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The global milk powder market reached a volume of 11.2 Million Tons in 2020.
The ease of transportation and longer shelf life of milk powder represents the significant factors driving the market growth.
The development of new technologies and sustainable product packaging by leading manufacturers represent the major market trends.
The imposition of the lockdowns and travel restrictions due to the outbreak of coronavirus disease (COVID-19) has negatively impacted the procurement and sales of liquid milk in several parts of the world. This has led to supply chain disruptions, resulting in an increased demand for milk powder.
Whole milk powder is the most popular product type, followed by skim milk powder.
On the basis of the function, milk powder is mostly used for emulsification. Other major functions of milk powder are foaming, flavoring, and thickening.
Based on the application, the market has been categorized into confectionery, infant formula, sports and nutrition foods, bakery products, dry mixes, fermented milk products, meat products and others. At present, confectionery represents the largest application segment across the globe.
Region-wise, the European Union exhibits a clear dominance in the market. Other regions include New Zealand, China, the United States and Brazil.
The leading players operative in the industry are Nestlé S.A., Danone S.A., Lactalis Group, Fonterra Co-operative Group Limited, Royal FrieslandCampina N.V., Dean Foods, Arla Foods amba, Dairy Farmers of America (DFA), Inc., The Kraft Heinz Company, Saputo, Inc., and Parmalat S.p.A.
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