dairy Co. Ltd.
• Danone SA
• Dean Foods Co.
• Fonterra Co-operative Group Ltd.
• Gujarat Cooperative Milk Marketing Federation Ltd.
• Nestle SA
• Royal FrieslandCampina NV
• The Kraft Heinz Co.

Milk Powder Market: Segmentation by Geography

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The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. APAC will provide several growth opportunities to market vendors during the forecast period.

49% of the market's growth will originate from APAC during the forecast period. China is the key market for milk powder in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the milk powder market size.

Milk Powder Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will spur milk powder market growth during the next five years
• Precise estimation of the milk powder market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the milk powder industry across APAC, North America, Europe, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of milk powder market vendors

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