Milk Powder Market to reach $38.08 Bn, Globally, by 2025 at 4.4% CAGR

AMR - Seite 2

Based on type, the whole milk powder segment contributed to the highest market share in 2017, accounting for more than half of the global milk powder market, and is expected to maintain its highest contribution during the forecast period. This is attributed to high number of calories and major ingredients in food that require thick consistency. However, the skimmed milk powder segment is estimated to register the fastest CAGR of 5.3% from 2018 to 2025, owing to popularity of health-conscious consumers for its low-calorie content.

The confectionaries segment maintain its lead position in terms of revenue by 2025

Based on application, the confectionaries segment accounted for nearly two-fifths of the global milk powder market in 2017, and will maintain its lead position in terms of revenue by 2025. This is due to product innovations in terms of processing, formulations, and packaging. However, the infant formulas segment is projected to portray the highest CAGR of 5.7% from 2018 to 2025, owing to viable alternatives for working mothers to feed their babies.

LAMEA, followed by North America, to the fastest

Based on region, LAMEA, followed by North America, is estimated to register the fastest CAGR of 5.5% during the forecast period. This is attributed to surge in dependency on packaged items and increase in consumption of infant formula. However, Asia-Pacific held the largest market share in 2017, contributing to more than two-fifths of the total share of the global milk powder market, and will maintain its dominance during the forecast period. This is due to changes in lifestyle and penetration of internet and social media leading to ease in availability of processed and packaged food.

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Leading market players

• Arla Foods amba
• Dairy Farmers of America Inc.
• Danone
• Dean Foods Company
• Fonterra Co-operative Group
• Kraft Foods Inc.
• Lactalis Group
• Nestle S.A.
• Saputo Inc.
• Schreiber Foods Inc.

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