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The whole milk powder market share is expected to increase by USD 3.09 billion from 2020 to 2025, at a CAGR of 3.48%.
This whole milk powder 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 whole milk powder market segmentation by type (regular whole milk powder and instant whole milk powder) and geography (APAC, South America, Europe, MEA, and North America). The whole milk powder market report also offers information on several market vendors, including All American Foods Inc., Arla Foods amba, Clofine Dairy Products Inc., Dairy Farmers of America Inc., Danone SA, Fonterra Co operative Group Ltd., Groupe Lactalis, INGREDIA SA, Nestle SA, and Royal FrieslandCampina NV among others.
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The longer shelf life of whole milk powder than raw milk is notably driving the whole milk powder market growth, although factors such as growing demand for UHT milk may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the whole milk powder industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Whole Milk Powder Market Driver
Whole milk powder has longer shelf life than raw milk. Low moisture levels in whole milk powder help retain the nutritional qualities for long periods of time. Remote locations with a limited supply of raw milk, owing to insufficient infrastructure and transportation facilities, exhibit high demand for long shelf-life products such as whole milk powder. Modified Atmosphere Packaging plays a vital role in extending the shelf life of packaged products. Moisture-resistant packs minimize moisture uptake and prevent water seepage from maintaining the quality of the packaged product. The most frequently used packaging type is heat-sealed multi-wall Kraft paper bag embedded with an inner Low-Density Polyethylene (LDPE) bag liner. A combination of multiple multi-wall Kraft bags ensures good protection during the handling and storage of whole milk powder. Hence, packaging designs attract consumers and extend the shelf life of packaged whole milk powder.
Key Whole Milk Powder Market Challenge
Ultra-High Temperature (UHT) processing is a technology used to process food. It sterilizes liquid food by heating above 275° Fahrenheit and is commonly used in milk production units. Milk processed using the UHT technology in a sterile container has a distinctive unrefrigerated shelf life of almost twelve months. The demand for UHT processed milk is high in countries where the space available for refrigeration is limited, and consumers need ready to drink real milk. Since the Philippines has limited production and cold chain facilities, a significant amount of fluid milk supply is UHT milk re-formed from imported milk powder. Factors such as convenience, no requirement for refrigeration, extended shelf life, dependability, and portability drive the demand for UHT milk. UHT milk is an alternative to milk and milk powders in the market. In the liquid form, it possesses several attributes of whole milk powder, such as long shelf life and portability. Hence, the high demand for UHT milk demand poses a serious challenge to the whole milk powder markets.
This whole milk powder 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 2021-2025.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the whole milk powder market encompasses successful business strategies deployed by the key vendors. The whole milk powder market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
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 whole milk powder 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.
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61% of the market's growth will originate from APAC during the forecast period. China, Indonesia, and India are the key markets for whole milk powder in APAC. Market growth in this region will be faster than the growth of the market in North America and South America.
Changing lifestyles and the adoption of Western practices like stocking food will facilitate the whole milk powder market growth in APAC 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.
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The whole milk powder market share growth by the regular whole milk powder segment will be significant during the forecast period. Regular whole milk powder is used in recreating drinking milk at the end consumer level. The whole milk powder is mixed in water and kept overnight in a refrigerator, and it tastes like actual raw milk. It has high nutritional value and is extensively used to produce dairy products.
This report provides an accurate prediction of the contribution of all the segments to the growth of the whole milk powder market size and actionable market insights on post COVID-19 impact on each segment.
Whole Milk Powder Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 3.48% |
Market growth 2021-2025 |
$ 3.09 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.73 |
Regional analysis |
APAC, South America, Europe, MEA, and North America |
Performing market contribution |
APAC at 61% |
Key consumer countries |
China, Brazil, Algeria, Indonesia, and India |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
All American Foods Inc., Arla Foods amba, Clofine Dairy Products Inc., Dairy Farmers of America Inc., Danone SA, Fonterra Co operative Group Ltd., Groupe Lactalis, INGREDIA SA, Nestle SA, and Royal FrieslandCampina NV |
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. |
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