Market Analysis
Global Skim Milk Powder Market has witnessed an impressive growth over the last few years. Skim milk powder is the end product of partial fat and water removal from milk. The protein content of the milk remains same after the pasteurization process. Skim milk powder is a non-fat dry milk and it offers high nutritional value owing to the presence of high animal protein and various minerals. Global skim milk powder market is anticipated to be driven by the rising growth of food & beverages industry. Rise in number of working women drives the growth of the global whole milk powder market. For instance, owing to work loads and time limitations, women are inclined towards the use of infant formula as a substitute of breast milk. Moreover, as per the World Health Organization (WHO) whole milk powders have high nutritional content that makes it ideal as well as essential for the growth of infants. Moreover, instant whole milk powder contains more than 76% protein and all the essential amino acids required by the growing infant. In addition, consumption of regular whole milk powder by women as an alternative to soy and casein proteins for infant nutrition is further expected to surge the market growth.
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Competitive Analysis
Global Skim Milk Powder Market is competitive with major market players operating at the global level. The skim milk powder market is highly fragmented owing to the presence of local & unorganized players. Key manufacturers are launching new products in order to enhance the overall product portfolio of the company. Also, the key players are expanding their business across geographies to cater the rising demand for skim milk powder.
The key players profiled in Skim Milk Powder Market are Nestle S.A. (Switzerland), DairyAmerica, Inc. (U.S.), Alpen Dairies (Netherland), Fonterra (New Zealand), Miraka (New Zealand), Lactoland (Germany), Nova Dairy products (India).
Regional Analysis
Global skim milk powder market is segmented by region which comprises of North America, Europe, Asia Pacific and Rest of the World. Among all the regions, North America is accounting for significant market share in global skim milk powder market and it is expected to retain its dominance throughout the forecast period of 2017-2023. The growth of the skim milk powder in North America region is anticipated to be driven by the various factors. The demand for skim milk powder has increased especially in the nutrition industry owing to its characteristics of mass gain, improved immunity, increase in strength, and fat loss. Factors such as potential health benefits of nutritional and nutraceutical ingredients (polyphenols and fatty acids), high demand for milk-based ingredients in skin & hair care cosmetics, and easy availability of caseins and caseinate drives the North America skim milk powder market.
Among the North American countries, the U.S. is estimated to hold a major market share of 82% in the North America skim milk powder market in the year of 2018 and the trend is expected to continue throughout the forecast period. Europe is also anticipated to account for the 30% of the market share in the global skim milk powder market. However, Asia Pacific is projected to expand at the highest CAGR during the forecast period of 2017-2023.
Market Segments
Global Skim Milk Powder Market has been divided into type, packaging, form, distribution channel and Region
On the Basis of Type: Black skim milk powder, white skim milk powder, green skim milk powder, oolong skim milk powder, and others
On the Basis of Packaging: Loose skim milk powder, skim milk powder-bag, instant skim milk powder, bottled & canned skim milk powder, and others
On the Basis of Form: Powder, leaf, and others
On the Basis of Distribution Channel: Food retail (Supermarkets & Hypermarkets, Convenience stores specialty retailers, and others), food service
On the Basis of Region: North America, Europe, Asia Pacific and Rest of the World
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