About Non Fat Dry Milk
A Dairy Product manufactured by evaporating out most moisture of milk to dry it out completely, while also extracting the fat in it, is known as Non Fat Dry Milk. The finished product is in powder form. This product is increasing in popularity mainly because of low fat content and low calorie content but also because of longer shelf life. The Non-Fat Dry Milk being of lower weight results in convenience in shipping of the product. The product is mostly used in baking where is used to make puddings, cakes, soups, etc. The market of Non Fat Dry Milk is expected to grow with some innovation in flavours. Geographically, North America and Asia Pacific are expected to be major markets of non-fat dry milk.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. 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.
Blue Diamond Growers (United States), Danone S.A. (France), Nestle S.A. (Switzerland), Oatly A.B (Sweden), Earth’s Own Food Company Inc. (Canada), Organic Valley (United States), The Hain Celestial Group, Inc. (United States), Arla Foods (Denmark), NOW Foods (United States) and PANOS brands, LLC (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Augason Farms (United States), Hoosier Hill Farm LLC (United States) and Bob's Red Mill (United States).
Segmentation Overview
AMA Research has segmented the market of Global Non Fat Dry Milk market by Type (Almond NFDM, Coconut NFDM, Soy NFDM and Others), Application (Browning, Emulsification, Foaming, Water Binding and Flavor) and Region.
On the basis of geography, the market of Non Fat Dry 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 Nature, the sub-segment i.e. Organic will boost the Non Fat Dry Milk market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Category , the sub-segment i.e. High-Heat NFDM will boost the Non Fat Dry Milk 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. Online (E-Commerce Stores) will boost the Non Fat Dry Milk market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offering , the sub-segment i.e. Spray Dried will boost the Non Fat Dry Milk market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
People are Searching for Protein Rich yet Lower in Fat and Calorie Food Products and Beverages
Market Growth Drivers:
Demand for Low Calorie and Low Fat Content Enabled Dairy Products and Large Distributional Network of Dairy Products
Challenges:
Large Number of Global and Local Players
Restraints:
Presence of Counterfeit Products in the Market
Opportunities:
Regions with Low Electrification Presents are Potential Growth Markets
Market Leaders and their expansionary development strategies
In 2020, Hain Celestial Group, Inc., US based organic and dairy products manufacturer has announced acquisition of Natumi AG. Natumi is a Germany based non-dairy products manufacturer. The acquisition strengthens Hain Celestial’s non-dairy platform and further expand its market in Europe.
In 2021, Organic Valley, United States’ largest farmer owned cooperative which is completely organic oriented has announced expansion of its premium Grassmilk product line with introduction of new product, Fat-Free Grassmilk. This is to meet the growing popularity of lower fat or fat free dairy.
Key Target Audience
Non Fat Dry Milk Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
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.