Dry Whole Milk Powder Market - Forecast(2023 - 2028)

Report Code: FBR 16062 Report Format: PDF + Excel

Dry Whole Milk Powder Market Overview

Dry Whole Milk Powder Market size is estimated to reach $13.2 billion by 2027, growing at a CAGR of 2.5% during the forecast period 2022-2027. A white or cream-colored powder derived by dehydrating or removing the moisture from milk whose fat content has not been stripped is called Dry Whole Milk Powder. The techniques of preparing powdered milk at home involve spray drying, drum drying, and freeze drying. The primary purpose behind drying milk is to elongate its shelf life. Dry Whole Milk Powder has plenty of applications and is used in dairy products, confectionery items, infant formula, nutrient supplements, and in biotechnology as a saturating agent. Moreover, as compared to its alternatives including skimmed milk, the whole dry milk has a richer creamy taste and presence of nutrients. Nevertheless, many consumers with lactose intolerance prefer buying other options like skimmed milk because of their low-fat content. Eventful lifestyles of consumers, rising disposable income levels, widescale urbanization, bettering retail networks in developing countries, the surging demand for confectioneries and dietary supplements, and rising health consciousness among consumers are factors set to drive the growth of the Dry Whole Milk Powder Market for the period 2022-2027.

Report Coverage

The report: “Dry Whole Milk Powder Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Dry Whole Milk Powder Market.

By Category: Conventional and Organic.
By Source: Buffalo, Cow, Sheep, and Camel.
By Drying Technique: Drum drying, Freeze drying, Spray drying, and Others.
By Application: Dairy products, Confectionary, and bakery items, Ready to Eat and nutritional foods, Infant nutrition, Protein supplements, and Others.
By Distribution Channel: Offline and Online.
By Packaging: Plastic containers and Stand-up pouches.
By End User: Households and Food Service providers.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest of World (the Middle East and Africa).

Key Takeaways

  • Geographically, the Asia-Pacific Dry Whole Milk Powder Market accounted for the highest revenue share in 2021. The growth is owing to changing lifestyles of people, rising working population, swift urbanization, rising disposable income levels, bettering retail infrastructure, and high dairy consumption compared to other parts of the world.
  • Expanding cuisine culture with rapid globalization, soaring confectionery and bakery market, broadening health attentiveness among people, and escalating demand for infant formula is said to be pre-eminent drivers driving the growth of the Dry Whole Milk Powder Market. The enlarging veganism trend, surging inflation rates, and unemployment post-covid-19 are the factors said to reduce the market growth.
  • Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Dry Whole Milk Powder Market report.

Dry Whole Milk Powder Market Share, By Region (%) in 2021


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Dry Whole Milk Powder Market Segment Analysis-By Distribution Channel

The Dry Whole Milk Powder Market based on the distribution channel can be further segmented into offline and online. The offline segment held the largest share in 2021. The growth is owing to convenience and leaning of people towards modern lifestyle, Increase in Supermarket/Hypermarkets outlets all over the works, especially in developing countries, Convenient and comfortable shopping which save the time of consumers, sweeping increase in urbanization, migration of people from rural to urban areas for a better lifestyle, extended demand due to increase in population. However, the online segment is estimated to be the fastest-growing with a CAGR of 3.7% over the forecast period 2022-2027. This growth is owing to proliferating dominance of online shopping platforms as they offer a variety of advantages such as tranquil and economic shopping. In addition, growing smartphone users, a rise in the tech-friendly population, the spiraling trend of work-from-home jobs, and internet penetration in impoverished areas are additional factors aiding the demand.

Dry Whole Milk Powder Market Segment Analysis-By Source

The Dry Whole Milk Powder Market based on the source can be further segmented into Buffalo, Cow, Sheep, and Camel. The cow milk segment held the largest share in 2021. The growth is owing to its cost-effective and nutrient-rich nature. Cow milk is deemed to possess iodine, vitamin B12, whey and casein, and magnesium; as a result, cow milk consumption helps in inhibiting bacterial growth, reducing high blood pressure, and augmenting bone development. Cow milk has become a primary ingredient for confectionery manufacturers globally. For instance, it plays a vital role in the making of Gulab Jamun and Chum Chum (the most famous Indian desserts or sweets). It is also used in several nut butter recipes with an aim to absorb the oil, nevertheless, the cow and camel milk segment is estimated to be the fastest-growing segment with a CAGR of 4.0% over the forecast period 2022-2027. This growth is owing to rising incidences of growth stunting because of malnutrition. Camel milk owing to its calcium, iron, and potassium-rich nature plays a significant role in promoting body growth.

