Market Overview:
The global enriched milk powder market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising awareness about the benefits of enriched milk powder, increasing demand for healthy and nutritious food products, and growing number of working women. The baby milk powder segment is expected to account for the majority share of the global enriched milk powder market in 2018. This can be attributed to rising demand for healthy and nutritious food products among parents, especially those who are working women. The adult milk powder segment is projected to grow at a higher CAGR during the forecast period from 2018 to 2030 owing to increasing awareness about its health benefits among adults across the globe. In terms of application, online channels are expected to account for a major share of the global enriched milk powder market in 2018. This can be attributedto growing penetrationof internet and smartphones acrossthe globe coupled with rising preferencefor convenience foodsamong consumers .
Product Definition:
Enriched milk powder is a powdered form of milk that has been enriched with vitamins and minerals. It is used as a dietary supplement, and as an ingredient in food products. Enriched milk powder is important because it provides essential nutrients that are missing from many people's diets.
Baby Milk Powder:
Baby milk powder is a by-product obtained during the manufacturing of infant formula. It consists of proteins, carbohydrates, vitamins and minerals in an amount suitable for infants. The product has high nutritional value as compared to regular cow's milk owing to the addition of various ingredients including iron, vitamin D & E and selenium among others.
The product also provides additional benefits such as improved digestion.
Adult Milk Powder:
Adult milk powder is a nutritional supplement made from cow's milk. It has higher levels of protein, calcium and vitamin D than regular whole milk. The product contains all the essential amino acids and is thus used as a substitute for human breastmilk.
The product also provides additional benefits such as improved gut health, stronger bones.
Application Insights:
Online channels were the largest application segment in 2015 and is expected to continue its dominance over the forecast period. This can be attributed to growing online retailing initiatives by supermarkets/hypermarkets, specialty stores and others. Growing e-commerce platforms have enabled consumers access to a wide range of products at their fingertips, which includes infant formulas as well as adult nutritional products such as protein powder, meal replacement supplements etc.
The demand for adult nutritional products has been on a constant rise due to changing lifestyles of people across the globe. Furthermore, rising awareness regarding health & wellness among working professionals is further anticipated to augment market growth during the forecast period. The demand for these types of powdered drinks has increased significantly in countries like China and India owing to high birth rate coupled with aging population problems there; this trend is expected continue during future years also due largely on fast food chains expanding their operations into emerging economies worldwide including China Japan South Korea Singapore Thailand Malaysia Indonesia Vietnam Philippines Brazil Argentina Colombia Mexico Saudi Arabia UAE).
Regional Analysis:
Europe dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period on account of rising demand for nutritional products from countries, such as U.K., Germany, and France among others.
The key companies operating in this industry are Danone S.A.; Nestl© S.A.; Abbott; General Mills Inc.; Jain Irrigations & Engineering Company; Amul Milk Union Ltd.
Growth Factors:
- Increasing demand for milk powder from developing countries due to rising population and changing dietary habits.
- Growing demand for infant formula and other milk-based products, especially in emerging markets.
- Rising awareness about the health benefits of enriched milk powder among consumers worldwide.
- Technological advancements in the dairy industry that have led to the development of new and improved enriched milk powder products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Enriched Milk Powder Market Research Report
By Type
Baby Milk Powder, Adult Milk Powder
By Application
Online Channels, Supermarket/Hypermarket, Specialty Store, Others
By Companies
Glanbia PLC, Nuztri Best Health Products, Arla Foods, Fasska, Fonterra, Muntons Malted Ingredients, Aurivo Co-operative Society, Synlait Milk, Lactalis American Group, Gujarat Cooperative Milk Marketing Federation, Milligans Food Group, Corlasa
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Enriched Milk Powder Market Report Segments:
The global Enriched Milk Powder market is segmented on the basis of:
Types
Baby Milk Powder, Adult Milk Powder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Channels, Supermarket/Hypermarket, Specialty Store, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Glanbia PLC
- Nuztri Best Health Products
- Arla Foods
- Fasska
- Fonterra
- Muntons Malted Ingredients
- Aurivo Co-operative Society
- Synlait Milk
- Lactalis American Group
- Gujarat Cooperative Milk Marketing Federation
- Milligans Food Group
- Corlasa
Highlights of The Enriched Milk Powder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Baby Milk Powder
- Adult Milk Powder
- By Application:
- Online Channels
- Supermarket/Hypermarket
- Specialty Store
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Enriched Milk Powder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Enriched milk powder is a type of powdered milk that has been enriched with vitamins, minerals, and other nutrients. It is typically used as an additive in foods or drinks to improve their nutritional value.
