The skimmed milk industry is anticipated to achieve a valuation of around USD 19 billion by 2026, with a steady compound annual growth rate (CAGR) of almost 7.5% throughout the forecast period. This report conducts a comprehensive analysis of the available data to project the future growth of the sector. It assesses historical data from 2016 and 2017 and considers 2018 as the base year for forecasting the industry's growth until 2026. The report evaluates the market size, share, demand, trends, revenue, and sales to monitor the sector's progress over time.
Skimmed milk is a type of milk with low or no fat content. It is produced by separating or skimming the cream from the milk, leaving behind only 0-0.5% fat residue. Skimmed milk typically contains 0.1% fat and higher levels of protein and calcium compared to regular milk. It has a lighter and thinner consistency, lower sugar content, and fewer calories. Despite the removal of fat, skimmed milk retains most of its nutrients, including vitamin A, vitamin D, and phosphorous. The health benefits associated with skimmed milk make it a preferred choice for a healthy diet, and many health experts recommend substituting full cream milk with skimmed milk for a healthier option.
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Top Companies Operating in the Global Skimmed Milk Powder Market Report:
- Agri-Mark, Inc.
- Agropur Cooperative
- Alpen Dairies
- Amul
- Arla Foods
- Associated Milk Producers Inc.
- Danone S.A.
- Darigold Inc.
- Dairy Farmers of America Inc.
- Dean Foods Company
- Grassland Dairy Products Inc.
- Mayfield Dairy Farms, Inc.
- Nova Dairy Products
- Fonterra Co-operative Group Limited
- Lactalis
- Nestle S.A
- Schreiber Foods Inc.
- Unilever
Driving Factors of Skimmed Milk Powder Market
The growth of the Skimmed Milk Powder Market can be attributed to various driving factors. One of the primary factors is the increasing health consciousness among consumers, which has led to a rise in demand for healthier food products. Skimmed milk is considered a healthier alternative to full cream milk due to its lower fat content and higher nutritional value, making it a popular choice among health-conscious individuals.
Another factor driving the market growth is the increasing adoption of skimmed milk in the food and beverage industry. Skimmed milk is widely used in the production of various food products, such as cheese, yogurt, and ice cream, due to its functional properties and longer shelf life.
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This report analyzes the Skimmed Milk Powder Market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Skimmed Milk Powder Market is provided to gain a deeper understanding of its growth and progress.
The global Skimmed Milk Powder Market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
By Application:
- Confectionery
- Bakery
- Prepared Mix
- Dairy
- Others
By Distribution Channel:
- Convenience Store
- Online Store
- Supermarket
- Hypermarket
- Wholesalers
Key Questions Addressed in the Report:
· What are the dominating factors that are influencing the growth of the industry?
· In the forecast period, which market segment is expected to rise the most?
· What are the risks and challenges that the industry is facing?
· In the coming years, which area is projected to dominate the market?
· Who are the major players in the market? What kind of strategic business plans have they made?
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