Skimmed Milk Market Size 2025-2029
The skimmed milk market size is forecast to increase by USD 4.8 billion, at a CAGR of 7.0% between 2024 and 2029.
The global skimmed milk market is defined by a pronounced consumer shift toward healthier lifestyles, creating sustained demand for low-fat dairy products. This heightened health consciousness drives the adoption of skimmed milk for its high-protein content and low-fat profile, aligning with dietary goals for weight management and overall wellness. This development benefits the wider milk powder and whole milk powder segments by reinforcing the nutritional value of dairy. The emphasis on a balanced diet supports the integration of skimmed milk into daily consumption patterns, where its nutritional fortification with essential vitamins meets consumer expectations for value-added foods. This foundational demand provides a stable base for market activities, encouraging continuous product refinement and innovation.A key trend shaping the market is the increasing demand for nutritionally enhanced products, leading to the growing popularity of fortified skimmed milk. This aligns with consumer interest in functional foods, including organic milk and products in the a2 milk market, that offer specific health benefits beyond basic nutrition. However, the industry contends with heightened competition from plant-based milk competition, which appeals to consumers seeking dairy-free options due to dietary restrictions or lifestyle choices. This dynamic forces traditional dairy producers to innovate, not only in product formulation but also in addressing consumer concerns related to sustainability and health, thereby influencing strategies across the lactose-free butter market.
What will be the Size of the Skimmed Milk Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019 - 2023 and forecasts 2025-2029 - in the full report.
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Market dynamics are increasingly influenced by the development of functional dairy products and value-added dairy offerings. The focus is on enhancing the nutritional profile of low-fat dairy to meet specific consumer needs, such as sports nutrition supplements and infant formula ingredients. This shift is driving innovation in processing, including spray drying technology and UHT processing, to maintain the integrity of fortified components. The evolution of the chocolate milk market and macadamia milk market reflects broader consumer interest in diverse beverage options.The competitive environment is being reshaped by both internal and external factors. The strategic decisions of dairy producers, such as prioritizing cheese production, affect the availability and pricing of skim milk powder. Simultaneously, the rise of the dairy alternatives market introduces new competitive pressures. These dynamics necessitate a focus on operational efficiency, with technologies like automatic milking machines playing a role in managing raw material costs and ensuring a consistent supply for processing into reconstituted milk products and other dairy-based items.
How is this Skimmed Milk Industry segmented?
The skimmed milk industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments.
- Application
- Bakery and confectionaries
- Dairy
- Prepared mixes
- Others
- Packaging
- Type
- Geography
- Europe
- Germany
- France
- Russia
- Poland
- Spain
- Italy
- APAC
- China
- India
- Japan
- Indonesia
- Australia
- South Korea
- North America
- South America
- Middle East and Africa
- Iran
- Turkey
- Egypt
- South Africa
- Rest of World (ROW)
By Application Insights
The bakery and confectionaries segment is estimated to witness significant growth during the forecast period.
The bakery and confectionaries segment is a significant consumer of skimmed milk, particularly in its powdered form. Skimmed milk powder is integral as a food texturizer and browning agent in baking, improving the structure and flavor of goods like breads, cakes, and biscuits. Its application in confectionaries enhances the mouthfeel of products. This segment, which accounted for approximately 36.3% of the market in a recent historic year, is driven by the demand for functional and nutritional ingredients.
Consumer trends toward healthier food choices are influencing this segment. The rising preference for low-fat, low-calorie, and high-protein items has increased the use of skim milk powder as a key component. This aligns with the clean label movement, as consumers favor natural and recognizable ingredients. Innovation in product formulations to meet dietary needs, such as high-protein bakery items, creates ongoing demand for skimmed milk as an affordable and versatile protein source for food manufacturing.
