Market Overview:
The global nonfat 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 the increasing demand for dairy products, especially in developing countries, and rising awareness about the benefits of consuming nonfat milk powder. Based on type, the global nonfat milk powder market can be segmented into low-heat processing treatment, medium-heat processing treatment, and high-heat processing treatment. The high-heat processing treatment segment is expected to grow at a higher CAGR than other segments during the forecast period. This growth can be attributed to increasing demand for processed food products that are free from unhealthy fats and cholesterol. Based on application, the global nonfat milk powder market can be divided into ordinary nonfat milk powder, confectionery and bakery products, nutritional foods, dairy products (including infant formula), and others (including pet food).
Product Definition:
Nonfat milk powder is a type of dried milk that has had all of the fat removed. It is used in many different types of food, including infant formula, cereal, and baking. Nonfat milk powder helps to add protein and calcium to these foods.
Low-heat Processing Treatment:
Low-heat processing treatment is a method of milk preservation where the temperature of the final product is not allowed to exceed 65°C (149°F). The low-temperature process does not affect the nutritional value and taste of the end product.
The global market for low-heat processing in nonfat milk powder has been growing at a significant rate over the past few years.
Medium-heat Processing Treatment:
Medium-heat processing treatment is a method of heat treatment used to improve the quality and nutritional value of nonfat milk powder. It involves heating the milk at a temperature between 100°C to 110°C for 15 minutes. The purpose is to develop new products with better functional properties than conventional products available in the market.
The key driver for this industry includes rising demand from various application industries including confectionery, bakery, dairy desserts, beverages.
Application Insights:
Dairy products accounted for the largest share of over 30% in 2015 and are expected to witness significant growth over the forecast period. Over the past few years, dairy products have witnessed a tremendous rise in demand from emerging economies due to growing awareness regarding healthy eating habits and changing lifestyles. This has resulted in an increased focus on nutritional fortification of food & beverages, thereby driving nonfat milk powder consumption for dairy applications.
Non-dairy applications include ordinary nonfat milk powder used as a filler material or ingredient in various foods & beverages such as cookies, cakes, chocolates, ice creams etc., confectionery and bakery items which together account for around 20% of global market volume. The product is widely used as an ingredient by major brands operating in this sector including Lindt Chocolate Switzerland AG., Ferrero Rocher S.A., Godiva Chocolatier Sdn Bhd., Toblerone Ltd.
Regional Analysis:
Asia Pacific was the largest market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from countries, such as China, Japan, South Korea, Singapore, and India. In addition to this factor will also help boost the industry growth in Asia Pacific during the forecast period.
The industry players are focusing on expanding their business by opening new plants or joint ventures with local partners in key markets including China and India due to high potential for expansion of consumer base coupled with low penetration rates for dairy products & beverages among consumers. Moreover, increasing awareness regarding a healthy lifestyle along with growing disposable income levels will drive market growth over the next eight years.
Europe is anticipated to witness significant CAGR over the forecast period owing to increasing demand for plant-based foods among consumers especially those living in Germany and U.K.
Growth Factors:
- Increasing demand for healthy and nutritious food products is driving the growth of the nonfat milk powder market.
- Rising awareness about the health benefits of consuming nonfat milk powder is another key factor fuelling its demand.
- Growing popularity of dairy-free diets has led to an increase in the demand for plant-based milk powders, which is benefiting the growth of the nonfat milk powder market.
- Rapid urbanization and changing lifestyles are leading to an increase in consumption of convenience foods, thereby propelling the growth of this market segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Nonfat Milk Powder Market Research Report
By Type
Low-heat Processing Treatment, Medium-heat Processing Treatment, High-heat Processing Treatment
By Application
Ordinary Nonfat Milk Powder, Confectionery and Bakery, Nutritional Foods, Dairy Products, Others
By Companies
Nestle, Bob's Red Mill, Hochdorf Holding, Amul, Mayfield Dairy Farms, Unilever, DairyAmerica, All American Foods, Dairy Farmers of America
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
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Nonfat Milk Powder Market Report Segments:
The global Nonfat Milk Powder market is segmented on the basis of:
Types
Low-heat Processing Treatment, Medium-heat Processing Treatment, High-heat Processing Treatment
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
Ordinary Nonfat Milk Powder, Confectionery and Bakery, Nutritional Foods, Dairy Products, 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:
- Nestle
- Bob's Red Mill
- Hochdorf Holding
- Amul
- Mayfield Dairy Farms
- Unilever
- DairyAmerica
- All American Foods
- Dairy Farmers of America
Highlights of The Nonfat 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:
- Low-heat Processing Treatment
- Medium-heat Processing Treatment
- High-heat Processing Treatment
- By Application:
- Ordinary Nonfat Milk Powder
- Confectionery and Bakery
- Nutritional Foods
- Dairy Products
- 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 Nonfat 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
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- Consumer Insights
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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?
