21-Jul-2020 | Zion Market Research
As per forecasters from Zion Market Research, the global nonfat dry milk market is estimated to reach US$ 10 billion by the end of 2026 and is expected to grow at a steady rate throughout the forecasted period. The nonfat dry milk—also commonly known as skim milk powder—is produced after extracting water from pasteurized milk, with up to 1.5% of milk fat and 5% of moisture. The nonfat dry milk has extended shelf life of about 12–13 months over liquid milk. There are two types of nonfat dry milk available in the market that includes roller dried and spray dried. The spray dried is mainly used as an element in food & beverage products. The nonfat dry milk is used as emulsifiers in baked products, soups, beverages, since it contains concentrated calcium & proteins, and provides nutritional benefits.
Some of the leading players in the global market are Bob’s Red Mill natural foods, HOCHDORF Holding Ltd., Nestle S.A., NOW Foods, The St. Albans Cooperative Creamery, Inc., All American Foods, Inc., American Dairy Products Institute, Arla Foods, Amul, and DairyAmerica, Inc.
Rising Demand For Nonfat Dry Milk From Food & Beverages Industry To Spur The Global Nonfat Dry Milk Market
The benefits and multipurpose functionalities provided by nonfat dry milk from the food & beverages industry is a chief aspect that has been a driving force of the global nonfat dry milk market. The extended shelf life of nonfat dry milk and its features such as easy handling, transportation & storage of than liquid milk has fueled the market expansion. Nevertheless, the bitter taste of nonfat dry milk is estimated to restrict its adoption, thus limiting the growth of the market in the coming years. On the contrary, a shift in consumer inclination toward nondairy options like coconut powder, soy milk powder, and others is projected to be strategic for the market. Additionally, the innovation of new flavors like berries flavor, banana flavor, and others in nonfat dry milk is expected to present lucrative opportunities for market growth in the future.
The global nonfat dry milk market is bifurcated on the basis of product type, application, and regional analysis. Based on the product type, the market is divided into high-heat, low-heat, and medium-heat. Based on the application, the market is divided into bakery & confectionary, nutritional supplements, and dairy blends.
The Asia Pacific Region Expected To Register Massive Growth In Global Nonfat Dry Milk Market
Based on the geographical analysis, the global nonfat dry milk market is divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. The market across the Asia Pacific is projected to rule the global non-fat dry milk market and sums up for a maximum market share in regards to revenue due to surging acceptance of non-fat dry milk in bakery & confectionary industries in nations in the region. The market across North America region is expected to account for the second-largest revenue share contribution in the global non-fat dry milk market accompanied with markets in Europe, Latin America, and the Middle East & Africa correspondingly, due to mounting demand for nonfat dry milk in bakery & meat industries in nations in the region.
Browse the full “Nonfat Dry Milk Market - By Product Type (High-Heat, Low-Heat, and Medium-Heat), By Application (Bakery & Confectionary, Nutritional Supplements, and Dairy Blends), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/nonfat-dry-milk-market
The global nonfat dry milk market is segmented as follows:
By product type:
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