About Nonfat Dried Milk
The nonfat dried milk is expected to rise in the coming years because of the rising demand for calcium-rich products, various baking applications. And with the improved sales channel, labeling and packaging the nonfat dried milk will boost further. The nonfat dried milk is obtained by removing water from pasteurized skim milk, it contains 5% or less moisture (by weight) and 1.5% or less milkfat (by weight). It does not have a standardized protein level.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 20.3% |
The global nonfat dried milk market is fragmented with many companies prevailing in the market. The companies are focusing on dealing with maintaining regulatory standards given about the nonfat dried milk. They are focusing on expansion globally by following merger acquisition and strategic collaboration. They are also investing in research and development and planning to launch the products. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Nonfat Dried Milk market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Alpen Food Group (Netherlands), NZMP (New Zealand), Nestle (Switzerland), Miraka (New Zealand), Fonterra (New Zealand), Lactoland (Germany), Amul (India), Nova Dairy products (India), Synlait milk Ltd (New Zealand) and Arion Dairy Products (Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Foodexo (Poland), Dairygold (Ireland), Holland Dairy Foods (Netherlands) and Milky Holland (Netherlands).
Segmentation Overview
AMA Research has segmented the market of Global Nonfat Dried Milk market by , Application (Dairy Products, Confectionery, Desserts & Bakery, Meat Products, Infant Formula and Others) and Region.
On the basis of geography, the market of Nonfat Dried Milk 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). If we see Market by Heat Treatment, the sub-segment i.e. Low-Heat will boost the Nonfat Dried Milk market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online Stores will boost the Nonfat Dried Milk market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Coconut will boost the Nonfat Dried Milk market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Nonfat Dried Milk Among the Women Population
Market Growth Drivers:
Increasing Need for Consumption of Vitamin and Calcium Rich Food and Beverages and Demand for Powdered Milk Products for Various Cooking Application
Challenges:
Adherence to Stringent Regulatory Standards Might Hinder the Nonfat Dried Milk Market
Restraints:
Price Fluctuation in Milk Market Might Hinder the Nonfat Dried Milk Market and Allergy-Related Problems with Nonfat Dried Milk
Opportunities:
Rising Availability of Nonfat Dried Milk Online is Boosting the Market and Advancements in Labeling and Packaging of Nonfat Dried Milk
Market Leaders and their expansionary development strategies
In
In November 2023, Nestlé has developed N3 milk. Made from cow's milk, it has all the essential nutrients found in milk such as proteins, vitamins, and minerals. In addition, it contains prebiotic fibers, has a low lactose content and has over 15% fewer calories, the company stated.
"Nonfat dry milk covered by these standards shall not contain nor be derived from dry buttermilk, dry whey, or products other than skim milk, and shall not contain any added preservative, neutralizing agent, or other chemicals. U.S. Extra Grade nonfat dry milk shall conform to the following requirements. Flavor. Reconstituted nonfat dry milk shall possess a sweet, pleasing, and desirable flavor, but may possess the following flavors to a slight degree: Chalky, cooked, feed, or flat.Physical appearance. Nonfat dry milk shall possess a uniform white to light cream natural color. It shall be free from lumps, except those that readily break up with slight pressure, and be practically free from visible dark particles. The reconstituted product shall be free from graininess. And some other requirements have been covered such as bacterial estimate, milk content, moisture content, etc."
Key Target Audience
Nonfat Dried Milk Manufacturers, Nonfat Dried Milk Distributors and Suppliers, Nonfat Dried Milk International Traders, Research and Development Institutes, Potential Investors, Upstream and Downstream Buyers, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.