Some of the key players operating in the enriched milk powder market are Glanbia PLC, Nuztri Best Health Products, Arla Foods, Fasska, Fonterra, Muntons Malted Ingredients, Aurivo Co-operative Society, Synlait Milk, Lactalis American Group, Gujarat Cooperative Milk Marketing Federation, Milligans Food Group, Corlasa.
The enriched milk powder market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Enriched Milk Powder Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Enriched Milk Powder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Enriched Milk Powder Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Enriched Milk Powder Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Enriched Milk Powder Market Size & Forecast, 2018-2028
4.5.1 Enriched Milk Powder Market Size and Y-o-Y Growth
4.5.2 Enriched Milk Powder Market Absolute $ Opportunity
Chapter 5 Global Enriched Milk Powder Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Enriched Milk Powder Market Size Forecast by Type
5.2.1 Baby Milk Powder
5.2.2 Adult Milk Powder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Enriched Milk Powder Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Enriched Milk Powder Market Size Forecast by Applications
6.2.1 Online Channels
6.2.2 Supermarket/Hypermarket
6.2.3 Specialty Store
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Enriched Milk Powder Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Enriched Milk Powder Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Enriched Milk Powder Analysis and Forecast
9.1 Introduction
9.2 North America Enriched Milk Powder Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Enriched Milk Powder Market Size Forecast by Type
9.6.1 Baby Milk Powder
9.6.2 Adult Milk Powder
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Enriched Milk Powder Market Size Forecast by Applications
9.10.1 Online Channels
9.10.2 Supermarket/Hypermarket
9.10.3 Specialty Store
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Enriched Milk Powder Analysis and Forecast
10.1 Introduction
10.2 Europe Enriched Milk Powder Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Enriched Milk Powder Market Size Forecast by Type
10.6.1 Baby Milk Powder
10.6.2 Adult Milk Powder
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Enriched Milk Powder Market Size Forecast by Applications
10.10.1 Online Channels
10.10.2 Supermarket/Hypermarket
10.10.3 Specialty Store
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Enriched Milk Powder Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Enriched Milk Powder Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Enriched Milk Powder Market Size Forecast by Type
11.6.1 Baby Milk Powder
11.6.2 Adult Milk Powder
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Enriched Milk Powder Market Size Forecast by Applications
11.10.1 Online Channels
11.10.2 Supermarket/Hypermarket
11.10.3 Specialty Store
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Enriched Milk Powder Analysis and Forecast
12.1 Introduction
12.2 Latin America Enriched Milk Powder Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Enriched Milk Powder Market Size Forecast by Type
12.6.1 Baby Milk Powder
12.6.2 Adult Milk Powder
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Enriched Milk Powder Market Size Forecast by Applications
12.10.1 Online Channels
12.10.2 Supermarket/Hypermarket
12.10.3 Specialty Store
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Enriched Milk Powder Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Enriched Milk Powder Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Enriched Milk Powder Market Size Forecast by Type
13.6.1 Baby Milk Powder
13.6.2 Adult Milk Powder
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Enriched Milk Powder Market Size Forecast by Applications
13.10.1 Online Channels
13.10.2 Supermarket/Hypermarket
13.10.3 Specialty Store
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Enriched Milk Powder Market: Competitive Dashboard
14.2 Global Enriched Milk Powder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Glanbia PLC
14.3.2 Nuztri Best Health Products
14.3.3 Arla Foods
14.3.4 Fasska
14.3.5 Fonterra
14.3.6 Muntons Malted Ingredients
14.3.7 Aurivo Co-operative Society
14.3.8 Synlait Milk
14.3.9 Lactalis American Group
14.3.10 Gujarat Cooperative Milk Marketing Federation
14.3.11 Milligans Food Group
14.3.12 Corlasa