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The Bakery and confectionaries segment was valued at USD 3.7 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
Europe is estimated to contribute 37.3% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in Europe is undergoing a period of strategic realignment, driven by shifting economic factors within the dairy sector. Dairy processors are increasingly prioritizing cheese production due to higher profit margins, which has made the production of skim milk powder less economically attractive. This pivot is leading to a projected decline in skim milk powder output. In a recent historic year, Europe accounted for about 36.9% of the global market, highlighting its significance despite these internal adjustments.
Europe's export landscape is also being reshaped by these production decisions and evolving external market dynamics. Key export markets are developing their own local production capabilities and diversifying their import sources, increasing competition for European suppliers. Furthermore, the region faces long-term challenges from sustainability-focused regulations and projected reductions in dairy herds. This evolving environment requires skimmed milk producers in Europe to adapt their strategies to maintain global competitiveness and navigate a complex market.
Market Dynamics
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The global skimmed milk market is undergoing a significant shift, heavily influenced by the impact of health and wellness on dairy consumption. Consumers' growing awareness of the nutritional profile of low-fat dairy is boosting demand, underscoring skimmed milk's role in weight management and its use as skimmed milk as a post-exercise rehydration beverage. This trend amplifies the role of skimmed milk in sports nutrition. Industrially, its functional properties in food manufacturing are crucial, with the spray drying process for milk powder being essential for producing skimmed milk powder for infant formula and for the use of skimmed milk powder in bakery applications. Moreover, innovation in low-sugar yogurt production frequently utilizes these powders. However, the market faces persistent challenges from plant-based milk alternatives and must navigate the price volatility in the raw milk market.Strategic responses to these dynamics include enhancing supply chain efficiency for dairy powders and catering to the consumer preference for fortified dairy products, such as the fortification of skimmed milk with vitamins. The rising demand for lactose-free skim milk options is also driving product development. On the packaging front, aseptic carton packaging for UHT milk and a broader focus on sustainability in dairy product packaging are becoming standard. The global trade dynamics of skim milk powder are further complicated by the competition between cheese and milk powder production, which affects pricing and availability worldwide, creating a complex but opportunity-rich environment for stakeholders.
What are the key market drivers leading to the rise in the adoption of Skimmed Milk Industry?
- The demand for low-fat, high-protein diets, driven by heightened health and wellness consciousness among consumers, is a primary factor for the global skimmed milk market.
A primary driver is the increasing consumer focus on health and wellness, which favors low-fat, high-protein dietary choices. Skimmed milk, a notable low-fat dairy product, is well-positioned to meet this demand due to its nutritional composition, including essential nutrients like calcium and vitamin D, without the high caloric load of full-fat alternatives. This consumer preference supports weight management and bone health. The fitness and wellness sectors further amplify this by incorporating skim milk powder and other dairy protein concentrates into sports nutrition supplements. This trend is a major contributor to the market's expansion, with one key region alone accounting for over 37% of the global growth opportunity.The market is also driven by the versatility of skimmed milk, which has broadening applications in the food and beverage industry. As a key dairy ingredient formulation, its use extends across bakery, confectionery, and prepared mixes, where it serves as a food texturizer and enhances nutritional value. The functional properties of skimmed milk powder, such as its role as a browning agent in baking and its powder solubility, make it indispensable for food processing applications. The growth in demand for functional dairy products continues to expand its use cases, contributing to a market landscape where certain geographic areas represent more than 35% of the incremental growth potential.
What are the market trends shaping the Skimmed Milk Industry?
- An increase in health awareness among consumers is boosting the demand for skimmed milk that has been fortified with additional nutrients.
The global market is shaped by rising health awareness, which boosts demand for fortified skimmed milk and other functional dairy products. This trend reflects a sophisticated consumer desire for nutritionally enhanced options beyond just being a low-fat dairy product. Companies are responding with innovations such as vitamin and mineral enrichment and lactose-free dairy options to cater to this health-conscious demographic. The expansion of such value-added products is a key dynamic, with product development focusing on specialized dairy needs. This is particularly relevant as the market in some areas represents nearly 23% of the growth opportunity, indicating significant regional interest in such products in the broader dairy based beverages market.Another significant trend is the expanding application of skimmed milk within the food processing sector, where it is a vital dairy ingredient formulation. Its use as skim milk powder is growing in various segments, including dairy recombination and prepared mixes. The functional properties in food manufacturing, such as improving texture and shelf life, make it a valuable component. This is leading to increased investment in new processing capacities for specialized dairy products. The development of new products like low-sugar yogurts made from skimmed milk highlights the innovative applications emerging in the food and beverage industry, pushing growth in smaller but promising regions that hold over 2% of the market's incremental potential.
