Dry Dairy Powder Market Scope
The global dry dairy powder market is expected to grow at a rapid pace during the forecast period, according to the AMA study. Increasing demand for longer shelf-life dairy products and the rising health consciousness among consumers are expected to be some of the major factors aiding the growth of the market. However, the market is expected to witness a slight decline in growth during the next few years but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Alpen Food Group BV (Netherlands), Arla Foods (Denmark), Mengniu Dairy (Hong Kong), Danone (France), Dean Foods (United States), Fonterra (New Zealand), Gujarat Cooperative Milk Marketing Federation Ltd. (India), Kraft Foods (United States), Nestle (Switzerland), FrieslandCampina (Netherlands), The Hershey Company (United States) and The Kraft Heinz Co. (United States) |
CAGR | % |
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Dry Dairy Powder market throughout the predicted period.
Alpen Food Group BV (Netherlands), Arla Foods (Denmark), Mengniu Dairy (Hong Kong), Danone (France), Dean Foods (United States), Fonterra (New Zealand), Gujarat Cooperative Milk Marketing Federation Ltd. (India), Kraft Foods (United States), Nestle (Switzerland), FrieslandCampina (Netherlands), The Hershey Company (United States) and The Kraft Heinz Co. (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Dry Dairy Powder market by Type , by Application (Nutritional Foods, Infant Formulas, Confectionaries, Baked Sweet and Savories and Others) and Region with country level break-up.
On the basis of geography, the market of Dry Dairy Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In October 2023, these two Dutch dairy giants announced a strategic partnership to focus on innovation and sustainability in the global dairy market. This includes collaboration on dry dairy powder production and technology.
In September 2023, Danone introduced a new plant-based milk powder made from pea protein. This caters to the growing demand for dairy alternatives and could disrupt the traditional dry dairy powder market.
Stringent Worldwide Government Regulations Regarding Shutting Down Production and services Across Different Countries of the World to Avoid the Spread of COVID-19
Influencing Trend:
Increase in Use of Milk Powder in Infant Foods Due to the Presence of Several Nutrients such as Vitamin C, Vitamin B12, Thiamin, and High Amount of Protein
Market Growth Drivers:
Increasing Demand for Longer Shelf-Life Dairy Products and Rising Health Consciousness Among Consumers
Challenges:
Growing Concerns for Ultra-High Temperature (UHT) Milk
Restraints:
The Outbreak of COVID-19 Pandemic is one of the Major Restraints for the Market as Most of the Industries have been Facing Economic Crisis Across the World
Opportunities:
Opportunities in the Asia Pacific Region and Rising Adoption of Online Grocery Shopping
Key Target Audience
Supplier, Manufacturer, Research organization, Government Regulatory, End-User Industry and Others