ALBANY, New York, September 11, 2017
ALBANY, New York, September 11, 2017 /PRNewswire/ --
According to a report by Transparency Market Research, the growth of the global market for dry whole milk powder will be moderate over the 2017-2022 forecast period. The global dry whole milk powder is expected to expand at a CAGR of 4.6% between 2017 and 2022, for the market's valuation to become US$12,761.1 mn by the end of 2022 from US$10,205.3 mn in 2017. Following are the insights revealed from the report how the global dry whole milk powder market will sail through until 2022.
Dry whole milk powder is a product obtained by removing water from whole milk. The fat content in whole milk powder usually ranges from 26% to 40% and the water content ranges from 3-5%. Converting milk into milk powder addresses the perishability concern of dairy products. Milk powder has an extended shelf life and can be stored up to one year without substantial loss of quality. Milk powder is particularly desirable in places with temperature extremities and poor transport facilities.
The advantage of reduced bulk for economy of transportation also accounts for a key factor for conversion of milk into milk products. In addition, rising disposable incomes in emerging nations is leading to adoption of Western practices of stocking up food in in the pantry is also boosting sales of powdered milk. The increasing purchasing power of individuals in several parts of the world leading to rising demand for confectionery and bakery products is also driving sales of powdered milk that is available in a few types.
On the contrary, concerns of lack of essential nutrients such as vitamin C, vitamin B12, and thiamin in whole milk powder and incidents of infant deaths due to consumption of adulterated powdered milk is leading to dwindling sales of the powdered milk.
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Key Insights on Global Dry Whole Milk Powder Market
The report mentions and profiles leading players in the global dry whole milk powder market. These include Nestle, Lactalis Group, Fronterra, FrieslandCampina, Danone, Belgomilk, Dana Dairy, Saputo Ingredients, Almira, and Amul.
Browse Research Report Press Release: http://www.transparencymarketresearch.com/pressrelease/dry-whole-milk-powder-market.htm
The global dry whole milk powder market is segmented as follows:
Global Dry Whole Milk Powder, by Product Type
Global Dry Whole Milk Powder, by Sales Channel
Global Dry Whole Milk Powder, by Application
Global Dry Whole Milk Powder, by Region
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