What challenges does the Skimmed Milk Industry face during its growth?
- The global skimmed milk market faces a significant challenge from the heightened competition offered by plant-based milk alternatives.
A significant challenge is the heightened competition from plant-based alternatives, driven by growing veganism, lactose intolerance awareness, and environmental concerns. The dairy alternatives market is expanding rapidly, with products derived from almonds, soy, and oats perceived as healthier and more sustainable options. This trend has led to deep market penetration in several key regions, directly challenging sales. The packaging segment, where cartons hold over 33% of the market, is also seeing a shift as plant-based brands emphasize sustainable packaging. This multifaceted challenge requires traditional dairy companies to address evolving consumer values related to health, ethics, and environmental sustainability to protect their market share.The market also contends with volatility in raw material prices and the risk of supply chain disruptions. Fluctuations in the cost of raw milk, influenced by global demand, feed prices, and environmental factors, directly impact the production cost of skimmed milk powder. This price instability creates uncertainty for manufacturers and can lead to narrower profit margins. Supply chain vulnerabilities, from farm to processing plant, can further disrupt availability. Packaging formats such as bags, which account for over 20% of the market, are also subject to cost fluctuations, adding another layer of complexity for managing overall product costs in a competitive environment.
Exclusive Customer Landscape
The skimmed milk market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the skimmed milk market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, skimmed milk market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Agri Mark Inc. - The company provides high-protein skimmed milk suitable for food manufacturing and health-focused dairy applications. This offering includes skimmed dry milk powder used as a key dairy ingredient formulation in bakery, confectionery, and various dairy products, catering to industrial and consumer needs for functional and nutritional food components.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Agri Mark Inc.
- Agropur Dairy Cooperative
- Alpen Food Group BV
- Arla Foods amba
- Dairy Farmers of America Inc.
- Darigold Inc.
- Fonterra Cooperative Group Ltd.
- Grassland Dairy Products Inc.
- Gujarat Cooperative Milk Marketing Federation Ltd.
- Kruger GmbH and Co. KG
- LACTALIS Ingredients
- Nestle SA
- Royal FrieslandCampina NV
- Saputo Inc.
- Schreiber Foods Inc.
- Sterling Agro Industries Ltd.
- Synlait Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Skimmed Milk Market
In May 2024, Fonterra Co-operative Group Ltd. reported strong earnings for the third quarter, raising its forecast for full-year profits and highlighting strong performance in its ingredients and foodservice channels.In April 2024, Prairie Farms Dairy launched a new line of lactose-free skim milk, responding to growing consumer demand for both low-fat and easily digestible dairy options.In February 2024, Arla Foods amba announced plans to invest EUR 527 million to meet the increasing demand for dairy products and advance its transition to more sustainable production methods.
