Report Overview
Dried milk, also known as powdered milk, is a dairy product created by evaporating milk to dryness. This process extends its shelf life and makes it more convenient for storage and transportation. Dried milk retains most of the nutrients found in liquid milk and can be reconstituted by adding water. It is widely used in various food products, including baked goods, confectionery, dairy products, and infant formula.
The global dried milk market size in 2023 was approximately USD 12.5 billion. The market is projected to grow at a Compound Annual Growth Rate (CAGR) of 4.8% from 2024 to 2032. This growth can be attributed to several key factors driving market expansion. Firstly, the increasing demand for dairy products with extended shelf life and easy storage capabilities is propelling the market growth. Additionally, the rising adoption of dried milk in the food processing industry for its convenience and cost-effectiveness is further boosting market demand.
One of the prominent trends in the dried milk market is the growing popularity of dairy alternatives. Consumers are increasingly seeking plant-based milk alternatives due to lactose intolerance, dietary preferences, and environmental concerns. This trend has led to the development of various plant-based powdered milk alternatives, challenging the traditional dairy market. Companies are innovating to cater to this shifting consumer preference, offering a wide range of plant-based dried milk products.
Another significant trend is the increasing focus on product innovation and diversification. Manufacturers are introducing flavored and fortified dried milk products to cater to evolving consumer preferences. For instance, fortified dried milk powder with added vitamins and minerals is gaining traction among health-conscious consumers. Moreover, the development of organic and premium dried milk products is appealing to a niche market segment seeking high-quality dairy products.
In terms of regional market distribution, leading markets for dried milk include North America, Europe, and Asia Pacific. North America dominates the market due to the high consumption of dairy products and the presence of key players in the region. Europe follows closely, driven by the growing demand for convenient and long-lasting dairy products. Asia Pacific is experiencing significant growth attributed to the rising population, changing dietary habits, and increasing disposable income in emerging economies.
Despite the market’s growth prospects, several challenges need to be addressed. One key challenge is the fluctuating prices of raw milk, which directly impact the production costs of dried milk. Manufacturers need to implement effective cost management strategies to mitigate the impact of price volatility. Additionally, stringent regulations and quality standards in the dairy industry pose challenges for market players in terms of compliance and product consistency.
In conclusion, the dried milk market is poised for steady growth driven by factors such as convenience, extended shelf life, and evolving consumer preferences. To capitalize on this growth, companies should focus on product innovation, address regional market dynamics, and navigate challenges such as raw material price fluctuations and regulatory compliance.
This report provides a deep insight into the global Dried Milk market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Dried Milk Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Dried Milk market in any manner.
Global Dried Milk Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Danone
Nestle
FrieslandCampina
Arla
Vreugdenhil Dairy
Alpen Dairies
California Dairies
DFA
Lactalis
Land O’Lakes
Fonterra
Westland
Tatura
Burra Foods
MG
Ausino
Yili
Mengniu
Feihe
Wondersun
Market Segmentation (by Type)
Skim Fat Dried Milk
Whole Fat Dried Milk
Others
Market Segmentation (by Application)
Dairy Products Processing
Bakery
Snacks
Others
Geographic Segmentation
• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Dried Milk Market
• Overview of the regional outlook of the Dried Milk Market:
Key Reasons to Buy this Report:
• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
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Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Dried Milk Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market’s competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter’s five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.
Chapter 12 is the main points and conclusions of the report.