Dry Whole Milk Powder Market Segment Analysis-By Geography

The Dry Whole Milk Powder Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. The Asia-Pacific held the largest share with 35% of the overall market in 2021. The growth in this segment is owing to the factors such as high consumption of dairy and associated products. China, Indonesia, and New Zealand are known for their sizable dry whole milk powder consumption. In 2020, China’s consumption was recorded at 2,185 thousand metric tons. Nevertheless, Asia-Pacific is expected to be the fastest-growing segment over the forecast period 2022-2027. This growth is owing to a high working population, colossal base of middle-class consumers, rapid urbanization, eventful lifestyles of people, and soaring disposable incomes of consumers in developing nations like India, China, and Indonesia. Nevertheless, visionary steps undertaken by the governments to promote domestic industries have further aided the market in the said segment.

Dry Whole Milk Powder Market Drivers

Rising usage of Dry whole Milk Powder in nutritional food products is anticipated to boost market demand.

Following the spike in breast cancer incidences and broadening participation of women in sharing household responsibilities, the overall demand for baby or infant formula has increased. According to a report published by LA Leche League International in 2021, globally about 41% of all babies are breastfed exclusively for six months and only 45% continue to breastfeed for up to two years. However, there are also large differences in breastfeeding rates across regions. This shows the hampered rate of breastfeeding globally generating demand for baby or infant formulas. Additionally, according to WHO, nearly 2.3 million women across the globe were afflicted with breast cancer in 2020; where, 685,000 lost their lives. In addition to that, malnutrition among children and nutrient deficiency has propelled the demand for dietary supplements. According to a report, nearly 35 percent of children (<5 years of age) in India were found to be stunted. Nevertheless, the same problem exists in the African continent. Moreover, dry whole milk has become an inextricable part of food aid supplies distributed by the United Nations in war-torn or impoverished areas.

Rapid urbanization, growing tea consumption, and soaring disposable income levels are expected to boost market demand.

Unlike villages, the lives of people in urban areas are quite dynamic and eventful. Consequently, dry whole milk owing to its long shelf life has become an inextricable part of consumers' lives. As of now, approximately 59 percent of the global population (4.46 billion) is residing in urban centers across the globe, but before long the figure is projected to reach 68 percent (6.68 billion). In addition to that, surging demand for tea in both developing and developed countries has aided the market. According to the Tea Association of the USA, in 2021, tea consumption in the US reached 3.9 billion gallons. On another hand, Turkey’s annual per capita tea consumption in 2021 was 3.16 kg. Also, the soaring disposable incomes of consumers not only in developed but in developing countries also have triggered the growth of the aforementioned market.

Dry Whole Milk Powder Market Challenges

Budding veganism trend, lowering demand because of COVID-19, and soaring inflation rates are Anticipated to hamper the market growth.

As animal welfare organizations are ramping up their efforts to spread awareness about animal cruelty, the size of the vegan population is broadening slowly. According to statistics published by a charity firm, the Vegan Society, in 2021 alone, it registered 16,439 products with The Vegan Trademark. Further, the Vegan Trademark is present in 87 countries around the world, with over 50% of products registered coming from companies based outside of the UK. Also, the non-operationality of foodservice providers due COVID-19 has posed a severe challenge to the steady growth of the above-said market. Nevertheless, soaring inflation rates after the Ukraine-Russia conflict are likely to impact the dry whole powder milk market negatively.

Dry Whole Milk Powder Industry Outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the aforementioned Market. Dry Whole Milk Powder Market top 10 companies include:

  1. Agri-Dairy Products Inc.
  2. Chicago Dairy Corporation
  3. Gerber California Inc
  4. AgMotion Dairy
  5. Bluegrass Dairy & Food
  6. DJL Management LLC.
  7. Dairy Farmers of America Inc.
  8. Glanbia Plc.
  9. California Dairies Inc.
  10. Fonterra Co-operative Group Ltd.

