Skim Milk Powder Market by Application (Bakery & Confectionary, Food & Beverages, and Infant Formulas), Distribution Channel (B2B and B2C): Global Opportunity Analysis and Industry Forecast, 2018–2025
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Jan 2020 |
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Milk powders are used by consumers as a substitute for fresh milk and are manufactured to meet certain specifications and standards for composition. Skim milk refers to the milk, which has undergone fat removal process and consists of emulsifying and foaming properties. The skim milk powder is enriched with calcium, iron, and folate and has major applications as ingredients in manufactured dairy and processed food products. They include ice-cream, cultured milks and yogurts, chocolate, confectionery, bakery products, soups, and sauces.
The demand for convenience foods and beverages is on the rise owing to the increase in urbanization and busy lifestyles of individuals. Consumers are always on the lookout for products which can provide ease of use and health benefits at the same time. The use of skim milk powder in the preparation of beverages such as instant tea and coffee has gained multifold importance and thereby has been used extensively. This factor majorly drives the market demand for skim milk powder. In addition, the use of skim milk powder in infant formula due to its nutritional value has gained momentum. Babies who are breast feeding intolerant or cannot receive the required nutrition are recommended skim milk powder formulas for proper growth. This factor helps boost the market demand for skim milk powder. The powder contains oxidized cholesterol, which has certain side effects on human health. The increase in awareness among the consumers is expected to restrict the growth of the market.
On the contrary, with the increase in health issues such as obesity, consumers prefer bakery items which have lesser calories. Skim milk has fewer calories and lesser fats. This makes the powder an ideal ingredient for baking goods for many consumers who are becoming increasingly health conscious. The manufacturers can thereby view this as an opportunity for further growth and expansion.
The market is segmented based on application, distribution channel, and region. Based on application, it is classified into bakery & confectionary, food & beverages, and infant formulas. Based on distribution channel, it is bifurcated into B2B and B2C. Based on region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players in the market include Nova Dairy, Hoogwegt, Ananda Dairy Ltd., Lactalis American Group, Inc., Umang Daries Pvt. Ltd., DairyAmerica, Inc., Burra Foods Australia., Saputo Inc., Dairygold Co-Operative Society Ltd., and ALPEN FOOD GROUP B.V.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an in-depth analysis of the current trends, drivers, and dynamics of the skim milk powder market to elucidate the prevailing opportunities and tap the investment pockets.
- It offers qualitative trends as well as quantitative analysis of the global market from 2018 to 2025 to assist stakeholders to understand the market scenario.
- In-depth analysis of the key segments demonstrates the applications of skim milk powder and its distribution channels.
- Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities.
- Key market players are profiled to understand the competitive outlook of the market.
KEY MARKET SEGMENTS
By Application
- Bakery & Confectionery
- Food & Beverages
- Infant Formulas
By Distribution Channel
- B2B
- B2C
- Online Retail
- Supermarket/Hypermarket
- Departmental Store
- Convenience Store
- Specialty Store
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Spain
- Rest of Europe
- Asia-Pacific
- India
- China
- Australia
- Japan
- Rest of Asia-Pacific
- LAMEA
- Turkey
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Players In The Market Include
- Nova Dairy
- Hoogwegt
- Ananda Dairy Ltd.
- Lactalis American Group, Inc.
- Umang Daries Pvt. Ltd.
- DairyAmerica, Inc.
- Burra Foods Australia
- Saputo Inc.
- Dairygold Co-Operative Society Ltd.
- ALPEN FOOD GROUP B.V.
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