Research Analyst Overview
The global skimmed milk market is characterized by continuous advancements in processing methodologies, shifting the landscape of the dairy supply chain. The foundational centrifugal separation process for milkfat removal is complemented by evolving drying techniques. While roller dried milk powder remains relevant in specific contexts, the industry increasingly adopts spray drying technology to enhance powder solubility and control milk solids concentration. This evolution produces versatile forms like nonfat dry milk and instant milk powder. Concurrently, the demand for liquid skimmed milk is met through developments in UHT processing and aseptic carton packaging, creating a robust category of shelf-stable milk products. These process adaptations are integral to meeting diverse industrial requirements and consumer preferences for product convenience.The application spectrum for skimmed milk derivatives is broadening, reflecting a dynamic interplay between food processing application demands and consumer health trends. As a low-fat dairy product with high-protein content, skim milk powder serves as a core component in dairy ingredient formulation. Its use extends from bakery and confectionery use, where it acts as a browning agent in baking, to a food texturizer. The market is witnessing an expansion of 4% in applications driven by nutritional fortification, including vitamin and mineral enrichment with calcium and vitamin d. Formulations for reconstituted milk products and dairy recombination are evolving, incorporating dairy protein concentrate, whey protein isolates, and caseinates in food. This shift supports the creation of products like sports nutrition supplement options, infant formula ingredient bases, low-calorie beverage choices, and functional dairy product lines, including the lactose-free dairy option, aligning with the demand for a clean label ingredient.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Skimmed Milk Market insights. See full methodology.
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Market Scope
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Report Coverage
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Details
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Page number
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295
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Base year
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2024
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Historic period
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2019 - 2023 |
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Forecast period
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2025-2029
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Growth momentum & CAGR
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Accelerating at a CAGR of 7.0%
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Market growth 2024-2029
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USD 4.8 billion
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Market structure
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Fragmented
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YoY growth 2024-2029(%)
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6.3%
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Key countries
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Germany, France, Russia, Poland, Spain, Italy, China, India, Japan, Indonesia, Australia, South Korea, US, Canada, Mexico, Brazil, Argentina, Colombia, Iran, Turkey, Egypt, Saudi Arabia, South Africa
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Competitive landscape
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Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
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What are the Key Data Covered in this Skimmed Milk Market Research and Growth Report?
- CAGR of the Skimmed Milk industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2024 and 2029
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across Europe, APAC, North America, South America, Middle East and Africa
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the skimmed milk market growth of industry companies
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1 Executive Summary
- 1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Packaging
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Chart on Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Chart on Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Chart on Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3 Market Landscape
- 3.1 Market ecosystem
- Chart on Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Chart on Market characteristics analysis
- 3.3 Value chain analysis
- Chart on Value chain analysis
4 Market Sizing
- 4 Market Sizing
- 4.1 Market definition
- Data Table on Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5 Historic Market Size
- 5.1 Global Skimmed Milk Market 2019 - 2023
- Historic Market Size - Data Table on Global Skimmed Milk Market 2019 - 2023 ($ billion)
- 5.2 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ billion)
- 5.3 Packaging segment analysis 2019 - 2023
- Historic Market Size - Packaging Segment 2019 - 2023 ($ billion)
- 5.4 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ billion)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6 Qualitative Analysis
- 6.1 The AI impact on Global Skimmed Milk Market
7 Five Forces Analysis
- 7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Application
- 8 Market Segmentation by Application
- 8.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
- 8.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 8.3 Bakery and confectionaries - Market size and forecast 2024-2029
- Chart on Bakery and confectionaries - Market size and forecast 2024-2029 ($ billion)
- Data Table on Bakery and confectionaries - Market size and forecast 2024-2029 ($ billion)
- Chart on Bakery and confectionaries - Year-over-year growth 2024-2029 (%)
- Data Table on Bakery and confectionaries - Year-over-year growth 2024-2029 (%)
- 8.4 Dairy - Market size and forecast 2024-2029
- Chart on Dairy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Dairy - Market size and forecast 2024-2029 ($ billion)
- Chart on Dairy - Year-over-year growth 2024-2029 (%)
- Data Table on Dairy - Year-over-year growth 2024-2029 (%)
- 8.5 Prepared mixes - Market size and forecast 2024-2029
- Chart on Prepared mixes - Market size and forecast 2024-2029 ($ billion)
- Data Table on Prepared mixes - Market size and forecast 2024-2029 ($ billion)
- Chart on Prepared mixes - Year-over-year growth 2024-2029 (%)
- Data Table on Prepared mixes - Year-over-year growth 2024-2029 (%)
- 8.6 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ billion)
- Data Table on Others - Market size and forecast 2024-2029 ($ billion)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 8.7 Market opportunity by Application
- Market opportunity by Application ($ billion)
- Data Table on Market opportunity by Application ($ billion)
9 Market Segmentation by Packaging
- 9 Market Segmentation by Packaging
- 9.1 Market segments
- Chart on Packaging - Market share 2024-2029 (%)
- Data Table on Packaging - Market share 2024-2029 (%)
- 9.2 Comparison by Packaging
- Chart on Comparison by Packaging
- Data Table on Comparison by Packaging
- 9.3 Cartons - Market size and forecast 2024-2029
- Chart on Cartons - Market size and forecast 2024-2029 ($ billion)
- Data Table on Cartons - Market size and forecast 2024-2029 ($ billion)
- Chart on Cartons - Year-over-year growth 2024-2029 (%)
- Data Table on Cartons - Year-over-year growth 2024-2029 (%)
- 9.4 Pouches - Market size and forecast 2024-2029
- Chart on Pouches - Market size and forecast 2024-2029 ($ billion)
- Data Table on Pouches - Market size and forecast 2024-2029 ($ billion)
- Chart on Pouches - Year-over-year growth 2024-2029 (%)
- Data Table on Pouches - Year-over-year growth 2024-2029 (%)
- 9.5 Bags - Market size and forecast 2024-2029
- Chart on Bags - Market size and forecast 2024-2029 ($ billion)
- Data Table on Bags - Market size and forecast 2024-2029 ($ billion)
- Chart on Bags - Year-over-year growth 2024-2029 (%)
- Data Table on Bags - Year-over-year growth 2024-2029 (%)
- 9.6 Drums - Market size and forecast 2024-2029
- Chart on Drums - Market size and forecast 2024-2029 ($ billion)
- Data Table on Drums - Market size and forecast 2024-2029 ($ billion)
- Chart on Drums - Year-over-year growth 2024-2029 (%)
- Data Table on Drums - Year-over-year growth 2024-2029 (%)
- 9.7 Market opportunity by Packaging
- Market opportunity by Packaging ($ billion)
- Data Table on Market opportunity by Packaging ($ billion)
10 Market Segmentation by Type
- 10 Market Segmentation by Type
- 10.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
- 10.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 10.3 Spray dried - Market size and forecast 2024-2029
- Chart on Spray dried - Market size and forecast 2024-2029 ($ billion)
- Data Table on Spray dried - Market size and forecast 2024-2029 ($ billion)
- Chart on Spray dried - Year-over-year growth 2024-2029 (%)
- Data Table on Spray dried - Year-over-year growth 2024-2029 (%)
- 10.4 Roller dried - Market size and forecast 2024-2029
- Chart on Roller dried - Market size and forecast 2024-2029 ($ billion)
- Data Table on Roller dried - Market size and forecast 2024-2029 ($ billion)
- Chart on Roller dried - Year-over-year growth 2024-2029 (%)
- Data Table on Roller dried - Year-over-year growth 2024-2029 (%)
- 10.5 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)
11 Customer Landscape
- 11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12 Geographic Landscape
- 12.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)
- 12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 12.3 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - Europe
- Data Table on Regional Comparison - Europe
- 12.3.1 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 12.3.2 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 12.3.3 Russia - Market size and forecast 2024-2029
- Chart on Russia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Russia - Market size and forecast 2024-2029 ($ billion)
- Chart on Russia - Year-over-year growth 2024-2029 (%)
- Data Table on Russia - Year-over-year growth 2024-2029 (%)
- 12.3.4 Poland - Market size and forecast 2024-2029
- Chart on Poland - Market size and forecast 2024-2029 ($ billion)
- Data Table on Poland - Market size and forecast 2024-2029 ($ billion)
- Chart on Poland - Year-over-year growth 2024-2029 (%)
