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Skimmed Milk Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 126
  • SKU: IRTNTR73676
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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.

What will the Skimmed Milk Market Size be During the Forecast Period?

Skimmed Milk Market Size

Download the Free Report Sample to Unlock the Skimmed Milk Market Size for the Forecast Period and Other Important Statistics

 

Skimmed Milk Market: Key Drivers, Trends, and Challenges

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.

Parent Market Analysis

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.

Who are the Major Skimmed Milk Market Vendors?

The report analyzes the market's competitive landscape and 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.
  • Unilever PLC

 

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.

Product Insights and News

  • 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.

Skimmed Milk Market Value Chain Analysis

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.

Which are the Key Regions for Skimmed Milk Market?

Skimmed Milk Market Market segmentation by region

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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.

What are the Revenue-generating Application Segments in the Skimmed Milk Market?

Skimmed Milk Market Segmentation

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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

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What are the Key Data Covered in this Skimmed Milk Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive skimmed milk market growth during the next five years
  • Precise estimation of the skimmed milk market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the skimmed milk industry across Europe, APAC, North America, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of skimmed milk market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Bakery and confectionaries - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Bakery and confectionaries - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Bakery and confectionaries - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Bakery and confectionaries - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Bakery and confectionaries - Year-over-year growth 2021-2026 (%)
    • 5.4 Dairy - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Dairy - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Dairy - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Dairy - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Dairy - Year-over-year growth 2021-2026 (%)
    • 5.5 Prepared mixes - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Prepared mixes - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Prepared mixes - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Prepared mixes - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Prepared mixes - Year-over-year growth 2021-2026 (%)
    • 5.6 Others - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by Application
      • Exhibit 44: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 India - Market size and forecast 2021-2026
      • Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 Russia - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Russia - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Russia - Year-over-year growth 2021-2026 (%)
    • 7.12 China - Market size and forecast 2021-2026
      • Exhibit 86: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 93: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 94: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 95: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 96: Matrix on vendor position and classification
            • 10.3 Alpen Food Group BV
              • Exhibit 97: Alpen Food Group BV - Overview
              • Exhibit 98: Alpen Food Group BV - Product / Service
              • Exhibit 99: Alpen Food Group BV - Key offerings
            • 10.4 Arla Foods amba
              • Exhibit 100: Arla Foods amba - Overview
              • Exhibit 101: Arla Foods amba - Business segments
              • Exhibit 102: Arla Foods amba - Key offerings
              • Exhibit 103: Arla Foods amba - Segment focus
            • 10.5 Dairy Farmers of America Inc.
              • Exhibit 104: Dairy Farmers of America Inc. - Overview
              • Exhibit 105: Dairy Farmers of America Inc. - Product / Service
              • Exhibit 106: Dairy Farmers of America Inc. - Key offerings
            • 10.6 Gujarat Cooperative Milk Marketing Federation
              • Exhibit 107: Gujarat Cooperative Milk Marketing Federation - Overview
              • Exhibit 108: Gujarat Cooperative Milk Marketing Federation - Product / Service
              • Exhibit 109: Gujarat Cooperative Milk Marketing Federation - Key offerings
            • 10.7 LACTALIS Ingredients
              • Exhibit 110: LACTALIS Ingredients - Overview
              • Exhibit 111: LACTALIS Ingredients - Product / Service
              • Exhibit 112: LACTALIS Ingredients - Key offerings
            • 10.8 Lactoland Trockenmilchwerk GmbH
              • Exhibit 113: Lactoland Trockenmilchwerk GmbH - Overview
              • Exhibit 114: Lactoland Trockenmilchwerk GmbH - Product / Service
              • Exhibit 115: Lactoland Trockenmilchwerk GmbH - Key offerings
            • 10.9 Nestle SA
              • Exhibit 116: Nestle SA - Overview
              • Exhibit 117: Nestle SA - Business segments
              • Exhibit 118: Nestle SA - Key news
              • Exhibit 119: Nestle SA - Key offerings
              • Exhibit 120: Nestle SA - Segment focus
            • 10.10 Saputo Inc.
              • Exhibit 121: Saputo Inc. - Overview
              • Exhibit 122: Saputo Inc. - Business segments
              • Exhibit 123: Saputo Inc. - Key news
              • Exhibit 124: Saputo Inc. - Key offerings
              • Exhibit 125: Saputo Inc. - Segment focus
            • 10.11 Schreiber Foods Inc.
              • Exhibit 126: Schreiber Foods Inc. - Overview
              • Exhibit 127: Schreiber Foods Inc. - Product / Service
              • Exhibit 128: Schreiber Foods Inc. - Key offerings
            • 10.12 Sterling Agro Industries Ltd.
              • Exhibit 129: Sterling Agro Industries Ltd. - Overview
              • Exhibit 130: Sterling Agro Industries Ltd. - Product / Service
              • Exhibit 131: Sterling Agro Industries Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 132: Inclusions checklist
                • Exhibit 133: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 134: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 135: Research methodology
                • Exhibit 136: Validation techniques employed for market sizing
                • Exhibit 137: Information sources
              • 11.5 List of abbreviations
                • Exhibit 138: List of abbreviations
              • food allergy among consumers: There is an increase in the number of people suffering from food allergies globally. Food allergy is caused when the immune system reacts to the ingestion of certain foods. Ingredients of packaged foods and meats that can create allergic reactions in some people include (but are not limited to) milk, eggs, fish, crustacean shellfish (e.g., crab, lobster, and shrimp), tree nuts (e.g., almonds, walnuts, and pecan), peanuts, wheat, and soybeans. Even consumption of small amounts of food allergens can trigger signs and symptoms such as digestive problems, hives, and swollen airways. In some people, a food allergy can cause severe symptoms, or even a life-threatening reaction is, known as anaphylaxis. For example, in the US, nearly 3% of the adult population suffers from shellfish allergy.

                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.

                TechnavioINFORMATION 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
                Technavio

                TechnavioDATA 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
                Technavio

                TechnavioREPORT 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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                Skimmed Milk Market market growth will increase by $4.88 bn during 2022-2026.
                The skimmed milk market market is expected to grow at a CAGR of 7.41% during 2022-2026.
                Technavio has segmented the skimmed milk market market by application (bakery and confectionaries, dairy, prepared mixes, and others) and geography (Europe, APAC, North America, South America, and Middle East and Africa).
                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., Unilever PLC are a few of the key vendors in the skimmed milk market market.
                Europe will register the highest growth rate of 36% among the other regions. Therefore, the skimmed milk market market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the skimmed milk market market growth are:
                • New product launch
                • Rising adoption of skimmed milk powders
                The skimmed milk market market vendors should focus on grabbing business opportunities from the bakery and confectionaries segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
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