About Dried skimmed milk Powder
The global dried skimmed milk powder market is expected to witness high demand in the forecasted period due to the increasing number of health-conscious people. When all of the milk fat is removed from whole milk, it is called skimmed milk. Consumption of skimmed milk is done with the purpose of lowering calorie intake. When fat and water are removed from pasteurized milk then it is called skimmed milk. The goal of drying milk is to preserve it since milk powder has a much longer shelf life than liquid milk and, due to its low moisture content, does not need to be refrigerated. Another goal is to lower its mass to improve transportation efficiency. For buyers, it offers the convenience of getting milk anywhere. Europe is the largest market for the dried skimmed milk powder.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Dried skimmed milk Powder market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Dried skimmed milk Powder Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. 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.
Nestle (Switzerland), Amul (India), Lactalis (France), Dairy America (United States), Alpen Dairies (United States), Unilever (United Kingdom), Nova Dairy products (India), Society Tea (India), Interfood (United States) and A2 Milk (Australia) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Dried skimmed milk Powder market by Type (Low Heat SMP, Medium Heat SMP and High Heat SMP), Application (Households and Commercial [Bakeries, Confectionaries, Hotels, Restaurants, and Others]) and Region.
On the basis of geography, the market of Dried skimmed milk 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). Europe region held largest market share in the year 2023. If we see Market by Nature, the sub-segment i.e. Lactose-Free will boost the Dried skimmed milk Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. Plastic will boost the Dried skimmed milk Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Supermarket/Hypermarkets will boost the Dried skimmed milk Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Lactose-Free Dried Skimmed Milk Powder
Market Growth Drivers:
The demand for Dried Skimmed Milk Powder as It Is Source of Non-Fat Dairy Solids and Growing Demand of Skimmed Milk Powder from Health-Conscious Individuals
Challenges:
Supply Chain Management Is Challenging in The Dried Skimmed Milk Market
Restraints:
Dried Skimmed Milk Powder Tend to Pricier Than Milk Power of Whole Milk
Opportunities:
Innovative Marketing and Endorsements Will Boost the Demand of Dried Skimmed Milk Powder and Urban and Fast-Paced Lifestyle Will Increase the Demand for Dried Skimmed Milk Powder
Market Leaders and their expansionary development strategies
In Jan 2019, in its third takeover deal in India, French dairy conglomerate Groupe Lactalis agreed to buy Prabhat Dairy Ltd's milk products division for Rs 1,700 crore (USD 239 million). Lactalis will purchase Sunfresh Agro Industries Pvt. Ltd. from Prabhat Dairy through its fully owned subsidiary Tirumala Milk Products Pvt. Ltd. Prabhat Dairy, a Mumbai-based dairy company, stated in a stock-exchange filing that it now plans to grow its cow feed operations across the country and into associated areas such as animal nutrition and genetics.
In June 2020, for condensed milk makers searching for a skimmed milk powder, Lactalis Ingredients has introduced a high heat, heat-stable (HHHS) skimmed milk powder. Consumption of evaporated milk and sweetened condensed milk continues to rise, according to Lactalis Ingredients, with an average annual growth rate of 2% projected from 2019 through 2024. Latin America, the Middle East, and, to a lesser extent, Asia is said to be driving this rise.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Dried Skimmed Milk Powder Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries 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.