- Data Table on Poland - Year-over-year growth 2024-2029 (%)
- 12.3.5 Spain - Market size and forecast 2024-2029
- Chart on Spain - Market size and forecast 2024-2029 ($ billion)
- Data Table on Spain - Market size and forecast 2024-2029 ($ billion)
- Chart on Spain - Year-over-year growth 2024-2029 (%)
- Data Table on Spain - Year-over-year growth 2024-2029 (%)
- 12.3.6 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
- 12.4 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - APAC
- Data Table on Regional Comparison - APAC
- 12.4.1 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 12.4.2 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 12.4.3 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 12.4.4 Indonesia - Market size and forecast 2024-2029
- Chart on Indonesia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Indonesia - Market size and forecast 2024-2029 ($ billion)
- Chart on Indonesia - Year-over-year growth 2024-2029 (%)
- Data Table on Indonesia - Year-over-year growth 2024-2029 (%)
- 12.4.5 Australia - Market size and forecast 2024-2029
- Chart on Australia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Australia - Market size and forecast 2024-2029 ($ billion)
- Chart on Australia - Year-over-year growth 2024-2029 (%)
- Data Table on Australia - Year-over-year growth 2024-2029 (%)
- 12.4.6 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 12.5 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - North America
- Data Table on Regional Comparison - North America
- 12.5.1 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 12.5.2 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 12.5.3 Mexico - Market size and forecast 2024-2029
- Chart on Mexico - Market size and forecast 2024-2029 ($ billion)
- Data Table on Mexico - Market size and forecast 2024-2029 ($ billion)
- Chart on Mexico - Year-over-year growth 2024-2029 (%)
- Data Table on Mexico - Year-over-year growth 2024-2029 (%)
- 12.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - South America
- Data Table on Regional Comparison - South America
- 12.6.1 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ billion)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ billion)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- 12.6.2 Argentina - Market size and forecast 2024-2029
- Chart on Argentina - Market size and forecast 2024-2029 ($ billion)
- Data Table on Argentina - Market size and forecast 2024-2029 ($ billion)
- Chart on Argentina - Year-over-year growth 2024-2029 (%)
- Data Table on Argentina - Year-over-year growth 2024-2029 (%)
- 12.6.3 Colombia - Market size and forecast 2024-2029
- Chart on Colombia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Colombia - Market size and forecast 2024-2029 ($ billion)
- Chart on Colombia - Year-over-year growth 2024-2029 (%)
- Data Table on Colombia - Year-over-year growth 2024-2029 (%)
- 12.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - Middle East and Africa
- Data Table on Regional Comparison - Middle East and Africa
- 12.7.1 Iran - Market size and forecast 2024-2029
- Chart on Iran - Market size and forecast 2024-2029 ($ billion)
- Data Table on Iran - Market size and forecast 2024-2029 ($ billion)
- Chart on Iran - Year-over-year growth 2024-2029 (%)
- Data Table on Iran - Year-over-year growth 2024-2029 (%)
- 12.7.2 Turkey - Market size and forecast 2024-2029
- Chart on Turkey - Market size and forecast 2024-2029 ($ billion)
- Data Table on Turkey - Market size and forecast 2024-2029 ($ billion)
- Chart on Turkey - Year-over-year growth 2024-2029 (%)
- Data Table on Turkey - Year-over-year growth 2024-2029 (%)
- 12.7.3 Egypt - Market size and forecast 2024-2029
- Chart on Egypt - Market size and forecast 2024-2029 ($ billion)
- Data Table on Egypt - Market size and forecast 2024-2029 ($ billion)
- Chart on Egypt - Year-over-year growth 2024-2029 (%)
- Data Table on Egypt - Year-over-year growth 2024-2029 (%)
- 12.7.4 Saudi Arabia - Market size and forecast 2024-2029
- Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
- Chart on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- Data Table on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- 12.7.5 South Africa - Market size and forecast 2024-2029
- Chart on South Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on South Africa - Year-over-year growth 2024-2029 (%)
- Data Table on South Africa - Year-over-year growth 2024-2029 (%)
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)
13 Drivers, Challenges, and Opportunity
- 13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Heightened health and wellness consciousness driving demand for low-fat, high-protein diets
- Versatility and broadening applications in the food and beverage industry
- Ascendancy of functional and fortified dairy products
- 13.2 Market challenges
- Heightened competition from plant based alternatives
- Volatility in raw material prices and supply chain disruptions
- Shifting consumer preferences and a demand for value-added products
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities
- Rising health awareness boosts demand for fortified skimmed milk
- Expanding applications of skimmed milk in the food processing sector
- Dichotomy of plant-based competition and the rise of lactose-free
14 Competitive Landscape
- 14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 Agri Mark Inc.
