According to the latest report by IMARC Group, titled “Skimmed Milk Powder Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the skimmed milk powder market in India reached a value of INR 133.2 Billion in 2022. Skimmed milk powder refers to a dairy product that is obtained by eliminating water from pasteurized skim milk. It is a lower-fat, and lower-calorie version of full-fat milk powder. The production process of skim milk powder includes the use of centrifugal separation to separate all fat molecules from the milk. It is then spray dried by a bag filter, which reduces the overall moisture content and bacterial load. As compared to whole milk powder, skimmed milk powder offers higher protein, lactose, and improved energy. It is mainly used in the production of baked goods, beverages, confectionery, dairy products, dry mixes, infant products, prepaid foods, processed seafood and meats, snacks, seasoning and flavors, and animal feed.
Skimmed Milk Powder Market in India Trends:
The skimmed milk powder market is primarily being driven by a significant rise in health consciousness amongst consumers. This rise has further led to an escalation in the demand for healthier snacks, on account of which the product is being widely used in the formulation of confectionery and baked food products. Additionally, skimmed milk powder offers various benefits in the food industry, such as improved tenderness and texture, which is contributing to the growth of the market. Other than this, there has been a significant shift toward skim milk powder for feeding infants as it offers vitamins and minerals that are essential in promoting growth in that age group. This shift is also fueling the market growth in India. Moreover, the rising urbanization, increasing disposable incomes, and a widespread establishment of supermarkets and hypermarkets in the country are some of the other factors that are creating a positive outlook for the market. Looking forward, the market is projected to grow at a CAGR of 10.9% during 2023-2028.
India Skimmed Milk Powder Market Summary:
- The report has been analyzed across 15 major states of India, which include Maharashtra, Uttar Pradesh, Andhra Pradesh, Tamil Nadu, Gujarat, Rajasthan, Karnataka, Madhya Pradesh, West Bengal, Bihar, Delhi, Kerala, Punjab, Orissa, and Haryana. Amongst these, West Bengal represents the largest region in the market.
- On the basis of the sector, the market has been bifurcated into the retail and institutional segments. At present the institutional sector accounts for the majority of the total market share.
- The competitive landscape of the market has also been examined, with some of the key players being GCMMF, KMF, Mother Dairy, TN Cooperative and RCDF.
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