milk powder market share, size, trends, growth and forecast 2017-2022
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Milk Powder Market Report and Forecast 2017-2022
Global Milk Powder Market to Reach 12 Million Tons by 2022
Milk powder is a dairy product which is made by drying or evaporating the moisture from the fluid milk. This is done in order to preserve it and increase its shelf life. Due to the low moisture content, it does not require any refrigeration. Owing to the intrinsic functional properties of milk powder, it is used as a food ingredient in value-added foods such as bakery, confectionery, sports and nutrition foods, meat products, etc.
Besides this, ease of storage and transportation along with low distribution costs of milk powder have augmented its demand all around the world, particularly in the regions where milk production is almost insignificant and places with poor transport facilities. Moreover, growing population, rising disposable incomes and increasing adoption of powdered milk as a substitute to regular milk have induced the growth of theglobal milk powder market.According to a new report by Expert Market Research, the marketreached a volume of 9.4 Million Tons in 2016 and is expected to reach 11.7 Million Tons by 2022. Despite currently experiencing a moderate growth, the market is anticipated to witness a strong growth in developing markets in the near future.
Read full report @ http://www.expertmarketresearch.com/reports/milk-powder-market
Key findings from the report:
Various types of milk powder available in the market include skimmed milk powder, whole milk powder and dairy whitener. In 2016, whole milk powder accounted for the majority of the total global milk powder production. It was followed by skimmed milk powder and dairy whitener.
The major end-use sectors of milk powder include infant food, confectionery, sports and nutrition foods, bakery products, dry mixes, fermented milk products, meat products and others.
Some of the major markets for milk powder include Asia-Pacific, North America, Europe and others.
The global milk powder market is surrounded by a number of small and big players. Some of the key players include Nestle, Danone, Lactalis, Fonterra and Friesl and Campina.
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Expert Market Research has analysed the global milk powder market according to type, end-use, major regions and top players:
Market breakup by TypeSkimmed milk powderWhole milk powderDairy whitener
Market breakup by End-useInfant FoodConfectionerySports and Nutrition FoodsBakery ProductsDry MixesFermented Milk ProductsMeat ProductsOthers
REPORT DESCRIPTIONMarket breakup by RegionAsia-PacificNorth AmericaEuropeOthers
Browse more reports related to food & beverages industry: http://www.expertmarketresearch.com/categories/food-beverages-market-reports
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