Industry Background:
Whole milk powder is the resultant residual left after the removal of water from pasteurized milk. Whole milk powder generally serves the purpose of longer shelf life, and no need for refrigeration, along with being economical to transport.This growth is primarily driven by Longer Shelf Life and Ease Of Storage & Transportation
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Lactalis Group (France), Nestle SA (Switzerland), Danone SA (France), Fonterra Co-operative Group Ltd (New Zealand), Dairy Farmers of America (United States), Arla Foods (Denmark), FrieslandCampina (Netherlands), Saputo (Canada), Amul (India) and California Dairies (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2020, a2 Milk Company has entered into a binding agreement to buy the majority of shares to be specific 75% of all shares in Mataura Valley Milk.
The market is becoming extremely competitive with the entrance of new local players although major players come from Europe, North America, and Australia-New Zealand. Lactalis International, Nestle SA, Danone SA, and Fonterra Co-operative Group Ltd. The market will be dynamic in the coming years with key strategic partnerships coming up in certain regions, increased awareness about whole milk powder, and increased penetration in developing countries market.
Regulatory Insights:
According to CODEX revised standards, the fat contents in whole milk powder should be 26% to 42%, maximum water content should be 5% m/m and minimum milk protein in milk solids should be 34% m/m.
Influencing Trend:
Increasing Lactose Intolerant Individuals are Driving the Demand for Lactose-Free and Organic Whole Milk Powder
Market Growth Drivers:
Longer Shelf Life and Ease Of Storage & Transportation, Population Growth in Asia and South America, Usage of Whole Milk Powder in Other Gourmet Dairy Related Products Like Milk Shakes, Yoghurts, Etc. and Increased Popularity of E-Commerce Websites
Challenges:
Prevention of Contamination of Product and The spread of False Rumours Regarding Whole Milk Powder
Restraints:
High Adulteration Malpractices in the Industry and Rising Regulations Due to Past Controversies and Scandals Surrounding Whole Milk Powder Such As 2008 Chinese Milk Scandal
Opportunities:
Steady Growth of Fortified Whole Milk Powder Full of Vitamins and Calcium will be a Segment to Look Out for as People Grow Health Conscious
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Whole Milk Powder Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Whole Milk Powder Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Whole Milk Powder players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Whole Milk Powder Study Sheds Light on
The Whole Milk Powder Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Whole Milk Powder industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Whole Milk Powder industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.