The global dry milk products market was valued at USD 3,437.6 Million in 2021 and is anticipated to grow at a significant CAGR of 4.6% from 2022 to 2028. Milk powder, also known as dried milk, is a dairy product that is prepared by dehydrating liquefied milk through a series of drying operations until it is reduced to a powder. Milk powder has a much longer shelf life than liquid milk and does not need to be refrigerated, which is one of the reasons for drying it. Because of its lengthy shelf life and ready-to-use qualities, milk powder is popular among consumers. The milk powder is convenient to carry when travelling and may be used simply by combining it with water. Milk powder can also be manufactured with all of the natural features of milk, also including flavour, colour, solubility, and nutritional content, thanks to science and technology. As a result, the worldwide milk powder market is being driven by the flavour and nutritional value of milk powder.
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The increased use of milk powder in infant foods, the presence of numerous nutrients such as vitamin C, vitamin B12, thiamine, and high amounts of protein, as well as the reduced storage and transportation costs, are likely to propel the milk powder market forward throughout the forecast period. Furthermore, the growing demand for milk powder products as a result of increased awareness among fitness-conscious consumers is expected to boost the milk powder market forward. However, the inclusion of preservatives, adulteration, and the rigorous rules imposed by numerous governments on taxation, duty systems, subsidies, and the export or import of milk powder are all expected to stifle the market's growth.
The global dry milk products market segmentation:
1) By Packaging: Film Packaging, Paper Bags, FIBC/Big Bags, and Metal Cans.
2) By Product: Dry Whole Milk, Skimmed Dry Milk, Dry Butter Milk, Dry Whey, and Others.
Owing to the numerous benefits of whole milk powder in the food business, the market for this powder is expected to increase rapidly. In comparison to alternative whey products, many food makers in places such as North America and Latin America choose to use whole milk powder. If more regions follow suit, the global milk powder market is expected to rise at a breakneck pace throughout the projected timeline.
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Some of the major key players in the Dry Milk Products Market are Nestle, Danone, Lactalis, Frieslandcampina, Fonterra, Dean Foods
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