Market - - Oct 05,2017
The rising disposable incomes as well as changing lifestyle is surely having a positive impact on the global dry whole milk powder market.
Whole milk powder is basically a milk ingredient that is considered to be natural and is regarded as a valued position by both manufacturer and consumer. This is because it is nutritious and cost-effective with benefits combined in terms of performance. Considering all these facts, the demand for dry milk powder has surged over the past few years.
The extended shelf life of dry milk powder which stands as an answer to perishability concerns of fresh dairy products is a major factor driving sales of powdered milk. Furthermore, low volume and low weight advantages of milk powder in comparison to milk make it easy to transport; hence, favoring the growth of dry whole milk powder market. As per active report statistics, the concerned market is expected to expand at a CAGR of 4.6% between 2017 and 2022, grabbing a valuation of US$12,761.1 mn.
Presently, the market for dry whole milk powder is active across North America, Latin America, Europe, Asia Pacific except Japan (APEJ), Japan and the Middle East and Africa. Among these regions, Asia Pacific except Japan is found to be the most attractive regional market which is anticipated to expand at a CAGR of 5.2% by the end of 2022. Furthermore, the prominent sales channel for this product comprises of modern trade, convenience stores, traditional grocery store, online channels, other retail formats and direct sales.
Prominent manufacturers such as Danone, Nestle, Amul, Fonterra, Lactalis Group, Friesland Campina, Dana Dairy, Belgomilk, Saputo Ingredients and Almira, have contributed impressively to the growth of the dry whole milk powder market.
For more information on this report visit- https://www.marketresearchhub.com/report/dry-whole-milk-powder-market-global-industry-analysis-size-share-growth-trends-and-forecast-2017-2022-report.html