According to the report by Expert Market Research (EMR), the global skim milk powder market size reached a value of approximately USD 8.96 billion in 2022. Aided by the increasing demand for low-fat dairy products and the growing demand for ready-to-eat (RTE) food products, the market is projected to further grow at a CAGR of 5.60% between 2023 and 2028 to reach a value of USD 12.3 billion by 2028.
Skim milk powder, derived from fresh skim milk, is predominantly used in the food and beverage industry, finding applications in numerous products such as chocolates, baked goods, confectionery, infant formula, and protein supplements, thus propelling the skim milk powder market growth. Due to its high nutritional profile, including essential minerals, vitamins, and protein, it is instrumental in maintaining overall health and wellness. Apart from its dietary benefits, skim milk powder also has excellent emulsifying, foaming, and thickening properties, making it an invaluable ingredient in a multitude of industrial applications, such as cosmetics and pharmaceuticals.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/skim-milk-powder-market/requestsample
The global skim milk powder market growth is predominantly driven by the rising consumer preference for low-fat dairy products. With growing awareness of the health implications of high-fat consumption, there has been a significant consumer shift towards low-fat diets, resulting in a surge in demand for skim milk powder-based products. Additionally, the booming fitness and wellness trend further underlines the increasing popularity of skim milk powder, as it is a preferred ingredient in protein supplements often consumed by athletes and fitness enthusiasts.
The escalating applications of skim milk powder in various industries also significantly contribute to the skim milk powder market expansion. In the pharmaceutical industry, skim milk powder is used as an excipient and filler in the production of tablets and capsules. The cosmetic industry employs skim milk powder for its hydrating and skin-brightening properties, crucial for various skincare product formulations. Furthermore, the properties of skim milk powder make it a fundamental ingredient in the production of bakery and confectionery items.
Further, the rising demand for dairy-based ingredients in the food and beverage industry has amplified focus on skim milk powder as a core ingredient. This focus coincides with the rise of flexitarian diets and an overall increase in protein-rich food consumption, causing skim milk powder to emerge as a crucial component in numerous food and beverage formulations, thereby influencing the skim milk powder market demand.
The market can be divided based on type, application, distribution channel, and region.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/skim-milk-powder-market
Market Breakup by Type
• Flavoured and Non-Fat
• Whole Milk
• Butter Milk
Market Breakup by Application
• Bakery and Confectionery
• Food and Beverages
• Infant Formulas
Market Breakup by Distribution Channel
• Food Service
Market Breakup by Region
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global skim milk powder companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• Arla Foods amba
• Dairy Farmers of America Inc.
• Danone S.A.
• Fonterra Co-operative Group Limited
• Lactalis Group
• Nestlé S.A.
• Westland Co-operative Dairy Co. Ltd.
• Gujarat Co-operative Milk Marketing Federation Ltd.
• Vreugdenhil Groep BV
• Alpen Food Group B.V.
Read More Reports:
Styrene Market: https://www.expertmarketresearch.com/reports/styrene-market
Brain Computer Interface Market: https://www.expertmarketresearch.com/reports/brain-computer-interface-market
Wireless Microphone Market: https://www.expertmarketresearch.com/reports/wireless-microphone-market
Sodium Chlorite Market: https://www.expertmarketresearch.com/reports/sodium-chlorite-market
Electrochromic glass market: https://www.expertmarketresearch.com/reports/electrochromic-glass-market
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Company Name: Claight Corporation
Contact Person: Alex Parker, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA