Global Dry Whole Milk Powder Market size shall experience significant market growth in upcoming years. Increasing disposable incomes and improving living standards resulted in rising consumption of bakery & confectionery products which is driving the market growth. Dry whole milk powder contains the same ingredients as regular milk in a concentrated form.
It is made from pasteurized whole milk wherein the water is removed by roller drying or sometimes spray. It exhibits longer shelf life than regular fresh milk. Due to hectic lifestyles schedules of consumers, they are highly preferring dry milk powder as a subsequent alternative. Dry whole milk powder is white to light cream in color with pleasing and natural milk taste.
Emerging food and beverage industry is supporting the product growth in this segment owning to growing application of dry whole milk powder in various cuisines. Rising usage of product in bakery goods influencing the product demand. Rising per capita income and developed living standards creates a surge in baker and confectionery product demand, thereby driving the dry whole market growth.
Dry whole milk gives similar taste as natural milk in addition to its higher nutritive values, easy and quick dissolving in hot water supporting products penetration globally. Moreover, milk and milk products are perishable in nature, which increases consumers inclination towards milk powders both in domestic as well as industrial level. Rising application of milk powders in desserts and chocolates manufacturing promoting the product demand.
Increasing application of milk powder in beverage, bakery & confectionery, frozen desserts, sweet & savory snacks, RTE products and in infant nutrition products is likely to support dry whole powder market growth in upcoming years.
Moreover, increasing investments & high spending in R&D in the F&B industry is driving the global dry whole milk powder market. Many small manufacturers contribute larger portion in global market owning to economical transportation and comparatively low maintenance required. Dry whole milk powder is made by removing all water contains and removing moistures to high extent which results in long shelf life and convenient transportation thereby leading to reduced volume and weight.
North America is expected to witness high market growth in upcoming years owning to rapidly growing product demand from food and beverage industry. Improving lifestyle and hectic schedule of population switch consumer preference towards frozen, RTE and bakery goods which is likely to support product market in urban countries such as U.S, Canada and Mexico. Dry whole milk powder is used in making many frozen desserts, beverages and in several RTE products, there by showing significant dry whole milk powder market growth.
Europe dry whole milk powder is likely to experience significant market growth over forecasted period. Growing demand for baker and confectionary products due to improving financial status and living standards boosting product demand. Growing application of dry whole milk powder in different cuisines and sweet snacks in hotel and restaurants industry owning to its longer shelf life boosting the segments growth, thereby driving dry whole milk powder market size.
Asia Pacific market led by China and India is expected to garner high growth owing to increasing per capita income and rising investments in food and beverage industry in developing countries. Food and beverage market is expected to show rapid growth in upcoming years due to rapidly increasing population in this region. Additionally, increasing awareness regarding milk powder application in various sectors like bakery goods, frozen desserts and in savory snacks promoting product demand.
The primary market players in dry whole milk powder market include Danone, Nestle, Saputo Ingredients Almira, Fonterra, Lactalis Group, Belgomilk, Dana Dairy, Friesland Campina, and Amul.
Dry whole milk powder Market, By Product Type, 2015-2026 (Tons) (USD Million)
Dry whole milk powder Market, By Application, 2015-2026 (Tons) (USD Million)
Dry whole milk powder Market, By Distribution channel, 2015-2026 (Tons) (USD Million)
The above information is provided for the following regions and countries: