Whole Milk Powder Market Analysis:
Dairy is an important component of our diet. On a global level, dairy holds a very high space in terms of addiction. Milk and its products have a definite shelf life, which has led to the creation of the dehydrated milk or milk powder. Its an alternative to fresh milk and is made by mixing it with plain water. Created via evaporation, before drying, the milk is homogenised. Today, milk powder is found in varied formats like whole, dairy whitener, buttermilk and skimmed. Its increased shelf life, because of its low moisture content is a major attraction for dairy consumers. Powdered milk can not only be used for direct consumption but also for infant formulas, confectionaries, sweets and savoury products.
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Whole Milk Powder Market Size Analysis:
The Whole Milk Powder Market reached a volume of XX million tonnes in 2017. It is projected to reach over XX million tonnes growing at a CAGR of XX% by 2023. Geographically, the US is the leading producer of milk powder, but it is mostly for consumption, The European Union that leads the market in dairy exports produces over 8 million tonnes of milk powder, for both consumption and export. It occupies over a fifth of the total global market share. India is the largest producer of skimmed milk powder. China and France are also huge markets for powdered milk.
Major Players in Whole Milk Powder Market:
Nestle, Danone, Lactalis Group, Royal Friesland Campina N.V., Fonterra Co-operative Group, Dean Foods Company, Arla Foods, Dairy Farmers of America Inc., Kraft Foods Inc., Saputo Inc., and Schreiber Foods Inc. etc. Because of its property that offers the same nutritional value as that of regular milk and being the chosen alternative for health-conscious people, it has also extended its portfolio by being used in sports drinks and beverages.
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Whole Milk Powder Market Growth and Forecast Analysis:
Of course, the rise of milk powder has considerably hampered the growth of regular milk. And with the 2008 China scandal where hundreds of infants died by consuming adulterated milk powder, the government regulations concerning milk powder have increased. However, because of its high shelf life, it has become a necessity in places with high temperatures and low transportation facilities, owing to its low storage costs. Along with other factors like urbanization, increased income disposition, better standards of living and want of a dairy life, milk powder has gained prominence in recent times.
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