Milk Powder Market by Product, Distribution Channel, and Geography - Forecast an

Posted by sarahbennu on November 12th, 2020

The milk powder market and it is poised to grow by USD 25.38 billion during 2020-2024, progressing at a CAGR of over 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Milk Powder Market Download free sample report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alpen Food Group BV, Arla Foods amba, China Mengniu Dairy Co. Ltd., Danone SA, Dean Foods Co., Fonterra Co-operative Group Ltd., Gujarat Cooperative Milk Marketing Federation Ltd., Nestle SA, Royal FrieslandCampina NV, and The Kraft Heinz Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Long shelf life has been instrumental in driving the growth of the market. However, product recalls, fluctuation in milk prices, and lactose intolerance might hamper market growth.

Milk Powder Market 2020-2024: Segmentation

Milk Powder Market is segmented as below:

• Product
• Whole Milk Powder
• Dairy Whitener
• Skim Milk Powder
• Geography
• APAC
• North America
• Europe
• MEA
• South America
• Distribution Channel
• Hypermarket And Supermarket
• Convenience Store
• Food And Drink Specialists
• Others

Milk Powder Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The milk powder market report covers the following areas:

• Milk Powder Market Size
• Milk Powder Market Trends
• Milk Powder Market Industry Analysis

This study identifies the increasing consumption of coffee and tea as one of the prime reasons driving the milk powder market growth during the next few years.