The milk powder market and it is poised to grow by USD 25.38 billion during 2020-2024, progressing at a CAGR of over 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and
pessimistic) considering the impact of COVID-19. Request for Technavio's
latest reports on directly and indirectly impacted markets. Market estimates
include pre- and post-COVID-19 impact on the Milk Powder Market Download free sample report
The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. Alpen Food Group BV, Arla Foods amba,
China Mengniu Dairy Co. Ltd., Danone SA, Dean Foods Co., Fonterra Co-operative
Group Ltd., Gujarat Cooperative Milk Marketing Federation Ltd., Nestle SA,
Royal FrieslandCampina NV, and The Kraft Heinz Co. are some of the major market
participants. To make the most of the opportunities, market vendors should
focus more on the growth prospects in the fast-growing segments, while maintaining
their positions in the slow-growing segments.
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Long shelf life has been instrumental in driving the growth of the
market. However, product recalls, fluctuation in milk prices, and lactose
intolerance might hamper market growth.
Milk Powder Market 2020-2024: Segmentation
Milk Powder Market is segmented as below:
·
Product
o
Whole Milk Powder
o
Dairy Whitener
o
Skim Milk Powder
·
Geography
o
APAC
o
North America
o
Europe
o
MEA
o
South America
·
Distribution Channel
o
Hypermarket And Supermarket
o
Convenience Store
o
Food And Drink Specialists
o
Others
Milk Powder Market
2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study,
synthesis, and summation of data from multiple sources. The milk powder market report
covers the following areas:
·
Milk Powder Market Size
·
Milk Powder Market Trends
·
Milk Powder Market Industry Analysis
This study identifies the increasing consumption of coffee and tea as
one of the prime reasons driving the milk powder market growth during the next
few years.
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