Recent Developments

  • On November 10, 2021, Glanbia Co-op took complete ownership of Glanbia Ireland by buying Glanbia plc’s 40% stake and delivering a €168 million spin-out of plc shares to Members. Glanbia Co-op inked a non-binding agreement with Glanbia plc to take complete ownership of Glanbia Ireland (GI). At present, Glanbia Ireland operates as a strategic joint venture, where 60% is owned by Glanbia Co-op and 40% is owned by Glanbia plc.\
  • On May 4, 2020, Kansas, United States-based milk cooperative “Dairy farmers of America” announced the successful acquisition of 44 properties of Dallas, Texas-based food and beverage firm “Dean Foods.” The total value of the transaction stands at around $433 million.
  • On May 21, 2019, California Dairies Inc, a US-based farmer-owned cooperative company known for its dairy products, announced the successful acquisition of Turlock, California-based milk facility from Hilmar Cheese (a company known for its whey products and cheese manufacturing). The acquisition has strengthened the powder milk production portfolio of CDI.

Relevant Links:

Powdered Milk Market – Forecast (2022 - 2027)

Report Code: FBR 0335

North America Dairy Products Market – Forecast (2022 - 2027)

Report Code: CPR 0066

Infant & Mother Nutrition Market – Forecast (2022 - 2027)

Report Code: FBR 0079 

For more Food and Beverage Market reports, please click here

1. Dry Whole Milk Powder Market Overview
    1.1 Definitions and Scope
2. Dry Whole Milk Powder Market - Executive Summary
3. Dry Whole Milk Powder Market– Market Landscape
    3.1 Company Benchmarking- Key Companies
    3.2 Key Company Financial Analysis
    3.3 Market Share Analysis
    3.4 Patent Analysis-Global
    3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Dry Whole Milk Powder Market– Startup Company Scenario (Premium)
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Dry Whole Milk Powder Market– Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Scenario
    5.2 New Business and Ease of Doing business index-Global
    5.3 Case Studies of Successful Ventures
6. Dry Whole Milk Powder Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Dry Whole Milk Powder Market– By Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Dry Whole Milk Powder Market - By Category (Market Size –$Million/$Billion) 
    8.1 Conventional
    8.2 Organic
9. Dry Whole Milk Powder Market - By Source (Market Size –$Million/$Billion) 
    9.1 Buffalo
    9.2 Cow
    9.3 Sheep
    9.4 Camel
10. Dry Whole Milk Powder Market - By Drying Technique (Market Size –$Million/$Billion) 
    10.1 Drum drying
    10.2 Freeze-drying
    10.3 Spray drying
    10.4 Others
11. Dry Whole Milk Powder Market - By Application (Market Size –$Million/$Billion) 
    11.1 Dairy products
    11.2 Confectionary and bakery items
    11.3 Ready to Eat and nutritional foods
    11.4 Infant nutrition
    11.5 Protein supplements
    11.6 Others
12. Dry Whole Milk Powder Market - By Distribution Channel (Market Size –$Million/$Billion) 
    12.1 Offline
    12.2 Online
13. Dry Whole Milk Powder Market – By Packaging (Market Size –$Million/$Billion) 
    13.1 Plastic containers
    13.2 Stand-up pouches
14. Dry Whole Milk Powder Market - By End User (Market Size –$Million/$Billion) 
    14.1 Households
    14.2 Food Service providers
15. Dry Whole Milk Powder Market- By Geography (Market Size -$Million/Billion)
    15.1 North America
        15.1.1 U.S
        15.1.2 Canada
        15.1.3 Mexico 
    15.2 Europe
        15.2.1 Germany
        15.2.2 France
        15.2.3 UK
        15.2.4 Italy
        15.2.5 Spain
        15.2.6 Russia
        15.2.7 Rest of Europe
    15.3 Asia-Pacific
        15.3.1 China
        15.3.2 Japan
        15.3.3 South Korea
        15.3.4 India
        15.3.5 Australia & New Zealand
        15.3.6 Rest of Asia-Pacific 
    15.4 South America
        15.4.1 Brazil
        15.4.2 Argentina
        15.4.3 Chile
        15.4.4 Colombia
        15.4.5 Rest of South America
    15.5 Rest of the World
        15.5.1 Middle East
        15.5.2 Africa
16. Dry Whole Milk Powder Market- Market Entropy
    16.1 New product launches
    16.2 M&A's, collaborations, JVs and partnerships
17. Dry Whole Milk Powder Market– Industry Competition Landscape (Premium)
    17.1 Market Share Analysis
        17.1.1 Global Market Share – Key Companies
        17.1.2 Market Share by Region – Key Companies
        17.1.3 Market Share by Countries – Key Companies
    17.2 Competition Matrix
    17.3 Best Practices for Companies
18. Dry Whole Milk Powder Market– Key Company List by Country Premium (Premium)
19. Dry Whole Milk Powder Market- Company Analysis
    19.1 Company 1
    19.2 Company 2
    19.3 Company 3
    19.4 Company 4
    19.5 Company 5
    19.6 Company 6
    19.7 Company 7
    19.8 Company 8
    19.9 Company 9
    19.10 Company 10
"*Financials would be provided on a best-efforts basis for private companies*"

