Non Fat Dry Milk Market
Non Fat Dry Milk Market size is estimated to reach $11.2 billion by 2027, growing at a CAGR of 6.5% during the forecast period 2022-2027. Non fat dry milk is also demarcated as skim milk powder or powdered milk prepared through running evaporation of liquid milk, and exclusion of fat content. Non fat dry milk is not limited to drinking purposes only. It’s extensively used in the preparation of dairy ingredients such as confectioneries, chocolate dairy drinks, pudding, and many more. Fats are removed from milk or several dairy products because they are considered unhealthy and can lead to several health complications such as heart attack. On the other hand, non fat dry milk comes with its own benefits & advantages. An elongated lifespan of up to 12- 18 months, beneficial in lowering the blood pressure as it’s enriched with potassium, a good source of protein. Widespread health benefits and extra life are factors set to drive the growth of the Non Fat Dry Milk Industry for the period 2022-2027.
Report Coverage
The report: “Non Fat Dry Milk Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Non Fat Dry Milk Market.
By Type: High-heat, Moderate-heat, and Lower-heat.
By Application: Confectionery, Ice-creams and Snacks, Nutritional supplements, Bakery, Dairy products, etc.
By Packaging: Plastic coated paper board, Plastic pouches, non-returnable poly-ethylene containers, Returnable rigid polycarbonate containers, HDPE (High-density polyethylene).
By End User: Hypermarkets/Supermarkets, Convenience Stores, Online platforms, Retail stores.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest of World (the Middle East and Africa).
Key Takeaways
- Geographically, Europe’s Non Fat Dry Milk Market accounted for the highest revenue share in 2021 However, Asia-Pacific is poised to dominate the market over the period 2022-2027.
- Non fat dry milk is emerging as a prominent alternative for whey nutritional powders, and is driving the growth of the Non Fat Dry Milk Market. Soaring prices and unusual tastes are said to reduce market growth.
- Detailed analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Non Fat Dry Milk Market report.
Non Fat Dry Milk Market Segment Analysis-By Application
The Non Fat Dry Milk Market based on the application type can be further segmented into Confectionery, Ice-creams, Snacks, Nutritional supplements, Bakery, Dairy products, etc. The confectionery segment held the largest share in 2021. The growth is owing to the widespread use of dry milk in the preparation of several confectionery items such as Sweets, Pastries, Cakes, Chocolates, etc. The elevating demand for confectionery items with rising disposable income of people, the celebration of festivals at large scale, and growing western influence in developing countries is surging swelling the demand for powdered milk. However, the nutritional supplement segment is estimated to be the fastest-growing with a CAGR of 7.8% over the forecast period 2022-2027. This growth is owing to the growing use of non fat dry milk in place of whey proteins, and rising health awareness among people regarding complications posed by excessive fat intake.
Non Fat Dry Milk Market Segment Analysis-By Distribution Channel
The Non Fat Dry Milk Market based on distribution channels can be further segmented into Hypermarkets/Supermarkets, Convenience Stores, Online platforms, and retail stores. The hypermarket/supermarket segment held the largest share in 2021. The growth is owing to convenience and leaning of people toward modern lifestyle, Increase in Supermarket/Hypermarkets outlets all over the works, especially in developing countries. According to a report around 42000 to 45000 supermarket outlets are present in the U.S. in 2021. Likewise, the number is expected to boost as the Biden administration got the Senate approval for its $1 trillion infrastructure rebuilding plan. Convenient and comfortable shopping saves the time of consumers, sweeping increase in urbanization, migration of people from rural to urban areas for a better lifestyle, increase in population is rising the demand. However, the online segment is estimated to be the fastest-growing with a CAGR of 7.4% over the forecast period 2022-2027. This growth is owing to proliferating dominance of online shopping platforms as they offer a variety of advantages such as tranquil and economic shopping.