- Agri Mark Inc. - Overview
- Agri Mark Inc. - Product / Service
- Agri Mark Inc. - Key offerings
- SWOT
- 15.5 Agropur Dairy Cooperative
- Agropur Dairy Cooperative - Overview
- Agropur Dairy Cooperative - Product / Service
- Agropur Dairy Cooperative - Key offerings
- SWOT
- 15.6 Arla Foods amba
- Arla Foods amba - Overview
- Arla Foods amba - Product / Service
- Arla Foods amba - Key offerings
- SWOT
- 15.7 Dairy Farmers of America Inc.
- Dairy Farmers of America Inc. - Overview
- Dairy Farmers of America Inc. - Product / Service
- Dairy Farmers of America Inc. - Key offerings
- SWOT
- 15.8 Darigold Inc.
- Darigold Inc. - Overview
- Darigold Inc. - Product / Service
- Darigold Inc. - Key offerings
- SWOT
- 15.9 Fonterra Cooperative Group Ltd.
- Fonterra Cooperative Group Ltd. - Overview
- Fonterra Cooperative Group Ltd. - Business segments
- Fonterra Cooperative Group Ltd. - Key news
- Fonterra Cooperative Group Ltd. - Key offerings
- Fonterra Cooperative Group Ltd. - Segment focus
- SWOT
- 15.10 Grassland Dairy Products Inc.
- Grassland Dairy Products Inc. - Overview
- Grassland Dairy Products Inc. - Product / Service
- Grassland Dairy Products Inc. - Key offerings
- SWOT
- 15.11 Gujarat Cooperative Milk Marketing Federation Ltd.
- Gujarat Cooperative Milk Marketing Federation Ltd. - Overview
- Gujarat Cooperative Milk Marketing Federation Ltd. - Product / Service
- Gujarat Cooperative Milk Marketing Federation Ltd. - Key offerings
- SWOT
- 15.12 LACTALIS Ingredients
- LACTALIS Ingredients - Overview
- LACTALIS Ingredients - Product / Service
- LACTALIS Ingredients - Key offerings
- SWOT
- 15.13 Nestle SA
- Nestle SA - Overview
- Nestle SA - Business segments
- Nestle SA - Key news
- Nestle SA - Key offerings
- Nestle SA - Segment focus
- SWOT
- 15.14 Royal FrieslandCampina NV
- Royal FrieslandCampina NV - Overview
- Royal FrieslandCampina NV - Product / Service
- Royal FrieslandCampina NV - Key offerings
- SWOT
- 15.15 Saputo Inc.
- Saputo Inc. - Overview
- Saputo Inc. - Business segments
- Saputo Inc. - Key offerings
- Saputo Inc. - Segment focus
- SWOT
- 15.16 Schreiber Foods Inc.
- Schreiber Foods Inc. - Overview
- Schreiber Foods Inc. - Product / Service
- Schreiber Foods Inc. - Key offerings
- SWOT
- 15.17 Sterling Agro Industries Ltd.
- Sterling Agro Industries Ltd. - Overview
- Sterling Agro Industries Ltd. - Product / Service
- Sterling Agro Industries Ltd. - Key offerings
- SWOT
- 15.18 Synlait Ltd.
- Synlait Ltd. - Overview
- Synlait Ltd. - Business segments
- Synlait Ltd. - Key offerings
- Synlait Ltd. - Segment focus
- SWOT
16 Appendix
- 16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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