The dairy sector is thriving saliently across the globe which is fuelling demand for dairy products such as whole milk powder.
The developments in product lines of prominent market players along with advanced packaging solutions that increase the shelf life of the product will multiply revenue generation from the whole milk powder market. The nutritional value of milk is the key driving factor of market growth as a paradigm shift towards a healthy lifestyle is observed in the consumer behavior. The increase in disposable income and changing lifestyle of the consumers are propelling expansion of whole milk powder market. However, whole milk fat content and availability of substitutes in the market are poised to be the key restraints in the market over the projection period.
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Major Key Players Review:
The key players profiled by MRFR in its report on global whole milk powder to gain a deeper insight into the market include Nestle (Switzerland), Lactoland (Germany ), Miraka (New Zealand), Regilait (France), DANA Dairy Group Ltd (Switzerland), Lakeland dairies (Ireland), Alpen Dairies (Netherland), Fonterra (New Zealand), Gracia Hnos Agroindustrial SRL (Argentina), Rawa Pharm(Slovakia), and, Synlait milk ltd (New Zealand). The players strive to retain their prominence and strengthen their market footholds by strategizing tactics such as product developments, partnerships & collaborations, acquisitions, & mergers, business expansion, etc.
By process, global whole milk powder market has been segmented into spray drying, freeze drying, evaporation, and, others.
By packaging type, the market for whole milk powder is segmented into vaccum packing, nitrogen packing, and, others.
By application, the market is segmented into confectionery, bakery, dairy, infant formula, and, others.
The Ministry of Commerce and Industry, Government of India, has extended the ban on the imports of milk and milk products such as whole milk powder, skimmed milk powder, etc. including chocolates and chocolate products from China. The ban has been extended to the 23rd of December 2018. The ban was imposed on the grounds that the milk imported from China was contaminated with melamine content. Earlier, a one-year ban was imposed, but as there have been no representations from the Chinese counterparts, it has been extended.
Milk price index is launched in Australia for dairy farmers for better understanding and interpretation of commodity market price signals. With the launch of this index, farmers will be enabled to see an index of commodity prices received by dairy processors for whole milk powder, cheese, skim milk powder, and, butter exports. There will also be a forecast of prices for one year that will be updated quarterly.
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By Region, the Global Whole Milk Powder Market is segmented into North America, Europe, Asia Pacific, and, Rest of the World (RoW). Asia Pacific market is poised to grow at a steady CAGR across the forecast period. The bullish trend witnessed in the dairy sector will catalyze the demand for whole milk powder in the region. Furthermore, the increase in population and rising per capita income will catapult the market expansion by creating demand that is backed by purchasing power. North America and Europe markets are witnessing an inclination towards healthy food habits. The nutritional value of whole milk powder is accelerating the demand in these markets. Moreover, the developments in the packaged food industry of North America is further expected to propel the growth of the market. The Middle East & Africa market will exhibit growth at a moderate pace during the assessment period.
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