Nonfat milk powder is a powdered form of non-dairy milk. It is made from skimmed or wholemilk and has a low fat content.
Some of the major players in the nonfat milk powder market are Nestle, Bob's Red Mill, Hochdorf Holding, Amul, Mayfield Dairy Farms, Unilever, DairyAmerica, All American Foods, Dairy Farmers of America.
The nonfat 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 Nonfat 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 Nonfat Milk Powder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nonfat 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 Nonfat 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 Nonfat Milk Powder Market Size & Forecast, 2018-2028
4.5.1 Nonfat Milk Powder Market Size and Y-o-Y Growth
4.5.2 Nonfat Milk Powder Market Absolute $ Opportunity
Chapter 5 Global Nonfat 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 Nonfat Milk Powder Market Size Forecast by Type
5.2.1 Low-heat Processing Treatment
5.2.2 Medium-heat Processing Treatment
5.2.3 High-heat Processing Treatment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Nonfat 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 Nonfat Milk Powder Market Size Forecast by Applications
6.2.1 Ordinary Nonfat Milk Powder
6.2.2 Confectionery and Bakery
6.2.3 Nutritional Foods
6.2.4 Dairy Products
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nonfat 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 Nonfat 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 Nonfat Milk Powder Analysis and Forecast
9.1 Introduction
9.2 North America Nonfat 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 Nonfat Milk Powder Market Size Forecast by Type
9.6.1 Low-heat Processing Treatment
9.6.2 Medium-heat Processing Treatment
9.6.3 High-heat Processing Treatment
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 Nonfat Milk Powder Market Size Forecast by Applications
9.10.1 Ordinary Nonfat Milk Powder
9.10.2 Confectionery and Bakery
9.10.3 Nutritional Foods
9.10.4 Dairy Products
9.10.5 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 Nonfat Milk Powder Analysis and Forecast
10.1 Introduction
10.2 Europe Nonfat 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 Nonfat Milk Powder Market Size Forecast by Type
10.6.1 Low-heat Processing Treatment
10.6.2 Medium-heat Processing Treatment
10.6.3 High-heat Processing Treatment
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 Nonfat Milk Powder Market Size Forecast by Applications
10.10.1 Ordinary Nonfat Milk Powder
10.10.2 Confectionery and Bakery
10.10.3 Nutritional Foods
10.10.4 Dairy Products
10.10.5 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 Nonfat Milk Powder Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Nonfat 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 Nonfat Milk Powder Market Size Forecast by Type
11.6.1 Low-heat Processing Treatment
11.6.2 Medium-heat Processing Treatment
11.6.3 High-heat Processing Treatment
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 Nonfat Milk Powder Market Size Forecast by Applications
11.10.1 Ordinary Nonfat Milk Powder
11.10.2 Confectionery and Bakery
11.10.3 Nutritional Foods
11.10.4 Dairy Products
11.10.5 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 Nonfat Milk Powder Analysis and Forecast
12.1 Introduction
12.2 Latin America Nonfat 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 Nonfat Milk Powder Market Size Forecast by Type
12.6.1 Low-heat Processing Treatment
12.6.2 Medium-heat Processing Treatment
12.6.3 High-heat Processing Treatment
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 Nonfat Milk Powder Market Size Forecast by Applications
12.10.1 Ordinary Nonfat Milk Powder
12.10.2 Confectionery and Bakery
12.10.3 Nutritional Foods
12.10.4 Dairy Products
12.10.5 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) Nonfat Milk Powder Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Nonfat 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) Nonfat Milk Powder Market Size Forecast by Type
13.6.1 Low-heat Processing Treatment
13.6.2 Medium-heat Processing Treatment
13.6.3 High-heat Processing Treatment
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) Nonfat Milk Powder Market Size Forecast by Applications
13.10.1 Ordinary Nonfat Milk Powder
13.10.2 Confectionery and Bakery
13.10.3 Nutritional Foods
13.10.4 Dairy Products
13.10.5 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 Nonfat Milk Powder Market: Competitive Dashboard
14.2 Global Nonfat Milk Powder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nestle
14.3.2 Bob's Red Mill
14.3.3 Hochdorf Holding
14.3.4 Amul
14.3.5 Mayfield Dairy Farms
14.3.6 Unilever
14.3.7 DairyAmerica
14.3.8 All American Foods
14.3.9 Dairy Farmers of America