Non Fat Dry Milk Market Segment Analysis-By Geography
The Non Fat Dry Milk Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Europe held the largest share with 35% of the overall market in 2021. The growth in this segment is owing to the factors such as the presence of major countries with colossal dry milk production such as France, Belgium, Denmark, and Germany. In 2021 the European Union produced around 1700-1750 thousand tonnes of non fat dry milk followed by the US. However, Asia-pacific is expected to offer lucrative growth opportunities over the forecast period 2022-2027. This growth is owing to elevating population which is fuelling the overall demand for commodities. On the other hand, the growing milk industry in developing nations such as India, China, and Indonesia. Similarly, New Zealand’s non fat dry milk production is also stimulating steeply due to the government’s friendly initiatives, and full-fledged industry.
Non Fat Dry Milk Market Drivers
Health consciousness among consumers is Anticipated to Boost Product Demand
Fat-rich milk is not always good for health and can lead to several health complications. Fat-rich milk usually intensifies the threat of hypercholesterolemia which is heightened levels of cholesterol. There are usually two types of them LDL and HDL. Abundant fats fuel the LDL level which is considered bad cholesterol that leads to heart attack, and peripheral vascular disease (=reduction in blood flow due to deposition of calcium in arteries which narrows them). Within the U.S., around 50% of the adult population has high cholesterol levels. Therefore, more consumers are preferring non fat dry milk over fat-rich milk.
Modernization and Several advantages linked with non fat dry milk are Expected to Boost Product Demand
Lifestyles of people are changed day after day due to globalization which allows people to peep into other countries' cultures. Due to Western influence lifestyles of people living in low-income countries are also getting shaped. People are leaving the pastoral areas in their hunt for better lifestyles and migrating toward cities where packages of powdered milk are the most common form. On another hand, the eventful lives of people in today’s contemporary society are making non fat dry milk a better alternative to regular milk as it has an elongated shelf life of 12-18 months. These factors are driving the market growth.
Non Fat Dry Milk Market Challenges
Acquired taste of non fat dry milk is Anticipated to Hamper Market Growth
There are several advantages associated with non fat dry milk over liquid milk, but it has a few disadvantages accompanied by too which can strangle the growth of this industry. Non fat dry milk has an unusual and acquired taste that most fussy eaters may not like. On another hand, it is not well soluble in water and has lower nutrients compared to regular liquid milk which may also turn many consumers aversive toward it. A 1/4-cup serving of powdered milk contains 159 calories, according to the U.S. Department of Agriculture's National Nutrient Database. The inclination of people towards lowering the calorie content in their food is anticipated to impede the market growth.
Non Fat Dry Milk Industry Outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Non Fat Dry Milk Market. Non Fat Dry Milk Market key companies include:
- OATLY A.B
- SunOpta, Inc.
- Dana Diary
- Organic Valley Cropp Cooperative
- Earth’s Own Food Company, Inc.
- Danone S.A.
- Blue Diamond Growers, Inc.
- Eden Foods Inc.
- Hilmar Cheese Company, Inc.
- Hain Celestial Group, Inc.
Recent Developments
- On January 11, 2022, International Flavors & Fragrances Inc has globally rolled out four new cultures under its Yo-Mix Prime Series Yogurt Manufacturers. The new culture has joined the previously released Yo-Mix Prime 800-900. The said culture would help in major production challenges of frozen and freeze-dried applications. The said Yo-Mix Prime culture had lower formulation costs which would reduce the amount of non fat dry milk powder.
- On November 18, 2021, French-based food and beverages MNC “Danone” announced that the company is going to spend around $48.7 million to shift its French dairy facility to plant-based as the demand for plant-based beverages is mounting every year. Further, the company has invested around $18.7 million in its existing Alpro site in Issenheim. Danone said in the company’s press release that in the past seven years and plant food market has tripled and would further grow by 50% in France.
- In November 2019, Nestle S.A. announced the launch of high-end milk powder products, Shu Chun, for Chinese family consumers.
