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Global Whole Milk Powder Market Trends, Growth, Analysis: By End Use: Dairy, Infant Formula, Bakery, Confectionery, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Price Analysis; Competitive Landscape; 2024-2032
Global Whole Milk Powder Market Outlook
The global whole milk powder market attained a volume of 6.38 million tons in 2023, growing at CAGR of 3.1% between 2024 and 2032.
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The global whole milk powder market is being driven by the increased popularity of dairy products among consumers and the thriving food and beverage industry. The industry growth is supported by factors like the rising living standards and inflating per capita income, in confluence with the growing demand for premium products, in both developed and developing nations.
The growing focus of manufacturers on providing consumers with enhanced products is giving a further boost to the industry. The fortification of whole milk powder with various nutrients like Vitamin D and calcium will add to the benefits offered by the products, thus targeting health-conscious customers.
Market Segmentation
Whole milk powder is manufactured by drying the moisture content from milk via the process of evaporation or spray drying. It is a creamy-white substance with a pleasing taste, and it further retains most of the qualities of fluid milk. During its production, the drying process lowers the moisture content of milk to 5%, which results in the formation of the product with reduced weight and a longer shelf-life. The powdered form of the product facilitates the transportation of whole milk powder over long distances without affecting its quality and taste and eliminates the need for refrigeration. The product can further be fortified with nutrients such as Vitamin D and calcium to increase its nutritional value.
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The market can be broadly categorised on the basis of its end-uses into:
- Dairy
- Infant Formula
- Bakery
- Confectionery
- Others
The major regional markets for the product include North America, Latin America, Europe, the Middle East and Africa, Europe, and the Asia Pacific.
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Market Analysis
The major factors driving the growth of the whole milk powder industry are the impressive functional properties of the product and the ease of transportation. The large number of functional properties, including hydration, colour emulsification, foaming and thickening, and dispersibility, is contributing to its increased utilisation in various food and beverage applications. It finds applications in the manufacturing of bakery products, breakfast cereals, chocolates, coffee whiteners, dairy-based deserts, milkshakes, soups and sauces, and toffees. In comparison to milk, whole milk powder is easy to handle and does not possess the threat of spillage during its transportation over long distances. Other factors such as longer shelf-life of the product, its utilisation in the preparation of recombined milk, thriving food-manufacturing industry, and increasing global population are driving the overall product demand.
Moreover, the growth of the retail sector is boosting the product sales. The growing popularity of online platforms allows consumers to make hassle-free purchases. Also, the extensive promotional activities conducted by the key players have been able to capture consumers' attention, thus, aiding the industry further.
The growing demand for premium products and the growing penetration of key players in both developed and developing nations is significantly contributing to the industry growth. Over the forecast period, constant product innovations and the launch of a new range of whole milk powder like lactose-free variants are expected to aid the industry growth.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global whole milk powder market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Lactalis International
- Nestle SA
- Dairy Farmers of America
- Danone SA
- Fonterra Co-operative Group
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Whole Milk Powder Market Analysis
8.1 Key Industry Highlights
8.2 Global Whole Milk Powder Historical Market (2018-2023)
8.3 Global Whole Milk Powder Market Forecast (2024-2032)
8.4 Global Whole Milk Powder Market by End Use
8.4.1 Dairy
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Infant Formula
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Bakery
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Confectionery
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Whole Milk Powder Market by Region
8.5.1 North America
8.5.2 Europe
8.5.3 Asia Pacific
8.5.4 Latin America
8.5.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
13 Manufacturing Process
13.1 Detailed Process Flow
13.2 Operations Involved
13.3 Mass Balance and Raw Material
