Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 34.57 Billion | USD 45.11 Billion | 3% | 2023 |
The global organic milk powder market size was worth around USD 34.57 billion in 2023 and is predicted to grow to around USD 45.11 billion by 2032 with a compound annual growth rate (CAGR) of roughly 3% between 2024 and 2032. The report analyzes the global organic milk powder market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the organic milk powder industry.
The report covers forecasts and analysis for the global organic milk powder market on a global and regional level. The research report presents a comprehensive valuation of the market, competition, opportunities, emerging trends, and industry-validated market figures. The study provides historical data from 2018 to 2022 and a forecast from 2024 to 2032 based on volume (Billion Tons) and revenue (USD Billion).
Organic Milk Powder Market: Overview
The global organic milk powder market is likely to have a substantial scope in the coming future owing to various factors that are driving the market growth. The global organic milk powder market is likely to grow at a single-digit CAGR within the forecast period. The exponential rise in owing to awareness about the health and nutrition of organic products is nurturing the organic milk powder market. It offers numerous health benefits such as cellular growth, a strong immune system and to prevent blood clotting because of several nutrients present in it.
For instance calcium, potassium, magnesium, vitamin C, vitamin A, Vitamin D, and thiamin. Due to these health benefits, the food and beverage sector is utilizing the organic milk powder market which led to the development of the market. Moreover, urbanization has positively affected the organic milk powder market due to a significant change in consumption patterns.
Organic Milk Powder Market: Segmentation Analysis
The organic milk powder market has been segmented based on type and application.
Based on type, the organic milk powder market is classified as whole milk powder, skimmed milk powder, and others (buttermilk powder and fat-filled milk powder). Partial removal of water from pasteurized milk forms whole milk powder whereas partial removal of fat and water from pasteurized milk results in skimmed milk powder.
On the basis of application, the organic milk powder market is segmented into food and beverages, dietary supplements, cosmetics, and personal care. Food and beverages are further segmented into baked goods, chocolates and confectionery (e.g. milk chocolate), dairy desserts, and ice cream. Personal care and cosmetics are further segmented into skincare products such as lotions, cleansers, creams, and soaps. For dry skin and moisturizing organic milk powder is used.
Report Attributes | Report Details |
---|---|
Report Name | Organic Milk Powder Market |
Market Size in 2023 | USD 34.57 Billion |
Market Forecast in 2032 | USD 45.11 Billion |
Growth Rate | CAGR of 3% |
Number of Pages | 110 |
Key Companies Covered | Nestlé, Arla Foods amba, Dairy Farmers of America Inc, Dean Foods Company and Lactalis Group. among others |
Segments Covered | By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Organic Milk Powder Market: Growth Factors
he significant rise in the demand for the consumption of processed and packaged foods is the primary factor that is driving the market. Consumers have shifted their preferences from traditional milk powder to organic milk powder due to the usage of vaccines in non-organic cows and increased awareness about organic products.
The secondary factor that is likely to drive the market is the implementation of certified organic dairy cows which are standardized by the government bodies. The factor that might hamper the market is the premium pricing of organic milk powder compared to traditional milk powder.
The global organic milk powder market is dominated by players like:
This report segments the global organic milk powder market as follows:
By Type Segment Analysis
By Application Segment Analysis
By Regional Segment Analysis
FrequentlyAsked Questions
Organic milk powder is a powdered form of milk produced from cows raised on organic farms. This means the cows are fed organic feed, free from synthetic pesticides, fertilizers, or growth hormones. The milk is processed without artificial additives or preservatives.
According to a study, the global organic milk powder market size was worth around USD 34.57 billion in 2023 and is expected to reach USD 45.11 billion by 2032.
The global organic milk powder market is expected to grow at a CAGR of 3% during the forecast period.
Leading players in the global organic milk powder market include Nestlé, Arla Foods amba, Dairy Farmers of America Inc, Dean Foods Company and Lactalis Group. among others, among others.
The organic milk powder market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed