Increasing demand of bakery and confectionery products is supporting the growth of milk powder market globally. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Skim Milk Powder Market Research Report- Forecast to 2022 that the milk powder market will demonstrate an exceptional CAGR during the forecast period.
Compare to whole milk powder, the application of skim milk powder is increasing in bakery and confectionery products due to rising demand for low fat bakery and confectionery products. There is a significant growth in the use of skim milk powder in infant formula as it contains essential vitamins, minerals and protein for an infant growth. Due to low fat content and rich source of protein and vitamins, the popularity of sport and nutrition foods made from skim milk powder is growing since last few years.
In India, development of rural milk gained through milk producer’s co-operatives and movement of processed milk to urban demand centers became the cornerstone of government policy. This single policy during the late 1960s galvanized the Indian dairy industry, moving it into a growth path unparalleled in recent history in any country. This policy made by the National Dairy Development Board (NDDB) and was interpreted into action by the Operation Flood Project and the nation-wide milk co-operative network which has boosted the Skim Milk Powder market in India.
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Latest Industry Updates:
Dec 2017: Fonterra is today expected to reduce its 2017-18 milk price forecast from $6.75 per kg of milk solids, which was set in September 2017. The fragile New Zealand dollar had offset some of the dairy price fall. In the same period, the dollar had fallen by about 4c, or 5%, against the USD. The full benefit of the dollar’s fall was unlikely to be reflected in this season’s milk price which will affect the whole dairy industry in the New Zealand.
Nov 2017: U.S. suppliers shipped thousand tons of milk powder, cheese, butterfat, whey and lactose during the July-to-September period, down 2% from last year. Shipments to Mexico were also lower, falling 19% below last year’s pace.
Nov 2017: The overall dairy exports from New Zealand and Australia are declining, the European Union is showing strong export growth. Leading China’s increase in whole milk powder imports, infant formula and SMP, up a combined 96% in September 2017.
Jul 2017: Due to GST impact in India, Nestle to give benefits of reduced tax to customers by bringing down prices of Nestle products especially in milk powder category.
Key players in milk powder market are mainly located in New Zealand, The Netherlands, and India; these countries are major producers of milk powder. The presence of manufacturers also depends upon the availability of resources and demand for milk powder. Key manufactures are investing hugely to innovate efficient processing techniques and to improve packaging of milk powder to maintain high nutritional value of the product.
The key players profiled in the Skim Milk Powder market are Nestle (Switzerland), Danone (France), Lactalis (France), Arla Foods (Denmark), Kraft Foods (U.S.), Frieslandcampina (Netherlands), Fonterra (New Zealand), Dean Foods (U.S.), Land O’ Lakes (U.S.), and Saputo (Canada) among many others.
The global milk powder market has been divided into type, function, application, distribution channel and region.
On The Basis Of Type: Whole Milk Powder, Skimmed Milk Powder, and Others.
On The Basis Of Function: Emulsification, Foaming, Flavoring, Thickening, and Others.
On The Basis Of Application: Confectionery, Bakery Products, Dry Mixes, Nutrition Foods, and Others.
On The Basis Of Distribution Channel: Store Based (Supermarket/Hypermarket, Convenience Stores, Specialty Stores and Others) and Non Store Based (E-commerce)
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.
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New Zealand is the major exporter of milk powder. New Zealand mainly exports its skim milk powder to countries like China, Algeria, U.A.E., Sri Lanka, and Malaysia. After New Zealand, the Netherlands is the major exporter of skim milk powder which export the products to Middle East and African countries. After the Netherlands, France is the major exporter of milk powder which exports the products to Middle East and African countries. Asia Pacific region is emerging market for milk powder manufacturers as it has potential opportunities for milk protein market to grow due to its changing consumer food pattern and increase in economic conditions.
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