14 Project Details, Requirements and Cost Involved
14.1 Land, Location and Site Development
14.2 Construction
14.3 Plant Layout
14.4 Plant Machinery
14.5 Raw Material Requirement
14.6 Packaging
14.7 Transportation
14.8 Utilities
14.9 Manpower
14.10 Other Capital Investment
15 Loans and Financial Assistance
16 Project Economics
16.1 Capital Cost of Project
16.2 Techno-Economic Parameters
16.3 Product Pricing and Margins
16.4 Taxation and Depreciation
16.5 Income Projections
16.6 Expenditure Projections
16.7 Financial Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Lactalis International
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Financial Summary
17.2.1.5 Certifications
17.2.2 Nestle SA
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Financial Summary
17.2.2.5 Certifications
17.2.3 Dairy Farmers of America
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Financial Summary
17.2.3.5 Certifications
17.2.4 Danone SA
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Financial Summary
17.2.4.5 Certifications
17.2.5 Fonterra Co-operative Group
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Financial Summary
17.2.5.5 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Whole Milk Powder Market: Key Industry Highlights, 2018 and 2032
2. Global Whole Milk Powder Historical Market: Breakup by End Use (Million Tons), 2018-2023
3. Global Whole Milk Powder Market Forecast: Breakup by End Use (Million Tons), 2024-2032
4. Global Whole Milk Powder Historical Market: Breakup by Region (Million Tons), 2018-2023
5. Global Whole Milk Powder Market Forecast: Breakup by Region (Million Tons), 2024-2032
6. North America Whole Milk Powder Historical Market: Breakup by Country (Million Tons), 2018-2023
7. North America Whole Milk Powder Market Forecast: Breakup by Country (Million Tons), 2024-2032
8. Europe Whole Milk Powder Historical Market: Breakup by Country (Million Tons), 2018-2023
9. Europe Whole Milk Powder Market Forecast: Breakup by Country (Million Tons), 2024-2032
10. Asia Pacific Whole Milk Powder Historical Market: Breakup by Country (Million Tons), 2018-2023
11. Asia Pacific Whole Milk Powder Market Forecast: Breakup by Country (Million Tons), 2024-2032
12. Latin America Whole Milk Powder Historical Market: Breakup by Country (Million Tons), 2018-2023
13. Latin America Whole Milk Powder Market Forecast: Breakup by Country (Million Tons), 2024-2032
14. Middle East and Africa Whole Milk Powder Historical Market: Breakup by Country (Million Tons), 2018-2023
15. Middle East and Africa Whole Milk Powder Market Forecast: Breakup by Country (Million Tons), 2024-2032
16. North America Historical Price Trends and Forecast 2018-2032
17. Europe Historical Price Trends and Forecast 2018-2032
18. Asia Pacific Historical Price Trends and Forecast 2018-2032
19. Latin America Historical Price Trends and Forecast 2018-2032
20. Middle East and Africa Historical Price Trends and Forecast 2018-2032
21. Global Whole Milk Powder Market Structure
Key Questions Answered in the Report
In 2023, the global whole milk powder market attained a volume of nearly 6.38 million metric tons.
The market is projected to grow at a CAGR of 3.1% between 2024 and 2032.
The major drivers of the market are rising disposable incomes, thriving retail sector, growing shift towards dairy products, increased focus on food fortification, longer shelf life of the product, and growing technological advancements.
The key trends guiding the growth of the market include the launch of lactose-free whole milk powder variants with enhanced functional properties and the ease of availability.
The major regions in the market are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Dairy, infant formula, bakery, and confectionery are the major end uses of whole milk powder in the market.
The major players in the market are Lactalis International, Nestle SA, Dairy Farmers of America, Danone SA, and Fonterra Co-operative Group, among others.
Analyst Review
The global whole milk powder market attained a volume of 6.38 million tons in 2023, driven by the rising demand for dairy products, and ease of handling and transportation of whole milk powder. Aided by the growing innovations in the industry and the development of lactose-free variants, the market is expected to witness a further moderate growth in the forecast period of 2024-2032.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its end uses, the industry can be segmented into dairy, infant formula, bakery, and confectionery, among others. The major regional markets for whole milk powder are North America, Latin America, Europe, the Middle East and Africa, Europe, and the Asia Pacific. The key players in the above market include Lactalis International, Nestle SA, Dairy Farmers of America, Danone SA, and Fonterra Co-operative Group, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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