Enjoy complimentary customisation on priority with our Enterprise License!
The skimmed milk market share is expected to increase by USD 4.88 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.41%.
This skimmed milk market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers skimmed milk market segmentation by application (bakery and confectionaries, dairy, prepared mixes, and others) and geography (Europe, APAC, North America, South America, and Middle East and Africa). The skimmed milk market report also offers information on several market vendors, including Agri Mark, Agropur Dairy Cooperative, Alpen Food Group BV, Arla Foods amba, Dairy Farmers of America Inc., Darigold, Fonterra Cooperative Group Ltd., Grassland Dairy Products Inc., Gujarat Cooperative Milk Marketing Federation, LACTALIS Ingredients, Lactoland Trockenmilchwerk GmbH, Nestle SA, Saputo Inc., Schreiber Foods Inc., Sterling Agro Industries Ltd., Synlait Ltd., and Unilever PLC among others.
Download the Free Report Sample to Unlock the Skimmed Milk Market Size for the Forecast Period and Other Important Statistics
The new product launch is notably driving the skimmed milk market growth, although factors such as the stringent government regulations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the skimmed milk industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Skimmed Milk Market Driver
One of the key factors driving growth in the skimmed milk market is the new product launches. Vendors of the market launch new products to stay competitive in the market. The rising demand for skimmed milk owing to consumer shift towards low fat food products has led vendors to launch new products and capture the increasing market base. For instance, in June 2021, Parag Milk Foods launched its fat-free milk variant under their premium milk brand Pride of Cows. The company plans to expand its brand by launching new milk products in India. Thus, the Rise in the number of new product launches will drive the market growth during the forecast period.
Key Skimmed Milk Market Trend
The rising adoption of skimmed milk powders is a skimmed milk market trend that is expected to have a positive impact in the coming years. The demand for skimmed milk powder has increased from bakeries as skimmed milk power has a high shelf life compared to skimmed milk concentrate. Vendors in the market are launching skimmed milk products to capture the growing market. For instance, in June 2020, Lactalis Ingredients launched a new skimmed milk powder with high heat and heat-stable quality. The skimmed milk powder is made from drying fresh pasteurized skimmed milk which undergoes a specific heat treatment. Thus, the rising adoption of skimmed milk powder and new product launches will lead to market growth.
Key Skimmed Milk Market Challenge
The stringent government regulations will be a major challenge for the skimmed milk market during the forecast period. Vendors face issues complying with the stringent rules and regulations imposed by various authorities, such as the FDA in the US. These regulations pertain to permits, regulations for the entry of new players, the launch of new products, and expiry dates for certain products. Differing regulations, laws, and rules between countries cause confusion and make following similar operations difficult for vendors. Overall, such government regulations hinder the entry of new players and create roadblocks for product innovations in the market. Vendors find these guidelines very strict, thereby restricting new product innovation. Such stringent government regulations will hinder market growth.
This skimmed milk market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global skimmed milk market as a part of the global packaged foods and meats market under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the skimmed milk market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the skimmed milk market encompasses successful business strategies deployed by the key vendors. The skimmed milk market is fragmented and the vendors are deploying growth strategies such as focusing on pricing and innovation to compete in the market.
alpendairies.com - The company offers Skimmed milk products that can be used in application such as ice cream, bakery, and confectionery, chocolate, biscuits, and more.
alpendairies.com - Through the food ingredients segment, the company offers food ingredients such as goat milk powder, goat butter, and egg powder.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The skimmed milk market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the skimmed milk market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request for a FREE sample now!
36% of the market's growth will originate from Europe during the forecast period. Germany and Russia are the key markets for skimmed milk in Europe. Market growth in this region will be faster than the growth of the market in the North American and MEA regions.
The rising instances of diabetes and obesity among the Western European population will facilitate the skimmed milk market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 had a negative impact on many end-users of skimmed milk such as Bakery and confectionaries. Moreover, disruption is supply chain was the major challenge faced by the vendors in the region due to the lockdown. However, impact of COVID-19 has reduced since 2021, due to vaccine distribution in North America. Also, COVID-19 has made to people shift towards healthy food habits such as low sugar, low fat and high protein food products. Such factors will help the market to grow during the forecast period.
To gain further insights on the market contribution of various segments Request for a FREE sample
The skimmed milk market share growth by the bakery and confectionaries segment will be significant during the forecast period. The market will witness growth due to the rising number of bakeries, confectioneries, and innovations in bakery products. The demand for bakery products is rising owing to increasing demand for on-the-go snacks and surge in the parity of purchasing power in emerging countries for varied types of bread, cakes, scones. The growing millennial population also demands more options in the on-the-go food category like bread-based mean and snacks. Such factors will drive the growth of the market through this segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the skimmed milk market size and actionable market insights on post COVID-19 impact on each segment.
Skimmed Milk Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.41% |
Market growth 2022-2026 |
$ 4.88 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.39 |
Regional analysis |
Europe, APAC, North America, South America, and Middle East and Africa |
Performing market contribution |
Europe at 36% |
Key consumer countries |
US, India, China, Germany, and Russia |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Agri Mark, Agropur Dairy Cooperative, Alpen Food Group BV, Arla Foods amba, Dairy Farmers of America Inc., Darigold, Fonterra Cooperative Group Ltd., Grassland Dairy Products Inc., Gujarat Cooperative Milk Marketing Federation, LACTALIS Ingredients, Lactoland Trockenmilchwerk GmbH, Nestle SA, Saputo Inc., Schreiber Foods Inc., Sterling Agro Industries Ltd., Synlait Ltd., and Unilever PLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.