LIST OF TABLES

1.Global Dry Whole Milk Powder Market Analysis and Forecast By Product Type Market 2019-2024 ($M)
2.Global Dry Whole Milk Powder Market Analysis and Forecast By Sales Channel Market 2019-2024 ($M)
3.Global Dry Whole Milk Powder Market Analysis and Forecast By Product Type Market 2019-2024 (Volume/Units)
4.Global Dry Whole Milk Powder Market Analysis and Forecast By Sales Channel Market 2019-2024 (Volume/Units)
5.North America Dry Whole Milk Powder Market Analysis and Forecast By Product Type Market 2019-2024 ($M)
6.North America Dry Whole Milk Powder Market Analysis and Forecast By Sales Channel Market 2019-2024 ($M)
7.South America Dry Whole Milk Powder Market Analysis and Forecast By Product Type Market 2019-2024 ($M)
8.South America Dry Whole Milk Powder Market Analysis and Forecast By Sales Channel Market 2019-2024 ($M)
9.Europe Dry Whole Milk Powder Market Analysis and Forecast By Product Type Market 2019-2024 ($M)
10.Europe Dry Whole Milk Powder Market Analysis and Forecast By Sales Channel Market 2019-2024 ($M)
11.APAC Dry Whole Milk Powder Market Analysis and Forecast By Product Type Market 2019-2024 ($M)
12.APAC Dry Whole Milk Powder Market Analysis and Forecast By Sales Channel Market 2019-2024 ($M)
13.MENA Dry Whole Milk Powder Market Analysis and Forecast By Product Type Market 2019-2024 ($M)
14.MENA Dry Whole Milk Powder Market Analysis and Forecast By Sales Channel Market 2019-2024 ($M)

LIST OF FIGURES

1.US Dry Whole Milk Powder Market Revenue, 2019-2024 ($M)
2.Canada Dry Whole Milk Powder Market Revenue, 2019-2024 ($M)
3.Mexico Dry Whole Milk Powder Market Revenue, 2019-2024 ($M)
4.Brazil Dry Whole Milk Powder Market Revenue, 2019-2024 ($M)
5.Argentina Dry Whole Milk Powder Market Revenue, 2019-2024 ($M)
6.Peru Dry Whole Milk Powder Market Revenue, 2019-2024 ($M)
7.Colombia Dry Whole Milk Powder Market Revenue, 2019-2024 ($M)
8.Chile Dry Whole Milk Powder Market Revenue, 2019-2024 ($M)
9.Rest of South America Dry Whole Milk Powder Market Revenue, 2019-2024 ($M)
10.UK Dry Whole Milk Powder Market Revenue, 2019-2024 ($M)
11.Germany Dry Whole Milk Powder Market Revenue, 2019-2024 ($M)
12.France Dry Whole Milk Powder Market Revenue, 2019-2024 ($M)
13.Italy Dry Whole Milk Powder Market Revenue, 2019-2024 ($M)
14.Spain Dry Whole Milk Powder Market Revenue, 2019-2024 ($M)
15.Rest of Europe Dry Whole Milk Powder Market Revenue, 2019-2024 ($M)
16.China Dry Whole Milk Powder Market Revenue, 2019-2024 ($M)
17.India Dry Whole Milk Powder Market Revenue, 2019-2024 ($M)
18.Japan Dry Whole Milk Powder Market Revenue, 2019-2024 ($M)
19.South Korea Dry Whole Milk Powder Market Revenue, 2019-2024 ($M)
20.South Africa Dry Whole Milk Powder Market Revenue, 2019-2024 ($M)
21.North America Dry Whole Milk Powder By Application
22.South America Dry Whole Milk Powder By Application
23.Europe Dry Whole Milk Powder By Application
24.APAC Dry Whole Milk Powder By Application
25.MENA Dry Whole Milk Powder By Application
26.Dry Whole Milk Powder Market Product Type list, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Dry Whole Milk Powder Market Product Type Sales Data and Key Financials, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Lactalis Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Fonterra, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.FrieslandCampina, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Danone, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Belgomilk, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Danadairy, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Saputoingredients, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Almira, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Amul, Sales /Revenue, 2015-2018 ($Mn/$Bn)